CFD | Stockbroking
The Shield account can help you find your feet - giving you the opportunity to start trading CFDs with limited exposure to risk.
Shield stop loss orders, less leverage, a reduced product range and limited position sizes create an environment where you can learn and develop your trading confidence and strategies, with an absolutely limited downside - you can never lose more money than is in your trading account.
Compare the peace of mind for yourself.
| Shield CFD Account | Standard CFD Account | |
|---|---|---|
| Products | ASX Top 200 Equities All FX Products (Spot not forwards) All Indices- (not mainland Europe) |
Full Product range |
| Margin | ASX Top 200 Equities - 10% FX 2% Indices 2% |
Equities 3-50% FX- 1% Indices- 1% |
| Commission | ASX Top 200 Equities 25 basis points(or 0.25%) FX Products 1 basis point charged in secondary currency Indices 1 basis point |
Equities- 10 basis points (or 0.1%) FX- No commission Indices- No commission |
| ASX fee | $41.25 (waived if $50 generated within calendar month) | $41.25 (waived if $50 generated within calendar month) |
| Maximum position Size | USD$250,000 shares USD$1,000,000 Indices USD$1,000,000 FX |
No restrictions |
| Maximum portfolio Size | USD$5,000,000 | No restrictions |
| Financing rates | ASX Top 200 Equities RBA +/- 2 FX Products relevant rollovers All Indices relevant rollovers + 4 |
Equities- RBA +/- 2% FX Products relevant rollovers All Indices relevant rollovers + 4 |
| Interest on deposits | Same | Same |
| Maximum account balance | $AUD100,000 (via deposits not profit) | No Restrictions |
| Stop entry orders | Same | Same |
| Slippage on stops orders | No. Stops are executed as guaranteed stop loss orders (GSLOs) | Yes |
