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CONTRACTS
THAT MAKE A DIFFERENCE
THAT MAKE A DIFFERENCE
WHAT ARE CFDS AND HOW DO YOU TRADE THEM?
Contracts for Difference (CFDs) are a versatile way to trade financial instruments, and are offered on a broad range of assets. A CFD is an agreement to exchange the difference in the value of an asset from the time the contract is opened until the time at which it is closed. CFDs are derivative products, allowing you to trade on market price movements of financial assets, giving you the opportunity to profit from falling as well as rising markets, without owning the underlying instrument you have chosen to trade. Overall, Contracts for Difference are a great way to maximise your trading flexibility as they are not bound by minimum amounts of capital.
CFDS you can trade with us
At SmartCoin FX, CFDs can be traded on 6 asset classes (stocks, indices, commodities, bonds, ETFs & ETNs, cryptocurrencies). You also have access to mini CFDs on major indices such as the DAX and DOW. Our Brokerage team is constantly updating our instruments to ensure your trading needs are met.
Why trade CFDs?
TRADE ON LEVERAGE
CFDs are traded on leverage, meaning you need only a small fraction of the total trade value to open your position. Therefore, you have to spend less capital which will free up more of your money to invest.
ABILITY TO GO SHORT
CFDs are very flexible and in general you can trade long (buy) or short (sell). It is easier and less complicated to short sell with CFDs. An instrument may be short-sold at any time, and since there is no ownership of the underlying asset, there is no borrowing cost.
IMPROVED MONEY MANAGEMENT
It is possible to trade or define your position size in a more detailed way with CFDs, which helps with your money management. At SmartCoin FX, for some indices, such as the DAX and DOW, it is even possible to trade mini lots on them, at an incremental trade size of 0.1 CFD per index, to maximise your risk management even further.
HEDGE YOUR PORTFOLIO
You can use CFDs to offset any losses in your portfolio by short selling, especially in volatile markets. Reduce your exposure by using CFD trading to hedge the risk of your investments. For example, if the price of the stock you are investing in drops, you can use a stock CFD to off-set any losses in your stock portfolio by short selling without selling any real stocks (by using such a hedge setup you don’t sell the physical stock).
TRANSPARENT PRICING WITH CFDs
With CFDs you get maximum transparency in pricing, as they reflect 1:1 the price change of the underlying instrument. So a share CFD for example usually has the same pricing as the share itself. Also with CFDs, unlike other leveraged products such as options, knock-out barriers do not matter.
NO RUNTIME LIMITATION WITH SPOT CFDs
CFDs on single stocks, ETFs, ETNs, cash indices and crude oil (Brent & WTI) do not have an expiration date. Thus, you can keep your open positions running for as long as you choose. However, CFDs on futures contracts are an exception as they have maturity dates.
NO STAMP DUTY
Since with CFDs you don't actually own the underlying instrument, this means that you are not obliged to pay a stamp duty to the government, enabling you to save on each trade (please note that tax laws vary according to each country and are subject change). In this way, CFDs are a more cost-effective form of trading, than if you were going to buy/sell the asset class directly on the exchange. You can benefit on the price movement without having to worry about stamp duty.
ROUND-THE-CLOCK TRADING
Our CFDs can be traded during the opening times of the reference stock markets, but some are also tradable during times when the reference market is closed. You can find the current trading times of indices, commodities, and bonds that can be traded with SmartCoin FX Brokers in our
Contract SpecificationsTRADE CFDs LIVE TODAY
Trade Indices with SmartCoin FX
An index is a statistical measure of the changes in a portfolio of stocks representing a portion of the overall market. As they are a smaller sample of the market that is representative of the whole, investors use indices to track the performance of the stock market. With SmartCoin FX Brokers you can trade 15 of the world's most prolific cash indices covering Asia, North America and Europe, including the renowned Dow Jones Industrial Average (DJIA) which is extremely popular with traders worldwide.
