tag:blogger.com,1999:blog-57277658918947938402024-03-13T22:30:30.792-07:00Comparing cfd brokersThis site is about comparing CFD brokers like IG Markets, CMC Markets and other CFD providers. Lets look at there interest rates, leverage, margin calls and other informationUnknownnoreply@blogger.comBlogger21125tag:blogger.com,1999:blog-5727765891894793840.post-91552473971948300702011-09-27T18:24:00.000-07:002011-09-27T18:24:00.273-07:00what is pip or a tick in forex<div dir="ltr" style="text-align: left;" trbidi="on"><br />
<br />
Pip/Tick/Point<br />
A pip/tick/point are the general terms for the smallest <br />
incremental move possible in any market quoted by <br />
Capital CFDs. A pip move usually, but not always, also <br />
represents a full ‘stake’ movement in your profit or <br />
loss total. The most obvious exception is in UK equities <br />
where a pip movement results in just a 1/10 stake <br />
movement in your profit or loss. Clients should always <br />
be aware of what the underlying stake or unit risk is for <br />
all markets in which they wish to trade</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5727765891894793840.post-36769475708773916432011-09-23T18:24:00.000-07:002011-09-23T18:24:00.557-07:00what are Rolling Daily contracts<div dir="ltr" style="text-align: left;" trbidi="on">Rolling Daily contracts<br />
Contracts that do not expire at the end of each day but <br />
automatically roll to the next trading day. Overnight <br />
financing is applied to rolling contracts</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5727765891894793840.post-81354354958030302482011-09-20T18:23:00.000-07:002011-09-20T18:23:00.122-07:00what are cfd indices<div dir="ltr" style="text-align: left;" trbidi="on">Indices<br />
Indices are a customised basket of securities that track <br />
a particular market or segment. Each index has its own <br />
calculation methodology and its own specific process <br />
in order to select particular securities. At Capital CFDs <br />
you can trade on all of the major financial indices, such <br />
as the Australian 200, UK 100, German 30, Wall Street <br />
(US) and S&P 500.</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5727765891894793840.post-72564400600211276312011-09-18T18:23:00.000-07:002011-09-18T18:23:00.117-07:00stock Resistance level<div dir="ltr" style="text-align: left;" trbidi="on">Resistance level<br />
A price level which is supposedly difficult for a particular <br />
market to rise above.</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5727765891894793840.post-71959879042981977902011-09-15T18:22:00.000-07:002011-09-15T18:22:00.304-07:00Minimum Initial Margin Requirement<div dir="ltr" style="text-align: left;" trbidi="on">(Min)IMR – Minimum Initial Margin Requirement<br />
The minimum amount of money required to open a new <br />
trade in a particular contract.</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5727765891894793840.post-32987414258594758012011-09-12T18:22:00.001-07:002011-09-12T18:22:01.037-07:00what are derivative<div dir="ltr" style="text-align: left;" trbidi="on">Derivative<br />
A security whose price is derived from an underlying <br />
asset (e.g. a share, currency, commodity or index) <br />
and may not give the holder any actual rights to the <br />
underlying asset. A CFD is a derivative product.</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5727765891894793840.post-5465991614883247162011-09-12T18:22:00.000-07:002011-09-12T18:22:00.512-07:00what are derivative<div dir="ltr" style="text-align: left;" trbidi="on">Derivative<br />
A security whose price is derived from an underlying <br />
asset (e.g. a share, currency, commodity or index) <br />
and may not give the holder any actual rights to the <br />
underlying asset. A CFD is a derivative product.</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5727765891894793840.post-80984106713633139602011-09-11T18:21:00.000-07:002011-09-11T18:21:00.907-07:00leverage cfd trading<div dir="ltr" style="text-align: left;" trbidi="on">Gearing (or Leverage)<br />
CFDs allows clients to buy or sell a financial product <br />
with substantially less money than the actual full <br />
market value of that financial product. The maximum <br />
