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CFD trading example (equity) - Buying ABC Plc

You believe that company ABC Plc’s shares will rise, so you decide to buy a CFD based on 2000 shares.

City Index quotes you a spread of 860/861 for ABC Plc.

Opening trade:

Price of ABC Plc (pence)    861
Equivalent number of underlying shares 2000
Value of total position (£) 17,220.00
Commission @ 0.2%  (£) 34.44
Margin requirement @ 10% (£) 1,722.00

 

Closing trade (3 days later):

Price of ABC Plc (pence) 892
Equivalent number of underlying shares 2000
Value of total position (£) 17,840.00
Commission @ 0.2% (£) 35.68

 

Profit (loss) on trade:

Closing value (£) 17,840.00
Opening value (£) 17,220.00
Profit (£) 620.00
Commission (£) (70.12)
Overall profit on trade (£)   549.88
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