CFD

A CFD (contract for difference) is an agreement to exchange the difference in an asset’s price between when you open and close a trade. You never own the underlying asset — you simply profit or lose from the price move, and you can go long or short.

Most of what you trade on MetaTrader 4 is CFDs: forex pairs, plus gold, indices, oil, and crypto. CFDs are leveraged, which magnifies both gains and losses.

CFDs are high-risk and restricted for retail traders in some regions — most retail CFD accounts lose money.