CFD TRADING - COMPARE ONLINE CFD BROKERS 

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CFD stands for "contract for difference" and in short is an agreement between the investor and the CFD brokers, to exchange the difference in value of a designated share or index when the contract between the two parties closes. In other words you buy a contract that pays out on the difference between a share price now and when the contract closes. Below find a variety of online CFD Brokers.

CFDs are financial products which give traders exposure to markets. However the costs involved are cheaper as you don’t need to own a share. Unlike a futures contract, there is no fixed size to the contract, and no fixed end date. Therefore, at the end of each trading day, the CFD can be rolled forward so the position is left open without an end date - as long as the investor account can support this.

It is worth remembering that CFDs are risky for the investor because although you can make a lot of money you are risk not only of losing your money but also owing the broker. There are numerous risks involved with CFD trading which you should consider in advance.

The companies below can all enable you to trade in CFDs. Make sure you are fully aware of the risks involved before deciding to invest in this way. It is really important that you take the time to research what is available and compare different services against each other to find what works best for you and your finances. Once you have found the product you want simply click ‘more’ to go to the next stage.

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If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

PROVIDEREST

EST

Company established

INITIAL MARGIN

INITIAL MARGIN

The initial margin is a deposit used as collateral to open a position

COMMISSION SPREAD

COMMISSION SPREAD

With CFD equity trades only you are charged a small commission for each trade you place

O/N INTEREST (LONG)

O/N INTEREST (LONG)

Long Overnight interest charges

O/N INTEREST (SHORT)

O/N INTEREST (SHORT)

Short Overnight interest charges

TRADE MIN

TRADE MIN

Minimum trade

ACCOUNT MIN

ACCOUNT MIN

Minimum account

MM

MM

A Market Maker is a company, or an individual, that quotes both a buy and a sell price in a financial instrument or commodity held in inventory, hoping to make a profit on the bid-offer spread, or turn

ECN / STP

ECN / STP

Electronic Communication Network bridge linking smaller market participants with tier-1 liquidity providers through a FOREX ECN Broker

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BelforFx
BelforFx

NEW ZEALND 2012
(FSPR)
From 5%
5% of open position
0.05% of margin
Ask on applicationAsk on application6 CFD$100NoYesBelforFx
BelforFx is a global financial services organization that provides a wide range of Investment solutions specifically designed to meet the needs and financial goals of individual, corporate and institutional Clients. BelforFx is focused on its Clients. Your success is our success! BelforFx is a financial organization that seeks to meet the needs of its customers, by creating long-term relationships with them, becoming a key factor in helping them achieve their financial goals. DETAIL INFORMATION >>Markets Covered
Products Available

3 Base Currencies
Demo Account

Spread Co CFD Trading
Spread Co CFD Trading

UK 2004
(FCA)
1% - 10%
Depending on contract
Single value
The difference between the bid and the ask price
No charges on Futures marketsNo charge on short positions except FX0.8 CFD€100YesNoSpread Co CFD Trading
A Leading CFD and Spread Betting provider with tight spreads and advanced technology. As a standard part of the way we operate, we are constantly developing our products, systems and technology to ensure that our clients remain at the leading edge of online trading. Spread Co is committed to offering its clients (private individuals, banks, brokers and other financial intermediaries) excellence in both its online trading products and in customer service and we welcome your feedback on all areas of our business. Spread Co Limited enables individuals and organisations to trade a variety of Spread Trading, Contracts For Difference (CFD) and Foreign Exchange (FX) products using some of the most sophisticated online trading technology solutions available. DETAIL INFORMATION >>Markets Covered
Products Available

3 Base Currencies
Demo Account

Deltastock
Deltastock

Bulgaria 1998
(MiFID, FSC)
1-100%
Avg depends on product
0.10%
Trade value avg depends on product
+3% avg annually depends on productNone1 CFD£100YesNoDeltastock
Deltastock AD, based in Sofia, Bulgaria, is a fully licensed Forex & Stock Broker, founded in 1998 by a team of experienced CFD brokers and IT professionals. Since its incorporation, the company has been developing proprietary cutting-edge technology for online CFD trading on the global financial markets and has pioneered the sector in Bulgaria. The company's clients include retail investors, money managers, asset and portfolio managers, corporate/institutional clients and brokerage firms. Read the terms and conditions. DETAIL INFORMATION >>Markets Covered
Products Available

