Shares CFD

Important Notice

Please note that swaps are based on market interest rates, which may vary from time to time and are subject to changes according to our liquidity providers’ rates. Swaps are calculated according to the following formula:

Overnight Swap = (Quantity*End of Day Price*Overnight Swap Rate*Days Held)/360

Triple swaps apply on Fridays.

Dividend Adjustment

Shareholders can charge dividends on a stock’s return, making CFDs on shares subject to dividend adjustments. Dividend adjustments will only be applied to accounts that have an open position on the relevant CFD share at 00:00 GMT+2 on the x-Dividend Date.

When a buy trade (long position) is subjected to dividend adjustment, client’s account will be credited. While when a sell trade (short position) is subjected to dividend adjustment, clients’ account will be charged.

The dividend calculation is as follows:

Dividend adjustment = Index Dividend declared x position size in lots.

Note: Sell trades are charged due to the dividend adjustment required by the tradable company and not by ems brokers.