Am I getting ripped off?

[pster]

I'm using a CFD provider to go long on silver and five nights a week they have rollover and five nights a week I loose 1.5 cents per ~$30 ounce of silver. The rollover always goes against me for that amount. Should I switch to a different broker?

 

[shadowninja]

Without whipping out the calculator, it seems about right for a rollover fee. IG Index charges about 1 pip a day. I don't do CFDs - can you choose between daily and monthly CFDs? A monthly CFD might have a worse spread but only rollover once a month - if you're holding for several days, it might make more sense.

 

[tar]

I'm using a CFD provider to go long on silver and five nights a week they have rollover and five nights a week I loose 1.5 cents per ~$30 ounce of silver. The rollover always goes against me for that amount. Should I switch to a different broker?

http://fxtrade.oanda.com/account/interest-calculator