CFD Trading Costs
There is no commission to trade equity CFDs
with InterTrader. Your only charge for trading is contained in the dealing spread, that is, the difference between the buy price and the sell price.We simply add our charge either side of the current spread in the underlying market. So if you are trading a UK blue chip and the market spread is 250.2p-250.3p we’ll add 0.08%, or 0.2p, per side to create a dealing spread of 250.0-250.5.Similarly if you are trading CFDs on indices, forex or any other non-equity markets on the web-based platform your charge for trading is built into our dealing spread. The only exception is if you are trading forex CFDs on the MT4 platform, in which case you trade at the interbank market spread and pay your dealing charge as a small commission.
No stamp duty
Under current UK law, as CFDs don’t involve a physical purchase, there is no stamp duty to pay when you open a new position. You should also bear in my mind that, although any profits from CFD trading are liable to UK Capital Gains Tax, you can offset any losses against other income in the tax year. Laws are subject to change and for more detail we recommend you seek independent tax advice.
Financing and dividend adjustments
If you keep a position on an undated (non-expiring) market open overnight we will make an adjustment to your account to reflect the interest cost of holding your position.This is calculated as a debit for long positions and as a credit for short positions, using the Relevant Funding Rate (RFR) for overnight financing. The debit for long positions is based on the RFR +2.5% and the credit for short positions is based on the RFR -2.5%. (For this reason when interest rates are low you may actually be debited for a short position.)We also make adjustments when a share goes ex-dividend to reflect the consequent change in value of positions on that share (or on indices that include the share). This adjustment will be a credit for long positions and a debit for short positions.Full details of our financing and dividend adjustments can be found in our FAQs
No other charges
There are no other charges for trading CFDs with InterTrader. We do not charge you for: