What is a CFD (Contract for Difference) Trader and how do you become a successful one? CFD traders would be the ones who convince investors into contracts within different markets. CFD trading is basically two parties exchanging the difference in between the opening and closing prices of the given contract. These are basically derivatives products that will allow trade on live market price movements without having to own the instruments underlying the contract. To be a successful CFD trader you must have the drive, determination and hard working mind all intact. Who are some of the most successful CFD Traders?
IG CFD Trading
IG is the number one CFD provider in the UK. They are well known for their superior service and support. Their competitive rates are impressive from 0.8 points and 0.1% commission. They stay up to date with their technology that features a mobile trading app as CMC Markets does as well. IG provides more than 10,000 markets for traders, these will also include indices, forex, shares, commodities and plenty more. Also providing traders with access to their free research tools to always stay informed in the trading world. It would only take you a short period of your time to open a CFD trading account with IG, as well as having reduced commissions for your first two weeks.
DF Markets CFD Account
This CFD Account is a FCA-regulated British broker with retail client funds protected up to 50,000 euros. This protection comes from the Financial Services Compensation Scheme (FSCS.) They also provide traders with platform tools for risk management and strategy building. Their leverage is from 1:1 to 1:200.
3D Markets CFD Trading
AT 3D Markets you have the most trusted knowledgeable online brokers. They have a powerful web, mobile and tablet platforms to offer their traders. With 3D Markets it is possible to trade 24 hours a day on the most popular markets. Recurrent traders are rewarded with cash back as with CMC Markets you get monthly rebates.
Spread Co CFD Trading
Another successful and top choice in CFD Trading is Spread Co. If you’re a smart investor you won’t go wrong with trading with Spread Co. They offer fixed spreads even while markets are constantly changing. Their margins start at only 0.5%. Technology is up to date as well with platforms for more than just your mobile phone, but you have the option to use your desktop as well. Their financing is at a low cost with a 0% on short index and equity trades. Their competitive margins for CFDs start at only 0.5 per cent for forex and indices and 5% for major equities. They pair that with 0% financing on short equity and index positions.
Barclays CFD Trading
When trading with Barclay you trade on leverage and traders will also receive full market exposure. Any profit or loss traders make will be based on its full value. Their margins are just 1%, which means that clients will be able to take a 10,000euro position with only making a 100euro deposit. Since there is no stamp duty you save up to 0.5% on the value of each trade. There are over 10,000 opportunities at Barclays, as there is in CMC Markets, in the financial market that is available 24/7. Barclays has no annual fee and has reduced commission rates of 5 euro per trade in traders first four weeks.
InterTrader Direct CFD Trading Account
Intertrader Direct will quickly mirror your trade in full in the market. InterTrader will never carry any market risk and will never trade against its traders. They are a market-neutral broker which means that they will are do not have vested interest in traders profits or losses. If prices do happen to improve at the time that clients place a trade, InterTrader will execute their clients trade at the best price. InterTrader also keeps their technology up to date and provides apps for both Apple and Android devices.
This will make your mobile trading easier for you to access. They also exclude equity trading. IT is a spread betting and CFD provider and they are regulated by the Gibraltar Financial Services Commission (GFSC) and EEA authorized by the UK Financial Conduct Authority (FCA.)
These are a few of the top and most successful CFA Trading Accounts any interested clients can associate with. With excellent services traders will have nothing but satisfied experiences with any of these trading accounts.