A New CFD Broker In Australia: Tricom
It looks as if another CFD provider has just come into Australia.
And that is Tricom.
They do international CFDs and their website also lists their margins and ticket fees.
Have a look here. Their site gives you a free demo platform to try them out.
(As usual!) they do not disclose on their website details such as: whether they accept orders our of market hours (most do).
But they do have all their ticket fees there as well as a range of margin it seems.
Their site is at: Tricom
To learn more about how to find a suitable broker for your CFD trading, see my page on choosing CFD brokers and providers
Any feedback on these guys as CFD providers?
. 30 Dec 06 | CFD brokers and providers, CFD trading
Hi , just a quick note to say this a great site you have..As yet I haven\’t started trading of any kind , although I have started a account with CMC last week.I have received their training software and are about to start….So I have some simple questions from a newbie ? When you talk of slippage..that would be gaps in the market eg price drop over night. Also back testing would mean checking charts from past to see if a system shows strong entry points…..YES/NO….Anyway once again a great informative site very helpful…..CHEERS
Hi Kevin,
Great question!
With slippage, this refers to getting into the market at a different price than you expect to, because of fast market movement.
For example, if you intend to buy a CFD at a price of $5.70 but because of rapid rises in the market, you get in at $5.80, this means that your slippage is 10c.
Thus, this can\\\’t be backtested, as your entry price depends on the liquidity in the market at the time, and whether your order is placed before someone elses. If you trade very liquid stocks (high turnover stocks), then slippage is not as common as if you trade illiquid stocks (low turnover stocks).
Hope this helps!
Kurt