Comparing CFD Trading Platforms

The explosive growth in CFD trading platforms has made CFD online trading globally accessible. Through a variety of forex brokers, customers now know what is CFD trading.

What is CFD Trading

This post will explain what are the key elements with which to evaluate CFD trading platforms. These elements center on interface, service, and reliability. But each trader has their own favored set and feature ranking, so apply evaluatory criteria in a personalized manner, with the elements ranging from required to nice-to-have.

 Ease of Access. In today’s 22/5 trading world, forex, share and commodity customers expect continual unfettered cross-platform access to all their global markets and positions. They expect a single unified interface from which they can rapidly and easily:

• Manage account positions — At-a-glance summaries of opened positions, standing orders and closed positions. By using toolbar, tabular or drop-down grouping, toggling between modes should be an effortless experience.
• Manage account balances — Friendly and intuitive interface to view cash and bonuses; one-click deposit and withdrawal. With the myriad of incentives offered and available, traders expect to receive real-time notice of their balances and how to use them.
• View active markets and initiate trades — Filtering, grouping and selecting of financial instruments.  Leading CFD trading platforms offer a wide variety of instruments. Clients expect instant access to the entire range through smart search and node-tree drop-down listing.

CFD Online

Customizable Charts. What with cloud computing and  fast internet, traders expect their forex broker’s CFD online offering to include customizable charts for a complete modelling effort, Thus all the key elements in chart construction should be available for your usage

• Time unit variances — Correctly defining the trading period is of critical importance for effective trading. Any graphical interface must allow you to visualize your exact trading horizon is one glance.
• Multi-dimensional activity markers —  The science and art of chart-reading are a subject of continual advancement, though the 200-year old Japanese candlestick chart representation is still the trader community’s consensus favorite. Less complex bars, lines and area representations also have their uses.
• Cloud-based algorithm indicators — Traders expect turbo-charged algorithms to assist them in teasing out price movements. Popular indicators, whether based on averages, momentum, stochastic processes or more obscure calculations, must be available with a simple click.
• Graphical alignment tools — Additionally, the super-imposition of geometric patterns is a valuable addition to the trader tool set.
• Multiscreen capability — The ability to graphically display numerous different instrument activity graphs simultaneously is an additional capability of significant assistance to traders. This capacity helps in discerning correlative price movements.

Risk warning: CFD online trading and other forex broker activities are highly leveraged. Thus, your losses may amount to significant percentages or all of your initial deposit. Ensure you understand the risks, seek independent financial advice if necessary. The necessity of constantly monitoring your open positions is a requirement for this fast-moving financial channel. In addition, stop-limit orders are the preferred means of managing risk exposure and their usage should be a default assumption. Note: Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.