Instruments
15 Indices including:
US Dow Jones / German 30 / UK 100 / Japan 225 / Euro 50
COMMISSIONS
0.10 USD/EUR/GBP/CHF per 1 CFD per side
See full Contract Specifications
REDUCED COMMISSIONS
Available for all high volume traders
Please contact support@smartcoin-fx.com
Overnight Financing Charges
Cash Indices: 3% ± 3 month Libor
View details
Future Indices: 0
For more info please see full Contract Specifications
MARGIN
Default margin: 5% - 10%
Lower margin: 1% - 10%
Note: The lower margin is available only to “professional” clients and clients of SmartCoin FX Overseas Ltd.
For more info please see full Contract Specifications
MINIMUM TRADE SIZE
0.1 CFD, 1 CFD
MAXIMUM TRADE SIZE
1,000 CFDs
TRADE SIZE INCREMENT
0.1 CFD, 1 CFD
MAXIMUM OPEN/PENDING ORDERS
500
TRADE CFDs ON INDICES
Trade Stocks with SmartCoin FX
When it comes to investing, shares are one of the principal asset classes. You have the booking value of a stock (also known as share or equity) after deducting the liabilities from the company’s assets and dividing the result by the number of shares issued. Stocks are important because they represent the real value of one’s stake in an investment. At SmartCoin FX Brokers, you can trade 400+ Stocks CFDs.
Instruments
400+ Shares from different countries, including:
US / UK / Germany / France / Netherlands / Spain / Switzerland
COMMISSIONS
US stocks: $0.02 per share / minimum ticket charge $5 per side
French stocks: 0.05% of order volume / minimum ticket charge €5 per side
German stocks: 0.05% of order volume / minimum ticket charge €5 per side
Dutch stocks: 0.05% of order volume / minimum ticket charge €5 per side
Spanish stocks: 0.05% of order volume / minimum ticket charge €5 per side
Swiss stocks: 0.05% of order volume / minimum ticket charge Fr5 per side
UK stocks: 0.05% of order volume / minimum ticket charge £5 per side
Overnight Financing Charges
MARGIN
Default margin: 20%
Lower margin: 20%
Note: The lower margin is available only to “professional” clients and clients of SmartCoin FX Overseas Ltd.
Review Contract Specifications
for full details
MINIMUM TRADE SIZE
1 CFD
MAXIMUM TRADE SIZE
100,000 CFDs
TRADE SIZE INCREMENT
1 CFD
MAXIMUM OPEN/PENDING ORDERS
500
Advantages*
High leverage
Can be traded short and long
Trade not subject to stamp duty (in most countries)
No day trading requirements
No borrowing cost (since there is no ownership)
*Compared to Physical Stocks
TRADE CFDs ON STOCKS
Trade cryptocurrencies with SmartCoin FX
Bitcoin is a peer-to-peer digital currency launched in 2009, a cryptocurrency which has become a unique and popular financial vehicle, unlike anything the world has ever seen. We offer you the opportunity to capitalise on the recent crypto trend and invest in Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple. We also allow partial trading on these symbols, which gives you the opportunity to test these volatile instruments in smaller amounts, thus enabling better risk management.
Instruments
BTC/USD, BCHUSD, ETHUSD, LTCUSD, XRPUSD
COMMISSIONS
0%
Overnight Financing Charges
~0.07% per day
MARGIN
Default margin: 50%
Lower margin: 20%
Note: The lower margin is available only to “professional” clients and clients of SmartCoin FX Overseas Ltd.
Review Contract Specifications
for full details
MINIMUM TRADE SIZE
0.01 CFD, 100 CFDs (XRPUSD)
MAXIMUM TRADE SIZE
10 CFDs (BTC/USD, BCHUSD, ETHUSD, LTCUSD), 100000 CFDs (XRPUSD)
TRADE SIZE INCREMENT
0.01 CFD (BTC/USD, BCHUSD, ETHUSD, LTCUSD), 1 CFD (XRPUSD)
MAXIMUM OPEN/PENDING ORDERS
500
TRADE CFDs on cryptocurrencies
Trade Commodities with SmartCoin FX
Commodity markets have had major impact on nations and people throughout history. There are different categories of commodities, all supported by the same basic economic principles: lower supply equals higher prices. With SmartCoin FX Brokers you can trade up to 7 Commodities on very favourable terms.
