Best CFD Account 2023 - How to Fund CFD account

Last updated: 28.02.2023
Paddy Osborn
Author:
Paddy Osborn
Adviser
CFD & Trading
Experience
24 years

CFD, short for contract for difference, is a financial contract between a buyer and seller where the buyer pays the seller the difference in an asset’s opening and closing price. The primary benefit of trading CFDs is that you don’t have to own the underlying asset and hence the capital required to trade CFDs isn’t much. However, since CFDs are high-leverage products, the chances of facing unprecedented loss are quite high.

Keeping in mind the risky nature of CFDs, we’ve designed the best CFD account to help you make the most out of your trading journey. Continue reading to better understand why Nextmarkets’ CFD account is the right choice for you.

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  • What is a CFD account?
  • What to consider before choosing a CFD account
  • How to profit with CFD account
  • Advantages of trading CFDs
  • How to register a CFD account
  • How to fund a CFD account? 
  • FAQs

How CFD works

A CFD is basically an agreement between an investor and a CFD broker where they agree to exchange the difference in the value of an asset over a certain period. The primary benefit of trading CFDs is that the trader doesn’t own the underlying asset. Instead, the trader makes a profit or faces loss based on an asset’s change in value. In simpler words, the trader speculates whether an asset’s price will rise or not, and based on that, makes a CFD trade. If his speculation was correct, the trader gains profit, and if not, he faces loss.

Imagine you’re a CFD trader; now you’ll analyze the market value of a certain asset. You can either bet on an upward movement, which means that the price of the asset is likely to rise, or you can bet on a downward movement, which means the price of an asset is likely to fall. Then, the difference in the asset’s purchase price and selling price is calculated and settled through the trader’s trading account.

Considering the risky nature of CFDs, they’re mostly traded by experienced traders. However, it’s important to remember that alongside experience, the trading platform used to trade CFDs is equally important. In order to minimize the risks that tag along with CFD trades, we at Nextmarkets provide our traders with numerous tools, educational material, professional/expert guidance, and much more to assist them with their trades.

nextmarkets best CFD broker

What is a CFD account?

In order to trade any instrument online, the primary step one must take is registering an account suitable for trading that instrument. A CFD account is basically an account specifically designed to facilitate contracts for differences trading with ease. Nextmarkets CFD account not only provides users with a platform to make CFD trades on a wide range of instruments instantly, but instead the account also offers educational tools, professional analysis, expert guidance, trading tips, and a lot more to make sure traders are able to make the most out of there CFD trading journey.

A cherry on top is that you can trade CFDs through the Nextmarkets demo account feature to experience CFD trading on a real-time market without risking any of your capital. The demo account aims to make sure you’re prepared to enter the world of CFDs, and you don’t end up losing more than you can endure. So, once you’ve registered for a CFD account on the platform, you’ll receive fake money, and the platform will look exactly like it would in real life. You can explore your trading options and play around with trades to get a hold of the experience and gain confidence.

What to consider before choosing a CFD account

When it comes to trading CFDs, the platform you choose plays a huge role in the success or failure of your trades. So, you must choose the best CFD account in the market. To make the choosing process easier for you, we’ve jotted down a list of factors to consider before choosing a CFD account:

  • An easy-to-use and friendly trading platform.
  • The broker must be regulated under one or more tier-1 financial authorities.
  • A responsive customer support service.
  • Proper security policies to ensure the platform is secure.
  • Fast and easy deposit and withdrawal process.
  • Availability of professional support and guidance.

Thankfully, we at Nextmarkets carry all the qualities of a top-notch CFD trading platform. We are known for being one of the most innovative yet user-friendly online brokers out there. Not only is our platform easy to use, but there are several tools we’ve designed to facilitate easy and profitable trades. For instance, our users can follow expert traders or chat with trading coaches specializing in CFD trading.

