Available CFDs positions and orders
What's available to trade with CFDs?
Currently, you can open a position in stocks, indices, and commodities. We plan to expand our offerings in the future to cover a wider range of underlying assets and investment currencies. Stay tuned!
Can I open long and short positions with CFDs?
CFDs offer the ability to invest in either rising or falling markets. If you aim to invest in an asset’s price gain, you would buy the CFD, opening a 'long' position. If you want to invest in an asset’s falling price, you can sell a CFD, which means opening a 'short' position. With either option, it’s the price difference between the opening and closing prices that determines your profit or loss.
Can I have a short and a long position for an asset at the same time?
You can only hold an open position in one direction per asset. This means that if you have an open position in one direction, placing an order in another direction will reduce your existing position or close it completely and open a new position in the opposite direction.
For example, if you are 10 units of AAPL long, and you place a sell order for 2 units, you'll have a long position of 8 units.
If you subsequently place a sell order for 10 units, it will be split into 2 orders. The first order of 8 units will close out your open position, and the second order will open a short position of 2 units.
What types of orders are supported?
Market order
Buy or sell CFDs immediately at the best available price during market hours.
Limit order
Buy or sell CFDs at a specified price (or better). Buy limit orders are placed below the current price, and sell limit orders above the current price.
Stop order
Buy or sell CFDs once a specified price is reached, then executed as a market order. Buy stop orders are placed above the current price, and sell stop orders below the current price.