MF Global

Fees and Charges

At MF Global we offer CFDs over global Share, Index, Commodity and Currency (FX) markets.

Commission

Our Share CFDs are Direct Market Access (DMA) CFDs and as there is no additional spread beyond the market bid/offer price, we charge a small commission. Commission is charged on each side of a Share 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. Specific costs for each market can be found in the table below.

Index, Commodity and FX CFDs are Over-the-Counter (OTC) CFDs and therefore do not incur commission.

Position Funding

Position Funding is calculated for Share CFDs 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 underlying country’s cash rate.

Overnight financing charges are applied on FX CFDs for rolling positions – positions that have no set expiry and close only when you choose. As with our spreads, these charges are set to maximise your investment potential.

Index and Commodity CFDs incur no funding charge as it is included within the CFD price.

Equity Interest

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^†.

Platform and Market Data Costs

When trading DMA Share CFDs you are dealing using real exchange prices. Market data charges and licensing fees are charged based on volume related discounts. A table describing the rebates available to all clients can be found here.

There are 3 major DMA Share CFDs offered for MF Global CFD clients - Standard, Frequent Trader Club and MF Global PLATINUM.

1. MF Global standard CFD commission & position funding rates

Country	Currency	Commission	Minimum Ticket	Position Funding Interest Long /Short	Equity Interest cr/dr
Australia	AUD	0.125%	AUD$12.50	MBR +/- 3%	MBR -1/+2%
New Zealand	NZD	0.175%	NZ$35.00	MBR +/- 3%	MBR -1/+2%
Hong Kong#	HKD	0.325%	HK$65.00	MBR +/- 3%	MBR -1/+2%
Japan	JPY	0.125%	¥1250	MBR +/- 3%	MBR -1/+2%
Singapore	SGD	0.175%	SG$17.50	MBR +/- 3%	MBR -1/+2%
U.K.	GBP	0.20%	£20.00	MBR +/- 3%	MBR -1/+2%
Europe	EUR	0.25%	€25.00	MBR +/- 3%	MBR -1/+2%
USD	USD	4¢ / share	USD$20.00	MBR +/- 3%	MBR -1/+2%

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.

Country	Currency	Commission	Minimum Ticket	Position Funding Interest Long/Short	Equity Interest cr/dr
Australia	AUD	0.10%	AUD$10	MBR +/- 2.25%	MBR -1/+2%
New Zealand	NZD	0.15%	NZ$30.00	MBR +/- 2.25%	MBR -1/+2%
Hong Kong#	HKD	0.30%	HK$60.00	MBR +/- 2.25%	MBR -1/+2%
Japan	JPY	0.10%	¥1,000	MBR +/- 2.25%	MBR -1/+2%
Singapore	SGD	0.15%	SG$15.00	MBR +/- 2.25%	MBR -1/+2%
U.K.	GBP	0.15%	£15.00	MBR +/- 2.25%	MBR -1/+2%
Europe	EUR	0.20%	€20.00	MBR +/- 2.25%	MBR -1/+2%
USD	USD	4¢ / share	USD$17.50	MBR +/- 2.25%	MBR -1/+2%

3. MF Global PLATINUM

MF 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.

Country	Currency	Comm.	Minimum Ticket	Position Funding Interest Long/Short	Equity Interest cr/dr
Australia	AUD	0.08%	AUD$8.00	MBR +/- 1.75%	MBR on GLV/+1%
New Zealand	NZD	0.125%	NZ$25.00	MBR +/- 1.75%	MBR on GLV/+1%
Hong Kong#	HKD	0.28%	HK$60.00	MBR +/- 1.75%	MBR on GLV/+1%
Japan	JPY	0.08%	¥800	MBR +/- 1.75%	MBR on GLV/+1%
Singapore	SGD	0.125%	SG$12.50	MBR +/- 1.75%	MBR on GLV/+1%
U.K.	GBP	0.08%	£10.00	MBR +/- 1.75%	MBR on GLV/+1%
Europe	EUR	0.08%	€15.00	MBR +/- 1.75%	MBR on GLV/+1%
USA	USD	3¢ / share	USD$10.00	MBR +/- 1.75%	MBR on GLV/+1%

^ Trading account balance of AUD equivalent 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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