Fees Schedule
See your opportunity, trade it for less. Get spreads from 1 point on the FTSE 100 and US Crude spreads from just 2.8 points.
Find out more about what you’ll pay for your trading, and why, here.
Want to try our platform?
How much does it cost to trade with match securities?
Opening an account with us is completely free and you don’t have to add funds until you’re ready to place a trade.
0$
Trade spreads from 0.6 points on key FX pairs, 0.8 points on major indices, and 0.3 points on commodities.
A breakdown of our trading costs
When you trade on leverage, there’s one direct charge that you’ll need to consider – the spread, or a commission in the case of share CFDs. You’ll also want to keep your eye on some other potential charges and factors which could influence how much your trading costs.
Spreads and commission
The spread or commission (in the case of share CFDs) is the one direct charge that you’ll need to consider when trading on leverage. You can find spreads and commissions for our most popular markets below. To see the full details for a market, follow the links.
CFDs
Cash CFDs
Keep your cash CFD position open past 1am (Dubai time), and you’ll be charged overnight funding.* If you want to keep positions open for more than one day, try a future or forward.
*Or 4.50pm (Sydney time) for AUD-denominated contracts.
Forex
| Currency Pair | Minimum spread | Average spread | Margin Required |
| EUR/USD | 0.6 | 1.04 | 0.5% |
| AUD/USD | 0.6 | 1.03 | 0.5% |
| EUR/GBP | 0.9 | 1.89 | 0.5% |
| GBP/USD | 0.9 | 1.83 | 0.5% |
Commodities
| Instruments | Contract Size | Spread | Margin Requirement |
Metals | |||
| XAUUSD | 100 | 0.3 | 1% |
| XAGUSD | 5000 | 2 | 2% |
Energies | |||
| USOil | 100 | 2.8 | 2% |
| UKOil | 100 | 2.8 | 2% |
Indices | |||
| AUS200 | 1 | 3 | 2% |
| DAX | 1 | 2 | 1% |
| ESP35 | 1 | 5 | 2% |
| HK50 | 1 | 4 | 2% |
| ESX50 | 1 | 3 | 2% |
| JPN225 | 100 | 9 | 2% |
| UK100 | 1 | 3 | 0.5% |
| NAS100 | 1 | 5 | 0.5% |
| WS30 | 1 | 3.6 | 0.5% |
| SP500 | 1 | 1.5 | 0.5% |
Commission
| Markets |
Pricing |
|---|---|
| Equities – UK | 0.15% |
| Equities – Euro | 0.15% |
| Equities – US | 3 cents |
*FX commission can be reviewed case by case basis.
Swaps
| Instrument |
Pricing |
|---|---|
| Equity – Long | OBFR + 3% |
| Equity – Short | OBFR + 3% |
*MT5 FX swaps are changed every week on Wednesday.
Overnight funding
What is overnight funding?
Overnight funding is the charge you pay for keeping cash CFD trades open past 1:00am Dubai time; we‘ll make an interest adjustment to your account, to reflect the cost of funding your position.
To avoid paying overnight funding, try a future or a forward contract.
How is overnight funding calculated?
Formula for forex overnight funding charge = nights held x (tom next rate including annual admin fee) x trade size.
We take our tom-next rate from the underlying market.
Formula for annual admin fee = 0.8% for all contracts.
- See a forex CFD example
Formula for indices overnight funding charge = Nights held x (market closing price x trade size x (relevant interest rate benchmark +/- admin fee*)) / 365.
*Our admin fee is 2.5% for standard CFD contracts, and 3% for minis. If you’re long, you pay the relevant interest rate benchmark. If you’re short, you receive it.
The Volatility Index and EU Volatility Index are priced in the same way as our undated commodities, and are charged overnight funding in the same way too. Check the commodities tab for details.
- See an indices CFD example
Formula for commodities overnight funding adjustment = nights held x (trade size x (basis +/- IG charge)).
Formula for the basis = (P3 – P2) / (T2 – T1), where:
P2 = price of front future
P3 = price of next future
T1 = expiry date of the previous front future
T2 = expiry date of the front future
Read about how we price our undated commodity markets to find out how the basis will affect your position.
Formula for the IG charge = undated mid price x 2.5% / 365.
The undated mid price is a snapshot of the mid price of the cash CFD on the relevant date. If you pay the basis on your trade, the IG charge figure is added; if you receive the basis, it’s subtracted.
- See a commodities CFD example
Open an account now
- Fast execution on a huge range of markets
Enjoy flexible access to more than 17,000+ global markets, with reliable execution
- Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app*
- Feel secure with a trusted provider
With 45 years of experience, we’re proud to offer a truly market-leading service
Guaranteed stop premiums
You can protect your position against slippage with a guaranteed stop, paying only a small premium if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and can form part of your margin when you attach the stop. Please note that premiums are subject to change, especially going into weekends and during volatile market conditions.
| Market | Guaranteed stop premium |
| EUR/USD | 1.2 |
| AUD/USD | 0.8 |
| EUR/GBP | 2 |
| GBP/USD | 2 |
| Market | Guaranteed stop premium |
| FTSE 100 | 0.8 |
| Wall Street | 1.8 |
| Germany 40 | 1.5 |
| Australia 200 | 1.5 |
| Market | Guaranteed stop premium |
| Spot Gold | 0.3 |
| Spot Silver | 2 |
| Oil – US Crude | 3 |
| Oil – Brent Crude | 3 |
Extra services and charges
Whether you’re paying to give your trading an edge, or for us to carry out account admin, you can find out more here.
