Execution-only CFD Trading Charges
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The "Best Online Share Dealing Provider 2006 and 2007" - Your Money
Our CFD account benefits:
- NO Commission on Index & Sector CFDs
- NO Commission on Forex, Gold & Silver CFDs
- LOW Commission on Equity CFDs - trade from £15
CFD commissions and pricing
Interactive Investor are committed to offering our clients competitive spreads and charges across all markets. Please see the table below for our market charges
Spreads
The spread is the gap between the prices at which you go long or short on a particular market. If you are offered a spread on the UK 100 Index of 5014/5018, that 4-point gap separates the price above which you will profit from a rise if you go long from the one below which you will profit from a fall if you go short. Go long, and you will profit from every point that the UK 100 reaches above 5,018. Go short, and you will profit from every point that it falls below 5,014.
Dividend adjustments
The UK 100 CFD will be subject to a dividend adjustment for positions held at the close of business on the day before an ex-dividend date (usually this applies to positions held at close of business on a Tuesday). This is to reflect the fact that the UK 100 Index will (everything else being equal) open at a lower level on this date as some of the constituent members go ex-dividend. A dividend adjustment is credited to long CFD positions and debited from short CFD positions
Commission on equity CFDs
Our equity prices mirror the underlying market prices of the shares themselves. Because there is no spread beyond the market bid / offer prices, we charge a small commission on each equity CFD trade. Specific costs for these can be found in the on-line Market Information icons on the Trading Platform.
Financing charges
Overnight financing charges are applied on rolling positions – positions that have no set expiry and close only when you choose. Financing charges apply to the value of the trade less your margin on account for that position.
On equities positions, for example, overnight long rolling positions will be debited a financing charge of LIBOR + 2.5%, while short rolling positions will be credited finance of LIBOR - 2.5%. Similarly competitive rates are applied across all markets.
The latest details of our markets can be found in the on-line Market Information icons on the Trading Platform.
| Instrument | Currency | Commission Fee | Minimum Commission | Margin Requirement** | Financing Rate Long Position | Financing Rate Short Position | Guaranteed Stop Loss Premium |
|---|---|---|---|---|---|---|---|
| UK Shares | GBP | 0.15% | £15 | 10% or higher | LIBOR + 2.5% | LIBOR - 2.5% | 25 bp |
| US Shares | USD | 0.25% | US$ 25 | 10% or higher | LIBOR + 2.5% | LIBOR - 2.5% | Not Available |
| Euro Shares | EUR | 0.25% | € 25 | 10% or higher | LIBOR + 2.5% | LIBOR - 2.5% | Not Available |
| INDEX | One Index Point Equivalent | Hours of Operation | Max / Min Trade Size | Interactive Investor CFDs Spread* | Margin Req** | Commission in Local Currency |
|---|---|---|---|---|---|---|
| FTSE 100 | £1 | 06:30 - 21:15 | 3 - 500 250 out of hours |
