Market sessions
Sydney
Tokyo
London
New York
Market status
Essential

Derivatives

Financial contracts whose value is derived from an underlying asset, such as a price or index.

Quick answer

A derivative is a contract whose value is derived from an underlying asset.

Definition

A derivative is a financial contract whose value comes from an underlying asset, like a currency, index or commodity. CFDs, futures and options are all derivatives. You can gain exposure to the underlying without owning it, which is how leveraged retail trading works.

How It Works

  • CFDs, futures and options are derivatives
  • You trade exposure without owning the asset
  • Leverage is built into most derivative contracts

Trading Tips

1

Know what asset your derivative tracks

2

Read the contract terms before you trade it

3

Understand that leverage cuts both ways

Back to Glossary
Start Trading

Put Your Knowledge Into Practice

Compare regulated brokers and find the best one for your trading style.

Recommended alternative

We review this broker - here's who we recommend instead

We can only take you directly to brokers we're partnered with. This is the closest vetted alternative we've reviewed and can stand behind.

Compare every broker we rate