We found 11 online brokers that are appropriate for Trading CFD.
CFD (Contract for Difference) trading allows traders to speculate on the price movements of various financial assets such as stocks, indices, commodities, and forex. While leverage is commonly used in CFD trading to amplify the size of trades with a small initial investment, some traders choose to trade CFDs without leverage. This approach can significantly reduce risk, making it more suitable for beginners or those who prefer to manage their exposure more conservatively.
For example, a trader in the UK could invest GBP 1,000 in a CFD for a FTSE 100 stock without leverage. If the stock price increases by 5%, the trader earns GBP 50. Similarly, an Australian trader might invest AUD 1,500 in gold CFDs, aiming for a price movement of 3%, resulting in a gain of AUD 45. In Europe, a trader might allocate 2,000 EUR to trade CFDs on the DAX index, with a 4% increase in value yielding 80 EUR in profit. In all these scenarios, there is no risk of losing more than the initial investment, as leverage is not applied.
Trading without leverage provides a safer option for those who want to avoid the amplified losses that can accompany leveraged positions. For instance, in a leveraged trade, a 5% market drop could result in losses that exceed the trader's initial investment. By trading without leverage, traders limit their exposure to the exact amount of capital they have invested, offering a simpler and often less risky approach to market participation.
That said, it's important to recognize that avoiding leverage also means limiting profit potential. A UK trader using leverage could turn a GBP 1,000 investment into control over GBP 10,000 worth of CFDs, amplifying a 5% gain to GBP 500. Without leverage, the same gain is just GBP 50. Ultimately, the decision to trade with or without leverage depends on individual risk tolerance, financial goals, and trading experience.
Here are specific examples of how trading CFDs without leverage works:
To truly grasp the benefits and risks of CFDs, it's essential to understand the role of leverage. Leverage in CFD trading allows traders with relatively small capital to gain exposure to larger positions in the market. In most cases, leverage is offered on a margin basis, where traders need to deposit only a fraction of the total trade value, usually between 5-10%. The amount of margin required depends on the broker and the asset being traded.
While the margin might only represent a small percentage of the total trade value (5-10%), the trader gets full exposure to the underlying asset's price movements. For example, if the margin requirement is 10% and a trader enters a position worth GBP 100,000, they would only need to invest GBP 10,000 to control that position. However, this means that small fluctuations in the price of the underlying asset can result in significant changes to the trader's capital.
For instance, if the margin is 10% and the asset's price moves by 2%, the trader's capital is impacted by 20%. A 2% price movement can translate to a 20% gain or loss, depending on the direction of the market. As you can see, leverage magnifies both potential profits and losses, making it a double-edged sword.
It's crucial for any CFD trader to understand how leverage can affect both profits and losses. Leverage allows traders to control larger positions with a smaller investment, but it can also lead to amplified losses if the market moves against them. Many traders mistakenly believe that leverage is only beneficial for increasing profits, without recognizing its potential to amplify losses as well.
For example, if a trader invests GBP 10,000 in the stock market and the price of shares increases by 10%, they would make a GBP 1,000 profit. However, if the same trader uses CFD leverage and the share price increases by 10%, they would earn GBP 10,000 a much larger return. This leverage, while lucrative, can be risky if the market goes in the opposite direction.
The leverage effect in CFD trading is similar to how people use leverage when investing in property. For instance, in the real estate market, a person might use a mortgage to purchase a property with only a small down payment, usually around 10-20%. The rest of the funds are borrowed, allowing them to control a larger asset. If the property's value increases by 10%, the investor makes a profit on the full value of the property, rather than just the amount they invested as a down payment.
In the same way, CFDs offer the potential for high returns by leveraging a small initial investment to control a larger position. However, just like in real estate, the market can move in the opposite direction, leading to significant losses. If the value of the asset drops, the trader might find themselves in a position where they owe more than their initial investment, just as a property investor may be unable to sell a house for a profit if the property market declines.
When trading CFDs, there are two key factors that determine whether you make a profit or a loss: the movement of the underlying asset's price and the price at which you enter the trade. The trader has control over the entry price, but not over the asset's market movement. As such, understanding how leverage amplifies price movements is essential to avoid unnecessary risk.
