An option is a contract that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at an agreed price within a set period of time. Traders can use options to speculate on price movements, hedge an existing position, or trade around volatility.

With us, you'll use a CFD account to trade over-the-counter (OTC) options that are cash-settled. This means your trades are settled in cash and don't give you any ownership of, or rights in, the underlying asset.

OTC options are complex instruments and carry a high degree of risk. If you're a retail (non-professional) client, opening a long OTC option means you risk losing the entire margined amount, and opening a short OTC option means your potential loss is unlimited.

*OTC = over the counter.