Trade with a High Performance Trading Platform
Stocks Market Data
Stocks Symbol Overview
Vonway is the provider of choice for
high-volume traders, swing trader, intraday trader.
Open 24 hours a day 5 days a week, the foreign exchange market is the largest and most liquid market in the world with volumes of over $4 trillion a day surpassing any exchange based market. Foreign exchange trading involves trading one currency pair against another, predicting that one currency will rise or fall against another. Currencies are traded in pairs, like the Euro versus the US Dollar (EUR/USD).
Stocks
Trade over 1600 large-cap Stocks CFDs across the Apple,Facebook and Google stock exchanges with superior execution
and tight pricing exclusively on the Vonway MetaTrader 4 platform.
1600+
Stocks
ASX, NASDAQ,
NYSE
Ultra Fast
Execution
Earns
Dividens
Vonway single stock CFD give traders the ability to trade the world’s most popular companies such as Apple, Facebook or even Google.
We’ve listed the most popular stocks across the Australian and US markets to give you the best trading opportunities. Alternatively you can trade global macro themes with our special selection of US Exchange listed CFDs including a range of emerging markets Indices and popular such as the Apple, Microsoft, Google and others.
Stocks are available on the Vonway MetaTrader 4 platform which offers functionalities for both new and experienced traders who require charting tools.
How does Stock CFD Trading Work?
Stock trading involves buying or selling shares of individual companies on exchanges like Apple & Facebook, while stock CFDs allow leveraged trading over-the-counter (OTC), providing access to individual company stocks or specific sectors of the economy.
Participants commonly employ diversification strategies to mitigate unsystematic risk by investing across multiple companies or sectors. Investors may opt for defensive positions during periods of expected volatility, while others may construct a growth-focused portfolio comprising small to mid-cap technology stocks.
Stocks
Trading
Example
The gross profit on your trade is calculated as follows:
Opening Price
$152 x100 shares = USD $15,200
Closing Price
$170 x100 shares = USD $17,000
Gross Profit on Trade
USD $17,000 – $15,800 = $1,800
The gross profit on your trade is calculated as follows:
Apple is trading at 150/152 and you are of the view that Apple’s latest product release will boost sales. You decide to purchase 100 shares of AAPL. For each contract, one point (a price movement of 1) is equal to $1 USD.
With 100 contracts, every point that the bid quote on AAPL rises above 152 you will make a profit of $100 USD, and for every point the bid quote falls below 152 you will lose $100 USD.
US Stock Trading
The US Internal Revenue Service (IRS) requires all non-US resident holders of US equity derivatives – (this includes CFDs ) to be taxed on dividend adjustments.
What does it mean for me?
When trading any US listed equities with IC Markets, the Dividend adjustments on your long positions are credited to your account, and the applicable withholding taxes are automatically deducted.
How much will be deducted?
The deduction rate varies depending on the underlying market, but where a treaty between Australia and the relevant market exists, the rate may be reduced to 15%. Please note that the withholding tax deduction doesn’t apply to short positions.
What Should I do?
If you are an INDIVIDUAL and want the applicable reduced rate, please fill out “Form W-8BEN” and upload it to your Client Area.
If you are an ENTITY and want the applicable reduced rate, please fill out “Form W-8BEN-E” and upload it to your Client Area.
For further information please do not hesitate to contact our Support Team.
Information about ASX trading
Market data fees
Starting from September 1st, 2020, there is a fixed market data fee of $22 AUD per month, charged once per calendar month to your account. The fee is applied at the beginning of the following month for traders who accessed the market data during the previous month.
If you have multiple accounts or access the market data multiple times, you will only be charged once. No account changes are required for ASX share CFDs market data; the fee will be automatically applied monthly.