The table below highlights the key differences between Perpetual Futures and CFDs, including how they are structured, traded, and charged.
Feature | Perpetual futures | CFDs |
Market structure | Derivative contracts providing synthetic exposure to the underlying market. | Over-the-counter (OTC) contract. |
Expiry | No fixed expiry. | Generally, no fixed expiry date. |
Trading direction | Long or short. | Long or short. |
Trading Fees | A taker fee of 3.5 basis points (0.035%), shown on the platform before placing a trade. | Varies — see applicable CFD terms |
Trading hours | Generally 24x7 in New York (EST) time, subject to scheduled maintenance | Generally follows the underlying market's hours; may be unavailable overnight, weekends, or on market holidays. |
Ownership | No ownership of the underlying asset | No ownership of the underlying asset |
Liquidation risk | Yes. | Yes. |
Available on | Axi Trading Platform, MT5 (not MT4) | MT4, MT5 and Axi Trading Platform. |
Perpetual futures may offer access to instruments that are not available through the existing CFD offering.
