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.
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.
|AUD||Banker acceptance bill 1 month|
|CAD||Bankers acceptance bill 1 month|
|CHF||Libor 1 month|
|DKK||Copenhagen interbank offered rate 1 month|
|EUR||Euribor 1 month|
|GBP||Libor 1 month|
|HKD||Hong Kong interbank offered rate 1 month|
|INR||1 month deposit|
|JPY||Libor 1 month|
|NOK||Norwegian interbank offered rate 1 month|
|NZD||Bank bill 1 month|
|SEK||Stockholm interbank offered rate 1 month|
|SGD||Singapore interbank offered rate 1 month|
|USD||Libor 1 month|
A guaranteed stop-loss order (GSLO) works in the same way as a stop-loss order, except it guarantees to close you out of a bet at the price specified, regardless of market volatility or gapping. There's a small premium cost for using GSLOs, but if it's not triggered we'll refund 50% of the original premium.
Here are some examples of GSLO premiums on a selection of our popular spread betting products. This rate can be found on the platform for each applicable product. Learn how GSLO premiums are calculated.
|Product||Spread bet GSLO premium rate||Bet size||GSLO premium1|
|UK 100||1 point||€5/point||€5|
|US 30||1 point||€5/point||€5|
|Germany 30||1 point||€5/point||€5|
|Crude Oil Brent||3 points||€5/point||€15|
1GSLO premium = premium rate x bet size.
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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^We offer competitive monthly cash rebates for clients who trade in high volumes and if you meet our monthly notional value requirements for one asset class, you automatically qualify for monthly rebates for all asset classes; conditions apply.