Hows it going folks? Having been waiting on a reply from support for a bank withdrawal I decided to throw the funds into CFD mode for a quick turn.
I dont want to sound like a broken record with the spreads but, they are horrific!! Almost a £30 spread on an Indice? Bit much in my opinion and crippling any chance of getting out with money for a bottle of wine.
The main reason for this post is this, I am sure you all have seen the message we got from system;
CFDs on Stocks in Close Only Mode
We’ve temporarily placed restrictions on the ability to open new BUY positions with all CFDs on stocks. This adjustment will not affect existing positions in any way, they can be closed or reduced.
Trading without restrictions is still possible through our Invest & ISA service.
Are Indices classed as Stocks? I only had the option to short which I found very one sided. I know the company is going through whatever and need to hedge their risks etc but, is there actually a point to this? Would it not be better to put a 30 day max hold on shares to reduce the numbers of longs?
Some stocks that are ripe for a short can’t even be shorted!!