Please read the descriptions below to see which account will suit you best. If you wish to change your account at a later date, please contact us.
To open a Trader or Limited Risk Account, please apply online. The process is straightforward, and can be completed in minutes.
Trader account
This account offers our lowest initial margin requirements.
You can trade CFDs with Guaranteed and non-Guaranteed Stops provided you have sufficient cash in your account to cover the required margin.
With the Trader Account, it is important that you watch your open positions carefully and that you maintain sufficient funds on your account to cover subsequent margin requirements, after any running losses. We monitor your open positions and may alert you if further payments are required, but do not guarantee to do so, and may cut back or close open your position without notice if you do not maintain the required level of margin.
Limited Risk account
You limit your risk on every position by placing a Guaranteed Stop, for which you pay a one-off premium. With Guaranteed Stops, the maximum amount you can lose is known in advance. You must have sufficient cash in your account to cover the maximum possible loss before you place each trade.
Select account
For experienced traders we also offer the Select Account.
To open a Select Account we require evidence of liquid funds. Initial margin on major indices and forex pairs are higher on a Select Account than on a Trader Account.
However, you will be given greater flexibility to manage your margin requirements.
If you are interested in this type of account, please open a Trader Account online and then contact our Credit Department on (03) 9860 1779 to discuss changing your account type.