CFDs (contracts for difference) are a popular and convenient way to trade on global markets. In essence, they allow you to speculate on the direction of underlying market prices without buying and selling any actual shares or tradable assets. They are a legal financial instrument that is tightly regulated in many jurisdictions and traders can use them to gain exposure to domestic markets as well as global ones.
In order to find the best Compare CFD Trading Platforms UK for your trading needs, you need to take into account a wide range of factors. These include dealing commissions, margins, charting, research tools, and the selection of markets to trade on. Some brokers are better suited for certain markets, while others offer more competitive packages.
Some of the top UK CFD brokers include eToro, Pepperstone, and IG Markets. All three have unique strengths that make them great options for different types of traders. For example, eToro offers a social and copy trading experience that is ideal for casual or time-pressed traders, while Pepperstone excels in offering advanced trading tools. IG is a trusted name in the industry and offers one of the most comprehensive selections of tradable instruments and market pairs.
Best CFD Trading Platforms in the UK
When it comes to choosing a CFD broker, it is important to look for one that is authorised by the FCA (Financial Conduct Authority). This ensures that the company is reputable and treats its customers fairly, and your money is protected if something goes wrong. It is also a good idea to check that the broker you choose has a decent amount of liquidity, so that you can open and close positions quickly.