"So if $23000 was bought on the margin (approx 25000 shares) without sounding ignorant,money being borrowed to pay for these, without any multipe leveraging then that, $23000 must surely be the loss at most. "
Hopefully that is the case only put down $2300 for approx 25000 shares. My experience with CFD's from years ago was my account was cleaned out - too much like gambling for me
fge cfds, page-21
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