FAQ and Glossary

How do I start trading CFDs?

Contact GNI for a brochure. Prior experience of margined products may be required to open an account.

Do I have to invest a minimum amount?

Minimum account opening balance is currently £10,000. There is no minimum trade size when you deal on line. Utilising our phone broking service requires minimum orders of £15000 consideration underlying.

What happens if the CFD provider can no longer borrow the stock?

In extreme cases some stocks can be difficult to borrow or may be withdrawn. GNI will aim to allow a client to maintain his position, however GNI reserve the right to close out a CFD at any time.

When can I trade?

Trading hours are the same as in the underlying market i.e 8:00 until 16:30 in the UK.

What is the settlement period?

CFDs have no associated expiry date but are marked to market on a daily basis.

Glossary

Net equity:

The sum of all cash balances, realised profits and losses, and unrealised profits and losses on a marked to market basis.

Free equity:

Free equity is the net equity figure less any funds set aside as margin against a position. So if a client deposited £20000 and established a CFD position in 25000 Vodafone at 180p (margined at 20%) his free equity would be (£20000-£9000) = £11000.

Ask a Pro

Do you want to find out more about this attractive alternative to normal share dealing?

Email the experts at cfdresearch@gni.co.uk with any questions you have about CFDs.