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CFD Trading Online With BullMarketz
Welcome to BullMarketz.com - your go-to stop for everything related to CFD and forex trading including how to guides, investment advice, trading news, and more importantly, unbiased broker reviews.
This website is run by day traders, for day traders and here you’ll find an ever-growing plethora of useful information that you can apply to your own strategies.
Our goal is not to provide “get-rich-quick” schemes but rather to educate traders about the ins and outs of trading so that they can improve their knowledge and maximize their opportunities.
Below you’ll find a summary of what’s offered on this site as a whole with links to important pages and references to some of our most appreciated work.
For example, you can read more about CFDs in general or the different securities that can be traded as derivatives.
We even provide a short-list of some of the best brokers on the market based on certain criteria.
If you already know what you’re looking for, we will refer you to our “What do you want to trade?” tool above, otherwise, we suggest you get started with our introduction below.
What is CFD Trading?
CFD trading is one of the most popular forms of leveraged derivatives trading in the world and something that millions of traders partake in every day.
Due to the similarities that CFDs share with forex trading, CFDs are normally offered by forex brokers where the assets are integrated with the same platform.
Being the fact that CFDs are derivatives, you never buy the underlying asset you trade with but instead buy a contract representing the value of the said instrument with the goal of speculating on the value.
In turn, this makes CFD trading extremely versatile, although risky.
There are two main reasons why CFDs have become so popular.
Firstly, CFDs allow you to trade on pretty much any market in the world from stocks and forex to cryptocurrencies, but more about that further down.
Secondly, CFDs are relatively easy to understand, and they provide a range of unique opportunities for traders including going both long and short, i.e. trading on markets moving in both directions.
In other words, regardless of what market and instruments you’re interested in, you could get started trading right away and slowly pick up the necessary skills while trading on any market you could imagine.
Better yet, CFD trading is not only available on computers through desktop software and browser-based platforms, but also on all mobile devices.
But what are CFDs? Let us take a look.
What Are CFDs?
CFDs stand for Contract for Difference, and they are legally binding contracts between two parties, in this case, between you and a broker.
The contract stipulates that the seller (broker) must pay the buyer (you) the difference between the bid and ask price of an underlying asset.
If the difference is positive, the buyer has made a profit but should the difference be negative, it is the buyer who pays the seller.
It is important that you understand that if the price of the underlying asset would fall below (or rise above when short trading) your purchase price, you will owe the broker money. And since you will be using leverage for all your positions, the amounts can add up quickly.
That being said, the concept behind CFD trading is that it always favors you.
These contracts are time-based but usually not time-limited meaning you’re in charge of when you want to sell your contract.
Leverage and Margin
Another important part of CFDs that you need to understand is that they all come with leverage and margin that increases your exposure.
Now, leverage can do one of two things for you.
When used correctly with a well-predicted trade, leverage will increase your profits and allow you to make money from the smallest market movements.
However, just like leverage increases your profits, it can also increase your losses which is why you have to be careful when trading with leverage.
Which Instruments Can You Trade?
As mentioned before, CFDs can be applied to pretty much any instrument or contract that has a fluctuating value.
Below you’ll find a list of some of the most common assets offered by brokers from all over the world.
Stocks - Buying stocks as CFDs is incredibly popular since it allows traders with limited funds to speculate on stocks they couldn’t afford to trade otherwise. Today, most brokers provide a large selection of stocks from the American, European, and Asian markets.
Forex - Although not technically a CFD, currency pairs share many similarities with CFDs and is therefore often offered by the same brokers on the same platforms. Trade on major currency pairs such as USD/EUR or GBP/USD, or try your luck with more exotic currencies such as SEK, TRY, and THB.
Commodities - Commodities such as oil, gas, gold, sterling, and sugar can all be purchased as CFDs. This is a market where the above-mentioned leverage comes into the picture since many commodities aren’t very volatile and their market movements are usually limited.
ETFs - Exchange-traded Funds is another popular security that’s popular among “regular” traders and investors and that has grown in popularity among CFD traders. Along with ETFs, many of the best CFD brokers offer other contract-based securities such as bonds.
Cryptocurrencies - The trading world was quick to jump on the cryptocurrency band-wagon, and today it’s one of the most popular asset classes offered. Most leading brokers provide CFDs on large cryptocurrencies such as Bitcoin, Ethereum, XRP, etc. and it has become increasingly more common for brokers to develop their own wallets and crypto to fiat services.
In addition to these securities and assets, many brokers offer unique assets, and their selections tend to vary from one another.
Therefore we always suggest that our readers try and figure out what they are looking to trade and then find a broker that provides those opportunities.
The tool on the top of this page is a great way to find a broker that suits your particular needs.
How We Test, Evaluate And Review Brokers
BullMarketz.com provides online brokerage reviews for the global forex and CFD markets, and we pride ourselves on offering 100% unbiased reviews based on factual and rigorous testing.
We also continuously strive to keep all of our reviews updated and accurate which means we continuously re-test every single broker and update our recommendations accordingly.
If you’re looking to learn more about how we review the recommended brokers, we suggest you keep reading.
The Reviewing Process
Our reviewing process is simple, and our goal is to make sure that we check out and test every single part of each broker.
