Have been looking @ CFD's for awhile now am considering giving them a go.
I have beend looking at the main 4 providers,
IG, CMC, Macquarie and Man Finanacial
As far as resource stocks go, Macquarie requires a margin of between 10% - 45% (45% almost defeats the purpose of leverage), but are obviously secure because they are backed by Macquarie and offer DMA with some GSL and shorting,
CMC seem to be the most flexible ie very little margins required, huge leverage allowed (ie lose more ) Stop losses?
They creat their own market spread? so not DMA, I gather that this is bad as they will always construct the spread so that they win long term.
I really like the look of IG markets, Very low margins on resource stocks I like, much better thnn Macquarie and they allow GSL (with slight premiums)
How have people found IG Markets, especailly their L2 DMA System?
Don't know much about Man Financial
I would be interested to know how others are finding their CFD providers, how realiable is the software, how realiabe is the provider, how quickly do they transfer funds etc etc
Thanks in advance