| Service | Charge |
| Direct Market Access (DMA) | You won’t pay for DMA to trade CFDs on forex and shares. However, you’ll need to pay a monthly exchange fee to access live DMA prices for some shares. |
| Live price data feeds | You’ll pay a monthly fee for live share prices from an exchange to trade share CFDs. |
| ProRealTime Charts | You’ll pay $40 a month to subscribe to advanced charts from popular third-party provider ProRealTime. You’ll get a refund if you place four or more trades a month. You may still have to pay if your qualifying trades are extremely low-value. |
| Inactivity fee | You’ll pay a $12 fee on the first of every month if you’ve not used your account to deal for two years or more. |
| Account documentation fee | To trade US-incorporated stock, you need to supply a mandatory W-8 or W-9 form prior to the dividend ex-date of a qualifying trade – and you’ll pay a $50 fee if you don’t. You won’t pay the fee if your documentation is up to date, or if you’ve not entered into qualifying trades. We’ll let you know if you’ve entered into a qualifying trade and need to complete a form. |
| Currency conversion charge | Trade CFDs in a currency other than your account’s base currency, and you may incur a currency conversion charge. Your account is set to ‘instant conversion’ by default, which means that your foreign-currency profit is converted to your base currency automatically – and your funding, commission and dividend charges are taken into account before your account is credited. You can also set your account to daily, weekly and monthly conversion settings. Our standard charge is 0.5%. |
Third-party charges
Your bank, card issuer, intermediary banks, merchants, or other parties may make additional charges to your trasnfers and we have no control over this.
FAQs
Customer service is normally open 24 hours a day between 2:00am on Monday (00:00am for forex) and 1.15am on Saturday (Dubai time).
Dealing hours vary between markets, but standard UK market hours are 08.00-16.30 (London time).
When you trade CFDs with us, you trade on margin. This means you only pay a deposit to open a position, and we in effect lend you the rest of the money required. If you close your position on the same day, you won’t pay a funding fee. If you keep it open overnight, you’ll pay small fee to cover the cost of the money you’ve effectively borrowed.
For share and index trades, our funding fee is comprised of our admin fee, plus or minus the interbank rate for the currency in which your trade’s underlying market is denominated (depending on whether your position is long or short).
For forex trades, the funding fee is the tom-next rate plus a small admin fee.
For spot commodity trades, and trades on the Volatility Index and EU Volatility Index, we make an adjustment based on a range of factors like the price of the two nearest futures, and our fee. Take a look at how we price our undated commodities to find out more.
For futures markets there’s no overnight funding fee, because the cost of funding is built into the spread.
Spreads
Our forex spreads vary depending on underlying market liquidity. The more liquid the market, the narrower our spread – as low as 0.8 points. As the underlying market spread widens, so does ours – but only to our maximum cap.
Our stock index spreads vary by the time of day. During the underlying market hours we offer our standard and tightest spreads eg 1 point on the FTSE 100. When we offer an out-of-hours market, so you can benefit from 24-hour dealing, we offer a wider spread.
CFD traders should remember we offer our tightest spreads on our standard contracts, with wider spreads on some mini and micro contracts.
Commission
Our commission varies depending on the host country for your stock, and the account you’re using.
CFDs
You’ll pay between 0.1% and 0.35% commission on all UK share trades (0.1% on large caps, 0.25% on midcaps and 0.35% on small caps). See our product details for all our share CFD commissions.
Overnight funding
For share and index trades we calculate our overnight funding fee using the relevant interbank rate, and our fee for forex trades using the tom-next rate. These rates change daily, varying the funding fee each day.
For commodities and the volatility indices, we use the price of the two nearest futures as part of our overnight funding calculation. Since these will vary, the charge can too. You can find out more in the overnight funding section above.
Mini and micro CFD contracts are subject to a higher funding rate.
If you trade CFDs in a currency other than your account’s base currency, you may need to pay a currency conversion charge.
Your account is set to ‘instant conversion’ by default. This means that foreign-currency profit is converted to your base currency automatically, and funding, commission and dividend charges are taken into account before your account is credited. You can choose to have your account convert daily, weekly or monthly. Our standard conversion charge is 0.5.
Yes, we offer guaranteed stops so that you can put an absolute cap on your risk. You’ll pay a small fee if it’s triggered. For shares, for example, this is 0.3% of the underlying transaction value.
The interbank rate is the interest rate charged between banks for short-term loans. It is a key indicator for other interest rate charges, which is why we use it as a basis for calculating our overnight funding fees for your share and stock index trades.
Tom-next is the rate used to calculate the funding adjustment when a forex position is held overnight. It is an industry-standard rate, derived from the interest rate differentials of the pair’s currencies and market expectations of interest rate change.
For CFDs, the spread is the difference between our Sell and Buy prices. We derive these prices based on the underlying market’s value.
Only if you haven’t placed any deals on CFD account for two years or more, and there is still a balance on your account. You’ll be charged a $12 fee on the first day of every month if this is the case.
| Non-share markets |
Spread |
|---|---|
| FTSE 100 | 4 |
| Wall Street | 6 |
| EUR/USD | 10 |
| GBP/USD | 9 |
| Spot gold | 0.6 |
| Spot silver | 3 |
