Volatility vs CMC

Move beyond the options order ticket.

CMC Invest offers shares and ASX options. Volatility is designed for traders who want the full options decision process—from volatility analysis to multi-leg execution—in one place.

See why options traders switch
Volatility options strategy builder with multi-leg payoff and risk analysis

Why Volatility

Put the options strategy—not the share account—at the centre.

For active ASX options traders, Volatility shifts the centre of gravity from general investing to strategy construction, live options analytics and portfolio risk.

  1. 01

    Multi-leg execution

    Build and execute strategies with up to four options legs as one combination order.

  2. 02

    Market-maker pricing

    Request pricing for single options and combination orders directly through the platform.

  3. 03

    Live options analytics

    See theoretical value, Greeks and implied volatility inside the trading workflow.

  4. 04

    Risk before execution

    Use payoff diagrams, what-if margin and stress testing before committing capital.

  5. 05

    Portfolio-level control

    Manage options positions by strategy, expiry and underlying instead of isolated order tickets.

One continuous workflow

From market view to managed position.

Keep the options decision process connected from the first market view through execution and ongoing risk management.

  1. 01

    Analyse

    Read theoretical value, Greeks and implied volatility before choosing a structure.

  2. 02

    Build

    Create single-leg or multi-leg strategies and see the payoff before placing the order.

  3. 03

    Price

    Request pricing for a single option or combination order from ASX market makers.

  4. 04

    Execute

    Send an options strategy to market without re-keying each leg into another tool.

  5. 05

    Manage

    Track portfolio risk, margin and changing market conditions after execution.

Two products

Priced for how they're traded.

We price shares like shares—and options like strategies.

Equities brokerage

$19.95or 0.12%

CHESS-sponsored ownership, a Macquarie Cash Management Account and custom pricing available.

Options brokerage

Covered calls & puts

$3.50per contract

Other options strategies

$24.95or 0.24%

Level 3 Options Pack required for the $24.95 / 0.24% rate. Other ASX fees apply. Prices include GST.

Volatility Pro's published brokerage for eligible options strategies is lower than CMC Invest's standard published online ETO rate as at the review date. Total cost depends on your plan, order and trading activity.

View full pricing and conditions

Moving your portfolio

Keep the move clear.

An eligible CHESS-sponsored portfolio can usually be moved through a broker-to-broker HIN transfer. The Volatility onboarding team can confirm the steps for your account and any open positions.

Ask about transferring

Questions about switching from CMC

Is Volatility better than CMC for ASX options trading?

Volatility is designed for active ASX options traders who want multi-leg execution, live options analytics, stress testing and portfolio risk in the same workflow. Whether it is the better fit depends on the products, tools, pricing plan and support you need.

Can I trade equities with Volatility as well as options?

Yes. Volatility provides equities brokerage and ASX options brokerage as two distinct products within the account. Equities and options use different pricing structures because they are traded differently.

Is Volatility cheaper than CMC?

Volatility Pro's published brokerage for eligible options strategies is lower than CMC Invest's standard published online ETO rate as at the review date. Volatility is not positioned as the cheapest broker for every transaction, and total cost depends on the selected plan, order value, strategy, contract count and exchange fees.

Can I transfer my HIN from CMC to Volatility?

An eligible CHESS-sponsored portfolio can usually be moved through a broker-to-broker HIN transfer. The Volatility onboarding team can confirm the steps for your account and any open positions.

Can I trade covered calls and multi-leg strategies with Volatility?

Eligible clients can trade covered calls and use Volatility's multi-leg workflow to build strategies with up to four options legs. Options access and strategy levels remain subject to account eligibility and applicable target-market requirements.

How this comparison was prepared

Last fact-checked 17 July 2026. Volatility prepared this page and offers the service being compared. It focuses on features relevant to active ASX options traders and does not compare every provider, feature or fee.

Primary sources

Ready when you are

Ready to trade with more control?

Open a Volatility account and bring connected tools, published pricing and experienced support into your workflow.

No platform fees. Brokerage fees apply.