Frequently Asked Questions
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What is the difference between Forex CFD trading and traditional currency exchange?
In traditional currency exchange you physically buy the currency. With Forex CFDs you trade on the price difference between two currencies without owning them, which also lets you open a sell position when you expect the price to fall.
How do leverage and margin work, and what are the risks?
Leverage lets you open a larger position by depositing only part of its value as margin. It magnifies losses just as much as gains, and if your margin becomes insufficient your positions may be closed automatically.
Which markets other than forex can I trade as CFDs?
You can also trade CFDs on indices, precious metals, energy commodities, shares and cryptocurrencies. See all markets on our Trading page.
How are trading costs calculated for CFDs?
Trading costs consist of the spread (the difference between bid and ask), any commission that applies to your account type, and swap charges if you keep a position open overnight.
How long does it take to open an account?
You can complete the registration form in a few minutes. Your account becomes active once your verification documents have been reviewed.
How do deposits and withdrawals work?
You can deposit by bank transfer and other methods, and request withdrawals, from the Funds section of the client area.
What is the difference between a demo and a live account?
A demo account lets you practise risk-free with virtual funds under real market conditions. On a live account you trade with real money and there is a risk of loss.