CFDs Rates & Conditions

CFDs on stocks
Coactorii Finance currently offers CFDs on the following exchanges:

Region Exchange Name Commission Minimum commission CFD Financing (long/short)
North America American Stock Exchange (AMEX)* 2 cents per share USD 20.00 3pp/-2.5pp
North America NASDAQ Global Markets (NASDAQ NM) 2 cents per share USD 20.00 3pp/-2.5pp
North America NASDAQ Capital Markets (NASDAQ SC) 2 cents per share USD 20.00 3pp/-2.5pp
North America New York Stock Exchange 2 cents per share USD 20.00 3pp/-2.5pp
North America NYSE ARCA (NYSE_ARCA) 2 cents per share USD 20.00 3pp/-2.5pp
North America Toronto Stock Exchange (TSE) 3 cents per share CAD 25.00 3pp/-2.5pp
Europe Athens Stock Exchange (AT) 0.40% EUR 12.00 3pp/-2.5pp
Europe Euronext Amsterdam (AMS) 0.10% EUR 12.00 3pp/-2.5pp
Europe Euronext Brussels (BRU) 0.10% EUR 12.00 3pp/-2.5pp
Europe Euronext Lisbon (LISB) 0.10% EUR 12.00 3pp/-2.5pp
Europe Euronext Paris (PAR) 0.10% EUR 12.00 3pp/-2.5pp
Europe Frankfurt Stock Exchange - Xetra (FSE) 0.10% EUR 12.00 3pp/-2.5pp
Europe London Stock Exchange (LSE) 0.10% GBP 8.00 3pp/-2.5pp
Europe London International Exchange (LSE_INTL) 0.10% USD 20.00 3pp/-2.5pp
Europe Milano Stock Exchange (MIL) 0.10% EUR 12.00 3pp/-2.5pp
Europe OMX Copenhagen (CSE) 0.10% DKK 65.00 3pp/-2.5pp
Europe OMX Helsinki (HSE) 0.10% EUR 10.00 3pp/-2.5pp
Europe OMX Stockholm (SSE) 0.10% SEK 65.00 3pp/-2.5pp
Europe Olso Stock Exchange (OSE) 0.10% NOK 65.00 3pp/-2.5pp
Europe Sistema De Interconexion Bursatil Espanol (SIBE) 0.10% EUR 12.00 3pp/-2.5pp
Europe Swiss Exchange (SWX) 0.10% CHF 18.00 3pp/-2.5pp
Europe Vienna Stock Exchange (VIE) 0.10% EUR 12.00 3pp/-2.5pp
Europe Warsaw Stock Exchange (WSE) 0.25% PLN 80.00 3pp/-2.5pp
Asia Pacific Australian Stock Exchange LTD. (ASX) 0.10% AUD 10.00 3pp/-2.5pp
Asia Pacific Hong Kong Stock Exchange (HKEY)** 0.25% HKD 90.00 3pp/-2.5pp
Asia Pacific Singapore Exchange Secirities Trading Limited (SGX-ST) 0.20% SGD 17.00 3pp/-2.5pp
Asia Pacific Tokyo Stock Exchange (TYO) 0.15% JPY 1,000.00 3pp/-2.5pp

*Due to limited liquidity in the exchange order book, market orders are not supported on this exchange as the fill price can vary considerably from the indicated market price. Use Limit Orders instead to guarantee the minimum price for your order.
**Continuous trading including a break between GMT 04:30 - 06:30.

Stock CFD Margins
Stock CFDs are listed in several margin groups depending on the market capitalization, liquidity and volatility of the underlying shares. Please, check the margin requirements for all stock here.

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

Index CFDs
Index CFDs are over-the-counter products where the price is established by Coactorii Finance. Index CFDs aim to reflect the fair value of the underlying index but the actual bid and ask price may differ slightly from the actual index level.

