CFD and Forex Trading, best cfd trading platform.

Best cfd trading platform


A CFD (contract for difference) is a financial product which "imitates" the behavior of another called "underlying asset".

Free forex bonuses


CFD and Forex Trading, best cfd trading platform.


CFD and Forex Trading, best cfd trading platform.


CFD and Forex Trading, best cfd trading platform.

An easy way to go long or short on gold, silver, oil.
More on commodities


CFD and forex trading


Compare forex and CFD brokers


Find a suitable forex and CFD broker. Compare


Free demo accounts


With a demo account you can get familiar with trading in cfds and forex for free.
Try a demo


What is leverage?


A CFD enables you to trade an asset by paying just a small fraction of the total price.
More on leverage


Trade in commodities


An easy way to go long or short on gold, silver, oil.
More on commodities


Forex trading


Speculate on the foreign exchange market 24 hours a day.
More on forex


Stock trading


Thanks to cfds you can trade in stocks with a limited investment.
More on stocks


What are cfds?


A CFD (contract for difference) is a financial product which "imitates" the behavior of another called "underlying asset".


This underlying asset can be a share, oil, gold or any other asset from any financial market.


It is a contract between you and your broker since you will never physically own the product you bought or sold.


However if the price of a CFD you bought rises, you'll earn money and if it falls you'll take a loss.


A CFD is much cheaper than the price of the underlying asset. This feature makes it more accessible to trade with.


When trading with cfds, you will have to pay a small fee called "spread".


With cfds, you can speculate on rising or falling prices of stocks, indices, forex or commodities!


Thanks to a free demo you can get acquainted with cfds on shares, indices and raw materials. Apply for a free demo of the trading platform at one of the brokers we have selected.


After that, you can switch to a real account and add money to your account with a bank transfer or a credit card, among others, so that you can always quickly get down to work on the market.


Trading with a leverage effect


Thanks to cfds you can enjoy a leverage effect, just like you know from other products like options. But cfds don't expire and don't lose value over time.


Unlike many other financial products, you can decide beforehand how much money you want to risk losing at most.


You can do this by placing a stop loss for each position. You should preferably choose a guaranteed stop.


To protect the trader, at european regulated brokers such as plus500, fortrade and markets, positions are automatically stopped out as soon as the margin is used up: your account will never go below zero.


Long and short


With cfds, you can easily go long and speculate on rising prices, but it's also possible to open short positions, so you'll win money when prices are falling.


With cfds it really doesn't matter if the market is rising or falling, you can profit from both these moves, up or down.


CFD trading: low costs


On the CFD and forex platforms, you trade with very competitive spreads.


You don't pay any commissions with most of the brokers: the trading costs are covered by the bid/ask spread and by the premium, you pay if you keep the position open for more than one day.


On a yearly basis, the interest over this amounts to only a small percentage.


More about cfds


On the CFD's and leverage effect page you can learn more about how the leverage works and how you can control it.


Be sure not to use the highest leverage available!


Open an account


Compare the CFD platforms and try the free demos or open an account right away.


With an account, you can trade cfds on shares, indices, commodities (oil, gold, silver, platinum, etc.) and on the forex market (currencies).


With the free demo, you can practice with a fictitious capital so that you learn how to trade with cfds and familiarize yourself with the platform from the brokers we selected.


Cfds are leveraged products and trading with leverage can result in the loss of your entire deposit. Trading cfds or forex may not be suitable for you, so make sure you understand all the risks.


Trading cfds carries considerable risk of capital loss. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money.


Our website is free for our visitors, but in order to provide this free service we may be compensated, receive commissions or advertising fees from brokers listed on our website.


Cfd-tradingplatform.Com is a website with information about trading forex and cfds.


Cfd-tradingplatform.Com does not give personal advice. For personalized information, you should contact your investment advisor.


There are numerous CFD and forex brokers and trading platforms, it's not always easy to make a good comparison. On this website you'll find some information about a couple of trading platform. Trading in cfds and forex always means the broker is your counterparty, so it's good to work with more than one broker in order to limit the counterparty risk.



CFD trading in india


CFD trading in india can open the door to lucrative markets. But firstly, is online CFD investing allowed and legal in india? We’ll explain the rules before looking at the best trading brokers and platforms.


Best CFD brokers in india


What is A CFD?


A contract for difference (CFD) is a derivative, meaning you don’t take ownership of the underlying security. Essentially, two parties agree to exchange the difference between the current asset’s price and the market value at the contract close.


Let’s say you were trading cfds on indian stocks, such as coal india. If the market moved against you, you would pay the broker the difference between the current market price and the value of the asset at the contract time. If the market moved in your favour, the broker would instead pay you the difference.


Markets


CFD trading in india is attractive because it allows for market diversification. You can trade on stocks and shares, forex, futures, options, gold, and more. And because online cfds are a relatively straightforward instrument, it’s easy to switch between commodity trading and the indian stock market index, for example.


Finance


The other benefit of cfds is the ability to trade on leverage. Brokers take collateral, known as margin, and then lend you funds so you can take position sizes that wouldn’t be possible with your cash balance alone. Not only does this increase the size of possible returns, but it also means you have capital left to take positions elsewhere. On the flip side, leveraged investing does increase risk exposure.


For more information on CFD basics, including day trading strategies, see here.


Is CFD trading in india legal?


Whether CFD trading in india is legal and allowed is a grey area. The securities and exchange board of india (SEBI) hasn’t yet rolled out laws to regulate cfds. As a result, there isn’t a licensing system, which means you can’t find regulated brokerages based in india. Instead there are many unlicensed websites, where users won’t receive any legal protection.


So, if you want to trade cfds on indian stocks, for example, you should turn to companies based outside of india. Likewise, indian residents will need to turn to offshore providers.


How to choose a CFD trading broker


The good news is there is a long list of CFD brokers in india. Key considerations when choosing a provider include:



  • Regulation – make sure the broker holds a license with at least one of the following regulatory bodies: UK financial conduct authority (FCA), malta financial services authority (MFSA), european securities and markets authority (ESMA), cyprus securities and exchange commission (cysec), australian securities and investments commission (ASIC).

  • Reputation – not only is it important that the exchange is licensed with a respected body, but also that it gets positive customer reviews.

  • Mobile apps – online CFD trading in india is commonly done via a mobile app. So, check the broker’s platform will be compatible with your mobile device. Also check you can make deposits and withdrawals from your phone.

