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Marketcfd.com Review: What You Need To Know About MarketCFD.
MarketCFD Review: this is the name of a Forex and CFD broker that claims to be located in Estonia. Is Marketcfd.com a legit broker or a scam?
The brokerage claims to be the “best way to trade the markets” and touts a large collection of trading assets. They further boast of “low fixed spread and commission free trading” in the Forex markets.
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Clients of MarketCFD are promised a top quality investment experience and educational resources as well. On the page, we find some of the following listed as benefits:
Effective CFD, FX and binaries guides
40+ video courses
Professional Trading Signals
MarketCFD Trading Platform
The broker does not offer the MetaTrader trading platform to clients. MarketCFD App uses a web-based platform instead which is not encouraging.
Legit brokers are known to offer at least the popular MetaTrader 4 trading platform.
This platform is a very good sign along with MT5, as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.
Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.
Trading instruments offered to traders are: Forex, Stocks, Commodities and indices. It is said to be “over 1,000” and though this is good, we find that cryptocurrencies are missing.
Leverages can reach a maximum of 1:200 and this is generous. The spreads offered are only said to be low and fixed but not stated. We could not find out the exact pips as no demo account is provided.
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Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.
Deposit and Withdrawal methods on MarketCFD
The means of making payments and withdrawals with this broker are: MasterCard, Visa, Bank Wire Transfer, Skrill, Neteller, AstroPay, QiwiPay, Bitcoin, WebMoney and many more e-Wallets. We find this encouraging.
This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.
A minimum deposit of $250 is required to trade with this broker and this is within the obtainable average minimum of $100 – $250. Withdrawal charges and fees are 3.5% (minimum of $50), a monthly maintenance fee of $20 is also charged. There is a “profit clearance” charge of between $1 to $5 per trade and $75 monthly for unverified accounts.
This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.
Is MarketCFD Licensed?
No. Market CFD or MarketCFD does not hold a license. It is stated that the broker is owned by Plus One Ltd. but we found that payments are run by EverStride OU. None of these are licensed companies in Estonia.
Traders are advised to always consider licensed brokers because authorities monitor their activities. Misappropriated funds can be recovered with ease.
Disturbing Things Found About MarketCFD
Besides the high charge rates on withdrawals, we also discovered that it can take up to 30 days to complete it. Also, demo accounts offer more transparency and this broker lacks it.
The payment methods are deceptions as we found that funding of accounts are only accepted via Bitcoin and VougePay. Trading bonuses are offered, which is a strategy used by scammers to tie down clients with ridiculous conditions.
To contact the customer care representative of this broker, clients are to use an online message request form. There are 7 numbers listed in the contact page for clients in Kazakhstan, Russia, Poland, Latvia, South Africa, Malaysia, and Switzerland. The email address for this broker is: [email protected]
We first want to remind traders the risk of using an unlicensed broker like MarketCFD. Also, the fact that the charges and fees are discouragingly high as well. It does not offer the MT4 trading platform as well.
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Открой лучший способ торговли на рынках
Более 1000 активов из 4 групп: валюты, акции, сырьевые товары и индексы
Торгуй с ведущим Финансовым Брокером
MarketCFD предлагает низкие фиксированные спреды и торговлю на мировых финансовых рынках без комиссий.
Spreads may differ during volatile markets. The above prices are indicative only
Почему инвесторы всего мира выбирают MarketCFD
MarketCFD предлагает первоклассный опыт в области инвестиций: лучшие торговые инструменты, платформы и обучающие материалы в мире.
Увеличьте свой рыночный оборот — сделки с левериджем более чем с 1000 активов.
Фиксированные спреды MarketCFD позволяют существенно снизить стоимость сделок.
Учись торговать CFD, форекс и бинарными опционами по нашим видео, эл. книгам, вебинарам и персональным занятиям.
MarketCFD гарантирует отсутствие скрытых платежей, сборов и комиссий.
Торговля в один клик позволит вам быстро инвестировать в нестабильные рынки.
Наши специалисты работают 24/6, обеспечивая быструю и эффективную поддержку.
Центр обучения MarketCFD ежедневно вносит свой вклад в профессиональное развитие тысяч трейдеров различных уровней знаний и независимо от опыта.
Эффективные руководства по CFD, форекс для трейдеров независимо от опыта.
