will a cfd provider be the next shoe to drop, page-6

  1. 645 Posts.
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    To Chris - Regarding the cash account being an unsecured loan to BellFinancial Group: Surely not the cash account for every CFD provider.

    I use commsec for my cfd trading and they are red hot when you go into a Margin Call position. Phone call on the day it happens and they can (and do) sell your CFD's out from under you intraday if you go too far into margin call.

    Not sure what other people's experiences with their CFD providers is like but I feel pretty safe that CBA is not going to go through the hoop.

    I wouldn't go through a smaller broker for CFD's, especially in the current climate.

    cheers
    toscanunan

    ps My performance so far with CFD's has been nothing short of dismal, lost a bomb. I have a real job so I can't sit and watch all day and they are just too volatile if something happens. I'm steering clear of them now, except for the occaisional dip on the XJO when I'm certain of the direction.
 
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