Risk Warning: CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage.
Approximately 80% of retail client accounts lose money when trading in CFDs and spread bets.
You should consider whether you understand how CFDs and spread bets work and whether you can afford to take the high risk of losing your money.

Category: Glossary

Currency that a government declares as legal tender but is not backed by a physical commodity. Its value derives from public confidence and government stability.

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