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Costuri de tranzactionare

• Introducere
• CFD-uri pe indici
• Accesul direct pe piata al CFD-urilor
• CFD-uri pe marfuri
• Costuri de tranzactionare
• Conditii de tranzactionare
• Invatati despre CFD-uri
• Intrebari frecvente

Costurile de tranzactionare pentru fiecare categorie de CFD-uri sunt urmatoarele:

• Taxele si comisioanele CFD-urilor pe actiuni
• Marja pentru CFD-urile pe Actiuni
• Grupele de marja
• Costurile de tranzactionare ale CFD-urilor pe indici
• Costurile de tranzactionare ale CFD-urilor pe marfuri
• Taxele si comisioanele pentru CFD-urile DMA

Taxele si comisioanele CFD-urilor pe actiuni

Regiunea	Numele pietei bursiere	Comisionul	Taxa de tranzactionare*	Valoarea minima de tranzactionare*	Dobanda CFD  (long/short)
North America	American Stock Exchange (AMEX)**	2 centi / actiune	USD 20.00		3pp/-2.5pp
North America	NASDAQ Global Markets (NASDAQ NM)		USD 20.00		3pp/-2.5pp
North America	NASDAQ Capital Markets (NASDAQ SC)		USD 20.00		3pp/-2.5pp
North America	New York Stock Exchange		USD 20.00		3pp/-2.5pp
North America	NYSE ARCA (NYSE_ARCA)		USD 20.00		3pp/-2.5pp
North America	Toronto Stock Exchange (TSE)	3 centi / actiune	CAD 25.00		3pp/-2.5pp
Europe	Athens Stock Exchange (AT)	0.40%	EUR 12.00	EUR 10,000	3pp/-2.5pp
Europe	Euronext Amsterdam (AMS)	0.10%	EUR 12.00	EUR 10,000	3pp/-2.5pp
Europe	Euronext Brussels (BRU)	0.10%	EUR 12.00	EUR 10,000	3pp/-2.5pp
Europe	Euronext Lisbon (LISB)	0.10%	EUR 12.00	EUR 10,000	3pp/-2.5pp
Europe	Euronext Paris (PAR)	0.10%	EUR 12.00	EUR 10,000	3pp/-2.5pp
Europe	Frankfurt Stock Exchange - Xetra (FSE)	0.10%	EUR 12.00	EUR 10,000	3pp/-2.5pp
Europe	London Stock Exchange (LSE)	0.10%	GBP 8.00	GBP 8,000	3pp/-2.5pp
Europe	London International Exchange (LSE_INTL)	0.10%	USD 20.00	USD 10,000	3pp/-2.5pp
Europe	Borsa Italiana (MIL)	0.10%	EUR 12.00	EUR 10,000	3pp/-2.5pp
Europe	OMX Copenhagen (CSE)	0.10%	DKK 65.00	DKK 100,000	3pp/-2.5pp
Europe	OMX Helsinki (HSE)	0.10%	EUR 10.00	EUR 10,000	3pp/-2.5pp
Europe	OMX Stockholm (SSE)	0.10%	SEK 65.00	SEK 100,000	3pp/-2.5pp
Europe	Olso Stock Exchange (OSE)	0.10%	NOK 65.00	NOK 100,000	3pp/-2.5pp
Europe	Sistema De Interconexion Bursatil Espanol (SIBE)	0.10%	EUR 12.00	EUR 10,000	3pp/-2.5pp
Europe	Swiss Exchange (SWX)	0.10%	CHF 18.00	CHF 15,000	3pp/-2.5pp
Europe	Vienna Stock Exchange (VIE)	0.10%	EUR 12.00	EUR 10,000	3pp/-2.5pp
Europe	Warsaw Stock Exchange (WSE)	0.25%	PLN 80.00	PLN 35,000	3pp/-2.5pp
Asia Pacific	Australian Stock Exchange LTD. (ASX)	0.10%	AUD 10.00	AUD 10,000	3pp/-2.5pp
Asia Pacific	Hong Kong Stock Exchange (HKEY)***	0.25%	HKD 90.00	HKD 95,000	3pp/-2.5pp
Asia Pacific	Singapore Exchange Secirities Trading Limited (SGX-ST)	0.20%	SGD 17.00	SGD 17,000	3pp/-2.5pp
Asia Pacific	Tokyo Stock Exchange (TYO)	0.15%	JPY 1,000.00	JPY 1,000,000	3pp/-2.5pp

*Tranzactiile executate sub Valoarea Minima de Tranzactionare pentru fiecare piata bursiera in parte sunt subiectul unei taxe de tranzactionare in conformitate cu cerintele de comisioane.

