CFD brokers compares the best CFD providers in Australia.
Pulling no punches, we tell you what you need to know about CFD trading with a CFD broker. There is a lot to know.
CFD brokers won't tell you how difficult it is.
They're too busy spending YOUR commissions.
CFD brokers and newsletters try to make it sound easy, but in all likelihood, YOU have a better chance of beating a casino.
The reality is, like casino patrons, CFD traders typically lose.
The CFD providers are the biggest winners.
It's far more difficult to succeed than you might have imagined.
CFD Providers Compared
CFD Brokers - Who Are They ?
CFD Providers And The ATO Blunder
CFD Brokers - Who Are They ?
Exactly who are these companies, these CFD brokers ?
How safe is your money with them ?
Many CFD brokers have parent companies based offshore.
Can the offshore based parent companies of these CFD providers be relied upon to bail out the Australian subsidiaries should something go wrong ?
Remember, price making CFD brokers are risk takers, so the chance of something going wrong exists.
How diligent is the regulation and supervision of CFD brokers ?
The answers to these questions are NOT clear.
It is therefore prudent to rule out CFD brokers who are small, as well as those with parent companies based offshore.
Following that test, you are not left with many to choose from.
CFD Trading - The Tax Office Blunder
In the best selling book "The Richest Man In Babylon" it is revealed that Babylon became rich because the King encouraged the citizens to invest wisely.
By giving the green light for self managed super funds to use CFDs, the Australian Tax Office is driving the opposite effect.
It's difficult to see the ATO decision as anything but misguided.
It could be argued that the move is akin to giving SMSFs the green light to gamble in casinos.
CFD brokers are loving it, but Australia will pay a price.
For a plethora of reasons, it is NOT in the best interests of our nation for SMSFs to be trading stocks with CFD brokers.
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The CFD Group compares Australia's biggest CFD providers in our CFD broker guide. We also provide FREE education for CFD traders.
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