Discover the costs associated with trading CFDs across all products, including spreads, margins, and overnight holding fees.
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Our costs explained
There are various costs and charges to consider when trading CFDs, including holding costs, commissions, market data fees and other potential charges. Explore each of these costs in more detail below.
- Holding costs
- Commissions
- Market data fees
- Guaranteed stop-loss order charges
- Dormant account charges
Holding costs
At the end of each day (5pm New York time), 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.
Holding costs for 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 share CFDs, holding costs 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.
FX holding costs are based on the tom-next (tomorrow to next day) rate in the underlying market for the currency pair.
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 and commodity indices are calculated via a weighted sum of the constituents' holding cost rates, plus CMC's fee on buy positions or minus CMC's fee 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.
Share CFD commissions
Share CFDs attract a commission charge each time you enter and exit a trade. This charge varies depending on the country where the share product originates.
Country/market | Commission charge | Minimum commission charge |
|---|---|---|
UK | 0.08% | GBP 9.00 |
US | 2 cents per unit | USD 10.00 |
Australia | 0.09% | AUD 7.00 |
Austria | 0.10% | EUR 9.00 |
Belgium | 0.10% | EUR 9.00 |
Canada | 2 cents per unit | CAD 10.00 |
Denmark | 0.10% | DKK 90.00 |
Finland | 0.10% | EUR 9.00 |
France | 0.10% | EUR 9.00 |
Germany | 0.10% | EUR 9.00 |
Hong Kong | 0.18% | HKD 50.00 |
Ireland | 0.10% | EUR 9.00 |
Italy | 0.10% | EUR 9.00 |
Japan | 0.10% | JPY 1,000 |
Netherlands | 0.10% | EUR 9.00 |
New Zealand | 0.10% | NZD 7.00 |
Norway | 0.10% | NOK 79.00 |
Portugal | 0.10% | EUR 9.00 |
Singapore (SGD) | 0.10% | SGD 10.00 |
Singapore (USD) | 0.10% | USD 10.00 |
Spain | 0.10% | EUR 9.00 |
Sweden | 0.10% | SEK 89.00 |
Switzerland | 0.10% | CHF 9.00 |
For non-US, non-CA 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 the prevailing CMC Markets currency conversion rate.
Compare spreads, holding costs and margins across CFD markets
When trading on leverage, you will need to consider various costs, including the spread, margin, and overnight fees. Additionally, you will need to take into account other potential charges and factors that may affect your trading costs, as detailed below.
- Forex
- Indices
- Commodities
- Shares
- Treasuries
- Cryptocurrencies
Product |
|---|
- |
- |
- |
- |
- |
Min spread | Holding cost (buy) | Holding cost (sell) | Margin rate |
|---|---|---|---|
- | -% | -% | -% |
- | -% | -% | -% |
- | -% | -% | -% |
- | -% | -% | -% |
- | -% | -% | -% |
Pricing is indicative. Past performance is not a reliable indicator of future results. Client sentiment is provided by CMC Markets for general information only, is historical in nature and is not intended to provide any form of trading or investment advice - it must not form the basis of your trading or investment decisions. Number of instruments available on MT4 may vary.
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CFD trading charges
Frequently asked questions
What is the starting date for the dormant account fee?
The dormant account fee is applied 12 months after inactivity on the account.
What are the costs that I need to be aware of when trading with CMC Markets?
The list of costs and charges below is not exhaustive. Please see our CFD holding costs page for a more comprehensive explanation of our GSLO premiums, margins, etc. Please see the pricing page for more information on our dormant account charges.
Spread: the difference between the current buy price and the current sell price is referred to as the spread. This is shown as a number of points based on the last large number within the price quote.
Overnight holding costs: at the end of each trading day at 5pm (New York time), any cash positions held in your account may be subject to a charge called a 'holding cost'. The holding cost can be positive or negative depending on the direction of your position. Historical holding rates, expressed as an annual percentage rate, are visible on our platform within the overview section of each product. This annual percentage is applied to the notional value of your trade when it was opened, and divided by 365 for the one night cost. Learn how we calculate CFD holdings costs.
