Winspreads

Charges

Commissions

We do not charge you commissions for opening or closing a Spread Bet. The prices quoted by us on the trading platform or over the telephone are live prices and include any price adjustments from the underlying market prices to cover our fees. 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

Spread Betting is done on margin and therefore financing charges may be incurred due to utilising leverage. Financing charges/credits will apply to equities, indices and commodities open trades that are held overnight. If you open and close Spread Bets on the same day, you will not incur any financing charges/credits in respect of those Spread Bets.

If you have open trades overnight, financing adjustments for these will be made to your trade price at the end of the trading day.

Usually, you will receive financing credit if you have short position and you will incur financing charges if you have a long position.

See an example on Financing.

Rollover Adjustment

In a similar way to financing adjustments, rollover charges/credits will apply to foreign exchange and bullion open trades that are held overnight.

Typically, you will need to pay rollover interest charges if you go short the currency with the higher interest rate in the pair and you will earn rollover credits if you go long the currency with the higher interest rate in the pair

Rollover takes place when the settlement date of a trade is rolled forward to the next value date with the cost of this process being based on the interest rate differential between the two currencies.

If you have open foreign exchange trades held overnight, the rollover adjustments will be done to your trade price at the end of the trading day.

Corporate Actions

Spread Betting on individual equities will entitle you to corporate actions such as dividends. Dividend adjustments will apply to your trade price at the close of business the day prior to the ex-dividend event.

You will receive dividend credits if you have a long position and you will have to pay dividend charges if you have a short position.

See examples of how dividends affect your positions.

Risks

Spread Betting carries above average risk and is not for everyone, so please ensure you understand the risks.

Trading on margin, whilst allowing you to maximise potential gains, also maximises potential losses and a relatively small movement in a currency can have a disproportionately dramatic effect on your trade. If the movement is in your favour, you may achieve a good profit, but an equally small adverse movement can not only quickly result in the loss of your entire deposit, but may also expose you to a large additional loss unless you enter a limited liability contract (place a guaranteed stop loss) with us, where we offer such facility.

You may be called upon to deposit substantial additional margin, at short notice, to maintain your trade. If you do not provide such additional funds within the time required, your trade may be closed at a loss and you will be liable for any resulting deficit.

You should not engage in Spread Betting unless you understand the nature of the transaction you are entering into, the risks involved and the true extent of your exposure to the risk of loss. Please read the Risk Warning to make sure you are familiar with the relevant risks.