Более 40 видеокурсов по всем аспектам торговли и инвестирования
Ежедневно участвуйте в торговых вебинарах с финансовыми экспертами MarketCFD
Оставайтесь на связи с мировыми рынками благодаря профессиональным торговым сигналам
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CMC Markets Review: 5 Things You Need to Know Before Trading With CMC Markets
Contract for difference (CFD) trading offers investors a tremendous opportunity to trade regardless of the market direction. With the ability to trade long or short, and utilise leverage, investors will be able trade under all situations even if the price of the underlying financial instrument moves by a relatively small amount.
An additional advantage is the wide range of instruments that you can trade. CFDs are available for forex pairs, indices, shares and ETFs, commodities, and Treasuries.
Of course, CFD trading is risky as well. You risk losing your initial deposit and in fact, your losses could be even greater than the sum that you have placed as margin.
However, there are several measures that you can take to control the level of risk that you are exposed to. These include limiting the amount of each trade and following a disciplined approach towards entering and exiting a trade.
But in addition to the strategy that you adopt to limit your losses and maximise your gains, you must also ensure that you select a quality CFD broker.
CMC Markets, which started operations way back in 1989, could be the most appropriate choice. It offers among the most advanced trading platforms and its customer service levels are absolutely top-class.
Here is a brief description of the top 5 reasons to pick CMC Markets as your CFD broker:
1. Control your level of risk with a guaranteed stop loss order (GSLO)
It’s important to exit a losing trade at the correct time. If you don’t, it’s quite possible that you could see your losses mounting very quickly.
One way to avoid this situation is to place a stop loss order that is activated at a pre-determined price level. Although this is a common feature offered by CFD brokers, CMC Markets goes one step further.
You can opt for a guaranteed stop loss order (GSLO). While you are required to pay a small premium charge for this facility, it is absolutely free if the GSLO is not triggered.
These are the scenarios in which you will not need to pay for the GSLO that you have placed:
- You remove the GSLO from an open trade.
- You change over to a regular stop loss order or trailing stop loss order.
- A take profit order is triggered.
- An open trade is manually closed.
The GSLO feature offered by CMC Markets can help to control your losses in a trade that moves in the wrong direction. Additionally, its flexibility allows you to control your losses and you might get to enjoy lower margins for leverage. Find out how you can enjoy different margins on our GSLO here.
2. Get the advantage of module linking
Your trading performance is inextricably linked to the level of information that is available to you and the speed at which you can access it. CMC Markets’ module linking feature allows you to quickly obtain the information that you need.
Here is how module linking works. When you look at one product, you are able to select a chart with a shorter time frame, and then select another with a longer time frame for a side-by-side comparison.
What’s more, you can change the product with a click of a button, while retaining the timeframes set previously.
To illustrate this point, consider that the product your screen is currently displaying is gold. If you switch over to the Euro/Dollar by clicking on the product name, all the modules will be updated to show you the currency pair.
With these details in front of you, you can carry out a quick review of the information and enter into a trade. CMC Markets has made it very convenient to link up the order ticket and lock in your position once you spot a trading opportunity, in a click of a button.
3. Control your costs with the lowest fees and spreads
One of the key things you should look out for when trading, is your costs, because lower costs can help to optimise your returns.
CMC Markets has an economical and transparent fee structure. Here is how much you can expect to pay towards share CFD commissions:
|Country/market||Commission charge||Minimum commission charge|
|US||2 cents per unit||US$10|
|Canada||2 cents per unit||C$10|
Another area that you should watch out for is the spread that your CFD broker quotes. That’s the difference between the buy price and the sell price. Remember that the buy price will always be higher than the sell price and that the market price for the security will be somewhere in between.
A tight spread is beneficial for the investor. This indicates that there isn’t much difference between the buy and sell prices. CMC Markets offers among the tightest spreads to investors. Consequently, each trade that you enter into will give you a larger profit/smaller loss.
4. Over 10,000 financial products to choose from
Although it’s likely that you will be trading in only a handful of securities, it’s important that your CFD broker offers the widest possible range of trading options.
Why is that? If you decide to profit from a trade in a stock that is available in a particular market, it is ideal to be able to manage your portfolio and your risk in a one-stop shop.
This is the range of CFDs that CMC Markets offers:
|Instrument||Number offered by CMC Markets|
|Shares and ETFs||9,000+|
5. Improve your trading knowledge
You can upgrade your trading skills by studying the techniques and practices followed by experienced traders. CMC Markets offers a trading library that provides access to a host of resources for new traders as well as those who have been in the market for years.
Here’s an indicative list of the material that you can access:
- 5 Powerful Forex Trading Strategies
- How To Swing-Trade Stocks
- Learn Stop Loss Trading
- Top Tips From Successful Traders
A few minutes spent on studying the information in CMC Markets’ trading library on a regular basis can help to enhance your market knowledge.
