Totality currently provides access to the US2000 expiring Stock Index Tracker CFD, offering exposure to a diversified basket of 2,000 small-cap U.S. companies.

 The US2000 Index-Tracker CFD offered by Totality mirrors the price movement of its underlying Futures contract. It’s traded using the Futures market spread, with a modest mark-up applied. No additional fees or commissions are charged, though a small minimum trade size is required. The US2000 Index-Tracker CFD offered by Totality follows a quarterly expiry cycle, mirroring the schedule of its underlying Futures contract. Upon expiry, the position is settled in cash on the designated date. Any trades that remain open at the time of expiry will be automatically closed at the prevailing market price.

 A position can be manually rolled over to a new expiry at any time before the current expiry. (i.e. 17:00 New York time).

 With Totality Markets, you can trade many of the world’s most popular indices for up to 22 hours a day, giving you extended access across global trading sessions.

Shortselling of Index-tracking CFDs is fully supported with Totality

Totality supports a wide range of order types, including Limit, Market, Stop, Stop Limit, and Trailing Stop orders. You can also place conditional orders such as If Done and One Cancels the Other (OCO).

For Stop Orders, sell triggers are activated based on the bid price, while buy triggers are activated using the ask price.

The Italian Financial Transaction Tax (FTT) applies to all derivative instruments whose underlying assets are equity securities issued by Italian companies. This tax is enforced regardless of the client’s location or the jurisdiction in which the trade occurs—meaning all buy and sell transactions involving Italian derivatives are subject to the FTT.

Totality provides fractional trading on selected CFD index trackers. Availability for fractional trading can be checked in the trading conditions for each specific instrument.

When a constituent stock within an index reaches its ex-dividend date, dividend entitlements are recorded on that day, while the actual cash settlement occurs on the designated pay date. Totality adjusts the price of the Index CFD to reflect the dividend impact. The weighted share of the dividend within the index is credited to clients holding long positions and debited from those with short positions.

Index Dividend = Share Dividend * Shares in Index / Index Divisor*.

The divisor is a stabilising factor used to maintain consistency in an index’s value when its composition changes. It normalises the index by dividing the combined prices of all its constituents. When adjustments—such as changes in market capitalisation—occur among index members, the divisor is recalibrated to ensure the index remains comparable over time.

To maintain index stability during corporate actions that impact its market capitalisation, it is necessary to adjust the divisor so that index values remain consistent immediately before and after the event.

 To trade Cash Stock CFDs using live streaming prices on Totality Markets, clients must subscribe to the appropriate exchange’s real-time market data feed.

 To access live streaming prices for Single Stock CFDs without delay and at no cost, Totality clients must execute a minimum of four (4) Cash Stock CFD trades on their account each month.

This benefit is available exclusively to non-professional traders. For full details on the data fee refund program for active equity trading, please refer to Market data subscriptions.

Totality supports a comprehensive range of order types, including Market, Limit, and Stop orders. You’ll also have access to Stop Limit and Trailing Stop orders, which dynamically adjust with market movements. For more advanced strategies, conditional orders such as 'If Done' and 'One Cancels the Other' (OCO) are available to help manage risk and automate execution.

To meet exchange requirements and internal compliance standards, Totality may convert Market orders into aggressive Limit orders. Executing brokers may also apply this conversion for similar regulatory reasons.

Please be aware that it is the client’s responsibility to verify whether the order has been filled after submission. Totality does not assume liability for missed executions resulting from such conversions.

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Poland - Warsaw Stock Exchange (WSE)

Broker-submitted Market orders on the Totality platform may only be routed to the exchange during the continuous trading phase, excluding periods of market balancing. For an order to be accepted, there must be at least one opposing Limit order queued for execution.

These Market orders are matched at the price of the best available counterparty—either the highest bid or lowest ask, depending on the trade direction. If a Market order is only partially filled, the remaining quantity is automatically converted into a Limit order at the last executed price.

 US - American Stock Exchange (AMEX)

 Due to limited liquidity on the American Stock Exchange (AMEX), Totality does not support Market orders for this venue. Clients are advised to use Limit orders when trading on AMEX.

If you encounter or suspect any issues with your order execution, please reach out to Totality immediately for assistance.

 A Limit order allows you to set price boundaries when buying or selling a stock—ensuring you never pay more than your target price when buying, or accept less than your target price when selling.

For instance, a Buy Limit order will only execute at the specified price or below, while a Sell Limit order will only execute at the specified price or above. This gives traders greater control over execution pricing, helping manage risk and avoid unfavorable fills.