  • Markets – one of the merits of CFD investing is wide-ranging products. With that in mind, check you’ll have exposure to all the markets you want, such as indian stock market indices.

  • Customer service – fast and straightforward access to customer support in a language you can understand is important. You don’t want to be jumping through hoops when your money is on the line. Also, if companies are based in different time zones to you, make sure you’ll have access to support during the times you’ll be active.

  • Fees – fees usually come in the form of commissions and spreads. Commissions will be paid on each trade while spreads will include a mark-up for the broker’s services. If you wrack up serious trading volumes, even small cost differentials will add up.



See our list of the best online CFD trading brokers.


Best platforms


What the best online platform is for CFD trading in india will be down to the user. With that said, the metatrader 4 (MT4) desktop and mobile platform is the most widely used. It’s reliable, easy to pick up, and allows for advanced charting and pattern analysis. The traders workstation (TWS) is another popular choice. Fortunately, many brokers today offer multiple options. Sign up for a demo account and have a play around to see which system works for you.


Final word


CFD trading in india is allowed, however, there isn’t the robust legal protection found elsewhere. Signing up with a broker from india is therefore risky. Instead, it’s worth choosing a broker licensed in another jurisdiction. The best brokers and platforms can be found on our list.



CFD trading in india is legal and allowed. However, because there isn’t effective regulatory oversight through a licensing system, indian investors will need to open accounts with respected offshore brokers. Non-indian residents can also trade cfds on indian stocks through offshore brokerages.


How do I trade cfds in india?


To start day trading cfds in india, you will first need to open an account with a licensed broker. Once you’ve deposited funds into your account you can then take a position on your trading platform. For guidance on CFD trading strategies, including risk management advice, see here.


How much money do I need to start CFD trading in india?


Minimum account deposits vary among brokers, but you can start trading cfds with 4,000 INR. Margin requirements will also change depending on the provider, but are often between 5% and 25%.


Is it free to make deposits and withdrawals CFD trading in india?


Whilst deposits and withdrawals are usually free, if you’re using an offshore CFD broker there may be a currency conversion charge.


Do I need to pay taxes on CFD trading in india?


Profits generated from CFD trading in india may be taxable. The extent of your tax obligations will depend on how your trading activity is classed. See here for further guidance on day trading taxes.



Best CFD trading platforms


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Securities.Io is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Please view our affiliate disclosure. Trading involves risk which may result in the loss of capital.


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Trading cfds is becoming more and more popular. This is thanks to the great flexibility offered by this form of derivative trading. You can benefit from both sides of the market and in some of the most secure, low-fee trading environments thanks to the best CFD brokers.


All of these brokers offer access to some of the best, most comprehensive trading platforms in the industry. Since the best trading platforms are integral to your daily life in trading, we have put together this top 5 listing of the best available.


best CFD trading platforms


XM is a well-recognized broker name in the industry and one of the top choices for cfds trading in the market today. They have been around since 2009 and are very securely regulated around the world.


When it comes to the trading platforms available here, you will have access to two of the most respected in the world. These are both MT4 and MT5 trading platforms from metaquotes. Metatrader 4 has been around for almost 2 decades and is still the go-to choice for most new or experienced traders in the industry.


You can look forward to trading some of the more than 1,200 cfds available with XM through these platforms that offer an extremely robust, easy to use environment. What makes both platforms a firm favorite beyond ease of use is that you can highly customize all of the charts and indicators you look at. The platforms come with a huge stock of charting tools and indicators that you can utilize when studying the assets.


Beyond this, both trading platforms are extremely lightweight and can run on almost any device. This is an important advantage for not missing any market moves and executing your trades quickly. They are also offered in all three available forms by XM, on desktop, web-based, and mobile.


For more on XM, their assets, trading platforms, and everything they have to offer, feel free to check out our full XM review or visit XM.


best CFD trading platforms


Avatrade is another long-time broker that has established a strong presence and following in the sector. They have been around since 2006 and the irish-based broker is considered by many as one of the best CFD trading brokers available.


With avatrade you can trade their hundreds of available cfds through a number of trading platforms. These include both MT4 and MT5 as well as the avatrade proprietary trading platform which is web-based, and the avatradego proprietary platform which is available for mobile trading.


These platforms provide a very much enhanced visual appeal and are also both extremely intuitive and user-friendly. You will also be able to access a great range of tools and features to help in creating a fully customized trading experience. Both trading platforms also cater for extremely fast order execution and a number of unique features that avatrade makes available to help your manage your risk.


Our full avatrade review is always available also to help you gain a deeper understanding of everything this top broker has to offer or visit avatrade.


best CFD trading platforms


FXTM is another top CFD trading broker with many years of experience under their belt. They have been around since 2011 and have a comprehensive offering of the most trusted trading platforms in the industry to choose from.


You can trade more than 250 cfds that are available with FXTM through either the MT4 or MT5 trading platforms. These are both renowned in the sector as being some of the most trusted and reliable trading platforms you can find. MT4 offers dozens of charting tools and indicators for you to choose from as well as a highly customizable trading experience based on your needs. MT5 offers many of the same great features with some more flexibility and added features while both platforms are extremely easy to run.


Both new and experienced traders can benefit from the range of features and tools on offer with the platforms being very easy to use, and more advanced tools like auto trading through the use of eas being appealing to more experienced traders.


FXTM is a broker with something to offer all traders in terms of trading platforms and beyond. Check out full details on everything else you can expect from them with our full FXTM review or visit FXTM.



CFD and forex trading


Compare forex and CFD brokers


Find a suitable forex and CFD broker. Compare


Free demo accounts


With a demo account you can get familiar with trading in cfds and forex for free.
Try a demo


What is leverage?


A CFD enables you to trade an asset by paying just a small fraction of the total price.
More on leverage


Trade in commodities


An easy way to go long or short on gold, silver, oil.
More on commodities


Forex trading


Speculate on the foreign exchange market 24 hours a day.
More on forex


Stock trading


Thanks to cfds you can trade in stocks with a limited investment.
More on stocks


What are cfds?


A CFD (contract for difference) is a financial product which "imitates" the behavior of another called "underlying asset".


This underlying asset can be a share, oil, gold or any other asset from any financial market.


It is a contract between you and your broker since you will never physically own the product you bought or sold.


However if the price of a CFD you bought rises, you'll earn money and if it falls you'll take a loss.


