Clear pricing with no surprises
We are upfront about the costs of trading with us, and our transparent pricing means you'll always know our charges.
Trade with confidence
Trade on platforms designed to meet the demands of all types of traders.
Where we source our pricing
StoneX Trading sources prices for our spread betting, CFD trading and spot FX markets from a range of sources, including:
- Applicable primary exchanges
- Alternative liquidity providers
We also utilise pricing sourced from our parent company, StoneX (Nasdaq: SNEX), a multi-national payments and global securities specialist. These proprietary prices are not available through any other brokerage, meaning we can provide our traders with competitive pricing and exceptional liquidity.
For OTC (over-the-counter) assets such as FX markets, we source pricing from a number of Tier 1 financial institutions and Electronic Communications Networks (ECNs). This enables us to tap into deep liquidity from around the world, including financial centres such as New York and London.
We have access to over 10 different sources of liquidity to help secure our clients the best pricing and liquidity possible.
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How liquidity affects our pricing
The pricing for our markets is continuously monitored and updated based on current liquidity levels during the trading hours for each individual market. However, please note that some markets will undergo periods of illiquidity or are generally illiquid in their nature.
Fixed spreads
Fixed spreads offer one fixed price spread regardless of underlying market conditions. Whether the market is highly liquid or not, fixed spreads give traders confidence in pricing.
Variable spreads
Variable spreads move in accordance with current market conditions and available liquidity in that market, widening and tightening as market participation and volatility allow.
Capped variable spreads
Capped variable spreads offer the best of both fixed and variable spreads, so you’ll benefit from tight spreads during times of heightened volatility and won’t pay larger spreads during periods of low liquidity.
How our markets are priced
StoneX Trading acts as a market-maker for all 13,500+ of the markets we offer. We use various methodologies to price each market depending on each individual market and asset class.
The pricing for each market is derived from a number of top-tier liquidity sources, all delivered to you at the best possible price with minimal latency.
How does StoneX Trading make money?
StoneX Trading makes money from the difference between the buy and sell prices on each market listed on our platforms – known as the spread. Depending on the product you trade, other charges may also apply, including overnight financing, commissions on share CFDs and currency conversion charges. You can find details of all applicable charges in the Market Information Sheet within the platform.
Let’s say that a market is priced at 100. The buy price is 100.5, while the sell price is 99.5. This is a one-point spread and one of the ways we generate revenue while providing access to global markets.
Safeguarding client funds
All client funds are kept in segregated accounts separate from StoneX Trading funds, unless otherwise stipulated. To see how we protect your funds when trading with us, find out more by visiting our Financial Strength and Security page.
Hedging client positions
StoneX Trading makes money through the spread, meaning we do not directly profit from when you win or lose.
In most cases, clients’ positions will balance each other out. Some traders will opt to buy a certain market while others will choose to sell the same market – this is known as internalisation.
We may have periods when the majority of our traders are opening positions in the same direction. If this occurs, we hedge these positions in order to manage company funds and mitigate risk. As an example, if clients are mainly shorting Wall Street, we would then hedge these positions by opening positions in the Dow Jones futures market. Learn more about how we manage market risk in our FAQs.
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