CFD trading costs
When trading CFDs, there are additional costs to consider in addition to spreads and margins. These depend on how long you hold a position, which products you trade, and how you manage your risk.
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 0.0082% on buy trades and less 0.0082% 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 0.0082% on buy trades and less 0.0082% 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 CFD transactions on cryptocurrencies are calculated in the same way as our other products. The overnight holding costs for Bitcoin/USD are 0.0685% for long positions and minus 0.0137% for short positions. The overnight holding costs for Ethereum/USD are 0.0685% for long positions and minus 0.0137% for short positions.
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.
Carrying costs for equity baskets, forex, commodity, and crypto indices are calculated using a weighted sum of the carrying costs of the individual components, plus the CMC haircut for long positions or minus the CMC haircut for short positions.
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.
Commissions
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. The commission for trading German stock and ETF CFDs is fixed at EUR 5, and for US stock and ETF CFDs, the maximum commission is USD 10.
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*. Please note that market data fees are not free for professional clients. Details of CMC’s fees 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 subscribed 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 UK will be subject to VAT at 20%. Residents of the EU will be subject to their local VAT/Sales Tax rates.
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.
GSLO premium examples
The GSLO premium can be calculated in the following way: premium rate x trade size (units). Amounts are automatically converted into your home currency using the prevailing CMC Markets conversion rate.
Forex
For example, if you short 50,000 units of the GBP/USD currency pair, the GSLO premium would be $7.50 ($0.00015 x 50,000 units). If you choose to close the trade yourself, a take-profit order is triggered, or you remove the GSLO yourself, the $7.50 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.
Shares
For example, if you go long 500 units in Deutsche Telekom, the GSLO fee would be €15 (€0.03 x 500 units). If you choose to close the trade yourself, a take-profit order is triggered, or you remove the GSLO yourself, the €15 premium will be refunded.
Dormant account charges
A monthly inactivity charge of £10 (the amount depends on your account currency) will be deducted per dormant account where funds are available. An account is considered dormant if there are no open positions and there has been no other trading activity for a continuous period of one year.
The monthly inactivity charge of £10 (or its equivalent in another currency) will be deducted from a dormant account, usually within the first two (UK) working days of the month, until either:
The account is closed by the client or CMC Markets;
Trading activity recommences on the account; or
The balance of the account is reduced to zero.
Once the balance of a dormant account has reduced to zero, we will not deduct further monthly inactivity charges from the dormant account. A dormant account will not incur a negative balance as a result of the deduction of the monthly inactivity charge.
If you decide to reactivate your dormant account by trading again, the inactivity charge for up to three previous months (up to a maximum of £30) where this has already been deducted will be refunded to your account.
1 Morningstar is a registered trademark of Morningstar Inc.
2Reuters news tickers are registered trademarks of Thomson Reuters® and Refinitiv®
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