Spreads
LMAX Global spreads are variable. To view our average spreads, please click here
Commissions
Account holders are eligible for a competitive commission rate structure, dependant on their level of trading activity.
Call our client support team on +44 20 3192 2555 or email [email protected] for more information
Overnight financing
FX overnight financing
The financing charge for rolling spot FX reflects the relative interest rates of the two currencies comprising your open trade plus a premium dependant on market conditions and including an LMAX Global charge. When a position is held overnight, we will apply a financing entry to your account. This may be a debit or a credit entry depending on the contributing factors outlined above, namely relative interest rates and LMAX Global premium.
The cost of the tomorrow next roll (tom/next) is applied to positions held through the respective market close. The opening price on your position is not adjusted, rather a separate financing charge is levied to your account. Positions rolled over the weekend or over bank holidays will reflect the longer duration of the underlying wholesale rolling trades. (Example available on request).
CFD overnight financing rates
Financing charges are applied to all CFD positions held through the market close each day. Financing charges will be applied according to the following schedule.
| Instrument |
Reference Rate |
Standard Contracts Long |
Standard Contracts Short |
Mini Contracts Long |
Mini Contracts Short |
| UK instruments |
1 month LIBOR |
+2% |
-2% |
+2.5% |
-2.5% |
| Euro instruments |
1 month EUR LIBOR |
+2% |
-2% |
+2.5% |
-2.5% |
| US instruments |
1 month USD LIBOR |
+2% |
-2% |
+2.5% |
-2.5% |
| JPY instruments |
1 month JPY LIBOR |
+2% |
-2% |
+2.5% |
-2.5% |
| AUD instruments |
1 month AUD LIBOR |
+2% |
-2% |
+2.5% |
-2.5% |
| HKD instruments |
1 month HKD LIBOR |
+2% |
-2% |
+2.5% |
-2.5% |
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