Hi,

I'm pretty new to cfd and levereging and wondering if it's any good for long-term investing.

As an example - If I buy an ETF, like SPY, for $1000 with 5X leverage there is a daily fee of $1,59.

If I keep that for a year that will be $580. (365*1,59)

If I understand the leverege correct, I will put in $1000 of my own money and borrow $4000. That means I will pay $580 in "interest" for a $4000 loan, which equal to an interest rate of 14.5%.

Is this a correct way to calculate/look at it or am I missing something?

Because then it seems downright crazy to leverage through eToro, as I can borrow money in the bank for around 5-6% and get a tax-deduction bringing the effective interest down to around 4%