CFD spreads and conditions...

 Spectrum Live CFD spreads

Stock CFDs are traded on a highly competitive bid/ask spread.
 

 Ticket fees for low-value trades

For CFD trades below the Ticket Fee Threshold, a small ticket fee is added to the trade to cover administration costs as follows.
CFDs Ticket Fee Threshold Ticket Fee
US USD 10,000 USD 50
Euro-based EUR 10,000 EUR 50
UK GBP 8,000 GBP 50
Swiss CHF 15,000 EUR 50
Australian AUD 10,000 AUD 30
New Zealand NZD 10,000 NZD 50
Swedish SEK 100,000 EUR 50
Norwegian NOK 100,000 EUR 50

 CFD interest and accrual rates

As CFDs are a margined product, you finance the trade value and a financing fee or accrual for every day you hold the CFD after the stock market closes will be charged.

When you buy a CFD, you are subject to a financing charge at the Inter-Bank Offer Rate for the currency in which the share is traded (e.g. LIBOR plus 2.5%).

When you short sell a CFD, you receive an interest accrual at the Inter-Bank Bid Rate for the currency in which the share is traded (e.g. LIBID minus 2.5%).

If you open and close a CFD position within one trading day, you are not subject to these charges or accruals.

 Index CFD spreads

Index CFDs are traded on the index level with the following bid/ask spreads.
Stock Index Spread Trading Hours (GMT)
S&P 500 Index 1 index point 13:30 - 20:00
NASDAQ 100 Stock Index 3 index points 13:30 - 20:00
Dow Jones Industrial Average 7 index points 13:30 - 20:00
FTSE 100 Index 3 index points 07:00 - 15:30
DAX 30 Performance Index 3 index points 07:00 - 15:30
CAC 40 Index 5 index points 07:00 - 15:25
Swiss Market Index 7 index points 07:00 - 15:30
ASX S&P 200 Index 4 index points 00:00 - 06:00
OMX Stockholm Index 1 index point 07:00 - 15:20

 Stock  Exchanges for CFDs

Spectrum Live currently offers CFDs on the following exchanges:

Exchange name Country Trading Hours (GMT)
American Stock Exchange (AMEX) United States of America 13:30 - 20:00
Euronext Amsterdam (AMS) Netherlands 07:00 - 15:25
Australian Stock Exchange Ltd. (ASX) Australia 00:00 - 06:00
Euronext Brussels (BRU) Belgium 07:00 - 15:25
Copenhagen Stock Exchange (CSE) Denmark 07:00 - 14:50
Frankfurt Stock Exchange (FSE) Germany 07:00 - 15:30
Helsinki Stock Exchange (HSE) Finland 07:00 - 15:20
Euronext Lisbon (LISB) Portugal 07:00 - 15:25
London Stock Exchange (LSE) United Kingdom 07:00 - 15:30
London Stock Exchange SEAQ Market (LSE_SEAQ) United Kingdom 07:00 - 15:30
London Stock Exchange SETS Market (LSE_SETS) United Kingdom 07:00 - 15:30
Milano Stock Exchange (MIL) Italy 07:10 - 15:25
Nasdaq National Market (NASDAQ NM) United States of America 13:30 - 20:00
Nasdaq SmallCap Market (NASDAQ SC) United States of America 13:30 - 20:00
New York Stock Exchange (NYSE) United States of America 13:30 - 20:00
Oslo Stock Exchange (OSE) Norway 08:00 - 14:00
Euronext Paris (PAR) France 07:00 - 15:25
Singapore Exchange Securities Trading Limited (SGX-ST) Singapore 01:00 - 09:00
Sistema De Interconexion Bursatil Espanol (SIBE) Spain 07:00 - 15:30
Stockholm Stock Exchange (SSE) Sweden 07:00 - 15:20
Swiss Exchange (SWX) Switzerland 07:00 - 15:30
Tokyo Stock Exchange (TYO) Japan 00:00 - 06:00
Vienna Stock Exchange (VIE) Austria 07:21 - 15:30
Virt-X (VIRT-X) Switzerland 07:00 - 15:20

 CFD Margins

You must maintain funds in your account to cover your CFD exposure at all times:

 Conversion of currencies

All conversions will be done using the prevailing exchange rate plus/minus 0.5%. This includes, but is not limited to, conversions of transferred amounts and profits and losses from trading activities.

 Short Selling CFDs

When short selling a CFD directly on an exchange (that we do not market-make), you will be affected by the rules for the stock market in that country. For example:

For US CFDs, an up-tick rule applies where you can only short sell on an up-tick.

For Australian CFDs, you may experience limitations on the amount of CFDs you can short trade in a single day due to limited borrowing availability in the underlying market.

When short selling CFDs, you can experience forced closure of a position if your CFDs get recalled. The risk is particularly high if the stock becomes hard to borrow due to take overs, dividends, rights offerings (and other merger and acquisition activities) or increased hedge fund selling of the stock.

 Partial Fills

Partial fills may occur on limit orders and the remaining amount stays in the market as a limit order and may be filled within the order duration. Market orders can be filled at numerous levels, the price paid will be the volume weighted average price of all the fills.

The commission and margin rates referred to above may vary from time to time especially for very active or inactive customers. Spectrum Live reserves the right to amend the commission rates, brokerage fees, margin rates and interest rates referred to according to the General Business Terms or Trading Agreement covering the client relationship between Spectrum Live and the Client.

 

  
 

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