Regarding CFDs......if you use anyone OTHER THAN ManFinancial you are simply a client trading against the Market Maker. For example, C## is a Market Maker and you will be BOTH THEIR CLIENT and TRADING AGAINST THEM!
Wake up and smell the roses. If you trade against them, then YOU WILL BE their source of INCOME!!! As a client of Man Financial, YOU BECOME the Market Maker rather than the stooge trading against the Market Maker.
For example, if you go short on AGL in the coming week as it continues to fall to around $12, C## as the Market Maker, is free to offer you to close out your PUT/SHORT trade at say, $12.15 or $12.20, even though, on the REAL ASX market, AGL shares are going for $12!!!!! They will take 15 or 20c per share OFF you in an attempt to LESSEN THEIR LOSS, because your short trade was against them and NOT the ASX market.
This DOES NOT HAPPEN with Man Financial.
NB: 1. I have had to use C## as a symbol for poor CFD providers for legal reasons. 2. If you do not understand this post or the AGL example used, then you should not be trading CFDs.
