We offer tight spreads and low commissions across a range of markets. Any charges we make are clearly and fully explained before you trade.
Browse our full range of markets for more information.
What we charge and why
An overview of our charges is shown below.
Please visit our transparent charges page for full details.
Spread and commission
We offer share CFDs at the underlying market price and charge you a commission to open and close your position.
On all other markets we make money by adding a spread to the underlying market price.
We charge a small funding fee if you hold a position overnight.
For share CFDs and standard cash index trades, this fee is the one-month interbank rate +/-2.5%. For non-standard GBP-denominated index CFDs, or indices mini contracts, the fee is the one-month interbank rate +/-3%. The interbank rate used is based on the currency you're trading in eg LIBOR for trades in pound sterling.
On forex positions, the overnight fee is the 'tom-next' rate plus an administrative fee of no more than 0.3% on either side of the tom-next spread. For mini contracts, this charge is no more than 0.8%.
We automatically convert any profit or loss into the base currency you set up on your account.
We do this at a rate not worse than 0.3% from the mid-price at the point of conversion.
We do not charge margin call fees, tax statement fees, audit fees for disputes or platform fees. You will also not be charged for withdrawing funds or phone trading.
However, we do charge a monthly inactivity fee of £12 on the first of the month if no trading activity has occurred for two years or more, provided you have a positive balance on your account. ‘Trading activity’ is defined as opening or closing a position, or updating an open position.
If your account is not held in GBP, please see help and support for more information.
We charge you a payment-processing fee that is levied upon us by card providers. This applies to credit cards and non-UK debit cards. We do not add on any mark-up.
The same principle applies to same-day payments.
We also charge a fee for access to live share prices, but this is refundable if you place a minimum number of trades per month. This limit is usually one trade. You can view further details in My Account > Data Feeds after you log in to our trading platform.
We may charge you a borrowing fee to open a short share CFD position. This only happens when a lender charges us to borrow the shares needed to open your trade.
We charge a small premium when you open a position with a guaranteed stop.
Visit our transparent charges page for further details.
CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.