Trading Index CFDs

[jono1887]

It's not 4 points each way, it's 4 points total.

You can buy for 4339.5 and then sell for 4343.5 immediatly, meaning you lose 4pts. It's not like brokerage where you "pay" a spread, it just means that the ask will always be 4 points higher than the bid, so every time you buy/sell you are going to miss out on 4 points, which is $100 on a normal SPI contract.

Ok, is this normal or are there other brokers that have smaller spreads??
Which ones are the best for index cfds in aust?

 

[Bobby]

Its a two point loss you will be down when the Aussie market is open , thats a trade based on the XJO called the Aussie 200 Cash short or long .

 

[skyQuake]

IG = 2pt spread,
CMC = 2pt spread

Larger for outside mkt hours

 

[Bobby]

IG = 2pt spread,
CMC = 2pt spread

Larger for outside mkt hours

Spot on

Also if you trade the so called FTSE & Wall St when on market and get zapped ' then ask the question WHY the difference from from the real chart you have been monitoring , they will say oh"" its part of the futures we build into our price check our fine print when you signed up .