CFD Trading

What are the CFD Holiday Hours?

Due to the global nature of CFDs, traders should be aware of special holiday trading hours observed in each market. FXCM has provided a monthly calendar…

What is Margin?

Margin can be thought of as a good faith deposit required to maintain open positions. This is not a fee or a transaction cost, it is simply a portion of…

What are the upcoming dividends for FXCM's Index CFDs?

What are Index CFD dividends? For information on Index CFD Dividends please click here. How can I see when future dividends may impact my positions? For…

What is the Index CFD financing cost?

At FXCM, the financing cost for your CFD trade is referred to as ‘rollover.' This is the interest paid for holding a position past 5 PM EST and…

What are your trading hours?

FXCM's trading hours vary by product. For forex, trading opens on Sundays between 5:00 PM ET and 5:15 PM ET and closes on Fridays around 4:55 PM ET.…

Stock Basket Dividends and Withholdings

Dividends may impact the amount of overnight costs you pay or earn on your Stock Basket position. Stock Baskets are made up of a group of stocks…

What are Index CFD Dividends?

Dividends may impact the amount of overnight costs you pay or earn on your Index CFD position.  Index CFD's are made up of a group of stocks that…

Are there expirations for CFDs?

Energy CFDs, which include UKOil, USOil, NGAS and Cryptocurrency CFDs have a monthly expiration. Treasury CFDs, like Bund, have a quarterly expiration.…

How do I calculate the Notional Values for a CFD?

When you place a CFD Trade with FXCM, you are using leverage* to control more money than you actually have to put down for the trade (margin). For example,…

Do CFD's expire?

BTC/USD and Energy CFDs, which include UK Oil, US Oil, and NGAS have a monthly expiration. Treasury CFDs, like Bund, have a quarterly expiration. Copper,…

Can I trade during corporate actions?

With the exception of dividends, FXCM does not permit positions to remain open through corporate action dates on Share CFDs. Any position in a Share CFD…

What is a Share CFD?

A share CFD is a CFD where the underlying asset is the stock price of a public company. A CFD, or Contract for Difference, offers you all the benefits of…

How can I enable share CFDs in my account?

If Share CFDs are enabled on your account you will be able to find them in the Symbols list of your platform. To enable Share CFDs on your MT4 platform,…

Dividends and Withholdings on Share CFDs

Dividends may impact the amount of overnight costs you pay or earn on your Share CFD position(s). When a dividend is paid on a stock, the value of…

Are there any restrictions when trading Share CFDs?

Due to restrictions implemented by regulatory bodies, underlying stock exchanges, or liquidity providers that FXCM works with, some shares may be…

Where is the pip/point location for Share CFDs?

The pip/point location for Share CFDs depends on the region of the share you trade.   For US shares:   …

What are the Share CFD Holiday Hours?

Due to the global nature of CFDs, traders should be aware of special holiday trading hours observed in each market. FXCM has provided a monthly calendar…

What are the trading hours for Share CFDs?

FXCM will offer pricing for share CFDs in line with the opening hours of the underlying exchange. Please refer to this chart below for live account hours.…

Will I be charged a commission on Share CFDs?

No. All costs are already built into the spread, there are no added or minimum commissions.       …

What is the Minimum Trade I can open on Share CFDs?

The minimum number of FXCM contracts per click (trade) for Share CFD is 1. 1 FXCM contract is the equivalent of 0.1 Shares   …

What is the Single Share CFD financing cost?

At FXCM, the financing cost for your CFD trade is referred to as ‘rollover.' This is the interest paid for holding a position past 5 PM EST and…

CFD Rollover Calendar

The financing cost for your CFD trade is referred to as ‘Rollover.' Rollover is the interest paid or earned for holding a position overnight,…

Is there a government regulator for CFDs?

Yes. CFDs are regulated in most countries in which they are traded. …

In what countries is CFD trading allowed?

CFDs currently trade in Australia, the United Kingdom, throughout the Euro Zone, Japan, Canada, South Africa, Switzerland, New Zealand, and other…

Who primarily trades CFDs? Small investors or large institutions?

Retail traders, speculators and hedge funds are the typical market participants for CFDs. CFDs are complex, leveraged products that can put clients at…

Are multiple accounts required to trade different types of CFDs?