Instruments
7 Commodities including:
Brent Crude Oil
US Coffee
US Sugar
WTI Crude Oil
US Cocoa
London Gas Oil
US Cotton
COMMISSIONS
0.10 USD/EUR/GBP/CHF per 1 CFD per side
See full Contract Specifications
REDUCED COMMISSIONS
Available for all high volume traders
Please contact support@smartcoin-fx.com
ROLLING PRICE ADJUSTMENT
Positions for Crude Oil held overnight are subject to the rollover charge, shown as 'Swap Rate' in the report of closed transactions in your MT4+ terminal. The rolling price adjustments listed below are updated on a daily basis.
Symbol
.BrentCrude
.WTICrude
LONG POSITION
(%)
(%)
-1.15
-4.15
SHORT POSITION
(%)
(%)
-1.53
-0.61
MARGIN
Default margin: 10%
Lower margin: 5% - 10%
Note: The lower margin is available only to “professional” clients and clients of SmartCoin FX Overseas Ltd.
For more info please see full Contract Specifications
MINIMUM TRADE SIZE
Commodities: 0.1 CFD
Spot commodities - BrentCrude Oil and WTICrude Oil: 0.1 CFD
MAXIMUM TRADE SIZE
Commodities: 100 CFDs
Spot commodities - BrentCrude Oil and WTICrude Oil: 1000 CFDs
TRADE SIZE INCREMENT
Commodities: 1 CFD
Spot commodities - BrentCrude Oil and WTICrude Oil: 0.1 CFD
MAXIMUM OPEN/PENDING ORDERS
500
TRADE CFDs ON COMMODITIES
Trade Bonds with SmartCoin FX
Bonds may seem less of an exciting investment choice compared to stocks for example, but there are benefits to bonds as a stable and low-risk way of diversifying a portfolio. All it takes is a bear market to remind investors of the virtues of a bond's safety and stability. In fact, for many investors it makes sense to have at least part of their portfolio invested in bonds. With SmartCoin FX Brokers you can trade CFDs, based on 2 futures of bonds, ranging from North America to Europe.
Instruments
Euro-Bund Futures
US 10 Yr Note (US)
COMMISSIONS
0.10 USD/EUR/GBP/CHF per 1 CFD per side
See full Contract Specifications
REDUCED COMMISSIONS
Available for all high volume traders
Please contact support@smartcoin-fx.com
MARGIN
Default margin: 20%
Lower margin: 1%
Note: The lower margin is available only to “professional” clients and clients of SmartCoin FX Overseas Ltd.
For more info please see full Contract Specifications
MINIMUM TRADE SIZE
1 CFD
MAXIMUM TRADE SIZE
500 CFDs
TRADE SIZE INCREMENT
1 CFD
MAXIMUM OPEN/PENDING ORDERS
500
TRADE CFDs ON Bonds
Trade ETFs & ETNs with SmartCoin FX
Exchange traded funds (ETFs) are a popular asset and emerging to replace mutual funds with their usually lower fee structure and easier-to-understand price action. Exchanged traded notes (ETNs) are something that many retail investors may not be familiar with, but in practice they work in a similar way to ETFs—both track an underlying asset, often have lower expense ratios than actively managed mutual funds, and both trade on the major exchanges just like stocks. The main difference is that when you invest in an ETF, you are investing into a fund that holds the asset it tracks, whereas an ETN is more like a bond, and can be held to maturity, bought or sold at will. At SmartCoin FX, you can trade 21 ETFs and 4 ETNs.
