Trading costs
There are no charges for using the CMC Markets trading platform and the functions within it. You only incur a cost when transacting a trade.
Has the commission structure for company CFDs changed?
Yes. On our Next Generation trading platform commission is no longer charged on company CFDs (share CFDs). However, a transactional cost of trading is built into the spread.
Trade financing costs
A trade financing cost is incurred if a trade is held open at 17:00 New York time each day, including weekends. It is the sum of both the financing amount and the carrying costs amount. The financing amount is applied to the unfunded portion of the trade, while the transaction carrying cost, which is equivalent to the cost of carrying the underlying asset, is applied to the total value of the trade. For full details, please refer to our Terms of Business.
Financing amount
When you place a trade with CMC Markets and use any leverage, you will pay a financing amount. The financing amount is the cost of ‘borrowing’ the value of the unfunded portion of a trade. We calculate the rate applicable to the borrowing cost with reference to interbank lending rates. The borrowing cost only applies to trades on indices, companies and commodities.
Carrying costs
CMC Markets products are priced with reference to underlying assets. Investing directly in such assets carries an associated cost of physically holding those assets for a period of time. For instance, if you buy futures on crude oil, someone has to store that oil until the delivery date. The carrying cost represents the cost involved in holding an asset. The carrying cost only applies to trades on commodities and currencies.