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Here’s what you should always take note of – there’s no one fixed commission fee when it comes to trading. In the case of CMC Markets, their commission fees on CFD shares vary by country of origin, with most markets charging commission fees of 0.10% except US, Hong Kong and Canada. They publish their rates on their website for ease of reference.
If you’re new to trading, spread is simply the difference in the offer and ask price that a trader is willing to pay. So it represents the cost for traders and the profit for sellers. To check CMC’s past and present spreads, you’ll find a detailed breakdown on their website.
You’ll be surprised that rollover rates are typically overlooked by traders. This rate is the interest that’s either charged or credited to your account each time you keep your position open overnight. By doing so, you’ll either earn profits or incur losses, which can be significant or negligible, depending on how long you hold your position open.
Using your SingPass, via MyInfo, you can apply online in just a few minutes.
You will need a valid photo ID, passport or driving license. A signed copy of a client acknowledgement form (pdf), dated within the last three months Proof of address (such as a bank statement)
Deposit funds into your CMC account you will be able to access all asset classes from one account