gearing allowed by Capital CFDs can be calculated by <br />
dividing the full nominal value of a 1 unit trade in a <br />
contract by the Min IMR. A position in a contract with <br />
high gearing or leverage stands to make or lose a large <br />
amount from a small percentage movement in the <br />
underlying instrument.</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5727765891894793840.post-35884549159626351152011-09-06T18:20:00.000-07:002011-09-06T18:20:00.138-07:00what are forex trading markets<div dir="ltr" style="text-align: left;" trbidi="on">Currency/Forex/FX markets<br />
The foreign exchange markets trade one state or <br />
economic bloc’s currency versus another’s (commonly <br />
called a cross rate). These markets are traded in ‘pairs’ <br />
of two separate currencies (i.e GBP/EUR is the Sterling <br />
versus Euro currency pair). When a ‘Buy’ trade is made <br />
in a currency pair the client is anticipating that the fist <br />
quoted currency is going to rally versus the second. <br />
Therefore if a client ‘Buys’ the EUR/YEN cross he wants <br />
the Euro to rally versus the Yen.</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5727765891894793840.post-33778830588401108382011-09-03T18:18:00.000-07:002011-09-03T18:18:00.675-07:00CFD Slippage per contract<div dir="ltr" style="text-align: left;" trbidi="on">Gap (“gapping” or “slippage”)<br />
Where a market moves directly from one correctly <br />
quoted price to another, significantly different, <br />
correctly quoted price or from one reasonably quoted <br />
price by LCG to another reasonably quoted price by <br />
LCG in relation to the size required by a client for <br />
execution of an order. There can be many reasons for <br />
gapping; economic figures, company announcements, <br />
political events, natural disaster etc., but the effect is <br />
that any fill on a stop-loss, limit or new order may be <br />
subject to a ‘gap’ in the fill price from that requested <br />
by the client in his/her order contract note. </div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5727765891894793840.post-82647164081150974532011-08-29T18:18:00.000-07:002011-08-29T18:18:00.766-07:00In CFD what is Computer Generated Stop Level<div dir="ltr" style="text-align: left;" trbidi="on">(Max) CGSL – <br />
(Maximum) Computer Generated Stop Level<br />
This is the maximum margin from a client’s account that <br />
our systems will use to allocate a stop loss on any newly <br />
opened positions. In the event that a client has sufficient <br />
funds on deposit to cover the CGSL the system will assign <br />
a stop at 80% of the CGSL away from the opening price <br />
of the trade. Otherwise the system will allocate a stop at <br />
80% of the funds available in your account.</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5727765891894793840.post-88688163276474304432011-08-25T18:17:00.000-07:002011-08-25T18:17:00.319-07:00What are Futures contract<div dir="ltr" style="text-align: left;" trbidi="on">Futures contract<br />
A futures contract is an agreement to conduct a <br />
transaction at some specified time in the future where <br />
the price is agreed now. For a CFD it means that the <br />
expiry date is at some point in the future. Future <br />
contracts on CFDs are cash settled so you will never <br />
be required to actually deliver, or take delivery of, the <br />
physical product.</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5727765891894793840.post-70897104820002412582011-08-23T18:17:00.000-07:002011-08-23T18:17:00.246-07:00What are Commodity Markets<div dir="ltr" style="text-align: left;" trbidi="on">Commodity markets<br />
These are markets where raw or primary products <br />
are exchanged (like gold and oil). These commodities <br />
are traded on regulated exchanges, in which they are <br />
bought and sold in standardised contract sizes</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5727765891894793840.post-91839834158083637772011-08-20T18:16:00.000-07:002011-08-20T18:16:00.933-07:00What are equities in CFD<div dir="ltr" style="text-align: left;" trbidi="on">Equities (shares, stocks)<br />
Equities represent a share of ownership in a company. <br />
Equities are traded via the share market, a public <br />
