NDF CFDs

Kept under wraps for over a decade, NDFs present unprecedented investment opportunities to keen traders worldwide. Sheer Markets is one of the first to offer a viable streaming NDF CFD service to facilitate their trading.

Trading CFDs carries a high level of risk. It is possible to lose all your invested capital.

CFDs on NDFs (Non-Deliverable Forwards)

Sheer Markets NDF offering is designed to emulate the FX trading you are already used to, giving you, the client, the opportunity to trade on the exciting institutional world of NDFs in the retail market. We offer two products:

  • An NDF CFD end of month future where you can realize your trading gains and losses at any time.
  • An NDF CFD spot product has all the characteristics of a normal G20 currency pair, similar to trading EUR/USD.

Both our CFDs on NDF products are designed to allow you to concentrate on these new exotic markets.

A Non-Deliverable Forward is an over-the-counter, short-term, cash-settled currency contract between two counterparties. On the contract settlement date, the profit or loss is calculated based on the difference between the contracted CDF NDF rate and the spot-fixing rate of that day.

We at Sheer Markets are now amongst the first to offer NDF CFDs on a month-end rolling cash basis, just like any other CFD. Our exotic financial market offerings to the retail sector currently grant access to USD/BRL, USD/TWD, USD/KRW, USD/INR, USD/IDR and USD/CNY.

We welcome you to join the NDF CFD revolution today!

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SHEER MARKETS NDF CFDs NOW AVAILABLE

Asset Sub Type Name Sheer Markets Symbol Leverage Initial Margin Requirement Trading Time (GMT + 2)
NDF / Monthly USDBRL USDBRL_November 1:10 10.00% Monday - Friday 14:30 - 22:55
NDF / Monthly USDCNY USDCNY_November 1:20 5.00% Monday - Friday 03:05 - 23:55
NDF / Monthly USDIDR USDIDR_November 1:20 5.00% Monday - Friday 03:05 - 23:55
NDF / Monthly USDINR USDINR_November 1:20 5.00% Monday - Friday 05:05 - 23:55
NDF / Monthly USDKRW USDKRW_November 1:20 5.00% Monday - Friday 02:05 - 23:55
NDF / Monthly USDTWD USDTWD_November 1:20 5.00% Monday - Friday 03:05 - 23:55
NDF / Spot USDBRL USDBRL 1:10 10.00% Monday - Friday 14:30 - 21:55
NDF / Spot USDIDR USDIDR 1:10 10.00% Monday - Friday 03:35 - 21:55
NDF / Spot USDINR USDINR 1:16 6.25% Monday - Friday 04:35 - 21:55
NDF / Spot USDKRW USDKRW 1:20 5.00% Monday - Friday 02:05 - 21:55

 

Sheer Markets end of month NDF CFD will cease trading at midnight on the day before the fixing date of the relevant trading pair. If you do not wish for your position to be automatically closed please ensure adequate arrangements have been made. Please be advised that national holidays can also alter the fixing day and thus close date accordingly.

Example - For end of month April 30th fix date is 28th, all positions therefore will need to be accounted for before midnight of the 27th to avoid auto closeout on the 28th with the fix rate applied when published by the official channels.

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 suffer capital losses when executed on CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.