Straight Through Processing (STP) CFDs

The SMC Trader Straight Through Processing (STP) Model is a great option for traders who are not intra-day traders. This model of CFD trading has a spread of 0.05% of the share price deducted from the bid or added to the offer.

STP means your orders are processed with the ASX. SMC Trader does not run a book and is not a market maker.

The STP CFD model allows you to place limit and stop loss orders outside of market hours. When you place an order to sell or buy, the underlying share price must be bid at your level before you can sell or offered at your level before you can buy.

You cannot place AT MARKET orders outside of market hours. All CFD trading is based on the underlying share price and you will always see your trade in the course of sales of the respective stock.

You can participate in the after market close, as long as your orders were placed before 4pm. You do not participate in the pre-open auctions.

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