CFDs are an efficient means of trading shares, indices, commodities, and currencies. Find out why GCI is a global leader:
Foreign exchange trading involves trading one currency pair against another, predicting that one currency will rise or fall against another. Currencies are traded in pairs, like the Euro versus the US Dollar (EUR/USD). This market empowers anyone to seize trading opportunities based on currency fluctuations.
Join Traders from around the world and take advantage of the superior trading conditions offered by GCI and become an active trader in the global markets today!
Facts
CFD/Shares
- Commission-free
- Spreads starting from 0.0 pips
- Up to 400:1 leverage
- Deep liquidity
- Trade 24 hours a day, Sunday to Friday (EST)
CFDs Explained
The "CFD", or "Contract for Difference", was developed to allow clients to receive all the benefits of owning a stock without having to physically own the stock itself. For example, instead of purchasing 1,000 shares of Microsoft from a stock broker, a client could instead buy 10 lots of Microsoft on the GCI CFD trading platform. A $5 per share rise in the price of Microsoft would confer to the client a $5,000 profit, just as if he had purchased the actual shares that are traded on the exchange. A major difference is that there are no exchange fees and many of the inefficiencies of trading the underlying shares on the exchange are eliminated. GCI can therefore offer CFDs with zero commissions and very attractive margin requirements. CFDs have grown in popularity dramatically over the past few years, and we believe that this will increasingly be the preferred way to trade the financial markets.
The other major benefit of trading a CFD is the fact that the client can trade on margin. CFD trading means clients can trade a full portfolio of Shares, indices, or commodities without having to tie up large amounts of capital. Using the example above, a client purchasing $50,000 worth of CFD Shares will only be asked for $2,500 margin.
CFD Performance
As with Shares, CFD investors benefit from normal market movements. Clients' open positions are valued in real time, with every tick of the market. Profits or losses similarly are credited to or debited from the clients account equity in real time.
Margin
Unlike physically purchasing stocks, clients only have to deposit approximately 5% of the value of the Shares. So if you want to buy $50,000 worth of Shares, you only need to have $2,500 on deposit with GCI.
CFD Trading Details
Account Opening Minimum: $500 or €500.
Lot Size: 100 shares. Click here for details on other CFD products.
Margin Requirement: 5% on individual shares, 1% or less on other products.
Spreads: Click here for spreads in all products.
Commissions: Zero (commission-free).