Spread bet or trade CFDs on our exclusive range of topical share baskets commission-free, and back your view on trending industry sectors, from driverless cars to streaming media. You can also benefit from a 50% reduction in holding costs compared with trading on individual shares.
Trading on share baskets provides a cost-effective way to trade on the financial markets and diversify your investment portfolio, offering the opportunity to gain greater exposure to related shares from one trade.
Trade commission-free on a range of shares in a single trade, avoiding the need to open several positions on individual shares, and save 50% on holdings costs compared with trading on individual shares.
Take a more balanced view and trade across multiple companies from the same sector, giving you greater exposure and cutting the risk of trading on one organisation.
Follow trending markets or sectors and choose from over 15 baskets, including 5G, Automation & Robotics, Cannabis, Gaming, Streaming Media and Renewable Energy.
There are a number of benefits to spread betting and trading CFDs with us.
Take a long or short position on your chosen share basket, and trade on rising or falling prices.
Deposit a percentage of the full value of your position to open a trade.**
CMC Markets is regulated by the Financial Conduct Authority, registration numbers 173730 and 170627.
Trade some markets, such as forex, 24 hours a day (Sunday to Friday) via desktop, mobile or tablet.
Trade on over 9,000 global instruments, including forex, indices, cryptos and commodities.
*Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK
**When trading using margin any losses will reflect the full value of the position
Find the answers to the most-commonly asked questions about trading on share baskets with us. Can’t find what you’re looking for? Get in touch
What is the tiered weight methodology for share baskets?
How much does it cost to open an account?
There’s no cost when opening a live account. You can also view prices and use tools such as charts, Reuters news or Morningstar quantitative equity reports free of charge. You will need to deposit funds in your account to place a trade. View the full list of share baskets on the platform
How does spread betting/trading CFDs on share baskets work?
When you spread bet or trade CFDs on share baskets on our platform, you don’t buy or sell the underlying shares. Instead, you’re taking a position on whether you think the instrument’s price will go up or down.
With spread betting, you buy or sell an amount per point movement for the instrument you’re trading, such as £5 per point. This is known as your stake. With CFD trading, you buy or sell a number of units for a particular instrument. For every point or unit that the price moves in your favour, you gain multiples of your stake, and vice versa.
Do share basket trades attract dividends?
Dividends are cash payments made to shareholders out of a corporation's profits. Typically, corporations will make regular periodic dividend payments throughout the financial year (quarterly, semi-annually or annually) and will therefore be classed as ordinary cash dividends.
When a stock goes ex-dividend, the value of that stock effectively falls by the dividend amount. This means if you hold a spread bet or CFD position on a company which announces a dividend, your account will be credited or debited on the day the stock goes ex-dividend.
If you were long (holding a buy position), you would have been disadvantaged by the drop in the market caused by the pay out of the dividend, so we would credit your account with the dividend amount, less any applicable dividend withholding taxes. If you were short, you would benefit from the drop in the price, so the equivalent amount would be deducted. So, overall, you don't lose or gain anything from the adjustment. There are no withholding taxes on short positions. The dividend will appear as a 'price adjustment' in your account history within the platform.
For share baskets, any ordinary cash dividend events will be treated as a price adjustment within the share basket. On ex-date the share price of the share basket component will decrease by the approximate value of the gross ordinary cash dividend. This will in turn result in an equivalent adjustment to the overall share basket price based on the weighted average of the share basket component. A cash adjustment will then be made to the holder of the share basket for the net ordinary cash dividend value.
Special cash dividends are dividends that are paid outside of the regular periodic dividend payments of a corporation. These are typically one-off payments that are derived from excess funds within a corporation, such as profit or the sale of assets. Any special cash dividend events will be treated as a price adjustment within the share basket. On ex-date, the share price of the share basket component will decrease by the approximate value of the gross special cash dividend value. This will in turn result in an equivalent adjustment to the share basket price based on the weighted average of the share basket component. A cash adjustment will then be made to the holder of the share basket for the net special cash dividend value.
Dividend reinvestment plans (DRIPs) and SCRIP dividend schemes (SCRIPs) are optional dividend events that allow shareholders to choose between receiving their ordinary cash dividends in the form of a cash dividend payment or alternatively re-investing the cash dividend back into shares in the corporation from which the dividend originated, with the shareholders then receiving new shares in place of the cash dividend payment. Any optional dividend event will be treated as an ordinary cash dividend event and will therefore result in a price adjustment within the share basket. On ex-date the share price of the share basket component will decrease by the approximate value of the gross dividend value. This will in turn result in an equivalent adjustment to the share basket price based on the weighted average of the share basket component. A cash adjustment will then be made to the holder of the share basket for the net dividend value. View our share baskets methodology
What are the costs involved in trading share baskets?
