Trading costs

Commission structure for company CFDs

To improve transparency in respect of our Commissions are charged separately from our Spread. Details of any Commission charges, as applicable, will be shown in the Product Library for each Product. If Commission applies to the execution of an Order (whether to open or close a Transaction), the appropriate amount will be deducted from the Cash in your Account upon execution of the Order or Transaction. You are required to monitor your Account to ensure you have sufficient Cash to pay any Commission due in full.

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.

Price Data Feed Fees for Company CFDs

From the 1 of December 2012, if you want to trade in a company CFD or view the Price data for that company CFD, you will need to activate a data feed subscription.

There will be a monthly fee for each data feed and the monthly fee will differ, depending on which country and/or countries your company CFDs relate to.

The monthly fee or fees (as applicable) will be debited from your Account on the first day of each calendar month (or on the day that you activate a data feed, should you activate the data feed part way through a calendar month) and will continue to be debited from your Account until such time as you deactivate the data feed via the ‘Data Feeds’ tab within the ‘Preferences’ section of the CMC Tracker Platform.

It is your responsibility to ensure that you have sufficient Cash in your Account to pay any data feed fee or fees (as applicable) in full.

Please also note that the Price data feed fee for the full calendar month will be charged, irrespective of whether you activate or deactivate the Price data feed part way through the calendar month.

If you have an existing company CFD Position or Order (including an Open Order) on 1 December 2012, the CMC Tracker Platform will automatically activate the applicable Price data feed. Your Price data feed fee or fees (as applicable) will be determined by the country or countries to which your company CFDs relate.

Please note that this will not affect FX, Indices, Commodity or Treasury CFDs.

For further information regarding the Price data subscription and for a breakdown of the monthly Price data subscription fees, please login to the CMC Tracker trading Platform and select the Data Feeds tab within the 'Preferences' section of the CMC Tracker trading Platform.

For the FAQs regarding the Price data subscriptions please click here

Rebates for Price Data Feed for Company CFDs

We are pleased to introduce a Price data feeds fee rebate scheme.

From 1 December 2012, for each Price data feed activated on your Account, if you execute five (5) or more Company CFD trades in the applicable market in any calendar month, the applicable Price data feed fee for that calendar month will be refunded to your Account. The refund will take place during the subsequent calendar month.

In addition, between 1 December 2012 and 31 January 2013, you may alternatively receive the Australian Price data fee refund if you execute trades in Australian Company CFDs with a total notional value in excess of AUD$80,000 in the calendar month.

From 1 February 2013, we will only refund your Australian Price data feed fee for Company CFDs if you execute five (5) or more trades in Australian Company CFDs in each calendar month.

Your Price data feed or feeds (as applicable) will be determined by the country or countries to which your Company CFDs relate. Please always ensure you have sufficient Cash in your Account to cover the applicable Price data feed fee or fees (as applicable).

If you have any questions regarding the introduction of Price data feed fees and/or Price data feed fee refunds, please contact us on 1300 303 888.