Funding and Withdrawals

Questions

Answers

  • What is a CMC Markets Cash Account?

    A CMC Markets 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.

    Information about Interest rates and related Broker Service Fee can be found on the cash page.
     
    You can easily view and download your Cash Account transaction summary, transfer funds and more from the trading platforms.

  • How do I withdraw funds from my CMC Markets Cash Account?

    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;

    1. Select 'Transfer funds' from the 'Account' menu
    2. Enter the amount you wish to transfer from the trading account you require
    3. Enter your trading PIN and click 'Request Transfer' to initiate the fund transfer request

    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.

  • How do I deposit funds into my CMC Markets Cash Account?

    There are two ways you can deposit funds into your CMC Markets Cash Account:

    1. BPAY® - using your Biller Code and Reference Number
    2. Direct Deposit – using your Account Name, BSB and Account Number

    Details for both methods can be found within the trading platform in the ‘How to Deposit’ tab, you can navigate there by selecting ‘Transfer Funds’ from the ‘Account’ menu.

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