CFDs remain a versatile and justified choice for traders, with preferences shifting towards Index and Commodity CFDs.
Analysts Empower Traders
CFDs remain a versatile and justified choice for traders, with preferences shifting towards Index and Commodity CFDs.
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While CFD providers create and offer Contracts for Difference (CFD) as financial instruments for trading, CFD brokers serve as intermediaries between traders and CFD providers themselves.
Provided here is an overview of the top CFD brokers in 2023, simplifying the process of making an informed choice in your trading journey.
Starting with a broker established in 2009, RoboForex offers a comprehensive suite of services for both beginner traders and experienced investors.
RoboForex specializes in trading automation solutions, including the CopyFx auto trading platform and a bot builder. With over 12,000 CFDs on offer and direct trading in US shares, they provide a multitude of options for traders.
If you are intrigued by the concept of copy trading, Pocket Option should be on your radar. Launched in 2017, this broker offers access to a wide range of trading options, from currency pairs to cryptocurrencies.
Pocket Option's unique trading platform caters to traders in over 95 countries and regions, emphasizing top-tier customer service and constant technological improvement.
For the seasoned pros in the CFD trading scene, Tickmill has been making waves since 2014. What sets Tickmill apart is its commitment to innovation, providing tools for both manual and automatic trading.
Novices aren't left in the dark either, thanks to a selection of basic training materials. The broker offers competitive spreads, starting at 0.1 pip for currency pairs like EUR/USD.
If trading conditions are your primary concern, Exness could be your answer. In operation since 2008, Exness caters to both active and passive investors, offering a wide variety of trading instruments and accounts tailored to your needs.
Beginners can opt for cent and demo accounts, while active traders can dive into ECN accounts with spreads as low as 0.1 pip.
IC Markets, with its impressive trading volume and thin spreads starting at 0.1 pips, has earned the title of the world's largest Forex broker. If scalping strategies are your forte, this broker should pique your interest.
For over a decade, IC Markets has been a prominent player in the forex market, continually enhancing its tools and technology to provide traders with the best conditions possible.
But what types of CFDs do successful traders prefer? As a guide for aspiring traders in the Traders Union community, analysts from Traders Union embarked on a research mission to uncover the answers on the choices of seasoned traders.
In their quest for knowledge, the experts at Traders Union conducted a comprehensive survey of 2,200 successful traders who ply their trade through brokers ranked in the Top 10 by the Traders Union rating.
Here are the key takeaways from the research:
The majority of traders surveyed by Traders Union experts, 54% believe that CFD trading is a justifiable pursuit.
When it comes to choosing among various CFD classes, Index CFDs top the charts. These instruments hold a special appeal for traders, garnering the highest preference among those surveyed.
Experience seems to play a pivotal role in determining CFD trading preferences. The research indicates that experienced traders are more likely to engage in CFD trading compared to their less-experienced counterparts.
Trading styles can significantly impact CFD choices. Traders who favor short-term strategies appear to be less inclined to embrace CFD trading, while those who adopt long-term strategies are more receptive.
Lastly, Perhaps one of the most intriguing findings is that traders who have achieved the highest monthly returns over the past year through CFD trading tend to diversify their CFD portfolios.
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