CFD (contract for difference) is a form of derivative trade that allows you to speculate on the rise or fall in the prices of quick-moving instruments in the global financial market. The instruments range from commodities, currency pairs, treasuries, shares, and indices. CFD trading is one of the most lucrative forms of online trade, for those who have mastered the craft. You need to be able to analyze the financial markets properly and be able to make correct predictions on the movement of the prices of the instrument that you working with.
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My Recommended Brokers Updated January 2020
|Broker||Min Deposit ($)||Min Stake ($)||Max Payout (%)|
|IQ Option||10||1||95||1st Choice|
|Olymp Trade||10||1||92||3rd Choice|
To be able to engage in the CFD trade in the global financial market you need a CFD broker. Trading in the actual market would require a lot of trade capital. CFD brokers allow you to engage in the market with smaller amounts of capital. Your CFD broker should be an enabler. They should offer you all the tools and resources that you need to be able to trade in CFD successfully.
If you haven’t been in any form of online trading, you might find it difficult to know which are the best CFD brokers. You might be wondering, which CFD broker is the best? There are many CFD brokers available in the industry, and they’ll claim to be the best. However, you need to be sure that the broker you choose can offer you the best trading environment. You need not worry though. We took it upon ourselves to explore the various CFD brokers in the industry and find out which one is the best. After our explorations, IQ Option rose on top in our best CFD broker reviews. Below we outline reasons why we settled on IQ Option as the best online CFD broker.
IQ Option is currently one of the most popular online trading platform, if not the most popular. Its popularity stems from the fact that it offers the best trading environment. First things first. IQ Option is a trusted trading platform that is regulated by Cysec. Cysec is a Cyprus-based authority that regulates online trading companies.
All these people are trading with various instruments on the platforms. IQ Option makes available to you real market trends, and various technical analysis tools so that you are able to analyze the market and make correct predictions.
IQ Option’s trading platform is arguably its strongest selling point. IQ Option has a variety of trading platforms that allows you to access your account from any device that is connected to the internet. IQ Option operates proprietary desktop, web-based, and app platforms. The web-based platform is easily accessible from any browser. The desktop and web-based platforms offer the best trading environment with a well laid-out interface and easily accessible resources. It is quite easy for users to navigate through the sites. These trading platforms make IQ Option the best brokers for CFD.
The mobile platform enables traders to conveniently trade while they are on the move. The app is available on both the apple store and play store. Once you sign up on the app it will sync or your settings from your desktop or web-based platforms. The app platform also has all the tools and resources you need to trade CFDs successfully.
For CFD trade, IQ Option offers three types of accounts. You can get an entry-level account that will cost you an initial deposit of $10. The minimum trade amount is $1. The entry-level account is a basic account that is ideal for beginner traders. It does not have much to it but it allows you to engage in the real market.
For veteran traders, the top level or VIP accounts would be appropriate. You have to make an initial deposit of $1000 for the top-level account or $3000 for the VIP account. These accounts come with special privileges such as a personal mentor or a personal account manager, trade alerts and other resources that would help you make successful trades. Higher initial deposits mean more privileges.
All the above aspects make IQ Option the best broker CFD trading. It is arguably the best CFD broker in the world.
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