Depending on your circumstances and the region you are a resident of, we may request that the documentation you submit to us is certified. A certified copy is a copy of an original document that has been endorsed as a true copy of the original by an approved individual. Examples of approved * individuals who can certify documents include:
Each client can have one CFD account. Multiple CFD accounts may be available at our discretion.
On the iPhone app, tap the ‘More’ button, then ‘Switch Accounts’. On the Android app, select ‘Switch Accounts’ on the left side menu.
Our aim is to help you start trading as quickly as possible. If you have already provided your supporting documents, for most customers this will happen within minutes. However, there will be cases where additional documentation is needed before we can process your account application.
You can sign in to your account as soon as your application has been successful and you have clicked on the verification link sent to your registered email address. However, you won’t be able to place a trade unless there are sufficient funds in your account to open a position. If you prefer to test strategies in a risk-free environment, our free demo account will allow you to practise trading with virtual funds.
As part of the ASIC Derivative Transaction Rules, there is a requirement for all non-individual accounts to provide a Legal Entity Identifier (LEI) for regulatory reporting purposes. An LEI will now be required by 30 September 2019 to continue/begin trading on a corporate or trust account, in line with these regulatory changes.
Please email us with your LEI number to support@cmcmarkets.com.au.
To comply with the above regulatory requirements, any non-individual accounts without an LEI number will be unable to trade from 1 October 2019, and therefore open positions on these accounts may be forced to close.
An LEI is a number that corresponds to a legal entity or structures including companies, charities and trusts (excludes individual persons). The LEI is a unique global identifier of a legal entity. No two legal entities will have the same LEI, and any legal entity will have only one LEI.
The LEI is required for regulatory reporting reasons. From 1 October 2019, all corporate clients will be required to provide an LEI.
You can obtain an LEI from an endorsed LOU (Local Operating Unit) of the Global Legal Entity Identifier System. For example, you can apply for an LEI from LEIRegister or Bloomberg LEI.
Please note the Local Operating Unit may charge a small fee for allocating the LEI. The precise fee is at the discretion of the Local Operating Unit.
LEIs must be renewed annually. To do this you must provide the Local Operating Unit with updated information so that it may verify the data held on the LEI. The Local Operating Unit may charge you an additional annual fee per LEI for this annual renewal process.