CFD Awards: Cannex Canstar

With the rise in popularity of share trading by Australian investors, it's not startling that more sophisticated trading platforms and products are being actively utilized by experienced investors searching for additional buying and selling opportunities. Contracts for differences, or CFDs, are a increasing in acceptance in the Australian market. CFDs are derivative products whose main attraction is the high amount of leverage they offer. Those with a strong knowledge of financial markets are drawn to CFDs, because of their ease of use and simplicity. Often CFD traders are retail clients, institutional investors, hedge funds, day traders or the more savvy investors. CFDs, however, are usually not for the inexperienced trader or investor.

With astute traders aware of costs and their impact on bottom-line gains, the question arises regarding which CFD provider offers better value. Yearly Cannex Canstar analyses products from CFD providers in Australia to compile its detailed analysis on CFD trading. CFD providers are assessed based on part-time traders and full-time traders using the Market Maker and Direct Market Access trading models. Cannex Canstar doesn't include beginner investors in their evaluation, as they don't believe this product is appropriate for this type of investor.

When assessing the CFD providers in Australia, consideration is given based on their pricing for Australian share CFDs, this consists of brokerage and interest charges. Cannex Canstar also takes into account the features and versatility utilizing their services, risk management tools, along with their margin requirements. The Cannex Canstar methodology comprises of 200 pieces of data, making the scope of their CFD trading star ratings far more than most traders could hope to compare by themselves. Their evaluation is based on CFD trading of ASX share CFDs. Cannex Canstar also provides bonus points for providing investors with access to indices and extra markets.

The Cannex Canstar rating considers the trading platform and services offered by CFD providers, incorporating order fulfillment, charting functionality, customer support, education, account administration, information, variety of tradeable securities, brokerage, interest costs, etc. It's not a score of expected returns from use of these services and in no way implies that an investor should have an expectation of positive returns. CFD trading is mostly a self-managed activity and return of profits or losses depends upon the individual investor's judgments and behavior.

Past winners of the Cannex Canstar awards which are broken down into two categories being Direct Market Access (DMA) and Market Maker have been First Prudential Markets and IG Markets for their Direct Market Access (DMA) package and GFT and IG Markets for their Market Maker CFD product. The latest candidate in the CFD market, International Capital Markets (IC Markets) is poised to take out the Cannex Canstar awards this year with its low cost Direct Market Access CFD package for full-time traders on the webiress trading platform.

Article Source: http://www.newsarticlessite.com

John Benson is a skilled CFD trader with over 15 years trading experience in CFDs, Forex, Futures, Stocks and Options. John has written a number of guides and ebooks on day trading and investing in CFDs. John has first hand experience trading with a number of the CFD providers in Australia and abroad and has conducted quite a few joint seminars and lectures on CFD trading with many of them.

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