Sheer Markets offers 4 types of accounts to its customers
Accounts that offer our customers to cover a low spread and charge no commission.
Accounts that charge a small fee per side instead of spread for trading FX and NDF CFDs

Overnight rates for index CFDs are based on the one month interbank rate of the country of index. Plus 2.5% on buy (long positions) and minus 2.5% on sell (short positions). This is applicable and charged for buy (long) and credited for sell (short) positions unless the one month interbank rate is equal or less than 2.5%. In this situation the sell (short) position may incur a charge also.

Example

Microsoft MSFT.xnas bought (long) 2,500 shares @ 215.12 = 538,000 USD

Held for one interest day.

Applicable interbank rate plus 2.5% markup = 2.643% over 360 day period

538,000 x 2.643%    =  14,219.34 / 360 = 39.50 USD

39.50 USD is the overnight holding charge for 538,000 USD worth of MSFT equity.

Commissions Applicable to Stocks

Exchange Market Execution Fees Unit
EURO STOXX 50® EUROPE 15 bps
DAX PEFORMANCE INDEX EUROPE 15 bps
STOXX® Europe 600 EUROPE 15 bps
NASDAQ-100 US 0.05* USD/share
Dow Jones Industrial Average US 0.05* USD/share
S&P 500 US 0.05* USD/share
FTSE 100 Index UK 15 bps

*Min Excecution Fee on US Stocks $10.00

A swap is only charged when you keep a position open overnight. Also known as "rollover fee," it is calculated by whether you are "Long' (BUY) or "Short" (SELL) and represents the interest rate differential between the two currencies of the pair you are trading.

Scenario for a USD Trading Account:

Position: Long (BUY) 1 Lot EUR/GBP

Duration: 1 Overnight

Swap Rate (from table) : 0.303 GBP

Reference rate (rate at close day): 1.35313 GBPUSD

Calculation per example: 1.35313*0.303= 0.41 USD Cost to Client for holding the position over night

Short Positions Long Positions
AUDCAD -0.197 0.197
AUDCHF -0.284 -0.023
AUDDKK -1.971 0.694
AUDHUF -0.64 1.27
AUDJPY -0.185 0.108
AUDNOK -1.599 2.122
AUDNZD -0.22 0.272
AUDPLN -0.907 0.671
AUDSEK -2.331 1.358
AUDSGD -0.315 0.394
AUDUSD -0.087 0.167
CADCHF -0.296 -0.025
CADJPY -0.192 0.112
CHFDKK -1.295 2.561
CHFHUF -0.153 2.646
CHFJPY -0.002 0.414
CHFNOK 0.004 5.381
CHFPLN -0.359 1.924
CHFSEK -1.213 4.126
CHFSGD -0.118 0.917
EURAUD -0.051 0.557
EURCAD -0.047 0.53
EURCHF -0.272 0.109
EURCZK 1.367 1.691
EURDKK -1.889 2.134
EURGBP 0.004 0.303
EURHKD -1.071 4.697
EURHUF -0.402 2.553
EURILS -0.981 2.306
EURJPY -0.083 0.343
EURMXN 22.889 42.958
EURNOK -0.7 4.901
EURNZD -0.054 0.675
EURPLN -0.682 1.697
EURRUB 77.073 145.782
EURSEK -1.982 3.589
EURSGD -0.231 0.855
EURTRY 24.119 37.184
EURUSD 0.067 0.431
EURZAR 18.949 29.444
GBPAUD -0.368 0.313
GBPCAD -0.35 0.294
GBPCHF -0.511 -0.084
GBPDKK -3.534 0.962
GBPHUF -1.141 2.162
GBPJPY -0.33 0.147
GBPMXN 20.965 43.39
GBPNOK -2.841 3.421
GBPNZD -0.39 0.425
GBPPLN -1.62 1.04
GBPSEK -4.171 2.055
GBPSGD -0.563 0.651
GBPTRY 25.188 39.783
GBPUSD -0.152 0.255
GBPZAR 17.672 29.402
HKDJPY -0.055 0.03
NOKJPY -0.04 0.02
NOKSEK -0.458 0.236
NZDCAD -0.231 0.186
NZDCHF -0.299 -0.021
NZDHUF -0.708 1.2
NZDJPY -0.21 0.103
NZDSGD -0.343 0.372
NZDUSD -0.117 0.158
PLNJPY -0.076 0.072
SEKJPY -0.03 0.036
SGDJPY -0.34 0.198
TRYJPY -0.536 -0.342
UKOUSD 0.603 1.025
USDCAD -0.298 0.155
USDCHF -0.409 -0.112
USDCNH 3.101 8.255
USDCZK -1.441 0.929
USDDKK -2.832 0.4
USDHKD -2.433 2.232
USDHUF -0.941 1.473
USDILS -1.488 1.197
USDJPY -0.275 0.056
USDMXN 15.296 31.699
USDNOK -2.381 2.111
USDPLN -1.322 0.588
USDRUB 49.926 105.908
USDSEK -3.374 1.102
USDSGD -0.46 0.422
USDTHB -1.721 1.569
USDTRY 18.812 29.629
USDZAR 12.937 21.393
USOUSD 0.807 1.203
XAGEUR -0.079 0.017
XAGSGD -0.111 0.141
XAGUSD -0.039 0.069
XALUSD 2.161 10.402
XAUAUD -5.528 6.05
XAUCNH 60.099 169.373
XAUEUR -5.543 0.931
XAUGBP -2.533 3.256
XAUSGD -8.291 10.834
XAUTRY 355.832 573.82
XAUUSD -2.382 4.814
XCUUSD 5.105 27.557
XNGUSD 0.758 0.776
XNIUSD 37.095 93.545
XPBUSD 16.03 24.17
XPDUSD -17.216 14.864
XPTUSD -4.211 4.754
XZNUSD 18.743 28.984
ZARJPY -0.102 -0.063
Disclaimer: The above market rates are subject to change from time to time without prior notice due to market conditions

Commissions Applicable to NDF CFDs
NDF CFD SHEER CLASSIC SHEER CLASSIC PLUS SHEER PRIME SHEER PRIME PLUS
USD/BRL Competitive Spread Competitive Spread USD 5 per Lot per side USD 4.5 per Lot per side
USD/CNY Competitive Spread Competitive Spread USD 5 per Lot per side USD 4.5 per Lot per side
USD/IDR Competitive Spread Competitive Spread USD 5 per Lot per side USD 4.5 per Lot per side
USD/INR Competitive Spread Competitive Spread USD 5 per Lot per side USD 4.5 per Lot per side
USD/KRW Competitive Spread Competitive Spread USD 5 per Lot per side USD 4.5 per Lot per side
USD/TWD Competitive Spread Competitive Spread USD 5 per Lot per side USD 4.5 per Lot per side

Rates Applicable to Cryptocurrency Pairs offered by Sheer Markets

Crypto Name Spread Long Position Short Position
BTCUSD Raw 45% finance paid 0% finance received
ETHUSD Raw 45% finance paid 12.5% finance received
LTCUSD Raw 37.5% finance paid 0% finance received
BCHUSD Raw 37.5% finance paid 0% finance received
Disclaimer: The above market rates are subject to change from time to time without prior notice due to market conditions

Dormancy Fee

An account with a positive credit balance is considered to be dormant if it has exhibited no activity over a period of 6 months. Dormant accounts with positive credit balances will be charged a €10 maintenance fee per month.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts suffer capital losses when executed on CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.