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CFD BROKERS COMPARISON

Compare Brokers for Trading Forex

A CFD means a Contract for Difference and it is a type of derivative that enables world traders to speculate on the prices of fast-moving financial markets such as Forex, Equities, Energies, and Precious Metals.  More about CFD Trading

Compare Also: ► Forex Brokers  Trade Signals

CFD BROKER

TRADING INFO

TRADING PLATFORMS

TRADING ACCOUNTS BROKER'S LINKS & REVIEW

□ XM

Company's Foundation: 2008
Company's Regulation: CySEC, MiFID

US: No

Products: 300+
CFDs on FuturesYES
 
-55 Forex Pairs
-17 Indices + 12 Index Futures
-4 Precious Metals
-5 Energies
-8 Commodity Futures
-150 Shares
 
Min. Spread: 1.7 Pip
Leverage: 1/500

■ MT4 / MT5 Desktop, MT4 multi-Terminal

■ iPhone, Windows and Android Trader

■ Current Promotion: 40% Welcome Bonus
■ Minimum Deposit: $10

 

DEPOSIT METHODS

Bank Wire | Credit Cards

Skrill | Neteller | WebMoney

CashU | +More

  • 40% Welcome Bonus
  • Wide Asset Index
  • Multilingual Support
  • CFDs on Futures (MT4)

 

» Review XM

□ IC MARKETS

 

Company's Foundation: 2007
Company's Regulation: ASIC (AUSTRALIA)

US: No

Products: 75+
CFDs on FuturesYES
 
-56 Forex Pairs
-14 Indices
-CBOE VIX Index Futures
-4 Precious Metals
-2 Energies
 
-No Shares
 
Min. Spread: 0.75 Pip
Leverage: 1/500

 

■ MetaTrader-4 and MetaTrader-5

■ FIX/API, PAMM platform

■ Current Promotion: (N/A)
■ Minimum Deposit:

-$200 for Metatrader Accounts

-$1,000 for cTrader Accounts

 

DEPOSIT METHODS

Bank Wire | Credit Cards

Skrill | WebMoney | Neteller

  • Tight Spreads
  • FIX/API, PAMM platform

 

» Review IC Markets

□ FXCC

Company's Foundation: 2010
Company's Regulation:
CySEC, FCA UK, MiFID
 
US: No
Products: 30+
CFDs on FuturesNO
 
-28 Forex Pairs
-2 Indices (US30, US100, US500)
-2 Precious Metals
 
-No Shares
 
Min. Spread: 1.2 Pip
Leverage: 1/100
 

■ MetaTrader-4, Sirix WebTrader, Sirix Mobile

■ Signals from ZuluTrade

■ Current Promotion: (N/A)
■ Minimum Deposit: $100

 

DEPOSIT METHODS

Bank Wire | Credit Cards

Skrill | WebMoney | Neteller

 

 

» Review FXCC

□ HOTFOREX

Company's Foundation: 2007
Company's Regulation: CySEC, MiFID

US: No

Products: +125
CFDs on FuturesYES
 
-50 Forex Pairs
-11 Indices
-Gold and Silver priced in USD and EUR
-2 Energies plus 2 Energy Futures
-7 Commodities
-53 Shares
 
 
Min. Spread: 1.2 - 1.8 Pip
Leverage: 1/500
 
 

 

■ 8 Trading Platforms (MT4, WebTrader)

■ iPhone, Windows and Android Trader

■ Current Promotion: 30% Bonus, Free VPS
■ Minimum Deposit: $10

CurreneX Account: $500

 

■ DEPOSIT METHODS

Bank Wire | Credit Cards

Skrill | Neteller | Web Money

+More

 

  • 30% Welcome Bonus
  • Free VPS
  • PAMM Accounts
  • Multilingual Support
  • CFDs on Futures (MT4)
 
 
Lite Forex
 
 

What is a CFD Broker?

A CFD broker is a financial firm that offers Contracts for Difference, or else CFDs. This type of financial instrument is a rapidly growing product that attracts retail traders from all around the world. Nowadays, almost all Forex brokers offer CFD contracts too. In order to trade CFDs, you can use any Forex trading platform such as MT4, MT5, and Sirix WebTrader. Regulation is a top issue when trading CFDs online: Forex/CFDs Market Regulation

New CFD Trading Account

Opening a new CFD trading account is similar to opening any other financial account. It requires registration by providing:

(i) Proof of Identification (ID, Driver’s License, Passport)

(iii) Proof of Address (A bill in your name, posted in your address, 90 days old or newer)


 
■ CFD Brokers Comparison
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A CFD means a Contract for Difference and it is a type of derivative that enables world traders to speculate on the prices of fast-moving financial markets such as Forex, Equities, Energies, and Precious Metals.

Nowadays, almost all Forex brokers offer CFD trading, find online Brokers offering CFDs:  Online Forex Brokers |  CFD Brokers

 

Introduction to CFD Trading

As any other derivative, a CFD contract is priced based on the price of an underlying market or asset. The underlying instrument may be a Forex Currency, a Stock, an Index, a Commodity etc. When you open a CFD trading position you never own the underlying asset, you simply gain or loose according to that asset’s daily value changes. A CFD is actually an agreement between two parties in order to exchange the difference between the starting price and the closing price of a particular contract.

Advantages of CFD Trading

1. Huge variety of trading assets (Forex, Metals, Energy, Stocks & Indices)

2. Trade Online from your desktop or mobile PC

3. Leverage your funds (50:1 to 1,000:1)

4. Keep trading positions without time limits

5. Easily Manage and Hedge your Portfolio Risk

6. CFDs can be used either for short-term speculation or long-term trading

7. Trading with Tax Efficiency (reducing tax liabilities by choosing when to realize capital gains/losses)

8. Most Forex brokers offer CFD trading nowadays, and that competition narrows the brokerage spreads and commissions paid

9. Trade via CFDs on Futures (this type of CFD contract does not involve any overnight rates and it is ideal for swing and long-term traders)

 

MT4 Trade Signals Generator

 

CFD Trading Features

  • Leveraging your Funds

CFDs are purely leveraged financial products, enabling individuals to trade global markets by paying only a small fraction of the value of the trade. Capital leverage is a great opportunity for maximizing profits but it also includes high-risk exposures. You can leverage a CFD trading position as any Forex trading position (2:1 to 1,000:1).

  • Trade Any Market Conditions (Going Long/Short)

CFDs are enabling traders to profit from any market by going long (buy) or by going short (sell). By this way, traders can hedge their portfolio from market risk. For example, if a trader holds a portfolio of $10,000 worth of Apple shares, can sell the equivalent value of $10,000 worth Apple shares through CFD trading. By this way, if Apple share falls by 2%, the loss in the trader’s portfolio would be offset by the gain in the CFD trade.

  • Pairs Trading

If a trader believes that a particular asset will over-perform compared to another asset, he may use a CFD contract to go long on the first asset and short on the second asset.

  • Overnight Financing

CFDs are traded on margin and thus if a trader holds a position overnight, this trading position will be subject to a charge. Long positions are charged interest, while short positions are paid interest. Usually, the interest charged or paid is based on London Inter-Bank Offered Rate (Libor). The interest on CFD positions is calculated on a daily basis.

  • Stop-Loss and Limit Orders

All CFD brokers offer risk management facilities such as Stop Loss and Limit Orders. A Limit order is an order that is executed at a higher price than the prevailing market price while a Stop-Loss Order is an order executed at a lower price than the prevailing market price.

  • CFDs on Futures

CFDs on Futures are contracts that do not involve any overnight rates and that particular feature makes them ideal for swing and long-term traders.