london disallowed, page-6

re: deal 4 free gday all,

Talked to Etrade in London yeasterday and they
have also launced a CFD trading platform...
sounds very interesting....
You can borrow up to 5 times of your bank and
they charge 6.25% per day...
Apparently it has beacome very popular way of
trading overhere and that might explain some of
the huge swings f.ex BHP intraday price movement,
all that short covering ....

The advantage in CFD (Contract for difference) trading
is that there is no stamp duty which is 0.5%, only flat
9.75 Pound brokerage....

ANyhow, I would expect that you are able to trade
CFD's over there down under as well very soon if not
already through Etrade...

Can not see much of a difference to warrants etc. in
CFD.....

Anyhow....good trading all

Cheers