A CFD is much cheaper than the price of the underlying asset. This feature makes it more accessible to trade with.


When trading with cfds, you will have to pay a small fee called "spread".


With cfds, you can speculate on rising or falling prices of stocks, indices, forex or commodities!


Thanks to a free demo you can get acquainted with cfds on shares, indices and raw materials. Apply for a free demo of the trading platform at one of the brokers we have selected.


After that, you can switch to a real account and add money to your account with a bank transfer or a credit card, among others, so that you can always quickly get down to work on the market.


Trading with a leverage effect


Thanks to cfds you can enjoy a leverage effect, just like you know from other products like options. But cfds don't expire and don't lose value over time.


Unlike many other financial products, you can decide beforehand how much money you want to risk losing at most.


You can do this by placing a stop loss for each position. You should preferably choose a guaranteed stop.


To protect the trader, at european regulated brokers such as plus500, fortrade and markets, positions are automatically stopped out as soon as the margin is used up: your account will never go below zero.


Long and short


With cfds, you can easily go long and speculate on rising prices, but it's also possible to open short positions, so you'll win money when prices are falling.


With cfds it really doesn't matter if the market is rising or falling, you can profit from both these moves, up or down.


CFD trading: low costs


On the CFD and forex platforms, you trade with very competitive spreads.


You don't pay any commissions with most of the brokers: the trading costs are covered by the bid/ask spread and by the premium, you pay if you keep the position open for more than one day.


On a yearly basis, the interest over this amounts to only a small percentage.


More about cfds


On the CFD's and leverage effect page you can learn more about how the leverage works and how you can control it.


Be sure not to use the highest leverage available!


Open an account


Compare the CFD platforms and try the free demos or open an account right away.


With an account, you can trade cfds on shares, indices, commodities (oil, gold, silver, platinum, etc.) and on the forex market (currencies).


With the free demo, you can practice with a fictitious capital so that you learn how to trade with cfds and familiarize yourself with the platform from the brokers we selected.


Cfds are leveraged products and trading with leverage can result in the loss of your entire deposit. Trading cfds or forex may not be suitable for you, so make sure you understand all the risks.


Trading cfds carries considerable risk of capital loss. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money.


Our website is free for our visitors, but in order to provide this free service we may be compensated, receive commissions or advertising fees from brokers listed on our website.


Cfd-tradingplatform.Com is a website with information about trading forex and cfds.


Cfd-tradingplatform.Com does not give personal advice. For personalized information, you should contact your investment advisor.


There are numerous CFD and forex brokers and trading platforms, it's not always easy to make a good comparison. On this website you'll find some information about a couple of trading platform. Trading in cfds and forex always means the broker is your counterparty, so it's good to work with more than one broker in order to limit the counterparty risk.



CFD trading in india


CFD trading in india can open the door to lucrative markets. But firstly, is online CFD investing allowed and legal in india? We’ll explain the rules before looking at the best trading brokers and platforms.


Best CFD brokers in india


What is A CFD?


A contract for difference (CFD) is a derivative, meaning you don’t take ownership of the underlying security. Essentially, two parties agree to exchange the difference between the current asset’s price and the market value at the contract close.


Let’s say you were trading cfds on indian stocks, such as coal india. If the market moved against you, you would pay the broker the difference between the current market price and the value of the asset at the contract time. If the market moved in your favour, the broker would instead pay you the difference.


Markets


CFD trading in india is attractive because it allows for market diversification. You can trade on stocks and shares, forex, futures, options, gold, and more. And because online cfds are a relatively straightforward instrument, it’s easy to switch between commodity trading and the indian stock market index, for example.


Finance


The other benefit of cfds is the ability to trade on leverage. Brokers take collateral, known as margin, and then lend you funds so you can take position sizes that wouldn’t be possible with your cash balance alone. Not only does this increase the size of possible returns, but it also means you have capital left to take positions elsewhere. On the flip side, leveraged investing does increase risk exposure.


For more information on CFD basics, including day trading strategies, see here.


Is CFD trading in india legal?


Whether CFD trading in india is legal and allowed is a grey area. The securities and exchange board of india (SEBI) hasn’t yet rolled out laws to regulate cfds. As a result, there isn’t a licensing system, which means you can’t find regulated brokerages based in india. Instead there are many unlicensed websites, where users won’t receive any legal protection.


So, if you want to trade cfds on indian stocks, for example, you should turn to companies based outside of india. Likewise, indian residents will need to turn to offshore providers.


How to choose a CFD trading broker


The good news is there is a long list of CFD brokers in india. Key considerations when choosing a provider include:



  • Regulation – make sure the broker holds a license with at least one of the following regulatory bodies: UK financial conduct authority (FCA), malta financial services authority (MFSA), european securities and markets authority (ESMA), cyprus securities and exchange commission (cysec), australian securities and investments commission (ASIC).

  • Reputation – not only is it important that the exchange is licensed with a respected body, but also that it gets positive customer reviews.

  • Mobile apps – online CFD trading in india is commonly done via a mobile app. So, check the broker’s platform will be compatible with your mobile device. Also check you can make deposits and withdrawals from your phone.

  • Markets – one of the merits of CFD investing is wide-ranging products. With that in mind, check you’ll have exposure to all the markets you want, such as indian stock market indices.

  • Customer service – fast and straightforward access to customer support in a language you can understand is important. You don’t want to be jumping through hoops when your money is on the line. Also, if companies are based in different time zones to you, make sure you’ll have access to support during the times you’ll be active.

  • Fees – fees usually come in the form of commissions and spreads. Commissions will be paid on each trade while spreads will include a mark-up for the broker’s services. If you wrack up serious trading volumes, even small cost differentials will add up.



See our list of the best online CFD trading brokers.


Best platforms


What the best online platform is for CFD trading in india will be down to the user. With that said, the metatrader 4 (MT4) desktop and mobile platform is the most widely used. It’s reliable, easy to pick up, and allows for advanced charting and pattern analysis. The traders workstation (TWS) is another popular choice. Fortunately, many brokers today offer multiple options. Sign up for a demo account and have a play around to see which system works for you.


Final word


CFD trading in india is allowed, however, there isn’t the robust legal protection found elsewhere. Signing up with a broker from india is therefore risky. Instead, it’s worth choosing a broker licensed in another jurisdiction. The best brokers and platforms can be found on our list.



