INTRO TO FOLLOWING

It's easy to fund your account and withdraw money

Read about the Follower Fees

Find Top Traders: easy to explore and choose

  • The ranking makes it easier for you to choose and is sorted by performance, amount of Followers, career and level and type of remuneration model of the Top Traders
  • Use the Trading Career to understand their experience, risk management and performance at a glance
  • See the Risk Score for additional understanding of their attitude to risk
  • Explore the detail of their trades: their strategy, the mix of their investments and even the performance of each individual trade they have made

Portfolio Builder: the most intuitive way to invest

Use the Portfolio Builder to see how your investment would have performed over the past months or years. 

  • Click and drag up to 5 Top Traders into your portfolio
  • Add or remove Top Traders whenever you want
  • Easily adjust the amount of money following each trader
  • t’s easy to set a Loss Protection for your account

My Account makes it easy to see the details

Start with as little as £2,000 or open a risk-free demo account, all within minutes

  • It’s easy to fund your account or withdraw money by credit and debit card or bank wire transfer
  • Keep an eye on your performance

  • See the trades of each Top Trader you are following

Copy Trading at SpreadMarket.com

  • Copy Trading at SpreadMarket.com is implemented through Spread Betting/CFDs (contracts for difference). CFDs can offer a flexible alternative to physical instruments by allowing clients to gain exposure in a variety of markets without taking ownership of the actual underlying asset. This also includes participation in the rise and fall of underlying asset prices.
  • CFDs are leveraged products that are traded on margin. This means that a margin must be deposited prior to trading. This margin deposit is typically a fraction of the total trade value. The remainder of the total trade value is financed by SpreadMarket.com. Consequently, clients gain exposure to larger positions than they would in the absence of leverage.
  • Price movements in the underlying market can result in proportionately larger profits and losses due to the leverage effect. Please ensure that you understand the risks associated with CFD trading. 

 

FOLLOWER FEES

The fees are dependant on the type of remuneration model your Top Trader has chosen. So when selecting your Top Trader, you also select that trader's chosen remuneration model. In the case of following more than one trader, it may be the case that both fee models are also applicable. That means the fee for each individual Top Trader is calculated separately on your account.

Fees for performance-based remuneration model

The performance fee of 25% is calculated in accordance with the so called high watermark method. A fee is only due as soon as the traders performance reaches an individual high on the followers account. The fee calculation is based on the profits generated by the Top Trader. The daily management fee of 1% p.a. is calculated on the basis of the amount of capital allocated to the Top Trader. For detailed information regarding Management Fee (MF) or Performance Fee (PF) please see Terms and Conditions for SpreadMarket.com auto execution.

Performance fee

Performance fee: 25%

Management fee

Management fee: 1 % p.a

 

Fees for volume-based remuneration model

With volume based compensation, a signal fee (the opening and closing of a position from a Top Trader signal) of 1 Eurocent is charged to the Follower.

Signal fee

1 Eurocent per executed signal

Financing charges

  • We charge for overnight financing, normally at the rate of 3%* p.a. plus relevant interbank rate
  • For non-FX products, Long positions attract financing charges, but for short positions financial interest may be credited to your account For FX products, a financing credit or debit will apply and the nature of the transaction is dependent on the underlying interest rates of the constituent currencies within the FX pair. ⱡ

For more information on financing charges, click here.

Dividends

We pass on 100% of dividends for UK shares, and 85% for US shares. Find out more in the Learn section.

Rollover costs

Where futures are the reference market we only charge half of the bid offer for rollovers from one contract into the next. Therefore, the new position is only 50% of our standard spread for that market.

Financing charges

Positions that are open overnight are subject to financing charges on a daily basis. Positions held on a Friday will attract a 3-day financing charge/credit for the weekend.

For long positions, you borrow capital from us and so you will attract financing charges

For short positions, you are lending capital to us, so financing charges may be paid to you

Note: Positions on futures do not incur such treatment.

The charge is influenced by three elements:

  1. Notional value of the position: This is the amount you borrowed or lent on the position
  2. Interest rate: This is normally calculated by adding a 3%* rate to the one-week deposit rate of that currency, e.g. in the UK that would be LIBOR
  3. Number of nights: We take the annual rate and divide it by 360 days to calculate the nightly cost, and then multiply that by the number of nights

We’ve simplified the equations to calculate these transactions:

  • Long positions: Daily Financing Transaction = -[value of trade x Effective Financing Rate x 1/360**]
  • Short positions: Daily Financing Transaction = [value of trade x Effective Financing Rate x 1/360**]

*Note that SGD and HKD denominated products are charged at the rate of 5% p.a. plus relevant interbank rate. Bitcoin products are charged at a rate of 25.5%.

**or 365 for GBP denominated assets

ⱡ If the calculated financing charge is lower than 0.01 (0.10 for DKK or SEK) units in the account base currency a minimum fee of 0.01 (0.10 for DKK or SEK) will apply. Note: this does not apply in the case of zero leveraged long positions where financing charges will always be zero.

Example: A Long Position

A client has a long position in 2,000 shares (equivalent) of company XYZ. At our daily financing time, the stock is valued at £20. If the current 1 week deposit rate for GBP is 1%, the calculation would be:

- (2,000 x £20) x (1% + 3%) x 1/365 = -£4.38 

If they traded on a 10% margin, they will be charged 90% of the above value, so £3.95.

Example: A Short Position

A client has a short position in 500 shares (equivalent) of company ABC. At our daily financing time, the stock is valued at $300. If the current 1 week deposit rate for USD is 5%, the calculation would be:

(500 x $300) x (5% - 3%) x 1/360 = +$8.33 

If they traded on a 25% margin, they will only be credited for 25% of that amount, so $2.80.