As you probably know, currencies are not the only assets FX traders allow you to trade. Even though they do not provide direct access to stocks, bonds and commodities and other financial assets, you still can trade them indirectly through such derivatives as contracts for difference (CFDs for short).
It should be noted that such contracts are often used to hedge trades or benefit from speculation. In other words, CFDs are used to gain profits from the difference between buy and sell prices.
At the same time, most experts believe that CFDs has one major benefit as compared to physical commodities or stocks. The thing is that when trading CFDs you don’t have to purchase or sell the very asset you trade, which allows you o save a lot of money by avoiding extra expenses associated with delivery, account management and various extra fees.
On top of that, CFDs help traders diversify their portfolios through trading various markets. Most FX brokers offers currency pairs along with CFDs, which means you can trade both at the same time and by using the same account.
Still, there are many FX broker offering CFDs out there. Not all of them are equally reliable and reputable. This leads us to believe that it is important to choose from the best representatives. While doing all hat on your own can be time-consuming and tedious, you can save your time, effort and even money by making use of a new rating of FX brokers offering CFD trading. This rating is a part of the source called Masterforex-V Expo, the most unbiased and transparent collection of FX ratings on the web. What makes it unbiased? The thing is that all of the ratings are based on a certain set of quantitative criteria, which are next to impossible to manipulate. Therefore, the possibility of any abuse has been reduced to nothing. Therefore, you can fully rely on the rating when choosing an FX broker to go with.
The rating is updated on a monthly basis. The latest update took place the other day. So, the fresh rating looks as follows:
The chart indicates that the following 3 brokers represent the industry’ TOP3 when it comes to CFD trading:
- Fort Financial Services
- CarryFX
- London Capital Group
They are followed by:
- ActivTrades
- FxPro
- FBS Markets Inc.
- LiteForex
- Forex4you
- Larson&Holz
- PROFIT Group Inc
- FreshForex
- Finotec
- iFOREX
- Grand Capital
- BMFN
- Lionstone Investment
- MAYZUS
- FX Start
