UK-owned CMC Markets is Australia’s biggest contracts for difference provider and
was one of the first CFD trading firms to open operations in Australia. Their clients
currently make up around two thirds of Australian CFD traders.
With offices in Melbourne, Sydney, Brisbane (and soon in Perth), CMC provide a whole suite of offerings for CFD traders, including CFD education seminars and multi-lingual online CFD trading software. (CMC’s online CFD trading service for the Asia-Pacific region comes in English, Cantonese and Mandarin language versions.)
Some of the great CFD trading terms offered by CMC Markets include:
- Commissions start at $10 for share market CFD trades (this covers all foreign and Australian sharemarket CFD trades). This is one of the lowest CFD commission rates available in Australia and commissions are unrestricted.
- Best CFD margin rates. Shares from 3%. Index and Sectors 1%.
- Guaranteed Stop Loss Orders. Guarantee your exit levels. Even in volatile markets.
CMC claim that more of their new business comes from recommendations from friends and family than from any other source, which suggest they offer a service which is highly recommended.
CMC’s operations have expanded exponentially in recent years, from a six-person office in 2002 to more than 160 employees in 2006.
CMC has traditionally offered market maker CFDs, that is, the provider is responsible for the quotes and trades on which the trades are based. However, they have also recently offered direct market access (DMA) CFDs. (Read more about market maker and direct market access.)
Foreign Exchange service
CMC also offer commission free margin foreign exchange (FX), and tight FX spreads on a range of currencies. Unlike some other providers the funds are deposited into an account held in Australia.