CFD trading in india is legal and allowed. However, because there isn’t effective regulatory oversight through a licensing system, indian investors will need to open accounts with respected offshore brokers. Non-indian residents can also trade cfds on indian stocks through offshore brokerages.


How do I trade cfds in india?


To start day trading cfds in india, you will first need to open an account with a licensed broker. Once you’ve deposited funds into your account you can then take a position on your trading platform. For guidance on CFD trading strategies, including risk management advice, see here.


How much money do I need to start CFD trading in india?


Minimum account deposits vary among brokers, but you can start trading cfds with 4,000 INR. Margin requirements will also change depending on the provider, but are often between 5% and 25%.


Is it free to make deposits and withdrawals CFD trading in india?


Whilst deposits and withdrawals are usually free, if you’re using an offshore CFD broker there may be a currency conversion charge.


Do I need to pay taxes on CFD trading in india?


Profits generated from CFD trading in india may be taxable. The extent of your tax obligations will depend on how your trading activity is classed. See here for further guidance on day trading taxes.



Compare CFD brokers (contract for difference trading)


I don’t believe there is a ‘single’ best contract for difference (CFD) broker or CFD account, that would meet every trader’s needs. Same as there is no single CFD trading platform, indicator or trading strategy that is best for everyone, nor is there simply one best CFD provider suited to all online traders. Trading cfds is a very personal endeavour, with differing available capital, risk tolerance, trading strategy, trading platform and CFD account requirements. It can also be difficult for traders to know who are the truly reputable CFD brokers in australia.


Australian CFD Broker Comparison


It’s for this reason I have reviewed 1 in detail and compiled the CFD providers list below for 2021. These cover key features traders often look for and make it easy to find the best CFD broker to meet your needs.


Below are trading account comparisons for the cheapest online CFD trading, direct market access (DMA cfds) providers, and largest product range CFD brokers. For traders looking for forex cfd brokers, the providers listed below all offer forex cfds, in addition to contracts for difference on world indices, international and ASX stocks, commodities and much more.


Australian regulated CFD providers comparison


To view our detailed CFD broker reviews, and individual ratings criteria 1 , simply click on the “read our full review” button in the comparison tables below.


Key difference editor ratings are awarded based on an evaluation of price, quality and features. 1 '>


Negative balance protection


Negative balance protection an evaluation of how easy to use the brokers primary trading platform is.'>


Australia 200 index spreads


Australia 200 index spreads


TradeDirect365 CFD Provider


Low cost CFD broker
easy trading platform view detailed tradedirect365 review'>


Negative balance protection


Australia 200 index spreads


 IG Markets Limited. ABN 84 099 019 851


Largest range of markets
DMA cfds available view detailed IG australia review'>


Negative balance protection


Australia 200 index spreads


Min. (fixed) spread at 1.0 pts
4 points
18.00-19.00 -> 2 points
19.00-03.30 -> 1 point
03.30-08.00 -> 2 points
08.00-11.15 -> 5 points'>


Min. (fixed) spread at 1.0 pts
3 points
18.00-19.00 -> 2 points
19.00-03.30 -> 1 point
03.30-08.00 -> 2 points
08.00-12.00 -> 4 points'>


Min. (fixed) spread at 1.0 pts
2.4 points
01.30-08.00 -> 1.6 points
08.15-08.30 -> 9.8 points
09.00-10.00 -> 9.8 points
all other times -> 3.8 points'>


Min. (fixed) spread at 1.6 pts


$0 (for bank transfers)
$450 (for any other funding methods)


FP Markets


Direct market access (DMA) on all cfds offered view detailed FP markets review'>


Negative balance protection


Australia 200 index spreads


1 broker ratings quoted in the above CFD brokers review and account comparisons, are an overall average rating. The calculation is based on the six review criteria displayed on all CFD providers individual review pages:



  • Pricing (based on spreads, commissions and other costs or fees),

  • Range of instruments,

  • Speed of execution,

  • Trading platform features,

  • Overall ease of use, and

  • Customer support



The individual rating breakdown for the above criteria can be easily accessed by simply clicking the review rating in the above tables or clicking the “read our full review” button.


CFD and Forex Trading, best cfd trading platform.


Stuart young has well over a decade of trading experience that he draws on in his reviews.


Experience from prior roles in a trading room and working for a brokerage firm complement his hands-on in-depth experience in the online trading industry.


CFD and Forex Trading, best cfd trading platform.


Trade cfds online


Cfds provide an alternative, flexible way to trade the price movements of thousands of global markets including stocks, foreign exchange, indices, commodities, binary options and more, without owning the underlying financial instrument. Trading cfds online therefore reduces the capital, and margin requirements, often needed to trade such markets.


With online CFD trading, you do not buy or sell the underlying asset (eg physical shares such as ASX CBA or BHP). Instead you buy or sell a number of units (eg 1 BHP share CFD unit may be equivalent to 1 physical BHP share) to take advantage of trading opportunities. Because you don’t need to buy the underlying asset, you can benefit from share price movements with a fraction of the capital. Cfds are a leveraged product, so you trade with a margin where you only deposit a fraction of the full cost of the asset.


Unlike other derivative products like options and warrants, cfds do not have a time limit. You can keep an open position with a CFD for as long as you want to take maximum advantage of the market movements. In the CFD market you are not forced to close a position because of an expiry date.


CFD broker trading platforms and demo accounts


A CFD trading platform is the system or software a CFD provider uses to allow you to make CFD trades.
When opening an account with a CFD broker, you are generally given online access to their online trading platform. Depending on the type of CFD account, you may also have access to more sophisticated platforms such as IRESS trader & metatrader (MT4 or MT5) trading platforms.


Many CFD brokers have a demo account where you can ‘test drive’ their online trading platform. These demo accounts are also useful for testing your CFD trading strategies, before opening a live CFD account. On all our CFD broker reviews we provide links to the brokers demo accounts. We highly recommend opening a demo account for each contract for difference provider you’re considering for a trading account.


Understanding contract for difference (CFD) trading – ASIC australia resources


ASIC’s andrew templer explains below the concepts of a ‘long position’; ‘short position’ (short selling); leverage meaning; initial margin; and margin calls:


Additional CFD trading resources and information


For further information please click for our CFD trading australia article which outlines how to trade cfds online; benefits and risks of contracts for difference; trading strategy; direct market access (DMA); and examples of the best CFD trading platforms.


