borrowing costs for shorting share cfds, page-2

  1. 954 Posts.
    I use comsec, effectively IG markets.
    If you short you get interest on the amount shorted at 1.5% BUT have to pay interest eg dividends franking credits etc. If you short the index it is similar but based on the top 200 generally you make a few dollars shorting the index. If a stock does a capital return you are responsible.
    There is a great tutorial on ASX.
    Good luck shorting is difficult I am about $40 000 down in 2 months but you have to be in during the crash shorting is much more difficult than going long the profits are sudden eg 1 day whereas long is more gradual.
    Not for the fain hearted.
 
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