Charges FAQs

We will be charging an inactivity fee if there has been no trading activity for a continuous period of 12 months. The fee will normally be charged within three business days of the following calendar month after 12 months of no trade activity.

The fee is based on your account currency as follows:

The inactivity fee takes effect from 1 July 2019.

If you do not have enough funds, you will not go into a negative balance. Your account balance will go to zero.

This depends on the information you provided in your application form. You are classified as a 'non-private investor' for market data purposes if you meet one or more of the following conditions:

• You are not a natural person (meaning that you are not an individual)
• You access and use the market data and similar information for a commercial purpose or as a principal, officer, partner, employee or agent of any business or in connection with the professional management of third-party assets and not solely in an individual and personal capacity for your own personal investment activities
• You are a financial institution or are registered with a securities agency, regulatory or self-regulatory body
• You are engaged in a financial service business and are employed as a financial adviser for the purposes of your agreement and trading activities with CMC Markets
• You engage in the business of accessing or aggregating the market data or similar information and redistributing or otherwise furnishing that information to any third parties

If any of these apply to you and you subscribe to any market data price feeds for share CFDs, you will be charged the 'non-private investor' rate, which may be higher than the 'private investor' rate. Details of the charges can be found on the platform in the 'market data' section in 'user preferences'.

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 0.0014% 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 or a Thursday, depending on the currency pair, as shown in the table below.

The list of costs and charges below is not exhaustive. Please see our CFD holdings costs page for a more comprehensive explanation of our GSLO premiums, margins, etc.

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'.

In order to close your CFD trading account, please email us on info@cmcmarkets.com.sg 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.

An ADR fee, also called a depositary service fee, is a charge that the issuing bank collects from ADR holders to cover the costs of managing the ADR program, it is not a fee imposed by CMC Markets. This fee is typically deducted from dividend payments or charged annually. It is reflected on your statement as "ADR Issuance fee". While the fee amounts vary, they generally range from $0.01 to $0.05 per share and are disclosed in the ADR's documentation provided by the relevant depositary bank.

ADR fee calculation and example

ADR fee:
Number of Shares held x Rate applied by depositary bank

Example:
If you hold 100 Shares and the rate applied is $0.02 the charge would be $2

If you have any queries about the 'ADR Issuance' fee please contact our client services team: clientmanagement@cmcmarkets.co.uk or +44 (0)20 7170 8200