CFD trading costs

Holding costs

Holding costs apply when positions are held overnight or on weekends after 5:00 PM New York Time. These holding costs can be positive or negative, depending on market conditions, reference rates, or whether you go long or short. If no quotations are available for the product in your local currency, the total holding costs will be calculated using the current CMC currency conversion rate. There are no holding costs for forwards.

The holding costs for CFDs on cash indices are calculated using the underlying daily reference interest rate of the index plus 2.5% on buy trades and minus 2.5% on sell trades.

The holding costs for share and ETF CFDs are calculated using the underlying daily reference interest rate for the currency of the share or ETF plus 2.5% on buy trades and minus 2.5% on sell trades.

The holding costs for CFDs on cash currency pairs are calculated using the tomorrow-next (tomorrow-to-the-day-after) interest rate of the markets underlying the respective currency pair, expressed as an annual percentage.

The holding costs for CFDs on cash commodities and cash government bonds are calculated using the derived holding costs of the underlying futures contracts from which the prices of our cash products are derived.

Please note that this information is provided for reference purposes only, and the rates may not be exactly the same when recalculated. If you have any questions, please contact our customer service team.

More about CFD holding costs

Commission

When trading stock and ETF CFDs on our trading platform, a commission is charged upon execution of a trade. The amount of the commission fee depends on the origin of the product. For example, the commission for trading US and Canadian stock and ETF CFDs is $0, and for Australian stock and ETF CFDs, the commission is 0.1% (7 AUD min). All other international share CFDs incur a commission charge when you enter and exit a trade.

Market data subscription

To view the prices for stock and ETF CFDs on the platform, you must activate the corresponding price data subscription.

Monthly fees may apply depending on the classification of the market data and your account type; *Please note that market data fees are not free for commercial customers.

If you execute at least two trades under the same price data subscription within a calendar month, the subscription fee will be credited back to your account. The credit will be made in the following calendar month. Refunds after two trades are only available to retail clients.

Please note that, where fees apply, local taxes and duties may also be charged. The taxes will include 13% HST, on the basis that you are a resident in Canada. Non-residents will be charged tax based on their country of residence.

Fees for guaranteed stop-loss orders

A Guaranteed Stop Loss (GSLO), available on most products, works the same as a stop-loss order, but guarantees the closure of trades at the specified price regardless of market volatility or gapping. If the GSLO is not triggered, we'll refund you 100% of the original premium.

Examples of GSLO premium

GSLO premiums are calculated as follows: premium rate x trade size (units). Amounts are automatically converted into your local currency at the prevailing CMC exchange rate.

Forex

For example, if you go short 50,000 units of GBP/USD, the GSLO premium would be $10.00 ($0.0002 x 50,000 units). If you close the trade yourself, a take–profit is triggered or you remove the GSLO, the $10.00 premium will be refunded.

Indices

For example, if you go long 5 units in the UK 100, the GSLO premium would be £5 (£1 x 5 units). If you choose to close the trade yourself, a take-profit order is triggered, or you remove the GSLO yourself, the £5 premium will be refunded.

Commodities

For example, if you go long 600 units of Brent crude oil, the GSLO premium would be $12 ($0.02 x 600 units). If you choose to close the trade yourself, a take-profit order is triggered, or you remove the GSLO yourself, the $12 premium will be refunded.

Stock CFDs

For example, if you go long 500 units in Vodafone, the GSLO fee would be $24 ($0.048 x 500 units). If you choose to close the trade yourself, a take-profit order is triggered, or you remove the GSLO yourself, the $24 premium will be refunded.

Inactivity fees

There is a monthly charge of $15 (the amount depends on your account currency) on dormant accounts, but no deduction is made if there are no funds in the account. An account is considered dormant if there has been no trading activity for a continuous period of 12 months.

If you trade again on the account, 3 months of inactivity fee will be automatically credited by the next month.