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CFD account
Trade CFDs on over 10,000+ shares, FX pairs, commodities, indices and treasuries
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| Currency | Interbank rate |
|---|---|
| CAD | Canada Bankers Acceptance 1 Month |
| USD | SOFR |
| AUD | Banker Acceptance Bill 1 month |
| CHF | SARON |
| DKK | Copenhagen Interbank Offered Rate 1 month |
| EUR | ESTER |
| GBP | SONIA |
| HKD | Hong Kong Interbank Offered Rate 1 month |
| IDR | 1 month Deposit |
| JPY | TONAR |
| NOK | Norwegian Interbank Offered Rate 1 month |
| NZD | Bank Bill 1 month |
| SEK | Stockholm Interbank Offered Rate 1 month |
| SGD | SORA |
From Monday 1 November 2021, LIBOR has been replaced by a new interbank rate for the following currencies: GBP, USD, EUR, CHF, JPY and SGD. Please refer to the table above for the new interbank rate. Overnight holding costs will be charged based on the new benchmark rate, plus or minus our fee depending on whether you hold a buy or sell position in an index, share or share basket. Based on the new benchmark rates compared with Libor, we don't expect a material change in 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. Forward contracts on indices, forex, commodities and treasuries 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.
Please note this information has been provided for reference, and the rates may not match exactly if recalculated. If you have any questions, please contact our client services team.
To view the prices for Australian and Hong Kong share CFDs on the platform, you will need to activate the relevant market data subscription. There is a monthly fee, which is refunded if you execute two or more trades under the same subscription during the subscription period, which usually runs from the first day of the month until the first day of the following month.
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.
| Market | Currency | Market data fee (excl tax) |
|---|---|---|
| Australia | AUD | 20.00 |
| Hong Kong | HKD | 120.00 |
| Austria, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Poland, Portugal, Singapore, Spain, Sweden, Switzerland, UK, US | Various | 0.00 |
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.
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 | CAD8.82 |
| US 30 | 1.50 USD per unit | 5 units | CAD10.07 |
| Germany 40 | 1.50 EUR per unit | 5 units | CAD11.92 |
| EUR/USD | 0.0001 USD per EUR | €50,000 | CAD6.71 |
| GBP/USD | 0.00015 USD per GBP | £50,000 | CAD10.07 |
| Gold | 0.3 USD per unit | 10 units | CAD4.03 |
| Crude Oil Brent | 0.02 USD per unit | 100 units | CAD2.68 |
1GSLO premium = premium rate x
trade size.
2Amounts are automatically converted into your home currency using the prevailing CMC Markets conversion rate.
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.
| Account Currency |
Monthly Inactivity Fee |
|---|---|
| CAD | $15 |
| USD | $15 |
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.
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†Awarded the “2016 Top Trading Platform for Charting” by the Canadian Society of Technical Analysts; Awarded 'Best Trading Platform Features', Investment Trends 2014 & 2015 UK Leveraged Trading Report, based on highest user satisfaction among FX traders; 'Best Mobile Platform', Investment Trends 2015 UK Leveraged Trading Report, based on highest user satisfaction among CFD traders and FX traders; 'Best Online Trading Platform', Shares Awards 2013 & 2014; 'Best Mobile/Tablet Application', Shares Awards 2015; 'Best Mobile/Tablet Application', Online Personal Wealth Awards 2015.
^We offer competitive monthly cash rebates for clients who trade in high volumes and if you meet our monthly notional value requirements for one asset class, you automatically qualify for monthly rebates for all asset classes; conditions apply.
*Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK