Shinhan Investment Corp. Launches 'Let's Trade CFDs Cheaply at Shinhan' Event

Shinhan Investment Corp. announced on the 19th that it will hold a domestic stock CFD commission discount event for new individual and corporate subscribers registered as professional investors until June 30.

During the event period, new domestic CFD subscribers, whether signing up face-to-face or non-face-to-face, can receive interest cost reduction benefits on long positions without distinction. When subscribing via mobile (Shinhan Alpha application), customers also receive a lifetime waiver of online (HTS, MTS) trading commissions (excluding related institution fees of 0.0036396%). Additionally, CFD subscribers during the event period will benefit from interest cost recalculations based on their balance at the end of each month even after the event ends.

CFD trading is an over-the-counter derivative product that settles the difference between the entry price and the liquidation price in cash without holding the underlying stock. It allows up to 2.5 times leverage, but daily financial costs are incurred on the executed entry amount. Shinhan Investment Corp. planned this event to alleviate the interest cost burden on CFD traders and promote trading activity amid the recent market environment of rising interest rates.

This event provides interest cost benefits based on the total combined CFD long and short position balance (balance quantity × average price) at the end of each month. If the total amount is less than 2 billion KRW, the basic cost of the CD rate at 1.90% applies; for 2 billion KRW or more but less than 5 billion KRW, the CD rate is 1.50%; for 5 billion KRW or more but less than 10 billion KRW, the CD rate is 1.30%; and for 10 billion KRW or more up to 20 billion KRW, the CD rate is 1.20%.

This content was produced with the assistance of AI translation services.