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CFD Trading | Free Demo account

CFDs (Contracts for Difference) are derivatives that allow you to trade an underlying asset, without having to purchase that asset. A CFD is an agreement to exchange the difference in the value of an asset from the time the contract is opened until the time at which it’s closed.


Trading CFDs

You can trade CFDs, long or short, to speculate on price movement or you can utilise CFDs to hedge an existing portfolio. Global Prime offers clients the ability to trade Index and Commodity CFDs via MT4 and FIX API.

Benefits

  • Access to major Share Indices* including the ASX200, Nasdaq 100, and S&P 500
  • Access WTI and Brent pricing based on front month futures contracts^ and benefit from lower swap fees compared to spot, non-expiry and greater pricing transparency
  • Ability to speculate long / short or hedge existing positions

*Index CFDs are cash instruments and subject to daily rollover fees. 3 day CFD financing is applied to open positions on Friday to cover the weekend (as opposed to 3 day FX swaps applied on Wednesday rollover).
^Front month futures contracts are rolled over automatically on a daily basis.

Margin requirements and trading times

Instrument Name

Symbol

Margin Requirement

Trading Hours – GMT+3

ASX 200

AUS200

1%

01:50 – 08:30, 9:10 – 23:00

Nikkei 225

JPN225

1%

02:00 – 23:15

Hang Seng Index

HK50

1%

04:15 – 07:00, 08:00 – 11:15

Euro Stoxx 50

EUSTX50

1%

10:00 – 24:00 (23.45 Friday)

CAC 40

FRA40

1%

10:00 – 24:00 (23.45 Friday)

DAX 30

GER30

1%

10:00 – 24:00 (23.45 Friday)

FTSE 100

UK100

1%

10:00 – 24:00 (23.45 Friday)

DJ 30

US30

1%

01:00 – 23:15, 23:30 - 24:00 (23.15 Friday)

NASDAQ 100

NAS100

1%

01:00 – 23:15, 23:30 - 24:00 (23.15 Friday)

S&P 500

US500

1%

01:00 – 23:15, 23:30 - 24:00 (23.15 Friday)

US Crude Oil

XTIUSD

1%

01:00 – 24:00 (23:15 Friday)

Brent Crude Oil

UKOIL

1%

03:05 – 24:00 01:00 (23.15 Friday)


Risks associated with trading CFDs

CFDs are a leveraged financial product, which allows you to trade larger volumes than your deposit balance would otherwise allow. Similar to trading Forex, clients are required to deposit an initial margin in order to open a CFD contract.

While this can magnify your returns, it also means your losses could be magnified such that you could lose more than the total capital you deposited. As such, clients need to manage their margins when placing and maintaining CFD orders.

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