Spanish share examples
The commission rate on a Spanish share CFD is 0.10%, subject to a minimum commission charge of $9.00.
A 2500 unit trade in Banco Santander at a price of 5.20 would incur a commission of $13.00 based on the following calculation:
2500 (units) x 5.20 (price) = $13,000 x 0.10% = $13.00
But a 1000 unit trade in Banco Santander at a price of 5.20 would incur a minimum commission charge of $9.00
1000 (units) x 5.20 (price) = $5200 x 0.10% = $5.20
Since the actual commission on this trade is less than our $9.00 minimum commission charge, we have instead applied the minimum commission charge of $9.00.