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Account applications FAQs
Getting started FAQs
Funding and withdrawals FAQs
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 do I know if I am classified as a 'private investor' or 'non-private investor' for market data purposes?
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:
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’.
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.
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:
Monthly inactivity fee
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 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 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’.
How do I close my CFD account?
In order to close your CFD trading account, please email us on firstname.lastname@example.org 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.
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.