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.
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 on the same asset?
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
Can I set exit strategies?
You can set up take-profit and stop-loss orders to manage risks when investing in CFDs. When one gets triggered, the other one is automatically cancelled.
What exit strategies are available?
- Take-profit (T/P): an order that automatically closes your trade at a set price, profit amount, or % gain to lock in profits. It triggers if price rises (long) or falls (short), protecting gains
- Stop-loss (S/L): an order that automatically closes your trade to limit losses at a set price, loss amount, or percentage move against you. It triggers if price falls (long) or rises (short), helping prevent bigger losses
For more information on exit strategies, refer to this FAQ.