Marja pentru CFD-urile pe Actiuni

American Stock ExchangeEuronext AmsterdamAustralian Stock Exchange Ltd.Athens Stock ExchangeEuronext BrusselsOMX CopenhagenFrankfurt /Xetra Stock ExchangeHong Kong Stock ExchangeEuronext LisbonLondon Stock ExchangeLondon International ExchangeLondon Stock Exchange SEAQ MarketLondon Stock Exchange SETS MarketBorsa Italiana – Blue Chip, Star & MTA Int.NASDAQ Global MarketsNASDAQ Capital MarketNon listed InstrumentsNotSupported InstrumentsNew York Stock ExchangeNYSE ARCAOther OTC on NASDAQ (Pink Sheets)Oslo Stock ExchangeOTC Bulletin Board on NASDAQEuronext ParisPrague Stock ExchangeSistema De Interconexion Bursatil EspanolOMX StockholmSwiss ExchangeToronto Stock ExchangeTokyo Stock ExchangeWiener Börse (Vienna) Stock ExchangeSWX EuropeWarsaw Stock Exchange

Simbol	Nume	Bursa	Grup	Marja Necesara
ADK:xase	Adcare Health Systems Inc.	AMEX	5	25%
AE:xase	Adams Resources & Energy Inc.	AMEX	5	25%
AEN:xase	Adeona Pharmaceuticals Inc.	AMEX	7	75%
ALN:xase	American Lorain Corp.	AMEX	6	50%
ANV:xase	Allied Nevada Gold Corp.	AMEX	3	10%
ANX:xase	ADVENTRX Pharmaceuticals Inc.	AMEX	7	75%
AXK:xase	Accelr8 Technology Inc.	AMEX	6	50%
AXU:xase	Alexco Resource Corp.	AMEX	4	15%
BAA:xase	Banro Corp.	AMEX	4	15%
BKR:xase	Michael Baker Corp.	AMEX	3	10%
BTI:xase	British American Tobacco Plc	AMEX	3	10%
BTN:xase	Ballantyne Strong Inc.	AMEX	3	10%
BTX:xase	BioTime Inc.	AMEX	4	15%
CCF:xase	Chase Corp. (United States)	AMEX	3	10%
CEF:xase	Central Fund of Canada Ltd	AMEX	3	10%
CFD:xase	Nuveen Diversified Commodity Closed Fund	AMEX	3	10%
CMFO:xase	China Marine Food Group Ltd	AMEX	5	25%
CQP:xase	Cheniere Energy Partners LP	AMEX	4	15%
CTO:xase	Consolidated Tomoka Land Co.	AMEX	3	10%
CUR:xase	Neuralstem Inc.	AMEX	6	50%
CXM:xase	Cardium Therapeutics Inc.	AMEX	7	75%
DIT:xase	Amcon Distributing Co.	AMEX	6	50%
DLA:xase	Delta Apparel Inc.	AMEX	3	10%
DNN:xase	Denison Mines Corp.	AMEX	4	15%
FAX:xase	Aberdeen Asia-Pacific Income Fund Inc.	AMEX	3	10%
GEL:xase	*See GEL:xnys (Genesis Energy LP)	AMEX	8	100%
GGN:xase	Gabelli Gl Gld NR & Inc.	AMEX	3	10%
GHM:xase	Graham Corp.	AMEX	3	10%
GMO:xase	General Moly Inc.	AMEX	4	15%
GORO:xase	Gold Resource	AMEX	3	10%
GRC:xase	Gorman-Rupp Co.	AMEX	3	10%
GTU:xase	Central Gold Trust	AMEX	3	10%
IMO:xase	Imperial Oil Ltd	AMEX	3	10%
JRS:xase	Nuveen Real Estate Income Fund	AMEX	5	25%
KGN:xase	Keegan Resources	AMEX	3	10%
LIA:xase	Liberty Acquisition Holdings Corp.	AMEX	8	100%
LNG:xase	Cheniere Energy	AMEX	6	50%
LPH:xase	Longwei Petroleum Investment Holding Ltd	AMEX	7	75%
MCF:xase	Contango Oil & Gas Co.	AMEX	3	10%
MDF:xase	**See MDF:xnys (Metropolitan Health Networks )	AMEX	8	100%
MDW:xase	Midway Gold Corp.	AMEX	6	50%
MFN:xase	Minefinders Corp. Ltd	AMEX	3	10%
MSN:xase	Emerson Radio Corp.	AMEX	7	75%
NAK:xase	Northern Dynasty	AMEX	4	15%
NAVB:xase	Navidea Biopharmaceuticals	AMEX	5	25%
NEOP:xase	**See NAVB:xase (Neoprobe Corp.)	AMEX	8	100%
NEP:xase	China North East Petroleum Holdings Ltd	AMEX	6	50%
NG:xase	NovaGold Resources Inc.	AMEX	3	10%
NGD:xase	New Gold Inc.	AMEX	3	10%
NOG:xase	Northern Oil and Gas Inc.	AMEX	3	10%
NSU:xase	Nevsun Resources Ltd	AMEX	4	15%
OPK:xase	**See OPK:xnys (Opko Health Inc.)	AMEX	3	10%
PDO:xase	Pyramid Oil Company	AMEX	5	25%
PIP:xase	PharmAthene	AMEX	5	25%
PLG:xase	Platinum Group Metals Ltd	AMEX	4	15%
PLX:xase	Protalix BioTherapeutics Inc.	AMEX	3	10%
QMM:xase	Quaterra Resources Inc.	AMEX	7	75%
QRM:xase	Quest Rare Minerals Ltd	AMEX	6	50%
REE:xase	Rare Element Resources Ltd	AMEX	4	15%
RIC:xase	Richmont Mines Inc.	AMEX	5	25%
SA:xase	Seabridge Gold Inc.	AMEX	3	10%
SEB:xase	Seaboard Corp.	AMEX	3	10%
SHZ:xase	China Shen Zhou Mining & Resources Inc.	AMEX	8	100%
TAT:xase	TransAtlantic Petroleum Ltd	AMEX	4	15%
TGB:xase	Taseko Mines Ltd	AMEX	4	15%
TIS:xase	Orchids Paper Products Co.	AMEX	7	75%
TPI:xase	Tianyin Pharmaceutical Co. Inc.	AMEX	7	75%
TRX:xase	Tanzanian Royalty Exploration Corp.	AMEX	3	10%
UEC:xase	Uranium Energy Corp.	AMEX	4	15%
URZ:xase	Uranerz Energy Corp.	AMEX	5	25%
UTG:xase	Reaves Utility Income Closed Fund	AMEX	3	10%
VHC:xase	VirnetX Holding Corp.	AMEX	4	15%
VTG:xase	Vantage Drilling Company	AMEX	5	25%
WAC:xase	Walter Investment Management Corp.	AMEX	3	10%
WZE:xase	Wizzard Software Corp.	AMEX	8	100%