Online brokers australia aims to regularly update information on this web site and provide a “last updated” date at the bottom of every page to ensure you know when any updates were last made to the review page. However, you should always click on the “view website” button and check the details directly on the brokers or providers site first, to confirm the details and ensure they will suit your online trading needs.


A full CFD providers australia list can also be found on our CFD brokers directory partner site.


As stated at the beginning of this comparison, I don’t believe there is a single best CFD provider that is best for everyone. Instead, I firmly believe there is a selection of reputable providers which traders then need to compare to find which has the features you require for your own trading experience and strategy requirements.
Essentially the question is really “which CFD broker is best for my trading requirements, style and experience?”.


Although this distinction seems small, it is critical and often overlooked when CFD traders are looking to open a new trading account.
Online brokers australia comparison of australian regulated contract for difference providers gives an easy comparison of key features that are not always easy to find on the brokers web site (eg. Spreads, fees, negative balance protection, key differences and much more). Click to compare CFD providers in australia


You’ll find the best review sites have the following, simple to confirm, characteristic … they are NOT run by “faceless” reviewers, hiding behind web site privacy and the anonymity of the internet.


Stuart Young - Online Brokers Australia Reviewer and Founder
Stuart young (founder) draws on over 10 years trading experience in his broker reviews. Experience from prior roles in a trading room and working for an australian brokerage firm complement his hands-on, in-depth experience in the contract for difference trading industry.


Don’t take a leap of faith opening a CFD trading account when you don’t know who has written the review, or more importantly, their credentials! Click to compare CFD providers in australia


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Best CFD trading platform australia for 2020


Choosing the best CFD broker in australia for your needs can be a time-consuming task. You can use this article on the best CFD brokers in australia, to short-list your candidates before making an informed decision on who you go with. Many CFD brokers and CFD trading platforms offer CFD trading to the investment public in australia.


We picked the top 5 CFD brokers for australian citizens.


Here are the top CFD brokers in australia in 2020:



  1. Plus500 – best CFD platform for australian traders. Listed on the LSE (london stock exchange)

  2. Avatrade – global CFD broker. Large variety of CFD instruments. Powerful platform.

  3. Etoro – best copy trading platform. Easy account opening. Free stock and ETF trading.

  4. XTB – trusted by 170,000 clients. Listed on the stock exchange.

  5. IG – wide variety of markets available.


Best CFD platforms for australians



XTB is a global CFD broker based in europe that offers its services to clients in australia. This provider charges low fees on stock index CFD trades and offers a quick online registration process that only takes a few minutes to be completed.


Additionally, deposits and withdrawals can be made without incurring an extra charge, which is great for traders with a limited amount of capital.


CFD trading fees for this broker are on the low-end of the industry and these are the average spreads charged for the most popular instruments:



  • S&P CFD trading fees: 0.6 average spread.

  • Europe 50 CFD trading fees: 2.2 average spread.



For individual stocks, fees are a bit higher compared to the CFD trading platforms mentioned above.
As a reference, for a hypothetical $2,000 long position held for one week with a leverage ratio of 5:1 the cost of trading an apple CFD would be $17.9.


Available markets


This is a list of the CFD instruments offered by XTB:



  • 42 stock index cfds.

  • 1,700 individual stock cfds.

  • 103 ETF cfds.

  • 18 commodity cfds.

  • 3 bond cfds.

  • 25 cryptocurrency cfds.



Account opening


The minimum deposit to open a CFD trading account with this broker is $250 and two accounts are available: the standard and the pro account.


The standard account offers wider spreads but no commission fees on CFD trades while the pro version offers tighter spreads but with an extra commission fee. XTB offers various base currencies for its accounts including the australian dollar, which is good news as clients in australia can save money on conversion fees.


Deposit & withdrawal


No deposit fees are charged by this broker for debit card, credit cards, or bank transfers, but a 2% charge applies to e-wallet deposits. No withdrawal fees are charged by this broker as long as the withdrawal is higher than $100. Withdrawal amounts lower than $100 incur a $20 fee.


Deposits can be made via debit card, credit card, e-wallet, and bank transfer, while withdrawals can only be made via bank transfer.


5. IG markets


IG markets is a UK-based CFD broker that provides access to more than 16,000 different markets and offers competitive trading fees to investors in australia.


The cost of trading CFD with IG markets varies depending on the instrument. This list references the trading fees charged by IG markets for different underlying assets:



  • Individual stock CFD trading fees: 0.1% of the value of the contract.

  • Commodity CFD trading fees: 0.3% of the value of the contract

  • Index CFD trading fees: 0.4% of contract value.

  • Cryptocurrency CFD trading fees: 0.2% of contract value.



There’s also an inactivity fee of $12 per month if the user fails to log into the account for more than 24 months.


Available markets


IG markets offers the following number of underlying assets for its cfds:



  • 68 stock index cfds.

  • 10,500 individual stock cfds.

  • 1,900 ETF cfds.

  • 47 commodity cfds.

  • 13 bond cfds.

  • 8 cryptocurrency cfds.



Account opening


The minimum deposit to open an account with IG markets is $300 for debit, credit cards, and e-wallets while no minimum is required for bank transfers.


The process of verifying an account with IG markets is reportedly slower than usual, as it takes an average of 3 days to complete it.


Deposit & withdrawal


Not additional charges are collected for deposits or withdrawals made with IG markets and accounts in australian dollars are available for residents of australia.


You can only change the base currency of your account by writing an e-mail to IG markets’ customer service department.
Deposits can be made via debit card, credit card, bank transfer, or e-wallet and the same applies for withdrawals except for e-wallets which are not supported for withdrawing money.


What should you look for in a CFD broker?


There are many key variables you should consider when choosing the best CFD broker in australia and some of them are:



  • Reliability of the CFD provider: your CFD broker should be regulated by an agency from a tier-1 jurisdiction, such as ASIC, and the company should have a clean record of transparency and excellent customer service so you can feel safe enough as to entrust them with your money.

  • Available underlying assets & markets: traders like to have a wide variety of available financial instruments they can trade by using cfds. Your CFD broker should be able to provide you with access to a wide range of markets and global stock exchanges.

  • Conditions to open an account: each broker has a certain criteria to open an account with them including a minimum deposit required, whether they offer an AUD-based account, the process of opening such account, etc. You should know what to expect when registering with them.

