How does CFD trading without leverage work?

CFD trading without leverage means using only the funds you deposit – there’s no borrowing or margin involved. Unlike leveraged trading, 1X removes the need to manage margin requirements or risk a margin call. It’s a way to speculate on rising markets with a fixed amount, keeping your exposure and capital outlay clear from the start.

Learn more about CFD trading.

Can you trade CFDs without leverage?

Yes, you can. Capital.com’s 1X account gives you the ability to trade CFDs on a long-only basis (meaning you’ll speculate only on prices rising), without using leverage. Whether you’re new to trading or prefer to manage your risk tightly, 1X offers a straightforward, simplified way to access the markets.

Features of trading CFDs without leverage

No leverage used
Trade using only your deposited funds. There’s no borrowing, no margin, and no amplified gains or losses – just long-only positions on thousands of markets.

No overnight fees
There are no overnight funding charges on 1X positions, helping you manage costs more easily when holding long trades overnight.

See full fee details on our charges and fees page.

Defined exposure limits
Trade up to £20,000 (or currency equivalent) at any one time, with clear limits on how much capital you’re putting into each long-only trade.

Clear, competitive pricing
You pay only the spread – the difference between the buy and sell price. No commission charges apply, just like with all Capital.com accounts.

Straightforward risk protection
Use take-profit and stop-loss orders to help manage your long positions effectively. All accounts include negative balance protection.

Powerful tools
Analyse long setups with advanced TradingView charts, 100+ indicators, multiple chart types and drawing tools – all available on web and mobile.

How to trade CFDs without leverage on Capital.com

Getting started takes just a few minutes:

  • Create your account
  • Make your first deposit

  • Start trading without leverage on web or mobile

Not ready for live trading? You can open a demo account and practise with virtual funds – no risk involved.

What to expect with your 1X account

  • 24/7 customer supportReach us anytime by phone, email or live chat – in your language.
  • In-depth educationBoost your skills with videos, webinars, explainers and courses.
  • Trading ideas and analysisStay informed with fresh insight, strategy ideas and market updates.
  • Global communityJoin 720,000+ traders already on Capital.com.

Learn more before you trade

Discover more about the most important market concepts with our essential guides to trading and risk management, as well as how to practise risk-free on your Capital.com demo account. 

Why trade on 1X with Capital.com?

1 fee

With 1X, you’ll only pay spreads* which are the same as on our leveraged products. No commission charges; no overnight funding charge.

No leverage

Trading without leverage means you can’t lose more than your initial deposit, minimising your risk in the markets.

Limited exposure

Trade using a maximum of £20,000, or currency equivalent, at any one time.

Smart risk management

Stay in control of your trades with our advanced risk-management tools, such as take-profit orders.

Accessible education

Upskill with our comprehensive yet concise trading lessons, and build your expertise with content-rich courses, in-depth guides, quizzes and more.

Advanced charting

Benefit from 75+ technical indicators, 8 timeframes and 6 chart types, and boost your analysis with a suite of drawing tools.

*Our fee for executing your trade is the spread, the difference between the buy and sell price. Find full fee information on our charges and fees page.

Our markets

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US Wall Street 30
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Web platform

Experience our award-winning, user-friendly platform and tap into advanced tools, integrated financial news, personalised watchlists and much more.

Trading app

Harness the power of our advanced platform wherever you are, with smart feeds, instant price alerts, and seamless navigation.

What to expect with your 1X account

24/7 customer care

Access round-the-clock support in multiple languages via phone, email, and live chat.

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In-depth education

Elevate your skills with comprehensive videos, webinars, explainers, strategies and more.

Learn more

Trading ideas

Inform your trades with our latest market analysis and insight in the form of trading ideas.

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FAQs

Is it possible to trade CFDs without leverage?

Yes  – it’s entirely possible to trade CFDs without using leverage. With a 1X account on Capital.com, you use only the funds you deposit, without borrowing additional capital. This means your exposure to market movements is lower, and you can’t lose more than your initial deposit. It’s a more straightforward way to access the same markets – shares, indices and more – without the added risks of leveraged trading.

What are the risks and benefits of CFD trading without leverage?

Trading CFDs without leverage reduces your overall risk. You’re not borrowing money to trade, so your potential losses are limited to your deposit, and you avoid things like margin calls or negative balances. This can help new or cautious traders build confidence and learn how markets move.

That said, unleveraged trading may also limit your potential returns, because you’re trading with only your own capital, gains aren’t magnified the way they can be with leverage. But for many traders, that’s a worthwhile trade-off for greater control and lower stress.

Ready to join a leading broker?

Join our community of traders worldwide
1. Create your account2. Make your first deposit3. Start trading

Read more before you trade

Get the basics of trading

Learn the core concepts of the markets, and build your trading foundation with this essential resource.

Learn to trade

Practise on a demo account

There’s no need to leap into live trading. Try our platform for free and practise without risk by creating a demo account.

Try demo

Trading on margin

Find out how to trade on margin and learn about the benefits and risks involved when trading with leverage.

Go to margin trading guide