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IT TAKES LESS THAN FIVE MINUTES TO APPLY FOR A CFD TRADING ACCOUNT
With CFD trading you speculate on whether the price of a share, or the value of an index, currency or other financial assets will go up or down. This gives you the opportunity to potentially trade on both rising and falling markets, making a profit if you’re right, or a loss if you’re wrong.
What makes CFD trading really attractive is that you don’t have the same major financial outlay that you would have if you actually bought the financial asset you’re speculating on. The price you pay depends on the margin, which is generally a fraction of the value of the asset.
At Spread Co Global Markets we like to offer competitive margins for CFDs, starting at just 3.33% for forex and 20% for major equities. Coupled with 0% financing on short index positions, it makes Spread Co Global Markets hard to beat.
YOU BUY A SET NUMBER OF SHARE CFD’S FROM A CFD PROVIDER
IF THE SHARES HAVE INCREASED IN VALUE,YOU TAKE THE DIFFERENCE
THEN SELL THE SHARE CFD BACK AT A LATER DATE
IF THE SHARES LOSE VALUE, YOU INCUR THE DIFFERENCE AS LOSS
To trade CFDs, you’ll first need to set up a CFD trading account. You can do so in a matter of minutes, and once approved, you can then fund your account and start trading using an online trading platform. This is where you’ll see all the available markets, as well as view the prices for each contract.
We set prices based on the underlying market. For most markets, you are given a ‘buy’ and ‘sell’ price either side of the underlying market price. For equities, you will also need to pay a commission charge on top of this. You can take a position on a market going up
| Differences | CFD | Share |
|---|---|---|
| Ownership | You don’t own the shares | You own the shares |
| Cost | You only have to stake a proportion of the position value to place a CFD trade | You only have to stake a proportion of the position value to place a CFD trade |
| Market Risk | You can trade on both rising and falling markets | You can only gain if the share price rises |
| Commission | No additional commission (fees included within the spread) | There may be broker commission to pay |
| Stamp Duty | No | Yes |
At Spread Co Global Markets, our CFD trading account is easy to open and easy to manage – and there’s no joining or inactivity fees.
Spread Co Global Markets Limited. Registered Office Address: 89 Nexus Way, Camana Bay, Grand Cayman KY1-9009. Registered in Cayman Islands. Registered No: 345284. Authorised and regulated by the Cayman Islands Monetary Authority, License No: 1522673.
© Copyrights 2020 Spread Co Global Markets Limited
Contracts for difference carry a high degree of risk to your capital and it is possible to lose more than your initial deposit. These products may not be suitable for everyone, so please ensure you fully understand the risks involved and seek independent advice if necessary..