| Fees and Charges |
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MF Global CFDs are Direct Market Access (DMA) CFDs and as such incur a number of fees including commission, funding interest, platform and exchange fees.
Market data charges and licensing fees are charged based on volume related discounts. There are 3 major offers for MF Global CFD clients - Standard, Frequent Trader Club and MF Global PLATINUM. 1. MF Global standard CFD commission & position funding ratesCommission is charged on each side of a CFD transaction (bought/sold) entered into with MF Global and is calculated as a percentage of the trade value of the share CFDs that are bought or sold. CFD Position Funding is calculated at a spread over or under the MF Global Base Rate (MBR)† for long and short positions, respectively. The MBR tracks, but may not necessarily mirror, the Reserve Bank of Australia Interbank Overnight Cash Rate (RBAIOCR). Equity Interest is received or paid on a proportion of client's funds in credit or debit, held within client CFD trading accounts at a spread from the MBR.
2. MF Global Frequent Traders Club (FTC)Frequent traders who trade a minimum monthly contract turnover value in excess of AUD equivalent $1,000,000 qualify to receive an online commission rate of 0.10% for Australian and most International equity markets.
3. MF Global PLATINUMMF Global PLATINUM is designed for clients who maintain a CFD trading account balance^ in excess of AUD equivalent $100,000. MF Global PLATINUM clients receive an online commission rate of 0.08% for Australian and most International equity markets. Exchange market data and software fees are waived and clients receive many other valuable services. For more information or to open an MF Global PLATINUM CFD trading account please visit PLATINUM CFDS or call the CFD Desk on 1800 626 099.
^ Trading account balance of A$100,000 relates to the Total Equity (Gross Liquidation Value or GLV). This is the CFD trading account balance if you were to close all CFD positions at the current market price (less any transaction charges or adjustments). # Includes stamp duty and other market charges. †MF Global Base Rate (MBR) relates to the quoted market base rate and is subject to change. The MBR tracks, but does not necessarily mirror, the Reserve Bank of Australia Interbank Overnight Cash Rate (RBAIOCR).
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