Trade FX with CFDs
ESUPERFUND clients are permitted to trade Foreign Exchange (FX) using CFDs with CMC Markets. The Foreign Exchange market is the largest financial market in the world, with a volume of over US$4 trillion a day. This compares to the volume of the New York Stock Exchange of approximately $25 billion a day. This equates to more than three times the total amount of the stocks and futures markets combined!
FX Markets Available
CMC Markets CFDs allow your SMSF to trade FX Markets including but not limited to the Australian Dollar (AUD), the US Dollar (USD), Euro (EUR), British Pound (GBP), Swiss Franc (CHF) and Japanese Yen (JPY). For full details of all FX Markets available to trade click here.
What are CFDs?
CFDs are powerful leveraged instruments that can give you maximum exposure for minimum outlay. CFDs allow you to trade Foreign Exchange by allowing you to exchange the difference in the price of an underlying asset purchased between the time a contract is opened and the time the contract is closed. Importantly there is no expiry date with CFDs, no time decay and you'll never have to take delivery of the underlying securities.
Spreads
No Brokerage is payable on FX Trades. The cost of trading is built into the Buy / Sell Spread. Narrow spreads keep your trading costs down in two ways. Firstly, a narrow spread means that your CFD buy price and sell price are close together meaning you need fewer ticks in your favour before you can recoup your costs. Secondly, the smaller the spread the closer you can place your stop loss order.
More Information on FX CFDs
For more information about FX CFDs with CMC Markets including Spreads, Finance Costs and the applicable Lending Margins please visit the CFD section of our website here.
Apply Now
To apply for a CFD Account to trade Foreign Exchange (FX) with CMC Markets 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.