A CFD broker is a company that facilitates the trading of contracts for difference (CFDs). CFDs are a type of derivative that allows traders to speculate on the future price movement of an underlying asset without actually owning it. CFD brokers offer a variety of features and services to their clients, including:

• Trading platforms: CFD brokers provide their clients with access to trading platforms that allow them to buy and sell CFDs. These platforms typically offer a variety of features, such as charting tools, order types, and market analysis.
• Leverage: CFD brokers offer leverage, which allows traders to control a larger position with a smaller amount of capital. This can magnify profits, but it can also magnify losses.
• Research and education: CFD brokers provide their clients with research and education materials to help them make informed trading decisions. This may include market analysis, economic data, and trading tutorials.
• Customer support: CFD brokers offer customer support to their clients to answer questions and help them with their trading. This support may be available by phone, email, or live chat.

About the Broker

24Markets.com is an online CFD provider, offering a regulated ecosystem where traders from all around the world can buy and sell a broad range of assets. Users from some countries, like the USA and some EU members, are not allowed to sign up due to local regulations. If you are eligible for an account, though, you should know more about what this broker has to offer.

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Upon registering for a live account, you engage with a regulated brokerage, and this is very important to note. A regulated investment firm with FSCA license no. 50640 is the owner of 24markets.com. This means your funds are segregated, and all services offered are professional and transparent.

Trading 2,000+ CFDs

This broker stands out, in our opinion, in terms of the number of assets and asset classes you have access to from a single account. Right now, you have access to more than 2,000 CFDs based on:

• Stocks
• Indices
• Commodities
• Forex
• Crypto

This list includes a broad diversity of global stocks, tens of currency pairs, and 20+ cryptos (Bitcoin, Ethereum, Litecoin, Dash, Ripple, Cardano, etc.). The maximum leverage you can use with 24markets.com is 1:300, but be aware that the figure applies only to highly liquid instruments like major FX pairs.

WebTrader, a proprietary platform, and MetaTrader 5, a well-liked MetaQuotes product, are both used for trading. These two platforms are both multi-device-compatible and carry many trading tools.

If you go for the WebTrader, no installation is required, and you have access to the entire asset list. MT5, on the other hand, needs to be installed on your devices, and you can only trade 350+ CFDs in this case.

Account Types

You have a choice between 4 classic accounts (Discovery, Gold, Platinum, and Exclusive VIP) and 2 ECN accounts (Classic ECN and PRO ECN). What especially sparked our attention was the low $100 deposit requirement for a Discovery account. This is a very affordable figure.

Even if you decide to go for this small account, you are still entitled to receive a daily analysis, access to the Events Trade function, and 24-hour customer service. Signing up for a larger account comes with added value in the form of Trading Central, support from a dedicated account manager, premium analysis, and tighter spreads. With ECN accounts, spreads are even lower, but you should be aware that there are trading commissions attached.

Education

The first question that most traders ask themselves before they begin to explore the markets is, "What are CFDs, and how can I take advantage of them?”. Well, 24markets.com is not only here to let you search for opportunities in the market but also to learn about them. When you sign up, you have access to a comprehensive list of educational content and market analysis tools.

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Starting with the Gold account, all clients also have access to a dedicated account manager with personalized support around the clock. Trading Central should also be of great help. This third-party tool provides insights into popular instruments, including currencies, commodities, indices, and others.

Conclusion

Opening an account with 24markets.com can be a good choice for you, and it seems like it doesn’t only promise superb trading conditions but also delivers. You are backed by a regulated broker that operates based on transparency and professionalism. You won’t lack assets to trade because the list includes 2,000+ CFDs. They’ve also done a good job with the WebTrader platform, a user-friendly and feature-rich solution.