Macquarie Bank CFDs

Macquarie CFDs offer contracts for difference on over 500 ASX shares. Macquarie
has a proven track record of more than 20 years in the Australian equity derivatives
market, and is an ASX listed financial institution.

Macquarie Bank offer exclusively direct market access (DMA) CFDs, believing this to be a more transparent pricing and cost structure than the market maker model.

Macquarie offer guaranteed stop-loss protection with these features – the GSL:

• can be set down to 1 per cent from the security prices;
• can reduce the required collateral and maximum capital loss to 1%;
• can be amended; and
• can be set online over an existing CFD position or with a new CFD order

Macquarie provide comprehensive online account statements and reporting, including facilities to:

• access banking facilities to deposit and withdraw funds;
• access independent research;
• view trade history and bank account statements; and more.

Like most CFD providers, Macquarie allow you to bet long (that the underlying security will rise) or short (that it will fall). And, of course, the CFDs can be highly leveraged.

Their online trading platform comes with most of the features of other online CFD trading platforms, including:

• straight-through order processing
• real time streaming of ASX prices and CFD position and order monitoring
• market watch lists
• dynamic collateral calculator built in
• guaranteed stop loss (GSL) features
• market alerts, including SMS alerts

Macquarie’s fees for CFD trades start at $10 per trade, or 0.06% with a minimum monthly turnover of $10 million or more. If your monthly turnover is less than $500,000 the trading fee rate is 0.16%.