CFDs and Spread Betting

Pricing

There are no account management fees associated with our Spreadbetting or CFD accounts. Commission is charged either directly or through the 'spread'. See below for full details.

Please bear in mind that:
  • CFD trading and Spread Betting carries a high level of risk to your capital with the possibility of quickly losing more than your initial investment.  They aren’t suitable for all investors and you should ensure you fully understand the risks involved and seek independent advice if necessary.

Apply online for a CFD and/or Spreadbetting account >

Print an application form >

Please ensure you read and understand the risk warnings, terms and policies and key features before trading.

Commission and Spreads

CFDs and Spread Bets incur charges in different ways. CFDs which are based on individual equities incur commission rates in the same way as shares that you may trade in an ISA or Dealing account.

Spread Bets do not attract commission; instead, the difference between the bid and offer price (the ‘spread’) is widened. This form of charge also applies to CFD indices, currencies, commodities and sectors.

The commission or spread applicable is shown next to each instrument on its market information sheet, which is displayed on the trading platform, and you should always refer to these. The tables below show some typical commission rates and spreads as at November 2010.

Equity CFDs

Instrument Commission Min. Commission
UK Shares 0.15% £12.50
US Shares 0.20% $30.00
Euro Shares 0.20% €30.00

Index and Currency CFDs

Instrument Commission Spread (Points)
UK100 £0 2
Wall Street £0 4
GBP/USD £0 4

Equity Spread Bets

Instrument Commission Spread (Points)
UK Shares £0 See each share’s
market information
sheet
US Shares £0
Euro Shares £0

Index and Currency Spread Bets

Instrument Commission Spread (Points)
UK100 £0 2
Wall Street £0 4
GBP/USD £0 4

Financing

In addition to commission, there is a financing charge which is payable on the difference between the total value of any trade and the margin deposited. Typically this financing charge only applies on daily trades which are rolled overnight. In normal circumstances, customers pay this financing charge on long positions but receive it on short positions. The table below shows the current rates:

Long position Short position
Finance charge: LIBOR + 2.25% LIBOR –2.5%

Note: When LIBOR is at a particularly low rate, customers may have to pay the financing fee on short positions as well as long.

Apply online for a CFD and/or Spreadbetting account >

Print an application form >

Please ensure you read and understand the risk warnings, terms and policies and key features before trading.

FTSE 100 chart

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Intraday data is delayed by 15 minutes.

Market data

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Name Latest Var
FTSE 100 5,895.47(c) +0.33%
FTSE 250 11,234.57(c) +0.65%
DOW INDUSTRIALS 12,909.99 +0.20%
HONG KONG HANG SENG INDIC 21,010.01 +0.00%
Nikkei 225 9,002.24(c) +0.00%