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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CurrencyInterbank rate
AUDOne month bankers acceptance bill
CADOne month bankers acceptance bill
CHFOne month Libor
DKKOne month Copenhagen interbank offered rate
EUROne month Euribor
GBPOne month Libor
HKDOne month Hong Kong interbank offered rate
INROne month deposit
JPYOne month Libor
NOKOne month Norwegian interbank offered rate
NZDOne month bank bill
SEKOne month Stockholm interbank offered rate
SGDOne month Singapore interbank offered rate
USDOne month Libor
ZAROne month deposit

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 and Hong Kong 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 included represent 20% VAT, on the basis that you are a resident in the UK. Non-residents will be charged VAT based on their country of residence.

 More on market data fees

MarketCurrencyMarket data fee (incl. tax) 
AustraliaAUD20.00
Hong KongHKD120.00
Austria, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Poland, Portugal, Singapore, Spain, Sweden, Switzerland, UK, USVarious0.00

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.

GSLO premium examples

The GSLO premium can be calculated in the following way: premium rate x trade size (units). Amounts are automatically converted into your home currency using the prevailing CMC Markets conversion rate.

Indices

For example, if you go long 5 units of the UK 100, the GSLO premium would be £5 (£1 x 5 units). If you close the trade yourself, a take–profit is triggered or you remove the GSLO, the £5 premium will be refunded in full.

InstrumentCFD GSLO premium rate
UK 100£1 per unit
US 30$1.50 per unit
Germany 30€1.50 per unit

Forex

For example, if you go short 50,000 units of GBP/USD, the GSLO premium would be $7.50 ($0.00015 x 50,000 units). If you close the trade yourself, a take–profit is triggered or you remove the GSLO, the $7.50 premium will be refunded.

InstrumentCFD GSLO premium rate
GBP/USD$0.00015 per unit
EUR/GBP£0.0002 per unit

Commodities

For example, if you go long 600 units of Crude Oil Brent, the GSLO premium would be $12 ($0.02 x 600 units). If you close the trade yourself, a take–profit is triggered or you remove the GSLO, the $12 premium will be refunded.

InstrumentCFD GSLO premium rate
Crude Oil Brent$0.02 per unit
Gold$0.3 per unit

Shares

For example, if you go long 4,500 units of Vodafone, the GSLO premium would be £22.50 (£0.005 x 4,500 units). If you close the trade yourself, a take–profit is triggered or you remove the GSLO, the £22.50 GSLO premium will be refunded.

InstrumentCFD GSLO premium rate
Vodafone£0.005 per unit
Apple$0.41 per unit


Is there a dormant account inactivity charge?

A monthly inactivity charge of £10 (or its equivalent in another currency) will be deducted per dormant account where funds are available. An account shall be considered dormant if there are no open positions and there has been no other trading activity for a continuous period of two years.
 

The monthly inactivity charge of £10 (or its equivalent in another currency) will be deducted from a dormant account, usually within the first two (UK) working days of the month, until either:

  1. The account is closed by the client or CMC Markets;
  2. Trading activity recommences on the account; or
  3. The balance of the account is reduced to zero.

Once the balance of a dormant account has reduced to zero, we will not deduct further monthly inactivity charges from the dormant account. A dormant account will not incur a negative balance as a result of the deduction of the monthly inactivity charge.

If you decide to reactivate your dormant account by trading again, the inactivity charge for up to three previous months (up to a maximum of £30) where this has already been deducted will be refunded to your account.


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^We offer competitive monthly cash rebates for clients who trade in high volumes and if you meet our monthly notional value requirements for one asset class, you automatically qualify for monthly rebates for all asset classes; conditions apply.

*Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK​​​

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Spread bets and CFDs are high-risk leveraged products and losses can exceed your deposits. Ensure you understand the risks.