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Trading ASX penny stocks with CFDs or similar

Discussion in 'ASX Stock Chat' started by swisadv, Jan 4, 2018.

  1. swisadv

    swisadv

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    Hi;

    I'm new to the forum so glad to be part of the trading environment.

    My questions is:

    Is it possible to Trade ASX penny stocks (basically any equities below 30c prices) with DMA CFDs or any other similar instruments?

    If so how and with whom?
    Is it possible to obtain 10 - 20% Margins on these?

    Thank you in advance for your assistance!
     
  2. dutchie

    dutchie

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    Hi swisadv
    Welcome to ASF
    1. You will need to see what each CFD provider has on their Margin Table
    2. It is unlikely that you will get 10-20% margin on penny stocks.
    3. If a penny stock is in the list in "1." the margin is likely to be 100%
    4. Check out IG Markets as per advertising banner or FP Markets for DMA
     
    swisadv likes this.
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