Hi everyone, I currently spread bet with Deal 4 free and it has been brought to my attention that you can trade the same dow with a 1 point spread and $7 per round turn. Does anyone have more info on this and can anyone suggest a decent broker who gives this service.
Excuse me for my ignorance, but how much buying power does interactive brokers give you?
Some CFD Companies, let you trade the Mini-Dow with a 5pt spread, and give you the ability to buy $10594 (current Mini-Dow Price) with only $500. That means you can buy about 10 shares (in this case $50/pt) with only $5000 in your account. Of course you gotta have more cash on your account to cover your losses.
I am sorry I got a little out of topic, I guess my question still remains, how much buying power does IB give you?