Reasons to switch
Key questions you should be asking your CFD provider
With so many company CFD providers out there it can be hard to find the one that suits your trading requirements. Are you currently trading with a provider that can tick all these boxes?
1. Are you paying a minimum commission charge?
If your trade sizes are small, some CFD providers may charge you a minimum commission to enter the trade. When you trade company CFDs on the CMC Tracker platform, you won’t be charged any minimum commission on our trades, meaning you can trade in units that suit you without the worry of additional charges.
2. Are you charged extra for placing a trade over the phone?
When you don’t have access to the internet and wish to transact a trade via the phone, other CFD providers may charge you an additional fee. CMC Markets operates multiple dealing desks available to trade 24 hours a day. You can transact your trades over the phone at no additional cost.
3. Do you have access to customisable margin?
Some CFD providers require you to take on a fixed amount of leverage (margin) on every trade. With a CFD account on the CMC Tracker platform you have access to our customisable leverage feature, which lets you decide how to approach each and every trade by dialling up or down the margin to suit you. Every customer has a different risk level and every market opportunity has a different approach, so we now give you the control in one single account.
4. Can you trade foreign markets using AUD?
We have introduced a whole new level of control for trading company CFDs with fractional trading. You can now trade companies in foreign markets such as the US or Europe using round amounts in Australian dollars. Our CMC Tracker technology will automatically convert your AUD trade into a number of units using our live spot rates. Your profit and loss will always be reflected in AUD, giving you greater transparency as to how your position is faring.
5. Do you have a minimum trade size when trading with your current CFD provider?
Fractional trading not only allows you to trade using round amounts, but it also gives you the ability to trade nearly any trade size. We don’t restrict you from placing small trades. In fact, our minimums start from just $1 on any equity, which might be 0.01 of a share. If you are trading company CFDs over higher valued shares like Google that can trade above US$500 a share, you can take out a company CFD position over a fraction of the cost, giving you greater control on your asset allocation.