Hey, what will happen if I have open CFD positions during Tesla stock split? Will the positions automatically close or will the positions be split?
Automatically the positions will be split if whole share, fractional shares not included in split.
Now needs to be confirmed as additional information is stated elsewhere!
I guess nothing. CFDs represent the underlying value. CFDs aren’t stocks. @Team212 could give the definitive answer on this.
Staff should answer the question or send a notification on the app because alot of people hold tesla and apple and dont know what will happen@staff
You are totally right.
There’s a ton of information in the community regarding a stocks-split & how we proceed with it.
what’s going to happen to my long position on tesla after the stock split? I don’t want to lose all my money because maybe it’s not well recognized by tue system.
There’s been an update so ignore the reply by staff to me 4 days ago… tesla will now receive shares if suitable within their fraction proportion.
example: 0.5 shares will receive, 2 tesla shares with 0.1 sold by T212. should you wish to sell your 0.1 you can.
There is a post titled Tesla Split in the forum, it has 256+ messages but if you start from the bottom and scroll up there is a message from staff with a table included.
Apologies in advance if you were aware, as i received a notification and forgot abut this post, i thought it best just to include everyone here.
This is about CFDs. CFDs don’t split. They keep the same value.
thank you @chantal i was told by staff i would receive 5 shares for every 1 share i held, and now told by you different.
stocks are not equal to CFDs
???’ what are you talkin about? CFDs follow real data price. How would that work if tesla doesnt split?
because the total of the splits is the same… 1 x $1000 or 5 x $200 is the same value. CFD contract represents a value, not an amount of shares.
@chantal did staff tell you that it wouldn’t be split?
go read Martins comment above and u will see it will split
it was martin and another staff member that told me it would split… but they also told me i wouldn’t receive fractional share lol FFS
David somewhere mentioned that CFD contracts won’t be split.
@chantal i’m yolo on tesla f*** it!
Martin is talking about shares, not CFD contracts.
no he is not, he is replaying to comment made in a thread called “CFD stock split”