6 Base Currencies
Demo Account

City Index
City Index

UK 1983
(FCA)
0%-10%
Depending on product
10-30bps
Depending on product
+2.5% LIBOR or equivalent-2.5% LIBOR or equivalent1 CFD£0YesNoCity Index
City Index is one of the World’s leading providers of CFD trading, foreign exchange, options and, in the UK, spread betting services. With over 25 years in the market, they are committed to providing fair and transparent prices, innovative technology and great customer support. If you want to trade in CFDs then it is important that you know what you are doing as it is easy to sustain losses. There are advisory trading services available. Please make sure that you read the terms and conditions carefully before you invest money. DETAIL INFORMATION >>Markets Covered
Products Available

3 Base Currencies
Demo Account

ADVISORY TRADING SERVICES - COMPARE ADVISORY TRADING BROKERS

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PROVIDEREST

EST

Company Established

COMMISSION

COMMISSION

Commission cost for services

TRADING METHODS

TRADING METHODS

Methods of trading

ADVISORY ERVICES

ADVISORY ERVICES

Advisory services relating to trade type

EXECUTION SERVICES

EXECUTION SERVICES

Trade types available through the company

CLEARING COMPANY

CLEARING COMPANY

An agency or separate corporation of an exchange responsible for settling trading accounts

ACCOUNT MIN

ACCOUNT MIN

Min Account Size

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JN Financial
JN Financial

UK 2005
(FCA)
0.5% Advisory
8bps Execution
Online, Tel, Email, FaxCFD Trading
Forex Trading
Spread Betting
CFD Trading
CMC Markets£5,000JN Financial
JN Financial are an independent financial services firm that specialise in Contracts for Difference (CFD's). Established in October 2005 we have since achieved considerable growth, developing a solid reputation within our industry. JN Financial – 'Best Advisory Broker' World Finance Awards 2009. It is important to remember that there are a lot of risks involved with trading and it is worth learning how to do it properly before you start investing your own money. Find out what JN Financial can teach you. Please read the terms and conditions. DETAIL INFORMATION >>Supporting Services
Awards

1 Base Currency
Platform

MB Capital
MB Capital

UK 2009
(FCA)
0.5% Advisory
8bps Execution
Online, Tel, Email
CFD Trading
Share Dealing
Forex Trading
Spread Betting
CFD Trading
Share Dealing
CMC Markets£5,000MB Capital
MB Capital is a Contract for Difference (CFD) broker authorised and regulated by the Financial Service Authority that specialises in bringing clients real-time news and analysis and research by providing a professionally tailored service to each individual client. MB Capital uses 2 market makers CMC Markets and Saxo Bank. Trading is not a simple activity and it can be difficult to make money and easy to lose it if you don't know what you are doing. MB Capital can help you with the basics and offer comprehensive advice. Always read the terms and conditions. DETAIL INFORMATION >>Supporting Services
Awards

1 Base Currency
Platform

Nexus Capital
Nexus Capital

UK 2008
(FCA)
0.5% Advisory
8bps Execution
Online, Tel, Email, FaxCFD Trading
Forex Trading
Spread Betting
CFD Trading
IG Markets£5,000Nexus Capital
Based in The City of London - Nexus Capital is one of the fastest growing CFD brokers. We offer trading Advisory services, Execution-only and Hedge Accounts for Investors in the UK and other EEA states. We specialise in CFDs, Spread Betting, Forex, Shares and Commodities. Free Demo accounts, trading advice and educational services are available upon request. Nexus Capital Limited is Authorised and Regulated by The Financial Services Authority. Please read the terms and conditions carefully to ensure that you fully understand this service. DETAIL INFORMATION >>Supporting Services
Awards

