CFD Individual Equities

Click on an equity to view the individual offerings.

Equity

GFC
Commission

Minimum Comm-
ission

IM Factor
(Margin Req)

Basis of Price
Used for Finance Adjustments

GFC Trading Hours

Min/Max Size
1 cfd = 1 share

† Tick Factor

Currency

Example Price

Last Update

Australia 500

0.10%

AUD 10

5% top 20, 10% others

GFC quote 22:00
London time

UK 1:00 - 7:00
Local 10:00 - 16:00

1 / 25,000

1 Aussie cent

AUD

3.95

11/29/2007 3:33:31 PM

Austria 24

0.10%

€10

10%

GFC quote 22:00
London time

UK 08:00 - 16:30;
Local 09:00 - 17:30

1 / 10,000

1 euro cent

74.54

9/28/2007 3:48:47 AM

Belgium 20

0.10%

€10

10%

GFC quote 22:00
London time

UK 8:00 - 16:30
Local 9:00 - 17:30

1 / 10,000

1 euro cent

9.87

9/28/2007 3:48:58 AM

Denmark 20

0.10%

100 SEK

10%

GFC quote 22:00
London time

09:00 - 17:00 CET

1 / variable

0.01 of 1 Danish Krone

DKK

368

2/20/2008 12:42:57 PM

Finland 25

0.10%

10 EUR

10%

GFC quote 22:00
London time

10:00 - 18:20 CET

1 / variable

1 euro cent

EUR

22.22

2/20/2008 12:49:51 PM

France 250

0.10%

€10

10%

GFC quote 22:00
London time

UK 8:00 - 16:30
Local 9:00 - 17:30

1 / 10,000

1 euro cent

23.4

9/28/2007 3:50:13 AM

Germany 160

0.10%

€10

10%

GFC quote 22:00
London time

UK 8:00 - 16:30
Local 9:00 - 17:30

1 / 10,000

1 euro cent

1225

9/28/2007 3:49:10 AM

Italy 40

0.10%

€10

10%

GFC quote 22:00
London time

UK 8:10 - 16:25
Local 9:00 - 17:25

1 / 10,000

1 euro cent

18.32

9/28/2007 3:49:56 AM

Netherlands All-Share

0.10%

€10

10%

GFC quote 22:00
London time

UK 8:00 - 16:30
Local 9:00 - 17:30

1 / 10,000

1 euro cent

10.05

9/28/2007 3:47:50 AM

Norway 25

0.10%

100 NOK

10%

GFC quote 22:00
London time

09:00 - 16:20 CET

1 / variable

0.01 of 1 Norwegian Krone

NOK

128.55

2/20/2008 12:46:39 PM

Portugal 20

0.10%

10 EUR

10%

GFC quote 22:00
London time

09:00 - 17:30 CET

1 / variable

1 euro cent

EUR

120.25

2/20/2008 12:53:55 PM

Spain 35

0.10%

€10

10%

GFC quote 22:00
London time

UK 8:00 - 16:30
Local 9:00 - 17:30

1 / 10,000

1 euro cent

20.22

9/28/2007 3:49:28 AM

Sweden 30

0.10%

10 SEK

10%

GFC quote 22:00
London time

09:00 - 17:00 CET

1 / variable

0.01 of one Swedish Krona

SEK

1.79

2/20/2008 12:34:20 PM

Switzerland 28

0.10%

15 SF

10%

GFC quote 22:00
London time

UK 8:00 - 16:30;
Local 9:00 - 17:30

1 / 10,000

1 centime

SF

25.53

9/28/2007 3:57:13 AM

UK 350

0.10%

£7

10%

GFC quote 22:00
London time

UK 8:00 - 16:30

1 / 25,000

1p

£

250.5

9/28/2007 3:49:19 AM

US SPX 500

2.95 cents per share

$10

10%

GFC quote 22:00
London time

UK 14:30 - 21:00
Local 9:30 - 16:00

1 / 25,000

1 US cent

$

120.05

9/28/2007 3:50:05 AM

US Tech 100

2.95 cents per share

$10

10%

GFC quote 22:00
London time

UK 14:30 - 21:00
Local 9:30 - 16:00

1 / 25,000

1 US cent

$

35.65

9/28/2007 3:49:40 AM

US Wall Street 30

2.95 cents per share

$10

10%

GFC quote 22:00
London time

UK 14:30 - 21:00
Local 9:30 - 16:00

1 / 10,000

1 US cent

$

58.97

9/28/2007 3:50:32 AM

 

For CFD Stock Indices (cash markets), Individual Equities and FX, a +/- 3% financing charge will apply.

† 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.

Commissions

You pay commission at the rates set out above when trading on individual equity CFDs with GFC Global Markets and calculated as follows: (applicable commission rate x price bought or sold at) x number of CFDs.

A minimum commission rate also applies, as set out above.

Minimum / Maximum Trade Sizes

The values shown are indicative; maximum trade sizes will vary from share to share, according to underlying liquidity and, in the case of UK shares, “Normal Market Size”.

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 minimum number of CFDs (or “trade size”) for markets with GFC Global Markets is 100 for individual equities, and 1 CFD for all other markets. 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.

 

Finance Adjustments

All finance adjustments are carried out at on open positions at or after 10pm London time. For examples on how the rollover process is applied, please see Examples.

As you hold a position overnight (i.e. after 22:00 UK time), a finance adjustment is made to your account. This is calculated as follows:

f = (s x p x r) / d

where

f = daily financing charge

s = number of CFDs

p = closing price as determined by GFC Global Markets (usually this will be the price on close of the underlying share)

r = relevant overnight LIBOR rate, PLUS 300 basis points for long positions, or MINUS 300 basis points for short positions, e.g. (4.50% + 3.00%) = 7.50%

d = number of days, i.e. 365 for UK andAustralian indices and 360 for all others

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 90% of the gross dividend
Sell trades are debited 100% of the gross dividend

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 70% of the gross dividend
Sell trades are debited with 100% of the gross dividend

Euro and other non-UK Shares:

Buy trades – amounts 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 GFC Global Markets' usual times for trading a market; these may vary e.g. on market holidays and where daylight saving applies.

Unless indicated otherwise, times shown are London time.

Our normal dealing hours are from 22:00 Sunday to 22:00 on Friday.

Spreads

The spreads shown may vary according to underlying market liquidity or in “fast markets”.