Brokerage Rates

You can trade Australian Shares CFDs for as little as $7 per trade for trades up to $7,000, one of the lowest Brokerage Rates in Australia.  Australian Share CFD Trades over $7,000 can be traded for as little as 0.10% of the trade.  Details of Brokerage Rates can be found here. 

Margins

You can trade some of Australia's most popular stocks with as little as 3% margin.  This means that you can purchase $10,000 worth of say BHP for only a $300 margin.  This gives you maximum leverage to maximise your returns.  But always be careful because the higher your leverage the more potential for gains and losses!  To lessen the risk many clients leverage more conservatively.  Details of Margins can be found here.

Financing Rates

It is important to understand that when you leverage your CFD position you are effectively borrowing to acquire the CFD position.  For example if you purchase $10,000 worth of BHP with a $300 margin payment, the balance of $9,700 is effectively being financed much like a Margin Loan.  Strangely, whilst Margin Loans are not allowed in a SMSF CFD leverage is!  In the above example the amount financed of $9,700 is charged interest as is usually the case on borrowed funds.  Details of Financing Rates can be found here. 

Spreads

No Brokerage is payable on Index and 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. 

Shield Account

Although it comes with higher charges and less leverage, the CMC Markets Shield CFD Account has added protection that lets you take advantage of leverage and short selling without the potential downside. The key advantages of the Shield CFD account are that you cannot lose more than you have in your account and every stop loss order is free and has a no-slip guarantee, keeping you safe from market slippage you cannot foresee.  Details of the Shield Account CFD Fees can be found here.

Exchange Live Data Fees

When you log into the Marketmaker CFD electronic trading platform or if you trade in Australian Share CFDs or Sector CFDs, you will be required to pay an exchange fee per calendar month plus GST of 10%, unless the Commission you pay exceeds a certain level as described below. The exchange fee covers fees that CMC Markets must pay to the Australian Stock Exchange for use of real-time ASX prices in the online trading platform. The following shows the current ASX fees:

Non-professional investor $37.50 + 10% GST (total: $41.25)
Professional investor $45.00 + 10% GST (total: $49.50)

A non-professional investor is defined by the ASX to be any person who accesses the real-time prices for their personal and private use. As a client you will be treated as a non-professional investor unless you notify us otherwise. The exchange fee is subject to change and is dependent upon the method and rate by which CMC Markets is charged by the ASX. You may contact the Customer Management Team for details of the prevailing exchange fee.

You have the choice to opt out of receiving real-time ASX prices and thus avoid this fee. However, if you do opt out you will not be able to trade Australian Share or Sector CFDs with CMC Markets.  The amount of the exchange fee will be debited from your Account, monthly in arrears, if you have logged into our electronic trading platform/s or dealt in Australian Share or Sector CFDs in the calendar month. You will not have to pay an exchange fee to CMC Markets for any given month if the total Commission you pay for any given calendar month is greater than or equal to A$50. Please note that CMC Markets may amend these conditions from time to time.

Fee Disclosures

Full Disclosure of all Rates and Fees and other important information about the CMC Markets CFD Account can be found here.