CFD TRADING COSTS

Pre-Trade Disclosure
The cost of CFD trading is typically the bid-ask spread of the CFD instrument. The bid-ask spread is the difference between the bid price and the ask price in “pips”. For Currency CFDs, this is displayed in the “Spread” column of the Watchlist window on your trading platform. For Commodity and Index CFDs, open a Trade Ticket, click on this icon : which will display the Trading Conditions of the CFD instrument, and you will find “Spread (min)” under “Trading Costs”. When closing a CFD position, you may be subject to a 0.50% fee for converting the profit/loss currency to your account currency.
Post-Trade Reporting
The bid-ask spread of the CFD instrument includes the wholesale spread and OTT’s commission.
In post-trade reporting, OTT’s commission (in account currency) for each executed trade is disclosed in the “Spread Costs” column of the Trades Report. Here is how to access the Trades Report:
Trading platform → ACCOUNT → Historic Reports → Trades Monthly Statement
You will also find the monthly and year-to-date “total spread cost” of all executed trades In the Account Summary section of the official monthly statement provided to you by your carrying broker.

CFD HOLDING COSTS

1. Currency CFD
A Currency CFD position not closed by the end of the trading session (5:00 p.m. ET) is subject to rollover including:
a) Tom/Next: to roll the CFD position from its current value date to the next value date; based on the applicable mark-up or mark-down to the interbank bid/offer rate; and
b) Financing Interest: to calculate the overnight financing of unrealized losses; based on the applicable mark-up or mark-down to the interbank bid/offer rate.
Pre-Trade Disclosure
The mark-up/mark-down to calculate Currency CFD Holding Costs in the Trading Conditions window of the Forex CFD instrument. Select the “Cost” tab to display “Holding Costs”.
Post-Trade Reporting
In post-trade reporting, you will find the itemized daily rollover costs of each Currency CFD position rolled forward to the next value date. Here is how to access the Forex Rollover Report and Account Statement:
Trading platform → ACCOUNT → Historic Reports → Forex Rollovers
Trading platform → ACCOUNT → Historic Reports → Account Statement
Monthly Statement
Monthly carrying costs are displayed in the Cash Transaction section of the monthly statement. The monthly Currency CFD rollover costs are also reported in the aggregate with the financing and carrying costs of other CFDs as “roll amount” in the Account Summary section.
2. Expiring Commodity or Index CFD
An expiring Commodity or Index CFD position not closed by the end of the trading session (5 p.m. ET) is subject to carrying cost based on financing the required margin at the interbank rate with the applicable mark-up.
Pre-Trade Disclosure
The mark-up/mark-down to calculate expiring Commodity or Index CFD Holding Costs is disclosed in the Trading Conditions of the Commodity or Index CFD instrument. Select the “Cost” tab to display “Carrying Cost” under “Holding Costs”.
Post-Trade Reporting
In post-trade reporting, you will find the carrying costs of each non-expiring Commodity or Index CFD calculated monthly in the Carrying Cost Details Report which is also displayed in the Account Statement. Here is how to access the Carrying Cost Details Report and Account Statement:
Trading platform → ACCOUNT → Historic Reports → Carrying Cost Details
Trading platform → ACCOUNT → Historic Reports → Account Statement
Monthly Statement
Expiring Commodity and Index CFD carrying costs are reported monthly in the Cash Transaction section of the monthly statement. The monthly carrying costs are also reported in the aggregate with the rollover costs of Currency CFDs and financing costs of other CFDs as “roll amount” in the Account Summary section.
3. Non-expiring Index CFD
A non-expiring Index CFD position not closed by the end of the trading session (5 p.m. ET) is subject to CFD overnight financing of the position value based on the applicable mark-up/mark-down to the interbank bid/offer rate. Corporate action may also result in a credit or debit to your account depending on whether: 1) you hold a long or short Index CFD position; and 2) whether any dividends are paid during the holding period of the Index CFD position.
Pre-Trade Disclosure
The mark-up/mark-down to calculate non-expiring Index CFD Holding Costs is disclosed in the Trading Conditions of the Index CFD instrument. Select the “Cost” tab to display “Overnight Financing” under “Holding Costs”. There is no pre-trade disclosure for corporate action.
Post-Trade Reporting
In post-trade reporting, you will find the financing costs, as well as credits or debits to your account resulting from corporate action, of each non-expiring Index CFD in the CFD Finance Details Report and CFD Cash Adjustments Report respectively; with both financing costs and corporate actions also displayed in the Account Statement. Here is how to access the CFD Finance Details Report, CFD Cash Adjustments Report and Account Statement:
Trading platform → ACCOUNT → Historic Reports → CFD Finance Details
Trading platform → ACCOUNT → Historic Reports → CFD Cash Adjustments
Trading platform → ACCOUNT → Historic Reports → Account Statement
Monthly Statement
Non-expiring Index CFD financing costs are reported monthly in the Cash Transaction section of the monthly statement. The monthly financing costs are also reported in the aggregate with the rollover costs of Currency CFDs and carrying costs of other CFDs as “roll amount” in the Account Summary section. Credits and debits resulting from corporate action are displayed separately as “CFD corporate actions cash adjustments” in the Account Summary section.

OTHER COSTS

If there are no filled orders in your account for at least six (6) months, you will be subject to a monthly dormant account administrative fee. Such fee will be equal to the lesser of $50 or the remaining balance in your account.
OTT Financial Canada Inc. (“OTT” or “OTTFX”) is a Canadian discount broker specializing in order-execution only services in over-the-counter derivatives; including currencies, commodities, and indices (also known as “Contracts-for-Difference” or “CFDs”). OTT is registered with securities regulators in Ontario and British Columbia. We are a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). OTT and does not provide investment advice or recommendations regarding the purchase or sale of any CFD. OTT is compensated through the bid-ask spread; commission and rollover costs may also apply subject to account pricing, product traded and holding period.