Trading CFD instead of shares

[Demoni1]

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?

[JamesIG]

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.

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. 

[JamesIG]

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. 

[Demoni1]

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.

 

 

[Demoni1]

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.