No. An FXCM Markets Account provides access to trading in Forex, Equity Indices, and Commodities. …

What is a "pip" for CFDs?

A pip is the increment FXCM uses to account for profits and losses. It is the standard used in the Forex market, in place of "points" or "…

When I trade a CFD, how much am I trading?

FXCM uses a "lot-based" trading system. This allows our platform to aggregate all client positions into standardized trade sizes, simplifying…

What are the costs and fees involved with trading CFDs?

FXCM is compensated by a markup which is added to the spreads it receives from its liquidity providers which is most traders' main cost of trading.…

What are CFDs?

Clients of FXCM LTD. can trade Stock Indices, Oil, and Precious Metals from their FXCM Trading Station using CFDs. CFD stands for Contract for Difference.…

Is there slippage for CFDs?

Like most markets, traders can experience slippage when trading CFDs. The level of slippage experienced will depend on liquidity in the market and the…

What are the benefits of using CFDs to hedge exposure to an underlying asset rather than using options or futures?

CFDs provide a linear payoff: a rise or decline in the underlying asset will result in an equivalent rise or decline in a trader's account balance.…

Is there more risk involved in trading a CFD over trading the underlying asset?

Trading with higher leverage means there is a greater risk of loss, as well as potential for profit. Depending on the amount of leverage used, small moves…

What is the underlying asset?

The "underlying asset" is the instrument that a CFD is based on. For example, the underlying asset for the SPX500 is the S&P 500 Index of US…

Is CFD trading limited to certain hours?

The hours for each CFD are determined by FXCM's Trading Desk based on the schedule for trading on the exchange for the underlying market, commodity,…

What is the liquidity like in CFDs?

Liquidity for CFDs is comparable to the underlying. Different indices and commodities experience different levels of volatility and liquidity. To see the…

What is the smallest amount a CFD price can move?

Under most conditions, the minimum price movement for each CFD is similar to the underlying. To see the full specifications for each asset, see the CFD…

Are CFD profits unlimited?

FXCM will impose no limits to profit. …

Will my margin requirement be lowered should I attempt to hedge with similar products?

No. Due to the imperfect nature of hedging, hedging with different assets is still prone to considerable risk, and hence does not figure into margin…

Are there initial and maintenance margin levels for CFDs?

Initial margin for each position can be seen in the Create Order window.   There are no set maintenance margin levels. Please be advised that…

What shares do you offer?

Please see this page for our full share offering.     …

Why would I trade a Share CFD over trading the underlying stock itself?

CFDs give traders a lot of options that they would not otherwise have: CFDs are traded with leverageThis allows a trader to control a large market…

Is there an expiry on a Share CFD contract?

There is no expiration on a Share CFD contract. Unlike other derivatives, A CFD is an open-ended contract, if you have not closed your position by the…

Can I receive dividends with CFDs?

Although CFD traders do not physically own the share, they will be affected by certain Corporate Actions such as dividends. However, as the CFD traders do…

What is FXCM's leverage on CFD products?

The required margin and specific leverage for CFD products vary.  To view the most up-to-date margin requirements for CFD products, visit the FXCM…

How quick is CFD execution?

Execution in CFDs is comparable to the underlying market. …

Do margin requirements change for CFDs?

Yes, margin requirements can periodically change to account for changes in market volatility and currency exchange rates. Any margin changes will be shown…

Do I have control of the underlying asset when trading CFDs?

No. The CFD merely tracks the underlying price. However, it does give the trader rights or dividends associated with the underlying asset. …

Are there any benefits to trading a CFD over trading the underlying asset?

Yes, there are. CFDs give traders a lot of options that he would not otherwise have, allowing him to be flexible. CFDs are traded with leverage, allowing…

Are there certain hours where CFDs are more active?

Since a CFDs price is based on the price of the underlying asset, peak trading hours are typically the hours when the exchange for the underlying asset is…

Are there requotes?

No, FXCM maintains a no re-quote policy for forex orders, indices, metals, and oil. Circumstances may exist based on order size, trading pattern, and/or…

What is Fair Value?

Fair Value is a calculation that factors various things that tend to affect the price of a stock index futures contract, such as interest and dividends. A…