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S&P 500 CFD spreads at TMGM explained

Your expert
Eszter Z.
Fact checked by
Gyula L.
Updated
1w ago
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Are S&P 500 CFD spreads low at TMGM as of February 2024?

Regrettably, the S&P 500 CFD spreads at TMGM are classified as high, which may impact trading costs for traders.

At TMGM, the S&P 500 CFD spread is 2.3, while the average spread is 0.7 among 53 brokers reviewed by BrokerChooser.

Analyzing S&P 500 CFD Spreads: Ranking 53 Brokers by BrokerChooser
S&P 500 CFD spread
S&P 500 CFD spread fee class
0.5 Low
0.4 Low
2.3 High
1.5 High
0.2 Low
0.3 Low
0.4 Low
0.3 Low
0.4 Low
0.3 Low
0.4 Low
0.6 Low
0.4 Low
0.4 Low
0.4 Low
0.4 Low
0.4 Low
XM
0.5 Low
0.4 Low
0.4 Low
0.4 Low
IG
0.4 Low
0.6 Low
0.4 Low
0.4 Low
0.5 Low
0.5 Low
0.5 Low
0.5 Low
0.5 Low
0.5 Low
0.6 Low
XTB
0.6 Low
0.6 Low
0.6 Low
0.6 Low
0.6 Low
0.6 Low
1.0 High
0.6 Low
0.7 Average
0.8 Average
0.9 Average
Axi
0.5 Low
1.0 High
0.8 Average
1.1 High
1.7 High
1.5 High
FBS
1.5 High
3.0 High
1.0 High

Data updated on February 12, 2024

Summary

  • Lower spreads can potentially boost your profits and minimize your losses, making them a more desirable choice.
  • The suitability of higher spreads for your trading style depends on various factors.
  • Lower spreads may be advantageous if you prefer shorter holding periods for your trade positions.
  • It is crucial to educate yourself about the risks associated with CFD trading before engaging in it.
BrokerChooser score
4.1 4.1 /5
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80.26% of retail CFD accounts lose money

S&P 500 CFD spreads and costs at TMGM

Now, let's check the S&P 500 CFD spreads and costs in detail at TMGM!

S&P 500 CFD spreads and costs
💹 S&P 500 CFD spread 2.3
📊 S&P 500 CFD spread fee class High
💰 S&P 500 CFD fee The fees are built into the spread, 2.3 points is the average spread cost during peak trading hours.
📈 S&P 500 CFD benchmark fee $3.6

The data presented in the table was collected on Jan 26, 2024.

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80.26% of retail CFD accounts lose money

What is S&P 500 CFD trading?

S&P 500 CFD trading speculates on price movements of the S&P 500 index using CFDs, offering profit potential without owning stocks but with associated risks.
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What is the spread?

The spread in trading is the difference between the buy and sell price of a financial instrument, representing the broker's commission. A lower spread means lower trading costs for traders, impacting potential profits and losses.
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Is a financing rate charged at TMGM?

At TMGM, the financing rate for S&P 500 CFDs is 6.8%, offering competitive terms for traders seeking to hold positions overnight.

The data regarding the financing rate for S&P 500 CFDs was collected on Jan 26, 2024.

What does the CFD financing rate mean?

CFD financing rate is the cost or credit for holding a position overnight, based on interbank lending rate and broker's markup, applied daily.

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BrokerChooser score
4.1 4.1 /5
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80.26% of retail CFD accounts lose money

Looking for a CFD broker?

If you are interested in finding CFD brokers with the most favorable trading conditions, check out our top recommendations for the best CFD brokers in the world.

Read Best CFD Brokers article

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Further reading

Author of this article

Eszter Zalán
Eszter Zalán

Eszter is a former Editor and Financial Journalist for BrokerChooser. She wrote and edited BrokerChooser's content from 2021 onwards, bringing her more than a decade-long experience in journalism to the team. She has covered world affairs and several financial crises, and dove deep into SEO and coding to make BrokerChooser's content more accessible to users.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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