CFD trading costs
As well as spreads, commissions 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.
| Currency | Risk-free / interbank rate |
|---|---|
| AUD | One month bankers acceptance bill |
| CAD | One month bankers acceptance bill |
| CHF | SARON |
| DKK | One month Copenhagen interbank offered rate |
| EUR | ESTER |
| GBP | SONIA |
| HKD | One month Hong Kong interbank offered rate |
| INR | One month deposit |
| JPY | TONAR |
| NOK | One month Norwegian interbank offered rate |
| NZD | One month bank bill |
| SEK | One month Stockholm interbank offered rate |
| SGD | SORA |
| USD | SOFR |
Holding costs
At the end of each 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. Forward contracts on indices, forex, commodities and treasuries are not subject to holding costs.
Overnight holding costs for indices are based on the underlying risk-free or interbank rate of the index (see table) plus 0.0082% on buy positions and minus 0.0082% on sell positions.
For share CFDs, overnight holding costs are based on the underlying risk-free or interbank rate for the currency of the relevant share (see table) plus 0.0082% on buy positions and minus 0.0082% on sell positions.
Overnight holding costs for cryptocurrencies are calculated in line with our existing instruments. Daily holding costs for Bitcoin/USD are charged at 0.0685% on long positions, and paid at 0.0137% on short positions. Overnight holding costs for most other cryptocurrencies are charged at 0.0753% on long positions, and paid at 0.0274% on short 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.
Holdings costs for share baskets, forex indices, commodity indices and crypto indices are calculated via a weighted sum of the constituents' holding cost rates, plus CMC's haircut on buy positions or minus CMC's haircut on sell positions.
Please note this information has been provided for reference, and the rates may not match exactly if recalculated. If you have any questions, please contact our client services team.
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.
| Market | Currency | Market data fee (excl tax) |
|---|---|---|
| Australia | AUD | 20.00 |
| Hong Kong | HKD | 120.00 |
| Austria, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Poland, Portugal, Singapore, Spain, Sweden, Switzerland, UK, US | Various | 0.00 |
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