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CMC Markets UK plc and CMC Spreadbet plc – CMC Price+ Scheme Terms and Conditions

Subject to the terms set out below, you may be eligible to receive certain Trading Discounts, depending on the Trading Tiers you achieve.

Definitions

"CMC Markets" shall mean CMC Markets UK plc and CMC Spreadbet plc as applicable, and references below to “us or “our” shall be construed accordingly.

“CMC Markets Platform” means the CMC Markets electronic trading platform, as updated from time to time.

"Eligible Client" means a client who meets the requirements for eligibility, according to clause 2 of these Terms.

"Price+ Scheme" means the scheme described in these Terms whereby Eligible Clients receive the Trading Discounts.

"Terms" shall mean these 'Price+ Terms and Conditions'.

"Terms of Business" shall mean the CMC Markets UK plc terms of business or the CMC Spreadbet plc financial betting terms of business (as applicable to the Eligible Client).

"Tier(s)" shall refer to the Price+ Scheme tiers, as set out at clause 5 of these Terms.

"Trading Discount(s)" shall mean the cost discounts on spread paid for the Trading Points accumulated throughout the calendar month, as set out at clause 5 of these Terms.

"Trading Point(s)" shall mean the point(s) earned by an Eligible Client on different asset classes and trade sizes, as set out at clause 4 of these Terms.

Interpretation of these Terms

1.

Capitalised terms used but not defined herein have the meaning given to them in the Terms of Business. References to the Terms of Business below shall be construed accordingly. Except as may be varied below, the Terms of Business apply to this Price+ Scheme.

Who can receive our Price+ Scheme benefits?

2.

To qualify as an Eligible Client for the Price+ Scheme, you must have an existing trading Account with CMC Markets.

3.

CMC Markets reserves the right to refuse to provide the Price+ Scheme to an Eligible Client, or to remove the provision of the Price+ Scheme and Trading Discount(s) to any Eligible Client, in its sole discretion and without giving any reason for doing so.

How our Price+ Scheme works

4.

Subject to these Terms, an Eligible Client can earn Trading Points every time they place a CFD Margin Trade and/or Bet with CMC Markets. Trading Points will be accumulated throughout a single calendar month and an Eligible Client will receive Trading Discounts, depending on the Tier achieved. An Eligible Client will earn a varying number of Trading Points with CFD Margin Trades and/or Bets placed across instrument types at certain trade sizes, as per the table below:

Instrument type Amount traded ($) Trading points
Commodities 10,000 2
Currencies 100,000 2
ETFs 10,000 3
Forex Indices 10,000 6
Indices 100,000 3
Share Baskets 10,000 3
Shares 10,000 3
Treasuries 100,000 5

Traded amounts are revalued into US Dollars using the preceding 10pm London local time exchange rate from Product Currency (if trading CFD Margin Trades) or trading Account Currency (if placing Bets) and will be displayed on the customer hub within the CMC Markets Platform.

5.

An Eligible Client will receive Trading Discounts on spread according to the Trading Points accumulated throughout the calendar month, as set out in the table below. The trading point entry requirement can be seen directly underneath each tier name:

INSTRUMENT TYPE

Commodities

Cash Instrument Tier 1
0
Tier 2
100
Tier 3
2,500
Tier 4
5,000
Tier 5
25,000
Gold 0 0.01 0.02 0.03 0.04
Crude Oil Brent 0 0.1 0.2 0.3 0.5
Silver 0 0.1 0.2 0.3 0.5
Crude Oil West Texas 0 0.1 0.2 0.3 0.5

Currencies

Cash Instrument Tier 1
0
Tier 2
100
Tier 3
2,500
Tier 4
5,000
Tier 5
25,000
GBP/USD 0 0 0.1 0.1 0.2
EUR/USD 0 0 0.1 0.1 0.2
AUD/USD 0 0 0.1 0.1 0.2
USD/JPY 0 0 0.1 0.1 0.2
USD/CAD 0 0 0.1 0.2 0.3
NZD/USD 0 0.1 0.2 0.3 0.4
GBP/JPY 0 0.1 0.3 0.4 0.5
EUR/GBP 0 0 0.1 0.2 0.3
AUD/JPY 0 0 0.1 0.2 0.3
USD/CHF 0 0 0.1 0.1 0.2
EUR/JPY 0 0.1 0.2 0.3 0.4

Indices

Cash Instrument Tier 1
0
Tier 2
100
Tier 3
2,500
Tier 4
5,000
Tier 5
25,000
US 30 0 0.05 0.1 0.2 0.3
Germany 30 0 0.02 0.05 0.1 0.15
US NDAQ 100 0 0.02 0.05 0.1 0.15
US SPX 500 0 0.2 0.5 0.7 1
UK 100 0 0.05 0.1 0.15 0.2
Australia 200 0 0.05 0.1 0.15 0.2
Hong Kong 50 0 0.2 0.5 0.7 1
US Small Cap 2000 0 0.1 0.3 0.4 0.6
Japan 225 0 0.35 0.7 1.05 1.4
France 40 0 0.05 0.1 0.15 0.2
Euro 50 0 0 0.1 0.2 0.3

Treasuries

Cash Instrument Tier 1
0
Tier 2
100
Tier 3
2,500
Tier 4
5,000
Tier 5
25,000
US T-Bond 0 0.1 0.2 0.3 0.4
US T-Note 10 Yr 0 0.1 0.2 0.3 0.4
Euro Bund 0 0.1 0.2 0.3 0.4
6.

