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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

ETN definition

ETN stands for exchange traded note. It is a type of exchange traded product (ETP), meaning it is traded on exchanges like exchange traded funds (ETFs) and exchange traded commodities (ETCs).

Unlike other ETPs, ETNs seek to track the performance of an index or product by using a debt security, such as a swap agreement.

Some ETNs are unsecured investments, and may also have limited oversight from regulators. This lack of protection means that ETNs can have a high level of risk for a retail investor.

Visit our ETF section

You can learn more about the terms associated with ETF trading with our ETF glossary.

A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - Y

See all glossary trading terms

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