No CFD trade allows the client to take delivery of any product.
All CFD trades are closed out FIFO (First In First Out).
All CFD trades are treated as a buy or sell regardless of whether the trade closes all or part of an existing CFD trade or opens a new trade. The exception to this is Limited Liability transactions. CFDs do not entitle you to any rights in connection with the underlying share, including voting rights.

Financing
There is a daily financing charge associated with any open CFD position at the STIFX daily close of business. Long CFD positions will be charged financing and Short CFD positions will receive financing. The applicable interest rate will be Overnight Libor plus or minus the STIFX financing spread.
For a position held open over an STIFX non business day in the relevant market financing will be applied for the amount of days till the next business day, i.e. open positions on a Friday with a Monday as the next business day will attract 3 days financing.
Financing will be credited or debited on the next STIFX business day.

Equities

• Minimum Deposit - Zero, but you must have available free equity before you can trade.
• Minimum Trade size - The minimum trade size is 1 share.
• Maximum Trade Size - Is dependant on free equity in your account and market liquidity.
• Commission - STIFX offers very competitive commission charges on equity CFDs; as well as tight spreads and commission free trading on Index CFDs.

Shareholder Privileges –
With CFDs you don’t actually own the shares so you do not receive all the privileges normally associated with share ownership, such as voting or invitations to AGMs.

Order Types

Market Order -
You ask for a price and deal on that quoted price.

Limit Order -
You place an order to buy below the market or sell above the market at a pre-determined level. The default order is Good for the Day; however we also take Good Till Cancelled orders on request.

Stop Order -
You place an order to sell below or buy above the current market level when your level is traded or traded through. This is not a guaranteed price at the level set by the client but at a price where we deal or could have dealt in the market. The default order is Good for the Day; however we also take Good Till Cancelled orders on request.