When trading CFDs on Totality, the financing cost is applied via an overnight credit or debit adjustment to the position’s value. However, if you open and close the CFD within the same trading day, no overnight financing charge will be incurred.

When you hold a CFD position overnight your CFD position will consequently be subject to the following credit or debit:

• Holding Long CFD position after 17:00 EST incurs a financing charge, which is calculated as follows:
  
  • Price x No. of CFDs x (Totality Offer financing rate + markup) x (Day count convention*)

• Holding Short CFD position after 17:00 EST creates a financing credit, which is calculated as follows: 
  
  • Price x No. of CFDs x (Totality Bid financing rate - markdown) x (Day count convention*)

When holding short positions in single-stock CFDs overnight on Totality, a borrowing fee applies—this reflects the cost of sourcing the underlying shares from the market. The fee is variable, influenced by market conditions and share availability, and may rise for instruments that are heavily shorted across the broader market.

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On Totality, the borrowing rate for short positions is locked in at the time the trade is opened, with a minimum rate of 0.50%, and is charged monthly. However, during specific corporate action events, the borrowing rate may be reset to reflect current market conditions once the action is executed.

If you open and close a CFD position within the same trading day, you’ll avoid borrowing costs entirely. These charges only apply when a position is held overnight, particularly for short positions in single-stock CFDs.

During the underlying cash market’s open hours, Totality’s CFD Index Tracker quotes will match the minimum target spread in roughly 99% of updates, ensuring consistent pricing.

This delivers a smoother trading experience and gives clients greater confidence in the costs tied to opening and closing positions.

Please note: Fixed spreads are offered on select CFD indices, but only under normal market conditions and up to the maximum trade sizes outlined in our platform’s specifications.

* Fixed spreads only apply under normal market conditions and up to the indicated trade amount.