GET Financial can educate you on how to trade like the professionals, with access to our support team, simulation software and trading tips on what CFD's to buy or sell. GET offers comprehensive customer support online or over the phone. GET provides excellent, fast, cost effective and secure CFD trading services to its customers. Customers have access to the Australian Stock Exchange and 28 other exchanges around the world.

Features of the GET Trader include live quotes and price history charts on one screen and a position indicator showing entry and exit points of your trades.

- Trade CFDs which are directly aligned with live underlying stock or index prices
- Trade approx 7,500 stock CFDs from 19 major exchanges ( ‘including Top 300 Australian CFD’s’ ) and Index CFDs tracking 20 major indices
- Leverage your portfolio up to 20 times on 5% margin for index CFDs and 10% for stock CFDs

What is a CFD?

A CFD (contract for difference) is an agreement between two parties that allows you to make a profit or loss by reference to fluctuations in the price of an underlying share or other instrument, without actually owning the underlying product.  This transaction concludes with the parties settling the difference between the purchase price and the sale price.

CFDs are traded on margin so they enable investors to leverage stock investments for much greater market effect. Our margin requirements are some of the lowest available — for our normal margin rates, an investment of only $10,000 can be used to command a CFD position of up to $100,000; leveraging your investment by a multiple of 10.

We are offering an exceptional trading service via GET Trader as we offer “STP - Straight Through Processing” for Top 300 Australian share CFDs. This means when you place a limit order, your order actually goes into the physical market. As a business practice, we then convert physical shares to CFDs and allocate it to your account as a position when you get a fill. We are the only financial house in the Australian market to offer STP service.

Trading Conditions

a. Index CFD Spreads
Index CFDs are traded on the index level with the following bid/ask spreads:

b. CFD interest and accrual rates
As CFD is a margined product, investors need to finance their trades and hence a financing fee incurs on open positions for each trading day.

If you hold a long CFD position overnight, you will pay interest on the open position value. This value is calculated daily and is the quantity you hold multiplied by the closing market price for the underlying share on that day. When you buy an Australian share CFD for instance, you are subject to a financing charge at the Reserve Bank Key Deposit Cash Rate plus 3%.

When you short sell an Australian CFD, you receive an interest accrual at the Reserve Bank Key Deposit Cash Rate minus 3%.

If you open and close a CFD position within one trading day, you are not subject to these charges or accruals.

c. Dividends on CFD Positions
Holders of long CFD positions will, when dividends are paid on the underlying share, qualify for a proportional payout. Holders of short CFD positions will have to pay an amount equal to the full (gross) dividend paid on the underlying share.

The amount will be credited/debited to your trading account on ex-date, unless the dividend rate is unconfirmed in which case the dividend is paid on pay date (e.g. ADR's).
Please note that the dividend debits and credits are made by GET and not by the dividend paying company and are cash adjustments reflecting corporate actions affecting the underlying share. As a result the payout will not take into account special dividend taxation applicable to specific groups of clients and the CFD dividend payment may therefore differ from the dividend payable had the physical share been held. Finally note that holding CFDs does not confer rights to any dividend imputation credits.

d. Partial Fills
Partial fills may occur on limit orders and the remaining amount stays in the market as a limit order and may be filled within the order duration.
Market orders can also be filled at numerous levels, the price paid will be the volume weighted average price of all the fills.

e. Stock Exchanges tradable on GET Trader

GET Financial currently offers more than 2,400 share CFDs tradable on 21 global exchanges.

Share CFD trading exchanges

For Australia, GET Financial offers Top-300 Australian share CFDs. To review the full list of Australian share CFDs, click on link below:

List of top 300 Australia share CFD’s.xls

f. CFD Margins
You must maintain funds in your account to cover your CFD exposure at all times:
• for stock CFDs, you must maintain a minimum of 10% of the investment value
• for index CFDs, you must maintain a minimum of 5% of the investment value
If the funds in your account fall below this margin, you will be subject to a margin call to either deposit more funds to cover your positions or close positions — normally you will be notified through our trading platform and via email. If your margin situation is not remedied, we may close positions on your behalf.

g. Conversion of Currencies
All conversions will be done using the prevailing exchange rate plus/minus 0.5%. This includes, but is not limited to, conversions of transferred amounts and profits or losses from trading activities.

h. Short Selling CFDs
When short selling a CFD, you will be affected by the rules for the stock market in that country. For example:
For US CFDs, an up-tick rule applies where you can only short sell on an up-tick.
For Australian CFDs, you may experience limitations on the amount of CFDs you can short trade in a single day due to limited borrowing availability in the underlying market.
When short selling CFDs, you can experience forced closure of a position if your CFDs get recalled. The risk is particularly high if the stock becomes hard to borrow due to take overs, dividends, rights offerings (and other merger and acquisition activities) or increased hedge fund selling of the stock.