D4F max trade size

[dragan67]

Hi All,

What is max trading size for SP500 index CFD?
Can I trading SPX500 or DOW index -$1000 point
using D4Free?
Thank you
Dragan

 

[adrianallen99]

Would you not be better to use DAT (direct access trading) if you are trading these amount. Although I imagine you could trade $1000 a point.

 

[al-motor]

i think the max size with D4f ( and others ) is £500 per point............


Al

 

[adrianallen99]

I think CFD's work differently from Spreadbetting. You tend to need a lot more money to trade these and according to IG the average bet/trade is £10,000 - £20,000. That on a 5% margin is £200,000 to £400,000 worth of shares. Which for someone like vodaphone would buy you more the £1,000 a point. Never traded these, so I could be completely wrong. Best bet is just to phone them up and ask them. Not sure how it works with indices.

 

[adrianallen99]

On there website it says this.

What is the minimum and maximum trade size I can transact with CMC?

The minimum trade size is one whole Share and there is no maximum trade size. The maximum position allowed will be subject to margin requirements.

 

[JonnyT]

Oh and don't forget if you trade more than £10 per point or equivalent on the DOW you may have to trade via telephone...

JonnyT