CFD FAQs
CFD Trading
- What are your commission rates?
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You can trade Canadian and US Shares at just $5 flat when the value of the trade is less than £500,000. Commodities, treasuries, FX and Indices are commission free*. Please refer to our Rates Schedule for full details and for more information on international equities.
- What is the minimum deal size for CFDs?
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The minimum deal size is 1 CFD. This is the equivalent of one share or contract.
- What charges are involved in trading CFDs?
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On Share and Index CFDs you will pay a financing charge. Financing is net the amount you deposit as margin. Please refer to our rate schedule for current financing rates.
- What is the life of a CFD trade?
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A CFD is an open-ended contract, if you have not closed your position by the end of the trading day, then the position is rolled into the next day. At this point the financing is paid.
Trading with CMC Markets
- Does CMC Markets pay interest on available free equity?
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CMC Markets pays interest on all credit balances exceeding USD$15,000, or GBP10,000.
- Can I open an account if I live outside of Canada?
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It may be possible. Please email your details and request to info@cmcmarkets.ca.
- What is the minimum deposit required to open an account?
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The minimum deposit required to open an account is $2000 CAD.
- Do you have a Product List? What Products do you offer?
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We offer Contracts for Difference on Canadian, US and International Stocks. We also offer Foreign Exchange, Indices, Treasury and Commodity Trading.
Click here to see our CFD Product Listing (PDF format). Need Adobe Acrobat PDF reader? Download it here.
- What is the definition of "Accredited Investor"?
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To be an accredited investor as defined under National Instrument 45-106 Prospectus and Registration Exemptions (“NI45-106”) of the Canadian Securities Administrators, you must qualify through at least one of the following criteria:
- a person registered under the securities legislation of an Offering Jurisdiction (as that term is defined in the Offering Memorandum) as an adviser or dealer, other than a person registered solely as a limited market dealer under the Securities Act (Ontario)
- an individual registered or formerly registered under the securities legislation of an Offering Jurisdiction (as that terms is defined in the Offering Memorandum) as a representative of a person referred to in paragraph a above;
- an individual who, either alone or with a spouse, beneficially owns, directly or indirectly, financial assets (cash, securities, contracts of insurance, deposits and evidences of deposits that are not securities for the purposes of securities legislation but in any event this cannot include the value of the real estate, including the individual's residence) having an aggregate realizable value that before taxes, but net of any related liabilities, exceeds Cdn.$1,000,000;
- an individual whose net income before taxes exceeded Cdn.$200,000 in each of the two most recent calendar years or whose net income before taxes combined with that of a spouse exceeded Cdn.$300,000 in each of the two most recent calendar years and who, in either case, reasonably expects to exceed that net income level in the current calendar year;
- an individual who, either alone or with spouse, has net assets of at least Cdn.$5,000,000; or
- a person that is recognized or designated by the securities regulatory authority or, except in Ontario and Québec, the regulator as (i) an accredited investor, or (ii) an exempt purchaser in Alberta or British Columbia after September 14, 2005.
- Does CMC Markets give trading advice?
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No. CMC Markets provides an execution only service. We are able to provide factual information upon request but are not authorised to give direct or indirect trading advice. CMC Markets does however offer access to world-leading research and analysis through advanced charting and analytic tools, real-time news and analysis, and IDEAglobal market research and commentary.
- What is an "OCO" order?
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An 'OCO' order is an order where 'One (order) Cancels the Other (order)' and commonly consists of a Stop-Loss and Limit order placed on either side of the current prevailing market price. An 'OCO' order is generally used to close an open or existing position. For example: An 'OCO' would be used with an existing long position where a 'Stop-Loss order' would be placed below the market to limit the loss on a trade, and a 'Limit order' would be placed above the market to take profit. When one order is executed, the other is automatically cancelled, hence 'one cancels the other' (OCO).
- What is an "If-Done" order?
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An 'If-Done' order, also known as a 'Contingent order', is linked to an existing pending order. To place an 'If-Done' order you would first place a Limit or Stop order, usually to open a position. The 'If-Done' order will lie dormant until your initial Stop or Limit order has been filled. At this point it will come into existence and show as 'pending', awaiting execution in your order blotter.
- Is CMC Markets regulated in Canada?
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CMC Markets is a member of the Investment Dealers Association of Canada and of the Canadian Investor Protection Fund.
- I am a resident of Quebec do I need to be an Accredited Investor?
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No, if you are resident of Quebec the Accredited Investor qualification no longer applies. Please contact us if you have any further questions.
Our Trading Platform
- Can I operate your Trading Platform on an Apple MacIntosh Computer?
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You can if you have, or download and install the program Virtual PC.
Click here for more information on where to get it, and more details on the product.
- How do I download the Marketmaker™ demonstration platform from CMC Markets?
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You must register for the demo account by completing a registration form available on this website, by clicking here.
You will receive an email from CMC Markets, with your User ID, Username, Password, and a link to download the platform.
- Do I have to pay additional fees to receive your Marketmaker™ platform?
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No, there are no additonal fees to pay for Marketmaker™, what's more there are no minimum trade requirements or inactivity fees to worry about.
- Where can I learn more about Marketmaker™ version 5.3?
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We are pleased to offer some additional materials about our Marketmaker™ version 5.3 trading platform. Click on your item of interest below:
Marketmaker™ v5.3 Software User Guide (PDF 5Mb) Launch the Marketmaker™ v5.3 One-Click Flash WalkthroughIf you have any questions, please do not hesitate to contact us.