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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Statements terms

Leveraged (CFD, Spreadbet)

Theme

Statement term

Explanation

Overnight funding

Long interest & short interest

Short or long interest refers to overnight funding on leveraged accounts, when you hold a cash CFD or spread bet position in shares or indices beyond 10pm UK time. Learn more

Daily commodities interest

Daily commodities interest refers to overnight funding on leveraged accounts, when you hold a cash CFD position or spread bet beyond 10pm UK time. Learn more

Daily FX interest

Daily FX interest refers to overnight funding on leveraged accounts, when you hold a cash CFD position or spread bet beyond 10pm UK time. Learn more

Guaranteed stop premium

CRPREM

CRPREM is the controlled risk premium that is only charged when your guaranteed stop loss is triggered. Learn more

Dividend adjustment

Dividend adjustment

When indices or companies issue a dividend, their value falls accordingly. An adjustment is then made to counteract the impact of this falling value. You will not be materially losing or gaining when this adjustment is made. Learn more

Share commission

COMM

COMM is the commission charged for trading on shares, across share dealing and CFD trading accounts

Currency conversion

Converted at...

Entries in your ledger summary that read ‘converted at’ refer to the currency conversion from your base currency to trade on the specific instrument

Transfer from XXX to XXX

Entries in your ledger that transfer one currency to another. These refer to the currency conversion from a foreign currency transaction back to the account’s base currency, or between your IG and bank account currencies

Live price data feeds

Exchange data feeds

This fee is incurred when you have enabled live share prices from an exchange

ProRealTime charts

Advanced chart fee

Subscribing to real-time charts costs £30 per month. This fee is refunded if you place four or more trades a month. We reserve the right to charge you for the service if your qualifying trades are of a low value

Account documentation fee

We charge a £50 fee on leveraged accounts that haven’t supplied a mandatory W-8 or W-9 form prior to the dividend ex-date of a qualifying trade on a US-incorporated stock. We don’t apply this fee to accounts with up-to-date documentation, or accounts that haven’t entered qualifying trades. We’ll notify you if you have entered a qualifying trade and need to complete a form. Learn more

Borrow cost

Stock borrowing for...

A cost incurred for shorting a stock on our leveraged accounts. This rare cost is passed on from our broker and can vary for each stock, depending on the demand for borrowing

VPS subscription fees

You will be charged a £50 monthly fee for using a VPS service. We will refund VPS fees to clients who maintain a minimum balance of £5000 in their account. Learn more

Physical (share dealing, ISA)

Theme

Statement term

Explanation

Share commission

COMM

COMM is the commission charged for trading on shares, across share dealing accounts. Learn more

Consideration

CONS

CONS is the consideration value of that trade. This will trigger once the cash has settled from the trade into your account

Custody fee

Custody fee

A quarterly £24 fee that is charged to your share dealing or ISA accounts if you hold investments at the end of a quarter. You can be exempt from this fee in a few different ways. Learn more

Government taxes and levies

SDRT

Stamp Duty Reserve Tax is a charge of 0.5% that’s incurred for trading in electronic share transactions. This applies to transactions in a UK company, shares in a foreign company that has a UK share register, options to buy shares, and from rights arising from shares already owned

PTM levy

The PTM levy is a levy of £1 that applies to any individual transactions conducted on the London Stock Exchange (LSE) worth over £10,000

Irish tax

Irish Stamp Duty is a charge of 1% incurred for trading marketable securities listen on the Irish Stock Exchange

ITP levy

The Irish Takeover Panel Levy (ITP) is a flat-rate levy of €1.25 that’s collected on all trades over €12,500

Section 31 fee

The US on-exchange fee, also known as Section 31 fee, is attached to the sale of specified exchange-listed securities

Dematerialisation/re-materialisation fee (share dealing admin fee)

Share dealing admin fee

This fee is incurred when moving between paper handling and digital recording of your trading investments. Learn more

Related questions

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