If you applied for your trading account before 13 July 2020, your stockbroking account would have been set up with a CMC Markets Cash Account. This Cash Account is an interest-bearing account with Bankwest operated by CMC Markets Stockbroking under your instructions. This account is for trading and settlement purposes only and enables you to trade online using any of the CMC Markets Stockbroking platforms.
You can easily view and download your Cash Account transaction summary, transfer funds and more from the trading platforms.
The CMC Markets stockbroking platforms allow you to withdraw funds from your CMC Markets Cash Account to a nominated external bank account, you can do this by following these steps;
Your online trading account balance will update when the transfer is requested and you will receive a confirmation email when it has been processed by us. In some cases, we may need to contact you to confirm some details of this withdrawal before it can be finalised.
If you need to link an external bank account to your trading account, you can do this in the ‘External Bank Account Setup’ tab on the Transfer Funds section of the platform.
Enter your account details (including BSB, Account Number) to set up the new external bank account for the trading account required.
Enter your trading PIN and click ‘Submit’.
When you link an external bank account for a non-Individual account, such as a Company, Trust or Joint account, a pre-filled PDF form will be generated that all account holders are required to sign. This PDF form can be returned to us using the File Uploads page in the Support menu, or via email.
Withdrawal requests received before 11.00am will be processed that day - provided the funds are cleared. Withdrawal requests received after 11:00 am will be processed the next business day.
Withdrawals can take up to 2 business days before the funds are available in your nominated external bank account.
There are two ways you can deposit funds into your CMC Markets Cash Account:
Details for both methods are available on the standard platform under 'Account', select 'How to deposit' from the 'Transfer Funds' menu.
Net Interest rate (p.a) On balance of
0.00% $0 to $9,999
0.00% $10,000 to $19,999
0.00% $20,000 to $49,999
0.05% $50,000 to $199,999
0.05% $200,000 to $499,999
0.10% $500,000 and above
Interest rates shown are net of the Broker Service Fee.
These interest rates apply to accounts opened after 1 July 2014. For accounts opened prior to 1 July 2014, please refer to your bank statement for interest rates.
The Broker Service Fee (BSF) is a monthly fee payable from your account for the services provided to you by CMC Markets Stockbroking. From 1 July 2020, CMC Markets Stockbroking will charge a BSF at the rate of 0.25% per annum. There are no fees charged by Bankwest for this account.
If you applied for your trading account on or after 13 July 2020, your stockbroking account would have been set up with a Macquarie Cash Management Account (CMA). The Macquarie CMA is an interest bearing account opened for the purposes of settling your share transactions and enables you to trade online using any of the CMC Markets Stockbroking platforms.
There are two ways you can deposit funds into your Macquarie CMA.
BPAY® - using your Biller Code and Reference Number.
Direct Deposit – using your Account Name, BSB and Account Number.
Details for both methods are available on the standard platform under ‘Account’, select ‘How to deposit’ from the ‘Transfer Funds’ menu.
You can manage your own withdrawals from your Macquarie CMA directly through Macquarie's secure banking portal 'Macquarie Online'.
You can access your Macquarie online by visiting online.macquarie.com/personal and logging in with your Macquarie ID. Your Macquarie ID is sent to you directly by Macquarie once your account is finalised. If you haven't activated your Macquarie ID, you will need to visit online.macquarie.com.au/register and follow the instructions.
If you have not received or have forgotten your Macquarie ID, you will need to contact Macquarie on 1800 806 310. For privacy reasons, CMC Markets Stockbroking is unable to help you with your Macquarie ID or access to Macquarie Online.