There are a number of costs to consider when trading on share baskets, including spread costs, holding costs (for trades held overnight) and guaranteed stop-loss order charges (if you use this risk-management tool).
The spread is the key cost involved in spread betting and CFD trading, and is the difference between the buy and sell price of an instrument. The narrower the spread, the better value you receive, because the market only has to move slightly in your favour to offer the possibility of a profit on your trade.
Some trades held open past the end of the trading day (5pm, New York time) are subject to holding costs, which can be positive or negative depending on your trade direction and the applicable holding rate. Holding costs for share baskets are based on the underlying interbank rate for the instrument, plus 0.0041% on buy positions or minus 0.0041% on sell positions.
You can add a guaranteed stop-loss order (GSLO) to your trade, which guarantees to close you out at your specified level, regardless of market volatility or gapping. A cost is applied for using a GSLO, but if it's not triggered we'll refund 100% of the original GSLO charge. The charge, or ‘premium’, is calculated by multiplying the premium rate by the trade size.
Where do your prices come from?
Our automated pricing engine collates and checks thousands of prices per second as streamed from our liquidity providers. The best and most representative price is then used to create the quotes on our platform. Learn more
How does CMC make money?
Our income comes mainly from our spreads, while other fees – such as overnight holding costs – make a minor contribution to overall revenue.
We never aim to profit from clients’ losses. Our aim is to build long-term relationships with our clients by providing the best possible trading experience, through our technology and customer service.
Our clients usually offset each other’s trades, with some going long on a particular instrument while others are short. In this way, CMC Markets isn’t exposed to the profits or losses of clients trading that instrument. Occasionally, if a large number of our clients all trade in the same direction, we hedge in the underlying market to protect our exposure to risk.
Why spread betting?
Spread betting allows you to trade tax-free on a wide range of financial markets 24 hours a day, from Sunday nights through to Friday nights. Trade on your phone, tablet, PC or Mac on a wide range of instruments using leverage. Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK.
What is leveraged trading?
One of the advantages of spread betting and CFD trading is that you only need to deposit a percentage of the full value of your position to open a trade, known as trading on leverage. Remember, trading on leverage can also amplify losses, so it’s important to manage your risk. Learn more
Is CMC Markets regulated by the FCA?
Yes, CMC Markets plc (registration number 173730) and CMC Spreadbet plc (registration number 170627) are fully authorised and regulated by the Financial Conduct Authority (FCA) in the UK. Retail client money is held in segregated client bank accounts and money held on behalf of clients is distributed across a range of major banks, which are regularly assessed against our risk criteria.
Is CMC Markets covered by the FSCS?
Yes, your eligible deposits with CMC Markets are protected up to a total of ££85,000 by the Financial Services Compensations Scheme (FSCS), the UK’s deposit guarantee scheme. If CMC Markets ever went into liquidation, retail clients would have their share of segregated money returned, minus the administrators’ costs in handling and distributing these funds. Any shortfall of funds up to ££85,000 may be compensated under the FSCS.
What can I trade?
Spread bet or trade CFDs on wide range of share baskets, covering trending themes like cyber security, driverless cars, 5G, gaming, streaming and mobile payments. You can also trade a wide range of cash and forward instruments across the following asset classes:
300+ forex pairs –EUR/GBP, EUR/USD, AUD/USD, GBP/USD,
USD/JPY and more
60+ indices –UK 100, Germany 30, US 30, US SPX 500, Australia 200
90+ commodities – including Gold, Brent and West Texas crude oil, Silver, Natural Gas
8,500+ shares –Apple, Netflix, Lloyds, Rio Tinto, BP, Tesco, Amazon, Google and more
15 cryptocurrencies – including bitcoin, bitcoin cash, ethereum, litecoin and ripple
30+ treasuries – including UK Gilt, Euro Bund, Euribor, US T-Bond, US T-Note 10 YR
Do you offer a demo account?
If you want to try trading on shares baskets risk-free, you can open a demo account now with just your email address and a password.
Complete and submit our online application form. Apply now
Deposit funds with a debit card, PayPal or bank transfer.
Once you’ve funded your new account you’re ready to start trading.
Trade on FX, indices, cryptos, commodities, shares and treasuries from a single account.
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