MTF is it really for small scale retail investors?

“Can the interest paid on Margin Trading Funding (MTF) be deducted from my taxable income when calculating short-term capital gains (STCG)? Specifically, I am concerned about the impact of the interest rate on my overall profitability, which can amount to 34% annually. Can this interest be considered as part of the cost of acquisition of the securities for reducing the taxable capital gains?”