We offer tight spreads and low commissions across a range of markets. Any charges we make are clearly and fully explained before you deal.
What we charge and why
See below for a detailed summary of our charges.
We make our money by charging spreads on all markets. This means we offer a 'buy' and 'sell' price either side of the underlying market price. The difference between these two prices is known as the 'spread'.
FTSE® 100 spreads start at just 1 point, EUR/USD is available from 0.8 points and major shares begin at only 0.1% per side. Spreads can fluctuate, especially in volatile market conditions.
Positions that remain open until the next day are charged a small funding fee.
Funding fees are built into the dealing price for most markets. However, there is no funding fee for share or spot forex positions that close the same day that they are opened.
Overnight shares funding
We make the funding adjustment at 10pm at a rate of one-month LIBOR +/- 2.5% of the closing price, for UK shares. For international shares, we use the interbank rate for the currency you are spread betting in.
Overnight spot forex funding
On spot forex positions, the overnight funding fee is based on the market 'tom-next' spread and includes a fee of 0.0055% of the closing price. Forex deals that remain open over the weekend combine three days of 'tom-next' spread into a single fee.
We convert any profit and loss in a foreign currency to the base currency on your account. We incur a conversion fee for this service, which we pass on to you.
The conversion is made automatically when a deal is closed. The currency conversion rate can be up to 0.3% of 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 if you have not opened, closed or updated an open position for two years or more. This is deducted from your account on the first day of every month you remain inactive, provided you have a positive balance on your account.
If your account is not held in GBP, please see help and support for more information.
We charge you the 1.5% administration fee levied upon us by card providers for credit and non-UK debit cards. We do not add on any mark-up.
We apply the same principle to same-day payments.
We charge a small premium for a controlled-risk bet with a guaranteed stop; this may vary due to market conditions and volatility. The premium is only charged on opening the position.
For more information on the controlled-risk premium, see our bet details.
Spread bets are leveraged products. Spread betting 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.