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CFD stands for ‘Contract for Difference’. CFDs are agreements to buy or sell a specified asset that typically lasts for one or two months.
Commodities and indices such as Natural Gas, Oil and the NASDAQ can be bought and sold as CFDs. Each CFD has its own market hours during which the rate continuously changes.
Each CFD also has an expiry date when all open trades of that CFD will automatically be closed at 20:00 GMT whether in profit or loss.
One of the major principles of our philosophy at Ace Forex is to provide our clients with a wide variety of trading options.
Commodities are one of those options that we offer. When you consider that they make up the basic materials of any industry (you can trade and invest in Gold, Oil, Silver and more), it would only make sense that they be a basic component of our trading products.