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Any financial transaction with a settlement date two or more business days after the trade date.

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You must review the product disclosure statements of brokers prior to trading. Once you begin trading with a verified broker, you must make your own inquiries as to the suitability of any derivatives products. Any person acting on our content does so entirely at their own risk and should obtain competent financial advice as to the suitability of the product before selecting a broker and/or making any decision to trade on any market.

Derivatives are complex financial instruments and there is a chance of losing investments due to leverage. Trade The Day accepts no responsibility for any consequences that result from use that may be made of the content provided. Please be aware that when trading derivatives, between 72-89 per cent of retail investor accounts lose money when trading derivatives or spread betting. Ensure that you know how derivatives and markets operate and whether the risk can be afforded.

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