Phillips 66 (NYSE:PSX) share price

There's no cost when opening a live spread betting or CFD trading account. You can also view prices and use tools such as charts, Reuters news or Morningstar quantitative equity reports, free of charge. However, you will need to deposit funds in your account to place a trade.

There are a number of costs to consider when spread betting, including spread costs, holding costs (for trades held overnight which is essentially a fee for the funds you borrow to cover the leveraged portion of the trade), rollover costs on expiring forward trades, and guaranteed stop-loss order charges (if you use this risk-management tool).
See our costs

Yes, CMC Markets UK plc (registration number 173730) and CMC Spreadbet plc (registration number 170627) are fully authorised and regulated by the Financial Conduct Authority (FCA) in the UK. Retail client money is held in segregated client bank accounts and money held on behalf of clients is distributed across a range of major banks, which are regularly assessed against our risk criteria.

Yes, your eligible deposits with CMC Markets are protected up to a total of £85,000 by the Financial Services Compensations Scheme (FSCS), the UK's deposit guarantee scheme. If CMC Markets ever went into liquidation, retail clients would have their share of segregated money returned, minus the administrators' costs in handling and distributing these funds. Any shortfall of funds up to £85,000 may be compensated under the FSCS.

As a retail client, your money is always held separately from CMC Markets' own funds, so that under property, trust and insolvency law, your money is protected. Therefore your money is unavailable to general creditors of the firm, if the firm fails.

Our income primarily comes from our spreads, while other fees, such as overnight holding costs, make a minor contribution to overall revenue.

We never aim to profit from our clients' losses. Our aim is to build long-term relationships by providing the best possible trading experience through our technology and customer service.