6 Base Currencies
Platform

Galvan Research and Trading
Galvan Research and Trading

UK 2004
(FCA)
0.2-0.5%
rate dependent on account size
Online, TelCFD Trading
CFD Trading
Spread Betting
City Index£2,500Galvan Research and Trading
Galvan - the UK’s leading CFD trading advisory services broker. For 5 years running, Galvan has been awarded Best Equity Derivatives Advisor at the prestigious Shares Awards. Established in August 2004, Galvan was one of the first specialist CFD trading advice advisors in the UK. CFD trading is not the most simple of processes and unless you are an expert it is prudent to seek advice. Galvin are experts in this are and canhelp you to make the right choices. Always read the terms and conditions to ensure that you understand the service. DETAIL INFORMATION >>Supporting Services
Awards

1 Base Currency
Platform

If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

Compare CFD Trading Brokers

What is the nature of CFD trading?

Contracts for Difference also known as CFDs permit investors to trade shares actually owning them. The trader creates a contract with the broker. The trader will then bet on a particular stock price and whether that price will go up or down. He then considers how many shares he will bet on. If he is right then, when he chooses to close the contract he will be paid the difference between the starting price and finishing price times by the amount of shares in the contract. Should his estimate be incorrect and the markets turn against him, the trader will lose and must pay the broker the difference.

Loss or gain is made upon the difference between the price at which you purchase, and the price at which you vend. This is because CFDs are traded on margin. Investors don't need more than a small amount of the total value of a position in order to trade.

CFDs are made on margin. So, if you buy a CFD are likely to pay approximately 10% of the stock you trade. The other 90% will be lent by the broker. Due to this, you will earn the profit if the markets go in your favour. However, if they turn against you, you will owe the broker the losses of the whole contract.

How does CFD trading work?

CFDs are financial products which give traders exposure to markets. However the costs involved are cheaper as you don’t need to own a share. Unlike a futures contract, there is no fixed size to the contract, and no fixed end date. Therefore, at the end of each trading day, the CFD can be rolled forward so the position is left open without an end date - as long as the investor account can support this.

How can you make money CFD trading?

CFDs can offer a number of different strategies; you can go long which means that the trader's account will receive a proportional payout when dividends are paid on the share, and interest will be debited.

You can also go short which means that the trader receives interest and pays dividends. Dividend payment will be an equal amount to the full dividend paid on the share.

Is it worth investing in CFDs in the long term?

Trading CFDs is not usually a long term investment and functions better as a short term investment. This is because they are traded on margin. The investor is charged interest on his or her bets - the longer the investor holds a CFD, the more the interest will increase and could become very expensive. Long CFDs carry interest charges of around 6.5% of the contract value.

Contract Value Explained

All CFDs have a contract value. This is the total value of the stocks you are 'betting' on. Trading is done on margin, so the broker will needs approximately 10% of the contract value. For example the investor is betting on 1,000 shares on a stock worth 200p - the contract amount would be 200,000p.

How much of a deposit is needed to start an account?

If you are opening an account the minimum deposit you will need is approximately £10,000 when based on FTSE 100 shares. However, there may be a larger minimum deposit required on foreign shares. CFDs can provide a lot of leverage and the sum of money you actually need to start is relatively low so you can trade more than your deposit. However, it must be remembered that this is risky.

Is it necessary to pay stamp duty?

You are not buying the underlying share so you so not have to buy stamp duty. There are also some brokers who offer 0% commission though most will charge 0.5% of the contract value when the contract is opened and closed.

What Interest payments are involved with CFD trading?

You will be charged interest if you choose to go long on a stock, as you are borrowing money from the broker. You will earn interest on a short stock. Interest is either paid or earned on a daily basis, and is calculated by dividing the annual interest rate by 365.

Is CFD trading risky?

CFDs are risky for the investor you can make a lot of money but you are risk not only of losing your money but also owing the broker. There are numerous risks involved with CFD trading and these should be considered carefully by anyone wanting to invest in this manner.

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