Typically, trading with Totality allows you to earn interest on your cash balance. Keep in mind, though, that any active positions in margin products will influence how that interest is calculated.

The interest rate you receive is determined by your account level. It's calculated using Totality's Bid/Ask rates, along with an applied markup or markdown. You can find detailed information about those rates right here.

The interest earned on your primary account is determined by your Net Free Equity (NFE)—that’s your cash balance adjusted for any applicable NFE changes. If you hold sub-accounts across various currencies, interest for each is calculated based on its individually adjusted account value.

Your account tier, First or Classic, —determines the interest rate you receive. This rate is based on Totality’s Bid/Ask rates, along with an adjustment that may either increase or decrease the final amount. More details on Totality’s Bid/Ask rates can be found here.

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¹ _{Interest rates on positive Net Free Equity (NFE) are floored at 0%, i.e., you are not paying interest (debit) in case the markdown exceeds current Totality Bid rates.}  

² _{Totality Ask rates are floored at 0%, i.e., the overdraft rate on Negative NFE will not be less than the markup rates.}

Totality Interest accrues on a daily basis and is settled monthly—typically within seven business days following the close of each calendar month. The calculation follows market standards and day count conventions detailed in the Totality Bid/Ask Interest Rates table.

Net Free Equity (NFE) = Cash balance +/- NFE Adjustments

1) The value-dated cash balance of your main trading account, plus or minus cash balances on your sub-accounts in the same currency

2) NFE Adjustments on your main account consist of:

a) Plus or minus any unrealised profits or losses from open CFDs, FX Forwards and Futures on your main trading account and sub-accounts in the same currency

b) Plus the market value of any FX Options on your main trading account and sub-accounts in the same currency

c) Minus any margin required for financing open positions on your main trading account and sub-accounts regardless of sub-account currency

3) NFE Adjustments on your Sub-Accounts in currencies different from the Main Account consist of:

d) Plus or minus the value of any unrealised profits or losses from open CFDs, FX Forwards and Futures on accounts in the same currency

e) Plus the market value of any FX Options on accounts in the same currency

Keep in mind that the requirements for margin financing may not align with those for trading margins.  

You can refer to our General Business Terms for a comprehensive list of cash collateral used in calculating Net Free Equity for margin financing.

Net Free Equity takes into account open positions across all your accounts, it’s important to maintain enough cash in your main account’s currency. Failing to do so may result in being charged debit interest in that currency.

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 To help you achieve your financial goals and trading targets, we offer access to funding and liquidity for margin product transactions. Financing rates are applied when you maintain an overnight position in a margin product—such as a single-stock Contract for Difference (CFD).

Your financing rates consist of two components: 1) Totality Bid/Offer financing rates and 2) Product markup/down.

The financing rates are set as:

• Bid = Totality Bid financing rate - product markdown
• Offer = Totality Offer financing rate + product markup

Totality's Bid/Offer financing rates represent the floating interest rates applied to financing. These rates are based on Alternative Reference Rates (ARRs), where available. If a currency doesn't have a specific ARR, we instead rely on money market rates, policy rates, or other suitable financial benchmarks.
  Totality’s Bid/Offer Financing Rates are subject to a minimum threshold of zero percent—meaning negative interest rates are not applied under any circumstances.

 When you purchase single-stock CFDs—for example, in Hong Kong Dollars—Totality will exchange our funding base into the relevant currency to support the acquisition. Likewise, if you’re selling CFDs in a currency like South African Rand, we’ll convert the proceeds from the sale back into our core funding currencies. To manage the liquidity and cash flows arising from your trades, we actively operate within the interbank market across a range of financial instruments.

 Alternative Reference Rates (ARRs) are established through collaborative efforts involving global and domestic financial associations, active market participants, and central or reserve banks. These benchmarks are publicly accessible and acknowledged by National Competent Authorities (NCAs), industry groups, and market stakeholders around the world. To explore specific financial benchmarks mentioned below, please refer to the relevant administrator or your central or reserve banking institution.

 Totality Bid/Offer financing rates are exclusive to Totality and governed by the guidelines outlined in our General Business Terms. These terms may include provisions for passing on costs linked to external influences—such as shifts in domestic or international monetary or credit policies that impact overall interest levels, or changes in expense structures with brokers and liquidity partners.

As a reference, see applicable Benchmark Rates in the section below.

Product markups/downs

For more information on our general pricing, please consult the page Pricing Overview 

Interest calculation and settlement

 At Totality, interest is calculated on a daily basis and settled each month—typically within seven business days following the end of the calendar month.

 The Bid/Ask rates offered by Totality are proprietary and governed by the terms outlined in our General Business Terms. These may include the ability to pass through costs driven by external factors—such as fluctuations in domestic or international credit and monetary policies that influence prevailing interest rates, or adjustments in cost structures with brokers and liquidity providers.

