User Research/Opinions   

Opinions on CFD Trading Platforms in S'pore

CMC's Fees:

- 0.15% or $15 minimum

- If short, no finance costs. If long, cost = SIBOR + 3%

 

City Index's Fees:

- 0.20% or $20 minimum

- If short, City Index PAYS you SIBOR - 2.5%. If long, you pay SIBOR + 2.5%

 

So comparing both brokers, it seems that, if one is to short CFD most of the times, it is better to trade with City Index as they PAY you for short position each day. Of course, the initial fee is $5 or 0.05% more.


Also, why does City Index pay the client on short position since it is a contract with no real borrowing? Any views on this?

 

hi, I m using cmc.

mini charges is $15.

online platsform quite easy to use.

CFD, index, fx. education provided. long and short no expire date;long have financial charges, short there is no charge.200+stocks. 

client respond quite ok.

if u r interested, leave ur email or hp. visit my blog can find my email. http://www.herbalnotes.blogspot.com

 

Saxo is good. Service is excellent and the customer service officer usually responds within minutes of your email. 

But I use it mainly for Forex trading. Not for CFDs. 

 

Hi all,

There are numerous CFD trading platforms available in S'pore e.g. Phillips, City Index and Saxo. I would like to seek your opinions based on your experience on these platforms on issues such as:

• charges,
  
• online usability,
  
• service experience,
• the number of days to hold the position before rollover,
• the number of counters available for long and short positions

any comparisons and opinions are greatly appreciated!