What are FX & CFDs?
Foreign exchange (FX) contracts and contracts-for-difference (CFDs) are over-the-counter (OTC) derivatives that allow you to speculate on the price movement of currencies, metals, energy, agriculture and equity index products. When you open a Questrade FX & CFD account, you agree to exchange the difference between the opening price and the closing price of the FX or CFD position with Questrade. You do not acquire ownership of the underlying asset when you go long, nor are you required to deliver the underlying asset when you go short.
When you trade OTC FX or forex you are technically engaged in trading currency CFDs. This is because OTC FX neither provides the option nor imposes the obligation for settlement in the contract and counter currencies.
Some CFDs follow an expiration calendar which stipulates the expiry dates on which open contracts will be closed by Questrade.
* Platform may be subject to scheduled maintenance. See hours.
Questrade FX and CFDs are open for trading from 5 p.m. ET Sunday through 5 p.m. ET Friday. On major holidays, trading hours are subject to change and customers are notified on a best efforts basis.
Commodity and index CFDs are traded only during the hours when the underlying execution venues are open for trading.
Trading is available on 40+ FX pairs, gold and silver against currencies, energy including crude oil and refined products, grains, softs, other metals and global equity indices.