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$0 Commission on Share CFDs (e.g. APT, CBA, APPL, TSLA) @ Vantage FX

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$0 Commission on Share CFDs (e.g. APT, CBA, APPL, TSLA) @ Vantage FX
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LBigBoySaver on 01/02/2021 - 18:00 vantagefx.com.au (91 clicks)
Last edited 01/02/2021 - 18:51

Long time lurker, full time frugal.

Just received an email in the morning from one of my Australian brokers (Vantage FX) about their $0 commission on all their share CFDs (AU, US, UK, EU) – sadly no $GME/$AMC/$NOK ☹.

To do my justice and DD for my OzBargainers – please remember that that this is a CFD so there’s leverage involved (IIRC up to 20:1).

More info about the promo here.

Zero-Commission on Share CFDs is available for a limited time only, 01 Feb 2021 to 21 Feb 2021. Please note that after this promotional period, regular commissions will apply from as little as A$6.

Much love.

BBS

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closed Comments

  • jcon on 01/02/2021 - 18:00
    +12

    No GME, no deal.

    • Steakz on 01/02/2021 - 18:27
      +2

      💎🤲🚀🌑

  • congo on 01/02/2021 - 18:06

    How to trade US shares?
    Oz shares move too little…

    • Steptoe on 01/02/2021 - 18:10

      STAKE or a number of others. Using a referral code will get you a free share, probably NIKE.

      https://www.ozbargain.com.au/deals/stake.com.au

      • scatman00 on 01/02/2021 - 19:20
        +5

        *probably gopro

        • Steptoe on 01/02/2021 - 22:48

          Oh yeah, my bad. The cheapest one.

      • Ameowzon on 01/02/2021 - 19:29
        +1

        I'm using STAKE too but it crashed on Thu and Fri US mornings. I failed to buy or sell. It was really bad. Hopefully they are prepared for tonight's onslaught!

        • Steptoe on 01/02/2021 - 22:49
          -2

          Blame WSB

      • congo on 03/02/2021 - 08:31

        Anything else?
        Stake doesn't have good reviews…

    • ausmechkeyboards on 01/02/2021 - 18:11

      If you feel that the ASX moves too little then go long on $SLC and strap yourself in for a wild ride

  • Whomastadon on 01/02/2021 - 18:07

    edit

  • Haters.Inc on 01/02/2021 - 18:14
    +1

    "this is a CFD so there’s leverage involved (IIRC 20:1)"

    CFDs have different leverage ratios for different stocks/asset classes. It's not a blanket set ratio for everything.

    • BigBoySaver on 01/02/2021 - 18:52

      Good point, forgot to mention it was up to 20:1 sorry :).

  • Alialh on 01/02/2021 - 18:31

    CFDs definitely aren’t the way to go for new investors
    But if cfds are your thing then sure
    Be wary of holding charges etc

  • neilpatrickharris on 01/02/2021 - 19:28
    +5

    Warning to unsophisticated investors: Do not trade CFDs!!!!!!!!

    90% of people trading CFDs lose money. When your position goes up you keep thinking let it ride and I'll make some more money but don't cash in.

    When your position is down you keep thinking it'll bounce back up though your position may get closed out because of the leverage.

    CFD providers used to be able to offer cash incentives for joining but I believe regulation has thankfully banned that now.

    Stick with stocks to build wealth. I have friends that learned the hard way.

    • congo on 03/02/2021 - 08:33

      I have to agree. I would just buy blue chip stocks.

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