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Australian CFDs - IG Markets Cuts Spreads by 50% |
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IG Markets, Australia's number one CFD provider‡, has cut the minimum spread on the cash contracts and AUD-Denominated contracts on three of its most popular stock indices; the FTSE 100, the Germany 30 and Wall Street.
IG Markets has cut the spreads on these indices by 50%, with the FTSE 100 cash and the Germany 30 cash (main and mini contracts) now available from 1 point, and the Wall Street cash (main and mini contacts) available from 2 points.
These spread cuts will add to the company's already low spreads across a range of global markets, including the Australia 200 and US Tech 100, both available from 1 point, and the US SPX500 available from 0.5 points.
Tamas Szazbo, Chief Executive Officer of IG Markets Australia, says "we are thrilled to have reduced the spreads on these indices. We believe these spread cuts reflect our commitment to improving our clients' trading experience by keeping our rates competitively low while maintaining our high standards of service."
"As part of our commitment to provide outstanding value for money, we offer competitive rates across our extensive range of markets, including dealing spreads on major forex pairs from just 1 pip, and low commissions on over 7,000 global share CFDs starting from 0.1%."
A stock index is a statistical indicator measuring the combined value of the underlying stocks in a particular index. Stock indices usually represent a number of leading stocks in an economy or sector, with the ASX 200 representing the top 200 stocks in Australia.
Stock indices provide one of the most popular forms of CFD trading, and IG Markets offers an extensive range of global indices to choose from including the Australia 200, the FTSE 100, the Wall Street and the Japan 225.
About IG Markets
IG Markets specialises in financial derivatives, principally CFD trading on over 7,000 global share CFDs, indices, forex, commodities, options, binaries and more.
IG Markets is part of the IG Group, a UK FTSE 250 member with over 75,000 active clients worldwide. For further information please call 1800 601 799.
‡ Investment Trends' 2010 CFD Report revealed that 29% of CFD traders choose IG Markets as their main provider.
IG Markets Account / IG Markets Website
Remember that CFDs are a leveraged product and can result in losses that exceed your initial deposit. Trading CFDs may not be suitable for everyone, so please ensure that you fully understand the risks involved.
Content approved/supplied by IG Markets which is Authorised and regulated by the Financial Services Authority, FSA Register number 195355.
Australian CFDs - IG Markets Cuts Spreads by 50%, last edited by F. Lawson, 25-Aug-11.
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Warning: Contracts for Difference (CFDs), margined forex and financial spread trading are leveraged products and may not be suitable for everyone. Losses can exceed your initial deposit. Please ensure that you fully understand the risks involved and seek independent financial advice where necessary.
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