Instruments and markets
Contract for difference
An agreement to exchange the difference in an instrument's price between opening and closing a position. It gives exposure to the move without ownership of the underlying asset.
Also called: CFD
GFN’s figure
On a GFN simulated account, contracts of every type are modelled with real conditions - spreads, commission of $3.50 per side, $7 per lot round turn and execution differences - and no customer order is executed in a live market.
In detail
Contract for difference,explained
CFDs are how most retail platforms offer indices, commodities and crypto: one instrument type, one margin model, one set of mechanics across very different underlying markets.
Positions carry financing for as long as they are open and have no expiry, which is the main structural difference from a futures contract.
Related
Terms thatcome with it
Most rules only make sense next to the ones they interact with. These are the entries this one depends on.
Underlying
The asset a derivative's price is derived from - the index behind an index contract, the barrel of oil behind an oil contract. You trade the derivative; the underlying sets its price.
Swap
The financing charge or credit applied to a position held past the daily rollover. It reflects the interest rate difference between the two sides of the pair and can be positive or negative.
Simulated account
An account that reproduces live market conditions - prices, spreads, commission, slippage - without routing orders to a market. Every GFN evaluation and funded account is one, and no customer capital is ever exposed.
Leverage
The ratio between the notional size of a position and the margin required to hold it. At 1:50, $2,000 of margin supports a $100,000 position - it changes what you can open, not what you may lose.
Ready when you are
Your capital stays yours.The risk is ours.
One evaluation fee, no time limits and up to 90% of simulated profits. Pick an account size and your credentials arrive by email within minutes.
No subscriptions or hidden fees
Payouts every 14 days
$400,000 max total allocation