CFD provider comparison

[cfd benny]

hi just wondering if anyone knows of a site where i can get information about cfds and providers? like a comparison or something?

thanks ben

 

[franky]

Re: CFD's provider discussion or something

i found a good site www.cfdtools.com theres also www.cfdproviders.com but thats all advertisements and a real lack of info

 

[Milk Man]

Re: CFD's provider discussion or something

I'd look at macquarie and e-trade. In particular look for one with a direct market access (DMA) model as opposed to a market maker type provider.

 

[Fab]

I am still struggling to find the value in CFD's, my understanding is that dividend are paid when trading cfds but not considered as franked as well as you get charged about 2.5% above interest on trade as well as a fee of around 0.1% .
My problem is that I have a line of credit which I meanly use for share trading and the interest on is 7.57% (If you know a better rate please let me know) and I can use it to by instalment warrant and normal share with it.
So the interest is then better than what I would get charged for cfds trading, as well I don't get any margin call if a sudden drop happens.
So why are CFDs so popular ???
I open an account with IG market to have a look and I found the interface very poor. I was also looking at E Trade, Commsec and CMC market I am wondering if anyone can tell me which CFD provider is worth having a look at.

Cheers

 

[RichKid]

hi just wondering if anyone knows of a site where i can get information about cfds and providers? like a comparison or something?

thanks ben

Hi Ben/Fab,
Try this thread for some reviews and discussions of various providers: https://www.aussiestockforums.com/forums/showthread.php?t=5392

There are also some other threads discussing the benefits of CFD's vs other instruments.

 

[zzkazu]

Fab,

the reason why CFD's are so popular is leverage. If you have a good risk management philioshopy the gain out ways the interest charge. I pay about $120 a day interest to give me exposure of $580K, doesn't take much to cover interest.

I use BrokerOne; thet are DMA and charge 8bps. minimum $8 per trade.

 

[Fab]

I am starting in the cfd as I previously mentioned I am also new to charting and I understand candle stick stuff . Can anyone advise of any good book to read in that area (day trader )

 

[>Apocalypto<]

I am starting in the cfd as I previously mentioned I am also new to charting and I understand candle stick stuff . Can anyone advise of any good book to read in that area (day trader )

Fab,

A good book i read was secrets of candle stick charting by Louise Bedford


cheers