Did the minimum number of contracts for the ASX 200 and ASX 200 cash on commsec CFDs increase 100 times from 0.01 to 1 contracts? I opened a demo account yesterday and noticed this change.
I played with commsec demo account couple of months ago and you could play with as little upside exposure as $1250 AUD on a 5000 point index with each pip priced at $25. Now, with minimum contract size your minimum exposure is 1.25 million AUD. IG markets still seems to allow minimum contract size of 0.05.
http://www.ig.com/au/ig-indices/australia-200
This looks like a very greedy and dangerous move. Can someone with a commsec CFD account confirm the change?
Thanks in advance!
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Commsec CFD and ASX 200 minimum contracts
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