Jump to content
  • 0

Trading CFD instead of shares


Demoni1

Question

I have access to do CFD trading for Forex, commodities etc.

When it comes to ASX shares, I seem to only be able to purchase shares and not trade it as a CFD.
Is there an option to trade as CFD, is there something I need to do to my account to enable CFD trading of shares?

Link to comment

4 answers to this question

Recommended Posts

  • 0
2 minutes ago, Demoni1 said:

Thanks for the quick reply.

Based on the attached screenshot, where would i expect to be able to trade this stock as a CFD instead of purchasing shares?

As you can see highlighted, I have the option to buy shares, but i see no option for buying contracts.

cfd1.JPG

Thanks for the screenshot - I appreciate the terminology is a little confusing but in this instance because you are on the CFD account, even though it says 'Buy 1 Share' you are actually still buying a CFD contract on that share price move. 

There aren't individual lot sizes in the same way as there is on things such as oil, or the indices, however it is still a CFD. Anything in that account type follows the 'CFD framework' when it comes to buying and selling.

I hope this clarifies things. 

  • Thanks 1
Link to comment
  • 0
53 minutes ago, Demoni1 said:

I have access to do CFD trading for Forex, commodities etc.

When it comes to ASX shares, I seem to only be able to purchase shares and not trade it as a CFD.
Is there an option to trade as CFD, is there something I need to do to my account to enable CFD trading of shares?

I've just checked your account and can't see any restrictions. You should be able to remain in the CFD account and buy/sell the CFD for the individual stocks. 

Link to comment
  • 0
2 minutes ago, JamesIG said:

I've just checked your account and can't see any restrictions. You should be able to remain in the CFD account and buy/sell the CFD for the individual stocks. 

Thanks for the quick reply.

Based on the attached screenshot, where would i expect to be able to trade this stock as a CFD instead of purchasing shares?

As you can see highlighted, I have the option to buy shares, but i see no option for buying contracts.

 

 

cfd1.JPG

  • Like 1
Link to comment
  • 0
Just now, JamesIG said:

Thanks for the screenshot - I appreciate the terminology is a little confusing but in this instance because you are on the CFD account, even though it says 'Buy 1 Share' you are actually still buying a CFD contract on that share price move. 

There aren't individual lot sizes in the same way as there is on things such as oil, or the indices, however it is still a CFD. Anything in that account type follows the 'CFD framework' when it comes to buying and selling.

I hope this clarifies things. 

Perfect, thanks for the explanation.

  • Like 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      22,087
    • Total Posts
      92,936
    • Total Members
      42,475
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    IPS Temp Admin
    Joined 06/10/22 15:40
  • Posts

    • Elliott Wave Analysis TradingLounge Daily Chart, 31 May 23,   Bitcoin/U.S.dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Reactionary(Counter Trend) Mode: Corrective Structure: Zigzag Position: Wave(C) Direction Next higher Degrees: wave ((2)) of Motive Details: Wave ((2)) is likely to end at the level of 25874.30. A five-wave rise will confirm this idea. Wave Cancel invalid level: 25874.30 Bitcoin/U.S. dollar (BTCUSD)Trading Strategy: Bitcoin has recovered well from the 25874.30 level and can still hold above the MA200 line, leading us to expect Wave 2 to end at 25874.30, the price is returning to an upward trend, and a five-wave rise will support this idea. Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend MACD and RSI are bullish momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here!       Elliott Wave Analysis TradingLounge 4H Chart, 31 May 23,   Bitcoin/U.S.dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 5 Direction Next higher Degrees: wave (C) of Zigzag Details: Wave (C) is likely to end at the level of 25874.30. A five-wave rise will confirm this idea. Wave Cancel invalid level: 25874.30 Bitcoin/U.S. dollar (BTCUSD)Trading Strategy: Bitcoin has recovered well from the 25874.30 level and can still hold above the MA200 line, leading us to expect Wave 2 to end at 25874.30, the price is returning to an upward trend, and a five-wave rise will support this idea. Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend MACD and RSI are bullish momentum.
    • Commodity Markets: Forex, Bonds, US Gold, Silver, Iron Ore,Copper Lithium,Nickel, Crude Oil, Natural Gas. Elliott Wave   Commodities Market Summary: The USD DXY USDJPY are heading higher into Wave iii) and iv) corrections so are the FX pairs and so are GDX and US Spot Gold. So, there are no larger trends, just corrections.   Trading Strategies: No strategies as markets are in small corrective patterns.   Video Chapters 00:00 US Gov Bonds 10 Yr Yields 00:44 US Dollar Index DXY USDJPY, EURUSD, AUDUSD 05:50 US Spot Gold / GDX ETF 08:41 US Spot Silver 11:20 US Copper / Lithium / Nickel / Iron Ore 19:01 Crude Oil 21:21 Natural Gas 27:11 End   Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817   Source: tradinglounge com Access Trial here... buy 1 month Get 3 months              
    • Hi @AndaIG, Please could the [LOUP] Innovator Deepwater Frontier Tech ETF be listed and made available for the ISA tax wrapper, pretty please? Many thanks, Sam
×
×
  • Create New...