Ig Markets CFD Brokers Changes Their Transaction Costs
IG Markets for CFD trading has just changed its transaction costs for the benefit of CFD traders on August 1st 2006.
This is what it means to traders now.
Their commissions are now 0.1% Australian share CFDs, which is now in line with the low commission costs that CMC, another well known CFD broker, has been providing for a while.
And it was only recently that their minimum commission costs was changed from $25 to $1.
So trading CFDs has become more scalable on the low trade size end. So a small trade size of say $5000, using margin of about 1/10 of that, will only attract a brokerage of $5, instead of their previous $25.
We’ve mentioned before that the increased number of CFD brokers and providers in Australia will probably bring a change in trading conditions as more market makers come into the picture.
They also have a free CFD trading platform, and offer either regular CFDs or DMA (direct market access CFDs).
Their commission for DMA CFDs are $10 minimum however.
For more information see, their page on their CFD trading conditions for Ig Markets.
So this is interesting news for CFD traders (Ig Market’s previous commission was 0.2%) as gives them more choice.
Stay tuned for more updates on CFD providers and CFD brokers.
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. 01 Aug 06 | CFD brokers and providers, CFD trading