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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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 62 | $64.73 |
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View Market Depth
No. | Vol. | Price($) |
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5 | 62 | 64.730 |
6 | 122 | 64.720 |
2 | 75 | 64.710 |
7 | 174 | 64.700 |
4 | 253 | 64.690 |
Price($) | Vol. | No. |
---|---|---|
64.760 | 131 | 11 |
64.770 | 118 | 5 |
64.780 | 100 | 3 |
64.790 | 217 | 3 |
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