FXCM: CFD Trading

[Ulrik Jensen]

Hi brendansvest,

There are no commissions for our CFD trading. The cost will be the spread. Please check here for the target spread on each product: CFD Product Details . For some of the contracts, you will see it listed as 2(4). This indicates the spread target is 2 during peak trading times and will increase to 4 outside of the most active trading times.

For example, the spread on the UK 100 can vary from 2 to 4 pips. If you trade one lot, then each pip is worth 1 pound, so the cost would be 2 to 4 pounds depending on the spread.

Note: Finance charges. All open positions at 5 p.m. (New York time) are rolled forward to the next trading day. If you hold a long (buy) position then you will be charged financing (LIBOR +3%) to roll the position, and if you are short you may receive financing (LIBOR -3%).

Hi Jason, looking into CFDs on Metals. The product guide you are referring to says min trade size is 1 for gold and 50 for silver. Wonder, what would be the size of 1CDF? Not sure, which margin is charged as well... Could you please educate me here? Tnx, mate

 

[Jason Rogers]

Hi Jason, looking into CFDs on Metals. The product guide you are referring to says min trade size is 1 for gold and 50 for silver. Wonder, what would be the size of 1CDF? Not sure, which margin is charged as well... Could you please educate me here? Tnx, mate

Hi Ulrik,

Thanks for the message and happy to help.

The margin requirement for trading the minimum size of 1 in gold is $4 USD or £3 GBP dependent on your account denomination, and the margin requirement for trading the minimum size of 50 in silveris $7.50 USD or £5 GBP depending on your account denomination.

Gold is traded in increments of listed on the platform as XAU/USD and silver is listed as XAG/USD.

Jason