market for the trading of company shares and <br />
derivatives at an agreed price. A CFD on shares does <br />
not give you all the ownership rights of the equivalent <br />
number of shares represented by the CFD nor does it <br />
give you, at any time, the right to require or request <br />
delivery of those shares from LCG. You have no voting <br />
rights over the shares represented by a CFD.</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5727765891894793840.post-56834225977356195622011-08-18T18:16:00.000-07:002011-08-18T18:16:00.326-07:00what is Commissions<div dir="ltr" style="text-align: left;" trbidi="on">Commissions<br />
The charge that CFD brokers apply to each trade. <br />
We charge commission as a percentage of a trade. <br />
Our rates are very competitive eg 0.05% on the top <br />
200 Australian stocks, with the minimum charge of $5<br />
<br />
</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5727765891894793840.post-35959553665387476402011-08-15T18:15:00.000-07:002011-08-15T18:15:00.871-07:00what is Dividend<div dir="ltr" style="text-align: left;" trbidi="on">Dividend<br />
The part of a company’s profits distributed to <br />
shareholders, usually on a regular basis. If you have <br />
an open ‘Buy’ trade in a Rolling Daily <a href="http://comparecfdbrokers.blogspot.com/2011/01/what-are-cfd.html">CFD</a> on an <br />
equity that goes ex-Dividend you will be credited <br />
with 80pc of the relevant dividend if you have an <br />
open ‘Sell’ trade you will be debited 100pc of the <br />
relevant dividend.</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5727765891894793840.post-85499318420659476122011-08-13T18:14:00.000-07:002011-08-13T18:14:00.168-07:00what are Bonds<div dir="ltr" style="text-align: left;" trbidi="on"><br />
The bond market is where participants buy and sell debt <br />
securities. UK Gilts, German Bunds and US Treasuries are <br />
all Bonds. Capital <a href="http://comparecfdbrokers.blogspot.com/2011/08/difference-between-cfd-providers.html">CFD</a> quotes CFDs derived from the <br />
underlying Futures markets of the relevant contracts</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5727765891894793840.post-29465745351423692011-08-10T18:12:00.000-07:002011-08-10T18:12:00.881-07:00what is Stop loss Order<div dir="ltr" style="text-align: left;" trbidi="on"><b>Stop loss Order</b><br />
<div align="justify"><br />
A pre-determined order to close an open position in <br />
a contract at a given price should that contract reach <br />
the price designated at some point in the future. An <br />
open ‘Sell’ trade would have a ‘Buy’ stop above the <br />
current quoted price and a ‘Buy’ trade would have a <br />
Sell stop below the current quoted price. Stop losses are <br />
mandatory and are generated by the trading system <br />
but they can be amended by you (subject to availability <br />
of sufficient ‘Trading Resources’ on your account). Stop <br />
loss orders are not guaranteed. If a market ‘gaps’ your <br />
stop loss may not be filled at the level you requested. In <br />
this event we always endeavour to close your trade at <br />
the best price reasonably achieva</div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5727765891894793840.post-76458213769584637772011-08-02T21:28:00.000-07:002011-08-02T21:28:51.837-07:00IG markets vs CMC Markets review<div dir="ltr" style="text-align: left;" trbidi="on">For years i have IG Market CFD account always liked it as i found no other alternative, eventually decided to try CMC cfd account but was awed by its low standard of service. IG doesn't pay me any thing to write this review.<br />
<br />
I personally didn't like CMC markets Market Maker platform but some may really like it, it could also be i got used to IG interface. <br />
<br />
Other thing i found was with IG you have enough help and webinars on there site to learn more.<br />
<br />