  • Deposit & withdrawal conditions: depositing and withdrawing money from your CFD broker should be fast and easy. Some brokers charge a deposit fee while others charge withdrawal fees or impose a minimum withdrawal amount and these are all details you should know before you deposit your money with them.

  • Trading fees: the cost of trading cfds is comprised of various elements including a spread that varies depending on the underlying asset, an overnight trading fee if you hold the CFD for longer than a day, and the cost incurred for leveraging your transaction.

  • Non-trading fees: brokers commonly charge other fees aside from their regular trading fees including inactivity fees, deposit fees, withdrawal fees, account opening fees, or premium-access fees.

  • Trading platform: since you will be spending a significant amount of time in front of your computer screen, your broker’s trading platform should be user-friendly and well-designed to provide you with a comfortable trading experience.

  • Research tools: new ideas for trades don’t just grow on trees and the broker you ultimately pick for CFD trading should be able to provide you with some trading ideas through certain reports like analyst recommendations, an economic calendar, a news feed, or market summaries.

  • Educational materials: CFD traders progressively learn how to get better by using the materials provided by their brokers, along with other tools. Having things like educational videos, webinars, glossary terms, and other similar materials at hand could be very valuable to continue improving your trading skills.



What is a contract for difference (CFD)?


A contract for difference (CFD) is an innovative financial product that tracks the price of an underlying asset – i.E. A stock, bond, commodity, or other similar instruments – and generates profits or losses for the investor based on the relative fluctuation of the price once the contract is settled.


Traders can take both long or short positions by using a contract for difference and they can hold the contract for as long as they want, even though there are holding costs associated with holding CFD positions for longer than a day.


These instruments are primarily conceived for high-frequency traders – i.E. Day traders – due to these holding costs, with the longest holding period commonly extending to a week.


One important thing to keep in mind with cfds is that traders do not hold the underlying security of a CFD, which means that the contract per se doesn’t have any value if the price moves in the opposite direction that the trader expected.


Also, there’s a high risk of losing money while trading cfds if traders do not set proper stop-loss orders that can quickly get them out of a certain position if the price moves in the opposite direction from their trade.


It is also important to keep in mind that all CFD brokers report that a high number of investor accounts lose money while trading cfds, which means that you should consider trading this financial instrument only if you understand the risks involved in doing so and how your holdings can be adversely affected by unfavorable price movements.


What’s the australian securities and investments commission (ASIC)?


In australia, the institution in charge of overseeing CFD brokers and other financial institutions and investment organizations is known as the australian securities and investments commission (ASIC).


The role of this organization is to ensure the adequate functioning of financial providers, including CFD brokers in australia, by enforcing a set of rules and guidelines that seek to maintain an optimal level of transparency within the financial markets.


To put it in plain words, their job is to protect investors by preventing unlawful practices that may harm their interests.


ASIC regulated brokers are those that have passed a set of standards set by the institution. Being approved to operate in australia means that their activities will be monitored by ASIC and investors can conduct their transactions by using their brokers’ trading platforms knowing that there’s a government agency that has their backs.


More information about ASIC can be found on their website and ASIC regulated CFD brokers have to display their license number on their website and they must also inform investors that they have been approved to operate in australia.


Meanwhile, certain well-reputed trading platforms offer their services to CFD traders in australia even though they may not be regulated by ASIC directly. In this case, it is important to ensure that your CFD broker is licensed and regulated by a tier-1 jurisdiction agency.


This is a quick list of regulatory bodies in the countries where online brokers are usually registered:



  • Canada – investment industry regulatory organization of canada (IIROC)

  • United states – securities & exchange commission (SEC)

  • Singapore – monetary authority of singapore (MAS)

  • European union – european securities and markets authority (ESMA)

  • Cyprus – cyprus securities and exchange commission (CSEC)

  • Switzerland – swiss financial market supervisory authority (SFMSA)

  • United kingdom – financial conduct authority (FCA)




Day trading platforms


As a day trader, the platform you work on is your most crucial tool. It is your daily workspace and its contents summarise your entire trading life. Therefore it is vital that you select the right one for the job and there are many to choose from. So how do you find the one that works for you?


All trading platforms will fulfil the basic needs of any trader: allowing you to view price data from the market of your choice and to execute trades based on that information. However, if you think of a platform like the operating system for a computer, you will be on the right track. You might like linux, but it has its limitations and requires a certain level of specialist knowledge, but windows, on the other hand, has features that make it intuitive.


Through the information in this guide, we hope to explain more about the various platforms you are likely to encounter and their suitability for your level of experience and style of trading. You can also peruse our reviews of the brokers we recommend, which will detail which platforms each broker offers, together with any additional software that is included.


In this article, you will learn:



    How to decide which platform is the best any top features you should look out for tips for making the most of your platform


Top rated CFD sites


Risk warning: the products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.


Ad disclosure: some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.


Various types of platforms


Since a reliable internet service became widely available, the growth of online trading has increased tenfold and with it the number of online brokers. The majority of brokers offer both fixed and mobile platforms and below is a brief synopsis of those you are likely to encounter.


Website based platforms


The ctrader platform is produced by spotware, a cyprus-based software development company that specialises in trading platforms. Spotware has all of the bases covered and there are three versions of ctrader: web-based, PC/mac download and mobile apps. This platform has earned a reputation for providing an easy-to-read interface, with multiple features included, making it ideal for many traders.


Downloadable software


Two platforms that you will certainly encounter are the two versions of the metaquotes-developed software: metatrader 4 (MT4) and metatrader 5 (MT5). The MT4 platform was developed over 15 years ago but is still one of the most popular for those whose preferred trading asset is the forex markets. The alternative is MT5 which is a multi-asset platform, suited to all types of trading and with scalability which allows the integration of advanced algorithmic trading and analysis techniques.


Mobile specific apps


There are still brokers who stick to a mobile-optimised website version of their trading platform, but generally speaking, the majority of brokers have invested in the development of native apps for popular mobile devices. You will almost always find app versions for android and ios devices, but apps for the windows mobile operating system are slightly more difficult to find.


Bespoke in-house


There are two types of bespoke platforms you may encounter. The first is the unique software that some of the world’s leading brokers make available, the other one is the highly specialised professional-level type of platforms which you would normally have to ‘lease’ from a broker.


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Risk warning: the products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.


Ad disclosure: some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.


