$BTC | Square is trending Apple's mixed earnings print, and on the desk that headline matters less than a choice every Australian holding US stocks faces: own the share or trade the CFD. SatoshiMacro's US-stocks guide puts a number on it: US dividend withholding runs 30 percent by default, cut to 15 once the W-8BEN treaty form is lodged. CFDs skip that line only because you never own the share. The real direct-ownership cost is the AUD/USD conversion, commonly 0.5 to 1 percent each way. That gap is real money. ASIC's April 2021 order still caps retail share CFD leverage at 5:1. My read: pick on holding period, since 70 to 85 percent of retail CFD accounts lose money regardless.
https://satoshimacro.com/guides/forex/trade-us-stocks-australia/?utm_source=binance_square&utm_medium=social&utm_campaign=autopilot_trend
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