Apple CFD fees at Questrade explained

No, unfortunately Apple CFD fees are high at Questrade compared to all the brokers we have reviewed.

However, there are quite a few brokers that offer Apple CFDs at much lower fees, such as eToro and Capital.com. If you are interested in more options, don't hesitate to find CFD brokers with low fees by using our Find My Broker tool!

• CFD fees include the spread, commissions and financing rates charged by the broker.
• Keep in mind that your initial position will be reduced by the spread once you enter a trade.
• Time is of the essence: whether spreads or financing rates are more important costs for you depends on how long you want to hold a position.

Visit broker

If you want to see what other CFD brokers might work for you, see our current top recommendations for the best CFD brokers!

CFD stands for "contract for difference" and it is a type of financial product that can provide traders with the opportunity to speculate on the price movements of a wide range of underlying assets, including stocks, commodities, currencies, and stock indexes.

CFDs are often traded with leverage, which means that traders can control a larger position than what they would be able to with their available capital. However, it's important to note that trading with leverage carries risks and not only can boost your profits but also can magnify potential losses.

Additionally, CFDs allow traders to take short positions, meaning they can potentially profit from a decrease in the price of the underlying asset.

If you're curious to know more about CFDs, check out our main article on what exactly CFDs are and how they work!

How are CFD fees calculated?

When it comes to trading CFDs, there are a few main fees you'll need to keep in mind:

• Spread: The spread is the difference between the buying and selling price of a CFD and represents the fee that the broker charges for executing the trade. Spreads can vary based on both the broker and the specific type of CFD being traded.
• Financing rate (also called an overnight rate or swap fee): CFDs are often leveraged products, which means that holding a position overnight could result in you being charged an overnight financing rate (sometimes called a swap fee). This fee is closely tied to the market and can be affected by factors like interest rates. Additionally, the financing rate is charged on a daily basis, so holding a position for an extended period can significantly increase your costs.
• Commission: Some brokers may charge a commission for trading CFDs in addition to the spread. The commission can be either a fixed fee or a percentage of the trade size. Typically, brokers with narrower spreads may charge higher commission fees, while brokers with wider spreads may charge lower commission fees or no commission at all.

Now, let's move on and see the specific costs of trading an Apple CFD at Questrade!

Apple CFDs enable you to speculate on the price movements of Apple shares without actually owning any of the underlying stocks. When you trade Apple CFDs, you're essentially entering into a contract with your broker based on the current market value of Apple. By buying and selling an Apple CFD, you have the potential to profit (or suffer a loss) based on changes in the company's share price.

Data updated on December 18, 2024

In addition to trading fees, brokers may also have non-trading fees that can increase your overall costs. These fees are not directly related to trading and can include account maintenance fees, deposit and withdrawal fees, and inactivity fees. You should be aware of these fees and factor them into your trading costs when evaluating different brokers.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

If you plan to invest for the long term, or hold a trading position for a longer period of time, CFDs might not be the best for you and you might be better off trading the underlying asset itself rather than a CFD. If you are interested in buying Apple stocks directly, we suggest taking a look at our overview on how to buy Apple shares.

Additionally, you can also check out our list of the best stock brokers for brokerages that offer the option to buy Apple shares.

If you are looking for the brokers that offer the best CFD trading conditions, check our top recommendations of the best CFD brokers in the world.

Our expert team here at BrokerChooser specializes in helping you find a broker that best suits your needs. We have reviewed over 100 brokers based on BrokerChooser's unique methodology.

If you have any feedback or questions, feel free to contact us via email!