Trade Share CFDs

Zero commission

Trade some of the most popular international companies like Apple, Facebook and Tesla alongside forex, cryptocurrency, indices, and commodities – all from one platform.

Global Shares

Trading share CFDs with FXCM allows you to use only a fraction of the capital to go long or short without having to own the physical share. Trade top international share CFDs with low margin requirements and costs. Search for available shares below.

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Why trade share CFDs?

Share CFDs specifically offer a number of benefits that you may not find when investing directly in the stock market.

Leverage

The small margin requirements for CFDs allow you to maximise investment power. With 10% margin on the underlying share price, you can enter the market with only a fraction of the capital required to enter the stock market and still receive full exposure to price movements. However, remember that trading on margin is risky as it can significantly increase your losses as well.

Go Short

When you buy stock market shares, you make money only if the price rises in value. With share CFDs, taking a short position allows you to profit in falling markets.

Hedging

Do you already have a certain stock in your portfolio? But think the market may fall? Using Share CFD's to hedge, offers you the ability to take advantage of short term moves all while still retaining your shares and voting rights.

No Minimum Commission

When trading Share CFDs with FXCM there are no extra commission fees charged when opening or closing positions and unlike many other brokers there are no minimum commission levels, so at FXCM you are able to avoid the extra costs of placing smaller trades.

Start Small – Fractional Trading

Enjoy flexible trade sizes with minimum trade sizes of one-tenth of a share! You get greater control and can scale your positions up or down. Entering a size of "1" on the FXCM platform will equal a trade size the equivalent of 0.1 Shares.

MT4 and TRADING STATION

Access share CFDs on your favorite platform with FXCM. Available on MT4 or FXCM's flagship trading platforms; the Trading Station, Trading Station Web, or Trading Station Mobile.

Trading Costs

At FXCM all transaction costs are already built into the spread and there are no added commission fees. The spread costs can easily be calculated on the Trading Station platform, as you can see the real-time spreads and pip costs (in your account denomination) before you enter any trade. To calculate the spread cost in the currency of your account:

Spread
x Pip Cost
x Number of Contracts
= Total Transaction Cost

Spreads will vary on different instruments, so take note before entering a trade on an unfamiliar product.

Finance

Financing Costs:

Any positions held past the closing time of a stock exchange may be subject to a "financing charge" which reflects in an FXCM account as "rollover." The financing adjustment will take place on the account shortly after the close of the relevant stock exchange.

Financing costs are calculated as:
(Yesterday's share price) X (1 month relevant Libor or Sonia + FXCM's mark up)/(days in a year)1 X (Trade Size x 0.1)
Note that the financing markup for long positions on CFDs is 5.25% and for short positions is 2.75%.

Financing costs are rounded to five decimals.

On Fridays, to account for holding a position into the weekend, Financing Costs are 3X larger than other days.

Margin overview

One of the many benefits of trading share CFDs with FXCM is that you free up valuable capital. As a general rule, you need to put down 10% of the notional value of the position you are trading unless otherwise stated. You can see the tangible benefits of this type of trading in the example with Vodafone (VOD.uk) below.

  • Trader A can outlay £1,305 + brokerage fees to buy 1000 shares of Vodafone (at a share price of 130.5 GBX).
  • Trader B (the CFD trader) can outlay the margin requirement of 10% i.e. £130.50 to go long a FXCM CFD on Vodafone Shares, and have access to the same exposure.

All things equal, Trader B has £1,174.50 collateral left over to do with as they wish, while still incurring the same profit/loss as Trader A.

Please contact FXCM for complete details on calculating margin on Share CFDs. Keep in mind that trading on margin can both positively and negatively affect your trading experience as both profits and losses can be dramatically amplified. In the event the Equity of the account drops below the account Margin Requirement, the account will receive a Margin Call and your position may be liquidated at the first available price.

Trading policies on share CFDs

Dividends and Withholdings

Where a long position has been opened on a dividend paying Share CFD before the ex-dividend date and left open through the opening of the exchange on the ex-dividend date, FXCM credits dividends to your account net taxes and mark ups. Dividend payments takes place on the day of the ex-dividend date after the exchange closes for the relevant Share CFD.

Any short positions left open through the exchange open on the ex-dividend date will pay the entire dividend amount.

The daily dividend amount can be viewed from the simple dealing rates window in the Trading Station platform in the columns marked "Div S" (For sell/short positions) or "Div B" (For buy/long positions).

Please Note: Upcoming dividends are displayed in the counter currency of the instrument (For e.g if the AAPL.US (Apple) displayed "Div B" 0.23 that would be a credit of 0.23 USD per contract, irrespective of your account denomination.

As per Section 871 of the US tax code. A 30% tax applies on dividend adjustments to traders of equity derivatives of US stocks. In accordance with FXCM's obligation under this US tax regulation, 30% of all Dividend adjustments are withheld and passed on by FXCM to the IRS. 2

Go To Dividend Calendar

Other Corporate Actions

With the exception of dividends, FXCM does not permit positions to remain open through corporate action dates on Share CFDs. Any position in a Share CFD that would normally be affected by a corporate action will be closed 2 days prior to the corporate action date approximately 1 hour before the market closes.

Short Restrictions

Due to restrictions implemented by regulatory bodies, underlying stock exchanges, or liquidity providers that FXCM works with, some shares may be restricted to be "sold short."

Any short sale restriction does not impede someone from closing any open position; it only prevents the opening of new short sale positions. FXCM may not proactively contact clients on which positions may have short sale restrictions.

The MetaTrader (MT4) platform may provide an error message, "Trade is Disabled" and the FXCM Trading Station may state, "You Cannot Trade at This Price" but these error messages should not be construed as official communication of a short selling restriction.