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Which broker is best to trade CFD
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Kippei
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16-May-2011 12:32
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I using Igmarket DMA  | ||||
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TradeChancellor
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16-May-2011 08:23
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thanx, i intend to switch from normal margin to CFD. The good thing about CFD is higher leverage and  the option  to short. However, one downside about this instrument is the interest charge. For example for normal margin, if u buy 100k of stocks and you have 50k of cash, u pay interest for 50k only. However for CFD, if u buy 100k and even if u have 50k of cash in the acct, u have to pay interest of the full100k, that is, regardless of the amount of deposit u have. | ||||
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tanglinboy
Elite |
16-May-2011 07:20
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Saxo is quite user friendly. It is also stable. | ||||
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TradeChancellor
Veteran |
16-May-2011 00:47
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which is the most user friendly  platform? | ||||
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tanglinboy
Elite |
14-May-2011 18:38
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Use Saxobank | ||||
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Juzztrade
Veteran |
14-May-2011 16:30
Yells: "Techincal and long term investor" |
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Smart Trading... CFDs for  trade in volatile markets Up you make... Down you make What are you waiting for? |
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bentleywatson
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14-May-2011 15:26
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I know one of the CFD brokers.I am not a CFD trader.But during surfing in the net,i found the information about this broker.It is best CFD broker of IG market.this market has branches in mamy countries.You can consult to them to get more information. ________________________ For more information Visit: CFD and CFD Provider |
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iPunter
Supreme |
27-Dec-2008 16:37
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CFD is the best thing ever invented in the stock market... hehehe... | ||||
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moneytalk.sg
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26-Dec-2008 15:38
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CMC has been conducting seminars on CFD indeed. Occasionally, it conducts technical analysis courses and invites traders to teach. I have not attended any of these personally though. Blogging at moneytalk.sg on the stock market, ETF and anything to do with money. |
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derricktan
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26-Dec-2008 15:12
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Personally i have tried 3 CFD providemely (1) Poems (2) CMC Markets (3) City Index and I like CMC best, rate is good, 10x leverage, and if you trade overseas markets such as HK and US..more counters (especially for SHORTING). Poems is good in term of no of SG counters they have but when the market is bearish ..they will allow many counters to be LONG only unlike CMC. Cityindex is quite limited in their offering of stocks now. I have friend who told me SAXO is good too.. You can check out more like LIM&TAN, KIM ENG, SAXO, IG Markets..etc. I think CMC and SAXO, Phillips have been conducting seminars on CFD. Wish all of you a pleasant weekend. |
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crimson
Senior |
26-Dec-2008 14:45
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Typo... should be instead of 5x leverage, only getting 4x leverage due to 25% margin requirement.
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crimson
Senior |
26-Dec-2008 14:36
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For Philip's CFD, some counter's margin is 20%, some are higher at 25%, which means instead of 5x margin, will instead be getting 4x. Another downside which i dun like is that Philip imposed "Limited Short Sell" quantity for counters, where some counters seems perpretually Long-only, and some counters will be marked as Long-only when the amount of short-selling crosses Philip's safety treshold. Anyone can advise whether does other CFD imposes similiar limits as above?
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tinpeng
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25-Dec-2008 12:49
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Hi, I am not too sure about it. Some stocks can leverage 4x some 5x. I suggest u go to this website and try it out http://www.phillipcfd.com/margincall.html
Regards
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tinpeng
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25-Dec-2008 12:26
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Hi, Leverage is a double edged sword. Anyway everyone takes their own risk. At the end of the day, you should be responsible for your own Profit and Loss. Leverage is more for more sophiscated traders and experienced traders/investors not for anyone inexperience to play with. If any of you are interested to receive daily brokerage reports from local and foreign houses, please email me at tplim1975@gmail.com.
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freeme
Elite |
25-Dec-2008 12:22
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for philips cfd, call margin is when it hit 20% of your laid out capital? | ||||
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moneytalk.sg
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24-Dec-2008 22:45
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I believe some of the foreign CFD providers allows 10x leverage. Blogging at moneytalk.sg on the stock market, ETF and anything to do with money. |
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freeme
Elite |
24-Dec-2008 18:24
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I take a look at IG market, they seems to be able to trade on more markets..
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tinpeng
Member |
24-Dec-2008 17:31
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Hi, Covered Put and Call Warrants are priced at a premium. Everyday, the value/price of the warrant drops as the day towards the maturity nears. This is the hidden cost which can be to be higher than financing cost when you trade CFD. The leverage cost can be quite high. Anyway from Jan 1 till Mar 31 2009, first 7 days zero financing cost for trading Phillip CFD. Hence its better to find out more before you start trading. If you have further queries, please email me at tplim1975@gmail.com Regards
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iPunter
Supreme |
24-Dec-2008 17:25
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Warrants also command a premium, which is also a cost... And they can also turn 'rotten... ' |
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idesa168
Elite |
24-Dec-2008 15:59
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People felt that a counter might drop so uses CFD to short. Just wonder why not punt in PUT warrant if you feel it will be dropping, and you do not need to pay extra for the CFD usage. | ||||
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