Trade CFDs through Direct Market Access
Contracts For Difference (“CFDs”) are derivatives that allow you to make a profit or loss from fluctuations in the price of an underlying ASX listed security without actually owning that security.
Benefits of using CFDs
- potentially large exposure to listed securities with a relatively small initial outlay
- the potential for greater returns than you might get from holding an equivalent dollar investment in the underlying security (at a higher risk)
- the ability to benefit from both rising or falling security prices based on your view about how the price of a security will move in the future
Key features of trading CFDs with Wealth Within
- transparent pricing and cost structure via a Direct Market Access model
- receive CFDs prices, depth and liquidity that are identical to the underlying market*
- NO requotes or additional spreads
- the ability to exploit the auctions at the scheduled open and close of the market
- collateral rates starting at 5%
- trading fees from $10 or 0.14% for Wealth Within members
- optional Guaranteed Stop-Loss protection
- a GSL can reduce your required collateral to as low as 1%
- a GSL can reduce your maximum capital loss to as low as 1%;
- extensive shorting availability (currently 252 CFDs)
- bank deposit security for funds in your Online Investor Account
- price alert and collateral breach notifications available via SMS
Getting Started
- Take a tour
- Learn more about CFDs - Find out how CFDs work
- Open an Account
Trading CFDs
You should note that, in certain very limited circumstances such as during an insolvency or takeover situation a Reference Security Price may not match the prices on the underlying exchange. Please see sections 4 and 6 of the PDS for full details
CFDs are highly leveraged and carry a high level of risk. Additionally, any profit or loss accruing to the investor will be adjusted to take into account certain fees and charges. Investors should not invest in CFDs unless they are experienced in equity derivatives and understand and are comfortable with the risks of investing in CFDs. Investors should read the Product Disclosure Statement for CFDs, particularly section 4 "Risks You Should Consider" and obtain their own financial advice as to whether CFDs are an appropriate investment for them.
Wealth Within has an agreement with Macquarie Bank Limited (MBL), under which clients of Wealth Within are able to enter into CFDs with MBL. Wealth Within assists clients to open an account with MBL which allows clients to execute orders to enter into CFDs with MBL. Wealth Within is not a representative of MBL in undertaking these functions. Wealth Within does not give advice to clients in relation to CFDs.