MARKET INFORMATION SHEETS

GFT Global Markets UK Ltd., Worldwide Leaders in Online Trading

CFD Individual Equities

Click on an equity below to view the individual offerings.

Margin requirements shown in the table below are typical but can vary. View the complete list of individual equities, margin requirements and shorting availability as an Excel or PDF file.

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EquityGFT CommissionMinimum CommissionIM Factor (Margin Req)Basis of Price and Interest Rate Used for Finance AdjustmentsGFT Trading HoursMin / Max Size (1 cfd = 1 share)Tick Factor (per 100 CFDs)†CurrencyExample PriceLast Update
Australia0.1%10 AUD 5% on some stocks, 10% on othersBBA AUD LIBOR Spot Next rate at 17:00 New York time 10:00 - 16:00 Sydney time (Opening times are staggered from 10:00 Sydney time and are approximately: A-B 10:00; C-F 10:03; G-M 10:05; N-R 10:07; S-Z 10:09) 1 / No Max1 AUD cent AUD 2.45507/06/2011
Austria0.1%10 EUR 10%BBA LIBOR EUR Overnight rate at 17:00 New York time UK 08:00 - 16:30;
Local 09:00 - 17:30
1 / No Max1 Euro cent EUR 76.5407/06/2011
Belgium0.1%10 EUR 10%BBA LIBOR EUR Overnight rate at 17:00 New York time UK 8:00 - 16:30
Local 9:00 - 17:30
1 / No Max1 Euro cent EUR 9.8707/06/2011
Denmark0.1%100 DKK 10%BBA DKK LIBOR Spot Next rate at 17:00 New York time 09:00 - 16:55 CET 1 / No Max0.01 of 1 Danish Krone DKK 36807/06/2011
Depository Receipts and Exchange Traded Funds (ADRs, GDRs and ETFs)VARIABLE - please contact Trading Desk for detailsADRs/GDRs: 10 USD ETFs: GFT minimum commission for the country of listingVARIABLE - please see share list (link at top of page)BBA USD LIBOR Overnight rate at 17:00 New York time See GFT trading hours for country of listing
1 / No Max1 cent Variable 28.6415/03/2011
Euro Sectors0.1%10 EUR10%BBA LIBOR EUR Overnight rate at 17:00 New York Time UK: 8:00 - 16:30
Local: 9:00 - 17:30
1 / No Max1 Euro centEUR25.31507/06/2011
Finland0.1%10 EUR 10%BBA LIBOR EUR Overnight rate at 17:00 New York time 10:00 - 18:20 Helsinki time 1 / No Max1 Euro cent EUR 22.2207/06/2011
France0.1%10 EUR 10%BBA LIBOR EUR Overnight rate at 17:00 New York time UK 8:00 - 16:30
Local 9:00 - 17:30
1 / No Max1 Euro cent EUR 23.407/06/2011
Germany0.1%10 EUR 10%BBA LIBOR EUR Overnight rate at 17:00 New York time UK 8:00 - 16:30
Local 9:00 - 17:30
1 / No Max1 Euro cent EUR 38.1807/06/2011
Hong Kong0.3%25 HKD10%HIBOR – Hong Kong Interbank Offer Rate at 17:00 New York time 09:30 - 12:00; 13:00 - 16:00 Hong Kong time 1 / No Max1 HKD centHKD24.8502/03/2012
Hungary0.25%3500 HUF 25%BBA LIBOR HUF Overnight rate at 17:00 New York time UK 08:02 - 16:00
Local 09:02 - 17:00
1 / No Max1 HUF cent HUF 936007/06/2011
Italy0.1%10 EUR 10%BBA LIBOR EUR Overnight rate at 17:00 New York time UK 8:10 - 16:25
Local 9:10 - 17:25
1 / No Max1 Euro cent EUR 18.3207/06/2011
Netherlands0.1%10 EUR 10%BBA LIBOR EUR Overnight rate at 17:00 New York time UK 8:00 - 16:30
Local 9:00 - 17:30
1 / No Max1 Euro cent EUR 10.0507/06/2011
Norway0.1%100 NOK 10%NIBOR one week rate at 17:00 New York time 09:00 - 17:20 CET 1 / No Max0.01 of 1 Norwegian KroneNOK 128.5507/06/2011
Poland0.25%50 PLN25%WIBOR - Warsaw Interbank Offer Rate Overnight at 17:00 New York time 9:00 - 17:20 CET 1 / No Max
No Shorting Allowed
1 Polish groszPLN16.9507/06/2011
Portugal0.1%10 EUR 10%BBA LIBOR EUR Overnight rate at 17:00 New York time 09:00 - 17:30 CET 1 / No Max0.01 of 1 Euro cent EUR 120.2507/06/2011
Singapore0.25%20 SGD10%Association of Banks in Singapore SIBOR 1 Month at 17:00 New York time 09:00 - 17:00 Singapore Time 1 / No Max1 SGD centSGD3.1223/09/2011
South Africa (on request)0.45%150 ZAR 10%BBA LIBOR ZAR Overnight rate at 17:00 New York time 09:00 - 17:00 Johannesburg time 1 / No Max1 ZAR cent ZAR 878720/04/2012
Spain0.1%10 EUR 10%BBA LIBOR EUR Overnight rate at 17:00 New York time UK 8:00 - 16:30
Local 9:00 - 17:30
1 / No Max1 Euro cent EUR 20.2207/06/2011
Sweden0.1%100 SEK 10%Stockholm Interbank Offer Tom/Next rate at 17:00 New York time 09:00 - 17:20 CET 1 / No Max0.01 of one Swedish KronaSEK 1.7907/06/2011
Switzerland0.1%15 CHF 10%BBA CHF LIBOR Spot Next rate at 17:00 New York time UK 08:00 - 16:20;
Local 09:00 - 17:20
1 / No Max1 centime CHF 20.5310/06/2011
UK0.1%7 GBP (UK 350 5% to 10%) (AIM 50 25%)BBA GBP LIBOR Overnight rate at 17:00 New York time UK 8:00 - 16:30 1 / No Max1 pence GBp 250.507/06/2011
US2.95 cents per share10 USD 10%BBA USD LIBOR Overnight rate at 17:00 New York time UK 14:30 - 21:00
Local 9:30 - 16:00
1 / No Max1 US cent USD 120.0507/06/2011