On top of that, our platform is highly secure and regulated under the MSFA (Malta Financial Services Authorities). Our clients’ safety and success is our primary aim, and thankfully our platform helps us achieve that to a great extent. Apart from the best CFD account, we also offer traders the best forex account for beginners.

CFD trading tips – How to profit with CFD account

Although CFDs are highly risky instruments, there are many people that actually profit through them. The key to making successful CFD trades is to follow the following tips:

Use a demo account first: Not only does a demo account give traders a better understanding of the platform they’re planning to trade on, but it also enables users to depict the risks that they’ll have to bear, tells them where they stand in terms of trading knowledge, and enables them to practice their trading skills until they’re confident. Our trading platform is absolutely free, and you can register within minutes to begin polishing your trading skills.

Use stop-loss orders: This is one of the most important strategies to be used by a CFD trader. Why? Well, simply because if you’re unable to discontinue an order when it’s resulting in loss, you could end up losing more than you invested. A Stop-loss order is an easy way to limit the risk of losing capital in trades.

Research, research, & research: We cannot emphasize the importance of learning enough, especially when it comes to CFD trading. It’s always beneficial to do your homework before jumping into trades. Simply so you have a clearer picture of what you’re dealing with, what actions or strategies are necessary, and how you can make the most out of your trading journey. An effective strategy is a one-percent strategy where traders don’t invest more than one percent of their funds on a single trade.

Limit leverage: The main reason CFDs are high-risk is that they’re highly leveraged. To reduce the risk of potential loss, it’s best to start with small trades and lower leverage.

Follow your markets: What causes a shift in the market? Supply and demand. So, as a trader, it’s best to know what external factors affect the supply and demand of the market you’re interested in. You can also analyze how the market reacts on an ongoing basis. Following your market is a highly effective way of ensuring you make wiser and more potentially profitable trades.

Advantages of trading CFDs

Registering a CFD account with us won’t take more than a few minutes. All you need to provide is a few basic details, and we’ll do the rest for you. Just like our CFD account, you can register for our demo account just as easily. Hop on to our sign-up page and begin your journey as a CFD trader on the best CFD trading platform out there.

Best CFD trader account

Having an easy-to-use, easy-to-register, and a well-designed trading account can do wonders for you. Luckily, our trading platform is top-notch as it offers users thousands of markets to trade with, educational material for continuous learning, expert coaches for ongoing support, fantastic customer service, and many unique tools designed to make CFD trading as easy as possible. You can hop on to our website and register the best CFD trader account for your future trades.

Very intuitive and user-friendly platform

Our customers are our main priority, which is why our platforms and accounts are designed in an extremely intuitive and easily navigable manner. Traders can benefit from our numerous tools, and if there’s even a slight bit of a problem, our customer support team is working actively to solve it as soon as the issue reaches their knowledge.

A secure account

It’s hard to trade peacefully unless you know the platform you’re using is trustworthy and takes several measures to ensure your funds and data are protected. Nextmarkets encourages users to use lengthy and complex passwords and also uses encryption on their sites and applications to ensure their trading platform is completely safe. You can make as many trades as you want without worrying about your funds or data being affected.

Easily accessible account

Trading CFDs requires traders to keep an eye out for opportunities in the market and analyze open positions to make sure they’re not ending up in loss. Thankfully you can use your CFD account simply through your phone or tablet from anywhere and at any time. Our mobile application can be downloaded instantly for free, and you can make trades on the go throughout the day.

Benefits of trading CFD with nextmarkets

Apart from providing one of the best CFD trading accounts in the market, we’re focused on protecting your investments as well. So, there are several additional benefits you can expect to enjoy while trading CFDs with us, including;

  • We offer our traders’ deposit insurance worth up to 1000’000 GBP, so they know that we’ve got their back.
  • We also offer financial backing from some of the most renowned investors, including Peter Thiel.
  • Making deposits and withdrawals through our platform is a piece of cake, just like everything else on our CFD account. We’ve mastered the art of simplifying otherwise complex things for the ease of our traders.
  • Apart from the best CFD account, we offer other accounts such as the best stock trading account as well.

