Last updated on
February 17, 2022

Contract for Differences (CFDs) is the over-the-counter (OTC) arrangement that involves a contract to trade on financial instruments based on the price difference between the opening and closing prices of a security or an array of securities without purchasing or owning the securities.

Unlike other financial instruments, CFD traders do not own the securities but instead, speculate on the changes in the price of the security without purchasing or owning the security.

Nigerian Context

In Nigeria, CFDs are a popular way to trade forex, commodities, and stocks.

Trade forex, CFDs, cryptos, and stocks with up to 1:1000 LEVERAGE with a true ECN broker. You can start trading on Kwakol with a minimum deposit of $50, lightning-fast execution, tight spreads, and low commissions for the broker.

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