From 12 June to 11 September 2026, trade all EBC U.S. stocks and ETFs with no commission and no overnight interest. The standard fee information below will apply again after the promotion ends.
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This article explains the main trading conditions for ETF CFDs, including commission, overnight interest, trading hours, and order execution policy.
Commission
Assuming the platform charges a fixed commission of USD 0.04 per lot for ETF trading, trading 1 lot of GLD.P would incur a total fixed commission of USD 0.04.
Based on the MT5 mechanism, the commission is split equally between opening and closing the position:
- USD 0.02 charged when opening the position.
- USD 0.02 charged when closing the position.
Calculation
Margin
If you go long 100 lots of GLD.P, the required margin will be calculated as follows:
Formula:
Number of lots x Contract size x Current price / Leverage
Margin (GLD.P)
Applied Formula: (100 x 1 x 300) / 5
Margin: 6000 USD
Overnight interest (In ratio)
If you hold an ETF CFD position overnight, an overnight interest charge may apply.
Formula:
Swap rate / 360 x Contract size x Number of lots x Number of days x Current price
Example:
If you hold a long position of 100 lots in GLD.P and the current price is USD 300 per lot, the calculation may be:
(-7.7 / 100) / 360 x 1 x 100 x 1 x 300 = -6.42 USD
In this example, holding the position overnight would result in an overnight interest charge of approximately USD 5.98 per night.
Trading hours
ETF trading hours generally align with U.S. stock market hours.
- ETF trading hours: Monday to Friday, 16:31-22:59 (GMT+2/GMT+3, depending on daylight saving time).
- ETF market closed hours: Monday to Friday, 23:00-16:30 (GMT+2/GMT+3, depending on daylight saving time).
Order execution policy
On MT4 and MT5, the default Fill Policy for orders is typically FOK (Fill or Kill). However, for stocks and ETFs, clients can choose between IOC (Immediate or Cancel) and FOK as the order execution method.
- IOC (Immediate or Cancel): Allows an order to be partially filled immediately. Any unfilled portion is automatically canceled.
- FOK (Fill or Kill): Requires the full order to be filled at once. If the full order cannot be filled, the order is canceled.
This setting provides more flexibility for stock and ETF trading, especially when market depth is insufficient.