Single Stocks

US Shares

The underlying Stocks for US Shares are traded on either the NASDAQ or NYSE.

Are there any restrictions when trading share CFDS?

Due to restrictions implemented by regulatory bodies, underlying stock exchanges, or liquidity providers that GoDo works with, some shares may be restricted to be “sold short.”

What is the single share CFD financing cost?

The financing cost for your CFD trade is referred to as ‘rollover.’ This is the interest paid for holding a position past 5 PM EST and is based on the size of the position.

What are the share CFD holiday hours?

Due to the global nature of CFDs, traders should be aware of special holiday trading hours observed in each market. GoDo has provided a monthly calendar listing special trading hours during holidays for major markets.

Is there an expiry on a share CFD contract?

There is no expiration on a Share CFD contract.

 

Unlike other derivatives, A CFD is an open-ended contract, if you have not closed your position by the end of the trading day, then the position is rolled into the next day. At this point, financing is paid or received. Provided that you maintain enough available margin, your position is maintained indefinitely.

Why would I trade a share CFD over trading the underlying stock itself?

CFDs give traders a lot of options that they would not otherwise have:

CFDs are traded with leverage

This allows a trader to control a large market position while employing a smaller amount of capital than would be required to control an equivalent position in the underlying asset. Keep in mind, leverage can significantly increase both your gains and losses.

What is a share CFD?

A share CFD is a CFD where the underlying asset is the stock price of a public company.

A CFD, or Contract for Difference, offers you all the benefits of trading shares without having to physically own them. Simply put, it is a contract that mirrors the performance of an underlying instrument. It is traded on margin, and just like physical shares your profit or loss is determined by the difference between the price you buy and the price you sell.