OTC Currency Futures: CFDs on Currency Futures
The futures market is a central financial exchange where specific quantities of a commodity or financial instrument can be traded. Futures contracts are fixed and traded according to quantity, delivery time and location defined by the central financial exchange. What makes a currency futures contract different to spot currency trading is that it has a delivery time set at a specified time in the future.
With currency futures, the price is determined when the contract is signed and the currency pair is exchanged on the fixed delivery date at a future point in time. All Forex futures have a specific termination date, at which point delivery of the currency must occur unless an offsetting trade is made on the original position.
It is important to mention that most people who trade in the futures markets are speculators who usually close their trades before the date of settlement - therefore generally currency future contracts do not last until the date of delivery.
Unlike traditional Currency Futures trading, in OTC trading on Currency Futures, or CFDs on Currency Futures, the trade is performed over the counter (OTC) similar to trading spot FX, which means the trading is done directly between the two involved parties and not via central exchange market.
Why Trade OTC Currency Futures?
- No middlemen
- 24 hours trading
- High levels of liquidity
- Commission free trading
- Profit potential in falling/raising market
- High leverage
- Free demo account
- Free news, charts & analysis
Why Trade OTC Currency Futures with ICM Capital?
ICM Capital offers OTC trading on major currency pairs futures allowing you to speculate on the movement of a specific currency pair futures contract, without having to go through the central exchange market
CFD trading on currency futures with ICM Capital is speedy and straightforward but most importantly it removes the need to trade through a futures exchange broker. It is important to remember that no physical delivery takes place during this process.
- Fast execution
- Efficient use of capital
- Trade from PC & mobile
- Hedging other investments
- High leverage
- Going long/short
ICM Capital offers OTC trading on the following major currency pairs futures:
- EUR/USD Futures
- GBP/USD Futures
- JPY/USD Futures
- CHF/USD Futures