MFGA's on-line trading platform - eMPOWER - provides customers with a state of the art, browser based
trading platform, combining outstanding speed, security and reliability to enable direct
electronic market access to the underlying cash market (ASX). Customers can select from a
wide range of market information combining live prices, market depth and news together
with a powerful real time charting package. Features include:
- Direct Market Access - real "cash market" prices ALWAYS
- Multiple on-line order types including limit, stop, GFD, GTC and contingent.
- No price requotes EVER
- Professional real time charting package with charting tools
- Breaking ASX news
- Interaction with the ASX order book (SEATS) - submit your own bids and offers
- Participation in opening and closing price auctions
- Trading platform and account support
New eMpower Pricing Schedule
Our CFDs are DMA CFDs, which means unlike other CFD providers we are charged an ASX royalty fee. MF Global’s pricing schedule for the CFD trading platform - eMpower – is a volume based charging structure.
For example, if you trade between 0 – 7 times per calendar month you will be charged $41.25 for ASX royalty fees and $40.70 in respect of software licensing fees. However, if you trade more than 15 times per calendar month, you will receive rebates for both the ASX royalty and software fees, totalling $81.95.
New eMpower Pricing Schedule
Login to eMpower
during the month |
Number of Trades*
for that month |
Costs† |
Rebate |
Total Charges |
Yes |
0 – 7 |
ASX $41.25
Software $40.70 |
ASX $0
Software $0 |
$81.95 |
Yes |
Between 8 and 15 |
ASX $41.25
Software $40.70 |
ASX $41.25
Software $0 |
$40.70 |
Yes |
>15 |
ASX $41.25
Software $40.70 |
ASX $41.25
Software $40.70 |
$0 |
No |
N/A |
ASX $41.25
Software $40.70 |
ASX $41.25
Software $40.70 |
$0 |
*A trade is defined as being all trades in the same CFD in one direction (buy or sell) for that trading day.
†An ASX royalty fee is charged at 2.53 cents per minute between 9.30am and 5.05pm on weekdays, upto a maximum of $41.25 per month (inc. GST) for live ASX equity prices, please note all fees inc. GST.
Examples:
Example 1 – One transaction / Single share CFD = One trade
+ 50 BHP
Example 2 – Numerous same side transactions / Single Share CFD = One trade
+ 100 BHP, + 500 BHP, + 50 BHP, + 25 BHP
Example 3 - Multiple transactions / Single share CFD = Two trades
+ 100 BHP, + 500 BHP, + 50 BHP, + 25 BHP - 50 BHP
Example 4 – Multiple transactions / Multiple share CFDs = Four trades
+ 100 BHP, + 100 BHP, +100 NAB, + 50 TLS, - 50 NAB
Real-time ASX prices
Our CFD prices are ALWAYS the cash market prices for
shares listed on the ASX. Remember not only can you
be a price taker, you may also be a price maker -
ie. you can post your own bids and offers directly
into the cash market order book (SEATS). You can create
your own watch list of reference shares, giving streaming
prices.
Click on the image for greater detail. |
 
Buy / Sell Order Screen
"Place order ticket" for all markets. You
can select buy or sell, select order type and set
price limits. Multiple on-line order
types include stop, limit, Good Till Cancelled
(GTC), Good For Day (GFD) and contingent orders. The
order ticket allows immediate order entry and pre-formatted
key information. Orders may be executed at the prevailing
market price or worked at a more speculative price.
Order Pad allows users to monitor all current working
CFD orders and executed CFD orders. It provides the
necessary confirmation details of CFDs that have been
bought or sold or cancelled.
Click on the image for greater detail. |
Depth of Market
Market Depth details the complete ASX depth - both
buyers (bids) and sellers (offers) - for each CFD
available on-line. Customers view real-time price
updates, volume available and are able to open an
order ticket at the prevailing price (bid/offer) or
above/below the market.
Click on the image for greater detail. |
Course of Sales
Course of sales is the tabular history of trades for
a given security on a given day.
Click on the image for greater detail. |
Portfolio Screen
A personalised portfolio of stock created and maintained
by the user. The watchlist shows live process and
indicates auction periods and news information. Click
on the image for greater detail.
Real-time position updates
Real-time position updates to help you track your
portfolio in real-time, allowing you to instantly
see account equity, open, pending or closed orders
and check available margin.
Initial Margin
The initial margin is an amount of money we will
debit from your account at the time the CFD is entered
into. The initial margin represents the security deposit
value that you are required to hold with us when
you first open a CFD position. Initial margin's
start from 5% (ASX top 20) of the contract value and represent
the assessed risk value that MFGA determines should
apply, in its discretion. Click here to see current Margin table.
Variation Margin
The variation margin is the unrealised profit or loss
on your open position. This amount is equal to the
dollar value movement in your open position when compared
against the current market price. We, in certain
circumstances, refund variation margin to you when
a position moves in your favour.
Gross Liquidation Value (GLV)
The GLV is the amount of money you would have in your
account were you to close out all positions at the
current market price (less any transaction charges
or adjustments).
Free Equity Free equity gives a
real time evaluation of your CFD account's spending
power throughout the day. This also includes any intra-day
CFD transactions. |
Chart
We offer real time dynamic charting across a full
range of instruments. Features of this charting facility
include intraday (tick, 1, 2, 5, 10, 30 & 60 minute
periods), daily, weekly and monthly time frames, an
overlay of comprehensive analysis tools and indicators
and enhanced trend line control.
Click on the image for greater detail. |
eMPOWER
will also allow you to view the varied functionality
listed below:
Customise your trading platform
allowing the user to create an unlimited number of
trading pages to suit their trading needs.
Streaming News from ASX as a scrollable
list of news headlines. Users may also view and receive
alerts relating to stock specific news.
Platform Support: We provide excellent
trading platform and IT support facilities. Customers
can contact the service desk from 7am-5pm on 1800
626 099 or email cfds@mfglobal.com.au
|
eMPOWER
- System Requirements |
|
The eMPOWER trading
software retains the following requirements:
Personal Computer -
166 MHZ Pentium class machine with a minimum of 64
MB RAM.
Operating system & Browser -
Supported by the following browsers with Java enabled
may be used:
Netscape 4.07 to 4.7 (Not 6.x)
Internet Explorer 4.0,5.0,or above
Monitor -
At least a 15 ” colour monitor is required,
although a 17 ” monitor ((or dual monitors)
is recommended.
Network connection -
A network connection of the quality of a 56K modem
or better is required. However, please note that dial up modems may not provide sufficient
bandwidth to run this application and you may experience communication problems
and delayed prices especially during peak trading periods. ADSL lines,
broadband Internet connections and ISDN lines offer greater bandwidth and are strongly
recommended.
Currently the eMPOWER trading software does not
support Macintosh type computers.
|
|