A Stop order is designed to swiftly enter (buy stop) or exit (sell stop) a position once a specified price level is reached. On the Totality platform, these orders are treated as urgent instructions and executed using Smart Order Routing for CFDs—ensuring access to optimal liquidity across multiple venues at the time of submission.

Stop orders are a key risk management tool, commonly used to close positions when the market moves unfavourably, helping protect your investments from sudden downturns.

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In the U.S. market, Totality employs sweep algorithms to source liquidity from multiple venues beyond the primary exchange. This enables certain orders to be executed even before trading officially begins on the primary venue.

Market orders placed after 09:30 EST will only be filled once the stock is actively trading on the primary exchange. Stop orders are triggered based on the primary market’s price feed and follow the same routing logic as market orders. Please note that some stop orders may be processed manually, which can occasionally result in execution delays.

Limit orders on Totality may be partially executed if full liquidity isn’t available at the specified price. Any unfilled portion remains active as a Limit order and may be completed during the order’s valid duration.

Market orders, on the other hand, can be filled across multiple price levels. The final execution price reflects the volume-weighted average of all individual fills.

Totality offers algorithmic order functionality for both Cash Stocks and Single Stock CFDs. These advanced order types allow clients to execute larger trades using strategic methods that help minimise market impact. By slicing orders into smaller increments, clients can avoid revealing the full size of their position—especially useful when trading less liquid instruments.

Currently, Totality places algorithmic orders on behalf of clients upon request. Once active, these positions are visible within the trading platform and can be cancelled at any time. The initial suite of supported algorithmic strategies includes the following order types:

• VWAP
• TWAP
• With Volume
• Implementation Shortfall
• Pre-Market Limit
• Iceberg
• Reload
• Dark
• Liquidity Seeking
• Market on Close
• Limit on Close

Algorithmic orders are supported in the below markets:

 When short selling a CFD on Totality, you’re subject to the regulations of the underlying stock’s local market. In certain cases, your position may be forcibly closed if the CFD is recalled—typically because the underlying stock becomes difficult to borrow. This can occur due to corporate actions such as takeovers, dividend distributions, rights issues, or heightened short interest driven by hedge fund activity.

Short sell orders placed on Totality with Good-Til-Cancelled (GTC) or Good-Til-Date (GTD) durations may be cancelled if borrow availability becomes restricted.

We strongly advise clients to closely monitor short positions submitted outside regular market hours or those that remain active across multiple trading days, as borrow conditions can change unexpectedly. Daily short-selling capacity for CFDs on Totality may be restricted due to limited borrow availability in the underlying stock market. These constraints can affect how many short trades you’re able to execute within a single trading day.

If you hold short positions in Cash Stock CFDs overnight on Totality, a borrowing fee may apply. This cost is influenced by the liquidity of the underlying stock—highly liquid stocks may incur no fee at all. For full details, refer to the Prices section for Single Stock CFDs.‍

Short-selling restrictions

On 28 January 2013, the Hellenic Capital Market Commission (HCMC) announced a temporary ban on short selling for shares of credit institutions listed on the Athens Exchange and included in the FTSE/AthEX-CSE Banking Index. This restriction was effective from 1 February through 30 April 2013, aiming to stabilise market conditions during a period of heightened financial uncertainty

Special events

 According to market signals received from brokers regarding the potential impact of Greece leaving the Euro, Totality advises clients with Greek CFD positions that such an event may create exceptional market conditions.

• In the event that Greece exits the Eurozone, Totality may take action to close all open Greek CFD positions at the prevailing price available on the platform.
• Any currency conversion from Euro to a new local currency will be processed using the conversion rates available to Totality at the time of execution.

Long single stock CFD trade

 If you anticipate a rise in a stock’s value, you can open a long position in a Single Stock CFD on Totality.

For instance, let’s say you expect Barclays Bank shares to climb from their current mid-price of £1.72. With £10,000 available for margin and 10:1 leverage, you only need to commit 10% of the total trade value—giving you exposure to a £100,000 position while using just a fraction of your capital.

 You decide to buy 50,000 CFDs at the offer price of £1.73 which gives you a position of (50,000*£1.73) £86,500 in notional value.

Each day you hold the long position open you pay financing cost on the notional opening value of the position.

The interest rate used is LIBOR+3% (0.27144%+3% = 3.27144%). 10 days later, the Barclays price has risen and you sell the 50,000 CFDs at £1.85.

The trade details are:

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Short single stock CFD trade

When anticipating a decline in the price of a stock, it is possible to take a short position in a Single Stock CFD.

