With IG Markets who are offering 15% on CMR. ie on $10k's worth have to cover $1,500. See www.igmarkets.com.au
Comission is cheap, .1% on total amount.. ie) purchase 10,000 CMR at $4.02 commission would be $40.20. Same when sold, sell 10,000 @ $5.00 commission of $50.00.
Guaranteed stops max & min, have to pay extra .3% transaction for this though. Definitely worth it. As for what stop I'll put on, haven't bought yet, probably 5% min and will let the max ride out. Its my first go at it so I'll be quite cautious and start out with only 2-3,000.
Will be waiting for depth to build, last 2 weeks have been interesting, will wait till things settle a tad, but love the leverage and of course it's allin the timing.
Cheers..TCG
CMR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
