I hold Scottish Mortgage Trust (SMT) in the Invest section.
I wanted to use the CFD side to hedge my investment if things go south again so I swapped over to CFD to check out SMT and do a few practice trades.
However I was just looking at the spread… it’s too wide. I double checked IG to see what they’re offering:
Is this due to the feed providers or what? I know spreads are wide if there’s low volume, but does IG get more accurate data?
All my trading is done in the T212 universe and I’d like to keep it that way, but why would I use T212 to hedge if I get better value elsewhere? I know the spread is only a matter of pence, and T212 has to make money from the spread which I don’t mind paying, but let’s put it this way: it’s 550% higher on T212.
I have marked the buy price and sell price below. It’s basically this mornings open price vs current price.
Am I being unreasonable or is this spread just too wide?