Unlock your potential
Welcome to Alpha, our benefit-packed premium membership for traders with an account value of £25,000 or more.
Get spread discounts of 5% to 40%*, earn interest on your account**, and enjoy a free premium digital subscription to the Financial Times^. All this plus priority customer service and more.
Save on spreads
Alpha promotes you to tier 3 of Price+, our tiered-volume spread discount scheme, giving you immediate spread discounts of up to 20%*.
You'll earn Price+ trading points for every trade you place in your live account and move up to higher spread discount tiers as you accumulate more points.
Up to20%Discount*
Up to27.3%Discount*
Up to40%Discount*
See how much you could save
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Please select the instrument(s) you trade.
Please select your base currency
Now enter the total If you buy 1,000 shares of a UK stock via CFD trading or buy £10/pt of a UK stock via spread betting with a share price of 300p per share, the notional amount is £3,000notional amount (monthly) for each instrument.
Every Alpha member automatically receives 2,500 Price+ trading points at the start of each calendar month.
Indices
0 PTSPrice+ Tier 2
100 PTSPrice+ Tier 3
2,500 PTSPrice+ Tier 4
5,000 PTSPrice+ Tier 5
25,000 PTS
| Cash Instrument | Min spread | Discount applied (%) |
|---|---|---|
| US 30 | 2 | 0 |
| Germany 40 | 1 | 0 |
| US NDAQ 100 | 1 | 0 |
| US SPX 500 | 5 | 0 |
| UK 100 | 1 | 0 |
| AUSTRALIA 200 | 1 | 0 |
| HONG KONG 50 | 5 | 0 |
| US SMALL CAP 2000 | 3 | 0 |
| JAPAN 225 | 7 | 0 |
| FRANCE 40 | 1 | 0 |
| EURO 50 | 1.6 | 0 |
| Cash Instrument | Min spread | Discount applied (%) |
|---|---|---|
| US 30 | 1.95 | 2.5% |
| Germany 40 | 0.98 | 2% |
| US NDAQ 100 | 0.98 | 2% |
| US SPX 500 | 4.8 | 4% |
| UK 100 | 0.95 | 5% |
| AUSTRALIA 200 | 0.95 | 5% |
| HONG KONG 50 | 4.8 | 4% |
| US SMALL CAP 2000 | 2.9 | 3.3% |
| JAPAN 225 | 6.65 | 5% |
| FRANCE 40 | 0.95 | 5% |
| EURO 50 | 1.6 | 0 |
| Cash Instrument | Min spread | Discount applied (%) |
|---|---|---|
| US 30 | 1.98 | 10% |
| Germany 40 | 1.10 | 8.33% |
| US NDAQ 100 | 0.95 | 5% |
| US SPX 500 | 4.5 | 10% |
| UK 100 | 0.90 | 10% |
| AUSTRALIA 200 | 0.90 | 10% |
| HONG KONG 50 | 4.5 | 10% |
| US SMALL CAP 2000 | 2.7 | 10% |
| JAPAN 225 | 6.3 | 10% |
| FRANCE 40 | 0.9 | 10% |
| EURO 50 | 1.5 | 6.3% |
| Cash Instrument | Min spread | Discount applied (%) |
|---|---|---|
| US 30 | 1.87 | 15% |
| Germany 40 | 1.05 | 12.50% |
| US NDAQ 100 | 0.90 | 10% |
| US SPX 500 | 4.3 | 14% |
| UK 100 | 0.85 | 15% |
| AUSTRALIA 200 | 0.85 | 15% |
| HONG KONG 50 | 4.3 | 14% |
| US SMALL CAP 2000 | 2.6 | 13.3% |
| JAPAN 225 | 5.95 | 15% |
| FRANCE 40 | 0.85 | 15% |
| EURO 50 | 1.4 | 12.5% |
| Cash Instrument | Min spread | Discount applied (%) |
|---|---|---|
| US 30 | 1.76 | 20% |
| Germany 40 | 1.00 | 16.67% |
| US NDAQ 100 | 0.85 | 15% |
| US SPX 500 | 4.0 | 20% |
| UK 100 | 0.80 | 20% |