For example, consider a scenario where the Barclays Bank share price is currently at £1.72 (mid-price). With £10,000 available for margin and a 10:1 leverage offered by Totality, only 10% of the trade’s value must be placed as margin.

A decision is made to sell 50,000 CFDs at an offer price of £1.71, resulting in a notional value of £85,500 (50,000 x £1.71). While the short position remains open, a financing cost is applied daily based on the notional opening value. The interest rate in this case is LIBID minus 2.5% (0.26561%-2.5% = -2.23439%), so a rate of 2.23439% is paid as overnight financing due to the negative value. After 10 days, with the Barclays price at £1.65, the 50,000 CFDs are sold.

The trade details are:

Local trade restrictions may apply to CFDs. If you are unsure of local restrictions in your region please visit your local language website (select from the menu at the top of this page) or Contact Us for more information.

On Totality, any derivative contract linked to equity securities of Italian issuers will incur the Italian Financial Transaction Tax.

This levy applies across the board—regardless of where you’re based or where the trade is executed—so every buy and sell in Italian derivatives carries the new FTT.

 Italian single stock CFDs

Several financial authorities are announcing rule changes that impact short-selling of physical stocks in response to current market conditions. These changes are intended to address securities market practices and may also influence the short-selling of related CFDs.

 On Totality, clients are responsible for identifying any short-selling restrictions in the markets they trade by consulting the relevant local regulators. You can view all CFDs eligible for short positions under “CFD Trading Conditions” in our platform.

 US depositary receipts commonly incur an annual administration fee per receipt, charged by the issuing depositary bank to cover operational costs. This fee is usually deducted from dividend payments, but if no dividends are paid or the fee isn't included with them, it is collected through separate fee-only events.  

 The dividend fee is set in the Deposit Agreement between the depositary bank and the company, following industry standards. This agreement is filed with the SEC and is publicly available.

 The fee for each depositary receipt is determined by the number of stocks held, not by the total dividend amount paid.

Totality will look to pass on these fees once the fee structure is applied.

Starting 22 May 2024, Totality applies the updated SEC Section 31 regulatory fee of USD 27.80 per million on sell-side transactions involving US exchange-listed CFDs (DMA) and stocks, where client orders are routed directly to the underlying market.

This fee is exclusive to US exchanges and reflects the revised rate announced by the SEC for covered sales

For more information please read press release published by the U. S. Securities and Exchange Commission.

When an ADR or GDR termination is confirmed, Totality will proactively notify affected clients ahead of the final trading date. This allows clients to take any necessary corrective action before the instrument is delisted or converted.

 For short positions involving ADRs or GDRs, Totality will proactively notify clients once termination of the instrument is confirmed—either on or before the final trading date. This ensures clients have the opportunity to take any necessary corrective action prior to delisting or conversion.

Additional CFDs will be allocated on the Ex-date according to the eligible holdings as of ex-date-1. These allocations will become available for trading after the value date, upon confirmation of receipt from the agent.

 For short CFD positions, the dividend-equivalent entitlement is automatically withdrawn from your account on the ex-dividend date.

For CFD positions on Totality, cash adjustments are allocated on the Ex-Date, based on the eligible holdings as of Ex-Date minus one. The actual value is settled on the Pay Date.

Cash adjustments on CFDs are recorded on the ex-date according to holdings from the previous day, reflecting market price changes, but payments are settled on the pay date.

For long CFD positions, the Return Adjustment is deducted from the Cash Adjustment to reflect the default withholding tax on underlying dividend payments in the relevant market.

For short CFD positions, the dividend-equivalent entitlement is automatically withdrawn from your account on the ex-dividend date.

Currency options are not available to clients. If a currency option is specified in relation to an event, payment will be executed according to the denominated currency of the security listing.

Deletion of open orders as a result of Corporate Action

Open orders are deleted for specific event types on the day before a corporate action’s Ex-Date.

The following details the rules of behaviour:

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 In the event of distributions or rights issues, any open orders for the specified instrument will be cancelled if the Corporate Action results in a market price adjustment exceeding 20%.

Certain issuers provide alternatives to cash dividends, such as dividend reinvestment plans (DRIPs) or scrip issues of shares.

 Clients with CFD positions receive a cash payment. Cash adjustments for CFD positions are recorded on the Ex-date to reflect the market price movement on that date, while the payment is settled on the Pay Date.

 For short positions, clients will assume liability according to counterparty instructions, and such liabilities will be communicated once confirmation is received from the counterparty. The corresponding liability will be recorded in client accounts upon receipt of details from the prime broker.

