Its going to be ridiculous. Instead of 1 $25 XJO contract costing $810, it will now cost $8,100. This means you will be stopped out when you still have 90% of your money remaining in your account. So IMO, its not about protecting the client or the CFD provider with a margin, its about making CFD trading unworkable for retail traders. (The CFD providers will have their stop hunting robots running overtime to vacuum up everyone's money.) I suppose the ACCC is hoping that after you have been stopped out 10 times and have no money left, you will give up on trading CFDs.
Its going to be ridiculous. Instead of 1 $25 XJO contract...
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Last
8,109.9 |
Change
18.000(0.22%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,091.8 | 8,116.9 | 8,041.3 |
| XJO (ASX) Chart |