FXOpen: The best CFD trading platform for experts
Advantages of CFD trading in Australia with FXOpen
One platform with multiple instruments and markets
With us, you can use one CFD trading account and one platform for commodities, shares, indices, forex and cryptocurrency.
We’re an ASIC-regulated CFD trading broker
We’re authorised and regulated by ASIC in Australia and keep client funds in segregated Australian bank accounts.
to your individual trading style and strategies, meaning you are in complete control of your CFD trading.
Access to automated trading
Our platforms can be tailored to your trading style and strategies, putting you in complete control of your CFD trading.
Access anytime, anywhere
Access commodity trading online via the desktop, web-based or mobile version of the MT4, MT5 and TickTrader trading platforms.
Access to a wide range of analysis
50+ built-in indicators and graphic tools for technical analysis of markets for CFD trading, plus a quotes history centre, strategy tester and news, all designed to help you increase your knowledge.
What is CFD trading?
CFD trading is done on margin, meaning you only have to put up a percentage of the position’s value rather than its entire worth. If you think an asset’s value will rise, you can open a buy position. If your prediction proves correct, you can choose to close the contract and sell, thus making a profit. But if the price falls below what you paid, you need to make a decision over whether to close the contract and accept a loss or hold and see if the value recovers.
It works the same way in reverse too. If you believe an asset’s price is due to fall, you can open a sell position. If the market trends as you forecast it would, you’ll make a profit. But if the asset’s value confounds your expectations and rises, you’ll stand to make a loss.
Which instruments can you access with CFD trading?
The risks and rewards of CFD trading
As with any form of trading, there are opportunities for reward as well as risks. For example, because CFD trading is done on margin, professional clients could stand to lose more than the initial capital they put up to take a position. Retail clients benefit from FXOpen’s negative balance protection, which means they can’t lose more than they deposit.
Being aware of other influential market factors such as fluctuations in supply and demand or geopolitical issues will also help you understand the risks of CFD position trading. You can put that knowledge to good use by creating robust strategies to mitigate those risks.
CFD trading with FXOpen
Your online CFD trading journey starts here, so why not contact us today or open an account. Just fill out our simple registration form and verify your ID to begin.
What factors can affect CFD trading?
It’s important to remember that in most CFD trading markets
prices will move up and down based on supply and demand.
can be used to execute trades across a wide range of
instruments such as forex, shares and more, there are several
factors that can impact prices and your potential to make a
profit or a loss.
Economic and geopolitical issues can affect productivity levels and supply chains, as can government legislation. Being aware of relevant determining factors in your chosen markets will help you decide on a strategy for running your CFD trading account.
How does CFD trading work through our platform?
Our most popular CFD trading platform works on an ECN model,
where there is no dealing desk and trades are always executed
at the best possible price. With an ECN account, traders are
charged a small commission on their trades. We also provide an
STP account where that commission is already built into the
spread to keep pricing simple.
Our CFD trading platform enables you to trade several instruments including forex, shares, commodities, indices and cryptocurrencies. There is a minimum deposit of Micro ECN – AUD 200; Standard ECN – AUD 1,000; VIP ECN - AUD 25,000; STP – AUD 10; Crypto ECN - AUD 400 and demo accounts are available to help you to get a feel for online CFD trading.
How to trade CFDs successfully
CFD trading is complex and comes with a high risk of losing
money due to leverage. Most successful CFD traders are vastly
experienced veterans who have honed their skills over years of
operating in the markets. But being new to CFD trading doesn’t
mean you can’t achieve success.
What’s important is defining what that success looks like and how you plan to achieve it. You need to take your emotions out of the equation and make cold, calculated decisions based on your in-depth analysis and research. If you manage your expectations and form a strategy that enables you to mitigate against losses, you too could discover a formula for how to trade CFDs successfully.
*Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under ASIC Rules. They are not available for trading by Retail clients.