[kimchi]

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the NTR spread is 5% (what does this mean?).



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NTR is the Notional Trading Requirement. It has nothing to do with the spead. An NTR of 5% means that you have to deposit 5% of your position total.

5% NTR is effectively 20x leverage. The NTR of a market tends to increase/decrease as the market's volatility increases/decreases.

If you bought a single contract of gold (100oz) that would be about $65000 - $70000 market exposure. You only need to deposit 5% of that into your TDWH account. Not sure what the contract sizes for CFDs and spreadbets are. I assume spreadbets are £1 per cent (or $?) and CFDs are each probably worth an ounce of gold.

Remember that financing can become expensive if you hold a (long) position for more than a month or 2, and it is charged against your market exposure, not your margin deposit.

As for risk. You have $100k account. If I were you I'd place a stop-loss at a sensible position below the market. If that stop-less were to hit, I would only lose $1000. You can then work backwards and decide how many CFDs you can afford when only risking 1% of your account.

It doesn't matter if you have 100 or 1000 x leverage if you manage your risk properly.