We offer leverage up to 1000:1, depending on your account's total equity.

The available leverage options are:

• Equity between $5 and $40,000: Leverage is up to 1:1000.
• Equity between $40,001 and $80,000: Leverage is up to 1:500.
• Equity between $80,001 and $200,000: Leverage is up to 1:200.
• Equity over $200,000: Leverage is up to 1:100.

Although your trading account is always accessible, each market has its own trading hours. The Forex market, for example, is open Monday 00:02 to Friday 23:58 GMT+2, whereas Cryptocurrencies are available for trading 24/7.
Note that times displayed are GMT +2, DST may apply.

Ready to start trading for real?

No, there are no overnight charges when trading futures contracts.

No, we don’t charge any commission or extra fees. The only thing you pay is the spread, which you can see before opening or closing a trade.

Yes, you may need to pay tax when trading US equity derivatives, following regulations issued by the US Internal Revenue Service (IRS). Under section 871(m) of the US tax code, all non-US resident holders of US equity derivatives are required to be taxed on dividend income derived from trading said instruments.

Yes, we allow scalping across any of our account types.

No, we offer Negative Balance Protection (NBP) to all clients, meaning you can never lose more than what you’ve deposited.

Yes, we do allow trading around major news, like global data releases and geopolitical events

Open a Real account today and trade the news with superior execution and low spreads.

The maximum number of open positions and pending orders you can have across all your accounts at once is 300.

Yes, you can partially close an open position across any of our account types.

However, any position sized below the minimum volume can’t be partially closed and must be closed in its entirety.

If one of your trades is making a loss, it means any bonus you had has already been used, as it is considered part of your equity. It’s your account balance that’s impacted by your position, and that’s where your losses are deducted from.

Completing the W-8BEN form will allow us to apply the relevant – often lower – tax rate, in accordance with any treaty the US may have signed with your country of residence.

Clients which are affected must fill in a W-8BEN form to be able to continue trading on the in-scope instruments.

To complete the W-8BEN form, click here.

Important economic news releases can, at times, cause increased market volatility, leading to your orders being filled at a different price than requested.

Rest assured though, we will always fill your orders at the best available price.

For more information on our Execution Policy, click here.

Section 871(m) is a section of the Internal Revenue Code issued by the US Internal Revenue Service (IRS). Regulations used under section 871(m) apply to non-US residents who hold US equity derivatives.

The section includes tax regulations related to dividend income earned on US equity derivatives. According to section 871(m), non-US residents who earn dividend income are subject to 30% withholding tax. The rate of withholding tax is much lower for countries that have existing tax treaties with the US.

The expiration dates for futures contracts can vary.

For example, Oil contracts have monthly expiration dates, whereas for Platinum contracts its quarterly.

For more information on the expiration dates for futures contracts on various instruments, click the links below:

• Commodities
• Equity Indices
• Metals
• Energies

US withholding tax applies to long positions on CFDs on:

• Shares in companies incorporated in the US
• Non-qualified indices that include US equities
• The tax does not apply to:
• Short positions
• Positions on qualified indices like the Dow Jones, S&P 500, NASDAQ 100, and Russell 2000

Yes, you are free to hedge positions on any of your trading accounts, but not between two different accounts. Hedging is when you simultaneously open a long and short position on the same instrument.

When hedging Forex, Gold and Silver, positions can be opened even when the margin level is below 100%. This is because the margin requirement for hedged positions is zero.

When hedging all other instruments, the margin requirement for the hedged position is equal to 50%. New hedged positions can be opened if the final margin requirement is equal to or less than the total equity of your trading account.

Yes, under certain circumstances, the average spread can widen, although we aim to keep prices as stable as possible. Instances where this may happen include during important news announcements, political uncertainty, and unexpected events. Spreads may also widen over the weekend, or closer to the end of a trading session, when liquidity is lower.

We don’t automatically rollover positions to the next contract. Your positions will be closed on the expiration date of the futures contract. So, if you want to maintain an open position on the underlying instrument, you’ll need to open a new position in the next contract once it goes live.

When trading spot forex, actual value dates are two days ahead. For example, a deal executed on Thursday is for the value on Monday, one executed on Friday is for the value on Tuesday, and so on.

So, on Wednesdays, rollover is tripled to account for the upcoming weekend, when the market is closed.

Cryptocurrencies can be traded 24/7, as they are a part of a global market that remains open across different time zones. They can even be traded on public holidays!

If you're already trading the affected instruments and wish to continue, or want to start trading them, you’ll need to complete the W-8BEN form in the Members Area.

To do so, just follow the steps below:

• Log in to the Members Area
• Under the ‘Profile’ section, click ‘Notifications’
• Select the W-8BEN Form
• Complete the form and add your electronic signature

Yes, with certain account types, you will earn or be charged swaps on any position you hold open overnight. However, if swaps concern you, you can always try our Ultra Low account, which allows you to trade certain instruments swap-free.

Our swap rates are based on institutional swap rates from highly reputable sources. They are the interest rates that govern how much large financial companies pay or earn when keeping overnight positions and are usually expressed as a percentage. We translate these rates into points, which are the values you see on your trading platform.

Forex and Spot Metals

Swaps on forex and spot metals are calculated using the tomorrow-next day rate, with a small added mark-up. We don’t determine these rates, as they are derived from the interest rate differential between the currencies in the pair you’re trading.

Swap rate = Trade Size x (+/- Tom-Next Rate - Mark-Up)

Whether the tom-next rate is positive or negative depends on the interest rate differential between the two currencies. The amount calculated is then translated into your account currency.

For example, let’s say you’re trading USDJPY, and the tom-next rates are as follows:

• +0.5% for a long position
• -1.5% for a short position

We can see the interest rates in the US are higher than those in Japan.

If you were to hold a long position open overnight, you’d earn 0.5% minus our mark-up. If you held a short position, you’d be charged 1.5% plus our mark-up.

Stocks and Stock Indices

Rollover rates on stocks and stock indices are calculated using the underlying interbank rate. For an Australian stock for example, rollover is calculated using the interest rate charged by local banks for short-term loans, with a small added mark-up.

Rollover rate = (Trade Size x Closing Price) x (+/- Short-Term Interbank Rate - Mark-Up)

Here, the plus or minus depends on whether you’re holding a long or short position.

For example, let’s say you’re trading Unilever, a UK stock, and the interbank rate is 1.5% per annum.

If you were to hold a long position open overnight, the rollover would be -1.5%/365 minus our mark-up. If you held a short position, it would be 1.5%/365 minus our mark-up.

Dividends are profits made by companies and distributed to shareholders. When companies pay dividends, they are essentially reducing the value of the company by the dividend amount. This is then reflected on the ex-dividend date as a decrease in share price.

When it comes to indices, this is also reflected by a reduction in the overall index value, in proportion with the weight of the stock within said index.

Dividend adjustments apply to CFDs on Cash Indices and Stocks. They don’t apply to CFDs on Futures Indices or Germany40 (GER40Cash).

When you hold an open position in an instrument that pays dividends, you will either receive or be charged a corresponding amount, depending on the volume of your position.

Whether you hold a buy or sell position, the dividend can be calculated using the following formula: Index Dividend Declared x Position Size in Lots.