Getting into trading is no easy task, but it may be an ambition you can have been considering for some time. While this type of investment was only an option for elite professionals in the years gone by, thanks to technological advancements in recent years, it is possible for anyone to get into trading.
Today, you can trade CFDs directly online from the comfort of your own home. However, the trading platform you use will directly impact your experience and success when it comes to your investment plans. It’s important to research more on CFD trading information before deciding to begin trading.
The good news is that most brokers will propose an assortment of platforms for traders to choose from, which should contain specialized features to make your trading experience seamless and straightforward. These features may include the likes of complimentary market evaluation and a live news feed. Most of these features are free of charge, however, there are often clauses in which you’ll need to put down a deposit before use.
When it comes to choosing a suitable platform as a beginner, there are several factors to consider to ensure you can make the most of the experience and earn a significant profit.
Important Factors To Consider Before Choosing A Right Platform
Customer service
A platform for beginners should include training and education resources, such as the likes of articles, courses, webinars, and how-to guides.
Unlimited demos
If you’re new to trading, having the opportunity to test the platform is beneficial to discover whether it offers what you require and if it is suitable for you.
User-friendly
In the early days of trading, it’s important to find a platform that offers a first-class user experience for beginners, rather than those with more complex strategies.
Additional features
You should expect at the very least a revised market evaluation and a financial calendar to keep on top of news and trends in the industry.
Also Read: Using Technology to Leverage Your Trading Efforts
Some Of The Most Popular CFD Trading Tools
Plus 500
Plus 500 is one of the most popular and recommended CFD platforms for cryptocurrencies, Forex, stocks, and indices. Some of the benefits are that it’s commission-free with minimal spread-rates which can make your trading journey a profitable one. As a beginner, you can start a demo account, giving you the opportunity to test the platform and the tactics necessary for trading.
FXCM Group
FXCM Group is a CFD platform used globally and can be accessed both from desktop and mobile, for CFD indices, forex, and cryptocurrencies. This platform is provided with several free trading tools and you only have to offer a very minimum deposit.
Tickmill
Founded in 2014, Tickmill is policed by the UK Financial Conduct Authority (FCA). By using this platform, you’ll have the opportunity to trade in the likes of Indices, Forex, Commodities, and Bonds. It offers a significant number of educational tools for beginners and a demo account.
The above are just a select few of recommended CFD trading platforms that are available online, however, it would be wise to carry out research to find a suitable platform to meet your needs and requirements.
Also Read: Copy Trading- What It Is & How It Works?