Grupele de marja

Grupa de Marje	Categoria	Marja Minima	Procent disponibil pentru tranzactionare
Grupa 1	Indici	2,5%	N/A
Grupa 2	Actiuni cu risc scazut	5%	75%
Grupa 3	Actiuni cu risc mediu	10%	75%
Grupa 4	Actiuni cu risc mediu-ridicat	15%	50%
Grupa 5	Actiuni cu risc ridicat	25%	50%
Grupa 6	Actiuni cu risc ridicat - foarte ridicat	50%	0%
Grupa 7	Actiuni cu risc foarte ridicat	75%	0%
Grupa 8	Actiuni cu risc extrem de ridicat	100%	0%

Costurile de tranzactionare ale CFD-urilor pe indici

CFD-urile pe indici se tranzactioneaza la nivelul indicelui de baza cu urmatoarele spread-uri bid/ask:

Indicele	Simbolul	Spread-ul*	Orarul de tranzactionare**	Dobanda CFD (long/short)
Netherlands 25	AEX.I	0.25	08:01 to 21:55	3pp/-2.5pp
Australia 200	ASX200.I	4	10:10 to 16:25	3pp/-2.5pp
France 40	CAC40.I	2	08:01 to 20:55	3pp/-2.5pp
Germany 30	DAX.I	2	08:01 to 21:55	3pp/-2.5pp
Denmark 20	DEN20.I	2.5	09:10 to 16:55	3pp/-2.5pp
US 30 Wall Street	DJI.I	4	19:00 to 16:00	3pp/-2.5pp
UK 100	FTSE100.I	1	08:01 to 19:55	3pp/-2.5pp
Spain 35	IBEX35.I	8	09:01 to 17:30	3pp/-2.5pp
Germany Mid-Cap 50	MDAX.I.	15	09:10 to 17:30	3pp/-2.5pp
US Tech 100 NAS	NAS100.I	1	19:00 to 16:00	3pp/-2.5pp
Japan 225	NI225.I	12	09:01 to 15:25 16:15 to 00:30	3pp/-2.5pp
Switzerland 20	SMI.I	3	08:01 to 17:20	3pp/-2.5pp
US SPX500	SP500.I	1	19:00 to 16:00	3pp/-2.5pp
Italy 40	SPMIB.I	12	09:10 to 17:25	3pp/-2.5pp
EU Stocks 50	STOXX50E.I	2	08:01 to 21:55	3pp/-2.5pp
Sweden 30	SWE30.I	0.65	09:10 to 17:25	3pp/-2.5pp
Belgium 20	BELG20.I	13	09:10 to 17:30	3pp/-2.5pp
UK Mid 250	FTSE250.I	44	08:10 to 16:30	3pp/-2.5pp
Norway 25	NOR25.I	1	09:10 to 17:20	3pp/-2.5pp
Germany Tech 30	TECDAX.I	4.5	09:10 to 17:30	3pp/-2.5pp

* Conditii de piata normale. Daca activul suport se tranzactioneaza la termen cu un spread mai larg decat spread-ul minim, spread-ul indicelui va fi marit cu spread-ul de pe piata la termen. Exemplu: Spread-ul normal al indicelui Dax.I este de 3 puncte indice daca spread-ul pe piata la termen este de 0,5 indicand conditii normale. Daca lichiditatea este scazuta pe piata la terme, iar spread-ul este 1,spread-ul indicelui va fi 3 + (1-0.5) = 3.5.