Instruments
21 ETFs & 4 ETNs
COMMISSIONS
US stocks: $0.02 per share / minimum ticket charge $5
See full Contract Specifications
REDUCED COMMISSIONS
Available for all high volume traders
Please contact support@smartcoin-fx.com
Overnight Financing Charges
MARGIN
Default margin: 20%
Lower margin: 20%
Note: The lower margin is available only to “professional” clients and clients of SmartCoin FX Overseas Ltd.
For more info please see full Contract Specifications
MINIMUM TRADE SIZE
1 CFD
MAXIMUM TRADE SIZE
1000 CFDs
TRADE SIZE INCREMENT
1 CFD
MAXIMUM OPEN/PENDING ORDERS
500
TRADE CFDs ON ETFs
Contract Specifications
Choose a trading product
Choose a platform
| Country | Financial Instrument | MT Group | Ticker | Reference Stock Exchange | Base Currency | Notional Value of CFD | Lot Size (Value of 1 Lot) | Price Decimal Places | Trading Hours | Default Margin | Can go short? | Normal Market Size |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| France Germany Netherlands Spain Switzerland United Kingdom United States of America Value of 1 share {{ cell.replace(translations['nbr_of_contracts']['origin'], translations['nbr_of_contracts']['trans'] ) }} {{ cell }} {{ translationsReplace(cell) }} {{ splitMargin(cell) }} {{ cell }} |
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Commissions / Fees
| Instruments | USD | EUR | GBP | CHF |
|---|---|---|---|---|
| Forex | 0.03 USD** | 0.0275 EUR** | 0.025 GBP** | 0.03 CHF** |
| Precious Metals - Standard | 3.0 USD** | 2.75 EUR** | 2.5 GBP** | 3.0 CHF** |
| Physical Stocks (US stocks) | 0.5 cps*/ minimum ticket charge 1 USD | 0.5 cps*/ minimum ticket charge 1 USD | 0.5 cps*/ minimum ticket charge 1 USD | 0.5 cps*/ minimum ticket charge 1 USD |
| Physical Stocks (German stocks) | 0.1% of order volume / minimum ticket charge 2 EUR | 0.1% of order volume / minimum ticket charge 2 EUR | 0.1% of order volume / minimum ticket charge 2 EUR | 0.1% of order volume / minimum ticket charge 2 EUR |
| CFDs on Stocks (France) | 0.05% of order volume / minimum ticket charge 5 EUR | 0.05% of order volume / minimum ticket charge 5 EUR | 0.05% of order volume / minimum ticket charge 5 EUR | 0.05% of order volume / minimum ticket charge 5 EUR |
| CFDs on Stocks (Germany) | 0.05% of order volume / minimum ticket charge 5 EUR | 0.05% of order volume / minimum ticket charge 5 EUR | 0.05% of order volume / minimum ticket charge 5 EUR | 0.05% of order volume / minimum ticket charge 5 EUR |
| CFDs on Stocks (Netherlands) | 0.05% of order volume / minimum ticket charge 5 EUR | 0.05% of order volume / minimum ticket charge 5 EUR | 0.05% of order volume / minimum ticket charge 5 EUR | 0.05% of order volume / minimum ticket charge 5 EUR |
| CFDs on Stocks (Spain) | 0.05% of order volume / minimum ticket charge 5 EUR | 0.05% of order volume / minimum ticket charge 5 EUR | 0.05% of order volume / minimum ticket charge 5 EUR | 0.05% of order volume / minimum ticket charge 5 EUR |
| CFDs on Stocks (Switzerland) | 0.05% of order volume / minimum ticket charge 5 CHF | 0.05% of order volume / minimum ticket charge 5 CHF | 0.05% of order volume / minimum ticket charge 5 CHF | 0.05% of order volume / minimum ticket charge 5 CHF |
| CFDs on Stocks (Turkey) | *** | *** | - | - |
| CFDs on Stocks (United Kingdom) | 0.05% of order volume / minimum ticket charge 5 GBP | 0.05% of order volume / minimum ticket charge 5 GBP | 0.05% of order volume / minimum ticket charge 5 GBP | 0.05% of order volume / minimum ticket charge 5 GBP |
| CFDs on Stocks (United States of America) | 2 cps*/ minimum ticket charge 5 USD | 2 cps*/ minimum ticket charge 5 USD | 2 cps*/ minimum ticket charge 5 USD | 2 cps*/ minimum ticket charge 5 USD |
| CFDs on Indices, CFDs on Bonds, CFDs on Commodities | 0.10 USD** | 0.10 EUR** | 0.10 GBP** | 0.10 CHF** |
| CFDs on ETFs | 2.5 cps*/ minimum ticket charge 5 USD | 2.5 cps*/ minimum ticket charge 5 USD | 2.5 cps*/ minimum ticket charge 5 USD | 2.5 cps*/ minimum ticket charge 5 USD |
| CFDs on Cryptocurrencies | 0% | 0% | 0% | 0% |
* cps = cents per share
**Rebates available for high-volume traders (more than 10 Million USD traded per month). Please note that Commissions in FX, Precious Metals and CFDs (Indices, Commodities, and Bonds) are charged as round turn when the trade is opened. Commission charges will vary for residents of Mainland China. Contact us at support@smartcoin-fx.com for more information.