How to choose a platform


The ctrader platform is favoured by many day traders because it is secure, fast and has advanced functionality in every version. A further benefit for traders is that brokers who offer ctrader must provide prices on the platform that are supplied by a recognised liquidity provider which cannot be modified, meaning that you can rely on the information you see.


Most of you reading this guide will not fall into the professional trader category, but some of you may prefer a broker that has developed a bespoke trading platform to one that offers a variation on a commercial one. Certainly, it is worth trying out a few and there are some excellent brokers on our recommended list that operate unique platform versions.


Some brokers who employ the MT4 platform also offer extensions to use it for trading other assets like crypto currency. Surprisingly, MT5 has yet to gain the same level of popularity or availability as MT4. Both of these platforms are available for download to a PC or mac and as ios or android apps. Due to the complexity of these apps, your device and the operating system will need to be up to date and you should always check these requirements first to avoid disappointment later.


Platform user tips


Always take advantage of trial versions of any platforms you are interested in. Platform simulations are available from the developers of ctrader, MT4 and MT5. They are not brokers, so there is no pressure for you to sign up for any type of account. Brokers with bespoke software usually offer free demo accounts, often all you will need is an e-mail address to access them.


When you move on to the point where you have decided on your platform and feel ready to open an account with a broker, then it is worth checking these few things out first:



    Are there any guides or tutorials for the platform? Can you trade all assets from this platform version? Has the broker adapted the platform in any way? What customer support does the broker offer for its software? Can you add your preferred algorithmic software if you want?


We are sure that there are many more you will think of, but those are a good starting point to work from.


Unfortunately, not every broker is as honest and genuine as it may appear in its advertising material, so any that makes unrealistic promises about how much you can earn is best avoided altogether. One particular note of caution, should you come across ‘standalone’ trading apps, with no broker website detailed, they are probably a scam. We strongly recommend that you only ever download trading platform apps that are verifiable by the web presence of a reputable, licensed broker.


This means that you can concentrate your efforts into your trading techniques and strategies without worrying about the basics.


How we rate platforms


If you have read this far, you will understand that choosing a trading platform is a very important subject and that it is not necessarily a simple matter to choose the right one. It is always a good idea to try out a variety of platform options before engaging in live trading and this is a great time to find out more about your requirements and preferences as a trader as well.


The purpose of our broker reviews is to provide a list of brokers that are the most likely to offer day traders the best all-round experience. Although our team of expert reviewers cannot tell you which platform is going to suit you best, what they have done is to recommend brokers that provide either a choice of platforms or a great bespoke one.


By reading our reviews and guides, making a shortlist and selecting your broker from our recommendations, you can be sure that the broker has been verified in all of the important ways like licensing, security and fair trading terms. This means that you can concentrate your efforts into your trading techniques and strategies without worrying about the basics.



Best CFD trading platforms


Updated: 03 december 2020


Admiral markets review


Strengths


  • Impressive education and solid research

  • Impressive range of assets to trade

  • MT4/ MT5 platforms do have add ins



Weaknesses


  • No bespoke platform, MT4/ MT5 only

  • Demo account expires after 30 days

  • Trading commissions on some accounts



Vantagefx


Strengths


  • Forex ECN and STP trading

  • Great selection of US/UK/EU/AU/HK stock cfds

  • High levels of account and deposit protection

  • Quick execution speeds

  • Interesting bonuses and promotional offers



Weaknesses


  • Cryptocurrency trading options could be better

  • Only 40 currency pairs on offer

  • Limited support for exotic currency pair trading



Tickmill


Strengths


  • Regulated by the FCA

  • More than 200 million trades

  • Nice range of assets



Weaknesses


  • No ability to choose a trading platform

  • No 24/7 customer support



Strengths


  • FCA and global regulation

  • Strong education

  • Numerous account types



Weaknesses


  • Does not offer own trading platform

  • Disappointing number of markets



IC markets


Strengths


  • Equinix NY4 order matching engine makes it perfect for automated trading

  • Raw spread accounts with trading from 0.0 pips

  • Free demo account

  • Average EUR/USD spreads from 0.1

  • Quick execution speed with trades completed on average under 40ms



Weaknesses


  • Caters mainly to the australian market

  • No major awards

  • Limited exotic currency pairs



What is a CFD trading platform?


In order to trade cfds, you first need to find a CFD broker. Acting as the ‘bridge’ between you and the market, these brokers provide you with access to their trading platforms for trading cfds online. A CFD trading platform, then, is the interface provided by brokers that traders use to buy and sell cfds. These trading platforms are frequently offered as web browser-based platforms, software downloads and mobile apps.


How safe is CFD trading?


Like any other derivative securities, the risk of trading cfds is relative to each individual trader’s risk/reward appetite. The appeal of cfds lies in the fact that they allow you to trade using leverage, or margin. Leverage allows you to ‘borrow’ money from a broker in order to increase your position size on an instrument.


Confused? Let’s take a look at an example:


Let’s say you buy £10,000 of tesla shares from a broker using cfds. Your broker, for this example, offers leverage (or margin) of 10:1. However, you only tie up £1,000 of your own money; the broker ‘borrows’ you the remaining £9,000. In this situation, a much smaller sum of money (£1,000) is controlling a much bigger financial position (£10,000).


While leverage magnifies your profit potential, on the other hand, it also increases your exposure to risk and potential losses. As a result, it’s important to understand risk management and develop methods to minimise risk.


In addition, many CFD providers offer negative balance protection to help protect traders. Negative balance protection ensures that you will never lose more than your initial deposit and be in a position where you owe money to a CFD broker.


So, overall, CFD trading is safe – as long as you’re aware of the risk/reward potential and have a robust risk management plan in place.


Contentgrafiken Vergleich CFD


What CFD instruments can you trade?


A wide range of asset classes is available to trade as cfds, including:



  • Stocks

  • Cryptocurrencies

  • Forex

  • Commodities

  • Indices

  • Etfs

  • Options



However, the exact instruments available to trade varies from broker to broker, so it’s worth checking in advance if a broker offers your preferred financial instrument. For example, while forex cfds are commonplace, not every broker offers ETF or indices cfds.


In addition, you’ll find that some CFD platforms offer more choice within certain CFD categories. For instance, IG is known to have the widest selection of tradable stock cfds among all brokers while CFD brokers such as XM are known more for their forex offering.