| AUSTRALIA 200 | 0.80 | 20% |
| HONG KONG 50 | 4.0 | 20% |
| US SMALL CAP 2000 | 2.4 | 20% |
| JAPAN 225 | 5.60 | 20% |
| FRANCE 40 | 0.80 | 20% |
| EURO 50 | 1.3 | 18.8% |
Commodities
0 PTSPrice+ Tier 2
100 PTSPrice+ Tier 3
2,500 PTSPrice+ Tier 4
5,000 PTSPrice+ Tier 5
25,000 PTS
| Cash Instrument | Min spread | Discount applied (%) |
|---|---|---|
| GOLD | 0.3 | 0 |
| CRUDE OIL BRENT | 2.5 | 0 |
| SILVER | 2.5 | 0 |
| CRUDE OIL WEST TEXAS | 2.5 | 0 |
| Cash Instrument | Min spread | Discount applied (%) |
|---|---|---|
| GOLD | 0.29 | 3.3% |
| CRUDE OIL BRENT | 2.4 | 4% |
| SILVER | 2.4 | 4% |
| CRUDE OIL WEST TEXAS | 2.4 | 4% |
| Cash Instrument | Min spread | Discount applied (%) |
|---|---|---|
| GOLD | 0.18 | 10% |
| CRUDE OIL BRENT | 2.3 | 8% |
| SILVER | 2.3 | 8% |
| CRUDE OIL WEST TEXAS | 2.3 | 8% |
| Cash Instrument | Min spread | Discount applied (%) |
|---|---|---|
| GOLD | 0.17 | 15% |
| CRUDE OIL BRENT | 2.2 | 20% |
| SILVER | 2.2 | 20% |
| CRUDE OIL WEST TEXAS | 2.2 | 20% |
| Cash Instrument | Min spread | Discount applied (%) |
|---|---|---|
| GOLD | 0.16 | 20% |
| CRUDE OIL BRENT | 2.2 | 20% |
| SILVER | 2.2 | 20% |
| CRUDE OIL WEST TEXAS | 2.2 | 20% |
Currencies
0 PTSPrice+ Tier 2
100 PTSPrice+ Tier 3
2,500 PTSPrice+ Tier 4
5,000 PTSPrice+ Tier 5
25,000 PTS
| Cash Instrument | Min spread | Discount applied (%) |
|---|---|---|
| GBP/USD | 0.9 | 0 |
| EUR/USD | 0.3 | 0 |
| AUD/USD | 0.7 | 0 |
| USD/JPY | 0.7 | 0 |
| USD/CAD | 1.7 | 0 |
| NZD/USD | 1.8 | 0 |
| GBP/JPY | 2.5 | 0 |
| EUR/GBP | 1.1 | 0 |
| AUD/JPY | 1.3 | 0 |
| USD/CHF | 1.0 | 0 |
| EUR/JPY | 1.5 | 1.5 |
| Cash Instrument | Min spread | Discount applied (%) |
|---|---|---|
| GBP/USD | 0.9 | 0 |
| EUR/USD | 0.7 | 0 |
| AUD/USD | 0.7 | 0 |
| USD/JPY | 0.7 | 0 |
| USD/CAD | 1.6 | 5.9% |
| NZD/USD | 1.7 | 5.6% |
| GBP/JPY | 2.4 | 4% |
| EUR/GBP | 1.1 | 0 |
| AUD/JPY | 1.3 | 0 |
| USD/CHF | 1.0 | 0 |
| EUR/JPY | 1.4 | 6.7% |
| Cash Instrument | Min spread | Discount applied (%) |
|---|---|---|
| GBP/USD | 0.8 | 11.1% |
| EUR/USD | 0.4 | 20% |
| AUD/USD | 0.5 | 16.67% |
| USD/JPY | 0.6 | 14.3% |
| USD/CAD | 1.1 | 15.38% |
| NZD/USD | 0.9 | 18.18% |
| GBP/JPY | 1.5 | 11.76% |
| EUR/GBP | 0.7 | 12.50% |
| AUD/JPY | 0.9 | 18.18% |
| USD/CHF | 1 | 16.67% |
| EUR/JPY | 1.1 | 15.38% |
| Cash Instrument | Min spread | Discount applied (%) |
|---|---|---|
| GBP/USD | 0.8 | 11.1% |
| EUR/USD | 0.4 | 20% |
| AUD/USD | 0.5 | 16.67% |
| USD/JPY | 0.6 | 14.3% |
| USD/CAD | 1 | 23.08% |
| NZD/USD | 0.8 | 27.27% |
| GBP/JPY | 1.4 | 17.65% |
| EUR/GBP | 0.6 | 25% |
| AUD/JPY | 0.8 | 27.27% |
| USD/CHF | 0.9 | 25% |
| EUR/JPY | 1 | 23.08% |
| Cash Instrument | Min spread | Discount applied (%) |
|---|---|---|
| GBP/USD | 0.7 | 22.2% |
| EUR/USD | 0.3 | 40% |
| AUD/USD | 0.4 | 33.33% |
| USD/JPY | 0.5 | 28.6% |
| USD/CAD | 0.9 | 30.77% |
| NZD/USD | 0.7 | 36.36% |
| GBP/JPY | 1.3 | 23.53% |
| EUR/GBP | 0.5 | 37.50% |
