Australian (ASX) Stock Market Forum

Price per tick - CFDs

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14 October 2009
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I have not yet traded CFD's and am only just starting to learn about them. I am unsure about how the price per tick works with CFD's.
I wonder if someone can help me out? Is this how it works? Lets say I want to buy 1,000 SPY (ETF) at say $100. Can I choose how much each tick is worth or is it fixed?
From reading others opinions I am leaning towards opening an account with IG to trade the US markets if that helps any with the answers.
Going to have many other questions but this will start
Ash
 
I have not yet traded CFD's and am only just starting to learn about them. I am unsure about how the price per tick works with CFD's.
I wonder if someone can help me out? Is this how it works? Lets say I want to buy 1,000 SPY (ETF) at say $100. Can I choose how much each tick is worth or is it fixed?
From reading others opinions I am leaning towards opening an account with IG to trade the US markets if that helps any with the answers.
Going to have many other questions but this will start
Ash

Price per tick is fixed, the price is dependent on the what contract it is and the provider.
 
Found out the answer by calling IG. Posted the question in the middle of the night (work nightshift) as I thought there might be an answer from someone up and trading the US market. Thanks to jono1887 for your response.
Ash
 
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