78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Spread betting costs & considerations

Learn about the costs involved in spread betting, plus other useful factors to consider
before you get started.

  • Transparent
    pricing
  • Competitive
    spreads
  • Award-winning
    provider*

Spread betting costs explained

Some of the costs involved in spread betting depend on the way in which you trade. We provide competitive, transparent pricing without hidden costs. Learn more about each of the potential costs of spread betting via the menu on the left below.

  • Spreads
  • Holding costs
  • Rollover costs
  • Guaranteed stop-loss order charge
  • Account inactivity charge

Spreads

The spread is the key cost involved in spread betting, 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 spread bet. 

We offer spreads on key FX pairs like EUR/USD from 0.7 points, 1 point on major indices like the UK 100, and 0.3 points on Gold.


Spreads on popular instruments

  • FOREX
  • Indices
  • Cryptocurrencies
  • Commodities
  • Shares
  • Treasuries
  • InstrumentMinimum spread (pts)**
    Germany 301
    UK 100 1
    US 301.6
  • InstrumentMinimum spread (pts)**
    BITCOIN/USD50
    ETHEREUM/USD5
    BITCOIN CASH/USD9
  • InstrumentMinimum spread (pts)**
    Crude Oil Brent3
    Crude Oil West Texas3
    Gold0.3
  • InstrumentMinimum spread**
    Apple2 cents
    Lloyds Banking Group0.10%1
    Tesco0.10%1
  • InstrumentMinimum spread (pts)**
    Euro Bobl2
    UK Gilt2
    US T-Bond3

1We build an additional spread into the share prices we display on our spread betting platform, applicable on execution of any order. ​This may vary depending on the country of the stock you are spread betting on.

Holding costs

Some spread bets 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 shares and indices are based on the underlying interbank rate for the instrument, plus 2.5% on buy positions or minus 2.5% on sell positions.

CurrencyInterbank rate
AUDOne month bankers acceptance bill
CADOne month bankers acceptance bill
CHFOne month Libor
DKKOne month Copenhagen interbank offered rate
EUROne month Euribor
GBPOne month Libor
HKDOne month Hong Kong interbank offered rate
INROne month deposit
JPYOne month Libor
NOKOne month Norwegian interbank offered rate
NZDOne month bank bill
SEKOne month Stockholm interbank offered rate
SGDOne month Singapore interbank offered rate
USDOne month Libor
ZAROne month deposit

Rollover costs

You are able to roll forward positions over to keep a trade open beyond its expiry date. When you roll a forward position to the next contract, your profit or loss is realised and you enter the new trade at the mid-price, saving 50% on the spread cost.    

Key rollover dates

Expiry dateThe last possible date that a forward trade will automatically expire 
Last rollover dateThe last possible date that a forward trade can be manually rolled over or set to auto rollover
Last trade opening dateThe last possible date and time at which you can enter into or extend a bet or modify an existing order (including a pending order) on a particular forward

Guaranteed stop-loss order charge

As part of our risk management solution, 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 bet size.

GSLO premium examples

ProductSpread bet GSLO premium rateBet sizeGSLO premium
UK 1001 point£5/point£5
US 301.5 points
£5/point£7.50
Germany 301.5 points
£5/point£7.50
EUR/USD1 point£5/point£5
GBP/USD1.5 points£5/point£7.50
Gold0.3 points£10/point£3
Crude Oil Brent2 points£5/point£10

Account inactivity charge

There's a monthly charge of £10 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 two years.

Other considerations

In addition to the costs associated with spread betting, listed above, there are a few more potential factors to consider.

  • Cash Rebates
  • Corporate actions
  • Margin Rates
  • Tax on US share trades

Cash rebates (professional clients only)

If you spread bet on indices, forex or commodities in high volumes, you could be eligible to receive a monthly cash rebate^. In our 2017-18 financial year, we paid out £15.7 million in cash rebates to our clients globally.

Corporate actions

A corporate action – such as a dividend, stock split or right issue – is an event which has a material effect on a company’s share price, and should you have an open position in that stock, could also affect your position and account balance.

Margin rates

One of the advantages of spread betting is that you only need to deposit a percentage of the full value of your position, giving you greater exposure without paying the full costs upfront. You should keep in mind however, that both profits and losses are relative to the full value of your position, and you could lose more than your deposit.

Tax on US share trades

If you spread bet on US shares, there’s a simple form (W8-BEN) you should complete to ensure you don’t pay too much tax on dividend income.

The US Internal Revenue Service (IRS) has regulations in place to make sure that foreign holders of US equity derivatives, including spread bets, are taxed on dividend income in the same way as foreign holders of the underlying equities.

If you spread bet on US shares, please complete the form to confirm your country of residence for tax purposes. Simply download the form, enter your details, print and sign it, then email it to: clientmanagement@cmcmarkets.co.uk.

How to fill in the W8-BEN form >

Advanced pricing technology

Discover where our spread betting prices come from and how we endeavour to find the best available price, and learn the differences in pricing between cash and forward instruments, and in- versus out-of-hours trading.

More on pricing >

A global financial services provider

CMC Markets

Worldwide presence

We have offices across 14 countries and more than 59,000 active clients. (2017-18).

CMC Markets

Protection of funds

Retail client money is held in segregated client bank accounts in line with regulatory obligations.

CMC Markets

Heritage

Listed on the London Stock Exchange and founded nearly 30 years ago, we’re an established industry pioneer.

Award-winning platform & apps

Open a spread betting account on your iPhone, iPad, Android device or desktop computer to start trading on our award-winning platform and apps now*.

*Awarded Best Platform Features, Best Mobile Phone/Tablet App, ranked highest for Charting and Spreads, based on highest user satisfaction among spread betters, CFD and FX traders, Investment Trends 2018 UK Leverage 
**A minimum spread is the lowest spread that will be shown for an instrument. If the underlying market spread widens throughout the trading day, or you are trading out of hours, the platform spread may also widen. The spreads shown are for the first price available for the average market trade/bet sizes in the relevant instrument. The spread will widen for larger trade/bet sizes; see our platform for more information. This data is provided for general information only and may not be current. Please refer to the product overview area of our trading platform for real-time information on the spreads, margin rates, commission (as applicable) and trading hours of a particular instrument. ​Please note that the change in price that results in a P&L change equal to your stake size is represented by the last large digit in the price shown on the platform.​
^Conditions apply​​.​

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.