| AUD/JPY | 0.7 | 36.36% |
| USD/CHF | 0.8 | 33.33% |
| EUR/JPY | 0.9 | 30.77% |
Treasuries
0 PTSPrice+ Tier 2
100 PTSPrice+ Tier 3
2,500 PTSPrice+ Tier 4
5,000 PTSPrice+ Tier 5
25,000 PTS
| Cash Instrument | Min spread | Discount applied (%) |
|---|---|---|
| US T-BOND | 3 | 0 |
| US T-NOTE 10 YR | 3 | 0 |
| EURO BOND | 2 | 0 |
| Cash Instrument | Min spread | Discount applied (%) |
|---|---|---|
| US T-BOND | 2.9 | 3.3% |
| US T-NOTE 10 YR | 2.9 | 3.3% |
| EURO BOND | 1.9 | 5% |
| Cash Instrument | Min spread | Discount applied (%) |
|---|---|---|
| US T-BOND | 3.6 | 10% |
| US T-NOTE 10 YR | 3.6 | 10% |
| EURO BOND | 2.5 | 10.71% |
| Cash Instrument | Min spread | Discount applied (%) |
|---|---|---|
| US T-BOND | 3.4 | 15% |
| US T-NOTE 10 YR | 3.4 | 15% |
| EURO BOND | 2.4 | 14.29% |
| Cash Instrument | Min spread | Discount applied (%) |
|---|---|---|
| US T-BOND | 3.2 | 20% |
| US T-NOTE 10 YR | 3.2 | 20% |
| EURO BOND | 2.2 | 21.43% |
At the end of each calendar month, your trading points balance resets to zero and the tier you finished on is carried over to the following calendar month.
Earn interest
Earn interest on the available equity in your trading account, only with Alpha.
- 2% for GBP
- 3% for USD
We'll calculate your interest daily and pay it into your account at the start of the following month. If you hold more than one account with us, each account will earn interest and you'll receive separate interest payments into each account. Terms & conditions apply**.
Get the FT for free
As an Alpha member, you'll receive a premium digital subscription to the Financial Times - worth £59 a month - on us.
Use your phone or tablet to access the FT's unrivalled news, analysis and data, completely free of charge.
Learn the tricks of the trade
When you join Alpha, you'll be invited to our exclusive educational seminars, online presentations and in-person special events, giving you the opportunity to develop and refine your trading skills.
Ready to join Alpha?
Step 1. Open an account
Open a free demo account to practise trading on our platform with virtual funds. Then, when you're ready, open a live spread betting or CFD trading account with us.
Step 2. Increase your account value to £25,000
To get invited to join Alpha, you'll need to fund or grow your account to £25,000.
Step 3. Opt in to Alpha
Once you've opted in to Alpha, you'll start receiving your benefits. You'll enter tier 3 of Price+, our tiered-volume spread discount scheme, giving you immediate spread discounts of up to 20%*. You'll also start earning interest, and we'll set up your free FT subscription.
Step 4. Get bigger spread discounts
You'll earn Price+ trading points for every trade you place in your live account and move up to higher Price+ spread discount tiers as you accumulate more points.
Do you have any questions?
Email us at alpha@cmcmarkets.co.uk or call us at +44 (0)20 7170 8200 (Lines open 24hrs, Monday to Friday)