Posted by MJTM | Posted in Investment | Posted on 17-02-2016
CFD trading in Australia is a well developed financial market in Australia with a great choice of selecting the CFD platform you want. The regulatory authority in Australia ASIC is effective in providing a good positive trading environment. Traders are free to choose the CFD platforms they want and the reliability of the platform, ease of use and convenience are the factors needed to be considered.
Since there is a big competition going among the different types of CFD brokers in Australia, it is important to make a good selection of the brokers for CFD trading in Australia. They may provide you a number of attractive offers and every broker will try to attract you with amazing offers they have. But the decision ultimately lies upon you to select the broker you want. Try to test the CFD brokers with a demo account first and check the customer care services as well. It all depends upon you to choose which broker is best for your CFD trading needs.
Markets provided by the Australian CFD brokers
There are thousands of Australians today trading on underlying instruments of CFD trading in Australia. This percentage has risen to an amazing number in the recent years and the trend is still on. This interest on the CFD trading market has risen due to the flexibility and efficiency of the trading instrument. The most popular CFD markets are-
- Forex- This market is open 24 hours a day except on weekends
- Index- These are tracking indicators to track the national markets
- Commodity- It is a big market today and CFD trading in this underlying market is catching a lot of attention in the recent years with thousands of asset options to trade
Benefits of CFD trading in Australia
CFDs are actually the contract for differences and therefore you just trade on the underlying assets with the agreements and not actually owning the assets. The trader just concentrates on the movement of the prices of the assets and wins the trade if the price moves in the direction he expected. The costs associated to the holding of assets are not incurred such as stamp duty etc.
CFD trading in Australia allows you to trade with minimum deposits required to trade higher orders. This is called Leverage and many CDF brokers in Australia provide leverage as high as 100:1 where you can trade with 100 times bigger order than the money you deposit as margin. The commissions and charges in CFD trading is also lower than the other trading methods and the increase in the competition has lowered the rates to a good level.
There are thousands of underlying markets to choose from when you trade CFDs and this is not possible when you trade in other traditional methods.