I would avoid any cfd provide who supplies garanteed stop losses.
From what i've searched through google on these, then you need to use a MM platform to get garanteed stop loss, but, they can spike the SP on their synthetic market to deliberately stop you out, if they think it will be in their favor. They are in effect bookies, and manipulating the market. There have been cases where the actual highs and lows of the real market, were infact outside you stop, yet, they manipulate a spike to stop you out.
eg If I stop loss at 20.00 but the market traded from 21.50 to 20.75, they can still trigger and dump you out.
So, if I can only rely apon the standard stops, i'll go with a broker who takes a commision, only, and in their interest if i make money, to keep making money.
Further to DMA (direct market access) brokers, I have almost settled on First Prudential, who allow trailing stop losses, and they allow you to buy equities or cfds from the one platform. I dont need the 5000 usual start up dollars, i can simply slip some of my stocks from comsec over to them, transfer to a new HIN number on selected stocks, then, of these, convert them to CFD. This generates free equity from the these stocks, and then attracts either long or short interest.
They can at a later time, just slip them back into equities, after i have dealed a profit, and more spare equity.
Bluechips, exceptional leverage.
CBA -2% NAB -2% ANZ - 2% BHP -3% WBC -3%
SGB -5% WPL -5% STO -5% BEN -10%
PDN -15%
Not as generous on the lower caps, but gives the impression of a conservative broker, not cowboys.
DYL 35% MAK 55% UMC 55% BMN 50%
Their commsion is 0.1% whether you internet or place order by phone.