Clients with CFD positions do not have the option to participate. The following conditions outline when action will be taken on behalf of the CFD holder:

Delisted Security: If a security is delisted, necessary measures will be implemented to obtain any relevant proceeds.

Squeeze Out Offer: This occurs once the offeror has obtained the required level of acceptances. In the event of a squeeze out, client holdings will be acquired, and proceeds will be credited appropriately. Elections to participate will be submitted as soon as information regarding the squeeze out becomes available.

Holdings in the company undergoing liquidation will be eliminated. Any proceeds from the liquidation, if available, will be distributed upon receipt.
Liquidation proceeds are processed in three different forms:

• Removal of holdings deemed worthless: If an issuer announces liquidation, it may remove the holdings without providing any proceeds to holders. Payment is not guaranteed in the event of liquidation.

• Partial Removal of Holdings with Payment: The issuer may announce a partial removal of holdings, with proceeds to be calculated and determined either in formal meetings or by court order, if applicable.

• Full divestment with compensation: The issuer may declare the full removal of holdings, with proceeds to be calculated and determined either in relevant meetings or by court decision, as applicable.

In the case of mandatory mergers, clients with CFD positions receive cash, new CFDs, or a combination of both on the Ex-date in accordance with the corporate action terms. When an election option is available, clients do not have the ability to make their own selection regarding mergers; instead, the default term is selected on their behalf.

Mergers are paid according to the below, depending on the outcome of the event.

• Cash (distributed on Pay-Date)
• Stocks (distributed on Ex-Date with future value date)
• Mix of Cash & Stocks (distributed on Ex-date with future value date)

Clients with short positions will be held liable in accordance with counterparty instructions, with liability details communicated once received from the prime broker.

If a client’s short position is lodged to participate in a corporate event, the position will be transferred to a dummy security to prevent trading of the elected holdings.

The merger entitlement will be credited once confirmation is received from the event agent.

These are not offered to clients.

Tradeable Rights - Rights are allocated in accordance with the applicable ratio as of the Effective Date (Ex-Date). Upon commencement of trading, orders for the sale of these rights are automatically placed. Once executed, the proceeds from the sale of the rights are credited to the client’s account.
For short positions, entitled rights will be sourced from the market and booked to clients. Clients seeking to participate in the rights offer should consult their financial advisor.

 Non-Tradeable Rights – Non-tradeable dummy CFD rights are allocated on the ex date. These rights are booked based on the ratio and price of the underlying rights issue on the pay date, with the value date set as the payment date.

• If a rights issue offers shares at a discounted subscription price compared to the current market value of the underlying instrument, Totality will make a best-effort attempt to subscribe for additional entitlements on behalf of clients.
• If a rights issue sets a subscription price above the current market value of the underlying instrument, Totality will decline to subscribe for additional entitlements.
• If the subscription price matches the market value of the underlying tradable instrument, Totality will decline to participate in the offer.

Totality will perform the price comparison on the final day available to subscribe for the offer, as determined by the relevant broker’s deadline.

For short positions, clients will assume liability according to counterparty instructions, and such liabilities will be communicated once confirmation is received from the counterparty. The corresponding liability will be recorded in client accounts upon receipt of details from the prime broker.

*  For select Australian-listed corporate actions—including Non-Renounceable Rights Distributions, Subscription Offers, Entitlement Offers, Rapid Offers, and Retail Offers—Totality may be unable to participate. As a result, these offers will not be extended to clients on the platform.

For Share Purchase Plan (SPP) events, Totality may extend participation to underlying beneficial owner clients, provided they supply the required ownership details as requested by our platform.

Cash payment is allocated on Ex-date for value pay date for eligible position based on Ex-Date-1.

On the Effective Date (Ex-Date), rights are allocated and recorded based on the applicable entitlement ratio. Once the market opens, sale orders for these rights are automatically placed. After execution, the proceeds from the sale are distributed to eligible holders.

For short positions, any entitled rights must be sourced from the market, and the corresponding cost is debited from the client’s account.

Occasionally, special or infrequent corporate actions may arise that fall outside standard categories like dividends, mergers, or rights issues. When these events occur, Totality will aim to manage them in the best interest of clients, subject to time constraints and operational feasibility.

On the Ex-Date, additional CFDs will be allocated and credited as appropriate. For short positions, clients will be debited as applicable.

CFDs are allocated on the Ex-Date with value on the pay date and credited as applicable. For short positions, a corresponding debit will be applied.

On the Ex-Date, additional CFDs will be allocated and credited as appropriate. For short positions, clients will be debited as applicable.

