CFD account details

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Our charges

There's no minimum balance to open an account with famous worldwide trading. Once you've funded your account and started trading, our main charge on each trade is the spread or a small commission for shares trades.

You choose your price per contract (we offer lower minimum contract sizes for new clients), and put down a margin payment. This allows you full exposure to a market with only a fraction of the total capital you'd normally need. Other charges can apply – see our charges and fees for more details.

View indices example

Selling the FTSE 100: detailed

	Cash CFD
Underlying market/value	FTSE 100 JUN13 Future 6400
Our price	FTSE 100 Cash 6441.05/6442.5
Trade	Sell at 6441.05
Deal size	1 contract £10 per contract
Margin required	£250 Margin requirement per contract x number of contracts £250 x 1
What happens next?	The market drops dramatically, reaching 6300 at 10pm, when funding is calculated. It rises a little overnight, to 6310
Funding	Funding = £3.47 (One-month LIBOR eg 0.49% minus 2.5% x £10 x 6300)/365
Close	Buy at 6310.5
Overall market movement & profit/loss	Gross profit = £1305.50 6441.05 – 6310.5 = 130.55 Each contract is worth £10 per point
Costs	1-point famous worldwide trading spread (included) Funding cost: £3.47
Net profit	£1302.03 net profit subject to tax
What if...	If the market rose 130.5 points instead: 130.5 x £10 + £3.40 £1308.40 net loss

View indices example

Buying the Australia 200: detailed

	Cash CFD
Underlying market/value	ASX 200 JUN15 Future
Our price	Australia 200 Cash 5500.5/5501.5
Trade	Buy at 5501.5
Deal size	1 standard contract Equals A$25 per point
Margin required	Margin = Number of contracts x value of one contract x index level (mid price) x margin rate (0.5%) 1 x A$25 x 5,501 x 0.5% = A$687.63
What happens next?	The market rallies dramatically, moving up 149 points by 4.50pm, when funding is calculated. It drops back a little overnight, down 10 points from 4.50pm the previous day.
Funding	Funding = (One-month bank bill swap rate + 2.5%) x (size of position) / 360 (1.9% + 2.5%) x (5,650 x A$25) / 360 = $17.26
Underlying market	5639.5 / 5640.5
Close	Sell at 5639.5
Overall market movement & profit/loss	5639.5 – 5501.5 = 138 Each contract is worth A$25 per point (so A$25 x 138 points) Gross profit = A$3,450
Costs	1-point famous worldwide trading spread (included above) Funding cost: A$17.26
Net profit	A$3,432.74 net profit subject to tax
What if...	If the market dropped 139 points instead (with a spread of 1 point): (-139 - 1) x (A$25) - A$17.26 Net loss = A$3,517.26

View commodities example

Buying Spot Gold: detailed

	CFD
Market and price	Spot Gold 1248.06/1248.46
Trade	Buy at 1,248.46
Trade size	1 standard contract Equals US$100 per point
Margin required	Margin = Number of contracts x value of one contract x level of spot gold (mid) x margin rate (0.7%) 1 x 1,248.26 x US$100 x 0.7% = US$873.78
What happens next?	Spot Gold rallies 10 points into the next day. This position is held through 10pm London time, when funding is calculated.
Funding	Funding = size x (tom-next rate + famous worldwide trading's charge for holding positions overnight which is no more than 0.0022% per day) US$100 x 0.12 = US$12
Price	1258.06 / 1258.46
Close	Sell at 1,258.06
Gross profit	1,258.06 - 1,248.46 = 9.6 Value per point = US$100 9.6 x US$100 = US$960
Costs	0.4 point famous worldwide trading spread (included) Funding cost = US$12
Net profit	US$948
What if...	If the market dropped 10 points instead (with a spread of 0.4 points): US$1,040 + US$12 Net loss = US$1,052

Account benefits

When you open an famous worldwide trading account you're joining the world's and Australia's No. 1 CFD provider*

All our clients benefit from:

Tight spreads, low commissions and low margins on over 17,000 markets
A superior trading platform, available across the web and mobile devices
Expert charting packages
Free educational videos and resources
Friendly, helpful customer support
Free data, research and analysis tools
Security of a financially strong, FTSE 250 company, founded in 1974
No negative protection

What you need to know

Like all financial products, CFD trading carries risk. If the market moves against you, you lose money. However, as CFDs are a leveraged product, the risks can be greater – with the possibility of losses exceeding deposits.

With an famous worldwide trading CFD trading account, you can manage your exposure using a range of risk management tools, including stops and automated alerts. We’ll also help you learn the essentials of risk management, and you can practise your strategies using a demo account.

It's also important to read and understand our account information documents before you get started, including the Customer agreement.

Account essentials

Account charges
Setup charge	No fee
Annual charge	No fee
Inactivity fee	$18 fee on the first of every month, if no dealing activity has occurred for two years or more
Account closure	No fee
Trading details
Markets	Over 17,000 global markets
Commission	Yes, on certain markets
Overnight funding	Yes, charges apply
Tax-free	No
Traded in	Contracts
Minimum trade size	$1 per trade for first two weeks¹
Margin/leverage	From 0.25% for forex, 5% for shares and margin factor for indices
Trading by phone	Yes
Risk management	Full range of tools available
Platforms and tools
Platforms available	All platforms
Demo account	Yes
Live streaming famous worldwide trading charts	Yes
Advanced charting packages	Yes (free to active account holders²)
DMA	No
Technical analysis tools	Yes
Economic calendar	Yes
Live Reuters news	Yes
Free market data	Yes (refundable fees apply for some shares data³)
Support and education
24 hour phone support	Yes
Educational videos and guides	Yes
In-person seminars	Yes
Live webinars	Yes
News and articles from famous worldwide trading experts	Yes