What is an NDF?
A Non-Deliverable Forward (NDF) is an outright forward contract in which counterparties settle the difference between the contracted NDF price or rate and the prevailing spot price or rate on an agreed notional amount.
Why do people trade them?
NDFs are prevalent in some countries where forward FX trading has been banned by the government (usually as a means to prevent exchange rate volatility).
Is Leverage Still Available?
High Leverage is available when trading NDF's (20:1 Leverage).
This means that with a US$ 1,000 deposit you can open a position of US$ 20,000.
Which Platform do I trade NDF's on?
NDF Trading is available to trade on our own fully integrated Trading Platform – FCI Pro Trader which also has a number of other advantages.
FCI Pro Trader has many other advantages:
The minimum trade size if 10,000 notional value and the maximum 5,000,000 notional value. The NDF market is an over the counter (OTC) market and trades using the following standard terms / conventions.