Invest in CFDs
An SMSF is permitted to invest in CFD’s. Clients of ESUPERFUND are permitted to use any CFD Provider for their SMSF. To simplify the CFD Application Process ESUPERFUND has established direct arrangements with CMC Markets allowing clients to easily apply for a CFD Account through our website.
CMC Markets Account Not Compulsory It is not compulsory to use the CMC Markets Account and you are permitted to invest in any CFD Provider for your SMSF as desired. However if you establish CFD Accounts for your SMSF other than with CMC Markets, data will not be accessible by ESUPERFUND and you will need to source and provide this data to ESUPERFUND annually. In addition ESUPERFUND provides a Client Login Portal to clients with daily data of all your SMSF Investments. Where you elect to invest in CFDs other than with CMC Markets, we will be unable to receive daily data on these accounts, and in turn will not be able to report details of these accounts daily.
What can you Trade using CMC Markets CFDs
CMC Markets' CFD trading platform offers clients access to over 10,000 global products across shares, indices, commodities, treasuries, currencies and cryptocurrencies.
Clients for whom CFDs are unsuitable
According to CMC Markets Target Market determination (TMD), CFDs will generally not be suitable for Clients outside the target market. Potential categories would include:
- Clients who cannot afford to lose the amount of money deposited without material impact on their standard of living;
- Clients who do not understand the risks of CFDs;
- Clients who solely derive their income from benefits and/or borrowings; or
- Clients who have not passed CMC Markets' Client Qualification testing criteria; and
- Generally, clients who have savings less than AU$39,999 and who have annual income less than AU$39,999.
Clients who have a low risk tolerance, other than those Clients who wish to use CFDs to hedge existing investments.
More information can be found in the CMC Markets Target market Determination for CFDs.
Monitoring Transactions
By using the CMC Markets Account ESUPERFUND is able to electronically access the trades made by your SMSF in order to attend to the SMSF Annual Compliance Requirements. No records are required from you each year as we already have the data. It is important to understand that only electronic data files are provided to ESUPERFUND. We have absolutely no access to your CMC Markets Account and cannot actually login to your Account to access the required data.
No Direct Share Ownership
It is important to understand that when you purchase Shares using CFDs with CMC Markets, your SMSF is not the actual owner of the Shares. CFDs are a contract between you and the CFD Provider (i.e. CMC Markets) that could result in either a profit or a loss from either rising or falling prices.
Trade CFDs Long or Short
CMC Markets CFDs allow you to trade either Long or Short. With CFD trading, your profit or loss is determined by the difference between the buy price and the sell price of the financial instrument you are trading.
Brokerage Costs
For details on the Brokerage Fees applicable under the CMC Markets trading platform click here.
Education
CMC Markets’ Next Generation trading platform houses educational features. Tools include CMC Insights, Chart Forum, Client Sentiment and Pattern Recognition. Click here to find out more.
More Information
For more information about the CMC Markets CFD Account click here.
CMC Markets CFD Account Queries
If you have any queries about your CMC Markets CFD Account please contact CMC Markets directly. Please do not contact ESUPERFUND directly in relation to queries about your CMC Markets CFD Account as unfortunately we will be unable to assist you with your queries. Contact details for Client Services and the Dealing team are as follows:
CMC Markets Login
To login to the CMC Markets CFD Account click here.
Apply Now
To apply to establish a CMC Markets CFD Account click here.
No financial product advice or recommendation
No Advice Express or Implied: It is important to understand that ESUPERFUND has not taken into account any particular investor's objectives, financial situation or particular needs. ESUPERFUND does not provide financial product advice or recommend any financial products either expressly or implied. ESUPERFUND expressly states that it does not recommend, represent as suitable, or endorse any financial product or service available through ESUPERFUND. This applies in relation to the CMC Markets Account. ESUPERFUND does not advise or recommend that this product is suitable to a particular investor’s financial requirements or needs in relation to their SMSF. Any information provided in relation to the CMC Markets Account is factual information only about the operation of the account and how data is made available to ESUPERFUND. Accordingly you should read the disclosures relating to the CMC Markets Account before making any decision about whether the CMC Markets Account is suitable for your SMSF needs. We also recommend that you should seek professional advice from a financial adviser before making any decision to use the CMC Markets Account for your SMSF.
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