** Va rugam sa luati la cunostinta faptul ca orarul de tranzactionare este cel local, al burselor pe care se tranzactioneaza.

Costurile de tranzactionare ale CFD-urilor pe marfuri

Denumire CFD	Simbol	Spread	UM	Lot minim	Simbol cotatie	Marja	Jumatati de marja accesibile?	Inceperea sedintei de tranzactionare	Sedinta inchisa	Inchiderea sedintei de tranzactionare	Ziua scadentei pt tranzactionare	Ora de inchidere a zile de scadenta	Ora de inchidere GMT
Gold	GOLD	Market +0.8	Ounces	5	$	5%	Nu	18:00 NY	-	17:15 NY	FND-2	11:00 NY	15:00
Silver	SILVER	Market +0.08	Ounces	200	¢	10%	Da	18:00 NY	-	17:15 NY	FND-2	11:00 NY	15:00
US Crude	OILUS	Market +0.06	Barrels	25	$	10%	Da	18:00 NY	-	17:15 NY	LTD-2	11:00 NY	15:00
UK Crude	OILUK	Market +0.06	Barrels	25	$	5%	Da	01:00 UK	-	23:00 UK	LTD-2	16:00 UK	15:00
Heating Oil	HEATINGOIL	Market +0.4	Gallons	1000	¢	10%	Da	18:00 NY	-	17:15 NY	LTD-2	11:00 NY	15:00
US Gasoline	GASOLINEUS	Market +0.3	Gallons	1000	¢	10%	Nu	18:00 NY	-	17:15 NY	LTD-2	11:00 NY	15:00
US Natural Gas	NATURALGASUS	Market +0.018	mmBtu	500	$	10%	Nu	18:00 NY	-	17:15 NY	LTD-2	11:00 NY	15:00
US Copper	COPPERUS	Market +0.6	Pounds	1000	¢	10%	Da	18:00 NY	-	17:15 NY	FND-2	11:00 NY	15:00
NY Cocoa	COCOANY	Market +10	Metric Tonnes	1	$	10%	Da	04:00 NY	-	14:00 NY	FND-2	11:00 NY	15:00
NY Coffee	COFFEENY	Market +0.5	Pounds	2000	¢	10%	Da	03:30 NY	-	14:00 NY	FND-2	11:00 NY	15:00
NY Sugar No. 11	SUGARNY	Market +0.06	Pounds	5000	¢	10%	Da	03:30 NY	-	14:00 NY	LTD-2	11:00 NY	15:00
Corn	CORN	Market +1.5	Bushels	200	¢	10%	Da	18:00 CHI	07:15 - 09:30 CHI	13:15 CHI	FND-2	11:00 NY	15:00
Soybeans	SOYBEANS	Market +2	Bushels	200	¢	10%	Da	18:00 CHI	07:15 - 09:30 CHI	13:15 CHI	FND-2	11:00 NY	15:00
Wheat	WHEAT	Market +2	Bushels	200	¢	10%	Da	18:00 CHI	07:15 - 09:30 CHI	13:15 CHI	FND-2	11:00 NY	15:00
CO2 Emissions	EMISSIONS	Market +0.08	Metric Tonnes	25	€	10%	Da	07:00 UK	-	17:00 UK	FND-2	15:00 UK	15:00
Gas Oil	GASOILUK	Market +1.5	Tonnes	10	$	10%	Da	01:00 UK	-	22:15 UK	LTD-2	16:00 UK	15:00
Live Cattle	LIVECATTLE	Market +0.15	Pounds	4000	$	10%	Da	09:05 CHI	-	13:00 CHI	LTD-2	11:00 NY	16:00
Orange Juice	ORANGEJUICE	Market +1.0	Pounds	1000	$	10%	Da	08:00 NY	-	14:00 NY	LTD-2	11:00 NY	16:00
Platinum	PLATINUM	Market +1.8	Ounces	5	$	10%	Da	18:00 NY	-	13:05 NY	LTD-2	11:00 NY	16:00

