Rates & Charges
CFDs Trading Service
Commission and Charges Tariff
The commission and charges you will pay for the TD Waterhouse CFDs Trading Service vary according to the exchange where the shares are quoted, whether you have a guaranteed stop loss and whether you are trading long (for price rise) or trading short (for price fall). The table below gives full details.
Equity CFDs
| Instrument | Commission Fee | Minimum Commission | Initial Margin From | Funding Interest Long Position | Funding Interest Short Position | Guaranteed Stop Loss Premium |
|---|---|---|---|---|---|---|
| UK Shares | 0.20% | £20 | 10% | LIBOR +2.5% | LIBOR -3% | 0.25% |
| US Shares | 0.30% | $30 | 10% | LIBOR +2.5% | LIBOR -3% | 0.25% |
| Euro Shares | 0.30% | €30 | 10% | LIBOR +2.5% | LIBOR -3% | 0.25% |
Index CFDs
| Instrument | Commis- sion Fee (Flat Fee) | TD Waterhouse CFD Spread (Points) | Initial Margin From | Funding Interest Long Position | Funding Interest Short Position | Guaranteed Stop Loss Premium |
|---|---|---|---|---|---|---|
| FTSE 100 | £20 | 6 | 5.0% | LIBOR +2.5% | LIBOR -3% | 3 (Index points) |
| Wall Street | $30 | 8 | 5.0% | LIBOR +2.5% | LIBOR -3% | 4 (Index points) |
| S&P 500 | $30 | 0.8 | 5.0% | LIBOR +2.5% | LIBOR -3% | 0.4 (Index points) |
| NASDQ 100 | $30 | 4 | 7.5% | LIBOR +2.5% | LIBOR -3% | N/A |
| DAX 30 | €30 | 6 | 7.5% | LIBOR +2.5% | LIBOR -3% | N/A |
| CAC 40 | €30 | 8 | 7.5% | LIBOR +2.5% | LIBOR -3% | N/A |
| Swiss Market | SFR40 | 12 | 7.5% | LIBOR +2.5% | LIBOR -3% | N/A |
| IBEX 35 | €30 | 14 | 7.5% | LIBOR +2.5% | LIBOR -3% | N/A |
| MIB 30 | €30 | 40 | 7.5% | LIBOR +2.5% | LIBOR -3% | N/A |
| Euro Stoxx 50 | €30 | 6 | 7.5% | LIBOR +2.5% | LIBOR -3% | N/A |
| Hang Seng | HK$250 | 20 | 7.5% | LIBOR +2.5% | LIBOR -3% | N/A |
| Nikkei | ¥3765 | 20 | 7.5% | LIBOR +2.5% | LIBOR -3% | N/A |
| Gold | $30 | $1 | 7.5% | LIBOR +2.5% | LIBOR -3% | 30 cents on the price |
Notes:
- For commission rates and charges relating to instruments not mentioned above please contact TD Waterhouse CFDs for further information.
- TD Waterhouse CFDs Equity CFDs are available on UK, US and European equities as follows:
- UK Equities: FTSE 350 and equities whose market capitalisation is greater than £50 Million.
- US Equities: Quoted on NYSE and NASDAQ (normally market capitalisation greater than US$500 Million).
- European Equities: Quoted on the major exchanges (normally market capitalisation greater than €500 Million.
- Interest will be based on overnight LIBOR (11am British Bankers Association London Fixing) for each currency.
- 'Funding Interest' can also be referred to as the TD Waterhouse CFDs financial spread.
- Guaranteed Stop Losses are only available at TD Waterhouse CFDs absolute discretion.
- In the case where there is no LIBOR rate available TD Waterhouse CFDs will use an alternative rate.
- For full details of the TD Waterhouse CFDs Trading Service please refer to the TD Waterhouse CFDs Terms of Service.
- These commissions and charges as at 26 January 2004 are subject to variation in accordance with the TD Waterhouse CFDs Terms of Service. Please contact TD Waterhouse CFDs if you wish to confirm these charges.
- TD Waterhouse CFDs is a trading name of City Index Limited which is authorised and regulated by the Financial Services Authority.
Financial Spread Betting
We do not charge a separate commission for Financial Spread Betting, the cost of the service is built into the spread that we offer depending on the product purchased. For full details please see our Financial Spread Betting Market Information Sheets.
