CFDs and margin FX in Australia: what ASIC’s rules protect
Know the retail leverage caps and protections, and what they cannot stop.
Module 16 of 26, Fees, borrowed money, and who holds your crypto. Lesson 6 of 7, about 18 minutes.
The takeaway
Leverage caps and closeout rules protect you from losing more than you deposited, but they cannot protect you from the market moving against you.
This page is a public summary. The full lesson has the worked examples, an interactive exercise and a short quiz, and sits in the course. Lessons 1 and 2 of Module 1 are free and the rest need a pass.
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- Debt, gearing and who gets paid first
- Owning a coin versus a perpetual contract
- Working out your liquidation price before you open
- The full cost of a leveraged crypto trade, and the ‘free yield’ trap