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| Direct Market Access CFDs | |
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Axis Trader offers CFDs via the Direct Market Access (DMA) model which facilitates orders flow directly onto the underlying market guaranteeing you true ASX prices every time you trade. This model results in real time execution, guaranteed market prices and allows you to participate in the order book and importantly the opening and closing stages of the market.
How it Works!
CFDs is similar to buying the actual underlying instrument using a loan, instead you are buying and selling the performance of a security using direct
market access (DMA). You could borrow $10,000 from a bank to buy shares. You would receive the returns from the shares, but you would pay interest on
the loan to the bank. CFDs combine this process in one single and simple transaction.
For example, if you want to buy $10,000 worth of Australian DMA CFDs you will have to deposit an initial margin of $1,000. You will then be allowed to
purchase $10,000 worth of Australian DMA CFDs (based on a 10% initial margin percentage). The full $10,000 value of your CFD position will be subject
to the underlying securities price performance. If you want to keep the CFD position overnight you must pay a funding charge on the total nominal value
of the position. Interest is calculated at a spread over or under the AxisTrader Base Rate. If a CFD position is not carried overnight you will pay no
funding charge, that is if you open and close a position on the same day in the same CFD you are not charged any funding.
As with the underlying securities, CFDs allow you to benefit from normal market price movements. Your open positions are valued every night at the close
of business prices. Profits or losses are credited / debited to your account each day. Adjustments relating to corporate actions, such as dividends,
bonus issues and reconstructions in respect of the underlying securities are also applied to your account should they occur. CFDs however, do not entitle
the holder to any voting rights or franking credits in connection with the underlying shares.
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Benefits of trading DMA CFD's with AxisTrader
- The security of using direct market access (DMA) CFDs. This provides you with live market prices, depth and liquidity identical to the share market.
- Trade as low as 10% Margin on over 500 ASX shares and short on approximately 300 ASX shares.
- The stability of the WebIRESS trading platform 24/7.
- Participate in ASX opening and closing Auctions. AxisTrader offer our clients the ability to trade on the opening and closing price auctions via the WebIRESS trading platform.
- AxisTrader also offer Margin FX and also physical currency delivery worldwide.
- Personalised Customer Service. AxisTrader’s experienced and knowledgeable staff are available to answer any questions and provide assistance. Prompt attention is given to administrative or technical support queries.
* Note: the risk of loss in trading in derivatives and/or leveraged products can be substantial. A client should carefully consider whether trading such products is appropriate for them in light of their objectives, financial situation and needs.
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Investing in margin foreign exchange and other derivatives can be risky and these products are not suitable for all investors and traders.
The information on this page is of general information only and does not take into account your objectives, financial situation or needs and
you should consider the information in light of these objectives, financial situation or needs before making any decision about whether to
acquire these products. We recommend you consult your financial adviser before you acquire or continue to hold these products.
A Product Disclosure Statement (PDS) is available by contacting AxisForex Group Holdings Pty Ltd (Axisforex) on 1300 851 950 or by clicking here.
Information about our services, including our fees and charges is contained in our Financial Services Guide, which is available at those sources.
You must consider these documents in deciding whether to acquire or continue to hold these products.
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