The trading industry is constantly expanding and getting more complicated. Broking companies strive to improve market conditions, to expand the list of assets to supply clients with innovative solutions for more convenient, efficient and profitable trading.
These days, Forex traders can trade currencies as well as CFD on Futures and CFD ETF. These assets are quite promising in terms of showing consistent results. Another benefit that CFDs are available through Metatrader 4 or 5 – the most popular trading platform among Forex traders.
TradeFort is one of the pioneers of off-exchange futures trading. Let’s have a closer look at the opportunities offered by TradeFort in terms of futures trading.
Forex Futures and Other Assets
According to Eugene Olkhovsky, Masterforex-V Academy’s leading expert in financial markets from Canada, CFDs themselves imply future prices on certain underlying assets. Futures trading offers more opportunities than conventional spot trading (currencies, metals etc.)
The main idea promoted by futures is that order execution is performed only at exchange prices without any deviation typical of most dealing centers. In other words, a trader can check the quotation offered by several liquidity providers anytime. There should and will be no difference. This is why futures are better than conventional spot Forex trading.
At the same time, Forex brokers simplify the complicated process of trading futures. This is another benefit, especially when it comes to trading futures via MT4.
With TradeFort,you can trade futures on the following underlying assets:
Indices
Energies
Metals
Grains
Softs
Meats
Financials
ETF
Terms of operations with group of contracts “CFD on Futures and CFD ETF”
http://www.tradefort.ws/clients/conditions/cfd-trade
Each trading contract CFD on Futures has 2 tickers in the terminal. The first ticker contains the name of the instrument, that is mentioned on the trading specification page on the website (eg. 6EZ3), and is executed by the last price. The second ticker contains the name of the instrument, that is mentioned in the trading specification, have the additional marker #I (eg. 6EZ3#I), and is trading by the prices bid and ask.
Buy by market — after having pressed this contract’s button in the terminal (for instance, 6EZ3) a trader sends an instruction for purchasing a certain number of lots at the market price. Execution is conducted at ask price which can be seen at 6EZ3#I contract.
Sell by market — after having pressed this contract’s button in the terminal (for instance, 6EZ3) a tradersends an instruction for selling a certain number of lots at the market price. Execution is conducted at bid price which can be seen at 6EZ3#I contract.
Buy Limit — while establishing this order a trader obtains execution precisely at the price of the order where price of contract (for instance, 6EZ3) crosses - (minus) 1 tick the price of the order.
Sell Limit — while establishing this order a trader obtains execution precisely at the price of the order when price of contract (for instance, 6EZ3) crosses + 1 tick the price stated by order.
Buy Stop — while establishing this order a trader obtains market execution of order at ask price of 6EZ3#I contract when last price of contract precisely matches the price stated in this order.
Sell Stop — while establishing this order a trader obtains market execution of order at bid price of the 6EZ3#I contract when last price of contract (for instance, 6EZ3) precisely matches the price of the order.
Stop Loss (Sell) — if this order is attached to Sell order opened for sale, then, while establishing this order a trader obtains market execution of order at askprice of the 6EZ3#I contract when last price of contract (for instance, 6EZ3)
precisely matches the price of the order.
Stop Loss (Buy) — if this order is attached to Buy order opened for purchasing, then, while establishing this order a trader obtains market execution of order at bid price reflected at 6EZ3#I contract when last price of contract (for instance, 6EZ3) precisely matches the price stated in this order.
Take Profit (Sell) — if this order is attached to Sell order opened for sale, then, while establishing this order a trader obtains execution precisely at the price of the order when last price of contract (for instance, 6EZ3) crosses — (minus) 1 tick the price of the order and is below ТР level.
Take Profit (Buy) — if this order is attached to Buy order opened for purchasing, then, while establishing this order a trader obtains execution precisely at the price of the order when last price of contract (for instance, 6EZ3) crosses + 1 tick the price of the order and is above ТР level.
CFD on Futures are periodically expired. Rules and expiration dates can be found on the company’s website in Trading conditions or Specifications.
Use of the term “Market Execution” means, that the client orders to open or to close the position. The operations for each ticker are carried out at the current market price. If during the confirmation the quotes are changed, the order will be executed at the new price, which the Customer has no right to refuse.
Please note that, due to our contracts and requirements of the liquidity providers, the company reserves the right to charge an additional fee, of 10 USD per 1 lot + the sum that is equal to the value of the spread for the rollover of positions CFD on Futures if such positions are opened by the “calendar spreads” or «intermarket-spreads» or «intercommodity-spreads» trading tactics. These commissions are charged if position remains opened for more than 3 days.
Please note that in accordance with the requirements of liquidity providers and market regulators, demo accounts have artificial delay for the Quotes for CFD on futures. Quotes on real accounts, of course, come without delay, in real time mode.
For more info, including a short video tutorial, please visit http://www.tradefort.ws/clients/conditions/cfd-trade
You can also read Expiration rules for CFD Futures in TradeFort
Good trading!