4 6 (out of hours) |
5% | NO Commission |
| WALL STREET | US$1 | 06:30 - 21:15 | 3 - 750 3 - 400 (07:00 - 14:30) |
6 | 5% | NO Commission |
| S&P 500 | US$1 | 06:30 - 21:15 | 30 - 7500 30 - 4000 (07:00 - 14:30) |
0.8 | 5% | NO Commission |
| NASDAQ 100 | US$1 | 06:30 - 21:15 | 10 - 1000 | 3 | 5% | NO Commission |
| DAX 30 | € 1 | 06:30 - 21:15 | 3 - 750 3 - 75 (21:00-21:15) |
5 | 5% | NO Commission |
| CAC 40 | € 1 | 07:00 - 21:00 | 3 - 750 | 5 8 (out of hours) |
5% | NO Commission |
| SWISS MARKET | CHF 1 | 08:00 - 16:20 | 3 - 1000 | 8 | 5% | NO Commission |
| IBEX 35 | € 1 | 08:00 - 16:35 | 3 - 350 | 12 | 5% | NO Commission |
| MIB 30 | € 1 | 08:00 - 16:40 | 1 - 100 | 30 | 5% | NO Commission |
| EURO STOXX 50 | € 1 | 08:00 - 21:00 | 3 - 750 | 4 | 5% | NO Commission |
| NIKKEI DOW 225 | ¥ 1 | 06:30 - 21:15 | 100 - 2000 | 20 | 5% | NO Commission |
| HANG SENG | HK$ 10 | 06:30 - 16:00 | 6 - 200 | 20 | 5% | NO Commission |
| AEX | E 1 | 08:00 - 16:30 | 1 - 200 | 50 | 5% | NO Commission |
| Currency rate | Value per point of 1CFD | Hours of Operation | Minimum Trade Size | Interactive Investor CFDs Spread* | Margin Req** | Commission in Local Currency |
|---|---|---|---|---|---|---|
| EUR/USD CFD (US$ PER TICK) | US$ 1 | 06:30-21:15 | US$5 | 3 | 2% | NO Commission |
| GBP/USD CFD (US$ PER TICK) | US$ 1 | 06:30-21:15 | US$5 | 4 | 2% | NO Commission |
| USD/CHF CFD (SF PER TICK) | SF 1 | 06:30-21:15 | SF5 | 4 | 2% | NO Commission |
| USD/JPY CFD (Yen PER TICK) | YEN 1 | 06:30-21:15 | YEN 500 | 4 | 2% | NO Commission |
| AUD/USD CFD (US$ PER TICK) | US$ 1 | 06:30-21:15 | US$3 | 4 | 2% | NO Commission |
| USD/CAD CFD (C$ PER TICK) | C$ 1 | 06:30-21:15 | C$3 | 4 | 2% | NO Commission |
| EUR/CHF CFD (SF$ PER TICK) | SF 1 | 06:30-21:15 | SF$5 | 4 | 2% | NO Commission |
| EUR/GBP CFD (GBP PER TICK) | GBP 1 | 06:30-21:15 | GBP3 | 3 | 2% | NO Commission |
| EUR/JPY CFD (YEN PER TICK) | YEN 1 | 06:30-21:15 | YEN500 | 4 | 2% | NO Commission |
| GBP/JPY CFD (YEN PER TICK) | YEN 1 | 06:30-21:15 | YEN500 | 10 | 2% | NO Commission |
| GB/AUD (AUD PER TICK) | AUD 1 | 06:30-21:15 | AU$ 3 | 15 | 2% | NO Commission |
| GBP/CHF (CHF PER TICK) | CHF 1 | 06:30-21:15 | CHF | 10 | 2% | NO Commission |
| GBP/ZAR (RAND PER TICK) | ZAR 1 | 06:30-21:15 | RAND 10 | 800 | 2% | NO Commission |
| NZD/USD (US$ PER TICK) | US$ 1 | 06:30-21:15 | US$ 5 | 4 | 2% | NO Commission |
| Index | Value per point of 1CFD | Hours of Operation | Minimum Trade Size | Interactive Investor CFDs Spread* | Margin Req** | Commission in Local Currency |
|---|---|---|---|---|---|---|
| GOLD CFD ($) PER DOLLAR | US$ 1 | 06:30-21:15 | $10-$1000 per full dollar | 0.5 | 5% | NO Commission |
| SILVER CFD ($) PER CENT | US$ 1 | 06:30-21:15 | $10-$500 per full dollar | 3 | 5% | NO Commission |
| UK SECTOR CFDS | GBP 1 | 07:00-21:15 | GBP 2 | Please check for latest spread | 7.5% | NO Commission |
NOTES
* These figures are indicative, reflecting CFDs Spread as at 1st November 2007. Please contact Interactive Investor CFDs Customer Services for updated information.
** Refers to the margin or initial deposit - guarantees are not available on all stocks.