Its going to be ridiculous. Instead of 1 $25 XJO contract costing $810, it will now cost $8,100. This means you will be stopped out when you still have 90% of your money remaining in your account. So IMO, its not about protecting the client or the CFD provider with a margin, its about making CFD trading unworkable for retail traders. (The CFD providers will have their stop hunting robots running overtime to vacuum up everyone's money.) I suppose the ACCC is hoping that after you have been stopped out 10 times and have no money left, you will give up on trading CFDs.
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