IMPORTANT NOTICE TO ALL CLIENTS - Please click here

Costs of Trading

Commission The commission varies by market, size and frequency of trading, however it is usually around 0.25%, however large or institutional traders pay substantially less.

Funding
Whilst holding a purchased CFD, your account will be charged daily interest on the amount of the initial contract value. A holder of a long CFD pays interest on the value of the contract, because MF Global Direct has effectively financed the value of the trade. The interest rate charged fluctuates and clients should consult their account executive for the latest rates.

Dividends
If you are holding a purchased CFD then 90% of any dividend payment due on the underlying share will be credited to your account. If you hold sold CFDs you will be debited 100% of any dividend payments.

Placing Orders
Orders are placed online in a similar way to online share dealing. In many cases the confirmation will be immediate for market orders.

Margin Requirements
The margin charged for CFDs, varies from 10% upwards and depends upon both the volatility of the market and volatility of the individual stock. Positions are marked to market, daily and the initial margin has to be maintained. In cases of adverse market movement investors are liable to pay additional margin. This high leverage means that only experienced traders are able to open CFD accounts. Check out individual margins.

Minimum Account Size
Our minimum account size is £10,000.
 

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Futures, CFD, Margined Foreign Exchange trading and Spread Betting carries a high level of risk to your capital. A key risk of leveraged trading is that if a position moves against you, the customer, you can incur additional liabilities far in excess of your initial margin deposit. Only speculate with money you can afford to lose. Futures, CFD, Margined Foreign Exchange trading and Spread Betting may not be suitable for all customers, therefore ensure you fully understand the risks involved and seek independent financial advice if necessary.

Registered Office : Sugar Quay, Lower Thames Street, London EC3R 6DU, England.
International Phone: +44 (0) 20 7144 5500 European Free Phone: + 8004414 4414 fax: +44 (0) 20 7144 6710.
E-mail: trading@mfglobal.com. MF Global Direct is a trading name of MF Global UK Limited which is authorised and regulated by the Financial Services Authority. Registered in England No. 1600658. All information is subject to the terms of THIS DISCLAIMER. Copyright © MF Global Limited. All Rights Reserved.