Trading CFDs without leverage may appear less exciting than leveraging capital for amplified profits, but it offers a more controlled and risk-conscious way to participate in the financial markets. While the absence of leverage means traders cannot potentially earn massive profits from small price movements, it also ensures that risk is more manageable and better aligned with the trader's capital and risk tolerance.
The key to success in non-leveraged CFD trading lies in implementing robust risk management strategies and focusing on smaller, more consistent gains. Without the magnification of leverage, traders can concentrate on fewer but higher-probability trades, allowing them to stay more patient and disciplined in their approach. By sticking to well-defined strategies and avoiding overtrading, traders can maintain steady growth and avoid the pitfalls of emotional decision-making, which can often result in significant losses.
For example, a UK trader might purchase 100 shares of a FTSE 100 company at GBP 10 per share for a total position size of GBP 1,000. Without leverage, their potential loss is capped at the GBP 1,000 invested, offering peace of mind during market fluctuations. Similarly, an Australian trader could invest in 50 shares of an ASX-listed company at AUD 20 each, limiting exposure to AUD 1,000. In Europe, a trader might buy 200 shares of a DAX 40 company at 15 EUR per share for a total of 3,000 EUR, ensuring that only the capital invested is at risk.
One of the advantages of trading without leverage is that it provides more flexibility when it comes to position sizing. Traders can scale their positions according to their comfort level and risk profile. Since their exposure is limited to the actual capital invested, they can take larger positions without the fear of being wiped out by a single market movement. This approach also enables traders to keep a tighter grip on their overall portfolio risk by diversifying across various asset classes without the need for excessive margin.
Another important factor to consider when trading CFDs without leverage is trade selection. When leverage is not involved, traders are less inclined to take on high-risk positions, as the potential for large gains is restricted. Instead, successful traders focus on analyzing the markets carefully and identifying trades that have the highest probability of success. This often involves using technical analysis tools, monitoring key market trends, and staying updated on relevant news that could affect asset prices. By narrowing their focus to well-researched, high-quality trades, traders can increase their chances of success without the need for leveraged positions.
For instance, a trader in the UK might analyze price movements of a specific commodity like gold and choose to invest GBP 2,000 without leverage, targeting a 5% gain for a GBP 100 profit. In Australia, a trader might buy AUD 5,000 worth of shares in an energy company, aiming for a 3% price increase to earn AUD 150. European traders might take positions worth 10,000 EUR in a technology ETF, anticipating a 4% rise to secure 400 EUR in profits, all without leveraging their capital.
Furthermore, when trading without leverage, traders should place greater emphasis on exit strategies and profit-taking. Since the potential for large profits is more limited, it becomes essential to lock in gains as soon as a reasonable profit target is reached. Setting clear exit points based on technical indicators or price targets helps prevent unnecessary risk and ensures that profits are realized before the market turns against the position. Traders should also use stop-loss orders to manage losses, helping to minimize downside risk in volatile markets.
Lastly, trading without leverage allows traders to adopt a more long-term mindset. While leveraged traders often focus on short-term price movements and take frequent positions, non-leveraged traders can afford to hold positions longer, capitalizing on broader market trends. This patient approach can lead to more consistent returns over time, especially when combined with effective technical and fundamental analysis.
If a trader feels uncomfortable with the level of leverage, they can choose to trade CFDs without leverage. This allows them to still benefit from price movements in the market, but without the added risk of magnified losses. For those who are newer to CFD trading or those who are risk-averse, trading without leverage can be an effective way to reduce exposure to potential losses while still gaining exposure to the market.
However, it's important to remember that leverage is a tool designed for experienced traders. If you're unfamiliar with how it works or haven't yet developed a solid trading strategy, opting for CFDs without leverage may be the best decision. Experienced traders with a deep understanding of market movements may find that the use of leverage allows them to maximize returns with relatively small capital. But for others, it's crucial to understand the risks involved and avoid overextending beyond your risk tolerance.