Now, you can even take advantage of the experience and knowledge of others, with CMC Markets’ Chart Forum, a community forum where you can feel free to exchange and comment on market movements that you might have on CFD trading, and exchange trading strategies and tips with other like- minded traders.
You can trust in a market leader
Your success as a CFD trader is based on two factors. The first, of course, is your trading expertise. But it is equally important that your CFD broker provide you with a reliable platform and good customer service.
CMC Markets is consistently improving their award-winning platform to ensure their investors have the best trading experience.
Additionally, you will have access to a local Singapore-based, multi-lingual team of client service representatives, including Malay and dialect speaking representatives. This facility is available from 8am to 11pm, Mondays to Fridays.
In fact, CMC Markets’ was awarded the “Best Customer Service” award in Investment Trends for two years running in both 2020 and 2020.
At the same time, over the past 2 years, the company has won nearly 50 global industry awards. These are a strong testament to its high levels of innovation and its focus on delivering best-in-class service to its clients.
If you make the switch to CMC Markets, it’s a decision that you are unlikely to regret.
What You Need to Know About CFD Trading Before You Get Into It
Somewhere along the way, you probably heard that CFD trading could be a great opportunity to make a nice profit and you’re curious about what it is. “CFD” stands for “Contract for Difference” trading, a type of trading which gives you access to global trading markets and allows you to make predictions on the rise and fall of certain assets in the market. CFD trading is reportedly on the rise, causing more and more people to pursue the opportunity of the potential of high profits. Unfortunately, due to the high risk involved, there’s also the potential to lose big, so you don’t want to jump in unawares.
How does it work
We’re going to start with just a brief overview of how CFD trading works. After doing considerable research and finding the perfect broker, you’ll enter a contract with them for the assets you want to purchase. You’re predicting that the asset you purchased will increase in value, allowing you to then sell the contract and, hopefully, make a profit. To make a profit, you have to be able to sell your asset for more than you paid. You can also purchase multiple contracts for the asset in which you’re interested, potentially increasing your profit tremendously. You’ll ideally need a credit card (personal or business), so you might need to find fair credit cards with instant approval. If you make a profitable trade with an asset you have multiple contracts for, you multiply the spread (the difference between your initial deposit and the increased value of the asset) by the number of contracts you have purchased to get your total profit. However, that also means that if your asset decreases in value the loss could greatly exceed your deposit.
The perfect broker is key
The broker you choose will either make or break your trading career. You will depend on them more heavily than any other person in this business. If the broker you choose doesn’t have the options available in which you’re interested or isn’t easily accessible, your profits could suffer. So how do you find the perfect broker? We don’t have time to go fully into it in this article, but we’ll give you a few pointers to help guide your research and decision.
- Your broker should offer a diverse market, so that you’re sure to be able to continue to work with them, despite a change in what you’re trading. Make sure that they not only offer what you’re interested in trading now, but also a wide selection from which you can choose should your first choice prove unprofitable.
- Don’t underestimate the value of mobile accessibility. The market changes so quickly, that it’s hard to make any sort of living through trading without having a way to monitor your assets outside of the office. You’ll want to be able to access your broker from anywhere on any device so you’re guaranteed to never miss out on the highest profit.
- One of the most important things for you to research before deciding on a broker is their legitimacy. You’re entrusting them with a lot of your hard-earned money and, as previously stated, you depend on them more heavily than anyone else; you need to be sure you can trust them. Verify that they have a good reputation, are licensed, and well regulated. You want to be sure that you can trust that your money is safe.
- Lastly, you want to make sure that they are easily accessible. The perfect broker should have excellent customer service skills and be easily accessible at all dictated times. If an issue arises while you’re trying to make a trade, you want someone that will respond quickly and accurately to help you.
CFD trading can be a highly profitable business venture when done correctly, but those wanting to try it should make sure they’re fully aware of the risk involved as well. CFD trading can be a double-edged sword as a high profit also means a higher risk. Be sure to do research and maybe even start small to practice before getting in too deep. You can make a very good living through CFD trading, but nothing is guaranteed. With more and more people becoming interested in CFD trading, there’s more information readily available so you don’t have to jump in without knowing something about it first.
Everything You Need to Know About CFD (Contracts of Difference)
CFD (Contracts of Difference) trading involves speculating the price movement of an underlying asset without necessarily buying or selling the asset.