There is always a demo account in both <a href="http://www.igmarkets.com.au/">IG</a> and <a href="http://www.cmcmarkets.com.au/">CMC</a> to try it for free.</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5727765891894793840.post-14183260796516304932011-08-02T21:21:00.001-07:002011-08-02T22:13:46.861-07:00difference between CFD providers<div dir="ltr" style="text-align: left;" trbidi="on"><div class="wlWriterEditableSmartContent" id="scid:0767317B-992E-4b12-91E0-4F059A8CECA8:9bf4cb1d-276c-4daa-88f0-9658e4c88ffb" style="display: inline; float: none; margin: 0px; padding: 0px;">BuzzNet Tags: <a href="http://www.buzznet.com/tags/cfd+provider" rel="tag">cfd provider</a>,<a href="http://www.buzznet.com/tags/margin" rel="tag">margin</a>,<a href="http://www.buzznet.com/tags/leverage" rel="tag">leverage</a>,<a href="http://www.buzznet.com/tags/account" rel="tag">account</a></div><div class="wlWriterEditableSmartContent" id="scid:0767317B-992E-4b12-91E0-4F059A8CECA8:913b66b4-8ad5-47dd-8a52-31a778678f34" style="display: inline; float: none; margin: 0px; padding: 0px;">BuzzNet Tags: <a href="http://www.buzznet.com/tags/cfd+provider" rel="tag">cfd provider</a></div>CFD Providers and Brokers Comparison – Australia <br />
Below are the features of various CFD providers and there comparison <br />
<b>IG Markets</b> <br />
<br />
- Australian and International Shares - Indices - FX - Spot metals, energies and rates and bonds<br />
- Direct market price<br />
- 0.1% on buy and sell with a minimum of $1<br />
- Browser based - news, charting and research available<br />
- 5%: S&P20 - 10%: Other<br />
- +/- 3% of relevant interbank or central bank cash rate<br />
- Available at one time charge from 0.3%<br />
- Professional dealer platform available. - Day traders special offer. <br />
<b>E-Trade CFD</b> <br />
<br />
- Australian Share top 500<br />
- Direct market price<br />
- "Standard" rates: Greater of A$17.50 or 0.175% of contract value executed in the month<br />
- Browser based - news, charting and research available - Costs vary from 0-$79.90/month depending on trade volume<br />
- From 5% for top 20 stocks<br />
- +/- 3% of base rate which tracks RBA&#39;s interbank overnight cash rate<br />
- To be clarified<br />
- Professional brokerage rates <br />
<b>Macquarie CFDs</b> <br />
<br />
- 500+ ASX listed securities<br />
- Direct market price<br />
- Minimum of $10 then from 0.06% to 0.16%(of Contract value)depending on turnover.<br />
- stand alone - web browser<br />
- with GSL - from 1% - without GSL - from 5%<br />
- +/- 2.5% RBA overnight cash rate<br />
- standard stop loss - free. GSL - price quoted at time of order, from 0.20%<br />
- Bank account security for your funds <br />
<b>Man Financial CFDs</b> <br />
<br />
- Australian Share top 500<br />
- Direct market price<br />
- Greater of $12.50 or 0.125% on buy and sell up to $10,000 face value,0.125% on value over $10,000<br />
- Browser based - news, charting and research available - Volume based charging structure<br />
- From 5%<br />
- +/- 3% of base rate which tracks RBA&#39;s interbank overnight cash rate<br />
To be comfirmed<br />
- Frequent Traders Club <br />
<b>Marketech CFDs</b> <br />
<br />
- All ASX stocks - 11 Stock Indexes - 22 International Exchanges, 120 Currency Pairs<br />
- Direct market price<br />
- 0.1% over $10,000, flat $10 under $10,000<br />
- Stand alone software - News headlines and charting available<br />
- From 5%<br />
- +/- 2% on RBA OCR<br />
- Stop Loss and Stop entry orders<br />
- Frequent trader discounts, interest paid on account funds above $10 000 <br />
<b></b> <br />
<ins></ins><br />
<ins><ins></ins></ins> <br />
<b>GFT CFDs</b> <br />
<br />
ASX 500, global shares and indices, commodities, bonds, interest rates, FX<br />
Market Maker<br />
Shares: 0.10%, $10 minimum<br />
Free standalone, web and mobile platforms. Free advanced charting. Commentary and analysis services.<br />
From 5%<br />
+/- 3% of LIBOR<br />
Free stop loss, stop entry, trailing stops. GSL on some markets for add&#39;l charge.<br />
Free Dow Jones News (minimums apply). CFDs and spot FX from one platform. Auto risk-notifications. Price alarms.<br />
<br />
<b>First Prudential</b> <br />
Direct Market Access CFDs, ASX CFDs, Shares, FX, Futures and Options<br />
Direct Market Price<br />
Our standard commission rate for DMA CFDs ranged from 0.08% - 0.10%. Our standard commission for Shares and Warrants is 0.10%. (Minimums apply – DMA CFDs $10, Shares $15+gst and Warrants $15+gst). First Prudential Markets reward active traders with volume discounts.<br />
webIRESS<br />
