Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Risk disclosure

Last updated [DATE] · Draft — to be reviewed by compliance before publication

Trading carries a high risk of loss

Contracts for difference (CFDs), spot forex and other leveraged products are complex and carry a high risk of losing money rapidly. Most retail clients who trade them lose money. You can lose all of the money you deposit, and with some brokers you can lose more than you deposit.

Leverage magnifies losses

Leverage lets you open a position much larger than your deposit. A small price move against you can therefore cause a large loss, trigger a margin call or close your positions automatically, often at a worse price than you expected — especially around major news, at market opening or when liquidity is low.

Offshore brokers offer fewer protections

Some brokers we list are regulated outside the UK and EU, or not by a major regulator. These firms may offer much higher leverage, may not provide negative-balance protection, and are usually not covered by a compensation scheme or an independent ombudsman. If the firm fails or a dispute arises, you may not get your money back. Always check which company you are opening an account with and how it is regulated.

Costs reduce your returns

Spreads, commissions, overnight financing, currency conversion and other fees are charged whether you win or lose, and add up quickly if you trade often.

Our content is education, not advice

Nothing on Trading Clearly is a personal recommendation or investment advice, and we do not provide trading signals or manage accounts. Examples, calculators and past market behaviour are for illustration only; past performance is not a reliable indicator of future results. If you are unsure whether trading is suitable for you, seek independent advice.

Only trade with money you can afford to lose.