If you want to diversify your portfolio and potentially increase your returns, consider including contract for difference (CFD) trades. Thousands of different financial instruments and commodities are available on a typical CFD trading platform, and traders are not required to hold any of these assets physically.
CFDs allow you to speculate on the price movement of an asset, such as stocks, cryptocurrencies, commodities, or forex, allowing you to diversify you’re trading across a wide range of assets. Keep in mind that US citizens cannot trade CFD contracts.
In the following article, we will look at the best cfd trading platform available right now.
AvaTrade, founded in 2006 in Dublin, Ireland, is a popular option. The Central Bank of Ireland establishes their rules. In terms of financial security, AvaTrade is highly regarded. AvaTrade operates on the MT4 and MT5 trading platforms and includes all their features. AvaOptions is their proprietary trading platform that focuses on CFDs.
The platform is well-designed, and the information is presented clearly. However, it only supports single-step login, which makes it vulnerable to cyber-attacks.
In 2008, Plus500 launched its Israeli operations. They have expanded into many other regions, making them one of the most regulated brokers in the world.
Because it does not offer other types of trading, this platform best suits traders are looking to trade CFDs.
Their minimum deposit is $100, but they make up for it with low trade fees and spreads. As a bonus, there are no account deposits or withdrawal fees.
The eToro platform is widely recognized as a leading retail trading platform. They provide brokerage services to millions of users and process thousands of transactions per hour. Their customer service is widely regarded as among the best in the industry.
Reputable authorities regulate them worldwide, so you can be confident that everything is legal.
To mitigate the volatile nature of CFDs, eToro employs advanced risk management features such as customizable stop losses and real-time alerts.
- IQ Option:
IQ Option is based in Cyprus and is controlled by the CySEC. They debuted in 2013 and have since established themselves as one of the best. It is simple to open an account with IQ Option. The minimum deposit amount is low, which is appealing to new traders. Traders can select from a variety of account types to meet their specific needs.
Best forex broker in India-2022
To find the best forex broker in india, we compiled a list of all brokers who accept new customers from India and ranked them based on their Overall ranking, which was calculated during our comprehensive annual review of forex brokers.
- Capital.com – Overall Best Forex Broker in India:
If you’re looking for the best forex broker in India, look no further than Capital.com. They offer the most markets, have the lowest fees, and are highly regarded by regulators. When opening an account and adding funds with an e-wallet or debit/credit card, a minimum deposit of $20 is required ($250 for bank wires).
Almost 140 currency pairs will be available to Indian traders. The Capital.com platform has no commissions and very competitive spreads. There are no deposit or withdrawal fees. Capital.com provides CFD access to the forex markets, allowing Indian traders to leverage their positions.
- AvaTrade – Regulated Forex Broker That Supports MT4
AvaTrade is the second best forex broker in India on our list. This broker is accessible via several platforms, including MT4, MT5, and cTrader. AvaTrade web trader and AvaTradeGO are also available. The latter is the broker’s native iOS and Android mobile app.
AvaTrade is well-known for its generous leverage limits and low trading fees. AvaTrade is a 100% commission-free broker in this regard. Spreads on EUR/USD start at 0.9 pips, which is very competitive. AvaTrade requires a minimum deposit of $100 to open an account.
- Pepperstone – India’s Best Forex Broker for Raw Spread Accounts:
We discovered that Pepperstone is one of the best forex brokers in India for those looking for ECN-like accounts. The raw account at Pepperstone provides access to the best market rates, and thus zero spreads are frequently available on significant forex pairs.
This account type is ideal for traders who invest in more significant amounts. Conversely, causal investors with less capital may prefer the standard Pepperstone account. While spreads are starting at 0.6 pips, there are no commissions.
Both account types at Pepperstone enable Indian traders to get started without making a minimum deposit. Payments can be made by bank wire or debit/credit card. Pepperstone’s platform includes non-forex markets such as metals, energies, stocks, indices, cryptocurrencies, etc.