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See full details for all our shares, in our help area.
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Low margins and competitive commission on a wide range of popular, global stocks
Gain full exposure with a small initial deposit when you trade CFDs, but remember with leverage comes increased risk
Commission of just 0.1% on Australian share CFDs, with a minimum of $8
More control, functionality and liquidity, plus see market depth and interact with order books
We source our prices from multiple venues to make sure we give you the best price we can
Commission per side
2 cents per share
There is also a competitive daily funding charge for positions held open overnight - see the details.
^ With a minimum of $8 on Australian share CFDs.
Shares are one of the most popular and well-known financial instruments. When you buy a share, you’re buying a small part - or ‘unit of ownership’ - in a company. So if you’re considering trading shares, it’s extremely important to research both the company and the industry that it’s in.
An added benefit of trading shares is receiving dividends. They represent your share of the company’s profits and are usually paid out twice a year. The amount you receive depends on how much the management distributes to shareholders, and how much it reinvests back into the business.
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Buy at 18.40
Margin = Number of shares x share price (mid price) x margin rate (5%)
1,000 x A$18.395 x 5% = A$919.75
|What happens next?||
At 4.15pm the market closed at 18.50, which is the price our funding is calculated at. It rises again the next day, reaching 19.04 (the sell price).
Funding = (One-month bank bill swap rate + 2.5%) x (number of shares x share price) / 360
(1.9% + 2.5%) x (1,000 x A$18.50) / 360 = A$2.26
Sell at 19.04
19.04 - 18.40 = A64c (Multiplied by 1,000 shares)
Gross profit = A$640
Commission = Value of position x 0.10% (Minimum A$8)
(1,000 x 18.40) x 0.10% = A$18.40
(1,000 x 19.04) x 0.10% = A$19.04
Total commission = A$37.44
Total costs = Funding + commissions
A$2.26 + A$37.44 = A$39.70
A$600.30 profit subject to tax
If the underlying market fell to 17.60 instead (the sell price):
A$17.60 – A$18.40 = - A$80c
(-A$80c x 1,000 shares) - (A$2.26 + 36)
Net loss = A$838.26
1 Number 1 in Australia by primary relationships, Investment Trends August 2017 CFD Report.
2 Euro includes: Austria, Belgium, Eire, Finland, France, Germany, Italy, Netherlands, Portugal, Spain
Size for CFDs means number of shares.
Closing price means underlying market price at 10pm (AEST).
If your trade is in GBP
Size × closing price × LIBOR +/- 2.5% ÷ 365
Based on LIBOR one month overnight rate
If your trade is in USD
Size × closing price × US LIBOR +/–2.5% ÷ 360
If your trade is in EUR
Size × closing price × EURIBOR +/–2.5% ÷ 365
The formula uses a 365-day divisor for UK, Singapore and South African shares, and a 360-day divisor for shares in other markets.