Legal Information: The domains www.fpmarkets.eu and www.fpmarkets.com/eu are owned and operated by First Prudential Markets Ltd (registration number HE 372179), a company authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC License number 371/18). First Prudential Markets Ltd registered address is 135 Omonoias, UAD Court, 7th Floor, 3045 Limassol, Cyprus.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.50% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read the Risk Disclosure and Warning Notice.
Risk Warning: CFDs on Virtual currencies are not suitable for all investors. They are complex, extremely risky and usually highly speculative with values subject to extreme price volatility and hence may result in losing all the invested capital over a short period of time. You should avoid trading such products if you do not have the necessary knowledge in this specific product and/or if you cannot bear the loss of the entire invested amount.
Disclaimer: First Prudential Markets Ltd assumes no liability as to the accuracy or completeness of the information provided. This communication must not be reproduced or further distributed without prior permission.
* There might be charges for certain transactions i.e. bank wire charges.
** The average order execution time between the trade being received, processed and confirmed as executed by us is on average less than 40 milliseconds. As observed from our bridge provider between 01/01/2020 - 31/12/2021 (except majority of CFDs on Indices).
*** Terms and conditions apply.
^ Sat & Sun 08:00am to 16:00pm (GMT+3).
FAQs
Forex CFDs allow you to trade on the strength (or weakness) of one currency versus another. CFD trading is the buying and selling of contracts for difference (“CFDs”) via an online provider, who market themselves as “CFD providers“.
How do I find the best CFD and forex brokers? ›
How do I choose the best CFD platform?
- Regulation: You should always make sure that your forex broker is licensed and regulated by reputable regulatory jurisdictions. ...
- Markets: It's important to verify the range of markets and tradeable instruments offered by your broker for CFD trading.
eToro is the best CFD broker in 2024.
Social trading. Forex.com - Low forex fees. Great variety of currency pairs. Diverse technical research tools.
Do forex brokers use CFDs? ›
Forex CFDs are contracts used to trade currency pairs via leverage. The forex market is known to be highly volatile, so traders often choose to trade this asset class using CFDs – as it enables them to speculate on both rising and falling prices.
Are CFDs illegal in the US? ›
Why Are CFDs Illegal in the U.S.? Part of the reason why a CFD is illegal in the U.S. is that it is an over-the-counter (OTC) product, which means that it doesn't pass through regulated exchanges. Using leverage also allows for the possibility of larger losses and is a concern for regulators.
Do CFD traders make money? ›
It's possible to make money trading CFDs with experience and a thorough understanding of how the financial markets work. But, it's well known that around 75% of retail traders (private investors) lose money when trading CFDs.
What broker do forex traders use? ›
Best Forex Brokers
| Best Overall, Best for Range of Offerings | CMC Markets |
|---|
| Best Forex Broker for Advanced Traders | Saxo Capital Markets |
| Best Forex Broker for Low Costs | XTB Online Trading |
| Best Forex Broker for U.S. Traders | IG |
| Best Forex Broker for Trading Experiences | Pepperstone |
1 more rowBest brokers for day trading
- Interactive Brokers.
- E*TRADE.
- Fidelity.
- Webull.
- Robinhood.
- TradeStation.
CFDs are a highly risky way to trade. Financial Conduct Authority (FCA) analysis has revealed 82% of CFD customers lose money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51%-81% of retail investor accounts lose money when trading CFDs.
Do professional traders use CFDs? ›
Speculators And Day Traders
Speculators tend to be more professional traders who make a living from playing the markets, and can take significant benefits in trading CFDs over other, less potent instruments.
At OANDA, we offer CFDs on most major global indices, including the UK 100, US Wall St 30, France 40 and Germany 30.
Does Robinhood offer CFDs? ›
It is not possible to trade stock CFDs at Robinhood. However, Robinhood does offer real stocks to trade. You should understand leverage and other sources of risk before picking a stock CFD broker.
What countries do not allow CFD trading? ›
CFDs are illegal in the US and Hong Kong but in other countries, they can be traded under strict regulations. In such countries as Austria, Cyprus, France, and Australia, CFD trading is legal but certain regulations are in place to protect the parties involved.
What is the difference between CFD trading and Forex trading? ›
CFD trading is mostly influenced by specific factors, such as supply and demand of a given commodity or trend changes associated with business sectors. Forex trading on the other hand is mainly driven by global events, like large employment shifts or international political changes.
Is CFD trading real or fake? ›
Many individuals have found trading with CFDs one of the more appealing methods when compared to traditional investing. It is as real as any form of traditional investing or trading but has some unique aspects that set it apart from other forms of investing or trading.
What are CFD providers? ›
CFDs are financial derivatives that allow traders to speculate on price movements of the underlying financial instruments. They are traded OTC (over-the-counter) with a broker or market maker, known as a CFD provider.
How do CFD providers make money? ›
The main way we make money is through the spread that we wrap around the underlying market price. The cost of trading is already factored into these two prices, called the offer and the bid, which means that you'll always buy slightly higher than the market price and sell slightly below it.
What is an example of a CFD in forex? ›
CFD forex example: Going long on EUR/USD
You believe the euro is going to strengthen against the dollar due. So, you decide to buy (go long) on 10,000 units of EUR/USD at 1.06600. For every pip the price moved in your favour, you'd make $1, and for every pip it moved against you, you'd lose $1.
Who are the CFD liquidity providers? ›
CFD liquidity providers are situated between tier 1 banks, such as BNP Paribas, JPMC, and UBS; and brokerages like Markets.com, IG, and Plus500. They are used when small brokerages cannot go directly to banks for liquidity purposes in the financial trading market.
