I use CMC makerts and have done for a while, trades on NZ shares cost $10 to buy and $10 to sell and financing is 5.5% per annum on long trades. I've found it to be a very easy to use platform and staff on the helpline are always willing to help with any issues. Particularly useful if you are using a trend trading system that requires you to buy and sell often.
I use CMC makerts and have done for a while, trades on NZ shares cost $10 to buy and $10 to sell and financing is 5.5% per annum on long trades. I've found it to be a very easy to use platform and staff on the helpline are always willing to help with any issues. Particularly useful if you are using a trend trading system that requires you to buy and sell often.
Borrowing. In this case the cost of borrowing. However, although CMC offer share broking services they are primarily a provider of Contracts for Difference. Contracts for difference and the borrowings involved are a synthetic contract that emulate the process of purchasing shares using finance but you don't physically own any shares.
Borrowing to finance the purchase of shares are typically referred to as Margin
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