How does LiteFinance’s Interest Credit work?

APR is the percentage credited to the remaining funds (annual).

Account status checks will be performed at the end of each day to ensure that client funds are not being used for trading.

The daily interest summary will be calculated according to the following formula:

Daily % = (No-guarantee credit) * Interest rate / 100 / 360

Waiver of Margin Credit = the client’s own current amount of excess funds.

Interest rate = the specified interest rate

360 = the number of days in a year.

The interest calculation formula is set by the software developer and cannot be changed.

The calculated quantities are made daily and saved automatically.

Interest accrued throughout the month will be paid on the last day of the month.

The natural increase is treated as a balance and will be marked “IR”.