CFD's TRADING RATES AND CONDITIONS
FFI Trader CFD spreads
| CFD Currency/ Exchange |
Spread Markup | Ticket Fee Threshold | Ticket Fee* |
|---|---|---|---|
| Helsinki (HSE) | +/-0.1% | 10,000 | 10 |
| AUD | +/-0.1% | 10,000 | 10 |
| CHF | +/-0.1% | 15,000 | 18 |
| DKK | +/-0.1% | 100,000 | 65 |
| EUR | +/-0.1% | 10,000 | 12 |
| GBP | +/-0.1% | 8,000 | 8 |
| JPY | +/-0.15% | 1,000,000 | 1,000 |
| NOK | +/-0.1% | 100,000 | 65 |
| NZD | +/-0.1% | 10,000 | 10 |
| SEK | +/-0.1% | 100,000 | 65 |
| SGD | +/-0.2% | 17,000 | 17 |
| USD | +/-0.1% | 10,000 | 20 |
| AT | +/-0.6% | 10,000 | 12 |
* For CFD trades below the Ticket Fee Threshold, a small ticket fee is added to the trade to cover administration costs as follows:
CFD Margins
Stock CFDs are offered under a number of margin groups with margin requirements that depend on the Market Capitalisation, liquidity and volatility of the stock.
| Margin Group | Category | Minimum margin |
|---|---|---|
| Group 1 | Indices and low risk stocks | 5% |
| Group 2 | Low-Medium risk stocks | 10% |
| Group 3 | Medium risk stocks | 15% |
| Group 4 | High risk stocks | 25% |
| Group 5 | Very High risk stocks | 50% |
| Group 6 | Extreme risk stocks | 100% |
Refer to CFD Margin Groups for which margin group a particular stock is currently traded under.
You must maintain funds in your account to cover your CFD exposure at all times.
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 3%).
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.
Stock Exchanges for CFDs
FFI Trader currently offers CFDs on the following exchanges:
| Exchange name | Country | Trading Hours (GMT) |
|---|---|---|
| American Stock Exchange (AMEX) * | USA | 13:30 - 20:00 |
| Euronext Amsterdam (AMS) | Netherlands | 07:00 - 15:25 |
| Australian Stock Exchange Ltd. (ASX) | Australia | 00:00 - 06:00 |
| Athens Stock Exchange (AT) | Greece | 08:30 - 13:30 |
| 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 SETS Market (LSE_SETS) | United Kingdom | 07:00 - 15:30 |
| Milano Stock Exchange (MIL) | Italy | 07:05 - 15:25 |
| Nasdaq Global Market (NASDAQ NM) | USA | 13:30 - 20:00 |
| Nasdaq Capital Market (NASDAQ SC) | USA | 13:30 - 20:00 |
| New York Stock Exchange (NYSE) | USA | 13:30 - 20:00 |
| Oslo Stock Exchange (OSE) | Norway | 07:00 - 14:20 |
| 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 |
| Wiener Börse (Vienna) Stock Exchange (VIE) | Austria | 07:21 - 15:30 |
| Virt-X (VX) | Switzerland | 07:00 - 15:20 |
* 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.
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. FFI Trader 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 FFI Trader and the Client.
