futures and real cost of dealing in cfd's I position trade the SPi futures contract.
Initial margin on 1 contract is $2200 which exposes you to approx. 100 K of XJO.
Bro in and out total is $40 plus $4 GST.
(less bro with more contracts)
My trading account pays about 1.5 % on funds in there.
So for about 5K (so u don't get margin call hassles) i can do 100K trade - long or short and it only costs me a TOTAL of $44.00
Seems ok to me ...
: )
(Apparently bro at I.B. is about $10 in and out total.)
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contracts for difference, page-68
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