Open a CFD trading account with FXOpen and access forex, indices, stocks, commodity and cryptocurrency* markets.Open a CFD trading account
FXOpen: CFD trading for the experts
Contract for difference (CFD) trading first emerged in the early 1990s and has since become a firmly established concept in trading circles. It is often seen as high risk compared to other strategies, and as such most successful CFD traders are experienced individuals backed up by a wealth of expertise and acumen in the field.
Advantages of CFD trading with FXOpen
One platform with multiple instruments and markets
With us, you can use one platform for index trading as well as for commodities (metals and energy only), forex, shares and cryptocurrency* CFDs.
You're trading with a true ECN broker
You're trading with a true ECN broker trusted by more than 1 million traders worldwide.
to your individual trading style and strategies, meaning you are in complete control of your trading.
Access to automated trading
You have the choice to download and use ready-made scripts and expert advisors or create a custom indicator or script, based on your very own trading strategy.
Access anytime, anywhere
via the desktop, web-based or mobile version of the FXOpen suite of trading platforms.
A wide range of analysis
50+ built-in indicators and graphic tools for technical analysis, quotes history center, strategy tester and news, all designed to help you increase your trading knowledge.
What factors can affect CFD trading?
CFD trading is where a buyer and a seller enter an agreement to exchange the difference between the value of an asset at the time the contract opens and when it closes.
CFD traders do not own the underlying asset, which is a key point of difference from traditional share trading. Instead, traders are essentially speculating on an asset’s price either rising or falling.
CFD trading is done on margin, meaning traders only have to put up a percentage of the position’s value rather than its entire worth. If a trader thinks an asset’s value will rise, they can open a buy position. If their prediction proves correct, they can choose to close the contract and sell, thus making a profit. By contrast, if the price falls below what they paid, they need to make a decision over whether to close the contract and accept their losses or hold and see if the value recovers.
On the other hand, if a trader believes an asset’s price is due to fall, they can open a sell position. If the market trends as they forecast it would, they’ll make a profit. But if the asset’s value confounds their expectations and rises, they will stand to make a loss.
Which instruments can you access via ECN trading?
By opening a CFD ECN trading account with FXOpen, you’ll be able to trade CFDs in:
the conversion of one currency into another
the exchange of assets – metals and energy– based on the price of a physical product such as gold or oil
where you buy and sell stocks in publicly listed companies
where you buy and sell the underlying coins or speculate on their price movements via CFD trading
the trading of a group of shares within a certain sector or niche
The risks and rewards of CFD trading
Before you start, it’s vital that you have a deep, extensive understanding of what CFD trading is. Most successful CFD traders are vastly experienced operators with well-formed strategies that have been honed over a number of years, so it’s important to conduct plenty of research and analysis prior to taking steps into the world of online CFD trading.
As with any form of trading, there are opportunities for reward but there are also risks involved. 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 determining market factors such as fluctuations in supply and demand or geopolitical issues will also help you understand the risks of CFD trading. You can put that knowledge to good use by creating robust strategies that will mitigate those risks.
CFD trading with FXOpen
Register for an account with FXOpen and gain access to our cutting-edge CFD trading platform.
You can trade multiple instruments – forex, indices, shares,
commodities and cryptocurrency* – all from one account.
Just fill out our simple registration form and verify your ID before you begin. Your online CFD trading journey starts here, so why not contact us today or open an account.
What factors can affect CFD trading?
It’s important to remember that in most markets prices will move up and down based on supply and demand. Because CFD trading 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, by extension, the 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 such determining factors will help you decide on a strategy for running your CFD trading account.
How does a CFD trading platform work?
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 a number of instruments including forex, shares, commodities, indices and cryptocurrencies*. There is a minimum deposit of £300, $300 or €300 and demo accounts are available to allow you to get a feel for online CFD trading.
How to define success in CFD trading?
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.
Being new to CFD trading doesn’t mean you won’t be a 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 any losses that you may incur, you too can discover a formula for how to trade CFDs successfully.
*Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients.