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Choosing the right CFD platform

Choosing the right CFD platform

Different CFD brokers have different CFD platforms. Sure, you can choose between CFD brokers that have the most attractive looking, easy-to-use trading platforms, but you might end up stuck with a broker that charges more commission over stock trades than you are comfortable with. That’s why it’s always good to look for the right CFD platform, but to never forget that a platform is always bound to certain CFD brokers. Pick one platform, and you’re automatically in with that broker as well. You can see how it’s important to not just research a CFD platform, but to also thoroughly research the broker connected to that platform. All that aside, let’s take a look at what a good CFD platform looks like.

  • Friendly interface: A good CFD platform looks clean, and easy-to-use great post to read. If you’re a beginner, you’re definitely going to want to look for a CFD platform with the right look. Too cluttered of an interface, and you might get confused. However, don’t settle for too simple. You still want all the information you can get!
  • Graphs: Graphs can be very useful when it comes to trading CFD’s. You’re going to want to know what CFD is doing great, and which ones aren’t doing so well after all. A visualization of CFD’s can be very useful in this case. Most platforms have this feature built in, but if not… it might not be right for you.
  • Preference: Do you prefer to do your trading in an app or in your browser? This all comes down to personal preference, of course. If you have a stock broker that mainly works via an app, you have to take this into consideration. Some CFD brokers offer app support as well as browser support, whereas other CFD brokers work exclusively with a browser CFD platform.

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