CFDs are financial derivatives that derive their price from an underlying asset and are used by traders to make a profit from the difference between the initial value of the underlying asset when the contract is opened and the value of the underlying asset when the contract is closed.
Who Are Brokers CFDs?
The term “Brokers CFDs” is not correct, yet is widely used among traders. As the name implies it refers to financial institutions, providing CFD trading services. Through these brokers traders are able to see live quotations of the instruments they are interested in, take advantage of trading and making analysis. Mainly CFD brokers is not solely concentrated on CFD trading services, but also offer Forex trading. They provide different trading conditions, trading platforms, analytical tools, technical support, sometimes educational materials and other services as well that help traders to implement trading activities.
Nowadays, when trading CFDs is becoming more and more popular, CFD brokers try to present more and more financial instruments so as not to run out of the competition. The diversity of the instruments is an important factor for traders, because they have various preferences and trading strategies. CFD instruments as such are Stock CFDs, Index CFDs, and Commodity CFDs.
How to Choose Аmong Brokers CFDs?
As mentioned above, companies offer more and more trading instruments because of the increasing competition in the market. To choose a reliable broker, traders need to estimate their trading goals and work with a broker that suits their requirements and preferences in the best way.
IFC Markets offer CFDs on stocks, indices and commodities. The interesting features about CFDs on Indices and commodities is that these instruments are traded continuously without any expiration date, which makes trading much easier and convenient for traders. They may open positions and hold them as long as they wish. Moreover, the company offers CFDs on commodity futures that, in contrast, are traded with expiration dates. IFC provides the most popular CFDs in the market, thus trying to meet all clients’ requirement.
Stock trading with IFC Markets is beneficial as well, since the leverage for these instruments is up to 1:40, which is quite higher, compared to the leverage, offered by other brokers. While opening a trading position, from 0.1% fee of the position volume is deducted from the trading account balance and there is no commission fee charged while closing a position. (Learn more about What is Leverage in Forex)
For CFD trading surely the platform greatly matters as well. For this purpose IFC Markets has its own-generated NetTradeX trading terminal, which was designed both for Forex and CFD trading. Additionally, traders can use MetaTrader 4 trading platform. Traders can conduct technical analysis on the platforms, as it is equipped with the necessary tools.
IFC Markets is a leading innovative financial company, offering private and corporate investors wide set of trading and analytical tools. The company provides its clients with Forex and CFD trading through its own-generated trading platform NetTradeX, which is available on PC, iOS, Android and Windows Mobile. The company also offers MetaTrader 4 platform available on PC, Mac OS, iOS and Android. You may compare the advantages of both platforms.