Recent content by MarkMetz

CFD platforms always just widen the spread that the official futures market is quoting. eg Aussie SPI is quoted a 2 point spread on the SFE, but IG quote a 5 point spread. At $25 per point that is an additional $75 per trade per contract. So much for commission free. (see attached showing SFE...

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam? But in this case the margin risk is the same because you are borrowing $400,000 (you dont get interest on your deposit with IG, I think). The risk is BHP going from $40 to $36. If BHP goes to $36, IG will want at least another 5%...

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam? The strategy is all about brokerage. Buying $400,000 stock on $36,000 margin means you have to pay brokerage on $400,000 of stock plus IG charge borrowing cost on the value of the stock on a daily basis. Plus commission or spread on the...