Our spreads are the same for CFDs and spread betting, apart from shares. Share CFDs directly reflect the underlying market price, and are subject to commission. Share spread bets are commission free, but are subject to a spread on the opening and closing price of the bet. However, the overall cost is virtually the same for share spread bets and share CFDs. CFD traders should remember we offer our tightest spreads on our standard contracts, with wider spreads on some mini and micro contracts.
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.
Our commission varies depending on the host country for your stock, and the account you are using
All UK shares are subject to a flat 0.10% commission, while all US stocks are subject to a CFD commission of 2 cents per share, for example.
The overnight funding fee is calculated using the relevant interbank rate for stock index and share trades. The fee for forex trades is calculated using the tom-next rate. These rates change daily, varying the funding fee each day. Mini and micro CFD contracts are subject to a higher funding rate.