CFD trading benefits


So, what are the benefits of CFD trading? Let’s take a look at some of the reasons why cfds are popular among traders:


Tax efficient


Like most complex financial derivatives, with the exception of spread betting, cfds are subject to capital gains tax, or CGT. However, cfds are exempt from the stamp duty reserve tax (SDRT) in the UK, currently payable at around 0.5%. What does this mean? Put simply, you don’t have to pay ‘stamp duty’ when you buy or sell contracts for difference.


Go long or short


The ability to trade both ‘long’ and ‘short’ positions, i.E. Buy or sell, allows you to capitalise on potential price movements in both directions. For example, short-selling allows you to profit when the price of the underlying asset drops in value and is a good way of taking advantage of potentially overvalued stocks and short term fluctuations.


Wide range of markets


Cfds provide you with exposure to a broader range of tradable assets including commodities, etfs, indices and bonds. This provides you with useful versatility in the market and the ability to diversify your portfolio across multiple asset classes.


Leverage


Cfds are a leveraged product, which means you only need to deposit a percentage of the total value of the trade.


CFD trading risks


Despite the apparent benefits, cfds are not entirely risk-free. There are several potential risks and drawbacks that aspiring traders need to be aware of:


Leverage


Leverage is something of a double-edged sword for traders. While it does increase your profit potential and reduce capital requirements to get started, high leverage does not guarantee higher returns.


It is important to be aware of the risks of complex leveraged products. For instance, leverage also increases your potential for losses and exposure to risk. For this reason, it is vital to set stop losses and protect yourself against market volatility.


Overtrading


Intrinsically linked with leverage is the concept or idea of ‘overtrading’. Because of the fact that cfds are a low-cost way to access markets, it’s easy for traders to overtrade. Overtrading is when a trader veers away from a disciplined CFD trading strategy and unnecessarily exposes themselves to risk.


Overnight funding


Also known as ‘swap fees’, many CFD providers charge a fee for maintaining an open position overnight. In simple terms, an overnight fee is an interest payment charged in order to cover the cost of the leverage you use overnight.


Contentgrafiken Vergleich CFD


How do CFD brokers make money?


The most common way many CFD brokers make money is through the bid-ask spread and commission fees charged on a per-trade basis, as well as numerous non trading-related fees such as overnight funding, inactivity and currency conversion fees. Many brokers claiming to offer ‘commission-free trading' typically end up making their money by widening the spread on trades. Learn more about how brokers make money in our guide to brokerages fees.


How do cfds work?


Cfds allow you to trade on price movements within financial markets such as stocks, commodities, indices and currencies. When you buy cfds through a CFD broker, you don’t actually own the underlying instrument. In addition, when you buy a CFD you don’t have to pay the full value of the position. Instead, you pay a fraction of the position – also known as ‘trading on margin’.


Choosing the right CFD broker


With a plethora of CFD providers competing for your business, how do you determine who the best CFD broker is? Here are a few things to bear in mind:


Regulation


For many traders, regulation and security are often front-of-mind when comparing CFD trading platforms. It is important to find a CFD broker that is fully regulated by one or more of the leading regulatory bodies around the world. These regulators maintain an important system of checks and balances and exist to help protect traders. All of the best CFD trading platforms will be overseen by at least one of these regulators, including:



  • FCA, PRA (united kingdom)

  • NFA, CFTC (united states)

  • ASIC (australia)

  • Cysec (cyprus)

  • DFSA (dubai)

  • FSCA (south africa)



Contentgrafiken Vergleich CFD


Payment methods


Look for CFD providers that offer a number of ways to fund your account including bank transfers and e-wallets such as paypal, neteller and skrill. More payment methods means more ways to deposit and withdraw your money, and unfortunately not every broker is as up-to-date with this as ought to be.


Withdrawal times


As a trader, there’s nothing worse than waiting to get your hands on those hard-earned profits. Unfortunately, not every CFD platform is created equal and some will make you wait longer than others. Withdrawal times vary from broker to broker, so while some may offer instant payment processing, others can take anywhere between 1 and 3 business days to process your request..


Minimum deposits


The initial deposit you’ll need to make depends which broker you choose. While some have account minimums of £200, others allow you to start trading with no minimum deposit requirements. While no minimum deposits sounds appealing at first, it’s important to weigh up benefits across the board when comparing CFD brokers.


Trading fees


As we already know, most CFD providers make their money off the bid-ask spread and commission fees. Look for a broker with tight spreads and remember that zero-commission trading never means zero-commission.


Non-trading fees


It’s also worth comparing the non-trading fees that are a common banana skin for traders such as overnight funding and inactivity fees. These fees are often buried deep in a broker’s terms and conditions and can lead to unexpected charges that quickly add up. Save yourself stress further down the line by choosing a broker that is transparent about the fees they charge.


Trading platforms


When it comes to trading platforms, brokers are more or less split down the middle between those that offer support for third-party platforms such as metatrader and those that don’t. If you’re someone who prefers using metatrader, it’s worth looking at brokers that support MT5.


However, if you don’t mind, the good news is that many brokers offer CFD trading platforms that come fully equipped with an arsenal of trading tools. Another thing to consider is your own ability level and what you need from a trading platform. Are you an experienced trader that frequently makes use of technical analysis tools and add-ons such as economic calendars? Or are you new to the world of CFD trading and looking for a platform that is more suitable for beginners?


Some key questions to be asking yourself include:



  • How easy is it to use?

  • Does it offer technical analysis and charting tools?

  • What useful features are available? (news feeds, economic calendars)

  • Is there a mobile app available for trading on-the-go?

  • Do they offer a demo account with no expiry date?



Customer support


While some brokers are proud of their award-winning customer service, others are less interested in providing after-sales support once you’ve opened an account with them. For some traders, customer support is an integral part of their rationale for choosing a CFD provider. Even if this isn’t a priority for you, support should be available 24/5 and there should also be a variety of ways to get in touch with the customer service team. If english isn't your native or preferred language, many of the best CFD brokers will offer multilingual support.


Educational resources


Frequently overlooked when many traders compare CFD brokers, access to a library of educational content is particularly valuable for new and inexperienced traders. Many brokers provide their clients with access to a wealth of educational resources, from how to use their trading platform to how to make your first trade and more. If you’re just getting started and wondering where to head first, you’ll often find that guidelines on basic and more advanced cfds trading approaches are massively helpful for first-time CFD traders.





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