What are the costs?

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.

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 SABOR 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).

You will also earn interest on the cash surplus in your account which is calculated on a monthly basis (SABOR – 2%).

Commission

Monthly JSE royalty Fee for live prices

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)

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