Australian (ASX) Stock Market Forum

SPI from $0.20 - a good deal?

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17 October 2008
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Hi I have been thinking of getting into trading the spi. I currently trade FX with go markets. I got this email the other day:

" Trade the index futures round the clock on live exchange prices with no additional spread and a commission from only 20 cents.

Our spi contracts attracts a margin of only $2833 rather than the 11k at the exchange. GO Markets' MetaTrader4 Platform also enables clients to trade micro lots on futures meaning you can trade with a smaller exposure and with less risk. For example:

Trade 0.1 lot of APZ8 (SPI200) for a margin of $283.30 and a commission of just 20 cents!"

IS THIS A GOOD DEAL??? - should I look at them for spi?
 
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