*** Volume based commissions are applicable subject to the discretion of the Company.
Additional costs/fees:
- SmartCoin FX Brokers charges no processing fees for withdrawals. However, fees might be charged by your bank or online payment provider.
- Inactivity Fee: SmartCoin FX Brokers will charge a monthly inactivity fee of 20 EUR/USD/GBP/CHF (depending on the base currency of the client account) after a period of three consecutive months of no trading activity (trading or funding), subject to the client having sufficient funds available. This fee will not be charged for accounts which have not yet been funded. ( Q1: 01.01 - 31.03. | Q2: 01.04 - 30.06. | Q3: 01.07 - 30.09. | Q4: 01.10 - 31.12. )
- Overnight financing costs are calculated for CFDs on Stocks & Cash Indices: 3% +/- Libor.
- FX Swap Rates for overnight positions are can be seen here. The information is updated at least once a month.
Any questions?
How can I benefit from CFDs?
CFDs are an OTC (over the counter) product. Shares, futures or spot indices are the underlying instruments that the CFD is basing itself on. Futures may not be affordable for every client as they can be expensive e.g. if you are trading 1 future on the DAX, 1 point equals 25 Euros. In comparison, when you invest with CFDs, you are investing in a portion, making your trading more cost-effective e.g. you can trade as low as 0,10 Euros per point.
Furthermore, SmartCoin FX provides low spreads on these symbols and minimal commissions. See our Contract Specifications for more details. Combined, these trading costs on some spot CFDs can often be significantly lower than when trading the underlying futures themselves.
Moreover, trading CFDs will not only add flexibility to your investment strategy, but also enable you to have more detailed risk management, by allowing you to open precisely the position size you require, and by permitting you to go short. With mini CFDs, it goes one step further, as mini equivalents will allow you to fine-tune your approach on a more granular level.
How will trading CFDs with SmartCoin FX give me an overall better trading experience?
When you trade CFDs with SmartCoin FX, we act as intermediaries between you and the liquidity providers: you are not just another small client facing a large giant. If you are trading CFDs with most other brokers, you do not have anonymity. At SmartCoin FX, we protect your interests by providing anonymity and transparency. We are also ranked among the top 20 CFD & FX electronic brokerage firms and top 3 MT4 brokers worldwide (by Finance Magnates’ Quarterly Industry Reports 2016 Q1). Our real DMA/STP set-up means that not only are your orders recorded and passed accurately, but you are also guaranteed the best service by going through us. Therefore, trading CFDs with SmartCoin FX - and not directly with Market Makers - is always better, as we have your best interests in mind.
Are there any risks in CFD trading?
Since CFDs are a very flexible product, a high degree of risk management is required. It is important to note that CFDs are leveraged products. You are trading on margin and deposit only a fraction of your total position value. Leverage involves both benefits and risks. Please ensure that you fully understand the risks involved, by reading our full Risk Disclosure