What is the difference between Shield and a standard account?
The Shield account has been designed for clients new to CFD trading and more risk conscious clients. Shield provides clients extra protection through our guaranteed Shield Stop Loss Orders, increased margins and reduced leverage. In providing this product we have increased the commission rate but allowed Shield Stop Losses to be placed, amended or cancelled free of charge.
Why can I only trade a limited stock selection?
The Shield account contains our most popular instruments - allowing you trade recognisable instruments within a protected environment. Should you require greater leverage and access to our full product range you can open a standard CFD account with us.
How do you guarantee my stop losses?
Shield Stop Loss Orders guarantee your exit price, protecting you from volatile market conditions that may result in standard Stop Loss orders being slipped. This feature enables you to manage your risk without any cost to place, cancel or amend your Shield Stop Loss.
Is it possible for my account to go into negative?
No, under normal trading conditions your account cannot go into negative. Of course this would not apply should an exceptional circumstance such as the underlying stock becoming insolvent. See our Product Disclosure Statement for further details.
Can I have more than one account?
No. The Shield account aims to help simplify trading while you’re learning - holding more than one account defeats this purpose. Should you require more than one account you can do so by opening multiple standard CFD accounts.
How can I learn more about CFDs?
CMC Markets’ clients have access to a large network of CFD courses, seminars and ongoing learning support - free of charge.
