What is a CFD?
Equity CFD is simply an agreement to exchange the difference between the opening and closing price of the share contract without physically owning the share. CFDs provide cost effective and efficient exposure (both Long and Short) to individual Equities.

From 10% Margin of Contract Value
You can take a position in a stock without having to put up the full contract value. Instead you put up a margin deposit as collateral.

Trade Long or Short positions
You can go short a stock and benefit from a decline in its price as easily as you can go long. Margined Equity contracts are much more convenient and less expensive than shorting stock via your broker.

No Stamp Duty Payable*
This equates to a 0.5% saving on UK CFDs.

No Settlement Period
Hold your long or short as long as you like- no more Account Period or T+20 limitations.

No Widening of Bid-Offer spread
With MF Global there is a direct correlation between the Equity CFD and the underlying share price.

Trade on most International Markets
Trade CFDs on UK, US and European markets as well as CFDs on ADRs and GDRs and back to back CFDs for far East and Australian markets.

Click here for all the markets covered.

Hedge a Portfolio
CFDs can be used as hedging tools to complement existing share portfolios where for example long-term holdings are in a period of short-term decline or where selling physical holdings would be untimely because of capital gains tax liabilities.

CFD SIPP Accounts
MF Global is now able to give you all the benfits of CFD trading within a SIPP account. We have teamed up with several SIPP providers to offer this facility.

Use your Stock as Collateral
Open an account by transferring your existing portfolio into a custody account with us, allowing you to use the value instead of, or alongside your cash.

Easy Order Placement
Dealing in the CFD is undertaken in the same traditional manner as the underlying cash market, with no additional paperwork required.

Secure Internet Access to your Daily Statements.

Net Dividends Received on Long CFDs
However, you will be debited any dividend payments on short position.

Free Research
click here for details.

New Online Trading Platform

• Real time Charts
• UK Level 2
• Submit your own bids and offers into the real market
• Interact with the order book and participate in auctions

Click here for info on Online CFD Trading.

CFDs vs Spreads

If you want to trade CFDs, you have 2 basic choices:

1. Trade through a company that doesn't charge commission, but adds a spread to the market's prices.
2. Use a company that charges commission, but lets you trade on real market prices without added spreads.

Perhaps the most important aspect to successful trading is dealing at the best prices. Some companies do not charge commission, but instead may add, 0.5p to both sides of the price in the stock market. If the price is around 100p, that would be equivalent to charging commission of 0.5% per trade.

The ‘spread’ is the traders biggest cost, yet it never appears on the contract note. With MF Global , the real cost of your trading could be halved!

Once you’ve got used to using Level 2 and trading at prices between the market spread, you won’t want to go back to being told what prices you can deal at and paying big spreads.

• Fed up with paying wide spreads?
• Fed up with prices being skewed against you?
• Fed up with being requoted?

Try CFDs

*UK tax regulations may change.