I am not opposed to equity CFDs in principle, as long as they are "direct access" i.e. non-bucketing or "fully hedged". However, the wall that I keep coming up against is the financing rates. From my investigations the best that seems to be on offer is LIBOR +/- 2.0%. A spread of 400 basis points is just taking the mickey IMHO.
Does anyone know of a direct access provider offering better rates than this? Or do we have to wait until competitive pressures and lessening punter ignorance have the desired effect?
Does anyone know of a direct access provider offering better rates than this? Or do we have to wait until competitive pressures and lessening punter ignorance have the desired effect?
