Australian (ASX) Stock Market Forum

CFD provider recommendation?

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i reccomend first prudential markets. im with them and no dramas and hte iress platform is the goods not taht i can compare to anything.
 
white_goodman said:
my only problem with MF global is the rort they charge regarding licencing fees and asx data fee.... i dont wanna be forced to trade for the sake of trading
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White I used MF for a long time their service is good and the WebIRESS platform is bullet proof but depending on your size they are not the cheapest.

To be honest for the last couple of years I have used IB finding the access to the ASX / US and Forex in the same broker plus the order choice, really low commission excellent of course not the same leverage for stocks.
 
IFocus said:
White I used MF for a long time their service is good and the WebIRESS platform is bullet proof but depending on your size they are not the cheapest.

To be honest for the last couple of years I have used IB finding the access to the ASX / US and Forex in the same broker plus the order choice, really low commission excellent of course not the same leverage for stocks.
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yeh i would have gone with GO but they arent offering atm.... All i want is something without platform licencing fee and i just need EOD data and not feel pressured to trade more then i want for a rebate. I like Sonray atm, just noticed i can trade almost anything through their platform... of course ill be doing more due diligence before i sign up... I would have jsut chosen IB but I want some leverage.
 
White, why not go with IG Markets, they have CFD's and Forex and their program is a very easy to use platform with a good charting package.

They charge $8 a trade whether buy or sell. Not sure whether this is good or bad??

Liquid
 
liquidmaker said:
White, why not go with IG Markets, they have CFD's and Forex and their program is a very easy to use platform with a good charting package.

They charge $8 a trade whether buy or sell. Not sure whether this is good or bad??

Liquid
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well the reason mainly is ive heard bad things about IG and CMC etc, so i ruled them out initially...
 
Real1ty said:
Sonray do offer a DMA version on the SonrayTrader platform.

http://sonray.com.au/info/cfd-trading
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ive sent an email off to them, i read on their website that they dont allow stop losses on their DMA??? seems strange... i need something with buy/sell stops and trailing stops etc... this is suprisingly hard to find a good broker that meet all crtieria, seemed so much easier finding an FX one
 
I agree White,

I did not know it was possible to find a CFD provider who will guarantee trailing stops. I know on IG markets you can continually update you stops but do some provide trailing stops??

And also does anyone know of a good CFD provider which is cheaper than IG markets.

Liquid
 
white_goodman said:
ive sent an email off to them, i read on their website that they dont allow stop losses on their DMA??? seems strange... i need something with buy/sell stops and trailing stops etc... this is suprisingly hard to find a good broker that meet all crtieria, seemed so much easier finding an FX one
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First Prudential offer trailing stops as well as stop loss and profit stops on their DMA webiress platform.
 
This is the order window
 

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This mob now has futures through Macquarie and the ability to use Ninjatrader as a platform:
http://www.halifax.com.au/gp/default.asp

However you still need to pay your Ninja licensing costs and comms were more expensive than IB (couple of Euro more r/t for the EuroStoxx50). Not sure about the SPI.

They used to be an Australian business partner for Mirus Futures which I was hoping to use just for the free Zen-Fire backend but they exclusively use Macquarie now by the sounds.
 
gav said:
What is white label? Is that the same as Market Made?
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white label basically means Saxo made the paltform etc, and Sonray pay a fee or are licenced to use it (i think its sorta like a franchiser-franchisee relationship) From my talks to brokers overseas you are either a full service whtie label, ie all accounting etc done by the parent or you can be an autonomous whtie label
 
Sonray just messaged me back, DMA CFD's are $20 or 0.20% commission, just seems to creep up every day i read it, PASS
 

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