Opening an Account

Prior to dealing in the CFD market investors must open an account through an ASIC registered licensee. Opening a CFD account (Client Agreement Form) is similar to opening an account with a share or futures broker because both licensees are regulated by the ASIC. You will also receive a copy of our Financial Services Guide and Product Disclosure Statement.

1. Your Adviser

In Australia, all CFD dealers must be licensed by the ASIC. Further to this, all employees of Financial Services Licensees who deal and advise in CFD contracts must hold authorised representative’s status. Therefore, when an investor opens an account with us, the person they deal with will be authorised. The adviser is the person with whom the investor will place the buy and sell orders and who are legally allowed to give advice on trading.

2. Minimum Account Size

The minimum account balance that most brokers will usually insist upon is $10 000. However this amount can be lower depending on the type of contracts traded and type of strategies used. The more capital you choose to allocate to CFD trading, the more you can diversify into different markets and different trading strategies.

3. Costs, Fees and Charges.

Commission is charged on each CFD transaction in much the same way as if you were buying and selling shares. Our rates vary depending on the type and level of service required, and the frequency and size of transactions. The fees are competitive and are negotiated with your adviser and for international rates please contact your adviser. 

4. Requirements to Open an Account

a) Account Opening Forms

Complete and sign the Client Agreement Form and arrange appropriate 100 point Identification checks as listed in the PDF for all signatories:

Insert PDF (Identification Records) as attached to email.

Additional documentation for entities:

·         For Partnerships a copy of the Partnership Agreement is to be supplied

·         For Company accounts a copy of form 316 or form 480 (found attached to the annual report) is to be supplied.

·         For Superannuation Funds and Trusts a copy of the Trust schedule is to be supplied.

Post the completed Investment Profile, Agreement Forms and Identification Requirements to:

CK Locke and Partners

PO Box Y3039

East St Georges Terrace

PERTH WA 6832

or alternatively fax through to Accounts Department to expedite the account opening process on 08 9325 1411.

b) Funds
You can deposit cheques, direct transfer or direct deposit to enable opening of the account.  Banking details will be sent to you when your account has been approved.

Click here to apply for an account online.