Contracts for difference trading costs
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.
FCA regulated
Segregated funds
FTSE-listed group
| 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 |
| ZAR | One month deposit |
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 0.0082% on buy positions and minus 0.0082% 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 0.0082% on buy positions and minus 0.0082% 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.
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 and commodity indices are calculated via a weighted sum of the constituents' holding cost rates, plus CMC's fee on buy positions or minus CMC's fee 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.
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 examplesMarket data fees
If you want to trade or view our price data for certain instruments, you will need to activate the relevant market data subscription. Monthly subscription charges may apply depending on your market data classification and the type of account you hold*. Please note that market data fees are not free for professional clients. Details of CMC’s fees can be found on the platform in the 'market data' section in 'user preferences'.
Subscriptions made mid-month are subject to the full monthly charge (if applicable). The period over which the market data subscription is active runs from the point of activation until midnight, local time to the market you have subscribe to, on the first day of the following month.
Based on your market data classification, the fee is refunded if you execute two or more trades for non-professional, or five or more trades for professional, under the same subscription plan during the subscription period.
Please note that, where fees apply, local taxes and duties may also be charged. Residents of the UK will be subject to VAT at 20%. Residents of the EU will be subject to their local VAT/Sales Tax rates.
More on market data fees| 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** |
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 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 GSLOsForex
For example, if you go short 50,000 units of GBP/USD, the GSLO premium would be $7.50 ($0.00015 x 50,000 units). If you close the trade yourself, a take–profit is triggered or you remove the GSLO, the $7.50 premium will be refunded.
| Instrument | CFD GSLO premium rate |
|---|---|
| $0.00015 per unit | |
| £0.0002 per unit |
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 | |
| $1.50 per unit |
Commodities
For example, if you go long 600 units of Crude Oil Brent, the GSLO premium would be $12 ($0.02 x 600 units). If you close the trade yourself, a take–profit is triggered or you remove the GSLO, the $12 premium will be refunded.
| Instrument | CFD GSLO premium rate |
|---|---|
| $0.02 per unit | |
| $0.3 per unit |
Shares
For example, if you go long 4,500 units of Vodafone, the GSLO premium would be £22.50 (£0.005 x 4,500 units). If you close the trade yourself, a take–profit is triggered or you remove the GSLO, the £22.50 GSLO premium will be refunded.
| Instrument | CFD GSLO premium rate |
|---|---|
| £0.005 per unit | |
| $0.41 per unit |
Dormant account charges
A monthly inactivity charge of £10 (the amount depends on your account currency) will be deducted per dormant account where funds are available. An account is considered dormant if there are no open positions and there has been no other trading activity for a continuous period of one year.
The monthly inactivity charge of £10 (or its equivalent in another currency) 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; or
- The balance of the account is reduced to zero.
Once the balance of a dormant account has reduced to zero, we will not deduct further monthly inactivity charges from the dormant account. A dormant account will not incur a negative balance as a result of the deduction of the monthly inactivity charge.
If you decide to reactivate your dormant account by trading again, the inactivity charge for up to three previous months (up to a maximum of £30) where this has already been deducted will be refunded to your account.
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