Costs

Cost Structure:

Margin - As the holder does not provide the full contract value a deposit needs to be paid to cover potential losses. This deposit varies but can be as low as 5% for some shares. A full list of margin requirements for all shares is available at here or use our CFD calculator . For stock index CFDs see here

Corporate action - All corporate actions in the underlying instrument will be reflected. This includes dividends and share splits.

Financing - In the same way as there is a finance cost/benefit in holding an underlying instrument, this is also reflected in holding a CFD. Financing (interest) applies to positions that are held open overnight.

On long CFD positions your account will be debited (charged) interest in respect of each day that your position is held open, whereas your account will be credited with daily interest (i.e. you will receive interest) on open short CFD positions.

The rate of interest charged will depend on the notional value of the position, and the currency in which the trade is held. SharenetCFDs base the rate on the South African REPO and a premium of 2.5% calculated from this base depending on whether you are long or short. (The premium is added to the base rate to calculate interest charges on long positions, and subtracted from the base rate to calculate the rate of interest paid on short positions).

Commission  

EQUITIES: 0.2% (charged on opening and closing of position) - Minimum charge of R100.

24 hour SA40 TRADING: no commission (take is 12 points during market hours and 30 points outside of market hours and is included in the spread)

Monthly JSE royalty Fee for live prices

Non-professional user

R49 per month (No cost if 1 transaction is conducted in the month)

Professional user

R174 per month (No cost if a minimum of 10 transactions are conducted in the month)

Advanced Charts

For access to world class technical analysis and charting built into our platform, simply activate "Advanced Charts" under the "account preferences" tab.

R300 per month (no cost if 4 transactions are conducted in the month)

Market Depth

For access to the best 5 bids and offers on a live basis, simply activate this option under the "account preferences" tab.

R20 per month (no cost if 1 transaction is conducted in the month)