![]() Between 74% and 89% of retail investor accounts lose money when trading CFDs. ![]() Here are our findings for 2023.ĬFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Understanding more about your investment style needs can help determine which forex broker will be best for you.Įach year, our team here at tests the biggest names in foreign exchange and assembles a guide to the best forex brokers for forex and CFDs trading. As a contract for difference (CFD) trader or forex investor, you may have specific needs related to which platform, trading tools, or research requirements you have. Trading with a trusted forex broker is a crucial factor for success in international currency markets. To trade forex, you need a reputable online broker. The forex market is the largest and most liquid market in the world, representing every global currency with trading conducted 24 hours a day, five days a week. Dollar (USD)? To do so, you would trade (or place a spread bet on) the EUR/USD currency pair, which is a forex investment. Are you looking to speculate that the Euro (EUR) currency will go up in value against the U.S.
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