CFD Trading Costs


Before placing a CFD trade there are several costs to consider: Spread, Holding Costs, Market Data Fees and Commission (applicable to share trading only)

Spread

The difference between the current buy price and the current sell price is referred to as the spread. This is shown as a number of points based on the last large number within the price quote

Example 1:

The spread on the UK 100 shown here is 1.0, calculated by subtracting 6,447.7 (buy price) from 6,446.7 (sell price).

CFD-&-SB_03.jpg

Example 2:

The spread on the GBP/USD shown here is 0.9. If you subtract 1.65364 from 1.65373, that equals 0.00009 but as we base the spread on the last large number in the price quote, it equates to a spread of 0.9

CFD-&-SB_05.jpg

Using GBP/USD as shown in example 2, if you decided you wanted to buy, you would buy at a price of 1.65373. You would then need the market to move in your favour by 0.9 points to start making a profit.

View our typical spreads


CFD share trading commissions

When trading CFD shares on our platform, a commission will be charged to your account upon execution of any order.

Country/Market Commission charge Charge currency Minimum commission charge
Canada 1 Cent per Share CFD CAD CAD 8.00
US 1 Cent per Share CFD USD USD 8.00
Australia 0.10% AUD AUD 7.00
Denmark 0.10% DKK DKK 90.00
France 0.10% EUR EUR 9.00
Germany 0.10% EUR EUR 9.00
Hong Kong 0.18% HKD HKD 50.00
Ireland 0.10% EUR EUR 9.00
Italy 0.10% EUR EUR 9.00
Japan 0.10% JPY JPY 1,000
Singapore (SGD) 0.10% SGD SGD 10.00
Singapore (USD) 0.10% USD USD 10.00
Spain 0.10% EUR EUR 9.00
Sweden 0.10% SEK SEK 89.00
Switzerland 0.10% CHF CHF 9.00
The Netherlands 0.10% EUR EUR 9.00
UK 0.10% GBP GBP 9.00

For non US or Canadian shares, the commission is calculated as a percentage charge of the value of the order. Commissions on US and Canadian shares are charged at 1 cent per share.

All commission charges will be converted to your account currency at the prevailing CMC Markets currency conversion rate.


Examples:

The commission on a Canadian CFD share is $0.01 (one cent per share CFD) subject to a minimum commission of $8.00.

Example 1(a): a 1,000 unit trade in Blackberry at a price of $10.00 would incur a commission of $10.00 based on the following calculation:
1,000 (units) x $0.01 (price) = $10.00

The commission on this trade is more than the $8.00 minimum commission charge.


Example 2(a): for shares on US markets, the commission is calculated as 1 US cent per share, subject to a minimum commission charge of US$8.00 So the commission for trades in Caterpillar Inc (US 1 cent minimum US$8) would be based on the following calculations:
800 units at a price of 80.95 would incur a commission charge of US$8.
800 (units) x $0.01 (price)
= US$8
500 units at a price of 80.95 would also incur a commission charge of US$8.
500 (units) x $0.01 (price)
= US$5

This is less than the US$8 minimum so the commission will be US$8.