Is the attraction to trading CFD's the fact that they can cover...

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    Is the attraction to trading CFD's the fact that they can cover so many different types of markets and also allow you to short any of these assets allot more easily than actually shorting the physical stocks themselves?

    Also, I hear allot about using Direct Market Access (DMA) access brokers for trading CFD's but the fees tend to be higher due to the fact that you have direct access to the exchange you are trading and the broker is not getting the spread they would on non DMA CFD's. So if this tends to cost you more, wouldn't it be better to use non-DMA brokers who don't take a horrendously large spread (from the actual underlying price)? After all, if the broker provides the software and you are trading what you are seeing, then what's the issue with that?

    If the above is the case, who provides the best value for non-DMA CFD trading in Australia?Or...are there compelling reasons why I should look for DMA CFD brokers?Thanks
 
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