CMC Markets products are priced with reference to underlying assets. Investing directly in such assets carries an associated cost of physically holding those assets for a period of time. For instance, if you buy futures on crude oil, someone has to store that oil until the delivery date. The carrying cost represents the cost involved in holding an asset. The carrying cost is only applicable to trades on the following product types: Commodities and currencies. For full details please refer to our CMC Next Generation PDS.
The holding rate used when calculating the applicable holding costs on FX comes from the tom-next rate, which is the difference between the two currencies’ interest rates, with an additional 1% CMC Markets charge added. Learn more about holding costs.
The list of costs and charges below is not exhaustive. Please see our CFD holdings costs page for a more comprehensive explanation of our GSLO premiums, margins, etc.
Overnight holding costs: at the end of each trading day at 5pm (New York time), any cash positions held in your account may be subject to a charge called a 'holding cost'. The holding cost can be positive or negative depending on the direction of your position. Historical holding rates, expressed as an annual percentage rate, are visible on our platform within the overview section of each product. This annual percentage is applied to the notional value of your trade when it was opened, and divided by 365 for the one night cost. Learn how we calculate CFD holdings costs.
Commission charges: when trading CFD shares on our platform, a commission will be charged to your account upon execution of any order. See our commission rates.
Market data feeds: in order to view share prices on our platform, you will need to activate the relevant market data feed for the region in which the products you wish to see are traded.
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’.
When you place a trade with CMC Markets and use any optional financing you will incur a borrowing cost. The transaction borrowing cost is the cost of ‘borrowing’ the value of the unfunded portion of a trade. We calculate the rate applicable to the Borrowing Cost with reference to interbank lending rates. The borrowing cost is only applicable to trades on the following product types: Indices, shares and commodities. For full details please refer to our CMC Next Generation PDS.
This depends on the information you provided in your application form. You are classified as a 'non-private investor' for market data purposes if you meet one or more of the following conditions:
If any of these apply to you and you subscribe to any market data price feeds for share CFDs, you will be charged the 'non-private investor' rate, which may be higher than the 'private investor' rate. Details of the charges can be found on the platform in the ‘market data’ section in ‘user preferences’.