Some years back, Cfd trading Australia was introduced by the Australian foreign exchange. This move meant that retail investors could use contracts for differences to enter the foreign exchange market with minimum brokerage fees. Contrary to what was the standard fee by then, cfd providers initiated a $10 fee for each transaction. This reduced the fee a great deal and enabled more traders to trade.
Of course the fee attracted numerous popular retail traders who came with various methods of trading such as over the counter option, which was executed as a trade counter and market provider party. In order to counter the competition, some share brokers came up with an alternative and indexed exchange traded cfds. This move was seen to enhance knowledge and interest in cfd trading in Australia.