Commission charges: when trading CFD shares on our platform, a commission will be charged to your account upon execution of any order. See our commission rates.
Market data feeds: in order to view share prices on our platform, you will need to activate the relevant market data feed for the region in which the products you wish to see are traded.
Monthly subscription charges may apply depending on your market data classification and the type of account you hold, details of the charges can be found on the platform in the ‘market data’ section in ‘user preferences’.
What are holding costs?
When you place a trade with CMC Markets and use any optional financing you will incur a holding cost. The transaction holding cost is the cost of ‘holding’ the value of the unfunded portion of a trade. We calculate the rate applicable to the Holding Cost with reference to inter-bank lending rates. The holding cost is only applicable to trades on the following product types: Indices, shares and commodities. For full details please refer to our Product Disclosure Statement and other related documents.
Am I charged commission for trading shares?
Commission is only applicable for share trading on a CFD account. It's taken out of the cash balance on your account at the open and the close of a position. Learn more about our commission charges.
How are holding costs on CFD assets calculated?
The overnight holding rate used when calculating the applicable holding costs on FX comes from the tom-next rate, which is the difference between the two currencies’ interest rates, with an additional 0.0027% CMC Markets charge added. Learn more about CFD holding costs.
Please note, you'll be charged holding costs for three days on either a Wednesday, Thursday or Friday (EST), depending on the currency pair, as shown in the table below.
| USD/CAD, USD/TRY, TRY/CAD, CAD/TRY | All other FX pairs, FX indices, Gold, Silver, Precious Metals Index | All other CFD assets |
Monday 5pm EST | x1 Holding Cost rate | x1 Holding Cost rate | x1 Holding Cost rate |
Tuesday 5pm EST | x1 Holding Cost rate | x1 Holding Cost rate | x1 Holding Cost rate |
Wednesday 5pm EST | x1 Holding Cost rate | x3 Holding Cost rate | x1 Holding Cost rate |
Thursday 5pm EST | x3 Holding Cost rate | x1 Holding Cost rate | x1 Holding Cost rate |
Friday 5pm EST | x1 Holding Cost rate | x1 Holding Cost rate | x3 Holding Cost rate |
What are market data subscriptions for share CFDs?
If you want to trade a share CFD or view the price data for that share, you will need to activate the market data subscription for the applicable country or group of countries that the share product is based in. Depending on the subscription, there may be a monthly fee for the market data subscription and the monthly fee will differ, depending on which country and/or countries the share CFDs relate to. The monthly fee, if applicable, will be debited from your account at the time you activate a market data feed. Please note that the market data fee for the full calendar month will be charged, irrespective of whether you activate or deactivate the market data subscription part way through the calendar month.
In addition to the market data fee, local taxes and duties may also be charged. The market data fees will be converted into your account currency at our prevailing currency conversion rate before being debited from your account.
It's your responsibility to ensure that you have sufficient funds in your account to pay any market data fee in full.
If I don’t trade on my account for 12 months, when will I be charged this fee?
The dormant account fee will normally be charged within three business days of the following calendar month after 12 months of no trade activity.
How do I calculate the holding cost for my trades?
The first step is to establish the holding rate for the instrument you are trading. Holding rates can be found within the trading platform by selecting ‘Library’ from the main menu (which displays the full list of products), then select the arrow icon next to the specific product which will bring up a sub-menu. Choose ‘Product Overview’ on the sub-menu to bring up the holding rate details.
To calculate your holding rate:
Take your total trade value using the end of day price (calculated by multiplying your position size by the opening price), which is displayed in the order ticket when you enter a quantity.
Multiply that by the holding cost percentage (which can change each day) shown in the product overview to get your annualised holding fee.
Divide this number by 365 to calculate your daily cost in the product’s traded currency.
What happens if I start trading again after I get charged?
If you activate your dormant account by trading again, the inactivity fee will be rebated for up to three months. The funds will be credited back to your trading account.
What do CMC Markets charge on converting foreign currency profit or loss into my home currency?
Your account will be in your home currency. All positions are opened in US dollars and converted to NZD at the prevailing level 1 mid price for the exchange rate +/- 0.6%