Spread Betting Individual Equities (Daily Funded)

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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† Tick Factor = the price increment representing 1 whole betting unit, by which P&L and both initial and variation margin is calculated. The Notional Value of your bet is Price*Stake/Tick Factor

Spreads

The GFT Global Markets spread is added to the underlying market bid/offer spread and may vary according to the liquidity available in the underlying market.

Please note that market spreads can vary significantly, particularly at the start and end of a trading day.

Minimum / Maximum Bet Sizes

The values shown are indicative; maximum bet sizes will vary from equity to equity, according to underlying liquidity and, in the case of UK shares, "Normal Market Size."

The market information sheets indicate the usual minimum and maximum bet sizes in GBP; currency equivalents apply for non-GBP accounts.

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

The minimum stake for all shares is £1. A £1 stake on a UK share traded in GBP is equivalent in value to 100 shares.

DAILY FUNDED SPREAD BETS EXPIRY

All Daily Funded Spread Bets will expire on 31st March 2017.

Finance Adjustments

All finance adjustments are carried out at or after 17:00 ET.

As you hold a position overnight (i.e. after 17:00 ET), a +/- 2.5% finance adjustment is made to your account shortly after the stock market closes. This is calculated as follows:

f = (v * r) / d

where
f = daily financing charge
v = notional value of underlying instrument calculated based on closing price as determined by GFT
r = relevant interest rate, PLUS 250 basis points for long positions, or 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 index with denominated currency of GBP or AUD. Otherwise, we use 360 days.
(Notional value = Price * Bet size/Tick Factor)

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

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.

Short-Selling

Restrictions may be imposed on short-selling if for example the underlying stock is subject to a lack of liquidity.

Trading Hours

Times shown are GFT Global Markets' usual times for trading a market and are basis GMT unless otherwise stated; 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.

Questions about daily funded spread bets? View our FAQ.