We offer access to the most competitive DMA CFD margin rates from just 3%.<br />
Long CFDs: Reserve Bank cash rate plus 2% - 4% Short CFDs: Reserve Bank cash rate minus 2% - 3%<br />
No charge.<br />
Largest range of Australian Share CFDs - over 2,000. Superior platform webIRESS enables you to trade Shares and DMA CFDs from one platform. FREE CFD Education & Trading Tools, including access to free Daily Market Commentary. <br />
<br />
<b>City Index Australia</b> <br />
Global Indices, FX, commodities, Australian & International Shares, treasuries, Interest rates, ETFs, options<br />
Straight through pricing model<br />
$10 or 0.1% on share CFDs, no commissions on all other instruments.<br />
Web based, iPhone app, news & charting available no cost<br />
From 0.5% (can be reduced further with orders aware)<br />
+ / - 2% RBA overnight cash rate<br />
All order types free other than, GSLO from 0.7%<br />
Easy to use platform, trading insights, transparent pricing <br />
<br />
<b>IC Markets</b> <br />
Australian & International Shares, CFDS, Futures and Forex. CFD\\\'s on any instrument in the world including commodities and Indices.<br />
Direct Market Price<br />
0.8% min $10<br />
stand alone software + web and mobile platforms. Research and trade ideas from world\\\'s biggest banks.<br />
From 3%<br />
- +/- 1.5% of relevant interbank or central bank cash rate<br />
All order types available. stop loss, stop entry, stop if bid/ask, limit, etc.<br />
Professional platform and rates available. <br />
<br />
<b>Capital CFDs Australia</b> <br />
Australian and International Shares, Indices, FX, Commodities, Interest Rates and Bonds.<br />
Market Maker only.<br />
We offer 0.05% commission on Australian share CFDs with a minimum charge of $5. With all the other CFDs, our costs are built into the spreads.<br />
Browser based. Free charting package. A range of trading tools available including: a daily market comment, technical analysis, economic calendar, market data, planning tools and a market squawk.<br />
From 3%.<br />
Long positions: RFR* + 2% Short positions: RFR – 2% * RFR = Relevant Funding Rate<br />
Automatic stop losses apply on every open position. These stop losses are not guaranteed.<br />
Easy to use platform, tight spreads and low margin requirements, huge range of markets available to trade on, FREE demo account, a range of free educational tools. <br />
<br />
<b>MarketsPlus</b> <br />
<br />
CFDs ASX 300, UK Shares, Singapore Shares, Global Indices, Commodities, Interest Rates and FX<br />
Direct Market Price & OTC<br />
$10 minimum then 0.10%<br />
MarketsPlus Pro Free Desktop. Free advanced charting and pattern recognition. Commentary and analysis services.<br />
From 5%<br />
+/- 3% of LIBOR<br />
Free stop loss, stop entry, trailing stops.<br />
Free Reueters News. CFDs and spot FX from one platform. Auto risk-notifications. Price Alerts. Experienced Sales Traders. BankWest Cash Account to mitigate counterparty risks. Low Leverage CFD series. </div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5727765891894793840.post-28241462084297249822011-01-07T18:24:00.000-08:002011-08-02T18:44:09.146-07:00What are CFDWhat are CFDs?<br /><br />A contract for difference, or CFD, is simply an agreement between<br />two parties to pay the difference in price (of the contract) between<br />the time it is opened and the time at which it is closed. It is a<br />derivative instrument, which means that when you trade CFDs you<br />are trading an instrument whose price is based on an underlying<br />asset that you may already be familiar with. These assets may<br />include shares (or equities), sectors, commodities, indices or foreign<br />exchange (FX). Importantly, CFDs are an OTC, or over-the-counter,<br />product. This means that they are not traded on an exchange, and<br />that when you trade with CFD provider Markets they are the counterparty to<br />the transaction.<br />When you trade CFDs, you don’t actually own the underlying asset.<br />Instead, you are trading a contract whose value is determined in line<br />with the value of the underlying asset. The underlying asset could<br />be shares like Google or BHP Billiton, or it could be a commodity like<br />cocoa.Unknownnoreply@blogger.com