Account Opening
Nil – There is no account opening fee for any First Prudential Markets account.

ASX royalty and webIRESS platform
webIRESS is a state of the art platform provided to First Prudential Markets by IRESS. The monthly charge for accessing the webIRESS platform is $50 GST. This monthly charge is inclusive of the ASX royalty fee of $38.50 a month. This fee can be waived for high volume clients, to enquire if you are eligible contact First Prudential Markets.

ASX Australian Equity and Index CFDs
	Currency	Minimum	Percentage
Internet trades	AUD	$11.00	0.11%
Telephone trades	AUD	$11.00	0.11%
Internet trades	AUD/S&P/ASX200	$14.95	0.055%
Telephone trades	AUD/S&P/ASX200	$14.95	0.055%

A financing cost or benefit is incurred for any CFD positions held overnight. The finance rate is applied to the full value of your position. If you hold a long ‘buy’ position you will be charged a financing interest, if you hold a short ‘sell’ position you may receive interest from First Prudential Markets.

Interest Rates on CFD Positions - Only applicable if positions are held overnight
Based on the value of CFD positions held overnight, interest is debited from and/or credited to your CFD account on a daily basis before market open on the next trading day.
The interest rate charges for open positions held overnight are set out below. Interest is calculated by multiplying the number of CFDs by the closing price, multiplied by the applicable interest rate, divided by 365 days.
Long CFD Position Interest rate	Short CFD Position Interest rate
Reserve Bank cash rate plus 1.5%	Reserve Bank cash rate minus 1.5%
If a LONG CFD position is held overnight you will pay interest on the full notional value of the open position. This is charged at the Reserve Bank Base rate plus 1.5%.
If a SHORT CFD position is held overnight you will RECEIVE interest on the full notional value of the open position. This is received at the Reserve Bank Base rate minus 1.5%.
No interest is paid or received on positions that are not held overnight.