Prospero uses real time market data and low commission to provide traders with the perfect platform to access global equities CFDs. Trade over 150 US and Australian share CFDs in real-time and transparent trading environment. At the same time we provide competitive holding costs, trade from 1 share with no minimum charges. At the same time go long or short on shares CFD to provide more flexibility to your trading strategy.
Trading costs for U.S. stocks
The costs to be taken into account in the trading of stock CFD in PUhua Finance are mainly divided into two parts：
Commission When trading Shares CFD, commission will occur on your trading account, at Prospero Global our Commission charged is based on 0.04 USD per Share.
Roll-over Costs If your Share CFD Positions are held until 5Pm New York time a rollover cost will be charged.
Roll-over rates for Shares CFDs are based on the underlying risk-free or interbank rate for the currency of the relevant share (see table below) plus 3.5% on buy positions and minus 3.5% on sell positions.
Roll-over costs are charged for buy positions and credited for sell positions, unless the underlying risk-free or interbank rate is equal to or less than 3.5%, in which case sell positions may incur a holding cost charge that will be deducted from the cash in your account. Roll-over costs for sell trades may also include an additional adjustment for borrowing fees on shares that attract a higher borrowing cost in the underlying market. These borrowing fees can be significant and are subject to large changes as short interest in a stock increases. Please be aware of this additional risk/charge when holding sell trades in individual share
Roll-over Calculation Methods
Daily Roll-over costs=( Unit x mid Price x roll-over Rates/360) x Prospero Conversion Rates
|Instrument Type||Commission||Financial Charges|
|US Shares CFD||0.04 per share||2.5% per annum|