Cfd brokers UK facilitates the buying and selling of ‘Contracts for Difference’, which allow traders to speculate on price movements (up or down) of a variety of assets without actually owning them. CFDs are often offered on leverage, which increases your exposure to gains and losses. UK traders are regulated by the Financial Conduct Authority and must offer negative balance protection. When choosing a broker, it is important to review their regulatory status, minimum deposit requirements, trading platforms and fees.
Most reputable CFD brokers in the UK will offer a free demo account to enable you to test their platform before investing real money. In addition, many will offer reward programs such as deposit bonuses and promo codes. However, the FCA has recently clamped down on misleading promotions, so you may find it harder to get a good deal now than in the past.
Comparing CFD Brokers in the UK: Making Informed Choices
The best cfd brokers uk will provide you with access to a variety of trading instruments including Forex, shares, commodities, cryptocurrencies and ETFs. They will also offer low spreads and zero commissions. However, it is important to remember that trading CFDs carries significant risk and 68% to 84% of retail investor accounts lose money.
The best CFD brokers will have mobile apps that support the most popular devices and operating systems, including iOS and Android. In addition, some will offer advanced charting tools and technical indicators to help you make informed trades. Some of the most popular UK CFD brokers will also provide you with a margin calculator to help you manage your risk.