| Currency | Interbank rate |
|---|---|
| AUD | One month bankers acceptance bill |
| CAD | One month bankers acceptance bill |
| CHF | One month Libor |
| DKK | One month Copenhagen interbank offered rate |
| EUR | One month Euribor |
| GBP | One month Libor |
| HKD | One month Hong Kong interbank offered rate |
| INR | One month deposit |
| JPY | One month Libor |
| NOK | One month Norwegian interbank offered rate |
| NZD | One month bank bill |
| SEK | One month Stockholm interbank offered rate |
| SGD | One month Singapore interbank offered rate |
| USD | One month Libor |
| ZAR | One month deposit |
Holding costs
At the end of each trading day (5pm New York time), your open CFD trading positions may be subject to a charge called a holding cost. The holding cost can be positive or negative depending on whether you are long or short. Indices, forex, commodity and treasury forward contracts are not subject to holding costs.
Holding costs for indices are based on the underlying interbank rate of the index (see table) plus 2.5% on buy positions and minus 2.5% on sell positions.
For share CFDs, holding costs are based on the underlying interbank rate for the currency of the relevant share (see table) plus 2.5% on buy positions and minus 2.5% on sell positions.
FX holding costs are based on the tom-next (tomorrow to next day) rate in the underlying market for the currency pair and are expressed as an annual percentage.
Holding rates for cash commodities and treasuries are based on the inferred holding costs built into the underlying futures contracts, from which the prices of our cash commodity and treasury products are derived.
Market data fees
If you want to trade or view our price data for certain instruments, you will need to activate the relevant market data subscription.
Monthly subscription charges may apply depending on your market data classification and the type of account you hold; details of the charges can be found on the platform in the 'market data' section in 'user preferences'. Subscriptions made mid-month are subject to the full monthly charge (if applicable).
The period over which the market data subscription is active runs from the point of activation until midnight, local time to the market you have subscribe to, on the first day of the following month.
Based on your market data classification the fee is refunded if you execute two or more trades for non-professional, or five or more trades for professional, under the same subscription plan during the subscription period.
Please note that, where fees apply, local taxes and duties may also be charged. Residents of the Australia will be subject to GST at 10%.
| Market | Currency | Market data fee (excl. GST) |
|---|---|---|
| Australia | AUD | 20.00 |
| Hong Kong | HKD | 120HKD |
| Austria, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Poland, Portugal, Singapore, Spain, Sweden, Switzerland, UK, USA | Various | 0.00 |
Commission
Share CFDs attract a commission charge each time you enter and exit a trade. The commission charge varies depending on the country where the share product originates.
Guaranteed stop-loss order charges
A guaranteed stop-loss order (GSLO) works in the same way as a stop-loss order, except that it guarantees to close you out of a trade at the price specified regardless of market volatility or gapping, for a premium. If the GSLO is not triggered then we'll refund 100% of the original premium.
| Product | CFD GSLO premium rate | Trade size | GSLO premium1, 2 |
|---|---|---|---|
| UK 100 | 1 GBP per unit | 5 units | AUD9.74 |
| US 30 | 1.50 USD per unit | 5 units | AUD6.60 |
| Germany 30 | 1.50 EUR per unit | 5 units | AUD9.74 |
| EUR/USD | 0.0001 USD per EUR | €50,000 | AUD5.28 |
| GBP/USD | 0.00015 USD per GBP | £50,000 | AUD5.28 |
| Gold | 0.3 USD per unit | 10 units | AUD3.96 |
| Crude Oil Brent | 0.02 USD per unit | 100 units | AUD3.96 |
1GSLO premium = premium rate x trade size.
2Amounts are automatically converted into your home currency using the prevailing CMC Markets conversion rate.
Example GSLO premiums
These are some examples of GSLO premiums on a selection of our popular products. This rate can be found on the platform for each applicable product. Learn how GSLO premiums are calculated.
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What is the Australian CFD and FX Forum?
CMC Markets co-founded the CFD Forum to raise industry standards and provide greater protection against one of the biggest issues facing many CFD and FX traders in Australia today - to ensure client money is held safely in a segregated, Australian bank account not used for hedging or any other operational purpose.
Learn more here
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