Holding costs
At the end of each trading day (5pm New York time), positions held in your spread betting account may be subject to a holding cost, which can be positive or negative depending on the direction of your position and the applicable holding rate.
Holding rates for spread betting on 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.
Holding rates for spread betting on cryptocurrencies are calculated in line with our existing instruments. Overnight holding costs for Bitcoin/USD are 0.0685% on long positions, and minus 0.0137% on short positions. Overnight holding costs for Ethereum/USD are 0.0753% on long positions, and minus 0.0274% on short positions.
For spread betting on shares, holding rates 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.
Spread bet FX holding rates 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 spread betting on 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.
Indices, forex, commodity and treasury forward contracts are not subject to holding costs.
| Currency | Interbank rate |
|---|---|
| AUD | One month bankers acceptance bill |
| CAD | One month bankers acceptance bill |
| CHF | One month Libor |
| DKK | One month Copenhagen interbank offered rate |
| EUR | One month Euribor |
| GBP | One month Libor |
| HKD | One month Hong Kong interbank offered rate |
| INR | One month deposit |
| JPY | One month Libor |
| NOK | One month Norwegian interbank offered rate |
| NZD | One month bank bill |
| SEK | One month Stockholm interbank offered rate |
| SGD | One month Singapore interbank offered rate |
| USD | One month Libor |
| ZAR | One month deposit |
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Guaranteed stop-loss order charges
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.
GSLO premium examples
The GSLO premium can be calculated in the following way: Premium Rate x Bet Size (£/point). Amounts are automatically converted into your home currency using the prevailing CMC Markets conversion rate.
Indices
For example, if you go long £5/point on the UK 100, the GSLO premium would be £5 (1 x £5/point). If you close the trade yourself, a take–profit is triggered or you remove the GSLO, the £5 premium will be refunded in full.
| Instrument | GSLO premium rate |
|---|---|
| UK 100 | 1 point |
| US 30 | 1.5 points |
| Germany 30 | 1.5 points |
Forex
For example, if you go short £2/point on GBP/USD, the GSLO premium would be £3 (1.5 x £2/point). If you close the trade yourself, a take–profit is triggered or you remove the GSLO, the £3 premium will be refunded.
| Instrument | GSLO premium rate |
|---|---|
| GBP/USD | 1.5 points |
| EUR/GBP | 2 points |
Commodities
For example, if you go long £6/point on Crude Oil Brent, the GSLO premium would be £12 (2 x £6/point). If you close the trade yourself, a take–profit is triggered or you remove the GSLO, the £12 premium will be refunded.
| Instrument | GSLO premium rate |
|---|---|
| Crude Oil Brent | 2 points |
| Gold | 0.3 points |
Shares
For example, if you go long £45/point on Vodafone, the GSLO premium would be £22.50 (0.5 x £45/point). If you close the trade yourself, a take–profit is triggered or you remove the GSLO, the £22.50 GSLO premium will be refunded.
| Instrument | GSLO premium rate |
|---|---|
| Vodafone | 0.5 points |
| Apple | 41 points |
Is there a dormant account inactivity charge?
A monthly inactivity charge of £10 (or its equivalent in another currency) will be deducted per dormant account where funds are available. An account shall be considered dormant if there are no open positions and there has been no other trading activity for a continuous period of two years.
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:
1. The account is closed by the client or CMC Markets;
2. Trading activity recommences on the account; or
3. 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.
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