CFD Broker And CFD Provider Comparison: Australia

	CMC	IG Markets	Plus500	Ava Index	Marketech	First Prudential	MF Global
CFDs offered	AUS & global share, index, treasury and commodity CFDs	AUS & global share, index, treasury and commodity CFDs	Global stock, index, commodity CFDs	Global index, commodity CFDs	AUS & global share and index CFDs	DMA to over 2000 ASX shares, also index CFDs. Non DMA also offered	AUS & global share CFDs
# Long ASX CFDs	500+ (ASX)	1000+ (ASX)			2000+ (ASX)	2000+ (ASX)	500+ (ASX)
# Short ASX CFDs	yes (see downloadable PDF)	yes (see downloadable PDF)			yes (see online list)	yes, approx 350	yes, (see online list)
Overseas share CFDs	355 (FTSE), 547 (US), other European and Asian.	FTSE 350, S&P 500, NASDAQ 100 and other US, European and Asian.					FTSE with capitalization above £50M, S&P 500, NASDAQ 100, and other
Underlying share price		Yes	Low spread	Low spread	Spread widening 0.1%	Yes for DMA CFDs	Yes
Commission (%)	0.1% for ASX, less if high turnover	AUS 0.1%, UK 0.1%, US 2c/share, can be less for active traders.	Zero	Zero	0.1% for ASX	0.1 % for DMA	0.1% for ASX
Minimum commission ($)	$10 for ASX, less if high turnover	AUS $8, UK £10, US $15	Zero	Zero	$10 for ASX	$10 for DMA	$10 for ASX
Interest	RBA +/- 2% for ASX	RBOCR +/- 2.5% for ASX			RBA Cash Rate +/- 2%	RBA cash rate +/- 2-3%	Base rate +/- 2-3%
Monthly fees	$41.25 for ASX data, waived if commission in 1 month is > $50	$37.50 for ASX data, nil if 4 or more trades per month			nil if account is over $5000, $2 a day fee if under	$50 a month + GST, can be waived for high volume clients	enquire
Margin requirement for ASX CFDs	From 1-50%	From 5% (to 75%)			5-80%	2-90% (can enquire)	From 3%
Margin requirement for other CFDs	1-5% for FTSE, 5% for US, European, 3% for commodity. 1% for index, sector, treasury	UK from 5%, US from 10%	From 0.5%	From 1%	5% for indices
Guaranteed stops offered	yes	yes			no
Guaranteed stops: minimum distance	5% away from CMC market for share CFDs, 1% away for indices	5% away from current price			N/A
Guaranteed stop: premiums	1-10 points for share CFDs, 2 points for AUSSIE200, NDAQ100, UK100 indices	0.3% of trade size			N/A
Guaranteed stop: cost to move		nil			N/A
Note 1	Margin rates for ASX depend on whether they are big cap, mid cap, etc	Stop loss placed at specified distance from open price can later be moved to a specific price	Bonus for new traders			webIRESS platform
Note 2		Trailing stops available	Demo accounts available	Demo accounts available

Last Updated:

August 2008

General Notes:

Please note that the above details listed on this site are not endorsed by the CFD providers, and please note that, any of the above details may change at any time, and without notice.

For the most up to date information, please enquire with the CFD broker directly.

The information on this site is for general purposes only and is not financial advice. See your own financial advisor if you want financial advice.

Trading involves significant risk of loss.

There may be administration fees, eg for funds transfer, and minimum account balances with the providers.

Costs of trading, including spreads and commissions etc may differ depending on your turnover or frequency of trading.

Legend:

N/A = Not applicable
RBA = Reserve Bank Australia
RBOCR = Reserve Bank Overnight Cash Rate
RBAIOCR = Reserve Bank of Australia Interbank Overnight Cash Rate
LIBOR = London Inter Bank Offered Rate
LIBID = London Inter Bank Bid Rate

If you have any suggestions or comments, please email webmaster@cfdbrokers.net

See also page 2 of CFD Brokers And CFD Providers Australia

For the UK, see this page on CFD brokers in UK.

For more on dealers, see this page on choosing CFD providers.

For more on CFD trading online, see this page on the advantages of CFD trading online.

Also, check this page on the transaction costs in CFD trading.