MARKET INFORMATION SHEETS

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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
Australia0.10%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 AUS cent AUD 2.45523/10/2009
Austria0.10%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 76.5423/10/2009
Belgium0.10%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 9.8723/10/2009
Denmark0.10%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 36815/04/2011
Depository Receipts and Exchange Traded Funds (ADRs, GDRs and ETFs)2.95 cents per share10 USD VARIABLE - please contact Trading Desk for detailsBBA USD LIBOR Overnight rate at 17:00 New York time 09:30 - 16:00 EST 1 / No Max1 US cent USD 28.6415/03/2011
Euro Sectors0.10%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 centEUR25.31519/10/2010
Finland0.10%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 22.2223/10/2009
France0.10%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 23.423/10/2009
Germany0.10%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 122523/10/2009
Greece0.45%10 EUR20 %BBA LIBOR EUR Overnight rate at 17:00 New York time 10:30 to 17:00 EET 1 / No Max1 Euro CentEUR4.59510/06/2011
Hong Kong0.30%25 HKD10%HIBOR – Hong Kong Interbank Offer Rate at 17:00 New York time 09:30 - 12:00; 13:30 - 16:00 Hong Kong time 1 / No Max1 HKD centHKD24.8508/06/2011
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 936023/10/2009
Italy0.10%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 18.3202/03/2010
Netherlands0.10%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 10.0523/10/2009
Norway0.10%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 128.5523/10/2009
Poland0.25%50 PLN25%WIBOR - Warsaw Interbank Offer Rate Overnight at 17:00 New York time 9:00 - 17:20 CET 1 / No Max1 Polish groszPLN16.9526/01/2011
Portugal0.10%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 120.2523/10/2009
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 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 878723/10/2009
Spain0.10%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 / 10,0001 Euro cent EUR 20.2216/02/2009
Sweden0.10%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 1.7923/10/2009
Switzerland0.10%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
UK0.10% 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 250.519/10/2010
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

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

Commissions

You pay commission at the rates set out above when trading on individual equity CFDs with GFT 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 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 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 instrument calculated based on closing price as determined by GFT
r = relevant interest 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. we use 365 days for index 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

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 & 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 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".

CD01A.407.092010

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.