Spread as low as 0.4 points
Margin as low as 0.5%
No Commission

.

Spread as low as 0.03 points
Margin as low as 1%
No Commission

.

Spread: Underlying Bid/Ask
Margin as low as 5%
Commissions: 10 bp | US 3 cents per share*

.

Spread as low as 1 cent
Margin as low as 0.5%
No Commission

.

Spreads as low as 0.0
Margin as low as 0.5%
Commissions: 4 cents per 1k lot

.

Spread as low as 0.03 points
Margin as low as 1%
No Commission

.

* Minimum Commission of:  10 USD,  10 EUR,  10 GBP

Scroll to see a full list of instruments.

Scroll to see a full list of instruments.

Scroll to see a full list of instruments.

Scroll to see a full list of instruments.

Scroll to see a full list of instruments.

Spot CommoditySpreadMargin
Spot Gold0.40.50%
Spot Silver0.031%
Spot UK Crude0.031%
Spot US Crude0.031%

Scroll to see a full list of instruments.

BondSpreadMargin
Euro - Bund Futures0.03 (i.e. 3 with trade per 0.01)1.0%
UK Long Gilt Futures0.03 (i.e. 3 with trade per 0.01)2.0%
US T-Bond Futures0.06 (i.e. 6 with trade per 0.01)2.0%

Select country for a full list of instruments.

EquitiesMarginSpread
FranceAs low as 10%Underlying Bid/Ask
GermanyAs low as 10%Underlying Bid/Ask
NetherlandsAs low as 10%Underlying Bid/Ask
SpainAs low as 10%Underlying Bid/Ask
SwitzerlandAs low as 10%Underlying Bid/Ask
United KingdomAs low as 5%Underlying Bid/Ask
United StatesAs low as 5%Underlying Bid/Ask

Scroll to see a full list of instruments.

Marketing Information sheets

Financing and Rollovers

How it works

If a client holds a Cash CFD or Spot Forex position overnight (i.e. at 5pm EST), including weekends and public holidays, a Financing charge will normally be debited or credited to cover the cost of funding. 

For CFDs

For long (buy) trading positions, the client normally pays Financing and as such the trading account will be debited

For short (sell) trading positions, the client normally earns Financing and as such the trading account will be credited

The trading account will normally be debited and not credited with the Financing charge when 1 month LIBOR is less than the relevant Interest Markup.

Financing will not be debited/credited on a position that is opened and closed on the same trading day.

For Spot Forex

If a client holds the currency with the higher interest rate, the account will normally be credited the Financing.

If a client holds the currency with the lower interest rate, the account will normally be debited the Financing.

Note:

eqlx’s rollover rates are calculated by referencing the relevant 1 month LIBOR for all CFD products. 

Number of days is 365 for AUD and GBP; 360 for all others currencies.

The interest markup rates stated above are indicative only.

Financing Charge Calculation – Index CFD

Long Position Financing Cost = Notional Value of Instrument x (Underlying Interest Rate + Interest Markup) / Number of Days

Example: Long 250 CFDs of UK100 at a price of 5875.00, GBP based account and GBP LIBOR = 0.50%

Financing Cost = ((250 x 5875.00) x (0.50% + 3.0%)) / 365 = GBP 140.84

Short Position Financing Cost = Notional Value of Instrument x (Underlying Interest Rate – Interest Markup) / Number of Days

Example: Short 100 CFDs of DE30 at 9140.00, EUR based account EUR LIBOR = – 0.25%

Financing Cost = ((100 x 9140.00) x (-0.25% – 3.0%)) / 360 = EUR 82.51

Financing Charge Calculation – Spot Forex

Swap rates are calculated by using 1 day interest rate differentials for the two currencies concerned in the position

FX Long Position Financing Cost = Quantity x Swap Rate x (-1)

Example: Long 500,000 USD/JPY at 17:00 ET, GBP based account.

Financing Cost = 500,000 x (-0.0008) [Swap Rate] x (-1) = JPY 400

To convert back to account currency

GBP/JPY = 157.10

Financing Cost in Account Currency = 400/157.10 = GBP 2.54

FX Short Position Financing Cost = Quantity x Swap Rate

Example: Short 200,000 EUR/USD at 17:00 ET, USD based account.

Financing Cost = 200,000 x 0.000019 [Swap Rate] = USD 3.80

Financing Charge Calculation – Spot Oil

Rollovers for Spot Oil are calculated based on business days, therefore, no additional charges for carrying positions over a weekend or holiday will be applied. 

(EOD mid price of far month – EOD mid price of near month) / number of days + markup

Example:

number of days = 20

Relevant price of near month = 45.42

Relevant price of far month = 45.68

Financing Cost = (45.68 – 45.42)/20 + 0.01 = 0.023

Dividends and Fair Value

How it works

To be eligible to receive the dividends, clients must hold a CFD position in respect of the relevant equity or index on the ex-dividend date. The CFD can then be sold at any point after the market opens on the ex-dividend date and still receive the dividend payment.

The equity and index markets may be subject to a dividend adjustment as to reflect that the underlying asset will open at a lower level post-dividend date   

Ex-dividend will be credited or debited on positions held at 5pm EST.

A dividend adjustment is credited to long or buy CFD positions

A dividend adjustment is debited to short or sell CFD positions

NOTE:

eqlx will process dividend adjustment 1 day prior to ex-dividend date.

Long positions receive net of tax dividends while short positions pay gross dividend

Dividend adjustments for non – UK equites vary on local tax arrangements, please contact our trading desk for more information.

Formula: d = p x n

d = dividend

p = position

n = dividend declared

Equity CFD Dividend Calculation

Example: Long 10,000 shares of Vodafone (VOD.L) with net dividend declared at 2p.

d = 10,000 x 0.02 = £200 (credited)

Example: Short 5,000 shares of Barclays (BARC.L) with a net dividend declared at 5p.

d = 5,000 x 0.05 = £250 (debited)

Index CFD Dividend Calculation

Dividend adjustments to cash index CFD trades apply as follows:

Buy or Long trades are credited with the number of points by which the index concerned has been adjusted x trade size

Sell or Short trades are debited with number of points by which the index concerned has been adjusted x trade size

NB: The DAX 30 index is not subject to adjustments; it is a total returns index and as such all ex-dividends are automatically reflected in the price.

Formula: d = p x n

d = dividend

p = position

n = number of index points (dividend amount)

Example: Long 10 CFDs of US30 with a dividend at 8 index points.

d = 10 x 8 = $80 (credited)

Example:  Short 10 CFDs of UK100 with a dividend at 5 index points

d = 10 x 5 = £50 (debited)

Fair Value

For some cash markets, fair value adjustment may be applied where the underlying futures price will be adjusted for financing, dividends, storage and other adjustments to calculate the fair value price of the underlying cash index or commodity instrument.


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