With our CFDs you get transparent pricing on the markets we cover - including forex, shares, indices - in a flexible alternative to conventional trading.
Like conventional trading, if you think a market will rise, you buy at the higher of the two prices, the offer price. If you think it will fall, you sell at the lower bid price.
Unlike conventional trading, your position is a contract - you never own the asset you are trading - and your initial deposit is a fraction of your exposure to profit or loss.
How it works
To open a CFD or forex trade on our PureDeal platform, you follow these steps:
Quick Guide to FX/CFD Trading
Select your market, for example
EUR/USD, Singapore Blue Chip or Spot Gold
Quick Guide to FX/CFD Trading
Decide whether you think the market will rise or fall – ‘buy’ at the
upper end of the quote if you feel the market will rise; or ‘sell’ at the
lower end of our quote if you believe the market will fall.
This a simplified summary of how to trade CFDs, and there are other factors to consider, not least taking measures to help place a cap on any potential loss you could make - see 'Learn about risk' below. Before you begin, you can also take steps to become better informed about CFD and forex markets.
In addition, our examples provide more detail to help demonstrate how CFD and forex trading works in practice.
Risks in trading CFDs
It is important to understand the risks involved before you begin. This is because CFDs are leveraged products which can result in losses which exceed your initial outlay. Find out more about the types of risk and how you can use effective risk management tools to help manage them. Or if you're ready to start trading CFDs now, you can open an account with no minimum balance.