This rigorous type of testing requires a group of professionals that spend many hours of work using a range of devices and tools.
After we’ve collected all the data we need and tested all the features, we combine the information and compare it to other brokers.
In addition, we also consider what other traders and users have to say about each broker by visiting forums and reading other reviews.
That being said, what other people have to say about a broker does not weigh as heavily as the actual testing we do, and our reviews are always based on the testing.
Requirements: What We Look At
We have two sets of reviewing processes with slightly different goals and outlines.
The first one is the general review where we go into detail about every little part of each broker.
You can find the results from these tests in our comprehensive broker reviews.
In the reviews, you can find everything about the broker you're interested in ranging from their software and products to the assets they offer, how well the platform works, and whether or not they offer competitive fees.
The second type of review we do is more specific and is based on a set of criteria.
When we do those comparisons, we focus most of our efforts on the specific feature or criteria that we’re comparing.
This means that a broker that scores high as a forex broker might score worse as an online trading stock broker. Also, a great forex broker in the UK might not be available as a forex broker in South Africa, and so forth.
Naturally, the single most important requirement for any broker that we recommend is that it has to be safe.
Therefore, the first thing we check before we look at anything else is whether a broker is regulated with the appropriate licenses.
Any broker that isn’t licensed won't be reviewed any further since they can’t be considered safe to use.
The easiest way to check a broker’s safety measure is to see how they are regulated by since there are only a few really trustworthy regulatory bodies in the industry.
- Cyprus Securities and Exchange Commission (CySEC) - This is the leading regulatory body in Europe and they oversee most brokers that operated within the European Union. Any serious forex and CFD broker in Europe will have to be approved by the CySEC and most of the brokers we recommend are.
- Financial Conduct Authority (FCA) - The FCA are based in the UK and they work closely with the CySEC to ensure that brokers follow the regulation of the European Union, or more precisely the European Securities and Market Authority (ESMA). In the world of finance, FCA is considered a top dog.
- Australian Securities & Investments Commission (ASIC) - Australia is one of the strictest forex and CFD markets in the world and ASIC is the authority that oversees all the trading in the region as well as parts of Asia. Therefore, any broker with an ASIC license is to be considered safe to use.
- Financial Sector Conduct Authority (FSCA) - In 2018, the FSCA was created to replace the former Financial Services Board (FSB) in South Africa - one of the world’s most up and coming markets. However, due to failures in their regulatory duties, we don’t recommend brokers that are only licensed by the FSCA.
In addition, every country in the world has their own financial regulatory authorities such as Finansinspektionen (FI) in Sweden, and they tend to have a list of the brokers they approve of as well as blacklists of services to avoid.
Therefore, you as a trader can double check the brokers we recommend with your nation’s authority board.
How We Conduct the Tests
Our tests are conducted over several day periods where each part of every broker is tested on whichever devices they support.
In general, that means each broker gets tested on a PC, Mac, iPhone, iPad, Android smartphone as well as an Android tablet.
In some cases, when necessary, we also conduct tests on Windows phones and Apple watches.
Web traders are tested in the three main browsers using high-speed fiber optic internet.
All of our reviews are done by a team of experienced traders with immense knowledge and an understanding of how the industry works and what is needed from a broker.
Moreover, even though we may receive a commission from certain brokers that we recommend, we always commit to producing unbiased reviews, and we would never change any of the results based on economic reasons.
Different Reviews We have Done
Chance are that you have found us because you’re looking for a broker.
Either you’re just getting started and need to find a good broker for beginners, or you already have experience but are looking to try a new platform or a fresh selection of assets.
Either way, you’ve come to the right place.
We have spent - and still, spend - hundreds of hours testing and reviewing all the brokers we can find and we have listed the best of the best here on BullMarketz.com.
All of our reviews are 100% unbiased and extremely comprehensive since we want our readers to get a fair and full-covering image of the brokers before they sign up to start trading.
As mentioned, we also conduct reviews based on certain criteria such as regional availability, available assets, etc.
- Best Trading Platform - We have listed platforms based on their software and the trading platform the offered.
- Best CFD Broker - If you’re planning to only trade CFDs and not forex, the following brokers are best suited for you.
- Best Forex Broker - We have also curated a collection of the best forex brokers available in Europe if that is what you’re interested in.
- Best Stock Trading Apps - Mobile trading has never been more relevant and certain brokers have better stock trading apps than others.
- Best Online Stock Broker - Find a broker based on their selection of tradable stocks, whether you’re looking to trade American, Asian, European, or other stocks.
Conclusion Before We Send You Off
As you can see, BullMarketz.com is a complete resource to everything related to trading and especially derivatives trading, CFDs, and forex. And as if this was not enough, we have just created another financial guide which partly covers trading but also many other topics: FinanceRaters.com.
Here beginners can learn the basics of trading and experienced traders can take their skills to the next level.
Moreover, a big part of the site has been dedicated to unbiased and comprehensive broker reviews so that you can easily find a broker that suits your specific needs.
It doesn’t matter if you want to trade forex, crypto or stocks, or whether you prefer mobile trading over desktop platforms - we have a broker for everyone.
And with all that being said, we can only wish you the best of luck in your trading!