On Totality’s Swedish market, redemption rights events are broadcast as informational corporate actions. These mandatory events allocate tradable rights to clients for the defined subscription period, which they can freely trade or retain.

Remaining holdings post trading period will be converted/redeemed for the resultant entitlement (subject to the applied market tax rate) announced in the event.

Clients holding CFD positions will not be given a choice to tender.
Totality will take the following action:

• For instruments that are delisted, Totality will submit acceptance on behalf of clients to participate in the offer. When a security is no longer trading, Totality will likewise lodge clients’ acceptance to join the offer. If the offer converts into a compulsory acquisition, Totality will tender the position for clients under the new terms.
• For clients carrying short positions, any obligations will follow the counterparty’s directives, and we’ll inform you as soon as those instructions are confirmed. Once we receive the liability details from our prime broker, the amount will be posted directly to your account.

When you trade commodity CFDs on Totality, there’s no upfront commission fee. Instead, all trading costs are incorporated into the bid/ask spread that’s built into each CFD’s quoted price

Commodity CFD quotes on Totality mirror the spread of the underlying futures contract, but are presented with a slightly broader bid/ask gap.

We calculate each commodity CFD’s spread by taking the market’s futures spread and tacking on a fixed markup

On Totality, commodity CFDs are quoted per individual unit but often require a minimum order quantity. We denominate these CFDs in much smaller lots than the equivalent futures contract—in the case of US Crude Oil, one CFD covers 25 barrels instead of the standard 1,000-barrel contract. Although each quote reflects a single unit (for example, one barrel), your trade must meet our platform’s specified minimum size.

If you reduce an open position below that threshold, any remaining units should be closed out through your Account Summary or by contacting our dealing desk.

Commodity CFDs allow clients to gain exposure to commodities without physical delivery, as all transactions are settled in cash.

Totality’s commodity CFDs follow the same monthly expiry schedule as their underlying futures, with all open positions cash settled on the futures’ official expiration date. We offer both the front-month (active) and back-month (next) contracts so clients can manually roll over if they wish.

Exact expiry dates and cut-off times are displayed on our platform under the Trade ticket, Order ticket, or Instrument Information page.

Trading halts precisely at the time noted in each contract’s Specifications. Because the Last Trading Day varies by contract and month, clients should monitor its timing closely. Any positions still open at the end of trading on Expiry Date will be automatically closed at Totality’s closing price and settled in cash. Where liquidity allows, we quote both the expiring contract and its successor to enable smooth position transfers.

Short selling of Commodity CFDs is fully supported with Totality.

Below is an example to illustrate trading using Commodity CFDs.

Long Position in US Crude - Buy 100 barrels of US Crude CFDs

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In summary the trader took advantage of the leverage that comes with Commodity CFDs. The opening trade was valued at $5990 but the trader had to only provide a margin of 5% or $299.50. The closing trade generated a profit of $1.60 per barrel and whilst that translated to a 2.7% rise in the price of oil, the client realised a profit of $160.

Clients should be reminded that while trading leverage products like Commodity CFD can bring increased profitability, they can also increase a trade’s potential loss should the market move against you.

See our Risk Warning.

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Forex CFDs have a minimum trade size of 5,000 units, which is considerably smaller than the notional value of the underlying futures contracts. For example, one lot of the Euro/US Dollar Futures contract represents EUR 125,000. Additionally, the minimum trade size for the US Index is 100 units.

Short selling of Forex CFDs is fully supported with Totality.

Comparable to Futures Contracts, FX CFDs have a specified expiry date and are settled in cash upon expiration. Any open positions at the time of expiry will be automatically closed at the prevailing market price.

A position may be manually rolled from one expiry to another up until the expiry time. The specific expiry date and time for individual FX CFDs are available on the trading platforms under CFD Commodities Trading Conditions and Prices.

Bond CFDs are denominated in smaller lot sizes than the underlying Futures contract.

For example, one Bond Futures Contract imposes a EUR 10 tick value for each increment of the Futures price (0.01). As an alternative, you can choose to take your tick value down to EUR 1 with the Bond CFD for the same price increment (0.01).

50 CFDs is the minimum trade size for Bond CFDs

Bond CFDs on Totality mirror the expiry mechanics of futures contracts, settling in cash on their official expiration date. Any positions left open at expiration will be automatically closed out at the then-prevailing market price.

You can manually roll a position to a new expiry until the current one expires. Check the trading platforms under CFD on Futures Trading Conditions for each Bond CFD's expiry details.

On Totality, exchanges worldwide follow predefined holiday calendars, meaning trading is suspended on specified dates throughout the year.