Index CFD spreads
Index CFDs are traded on the index level with the following bid/ask spreads:

Stock Index Symbol code Spread* Trading Hours** CFD Financing (long/short)
Netherlands 25 AEX.I 0.25 08:01-21:55 3pp/-2.5pp
Australia 200 ASXSP200.I 4 10:10-16:25 3pp/-2.5pp
France 40 CAC40.I 2 08:01-20:55 3pp/-2.5pp
Germany 30 DAX.I 2 08:01-21:55 3pp/-2.5pp
Denmark 20 DEN20.I 2.5 09:10-16:55 3pp/-2.5pp
US 30 Wall Street DJI.I 4 19:00-16:00 3pp/-2.5pp
UK 100 FTSE100.I 1 08:01-19:55 3pp/-2.5pp
Spain 35 IBEX35.I 8 09:01-17:30 3pp/-2.5pp
Germany Mid-Cap 50 MDAX.I. 15 09:10-17:30 3pp/-2.5pp
US Tech 100 NAS NAS100.I 1 19:00-16:00 3pp/-2.5pp
Japan 225 NI225.I 12 09:01-15:25 &
16:15-00:30
3pp/-2.5pp
Switzerland 20 SMI.I 3 08:01-17:20 3pp/-2.5pp
US SPX500 SP500.I 1 19:00-16:00 3pp/-2.5pp
Italy 40 SPMIB.I 12 09:10-17:25 3pp/-2.5pp
EU Stocks 50 STOXX50E.I 2 08:01-21:55 3pp/-2.5pp
Sweden 30 SWE30.I 0.65 09:10-17:25 3pp/-2.5pp
Belgium 20 BELG20.I 13 09:01-17:30 3pp/-2.5pp
UK Mid 250 FTSE250.I 44 08:01-16:30 3pp/-2.5pp
Norway 25 NOR25.I 1 09:10-17:20 3pp/-2.5pp
Germany Tech 30 TECDAX.I 4.5 09:10-17:30 3pp/-2.5pp
Hong Kong 40 HSI.I 12 09:31-16:10*** 3pp/-2.5pp

* Normal market conditions. If the underlying future trades at a spread that is larger than the minimum spread, the Index spread will be increased with the additional spread from the future. Example: Dax.I normal spread is 3 index points if the future spread is 0.5 indicating normal conditions. If the liquidity is low in the future and the spread is 1, the Index spread will be 3 (1-0.5) = 3.5.
** Please note that times noted are local exchange times.
*** Mid-break 12:00-13:30.

Index CFD Margin Requirements
For index CFDs, you must maintain a minimum of 4% of the investment value in your account to cover your CFD exposure at all times*

Available on the first EUR 300,000 of trading accounts, clients can double their leverage when trading Category 1 and 2 CFDs, including index trackers. For more information see our Margin Rates.

CFD Interest and Accrual Rates
If you hold a CFD after the stock market closes, you are subject to a financing fee or accrual:

  » 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 a mark-up as stated in the table above under CFD Financing (long/short) column).
  » 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 a mark-up as stated in the table above under CFD Financing (long/short) column).

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

*Interests will be paid for short positions if the appropriate Inter-bank Bid Rate minus the mark-down equals a negative number.

Borrowing Costs on Short CFD Overnight Positions
A borrowing cost will be applied to short CFD positions held overnight. This borrowing cost is dependent on the liquidity of the stocks and may be 0 for high liquidity stocks.

The borrowing rate will be fixed from the opening of the position. When opening a position, you will be able to see an estimated borrowing cost similar to the currently available estimated interest cost. Also, all interest charges will be visible on the instrument list in the trading platforms. The CFD borrowing cost will be charged on a monthly basis like CFD interest.

Currency Conversions
Currency conversions of trading costs as well as profits and losses from trading activities are done using the prevailing close rate as of 17:00 New York Time, plus/minus 0.5%.

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 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 takeovers, dividends, rights offerings (and other merger and acquisition activities) or increased hedge fund selling of the stock.

Dividends on CFD Positions
Holders of long CFD positions will, when dividends are paid on the underlying share, qualify for a proportional payout.

Holders of short CFD positions will have to pay an amount equal to the full (gross) dividend paid on the underlying share.

All cash dividends for CFD positions are settled on pay date. Cash dividends are booked on ex-date to reflect the market price movement on the ex-date, but the actual value of the payment is settled on pay date.

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.