Some people wrote that CFD providers who are actually dealing as a market maker are taking a position against you.
I don't think that is entirely accurate - they just take a spread from the underlying market so they can hedge your position. Same as options/warrants - see the ASX orange book.
I see that marketech have interest rates +/- 1 % overnight rate, and the spread is claimed to be .1% (each side) unless they feel like screwing you over. $10 asx trade for less than $10k position. Free otherwise for asx (i think).
The only thing that annoys me is that you do not get interest on your $5k minimum account - though I guess this is your payment of $250 per annum for the software and market feeds.
Sounds like a good deal to me, and no I don't work for them. Comments?
