CFD trading costs

As well as spreads 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.

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Currency Interbank rate
AUD One month banker acceptance bill
CAD One month bankers acceptance bill
CHF One month Libor
DKK One month Copenhagen interbank offered rate
EUR One month Euribor
GBP One month Libor
HKD One month Hong Kong interbank offered rate
INR One month deposit
JPY One month Libor
NOK One month Norwegian interbank offered rate
NZD One month Bank bill
SEK One month Stockholm interbank offered rate
ZAR One month deposit
SGD One month Singapore interbank offered rate
USD One month Libor

Holding costs

At the end of each trading 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. Indices, forex, commodity and treasury forward contracts 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 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.

 More on holding costs

 

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Market data fees

To view the prices for Australian, Italian, Norwegian and UK 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 include 10% GST.

 More on market data fees

Market Currency Market data fee (incl. tax) 
Australia AUD 20.00
Hong Kong HKD 120
Austria, Canada, Denmark, Finland, France, Germany, Ireland,  Italy, Japan, Netherlands, New Zealand,  Norway, Poland, Portugal, Singapore, Spain,  Sweden, Switzerland, UK, USA Various 0.00

Commission

Share CFDs attract a commission charge each time you enter and exit a trade. The commission charge varies depending on the country where the share product originates. 

View our share commisson examples


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. 

Product CFD GSLO premium rate Trade size GSLO premium1, 2
UK 100 1 GBP per unit 5 units NZD9.79
US 30 1.50 USD per unit 5 units NZD6.61
Germany 30 1.50 EUR per unit 5 units NZD7.02
EUR/USD 0.0001 USD per EUR €50,000 NZD5.27
GBP/USD 0.00015 USD per GBP £50,000 NZD5.27
Gold 0.3 USD per unit 10 units NZD3.96
Crude Oil Brent 0.02 USD per unit 100 units NZD3.96

1GSLO premium = premium rate x trade size.
2Amounts are automatically converted into your home currency using the prevailing CMC Markets conversion rate.​

Example GSLO premiums

These are some examples of GSLO premiums on a selection of our popular products. This rate can be found on the platform for each applicable product. Learn how GSLO premiums are calculated.

 More on GSLOs


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