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General Information |
| Brokerage name: CMC Group Plc
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| Minimum account size: > $10000
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| Base commission rates: < $4
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Brief explanation of margin rates, if applicable:
10% Margin Requirement for trading Stocks.
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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:
24 Hour Margined live On-line Stock Trading service. No commissions, no stamp duty, no sales tax. Real-time dealing prices. Customers can short the market.
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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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| 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: N/A
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Types of quotes offered to customers:
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Execution methods offered:
| Online Broker(trade desk)
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Broker
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Exchanges covered:
| American Stock Exchange (AMEX)
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Boston Stock Exchange
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CBOE-Chicago Board Options Exchange
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CBOT-Chicago Board of Trade
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| Chicago Stock Exchange
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CME-Chicago Mercantile Exchange
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Hong Kong Stock Exchange
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London Stock Exchange
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| MATIF-France's Futures & Options Exchange
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NASDAQ
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New York Stock Exchange (NYSE)
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NYMEX & COMEX-New York Mercantile Exchange
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| Pacific Exchange
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Philadelphia Stock Exchange
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Singapore Stock Exchange
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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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Fundamental 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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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:
Free trading software worth approx $30,000 USD. Customers can also trade spot forex, currency forwards and currency OTC options from their single margined account.
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This broker's service is better than the competition in these areas:
with no commission or stamp duty we beat all competition on Price. The trading software will also mean we will beat the competition on speed of execution.
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Types of security precautions taken for customers:
RSA 128 bit Encryption of software. Segregated margin accounts.
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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:
To implement an advanced charting package.
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