 Totality typically incorporates Alternative Reference Rates (ARRs) when determining its Bid/Ask rates. However, for certain currencies, other financial indicators—such as money market rates, monetary policy rates, or relevant benchmarks—may serve as inputs instead.

 The specific benchmarks used to establish interest rates for deposits and margin product financing can be found in the table below. Totality also retains the discretion to apply a business lag when publishing financial benchmarks for the purpose of calculating and booking both unrealised and realised interest.

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Custody fees for stocks, ETFs/ETCs and bonds

 For accounts holding international equities, ETFs/ETCs, or bonds, Totality applies a custody fee. However, ASX-listed shares and bonds are exempt from these charges.

For clients on the Classic service level a fee of USD 50 – or the equivalent amount in the account currency – will be charged when client requests online reports to be delivered by email. This fee will also apply for third-party requests for reports from, for example, auditors.

Transfer in fee

Totality does not charge any fees for incoming transfers of securities from your other brokerage accounts.

Transfer out fee

For transfers of securities to your brokerage account outside Totality, an exit fee will be charged. The fees are AUD 50 per ISIN (max AUD 200).

FX Rollover Procedure

The FX Spot market is used for immediate currency trades. The term “Spot” refers to the standard settlement convention of two business days after the trade date (known as T+2)¹. For example, a EURUSD trade executed on a Monday will settle on a Wednesday (if there is not a public holiday in either currency on Tuesday or Wednesday, in which case the trade will be settled on the next available business day). The settlement period refers to the amount of time that is allotted to both parties to satisfy the trade’s obligations. At Totality, FX Spot trades do not settle. Instead, open positions held at the end of a trading day (17.00 Eastern Standard Time) are rolled forward to the next available business day.²

The rollover is made up of two components; the Tom/Next swap points (Forward Price) and the Financing of unrealised profit/loss (Financing Interest). Financing Interest is not affected by the revisions on 9 December 2019.

Tom/Next swap points (Forward Price)

The swap points used are calculated using market swap prices from tier 1 banks, plus/minus a mark-up³ of the Tom/Next interest swap rates. The final rate is used to adjust the opening price of the position.⁴

Tom/Next swap points for Classic accounts are revised to the levels below:

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¹ _{The standard settlement convention of T+2 is applicable for the majority of currency pairs; however there are exceptions to this rule e.g. USDCAD, which has a settlement convention of one day after the trade date (T+1).}

² _{The global market convention is that the value date rolls forward at 17.00 Eastern Standard Time, however there are exceptions to this rule e.g. NZD, which rolls forward at 07.00 New Zealand Daylight Time.}

³ _{An additional +/- 0.30% mark-up is applied to Mexican Peso (MXN), Russian Ruble (RUB), Turkish Lira (TRY) and South African Rand (ZAR) currency crosses.}

⁴ _{Applicable to the default rollover methodology.}

When placing an order through phone, chat, or email, Totality clients will incur a manual processing fee of EUR 50 per transaction. However, this charge may not apply to specific products that are unavailable for direct trading on the platform.

Clients may request Form 1042-S; however, a handling fee of EUR 1,000 per income year will be charged unless one of the following conditions is satisfied:

• You can demonstrate that the IRS has formally requested the Form 1042-S.
• Totality Group has applied an incorrect relief-at-source U.S. tax rate to your account. If more than 10 forms are required per income year the fee will exceed EUR 1,000 per year.

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Clients who opt into Totality’s meeting services will be subject to a proxy voting service fee. Additionally, a charge will apply for each individual vote cast or modified.

The service subscription fee at Totality is billed quarterly—charged at the close of each calendar quarter—and is non-refundable. If a client activates and cancels the service within the same quarter, the full fee still applies.

When necessary, the subscription fee will be converted into the appropriate local currency and may include a currency conversion cost. The initial charge for this fee was applied at the end of Q4 2020; no charges were issued for Q3 2020.Totality applies a per vote fee at the moment a voting action is executed.

Where applicable, this fee is converted to your local account currency and may include a currency conversion cost. The per vote fee came into effect on 3 September 2020, with the first charge applied at the conclusion of Q4 2020.

Totality aims to offer a wide selection of trading instruments tailored to your strategy. If an instrument isn’t currently listed on the platform, you may submit a request for it to be added. Please note that a fee applies to cover associated setup, operational, and connectivity costs.

If an instrument isn’t listed on the Totality platform, you can submit a request to have it added. To do so, visit the help portal and provide the following details: 

• Instrument type (e.g., CFD, stock)
• Company name
• ISIN code
• Exchange
• Any additional relevant information

 A fee of USD 200—or the equivalent in your account’s currency—will apply to Platinum clients for each new instrument successfully added to the Totality platform. VIP clients are eligible to request new instruments at no charge. This fee is only applied once the requested instrument has been implemented.To check your current account tier, login to the platform, go to the ‘Account’ section and select the ‘Totality Rewards’ tab.