Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 commission rates explained

When trading share CFDs on our trading platform, a commission is charged to your account once an order is executed.

We've put together a few examples below to show you how commission is calculated on share CFDs. The commission rates can be found in the table below.

## Spanish share examples

The commission rate on a Spanish share CFD is 0.10%, subject to a minimum commission charge of €9.00.

A 2500 unit trade in Banco Santander at a price of 5.20 would incur a commission of €13.00 based on the following calculation:

2500 (units) x 5.20 (price) = €13,000 x 0.10% €13.00

But a 1000 unit trade in Banco Santander at a price of 5.20 would incur a minimum commission charge of €9.00 based on the following calculation:

1000 (units) x 5.20 (price) = €5,200 x 0.10% = €5.20

Since the actual commission on this trade is less than our €9.00 minimum commission charge, we have instead applied the minimum commission charge of €9.00.

## US share example

The commission for a US share is 2 US cents per share, subject to a minimum commission charge of US\$10.

So a 600 unit trade in Caterpillar at a price of 80.95 would incur a commission of \$12.00 based on the following calculation:

600 (units) x \$0.02 (commission charge per unit) = \$12.00

But a 300 unit trade in Caterpillar at a price of 80.95 would incur a minimum commission charge of \$10.00 based on the following calculation:

300 (units) x \$0.02 (commission charge per unit) = \$6.00

The actual commission on this trade is less than the \$10.00 minimum commission charge on US share CFDs, so instead the minimum commission charge of \$10.00 is applied.

## Share CFD commission charges

Country / Market Commission charge Charge currency Minimum commission charge
UK 0.10% GBP GBP 9.00
US 2 cents per unit USD USD 10.00
Australia 0.10% AUD AUD 7.00
Austria 0.10% EUR EUR 9.00
Belgium 0.10% EUR EUR 9.00
Denmark 0.10% DKK DKK 90.00
Finland 0.10% EUR EUR 9.00
France 0.10% EUR EUR 9.00
Germany 0.10% EUR EUR 9.00
Hong Kong 0.18% HKD HKD 50.00
Ireland 0.10% EUR EUR 9.00
Italy 0.10% EUR EUR 9.00
Japan 0.10% JPY JPY 1,000
Netherlands 0.10% EUR EUR 9.00
New Zealand 0.10% NZD NZD 7.00
Norway 0.10%  NOK NOK 79.00
Poland 0.18% PLN PLN 50.00
Portugal 0.10% EUR EUR 9.00
Singapore (SGD) 0.10% SGD SGD 10.00
Singapore (USD) 0.10% USD USD 10.00
Spain 0.10% EUR EUR 9.00
Sweden 0.10% SEK SEK 89.00
Switzerland 0.10% CHF CHF 9.00

For non-US shares, the commission is calculated as a percentage charge of the value of the order. Commissions on US shares are charged at 2 cents per share.

All commission charges will be converted to your account currency at our prevailing currency conversion rate.

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