Of course I can't prove what I've written, Im just comparing the two business models.
- Cheap Brokerage - LVR at 50% at worst case - Flagging clients for outgoing money transfers - And they are not bank accounts ie they carry the same financial/business risks (if not more) than Opes Prime. - And if their liquidity drops to a certain level, they will probably have the same fate as Opes Prime no matter how big/small they have become.
To prove I'm correct/incorrect I would like to see if CFD providers are using the shares that we purchase (and do not own) as collateral for other financing activities.
I think public disclosure from all CFD providers is necessary right now.
Disclaimer: Ive closed out and transferred the cash out of my CFD account (and got flagged for doing this).
ASX Price at posting:
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