Compare Forex and CFD brokers is a good way to choose a suitable broker. Forex and CFD trading has increased over the past years. Almost all the online brokers provide CFD’s as a part of their service.
How you can compare Forex and CFD brokers?
There are hundreds of online brokers, many of them are trustable, reliable and good. So how to decide which broker is the best for you? Here are some critical questions to consider:
- What is the minimum deposit?
- Is the software user-friendly?
- Does the broker offers a free demo-account?
- What about the range of instruments?
- What about the regulation?
The minimum deposit
See what the minimum deposit is, brokers require. Some companies require a deposit from $100 and others require a deposit from $200 or $500.
Most brokers offer more than one trading platform. See if this platforms are user-friendly and easy to use.
A free demo account
Many brokers offer a free demo-account, that you can use to practise with trading. After learning enough, you can open a real account and start trading. Some brokers also offer free webinars and seminars.
The range of instruments
Check if a broker gives you access to the CFD’s and instruments you want to trade, like forex pairs, commodities, shares and indices.
If you compare Forex and CFD brokers, we recommend you to check the regulations.
Never open an account from a unregulated broker.