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As well as spreads and margins, there are some other trading 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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| Currency | Interbank rate |
|---|---|
| CAD | One month bankers acceptance bill |
| AUD | 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 |
| ZAR | One month deposit |
From Monday 1 November 2021, LIBOR has been replaced by a new interbank rate for the following currencies: GBP, USD, EUR, CHF, JPY and SGD. Please refer to the table above for the new interbank rate. Overnight holding costs will be charged based on the new benchmark rate, plus or minus our fee depending on whether you hold a buy or sell position in an index, share or share basket. Based on the new benchmark rates compared with Libor, we don't expect a material change in holding costs.
Holding costs
At the end of each day (5pm New York time), 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.
Holding costs for indices are based on the underlying risk-free or 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 risk-free or 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.
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.
More on CFD holding costs
Commissions
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 commission examples
Market data fees
To view the prices for Australian 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 will include 13% HST, on the basis that you are a resident in Canada. Non-residents will be charged tax based on their country of residence.
More on market data fees
| Market | Currency | Market data fee (excl tax) |
|---|---|---|
| Australia | CAD | 22.60 |
| 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 |
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 rate can be found on the platform for each applicable product. Learn how GSLO premiums are calculated.
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.
Read more about GSLOs
Forex
For example, if you go short 50,000 units of GBP/USD, the GSLO premium would be $10.00 ($0.0002 x 50,000 units). If you close the trade yourself, a take–profit is triggered or you remove the GSLO, the $10.00 premium will be refunded.
| Instrument | CFD GSLO premium rate |
|---|---|
| $0.0002 USD per GBP | |
| $0.0001 CAD per USD |
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.
| Instrument | CFD GSLO premium rate |
|---|---|
| £1 per unit | |
| $2 USD per unit |
Commodities
For example, if you go long 600 units of Crude Oil Brent, the GSLO premium would be $18 ($0.03 x 600 units). If you close the trade yourself, a take–profit is triggered or you remove the GSLO, the $18 premium will be refunded.
| Instrument | CFD GSLO premium rate |
|---|---|
| $0.03 USD per unit | |
| $0.3 USD per unit |
Shares
For example, if you go long 4,500 units of Vodafone, the GSLO premium would be £11.24 (£0.002498 x 4,500 units). If you close the trade yourself, a take–profit is triggered or you remove the GSLO, the £11.24 GSLO premium will be refunded.
| Instrument | CFD GSLO premium rate |
|---|---|
| £0.002498 per unit | |
| $1.014 USD per unit |
CFD GSLO premium rates are subject to change. Rates above are updated as of March 2023.
Inactivity fees
There is a monthly charge of $15 (the amount depends on your account currency) on dormant accounts, but no deduction is made if there are no funds in the account. An account is considered dormant if there has been no trading activity for a continuous period of 12 months.
More on inactivity fees
| Account Currency | Monthly Inactivity Fee |
|---|---|
| CAD | $15 |
| USD | $15 |
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