In some territories, CFDs are exempt from stamp duty but you will pay capital gains tax on your profits. However, you can offset your losses against your profits for your capital gains tax liability, which makes CFDs useful for hedging.1
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Access tools to help you trade
We have a range of in-platform tools that can help you trade. These include our price alerts and trading signals, to a whole variety of technical indicators that you can overlay on any price chart with the click of a button. Plus, when you trade on our platform, you’ll get integrated news feeds from our…
Seize forex volatility
The high volume of currency trades each day translates into billions of dollars every minute, which makes the price movements of some currencies extremely volatile. You can potentially reap large profits by making a prediction on price movements in either direction. But, volatility is a double-edged sword – the market can quickly turn against you,…
Go long or short
With us, you’ll trade forex with CFDs. CFDs are financial derivatives, meaning you can go long or short. Going long means that you expect the price of a forex pair to rise, while going short means that you expect the price to fall. You’d go long if you think the base currency will strengthen against…
Capitalise on high liquidity
Forex is the most liquid market in the world because there is a large number of buyers and sellers looking to make a trade at any given time. Each day, over $6 trillion dollars of currency is converted by individuals, companies and banks, which is roughly twice the annual British gross domestic product (GDP). Forex’s…
Make your money go further with leverage
You can trade forex with us by CFDs. CFD products are leveraged, which can make your money go further. Leverage in forex enables you to open a position on the currency market by paying just a small proportion of the full value of the position up front. For example, opening a CFD position on EUR/GBP might…
Trade around the clock
The forex market is open 24 hours a day, five days a week. With us, you can trade forex from 4am Monday to 6am Saturday (UTC +8). These long trading hours are made possible because forex transactions are completed over the counter (OTC), rather than through a central exchange. And, because forex is a truly…