We found 11 online brokers that are appropriate for Trading CFD.
The financial markets across the world have witnessed serious turmoil and this is the reason many traders are routing their investments toward CFD gold. There is always a strong question among investors over which trade is best in making a profit and building up wealth.
The vast majority of the time, in the history of trading, the answer is gold. So, again gold trading, including CFD gold, futures and physical gold, is in high demand.
In this article, we will discuss CFD gold, the contract for the difference of the yellow and shiny metal.
Traditionally, the metal is considered as a safe haven when there are events of financial turmoil. It is ideal for hedging against market calamity because commodity having intrinsic value offers comparatively better returns.
Moreover, during the events of a better Global economy, the price of gold is driven by industrial use like in technological and medical devices. The price is also directly reciprocated by the jewelry markets.
In recent years the interest rates in the UK, US and the Eurozone nations have dropped down to all-time lows. Investors are concerned that the economy might be struck by inflation. Amid such conditions, gold is one of the most effective ways to protect against inflation. The investment can be CFD gold, gold futures, spot gold, physical gold or anything related to gold.
CFD gold is basically traded to gain from leveraged exposure. It is a derivative and so there is no owning of the gold. The profit is made from the price differences between entry and exit. Losses may also occur in a similar way.
One of the best advantages of CFD gold is that just a fraction of capital is required to trade a huge bulk. The investment or the so-called margin is about 5% or 10%. Sometimes it is as low as 3%. The rest of the share is borrowed by the broker.
CFD gold is also highly liquid. The enter and exit of positions are easy irrespective of the trade being of huge or low size. However, one important note to take into consideration here is that gold is highly volatile and price prediction may not always be correct. More to this, the broker charges a fee for holding the position on a daily basis.
Let us understand with an example. If the precious metal is quoted $1071 to $1071. The next price is the bid price and is to be paid if going long. If a trader is bullish, he can undertake a mini contract for 10 ounces with a margin of 3%. The cost of 10 ounces is $10,715 and the trader needs to invest just $321.45.
The following week, the metal is quoted at $1094.50 to $1095. The account is closed at $1094.50. This means the price has moved from $10,715 to $10,945 and this is $230 for holding the position for about a week.
In one another example let us consider the metal is being traded at $1240 and it is believed the price may move up. The trader hence opens a long buy trade. In a mini contract, he needs to pay $10 and in the maxi contract, the pay is $100 per dollar movement in gold.
Now, if the price rallies to $1,300 with a mini contract, a profit of $600 can be witnessed. Similarly, $7000 earning can be made in a maxi contract.
If the gold loses value, the losses are the same amounts.
Gold futures is one another way to trade the metal. It is traded in exchanges in markets such as Singapore, Tokyo, Sydney and London. A few of the exchanges to name here include the New York Mercantile Comex Exchange (COMEX), the Chicago Board of Trade (CBOT) and the New York Mercantile Exchange (NYMEX).
Building wealth looks easy but takes allot of work, its tough. Sometimes unbelievable profits can be made while many traders also lose money in the same fashion.
All the investors are not successful and during the events of market calamity the risk increases. Under such conditions investing in gold is believed to be a safe haven. Hence, trading CFD gold increases as it can help in hedging against potential inflation.
There are several reasons why traders move towards gold during adverse market conditions. The value of gold increases when the economy falls and also increases when certain manufacturing sector gains growth and the metal is an important component of the product. Usually, gold is required in technological and medical devices.
In this article, we discussed CFD gold in detail but it is important to once again note that the metal itself is highly volatile and the price prediction may not go always the right way. Moreover, the broker charges a fee on a daily basis if a trader holds the position after the trading hours.
If you are researching CFDs make sure to read through the below CFD related guides. You will find something useful.
We have conducted extensive research and analysis on over multiple data points on Cfd Gold to present you with a comprehensive guide that can help you find the most suitable Cfd Gold. Below is a list of what we consider to be the best CFD brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Cfd Gold.
Selecting a reliable and reputable online CFD trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade CFD more confidently.
Selecting the right online CFD trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for CFD trading, it's essential to compare the different options available to you. Our CFD brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a CFD broker that best suits your needs and preferences for CFD. Our CFD broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top CFD Brokers.
Compare CFD brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a CFD broker, it's crucial to compare several factors to choose the right one for your CFD needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are CFD brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more CFD brokers that accept CFD clients.
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IC Markets
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Roboforex
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Pepperstone
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XM
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AvaTrade
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XTB
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eToro
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NordFX
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Trading212
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FP Markets
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EasyMarkets
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) |
Min Deposit | 200 | 10 | 200 | 5 | 100 | No minimum deposit | 50 | 1 | 1 | 100 | 100 |
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Used By | 180,000+ | 1,000,000+ | 400,000+ | 3,500,000+ | 300,000+ | 581,000+ | 30,000,000+ | 10,000+ | 15,000,000+ | 10,000+ | 142,500+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with icmarkets |
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Up with etoro |
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Up with nordfx |
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Up with trading212 |
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Up with easymarkets |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 74-89 % of retail investor accounts lose money when trading CFDs | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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. | 71% of retail investor accounts lose money when trading CFDs with this provider | 81% 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. | 77% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. | Losses can exceed deposits | Your capital is at risk |
Demo |
IC Markets Demo |
Roboforex Demo |
Pepperstone Demo |
XM Demo |
AvaTrade Demo |
XTB Demo |
eToro Demo |
NordFX Demo |
Trading 212 Demo |
FP Markets Demo |
easyMarkets Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EU, FM, FR, GW, ID, IR, JP, LR, MP, NL, PF, RU, SE, SJ, SS, TL, TR, US | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, CA, IL, KR, IR, MM, CU, SD, SY | BE, BR, KP, NZ, TR, US, CA, SG | US, IN, PK, BD, NG , ID, BE, AU | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, KR, | US, CA, EU, RU, SY, KP, CU | US, CA | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE |
You can compare CFD Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top CFD Brokers for 2023 article further below. You can see it now by clicking here
We have listed top CFD brokers below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.