On the last day of each calendar month, at 10pm London local time, the Trading Points balance resets to zero and the Tier level and Trading Discount of the Eligible Client carries over to the following calendar month. Achieving a higher Tier will earn higher Trading Discounts.

Example

If at the end of January an Eligible Client achieves Tier 4 status, in February the Eligible Client's Trading Points balance will reset to zero and the Eligible Client will continue to receive Tier 4 Trading Discounts for all Trades placed in February.

7.

If an Eligible Client does not accumulate the required Trading Points to maintain the Eligible Client's current Tier status, the Eligible Client will lose that Tier status and the associated Trading Discounts.

8.

An Eligible Client will never drop more than one (1) single Tier between two (2) calendar months.

Example

An Eligible Client receives Tier 4 Trading Discounts for the month of February due to the Trading Points accumulated in January. However, the Eligible Client does not accumulate the required Trading Points in February to maintain Tier 4, and as a result, the Eligible Client would drop a single Tier and receive Tier 3 Trading Discounts in March.

9.

The Price+ Scheme will not be applied in respect of any CFD Margin Trades and/or Bets that are subsequently voided, reversed or cancelled by CMC Markets in accordance with the Terms of Business and related documentation. If the Price+ Scheme has already been applied in respect of any CFD Margin Trades and/or Bets that are subsequently voided, reversed or cancelled by CMC Markets, CMC Markets will reverse the Price+ Scheme Trading Discounts and Trading Points applied in respect of such CFD Margin Trades from an Eligible Client's Account.

10.

If an Eligible Client no longer wishes to participate in the Price+ Scheme, they may notify CMC Markets via email at priceplus@cmcmarkets.co.uk and our Client Management team will disable the Price+ Scheme as soon as reasonably practicable thereafter. Once an Eligible Client has successfully opted out of the Price+ Scheme, they will need to email our Client Management team at priceplus@cmcmarkets.co.uk should they wish to opt back in.

General terms

11.

All personal data shall be processed in line with the CMC Markets Privacy Policy.

12.

Although Trading Point balances are evaluated throughout the day, there may be occasions where there are delays with processing this data. CMC Markets will not be liable for any (direct or indirect) loss, damages, claims or consequences whatsoever, caused by any failure, hindrance, or delay in applying Trading Discounts to an Eligible Client's Account.

13.

CMC Markets retains the right to withdraw or amend the Price+ Scheme and/or these Terms in whole or in part at any time, without prior notice and at its sole discretion, and shall be under no obligation to reimburse an Eligible Client for any Trading Discounts under the Price+ Scheme. Where CMC Markets does withdraw or amend the Price+ Scheme and/or these Terms in whole or in part, it shall not be liable for any direct or indirect loss, damages, claims or consequences in connection with, or arising out of, this decision. By continuing to participate in the Price+ Scheme, Eligible Clients will be deemed to have automatically accepted the Price+ Scheme and/or Terms as amended.

14.

In the event of any conflict, discrepancy or inconsistency between the Terms of Business and these Terms, the Terms of Business shall prevail.

15.

Trading Points are non-transferable and have no cash value.

16.

The Price+ Scheme does not represent a commitment to provide subsequent Trading Discounts or other savings in the future. The Price+ Scheme is not guaranteed, promised, or otherwise owed to an Eligible Client and can be reversed, removed, or cancelled at any time in CMC Markets' sole discretion.

17.

The Price+ Scheme should not form the basis of any decisions an Eligible Client makes in relation to the Eligible Client's Account activity. Furthermore, the Price+ Scheme is not intended to limit an Eligible Client's liability in respect of the Eligible Client's CFD Margin Trades and/or Bets and may not be used to set off any payment obligation the Eligible Client has to us.

18.

Please note that normal rules and procedures in relation to Account Close-Out will continue to apply, and an Eligible Client should not rely on the Price+ Scheme to prevent an Account Close-Out.

19.

The Price+ Scheme is subject to, and contingent upon, an Eligible Client's compliance with the Terms of Business. In addition to any other rights and remedies we may have, any breach or suspected breach of the Terms of Business will entitle CMC Markets to stop providing the Price+ Scheme immediately and without prior written notice, and/or to reclaim Price+ Scheme Trading Discounts or Trading Points previously applied pursuant to these Terms.

20.

The Price+ Scheme will not be applied in respect of any CFD Margin Trades and/or Bets that are subsequently voided, reversed or cancelled by CMC Markets in accordance with the Terms of Business and related documentation. If the Price+ Scheme has already been applied in respect of any CFD Margin Trades and/or Bets that are subsequently voided, reversed or cancelled by CMC Markets, CMC Markets will reverse the Price+ Scheme Trading Discounts or Points applied in respect of such CFD Margin Trades and/or Bets from an Eligible Client's Account.

21.

All trading across all Accounts will contribute towards an Eligible Client's Trading Points balance, provided the Eligible Client has used the same email address across all its Accounts.

22.

These Terms and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with them shall be governed by, and construed in accordance with, the laws of England and Wales. The courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with these Terms.

For more information, please contact our Client Management team on +44 (0)203 003 8484 or priceplus@cmcmarkets.co.uk

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