Commsec CFD and ASX 200 minimum contracts

  1. rvm
    992 Posts.
    Did the minimum number of contracts for the ASX 200 and ASX 200 cash on commsec CFDs increase 100 times from 0.01 to 1 contracts? I opened a demo account yesterday and noticed this change.

    I played with commsec demo account couple of months ago and you could play with as little upside exposure as $1250 AUD on a 5000 point index with each pip priced at $25. Now, with minimum contract size your minimum exposure is 1.25 million AUD. IG markets still seems to allow minimum contract size of 0.05.

    http://www.ig.com/au/ig-indices/australia-200

    This looks like a very greedy and dangerous move. Can someone with a commsec CFD account confirm the change?

    Thanks in advance!
    Last edited by rvm: 10/02/16
 
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