Shield Mode
A little defence goes a long way when markets move. Manage risk with Shield Mode on a Next Generation CFD account.
- Extra protection on popular products
Trade a range of FX, Indices, Commodities, ETFs and shares. - Guaranteed stop loss order
Close out every trade at a specified price regardless of volatility.* - Negative balance protection
Never lose more than your deposit. - Limited risk and leverage
Manage risk in volatile markets with no gap risk.
*IMPORTANT: Shield Mode is an account setting on our platform that caps your potential losses to your deposited amount, facilitated by the use of Guaranteed Stop Loss Orders (which come with associated costs). Activating Shield Mode significantly reduces the range of products available to trade. After activation, a list of products eligible for trading under Shield Mode can be accessed directly on our platform.
What is Shield Mode?
Shield Mode is an extra layer of protection on your CFD account. It includes built-in risk management tools such as guaranteed stop-loss on every trade and negative balance protection to help manage risk if markets move against you.
Trade a range of FX, indices, commodities, ETFs and shares with more confidence. Shield Mode limits your leverage while you get comfortable moving in markets.
To activate Shield Mode, email support@cmcmarkets.co.nz or phone 0800 26 26 27.
Small tweaks. Big protection.
CFD account with Shield Mode | Standard Next Generation CFD account | |
|---|---|---|
FX | 54 | 325 |
Indices | 64 | 101 |
Commodities | 96 | 134 |
ETFs | 624 | 1191 |
Shares | 2467 | 10049 |
Treasuries | No | Yes |
Forex Indices | No | Yes |
Share Baskets | No | Yes |
Crypto | No | Yes |
GSLO | Mandatory | Optional |
GSLO Costs Refund | Yes | Yes |
Account Netting | On | Optional |
Negative Balance Protection | Yes | No |
Reduced Leverage | Yes | Standard |
Accurate as of 15.10.2024. Product numbers are subject to change.
IMPORTANT: Shield Mode is an account setting on our platform that caps your potential losses to your deposited amount, facilitated by the use of Guaranteed Stop Loss Orders (which come with associated costs). Activating Shield Mode significantly reduces the range of products available to trade. After activation, a list of products eligible for trading under Shield Mode can be accessed directly on our platform.
How to open a Shield Mode account
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^ Email support@cmcmarkets.co.nz or call 0800 26 26 27
Shield Mode
Frequently asked questions
How do I open a CFD account with Shield Mode?
Contact us on at 0800 26 26 27 or support@cmcmarkets.co.nz to activate Shield Mode.
What is a guaranteed stop-loss order?
A guaranteed stop-loss order (GSLO) works in the same way as a stop-loss order except that it guarantees to close out a trade at the price specified, regardless of market volatility or gapping. If you wish to place a GSLO on a trade, you will be required to pay a small cost, called a 'GSLO premium'. The GSLO premium amount to be paid when placing a guaranteed stop-loss order on a trade is calculated as follows: premium rate x number of units. Learn more about Guaranteed stop-loss here.
How does a guaranteed stop-loss order work?
Guaranteed stop loss orders (GSLOs) work the same as regular stop loss orders except, for a small premium charge, they guarantee to close out a trade at the price you specify, regardless of market volatility or gapping. If the GSLO is not triggered, we'll refund 100% of the original premium. If you add a GSLO to an open trade then the margin required will be the margin rate set by CMC, or the maximum loss for that trade – whichever amount is greater. This GSLO-specific margin type is called 'Prime Margin' and will be displayed at the foot of the order ticket. Learn more here.
What is the cost of having Shield Mode?
The cost of Shield Mode on your CFD account is the same as having a standard CFD account with CMC Markets. The only difference being a GSLO needs to be attached to each trade and it will incur a premium. The GSLO premium (100%) will be refunded to you if the GSLO is cancelled before it’s executed. An additional premium is not required to modify an existing GSLO.
What are the risks involved with Shield Mode?
Shield Mode reduces some key risk associated with a standard CFD account, but market risk and loss of trading capital still exists. Find more information on the risks of trading CFDs here.
What products can I trade on Shield Mode?
You can trade a range of FX, indices, commodities, ETFs and shares with a limited range versus our standard account.
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