Trading costs
See how low your trading costs can be when you use the CMC Tracker platform.
Commission structure for company CFDs
On the CMC Tracker platform commission is not charged on company CFDs. However, a transactional cost of trading is built into the spread. This means you no longer need to calculate commission on the company CFDs from trade to trade. The profit and loss you see is what you get.
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 CMC Tracker PDS.
Financing amount
When you place a trade on the CMC Tracker platform 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 index CFDs, company CFDs, treasury CFDs and commodity CFDs.
Carrying costs
CFDs 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 commodity CFDs (excluding precious metals), treasury CFDs and currency CFDs.