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CBD FxTradr


Introduction


The Foreign Exchange (FX) market is the largest and most liquid financial market in the world with an average daily turnover of $ 5.1 trillion U.S. Dollars. Unlike stock market which trades on a centralized exchange (i.e. NASDAQ, London Stock Exchange) there is no formal marketplace for FX trading. Instead, FX trading is conducted over-the-counter (OTC), meaning that it takes place directly between two different market participants either electronically or over the telephone.

CBD have launched an FX Trading platform which will provide 24 hour market access from Monday to Friday. Clients are able to trade with Spot, Forwards, and Options in FX & precious metals such as Gold and Silver.

 


What is CBD FX Tradr?


FXTradr is a margin trading platform created by CBD to trade in FX and precious metals. FXTradr allows:

  • FX & Precious Metals Trading
    • Buy a currency or precious metal if you are bullish or sell a currency or precious metal if you are bearish.
  • Options
    • Buy a call option if you are bullish on a currency or buy a put option if you are bearish
  • FX hedging
    • FXTradr can be used to hedge the underlying FX exposure through the use of Forward contracts and Options.
  • Leverage
    • FXTradr allows for trading amounts in multiples of your margin.


Benefits

 

  • 24 hour access to the platform
  • Access to treasury dealing room from 8Am – 9 PM
  • Seamless trading experience with all settings carried between IOS, android and web browser
  • Charting access on the platform


Fees and Charges


Please contact us on the below for additional information.

If you require any additional information, please contact us at fx.flowsales@cbd.ae 
Telephone: 04 – 2121829 / 04 – 2121897


Frequently Asked Questions

It will take a week after submission of all necessary documents.

The following documentation is required before using the platform:

  • Investment Master Agreement (IMA).
  • Dealing Mandate.
  • On-boarding form.

CBD will make an assessment for suitability after submission of documents.

CBD will send the login credentials over email once the user profile is setup.

Client will open a margin trading account to fund the margin. CBD operations team will move the funds from the margin account to the platform upon request from the client.

It will take 1 day to move the funds from the margin account to the platform.

No, all trades will be cash settled; any profit or loss would be settled at the closing price. No physical delivery of currencies or precious metals would be possible.

Leverage is the ability to control large amounts of capital using very little money; the higher the leverage, the higher the level of risk. FXTradr enables the client to gear up the investment capital through leverage in order to generate higher return in volatile markets.

If at any time the open position exceeds the funds available on the account, the client is at risk of a close-out. Client will be notified at margin utilization levels of 75%, 80%, 85%, and 90%. During the margin call, client is required to deposit more funds into the account. In the event that no action is taken, CBD will close all of the open positions when margin utilization reaches 95%.

The realized profits can be transferred out as long as net equity is above the minimum collateral required for the outstanding open trades.

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