† Tick Factor = the price increment representing 1 whole trading unit, by which P&L and both initial and variation margin is calculated. For non-FX CFDs, the Notional Value of your underlying transaction is Price * Number of CFDs/Tick Factor.

Finance Adjustments

All finance adjustments for open positions in cash indices are carried out at or after 17:00 ET. Finance adjustments are not made on open positions on CFD futures markets.

As you hold a position overnight (i.e. after 17:00 ET), a finance adjustment is made to your account. This is calculated as follows:

f = (v * r) / d

where
f = daily financing charge
v = notional value of underlying index calculated based on closing price as determined by GFT
r = relevant interest rate, PLUS 250 basis points for long positions, MINUS 250 basis points for short positions, e.g. (0.50% + 2.50%) = 3.00%
d = number of days, i.e. we use 365 days for indices with denominated currency of GBP or AUD. Otherwise, we use 360 days.
(Notional value = Price * Number of CFDs/Tick Factor)

Long (buy) trade positions are debited the daily financing charge
Short (sell) positions are credited the daily financing charge

Dividends

Dividend adjustments to cash index CFD trades apply as follows:

Buy trades are credited with (number of points by which the index concerned has been adjusted x trade size).

Sell trades are debited with (number of points by which the index concerned has been adjusted x trade size).

Minimum / Maximum Trade Sizes

Maximum trading sizes vary according to underlying liquidity, market conditions and whether the underlying market is classed as being quoted by GFT Global Markets as "out of hours", i.e. outside of regular trading hours.

The market information sheets indicate the usual minimum and maximum trading sizes in GBP; currency equivalents apply for non-GBP accounts, or when trading on markets denominated in a currency other than GBP.

Restrictions may be applied to maximum trade sizes whether opening or closing.

The lot size of the corresponding underlying market is provided for your information, as a guide to minimum market trading size.

When you trade CFDs you are always trading the in "base" currency of the underlying market. E.g. if you trade a US share, you are trading in US dollars per one cent movement.

Trading Hours

Times shown are GFT Global Markets' usual times for trading a market; these may vary e.g. on market holidays and where daylight saving applies.

Our normal dealing hours are from 17:00 Sunday to 17:00 on Friday Eastern Time.

Spreads

The spreads shown may vary according to underlying market liquidity, or in "fast markets".

Dividends

Current rates of dividend adjustments are as follows:

UK Shares: Buy trades are credited with 100% net dividend declared.
Sell trades are debited with 100% net dividend declared.
US Shares: Buy trades are credited with 85% of the gross dividend.
Sell trades are debited with 100% of the gross dividend.
Australian Shares: Buy trades are usually credited with 100% of the franked declared dividend and 85% of the non-franked proportions of the declared dividend.
Sell trades are debited with 100% of the gross dividend.
Euro and other non-UK shares: Buy trades and amount vary from country to country.
Sell trades are debited with 100% of the gross dividend.
CD01UK.311.210910

Disclaimer: Trading spot forex, CFDs, and spread bets is risky and not suitable for everyone. All of these products (excluding Binary CFDs and Binary Spread Bets) are leveraged, and you can lose more than your initial deposit. Don't trade more than you can afford to lose.
GFT Global Markets UK Ltd. is authorised and regulated by the Financial Services Authority.