How is client Interest calculated with Totality?

Totality clients will earn interest on uninvested cash account balances above USD 100,000 (or equivalent) at a scaled rate, depending on your account balance. There is no lock-in period on client funds, which remain available for withdrawal or ready to deploy in the markets at any time.

Interest on your primary Totality account is calculated based on the account’s Net Free Equity (NFE), while interest on your currency sub-accounts is calculated on the Account Value. The interest is calculated daily and booked monthly.

Net Free Equity is calculated as follows:

  1. Take the value-dated cash balance of your main trading account, plus or minus cash balances on your sub-accounts in the same currency;
  1. Plus or minus any unrealised profits or losses from open CFDs, FX Forwards, and Futures on your main trading account and sub-accounts in the same currency;
  1. Plus the market value of any FX options on your main trading account and sub-accounts in the same currency;
  1. Minus any margin required for financing open positions on your main trading account and sub-accounts, regardless of sub-account currency.

Sub-account Account Value is calculated as follows:

  • Take the value-dated cash balance of accounts in the same currency;
  • Plus or minus the value of any unrealised profits or losses from open CFDs, FX Forwards, and Futures on accounts in the same currency;
  • Plus the market value of any FX Options on accounts in the same currency.

The interest calculation formula is therefore as follows:

  • On your main account:

    Interest on NFE = (NFE* x Annual Interest Rate x Interest days)/Annual Interest Days in Currency
    * Adjusted for interest rate threshold/floor
  • On your sub-accounts:

    Interest on Account Value = (Account value* x Annual Interest Rate x Interest Days)/Annual Interest Days in Currency
    * Adjusted for interest rate threshold/floor

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