will a cfd provider be the next shoe to drop, page-3

  1. 10,605 Posts.
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    In case the silence is because all you CFD users think its not an issue - my understanding is that should the provider go under any client (you) would become an unsecured creditor for the collateral used to secure your trading (not to mention any outstanding exposurers and debts you may also have with the provider via the positions you hold.).

    The ASX does not guarentee the clients of CFD issuers in any way especially not in the way it guarentees standard brokers clients.

    Thus CFD clients are in a smaller way just less sophisticated (and hopefully smaller value) versions of those currently being burnt in Opes.
 
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