Trading CFDs for your SMSF
ESUPERFUND Clients are permitted to trade CFDs with their SMSF. All CFD Trades must be made through the Comsec Platform. The Comsec Platform can be accessed by logging directly into the Comsec Website at www.comsec.com.au.
Comsec CFDs
Comsec currently offers clients two CFD Platforms to choose from as follows:
- Over the Counter (OTC) CFDs
- ASX CFDs
Each CFD Offering is detailed below.
Over The Counter (OTC) CFDs
For experienced traders, OTC CFDs can be a powerful and flexible investment tool allowing investors to:
- Take long and short positions on a wide selection of ASX-listed stocks.
- Get extreme leverage, opening a position with an Initial Margin as little as 5%.
- Hedge your portfolio over the long and short term.
There's no expiry date with OTC CFDs, no time decay, and you'll never have to take delivery of the underlying securities. Plus, the Comsec direct market access system gives you the same transparency and liquidity as share trading. Importantly you can also trade OTC CFDs on International markets including Hong Kong, Singapore, Japan and New Zealand. For more information about Comsec OTC CFDs please refer the Comsec website at:
ASX CFDs
ASX CFDs are a versatile and powerful investment tool for experienced investors. Unlike OTC CFDs, which are contracts traded between you and a provider, ASX CFDs are traded on a regulated public exchange, the Sydney Futures Exchange Limited (SFE) which is a member of the ASX Group of companies known under the brand Australian Securities Exchange. With Comsec ASX CFDs you can:
- Potentially profit from either a rising or falling market, by taking long or short positions over selected Australian shares, indices, foreign currency pairs and commodities.
- Take advantage of leverage, giving you the chance to reap profits with only a small initial margin.
- Hedge your existing portfolio.
ASX CFDs are a competitive and liquid financial instrument. They don't have an expiry date. What's more, once registered, your trades are covered by the Sydney Futures Exchange Clearing Corporation (SFECC), guaranteeing you solid financial backing and the transparency of a regulated market. For more information about Comsec ASX CFDs please refer the Comsec website at:
http://www.comsec.com.au/Public/Products/ASXCFDs.aspx
Accessing Information by ESUPERFUND
All CFD Trades made through Comsec are electronically accessible by ESUPERFUND alleviating you from the responsibility of maintaining these records.
Queries relating to your Comsec CFD Account
If you have any queries about your Comsec CFD Account including the status of the Application lodged, please contact Comsec directly on:
ASX CFDs: 1300 133 875
OTC CFDs: 1300 307 853
Please do not contact our office in relation to queries about the CFD Account as unfortunately we will be unable to assist you with your queries.
Product Disclosure Statement
The Comsec ASX CFD and OTC CFD Product Disclosure Statements should be carefully reviewed prior to establishing a Comsec CFD Account. The relevant Product Disclosure Statements can be found here:
OTC CFDs
http://www.comsec.com.au/FSRA_Acknowledgement.asp?frameset=false&displaySDNbutton=true&tourl=http://www.comsec.com.au/Shared/PDF/OTCPDS.pdf
ASX CFDs
http://www.comsec.com.au/FSRA_Acknowledgement.asp?frameset=false&displaySDNbutton=true&tourl=http://www.comsec.com.au/pdfs/ASXCFDsPDS.pdf
Margin Rates
When you trade CFDs your SMSF will be required to put up an Initial Margin for each contract they trade. Initial Margin Rates can be found below:
ASX CFDs: ASX Margin Rates
OTC CFDs: OTC Margin Rates
Obligation to Trade CFDs
It is important to understand that the investment decisions for your SMSF always remain with you, giving you total control. You are under no obligation to Trade CFD's for your SMSF if you do not want to. The Comsec CFD Platform is provided for you to be used only if you want to Trade CFD's for your SMSF.
Applying for a Comsec CFD Account
Once your SMSF has been established by ESUPERFUND you can apply to establish a Comsec CFD Account for your SMSF. To apply to establish a Comsec CFD Account simply visit our online application forms below. ESUPERFUND will in turn forward to you the applicable prepopulated Comsec CFD Application for signing
ASX CFDs: Apply Here
OTC CFDs: Apply Here
ESUPERFUND Derivatives Pty Ltd
ESUPERFUND Derivatives establishes derivative accounts for Self Managed Super Fund (SMSF) clients of ESUPERFUND Pty Ltd using Comsec. To view the Financial Services Guide (FSG) for ESUPERFUND Derivatives Pty Ltd click here. To view the Product Disclosure Statement (PDS) for ESUPERFUND Derivatives Pty Ltd click here.
General Advice Warning
The contents of this website are of a general nature only and have not been prepared to take into account any particular investor's objectives, financial situation or particular needs. Where this publication refers to a particular financial product then you should obtain a Product Disclosure Statement (PDS) relating to that product and consider the PDS before making any decision about whether to acquire the product. We also recommend that you should seek professional advice from a financial adviser before making any decision to purchase any financial product referred to on this website. While the sources for the material are considered reliable, responsibility is not accepted for any inaccuracies, errors or omissions.