Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.

CFD trading costs

As well as spreads, commissions and margins, there are some other costs to consider. These depend on how long you hold positions open for, which products you trade and your approach to risk management.

CurrencyRisk-free / interbank rate
AUDOne month bankers acceptance bill
CADOne month bankers acceptance bill
CHFSARON
DKKOne month Copenhagen interbank offered rate
EURESTER
GBPSONIA
HKDOne month Hong Kong interbank offered rate
INROne month deposit
JPYTONAR
NOKOne month Norwegian interbank offered rate
NZDOne month bank bill
SEKOne month Stockholm interbank offered rate
SGDSORA
USDSOFR

Holding costs

At the end of each day (5pm New York time), your open CFD trading positions may be subject to a charge called a holding cost. The holding cost can be positive or negative depending on whether you are long or short. Forward contracts on indices, forex, commodities and treasuries are not subject to holding costs.

Overnight holding costs for indices are based on the underlying risk-free or interbank rate of the index (see table) plus 0.0082% on buy positions and minus 0.0082% on sell positions.

For share CFDs, overnight holding costs are based on the underlying risk-free or interbank rate for the currency of the relevant share (see table) plus 0.0082% on buy positions and minus 0.0082% on sell positions.

Overnight holding costs for cryptocurrencies are calculated in line with our existing instruments. Daily holding costs for Bitcoin/USD are charged at 0.0959% on long positions, and paid at 0.0274% on short positions. Overnight holding costs for most other cryptocurrencies are charged at 0.0753% on long positions, and paid at 0.0274% on short positions.

FX holding costs 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 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.

Holdings costs for share baskets, forex indices, commodity indices and crypto indices are calculated via a weighted sum of the constituents' holding cost rates, plus CMC's haircut on buy positions or minus CMC's haircut on sell positions.

Please note this information has been provided for reference, and the rates may not match exactly if recalculated. If you have any questions, please contact our client services team.

 More on holding costs

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Market data fees

To view the prices for Australian and Hong Kong share CFDs on the platform, you will need to activate the relevant market data subscription. There is a monthly fee, which is refunded if you execute two or more trades under the same subscription during the subscription period, which usually runs from the first day of the month until the first day of the following month.​

Please note that, where fees apply, local taxes and duties may also be charged. The taxes included represent 20% VAT, on the basis that you are a resident in the UK. Non-residents will be charged VAT based on their country of residence.

 More on market data fees

MarketCurrencyMarket data fee (excl tax) 
AustraliaAUD20.00
Hong KongHKD120.00
Austria, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Poland, Portugal, Singapore, Spain, Sweden, Switzerland, UK, USVarious0.00

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 trade size (units). Amounts are automatically converted into your home currency using the prevailing CMC Markets conversion rate.

Indices

For example, if you go long 5 units of the UK 100, the GSLO premium would be £5 (£1 x 5 units). If you close the trade yourself, a take–profit is triggered or you remove the GSLO, the £5 premium will be refunded in full.

InstrumentCFD GSLO premium rate
UK 100£1 per unit
US 30$1.50 per unit
Germany 40€1.50 per unit

Forex

For example, if you go short 50,000 units of GBP/USD, the GSLO premium would be $7.50 ($0.00015 x 50,000 units). If you close the trade yourself, a take–profit is triggered or you remove the GSLO, the $7.50 premium will be refunded.

InstrumentCFD GSLO premium rate
GBP/USD$0.00015 per unit
EUR/GBP£0.0002 per unit

Commodities

For example, if you go long 600 units of Crude Oil Brent, the GSLO premium would be $12 ($0.02 x 600 units). If you close the trade yourself, a take–profit is triggered or you remove the GSLO, the $12 premium will be refunded.

InstrumentCFD GSLO premium rate
Crude Oil Brent$0.02 per unit
Gold$0.3 per unit

Shares

For example, if you go long 4,500 units of Vodafone, the GSLO premium would be £22.50 (£0.005 x 4,500 units). If you close the trade yourself, a take–profit is triggered or you remove the GSLO, the £22.50 GSLO premium will be refunded.

InstrumentCFD GSLO premium rate
Vodafone£0.005 per unit
Apple$0.41 per unit



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