I've been using it for about 6 months and quite like it. No charts however but otherwise a competent program. Hedging CFD shorts are quite useful so you don't have to sell your shares when you expect a drop (and so benefit from capital gains rules by holding for over a year) although I am hopeless with timing in putting my shorts on and off; you can partially hedge too. You can only hedge on larger companies. You get full depth of orders and trades are instantaneous, whether cfd or not. With a guaranteed stop loss you can actually have less collateral, as low as 1% or so but each time i've done this they extract a hefty fee and my stops get broken so I don't do that anymore. Of course the leverage can work against you or for you, just like any leveraged system. There is a pdf on their site that tells you how much you can leverage on each share; the big co's w divs and solid earnings you can leverage 95%, then there are many at 10% and 25% and then there are many of the small stocks where you cannot leverage at all.
I'm mainly a long term fundamentals investor and I like the ability to flexibly leverage, I don't know what it would be like for mainly a cfd trader or a day trader.
The ability to short saved me from a complete wipeout during the subprime drop and I didn't have to sell my core holdings. I shoulda shorted earlier, but probably most people would say that!
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$60.90 |
Change
-0.470(0.77%) |
Mkt cap ! $11.80B |
Open | High | Low | Value | Volume |
$61.08 | $61.08 | $60.58 | $14.59M | 239.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8 | $60.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$60.92 | 16584 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 123 | 60.660 |
1 | 200 | 60.610 |
1 | 16 | 60.590 |
2 | 333 | 60.500 |
2 | 100 | 60.430 |
Price($) | Vol. | No. |
---|---|---|
61.000 | 197 | 3 |
61.400 | 595 | 1 |
61.460 | 32 | 1 |
61.470 | 81 | 1 |
61.500 | 660 | 3 |
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