**The calculator uses historical pricing and holding cost data to estimate what it would cost to enter, hold, and close a contract for difference (CFD) position over the selected time period. It then compares these estimated costs against the estimated costs that would be incurred by entering, holding, and closing a Spectre spread bet position on the same underlying instrument in a Spectre account over the same period. The calculator compares holding costs and FX conversion fees normally applicable to a CFD position against the Spectre product fees and provides an indication of the potential capital gains tax savings that may arise when closing a Spectre position. All calculations and outputs are illustrative only, are based on user input assumptions, and may not reflect actual market conditions, costs, or tax outcomes. CMC Markets makes no representation or warranty as to the accuracy, completeness, or suitability of the results produced by this calculator. Past performance or illustrative savings are not indicative of future results. You should not rely solely on this calculator when making investment or tax-related decisions. Independent financial, tax, or legal advice should be obtained where appropriate. We're not responsible for any investment decisions that you make. Spectre products carry a high level of risk to your capital. Tax treatment depends on individual circumstances and may change or differ by jurisdiction.