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General Information |
| Brokerage name: CMC Group Plc - Deal4free.com
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| Minimum account size: $5000-$10000
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| Base commission rates: < $4
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Brief explanation of margin rates, if applicable:
Forex margin is 2% intraday and 4% overnight. Share CFD margin is 20% with Indices CFD margin being 10%.
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| This brokerage has been in business for: 10-15 years
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| Primary type of broker: Instant order execution-Stocks
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Brief description of services offered:
Provide commission free on-line trading in Shares/Indices, Forex and OTC Currency Options. All products can be traded from the award winning real-time dealing software (deal4free.com) which is given free to customers - software includes free real-time news, charting and backoffice. - www.cmcplc.com
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Account Information
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Types of trading accounts offered:
| Full Service
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On-Line Full Service
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On-Line Discount Broker
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| Customers online account information is updated: Up to the minute
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Types of trades offerered:
| Stocks
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Options
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Futures
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Cash markets
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| Indices
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| Other trade types: Spot Precious Metals
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Types of quotes offered to customers:
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Execution methods offered:
| Electronic direct access trading(SOES, SNET and the ISLD ECN)
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Online Broker(trade desk)
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Broker
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Exchanges covered:
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| Setup or initial costs to set up an account: 0
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Features
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Types of services offered to customers:
| Technical Analysis
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Basic -charts & graphs
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Trading software- charts & graphs (create trading systems, scan and sort based on technical criteria)
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Head line news
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| Unique proprietary stories and news coverage
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Wireless (quotes, alerts, execution, etc.)
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Ways customers can access their trading account:
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| Allow stop, limit, and stop limit orders? Yes
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| Charge extra for stop, limit, and stop limit orders: No
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| Offer 24 hour customer support: Yes
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| Offer tax planning advice: No
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Additional Comments
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Special features included in the service are:
Commission Free Trading in Share (CFD), Indices (CFD), Spot Forex, and OTC FX Options. All in real-time. Price driven NOT quote driven.
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This broker's service is better than the competition in these areas:
Offer instant execution in Spot FX, OTC FX Options, Share (CFD) and Indices (CFD)... all commission free and LIVE on-line prices NOT quotes.
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Types of security precautions taken for customers:
RSA Software Encryption. Regulated by the UK's Securities & Futures Authority.
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Communications during systems failures has been assured through:
Telephone.
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The major plans for upgrading the current level of trading service are as follows:
Creating a web based trading platform. Upgrading basic charting to Advanced charts & graphs.
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