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Futures Products

    Among CFD products, futures are the most popular form of trading. CBF offers some of the major futures trading products around the world, including the ICE Dollar Index and the CBOE VIX Index. IC Markets' online futures products provide trading for clients based on the CFD model through the MT4 platform.

    Futures CFDs are quoted based on the underlying futures market, and commissions, financing charges, dividend adjustment fees and other expenses are all calculated in the spread. CBF offers fully competitive quotes for all future CFDs.

Examples of futures CFD trading

    Buy VIX index to open the position

    Number of positions

    Now the VIX index is quoted at: 14.05/14.20. Based on your judgement, the index will rise, so you buy 1 contract at 14.20. (One contract is valued as US $15, so 1 point of fluctuation at the single digit of the quote means US $1). There is no handling fee for futures CFDs. Therefore, if the number at the single digit fluctuates up by 1 point, you will earn US $1; on the contrary, if it fluctuates down by US $1, you will lose US $1.

    Close the position

    After a few days, the VIX rises to 18.00/18.35; you decide to close the position and cash in profits. Therefore, you will sell 1 contract at 18.00. (i.e., the contract of your position)

Calculation
Open the position 14.20
Close the position 18.00
Spread 4.00 points
Trading profit 400 x 1 contract ($0.01 per point) = USD $4.00

Maturity date, spot crude oil and tradable market

    Futures Expiration/transfer Process

    CBF's futures CFDs are set to expire one day before the maturity date of the futures market. When one contract expires, all contracts with open positions will be closed during the last hours of market trading. All positions will not be automatically transferred to the next month. For this reason, any customer who wishes to continue to hold a position will need to reopen the position in a new contract. Since there is a spread between contracts of two maturity dates that are in different months, you will see a gap in the chart. (Note: The following information is from the Internet and for reference only. The specific trading time and the expiration time is subject to the platform.)

Futures Symbol Currency Contract month Maturity date (GMT+3)
US Volatility Index Futures VIXN8 USD JULY-18 17-JULY-18
WTI Crude Oil Futures WTIQ8 USD AUG-18 19-JULY-18
Brent Crude Oil Futures BRENTU8 USD SEP-18 31-JULY-18
WTI Crude Oil Futures WTIU8 USD SEP-18 20-AUG-18
US Volatility Index Futures VIXQ8 USD AUG-18 21-AUG-18
US Dollar Index Futures DXYU8 USD SEP-18 14-SEP-18

Soft commodity expiration information

    CottonZ8 DEC-18 26-NOV-18

Symbol Currency Contract month Maturity date (GMT+3)
SoybeanQ8 USD AUG-18 30-JUL-18
CocoaU8 USD SEP-18 17-AUG-18
CoffeeU8 USD SEP-18 22-AUG-18
OJU8 USD SEP-18 31-AUG-18
CornU8 USD SEP-18 31-AUG-18
WheatU8 USD SEP-18 30-AUG-18
SugarV8 USD OCT-18 27-SEP-18
CottonZ8 USD DEC-18 26-NOV-18

CFD product specification table

    The CBF product specification table provides more information on trading hours, spreads, leverage, etc.

Symbol Margin Market opened Market closed Market suspended Contract month Minimum contract Maximum contract
VIX 1% Monday 1:00 Friday 23:15 23:15~23:30 Every month 1 100
DXY 0.5% 03:00 (Monday 01:00) Frida24:00 24:00~03:00 Every month 1 100

    Remarks:

    Size of trading contract:

    The size of the trading contract depends on the liquidity at the time, market conditions and whether it is traded within regular hours. The minimum number of trading contracts will refer to the trading size of the underlying market. In addition, please note that the basic currency of the futures CFD will be the same as the currency used by the underlying trading products.

    Trading hours:

    CBF's usual standard trading hours are from 17:00 to 17:00 on GMT, but they will be adjusted according to the daylight saving time or holiday time.

    In addition, since the futures subject matter can only be traded within a certain period of time in the futures exchange, we refer to the trading outside of the regular trading time as the trading "outside regular time". In this case, due to the lack of liquidity and other reasons, the spread may be higher than that at the regular time.

    The time in the above table is from the platform.

    Margin / leverage:

    The leverage of the futures CFD product provided by CBF varies from product to product. Please refer to the table above. 1% of the margin means the leverage of 100x, and 0.5% means the leverage of 200x.