CMCMarkets: CFD trading with CMC Markets
You would have heard of CMC Markets when it comes to CFD trading.
Among the most popular brokers for CFDs, CMC is well known in the UK, Australia and worldwide.
CMC Markets is one of the earliest CFD providers or brokers in the field and in the beginning they provided commission free trading but then, as with most other providers, have 0.1% commission.
And they have received Money magazine’s award for Best CFD Provider in 2008 and 2009 and was in the Smart Investor Blue Ribbon Awards “CFD Recommended list” in 2008 and 2009.
And CFD trading online has become more and more popular as people are trading by themselves online instead of the ways a decade ago only when people used full service brokers.
But online CFD dealing is how people are trading their own systems on their own.
And they are a well known provider in Australia and the UK, and yes they have won all these awards, but what is their current commission?
Commission rates
It is a commission of 0.1% or 10 basis points, with a minimum commission of $10.
CFD Markets
Their range of markets for share include the:
Australian (ASX)
Asian markets (Hong Kong’s HangSeng, Japan’s NIKKEI, Singapore’s SGX)
New Zealand NZX
UK’s FTSE, the US market (FJIA, NASDAQ, S&P, Canada’s TSX, and
European market and others.
And the margin is around 10% for most of these share CFD instruments.
There’s also index CFDs including the AUSSIE200, UK 100, US30, SPX500, NDAQ100 with a margin of around 1% for most, which represents more leverage (and less margin required) when compared to share CFDs.
And also there are sector CFDS, treasury CFDs and commodity CFDs as well.
You can trade shares, contracts for difference and FX (forex) CFDs also, so if you trade a variety of instruments, then you can do it on 1 platform.
In 2008, there was a lot of changes in CFD platforms when there was a ban on short selling in Australia, but this was lifted in May 2009.
CFD Providers
The factors to look at with any provider are:
1. Conditions of trading such as commissions per trade (percentage and minimum), margin and spread (see their demo and real platform for the instruments you trade)
2. The instruments you want to trade
3. The type of trades (market, limit, stops)
4. The ease of use of the platform
5. Demo trading to ensure you are happy with the trade execution
And of course, when you open an account and trade for real is the way to fully tell the performance of the CFD provider. And this includes customer support if you ever need this, and as usual, see any other terms and conditions of the provider.
And one final consideration is the reputation and stability of the company as well, as you want a company that will stay.
CMC Markets Background
CMC is a global spread betting and CFD provider, and in Australia, the CMC Markets is the trading name of CMC Markets Asia Pacific Pty Ltd, and thus you may have of their various names used around the world.
CMC Markets began in 1989 and now is 2010 is still an ongoing financial spread betting cfd provider. In you are interested then read more about CMC markets and learn more about spread betting with CMC.
Tags: cmc
. 24 Jan 10 | CFD brokers and providers