CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63.00% of retail investors lose their capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

We are expanding our futures offer. You can now trade SP500 index and orange juice

At Purple Trading, we are expanding our offer of CFD futures symbols by 2 more. The first one is the notorious S&P 500 index, followed by the futures contract for frozen orange juice concentrate.

S&P 500 as a tradable futures symbol: US500.f

This is a derivative contract that allows you to speculate on the price of the S&P 500 index. US500.f is therefore a continuous CFD futures symbol which price is based on the underlying asset. Of course, it should be noted here for the sake of argument that, since it is a CFD instrument, you do not become the owner of the US500.f when trading it. Rather you only speculate on its price.

Continuous in this case means that before each futures contract expires, there is an automatic rollover of the position. This will result in selling of old contracts and the buying of additional nearest futures contracts. These contracts are split by quarter, specifically March, June, September and December.

Trading methods US500.f

 

As with every CFD instrument, with US500.f you can speculate on either rise and/or fall in its price. It can also be a valuable alternative to other CFD futures products we offer at Purple Trading (for example, the VIX volatility index, with which the S&P 500 has an inverse relationship). Furthermore, clients do not pay swap fees for holding a position on this instrument, but only the standard $10/lot fee as with all other CFD futures instruments. However, they must not forget about rollovers.

Clients can also use this instrument to hedge stock portfolios or effectively expand client’s exposure to the US market.

US500.f specification:

 
US500.f specification
Name in Platform US500.f
Leverage ESMA 1:10
Leverage PRO 1:10
Trading hours (GMT+3) Monday to Friday 1:00 – 24:00 
i
Commission 10 USD/lot
Currency USD
Tick size 0.01
Tick value 0.01
Volume step 1
Min trade 1
Max trade 50

Frozen orange juice concentrate - Orangej.f

If you're a fan of the movie Trading places with Eddie Murphy, you'll remember the scene with the shorting of the orange juice concentrate futures. Guess what, now you can find exactly the same product among our CFD futures instruments!

Orangej.f specification

 
  • 1 lot = 2000 pound of frozen concentrated orange juice market (taken directly from GBE)
  • Contracts every two months (Jan, March, May, Jul, Sep, Nov)
  • Traded on ICE (US) exchange
 
Orangej.f specification
Name in Platform Orangej.f
Leverage ESMA 1:10
Leverage PRO 1:10
Trading hours (GMT+3) Monday to Friday 15:00 – 21:00 
i
Commission 10 USD/lot
Currency USD
Tick size 0.01
Tick value 0.2
Volume step 1
Min trade 1
Max trade 50

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