US Share CFD trading costs
Commission:
When trading US Shares CFD, commission will be charged on your trading account, at Prospero Markets our Commission charged is 0.025 USD /0.035 AUD per Share per side. (Minimum Trading cost 6 Base Currency(CCY),AUD denominated accounts commission may vary depending on the AUD/USD exchange Rate))
Overnight Financing Costs:
If your Shares CFD Positions are held past 5Pm New York time daily, an overnight financing costwill be charged.
Overnight financing rates for Shares CFDs are based on the underlying risk-free rate or interbank rate for the currency of the relevant share (see table below) plus 3% on long positions and minus 3% on short positions.
Overnight financing costs are charged for long positions and credited for short positions, unless the underlying risk-free or interbank rate is equal to or less than 3%, in which case short positions may incur a holding cost charge that will be deducted from the cash in your account. Overnight financing costs for short positions may also include an additional adjustment for borrowing fees on shares that attract a higher borrowing cost in the underlying market. These borrowing fees can be high and are subject to significant changes as short interest in a stock increases or decreases. Please be aware of this additional risk/charge when holding short positions in individual share
Overnight Financing Calculation Methods
Daily Financing costs=( Unit x mid Price x Overnight Financing Rates/360) x Prospero Markets Conversion Rates
Au Share CFD trading costs
Commission:
When trading Shares CFD, commission will occur on your trading account, at Prospero Markets our Commission charged is based on 0.07%. (Minimum Trading cost 7 Base Currency (CCY))
Market Data Fee:
subscription is required to enable the trading of Australian Share CFD on Prospero Markets Platform. Client can activate their subscriptions by reaching out to our support team (accounts@prosperomarkets.com). A Monthly Market Data Fee of 20 AUD will be charged upon subscription of live market data for Australia shares CFD and at the beginning of each subsequent calendar months. (If client enables Market Data for Australian Shares CFD at the end of the month, they will be charged a Market Data fee at the beginning of the next calendar month). If a client executes 5 or more trades in Australian Shares CFDs in any calendar month, client may submit a reimbursement request for the Market Data fee for that month. If you wish to unsubscribe for the Australia Share CFD Market Data, please reach out to our support team via email (accounts@prosperomarkets.com)
Overnight Financing Costs:
If your Share CFD Positions are held until 5Pm New York time an overnight financing costwill be charged.
Overnight financing rates for Shares CFDs are based on the underlying risk-free or interbank rate for the currency of the relevant share (see table below) plus 3% on long positions and minus 3% on short positions.
Overnight financing costs are charged for long positions and credited for short positions, unless the underlying risk-free or interbank rate is equal to or less than 3%, in which case short positions may incur a holding cost charge that will be deducted from the cash in your account. Overnight financing costs for short positions may also include an additional adjustment for borrowing fees on shares that attract a higher borrowing cost in the underlying market. These borrowing fees can be high and are subject to significant changes as short interest in a stock increases or decreases. Please be aware of this additional risk/charge when holding short positions in individual share
Overnight Financing Calculation Methods
Daily Financing costs=( Unit x mid Price x Overnight Financing Rates/360) x Prospero Markets Conversion Rates