Reasons to switch providers
Key questions you should be asking your broker
1) Are you paying a minimum commission charge?
If your trade sizes are small some brokers will charge you a "minimum commission charge" to enter the trade. At CMC Markets we do not charge any minimum commissions on our trades meaning you can trade in units that suit you without the worry of additional charges.
2) Are you charged extra for placing a trade over the phone?
When you don’t have access to the internet and wish to transact a trade via the phone many providers will charge you an additional fee to do so. CMC Markets operate multiple dealing desks that are available to trade 24 hours a day, allowing you to transact your trades over the phone at no additional cost.
3) Do you have access to customisable margin?
Most trading accounts force you to take on a fixed amounts of leverage (margin) on every trade or they simply do not provide leverage at all. With a CMC Markets CFD account you have access to our new customisable margin feature which lets you decide how to approach each and every trade, by dialling up or down the margin to suit you. We know every client has a different risk level and every market opportunity has a different approach so we now give you the control in one single account.
4) Do you have a minimum trade size when trading with your current broker?
Fractional trading not only allows you to trade using nice round amounts but it also gives you the ability to trade nearly any trade size. We don’t restrict you from placing small trades, in fact our minimums start from just $1 on any equity which might be 0.01 of a share. If you are trading higher valued shares like Google, that can trade above USD 500 a share, you can take out partial trades giving you greater control on your asset allocation
5) Can you trade foreign markets using your local currency?
CMC Markets have introduced a whole new level of control when trading share CFDs, with fractional trading. You can now trade companies in foreign markets such as the US or Europe using nice round amounts in Singapore dollars (SGD). Our Next Generation technology will automatically convert your foreign currency trades into a number of units using our live spot rates. Your profit and loss will always be reflected in Singapore dollars (SGD) giving you greater transparency of how your position is fairing.
6) Does your current share trading account let you profit from a falling market?
CFD accounts offer clients the ability to trade short (profit from a falling market) on a wide range of shares. This allows you to profit from any market conditions. This also gives you the ability to hedge long term hold positions against short term market fluctuations. Remember that the markets can move against you resulting in losses, which can exceed your initial deposit.
7) Are you able to access support 24 hours a day?
We are available 24 hours a day from Sunday 9pm through to Friday 10pm, and Saturday 9am to 5pm GMT/BST. We take great pride in our standards of service, we are constantly working to improve them to make sure they match your expectations and reflect a world-class offering.