Trade forex, indices, commodities and stocks (CFDs)

Trade forex, indices, gold and stocks as CFDs on the Trade page. You follow the price without owning the asset. CFDs are high risk.

On Trade Llama, traditional markets (forex like EUR/USD, indices like NAS100, commodities like gold (XAU) and stocks) are offered as CFDs in the Trade terminal. A CFD lets you trade on the price without owning the underlying asset.

Risk warning: CFDs are complex and high risk. Prices can move fast, and where leverage is involved, losses are magnified and can build up quickly. Only trade with money you can afford to lose, and read the Risk disclosure.

What a CFD is

A CFD (contract for difference) settles the difference in an asset's price between when you open a position and when you close it. If you go long and the price rises, you gain the difference; if it falls, you lose it. Going short works the other way round. Because you never own the asset, you get no shareholder rights such as voting.

Leverage and liquidation

CFDs are often traded with leverage: you put up margin smaller than the position's full value, which magnifies gains and losses alike. If losses use up your margin, the position can be closed automatically. Margin, leverage and liquidation explains how this works. Before you trade, read the details in the order form, including the estimated fee.

Markets you can trade

  • Forex: currency pairs such as EUR/USD. See the Forex tab on Markets.
  • Indices: such as NAS100.
  • Commodities: such as gold (XAU).
  • Stocks: company shares, traded as CFDs.

Browse them all on the CFD tab. Unlike crypto, traditional markets keep opening hours, and prices can jump when a market reopens.

How to trade a CFD

  1. Log in and make sure you have funds. See Deposit funds.
  2. If you're asked to complete the suitability questionnaire, see The suitability questionnaire.
  3. Open Trade and choose the instrument, for example EUR/USD or NAS100.
  4. Choose to buy (long) or sell (short).
  5. Pick a market or limit order and enter the size.
  6. Review the order form, including the estimated fee, and place the order.

Spot stocks, stock futures and Stock+

  • Spot stocks: you can't buy and hold actual shares on Trade Llama. Stocks are offered as CFDs.
  • Stock futures: not offered. The Futures terminal lists USDT-M and Coin-M contracts; to trade stock prices, use stock CFDs on Trade.
  • Stock+: not offered. Use stock CFDs on Trade instead.