Unlike in traditional trading, buyers and sellers in CFD trades participate in the market by transacting based on the price movement of the share rather than trading the stock itself. If the share price moves upward, the buyer receives the difference in price. If the share price moves lower during the course of the CFD, the seller gains the price difference.
The main thing to remember about CFD trading is that the underlying stock is not transferred during the transaction. Only the monetary value is speculated and contracts are traded based on the movement of the share price.
The opportunities available in CFD trading are vast. You are sure to find amazing assets you can trade in CFD.
Find out more about CFD trading in the article below, everything from what it is, how it works, and the advantages and disadvantages of CFD trading.
CFD trading steps
Below is a step-by-step guide for trading with CFD.
•Open a demo account and practice your trading strategy
•Open a real account and fund the account when ready to trade
•Decide a market to trade on. There are plenty of opportunities with CFD
•Position your trade. Go for ‘BUY’ if you anticipate a price increase, or ‘SELL’ if you speculate a fall.
•Select a trade size. How many CFDs do you wish to trade?
•Add a stop-loss order
•Monitor your trade and exit the position based on your trade trigger.
Available markets and asset types
CFDs offer limitless opportunities to trade in the securities market. It is critical that you understand what asset types and markets are available and get to know what benefits each of the asset classes offer. Below are some common markets you can trade with CFD.
•Commodities (metals, energy, etc.)
Costs of CFD trading
The spread is the difference between the buy price (bid) and the selling price (offer) quoted for the underlying asset. You must pay the spread to make CFD trades. Brokers that don’t require spread charges feature commission fees instead.
The holding cost is the financing rate you will be charged for holding a CFD position overnight. Generally, this charge is subject to any position that remains open at the end of the trading day (5 pm New York Time).
Market data fees:
Because CFDs are traded at real market prices, trade-related data (share prices, price data feeds, etc.) is streamed live from an exchange. This attracts a market data feed -in the form of a subscription- that allows you to trade and acquire live share prices.
Pros & Cons
CFDs are an excellent alternative to traditional trading. They offer the trader an array of opportunities to make profits from investing in the securities market. Even so, they present the trader with a hard time balancing their trade to make a considerable profit.
CFD providers offer a variety of trading opportunities, including stocks, treasury, currency, index, crypto, sector, and commodity. This allows you to speculate in a financial vehicle they are confident in.
•No day trading requirements
CFD trading is not bound by trading restrictions like minimum deposit, or limited trades per day, that are common in most traditional markets. Traders here can start day trading unrestricted. You can start day trading CFDs with as little as $500, although $2,000 and $5,000 are common minimum deposit amounts.
•You pay the spread charge
Traders have to contend with fees, commission charges, regulations, and high capital requirements in the traditional market. In CFD trading, you have to contend with spread costs designed to trim your profits. However, some CFD providers offer competitive spreads to allow you to make significant gains from small movements.
CFDs are generally unregulated, making it a risky affair. Traders research and choose a brokerage service based on longevity, reputation, and financial position before opening an account.
CFDs trade at real market prices making it a fast-moving market that requires close monitoring. There are a number of risks you have to beware of and form suitable strategies to mitigate potential losses. You have to maintain your margin, for instance. This means that if your position is losing, then your account has to maintain the required minimum balance to support the position. If you fail to cover the margin for a weakening position, your trade will be closed, and you will suffer the loss, regardless of how the deal moves after that. You also have to beware of liquidity risk, and leverage risk, among others.
How long can I hold a CFD?
You can hold CFDs for as long you wish. However, because CFDs levy a holding charge, they start to become expensive over time. They are therefore ideal for short term trades. As a general rule of thumb, hold your position for 5 weeks, at most.
Can I trade CFDs without leverage?
Most brokers offer CFD trades that are leveraged. However, there are some providers who allow for trading CFDs without leverage.
Are CFDs the same as Forex?
CFDs and Forex trading are similar to some extent. They both involve trading based on asset price movement rather than the transfer of the actual assets. Transactions in both trades are decentralized, meaning that trades are carried out Over-The-Counter (OTC). In terms of leveraged trades, both CFD and forex trading offer trading by a margin.
CFDs have become a popular technique of derivative trading. While only seasoned investors seem to take advantage of the opportunities available in this kind of investment, it offers a lot of benefits for nascent traders as well. The best way emerging traders can approach CFD trading is by practicing. Don’t rush to pour money into a real account only to lose your life savings after a couple of bad trades. We hope that this guide will provide some excellent tips to help you start trading CFDs.
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