This CFD Trading Guru blog is all about Trading CFDs, from CFD Providers offering the trading pit to punters game enough to have a go.
ASIC today released its latest six-monthly enforcement report, detailing outcomes achieved between 1 July 2014 and 31 December 2014.
ASIC achieved 348 enforcement outcomes. This included criminal as well as civil and administrative (e.g. banning or disqualification) actions, and negotiated outcomes, including enforceable undertakings.
From the IG site - Margin requirements for CFD positions with non-guaranteed stops are capped at the amount of margin for no stop (ie if the stop is wide then the calculations used may give a higher margin requirement than the calculation for no stop. If this happens then we limit the margin to the amount required for the same position with no stop).
Number of shares x share price x margin percentage
E.g. 1000 Vodafone shares at a price of £1.94:
1000 x 1.94 x 5% = £97 margin
(Margin for equivalent trade with no stop x slippage factor) + value per point* x stop distance
E.g. 1000 Vodafone shares at price of £1.94, with a non-guaranteed stop 3 points away:
(£97 x 30% + (£10 x 3) = £59.10 margin
* Note: 100 UK shares = £1 per point, 100 US shares = $1 per point, 100 Euro shares = €1 per point etc
Value per point x stop distance:
E.g. 1000 Vodafone shares at a price of 194, with a guaranteed stop 11 points away:
£10 x 11 = £110 margin