Feature | CFD Trading With Leverage | CFD Trading Without Leverage |
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Capital Required |
Lower initial investment needed due to margin requirements. Example: To control a $10,000 position with 10x leverage, only $1,000 is required as margin. |
Full investment is required to open positions (no margin). Example: To control a $10,000 position without leverage, the full $10,000 must be invested. |
Profit Potential |
Higher potential profits due to amplified exposure. Example: A 5% price increase on a $10,000 position with 10x leverage results in a $5,000 profit. |
More modest profit potential, proportional to capital invested. Example: A 5% price increase on a $10,000 position without leverage results in a $500 profit. |
Risk of Losses |
Increased risk of larger losses, potentially exceeding the initial investment. Example: A 5% price drop on a $10,000 position with 10x leverage results in a $5,000 loss, wiping out the $1,000 margin and creating additional debt. |
Lower risk, limited to the amount of capital invested. Example: A 5% price drop on a $10,000 position without leverage results in a $500 loss, limited to the invested capital. |
Volatility Impact |
Higher volatility impact due to leveraged exposure. Example: A 1% price move in a leveraged $10,000 position with 10x leverage causes a 10% change in account balance. |
Less impacted by volatility, as the exposure is proportional to the capital. Example: A 1% price move in a non-leveraged $10,000 position directly translates to a 1% change in account balance. |
Required Knowledge & Experience |
Requires strong understanding of markets and risk management. Example: Managing leveraged trades requires knowing how to use stop-loss orders effectively and understanding margin calls. |
Safer for novice traders; still requires market knowledge but less risk exposure. Example: Beginners can focus on learning market trends and technical analysis without worrying about margin calls. |
Trading Speed |
Can be fast-paced due to the desire for higher returns in a shorter time. Example: Intraday traders use leverage to capitalize on small price movements within minutes or hours. |
Generally more methodical, with a focus on slower, more steady returns. Example: Traders can hold positions for days or weeks, focusing on long-term market trends without leverage pressure. |
Exposure to Market Movements |
Greater exposure, meaning small price movements can result in significant profit/loss. Example: A 2% price move on a $10,000 position with 10x leverage translates to a 20% account change. |
Proportional exposure, so market movements affect the capital directly without amplification. Example: A 2% price move on a $10,000 position without leverage translates to a 2% account change. |
Whether to trade CFDs with or without leverage is a personal decision that depends on the traders risk tolerance, experience, and understanding of the market. For example, trading CFDs without leverage allows traders to avoid the risks of magnified losses while still gaining exposure to price movements. A trader could buy a CFD for a single share of Company X, priced at $100, without leverage. If the share price increases to $110, the trader gains $10. Conversely, if the price drops to $90, the loss is limited to $10.
For another example, suppose a trader purchases a CFD for one ounce of gold at $1,950. If the price rises to $2,000, the trader earns $50 without exposing themselves to the amplified risks associated with leveraged positions. Conversely, if the gold price falls to $1,900, the loss is also limited to $50, ensuring that the trader does not lose more than their initial investment.
Ultimately, the key to successful trading is not just about choosing the right level of leverage but about understanding your own risk profile. As with any form of investment, its important to only risk what you can afford to lose. Traders should always be mindful of their capacity to handle losses, as the financial markets can be unpredictable. Never take on more risk than your financial situation allows, and ensure that you have a solid understanding of the instruments you are trading.
Trading without leverage may limit your potential gains, but it also minimizes the possibility of significant losses, making it a safer option for some traders. Whichever approach you choose, its essential to educate yourself, practice sound risk management, and never trade beyond your means.
We have conducted extensive research and analysis on over multiple data points on Cfd Without Leverage to present you with a comprehensive guide that can help you find the most suitable Cfd Without Leverage. Below we shortlist what we think are the best CFD brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Cfd Without Leverage.
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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eToro
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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SpreadEx
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FXPro
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | 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) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | 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 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) |
Min Deposit | 200 | 10 | 50 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | No minimum deposit | 100 |
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Used By | 200,000+ | 730,000+ | 35,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 51% of retail investor accounts lose money when trading CFDs with this provider. | 69% - 83% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | 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, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, 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, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | 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 | US, TR | US, CA, IR |
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 2025 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. 51% 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.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
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