CFDs
Bid/Ask Spreads
Internaxx doesn't charge any spreads to its clients and forwards directly the market prices.
Equity CFDs
Commissions are charged on the opening and closure of a position. Further, to maintain transparency, Internaxx does not add any spreads to the market bid/ask prices.
| Market |
Commission |
Minimum
Commission |
Financing
(Long/Short) |
Margin Req.
from* |
AMEX
Nasdaq
New York Stock Exchange |
0.16% |
USD 20 |
+3.0% / -2.50% |
20% |
| Toronto Stock Exchange |
0.16% |
CAD 25 |
+3.5% / -3.25% |
20% |
| Euronext Amsterdam |
0.15% |
EUR 15 |
+3.0% / -2.50% |
20% |
| Euronext Brussels |
0.15% |
EUR 15 |
+3.0% / -2.50% |
20% |
| Euronext Lisbon |
0.15% |
EUR 15 |
+3.0% / -2.50% |
20% |
| Euronext Paris |
0.15% |
EUR 15 |
+3.0% / -2.50% |
20% |
| Frankfurt Stock Exchange Xetra |
0.15% |
EUR 15 |
+3.0% / -2.50% |
20% |
| London Stock Exchange (LSE) |
0.15% |
GBP 15 |
+3.0% / -2.50% |
20% |
| Milan Stock Exchange |
0.15% |
EUR 15 |
+3.0% / -2.50% |
20% |
| OMX Stockholm |
0.15% |
SEK 100 |
+3.0% / -2.50% |
20% |
| OMX Copenhagen |
0.15% |
DKK 100 |
+3.0% / -2.50% |
20% |
| OMX Helsinki |
0.15% |
EUR 15 |
+3.0% / -2.50% |
20% |
| Oslo Stock Exchange |
0.15% |
NOK 100 |
+3.0% / -2.50% |
20% |
| Barcelona Stock Exchange |
0.15% |
EUR 15 |
+3.0% / -2.50% |
20% |
| Swiss Stock Exchange |
0.15% |
CHF 25 |
+3.0% / -2.50% |
20% |
| Vienna Stock Exchange |
0.15% |
EUR 15 |
+3.0% / -2.50% |
20% |
| Athens Stock Exchange |
0.60% |
EUR 15 |
+3.0% / -2.50% |
20% |
| Sydney Stock Exchange |
0.15% |
AUD 20 |
+3.0% / -2.50% |
20% |
| Tokyo Stock Exchange |
0.20% |
JPY 2,000 |
+3.0% / -2.50% |
20% |
*The margin requirements may be 30%, 50%, 75% or 100% according to the liquidity of the underlying security. Exact margin requirements by CFD are detailed in the derivatives platform.
Index CFDs
| Instrument |
Spread
(Idx points) |
Additional
Commission |
Financing
(Long/Short) |
Margin Required
|
| AEX |
2 |
EUR 15 |
+3.0% / -2.50% |
10% |
| CAC 40 |
5 |
EUR 15 |
+3.0% / -2.50% |
10% |
| DAX |
3 |
EUR 15 |
+3.0% / -2.50% |
10% |
| FTSE 100 |
3 |
GBP 15 |
+3.0% / -2.50% |
10% |
| IBEX 35 |
5 |
EUR 15 |
+3.0% / -2.50% |
10% |
| OMX |
1 |
SEK 100 |
+3.0% / -2.50% |
10% |
| S&P MIB |
40 |
EUR 15 |
+3.0% / -2.50% |
10% |
| SMI |
7 |
CHF 25 |
+3.0% / -2.50% |
10% |
| STOXX50E |
5 |
EUR 15 |
+3.0% / -2.50% |
10% |
| DOW JONES |
7 |
USD 15 |
+3.0% / -2.50% |
10% |
| NASDAQ 100 |
3 |
USD 15 |
+3.0% / -2.50% |
10% |
| S&P 500 |
1 |
USD 15 |
+3.0% / -2.50% |
10% |
| NIKKEI 225 |
30 |
JPY 1000 |
+3.0% / -2.50% |
10% |
| ASXSP 200 |
6 |
AUD 20 |
+3.0% / -2.50% |
10% |
Commodity CFDs
Contract
Currency |
Target Spread
in Pips |
Commission
Threshold |
Com. Under Threshold |
Financing
(Long/Short) |
Margin Required
|
| USD |
depending on commodity |
USD 20 |
+3.0% / -2.50% |
10% |
| EUR |
depending on commodity |
EUR 15 |
+3.0% / -2.50% |
10% |
Financing Costs
A daily financing interest, at the Inter-Bank Offer Rate for the currency in which the share is traded, is charged or credited on any net open CFD position at the close of business each day. The interest is debited from your account (for long positions) or credited to your account (for short positions). The interest is calculated as follows:
Daily Financing Charge |
= |
Number of Equity or Index CFDs |
x |
Internaxx Closing price |
x |
Inter-Bank Offer Rate plus Internaxx Commission for long CFDs or minus Internaxx Commission for short CFDs |
/ |
Day basis for the currency |
If you open and close a CFD position within one trading day, you are not subject to these charges or accruals.
The commission and margin rates stated above may vary from time to time. Internaxx reserves the right to amend the commission rates, brokerage fees, margin rates and interest rates stated above at any time.
For any update, please download the Demo of the Internaxx Derivatives Platform or call the Client Desk at +352 2603 2006.