Trade thousands of CFD instruments, with competitive spreads and margins on forex, indices, metals, commodities, and cryptocurrencies.
The foreign exchange market (FX) as a whole, consists of many types of markets, including Spot FX, Future derivatives, Forward Derivatives, and finally the CFD derivatives market, which is the most popular for retail clients. All forex trading transactions combined make up the largest and most liquid financial market, with an average daily volume of over $5 trillion.
Unlike other financial markets like the ASX or the New York Stock Exchange, the forex market is considered an Over-the-Counter (OTC) or “Interbank” market. This means that the entire market is run electronically, within a network of banks, continuously over a 24-hour period.
Forex is always traded in currency pairs, for example EUR/USD. The first currency (EUR) is called the ‘base currency’. The second currency (USD) is known as the ‘counter currency’. The way currencies are displayed shows us how many units of the counter currency you can buy with one unit of the base currency. This is the exchange rate, or in other words, how many US dollars you can buy for one euro.
The trading of precious metals remains a popular market for traders across the globe.
Gold has always been highly desired and valued by people since the early days of civilisation. Though the precious metal has ceased to service its purpose as a currency, due to its intrinsic qualities, they are still sort out by investors to hold in their portfolios.
Silver is often referred to as a poor man’s gold. Due to its properties, they are widely used in jewelry, consumer products and in the medical field. Thus, the price movements of silver are heavily influenced by the demand and supply.
Whether for hedging purposes or as a standalone trade, trading index CFD’s enables you to trade the movement of the underlying asset’s price without buying the futures contract. Index trading is the perfect entree if you are making the move from share trading to derivatives, as you trade what you know but differently.
Commodities CFD trading is a popular way to speculate on the financial markets. The origins of commodities trading can be traced back to Asia hundreds of years ago. Commodities are mostly traded in two forms – cash and forward – with the settlement (or delivery) dates being the main difference between the two. Cash settled commodities have a settlement date that is usually in the near future, while forward commodities usually settle further in the future and therefore, tend to have wider spreads.
Trading commodities offers new and professional traders a more traditional trading format in the economic sector. With options for trading both soft and hard commodities, commodity trading differs from FX as it involves the trading of physical goods while still providing the opportunity for trading.
Trade CFDs on popular cryptocurrencies, including bitcoin, ethereum, litecoin and ripple, as well as our unique range of crypto indices.
Cryptocurrency CFDs are extremely high-risk speculative products. The volatility of cryptocurrencies combined with leverage could lead to significant losses.
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