Make flexible trades on the best retail CFD account out there

Things just keep getting better, don’t they? Traders can make flexible trades on their CFD accounts with us. How flexible, to be exact? Well, it depends on what you’re aiming at. Whether you’re interested in making low-risk trades, or you want to step up your game and use advanced strategies while making riskier trades, almost everything and anything is possible on our CFD trading account.

How to register a CFD account

Registering an account with an online broker has never been easier. As we strive to make life easier for our traders, we’ve put an extremely simple and fast account registering process in place. Trust us when we say it won’t take more than a few minutes before you’ll be able to make your initial trades on our top-notch trading platform.

All you have to do is visit our account sign-up page and enter some basic details. Once you’ve added your details, we’ll send you a confirmation email as an authentication method to make sure your account isn’t being used by someone else. After authenticating the account, you’ll be able to immediately sign in and explore our fantastic tools and innovative platform. What’s next? Well, you can deposit funds into the account and begin your trades accordingly.

It’s an equally simple process to register your account on the best day trading account on our platform.  

Best forex broker - nextmarkets

How to fund a CFD account? 

Alongside flexible trading, next markets also offer traders flexible payment options. You can fund your account through debit/credit card, bank transfer, and PayPal. The fastest way to deposit money would be through a debit/credit card or PayPal, whereas bank transfer could take up to a few days.

As soon as you’ve registered your account with us, you can explore trading opportunities and fund your account accordingly.

Key tip: Never add more money to your account than you can afford to lose. In order to balance out the potential risk of CFDs, start off with smaller trades until you’ve gotten a grip of CFD trading and know your way around the markets you’re trading in. Once you’re confident in your trading skills and strategies, apply them to bigger trades to increase the chances of greater potential returns.

Final thoughts

While it’s no secret that CFDs are highly risky instruments, there are many ways one can decrease risk and increase potential profits. Firstly you should trade with the best CFD account in terms of tools, expert support, learning material, user-friendliness, and a lot more. Here at Nextmarkets, we’re proud to be able to provide our users with a top-notch trading platform and the best CFD account for beginners and experts alike.

Once you’ve registered an account with us, you can follow several trading strategies and benefit from trading tips provided online. At the end of the day, the more you know, the better you trade. Not only do we provide our traders with the best trading platform, but we aim to encourage continuous learning through numerous means.

If you’re looking forward to investing in CFDs anytime soon, you can sign up today and experience the world of CFDs without risking any capital through our demo account feature. In fact, if you’re interested in other types of accounts, we also offer our users the best share trading account

Best CFD account FAQs


Are CFD safe for beginners?

Day traders mostly trade CFDs due to the high leverage they come with. So, day traders prefer it as they can make expensive trades without investing as much money. Because trading CFD is such a risky instrument, most platforms encourage experienced traders to trade them. However, one can practice CFD trading through a demo account beforehand as well. So eventually, CFD trading is good for all levels of trading experience. However, beginners must choose a suitable and high-end trading platform.


Can I get rich trading CFDs?

Whether or not a CFD ends up in profit is dependent on how the trader predicts the market movement for the asset they traded on. If they were right about the market trend, they win the bet and gain profit. So, whether or not a person’s CFD trading journey will be successful depends on how good the person’s market analytical skills, strategies, and knowledge are.


How long can you hold CFD contracts for?

On most instruments, CFD traders can hold CFDs for as long as they wish. The only possible drawback is the cost of holding a position overnight; however, if you’re determined that your trade will end up in profit, it might be worth it.


How long should you hold a CFD position open for?

While there isn’t a fixed rule stating when one should close a CFD position, it depends on the strategies applied and the market’s direction. For instance, if you open a trade and it starts to move in the opposite direction, you should use a stop-loss order and close your position before losing more capital than you would like. Traders have to follow the market to depict their next actions or actions that are necessary.


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