Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets, CFDs, OTC options or any of our other products work and whether you can afford to take the high risk of losing your money.
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What are the costs that I need to be aware of when trading with CMC Markets?
View our trading costs page for more information on the charges involved when you spread bet or trade CFDs with us. We've highlighted the main costs below, including spreads and overnight holding costs:
Spreads: you'll pay a spread cost on each instrument you trade, which is the difference between the buy and sell price.
Overnight holding costs: at the end of each trading day at 5pm (EST)/10pm (UK time), any cash positions held in your account may be subject to a holding cost, which 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 instrument. This percentage is applied to the notional value of your trade when it was opened and divided by 365 for the one-night cost. Learn more about spread bet holding costs and CFD holding costs.
Trading on shares and ETFs: We charge a commission fee when you trade CFDs on shares and ETFs. This is 0.10% or €9 minimum for the majority of shares and ETFs, and 0.02 cents per unit ($10 minimum) for US and Canada shares.
When spread betting on shares and ETFs, there's an additional spread charge when you enter and exit a trade.
Market data feeds on share CFDs: to view share prices on our platform, you'll need to activate the relevant market data feed for the region where the shares you wish to see are traded. Monthly subscription charges may apply depending on your market data classification and the type of account you hold. You can find details of the charges in our trading platform by opening the 'Settings' dropdown menu and selecting the 'Market Data' tab.
Guaranteed stop-loss orders (GSLOs): there is a fee to attach a GSLO to your trades for absolute certainty that your position will be closed out at your specified level, regardless of slippage or gapping, which could be caused by high market volatility. If the GSLO is not triggered, the fee is refunded in full.
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. To qualify as a private investor, you must meet all six of the following criteria:
You’re an individual
You’re operating in an individual capacity and not for any commercial purpose on behalf of a business
You’re not a financial institution
You’re not engaged in a capacity that requires regulation by a financial or securities body
You’re not an aggregator of market data
You’re not employed as a financial adviser
To be a non-private investor, one or more of these requirements will not apply to you.
If you’re a non-private investor and 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. You can find details of the charges by opening the 'Settings' dropdown menu on our trading platform and selecting the 'Market Data' tab.
Is there a dormant account inactivity charge?
Yes. A monthly inactivity charge of £10 (or its equivalent in another currency) will be deducted for each dormant account where funds are available. An account is considered dormant if there are no open positions and no trading activity for a continuous period of one year.
The inactivity charge will be deducted from a dormant account, usually within the first two (UK) working days of the month, until either:
The account is closed by the client or CMC Markets
Trading activity recommences on the account
The balance of the account is reduced to zero
Once the balance of a dormant account has been reduced to zero, we will not deduct further monthly inactivity charges from the account. A dormant account will not incur a negative balance through the monthly inactivity charge.
If you reactivate your dormant account by trading again, the inactivity charge for up to three previous months (up to a maximum of £30) will be refunded to your account.
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 spread betting holding costs and CFD holding costs.
You’ll be charged holding costs for three days on a Wednesday or Thursday, which factors in Saturday and Sunday, 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 |
How do I calculate holding costs?
You can calculate your holding rate by following these steps:
Take your total trade value using the opening price (calculated by multiplying your position size by the opening price), which is displayed in the order ticket when you enter a quantity.
Multiply that by the holding cost percentage (which can change each day) shown in the 'Product Overview' to get your annualised holding fee.
Divide this number by 365 to calculate your daily cost in the instrument's traded currency.
You can find holding rates from the product library in the platform. Select the arrow icon next to the specific instrument which will bring up a sub-menu. Then choose 'Product Overview' on the sub-menu to bring up the holding rate details.
Do you pay commission when trading CFDs on shares?
Yes, you pay a commission when trading CFDs on shares and ETFs. The commission charge is taken out of the cash balance on your account when you open and close a position. Learn more about trading on stocks
What are market data subscriptions for share CFDs?
To trade a share CFD or view the price data for that share, you'll first need to activate the market data subscription for the applicable country or group of countries that the share is based in. Depending on the country, there may be a monthly fee for the market data subscription.
The monthly fee, if applicable, will be debited from your account at the time you activate a market data feed. Please note that the market data fee for the full calendar month will be charged, irrespective of whether you activate or deactivate the market data subscription part way through the calendar month.
The market data fee will be converted into your account currency at our prevailing currency conversion rate, before being debited from your account. It's your responsibility to ensure that you have sufficient funds in your account to pay any market data fee.
You can view the current market data subscription fees from the settings menu in our trading platform.
How is the guaranteed stop-loss order premium calculated?
The premium for guaranteed stop-loss orders (GSLOs) will vary by instrument and depend on your trade size. The estimated cost will be displayed on order tickets before you agree to apply a GSLO to a position, and will automatically be deducted from your cash balance once you've confirmed the GSLO. The GSLO premium is refunded in full if the GSLO is not triggered. Learn how we calculate our GSLO premiums
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