What is CFD Trading?
A CFD, or Contract for Difference, is an agreement between two parties to exchange the difference between the opening price and closing price of a contract.
The European Economic Area (EEA)
comprises the member states of the European Union (EU), except Croatia which is set to join once their enlargement agreement is ratified by all EEA countries, plus Iceland, Liechtenstein and Norway, member states of the European Free Trade Association (EFTA). It was established on 1 January 1994 following an agreement between the member states of the European Free Trade Association (EFTA) and the European Community (which became the EU). It allows the EFTA-EEA states to participate in the EU's Internal Market without being members of the EU. They adopt almost all EU legislation related to the single market, except laws on agriculture and fisheries. However they also contribute to and influence the formation of new EEA relevant policies and legislation at an early stage as part of a formal decision-shaping process. In addition, independence and direct membership of international bodies in their own right means the countries are able to participate in and become signatories to various conventions, such as the Basel Convention of 1992, that are only adopted by the EU many years later (2007). One EFTA member, Switzerland, has not joined the EEA, but has a similar agreement with the EU.