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What are futures

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A futures contract is a contract between two parties. One of them undertakes to buy and the other to sell a specified quantity of the underlying instrument or to make an equivalent cash settlement. Such a contract specifies in advance a date (expiry date) and a redemption price. The underlying instruments are, for example, shares, currencies, stock indices.
Even small changes in the price of a futures contract result in much larger changes in the value of your invested equity. This can result in both high investment returns and significant losses, so you should monitor and be prepared to top up your margin.

What are options

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Options are financial instruments in the form of a contract. The holder of an option has the right to buy or the right to sell the underlying instrument at a fixed price (called the strike price) up to an agreed date (called the expiry date). This right is guaranteed to him by the other party to the contract - the option writer. The option holder obtains the right and the option writer assumes the obligation. Depending on whether the right is to buy or sell, two types of options are distinguished:
  • a call option (a.k.a. a call option), which allows the holder to buy a specific stock before a certain date at a certain price
  • a put option (also known as a put option), which makes it possible to sell specific securities before a specified date at a specified price
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As with futures contracts, while investing in options you should take into account the increased investment risk and control the level of margin.

How to start investing in futures and options

If you would like to invest in futures and options with us, set up a brokerage account. Click here for details.

The commission is reduced automatically when higher turnover is achieved (index futures and bonds and WIBOR). The commission can be negotiated (depending on the turnover or order size).

The commission on options orders you place in person, by telephone or online ranges from PLN 2.1 to PLN 12. It can also be negotiated, depending on turnover or order size.