NY = NEW YORK
CHI = CHICAGO
UK = LONDON
FND = Ziua primei notificari
LTD = Ultima zi de tranzactionare

Taxele si comisioanele pentru CFD-urile DMA

Tara	Numele pietei bursiere	Simbolul	Comisioanele de tranzactionare(GMT)	Comisionul minim	Dobanda CFD  (long/short)
US	American Stock Exchange	AMEX	< USD10 - 3 cents/share	USD 15	3pp/-2.5pp
	Nasdaq National Market	NASDAQ NM	> USD10 - 5 cents/share
	Nasdaq SmallCap Market	NASDAQ SC
	New York Stock Exchange	NYSE
UK*	London Stock Exchange SETS Market	LSE_SETS	0.1%	GBP 15	3pp/-2.5pp
	London Stock Exchange	LSE
Australia	Australian Stock Exchange Ltd.	ASX	0.1%	AUD 25	3pp/-3pp
Austria	Wiener Borse (Vienna) Stock Exchange	WBAG	0.2%	EUR 30	3pp/-2.5pp
Belgium	Euronext Brussels	BRU	0.1%	EUR 40	3pp/-2.5pp
Denmark	OMX Copenhagen	CSE	0.1%	DKK 65	3pp/-2.5pp
Finland	OMX Helsinki	HSE	0.1%	EUR 10	3pp/-2.5pp
France	Euronext Paris	PAR	0.1%	EUR 20	3pp/-2.5pp
Hong Kong	Hong Kong Stock Exchange*	HKEx	0.32%	HKD 150	3pp/-4.5pp
Germany	Frankfurt Xetra	PXetra	0.1%	EUR 20	3pp/-2.5pp
Italy	Borsa Italiana	MIL	0.1%	EUR 20	3pp/-2.5pp
Netherlands	Euronext Amsterdam	AMS	0.1%	EUR 20	3pp/-2.5pp
Norway	Oslo Stock Exchange	OSE	0.1%	NOK 65	3pp/-2.5pp
Portugal	Euronext Lisbon	LISB	0.1%	EUR 20	3pp/-2.5pp
Singapore	Singapore Exchange Securities Trading Limited	SGX-ST	0.22%	SGX 25	3pp/-5.5pp
Spain	Sistema De Interconexion Bursatil Espanol	SIBE	0.1%	EUR 20	3pp/-2.5pp
Sweden	OMX Stockholm	SSE	0.1%	SEK 65	3pp/-2.5pp
Switzerland	Virt-X	VX	0.1%	CHF 30	3pp/-2.5pp
Canada	Toronto Stock Exchange	TSE	<CAD10 - 3 cents/share >CAD10 - 5 cents/share	CAD 25	3pp/-2.5pp

Comisioanele si marjele de tranzactionare din tabelul de mai sus pot varia din cand in cand in functie de activitatea clientilor investitori (activitate intensa sau inactivitate). Romcapital SA isi rezerva dreptul de a modifica comisioanele de tranzactionare, taxele de brokeraj, marjele si ratele de dobanda in conformitate cu termenii contractuali dintre Romcapital SA si Client.