Forex Trading FAQs | Support

Web-Based Platform (NGEN)

Our Next Generation trading platform combines institutional-grade features and security, with lightning-fast execution and best-in-class insight and analysis.

Trade contracts for difference (CFDs) on over 12,000+ products including FX Pairs, Indices, Commodities, Shares and Treasuries.

Forex

What does CMC Markets charge on converting foreign currency profit or loss into my home currency?

If you are trading foreign exchanges products on our CFD platform there is a charge of 50 basis points (0.5%) to convert foreign currencies into your home currency.

Where do you derive your FX prices from?

Prices streamed from our liquidity providers (November 2015 – Deutsche Bank, JP Morgan, Barclays, Goldman, UBS, Citibank and HSBC) are consumed by our automated pricing engine where the ‘best’ and most representative price is used to create our quotes on which clients trade.

Is one unit the same as $1 per point when trading foreign exchange?

One forex CFD unit is equivalent to one unit of the first name currency within the forex pair. If you require assistance with calculating your desired trade size, please contact our Client Management team.

Can I convert currencies using a CMC Markets account?

No, we do not offer currency exchange facilities.

How are holding costs on forex, Gold, Silver and the Precious Metals Index calculated?

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 0.0027% 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.

	USD/CAD, USD/TRY, TRY/CAD, CAD/TRY	All other FX pairs, FX indices, Gold, Silver, Precious Metals Index
Monday 5pm EST	x1 Holding Cost rate	x1 Holding Cost rate
Tuesday 5pm EST	x1 Holding Cost rate	x1 Holding Cost rate
Wednesday 5pm EST	x1 Holding Cost rate	x3 Holding Cost rate
Thursday 5pm EST	x3 Holding Cost rate	x1 Holding Cost rate
Friday 5pm EST	x1 Holding Cost rate	x1 Holding Cost rate