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Charges FAQs

What is the starting date for the dormant account fee?

The dormant account fee takes effect from 1 July 2019.

If I don’t have any funds in my account, will I still be charged?

No, you will not go into a negative balance if you do not have enough funds. Your account balance will go to zero.

What are borrowing costs?

When you place a trade with CMC Markets and use any optional financing you will incur a borrowing cost. The transaction borrowing cost is the cost of ‘borrowing’ the value of the unfunded portion of a trade. We calculate the rate applicable to the Borrowing Cost with reference to interbank lending rates. The borrowing cost is only applicable to trades on the following product types: Indices, shares and commodities. For full details please refer to our CMC Next Generation PDS.

Where does your holding cost on FX come from?

The 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 1% CMC Markets charge added.  Learn more about holding costs.

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.

How much will I be charged if I don’t trade on my account for over 12 months?

We will be charging a dormancy fee if there has been no trading activity for a continuous period of 12 months.

The fee charged is based on your account currency as follows:

Account currency

Monthly inactivity fee





What are carrying costs?

CMC Markets products are priced with reference to underlying assets. Investing directly in such assets carries an associated cost of physically holding those assets for a period of time. For instance, if you buy futures on crude oil, someone has to store that oil until the delivery date. The carrying cost represents the cost involved in holding an asset. The carrying cost is only applicable to trades on the following product types: Commodities and currencies. For full details please refer to our CMC Next Generation PDS.

How do I close my CFD account?

In order to close your CFD trading account, please email us on support@cmcmarkets.co.nz from your registered email address instructing us to do so.
Note: Please ensure all open positions are closed and all funds are withdrawn prior to sending the email.

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 ‘Is there a dormant account inactivity charge?' 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. For spread betting, we add an additional spread into the price of the product you trade.

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’.

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.

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