Commissions

Spread Co offers a wide range of Currency CFDs which, like Spread Co's CFDs, are also offered on a commission-free basis. Spread Co does not charge you commissions for opening or closing a Currency CFD position. The prices quoted by Spread Co on the trading platform or telephone are live prices and include any price adjustments. This creates price transparency, giving you efficient execution on a given trading instrument at the spreads you can see in front of you, which are updated in real-time.

Financing

Like Share CFDs, foreign exchange transactions that are held overnight attract financing charges. However, unlike Share and Index CFDs, overnight financing is calculated using the interest rate differential between the two currencies. These charges are known as 'rollover charges' on FX transactions:

• If you are long 100,000 GBP/USD and you keep the position open overnight you will receive interest. This is because the interest rate for holding GBP is higher than for holding USD. To calculate the interest you will receive, Spread Co takes the difference between the interest on the two currency pairs and then applies a price adjustment known as a 'haircut'. The net difference is credited to your account on a daily basis.
• Similarly, if you were short 100,000 GBP/USD you would be charged overnight interest and the net difference debited to your account.