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Fees and ChargesTransaction costsMPlus provides access to over 9,000 DMA CFDs over Global Equities, Futures and FX at some of the lowest rates in the industry. Whatever your trading style, we offer a tailored account and transaction cost structure to suit your individual needs. Commission on individual products is charged according to the standard schedule below International equity CFDs
International future CFDs
Foreign exchange
Telephone tradesMarketsPlus do not charge additional commission for orders placed over the phone.
WebIress platformWebIress is a web based institutional platform provided to MPlus by IRESS Market Technology. The standard monthly charge for accessing the WebIress platform is $55 inclusive of GST. The monthly exchange royalty fees for access to live exchange data can be viewed below. We offer a flexible pricing structure to make it easier for you to access our platforms free of charge.
Exchange Fees - by subscriptionMonthly exchange royalties
Monthly news and additional data royalties
WebIress platform and royalty free rebate schemeTo be eligible to have your WebIress platform fees waived, you need to generate $100 (AUD equivalent) commission per month. This includes access to mobile platforms.
FinancingA financing cost or benefit is incurred for any CFD positions held overnight. The finance rate is applied to the full value of your position. If you hold a long ‘buy’ position you will be charged interest, if you hold a short ‘sell’ position you may receive interest from MPlus.
Interest rates on CFD positionsBased on the value of CFD positions held overnight, interest is debited from and/or credited to your CFD account on a daily basis on the next trading day.
The interest rate charges for open positions held overnight are set out below. Interest is calculated by multiplying the number of CFDs by the closing price, multiplied by the applicable interest rate, divided by 365 days.
Long and short CFD position interest rateLong positions - MPlus relevant currency base rate plus 2% - 4%.
Dividends and CFDsIf you hold a long CFD position leading into the ex-dividend date, you will be credited with an amount equal to the gross unfranked dividend on the underlying shares typically on the ex-dividend date (CFDs do not confer rights to any dividend imputation credits).
If you hold a short CFD position leading into the ex-dividend date, your account will be debited an amount equal to the gross unfranked dividend on the underlying shares typically on the ex-dividend date. |
Who is MPlus Markets?MPlus Markets is a proudly Australian owned trading business. We are committed to small investors and opening the door to a broad range of markets, both domestically and globally, that have previously been difficult for them to access. |
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Disclaimer:Mplus Markets is incorporated in Australia (ACN 160 992 389) and is an authorised representative of FPMarkets (Authorised Representative number 433025). First Prudential Markets Pty Ltd trading as FP Markets holds an Australian Financial Services Licence (number 286354) issued by the Australian Securities and Investments Commission (ASIC). Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets Pty Ltd. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Derivatives can be risky; losses can exceed your initial payment and you must be able to meet all margin calls as soon as they are made. FP Markets CFDs are offered as over-the counter (OTC) products and are therefore not traded on an exchange. When trading Contract for Difference (CFD) you do not own or have any rights to the CFDs underlying assets. FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from FP Markets can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us.
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