Brokerchooser blog


No time yet? No problem

| Tibor Bedő Tibor Bedő

No time yet to open the brokerage account? No problem. I know the drill, have been there. It took a long time for me too. 

Be proud of yourself, you are already one step ahead of others. You have already chosen a broker, and it is an excellent one. 


Best CFD brokers in 2018 - Go with secure brokers

Best CFD brokers in 2018 - Go with secure brokers
| Gergely Korpos Gergely Korpos

Choose the best CFD broker, we did the research for you. We tested in-depth 16 quality online brokers available for Europeans. We evaluated fees, funding, withdrawal, product portfolios, account opening, trading platforms and more to find the best CFD trading platforms for your needs.

We have created two categories for CFD trading brokers, stockbrokers offering CFDs and CFD-only brokers. The two groups substantially differ in several areas, like fee structure, so it makes sense to create the two peer groups.

Our top eight picks for the best CFD brokers in 2018 are:

Stockbrokers offering CFDs

  Saxo Bank Interactive B. DEGIRO Comdirect
Fee structure ★★★★ ★★★★★ ★★★★★
Funding and withdrawal ★★★★★ ★★ ★★★ ★★★★
CFD product portfolio ★★★★★ ★★★★★ ★★★★ ★★★★
Account opening ★★★ ★★★★ ★★★★ ★★★
Trading platform (web) ★★★★ ★★ ★★★★ ★★★★
Overall rating 4.8 4.5 4.3 4.1

CFD-only brokers

  • IG, one of the biggest CFD brokers in the world
  • Markets.com, a CFD broker with a gambling parent
  • Plus500, a CFD broker listed on the London Stock Exchange section AIM
  • eToro, a social trading platform
  IG Markets.com Plus500 eToro*
Fee structure ★★ ★★★★★ ★★★★ ★★★★
Funding and withdrawal ★★★★★ ★★★★★ ★★★★★ ★★★★
CFD product portfolio ★★★★★ ★★★ ★★★ ★★★
Account opening ★★★ ★★★★★ ★★★★★ ★★★★
Trading platform (web) ★★★★★ ★★★ ★★★★ ★★★
Overall rating 4.1 4.1 4.0 3.9

*Clients from the UK and some other countries can trade with stocks as well

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. If you don't have a clue what a CFD is, start by reading more about CFD trading.

Not sure which one to choose? For a personal broker recommendation, check out Brokerchooser's broker selection tool. You input your preferences and you get a personal recommendation fitting your needs. Just a short FYI for US customers: CFD trading is banned in the US.

Want to see more options? For comparing all the brokers, visit our comparison page.

Visit comparison page


Best trading platform for Europeans in 2018

Best trading platform for Europeans in 2018
| Gergely Korpos Gergely Korpos

Choose the best trading platform, we did the research for you. We tested in-depth 16 quality online brokers available for Europeans. Evaluated fees, made online trading platform comparisons, checked product portfolios, tested account opening, investigated research and much more. Our top five picks for the best trading platform for Europeans in 2018 are:

 

  Saxo Bank Interactive B. Strateo DEGIRO tastyworks
Fee structure ★★★★ ★★★★★ ★★★ ★★★★★ ★★★★★
Online trading platform (web) ★★★★ ★★ ★★★★ ★★★★ ★★★★
Product portfolio ★★★★★ ★★★★★ ★★★★★ ★★★★★ ★★
Account opening ★★★ ★★★★ ★★ ★★★★ ★★★★
Research ★★★★★ ★★★ ★★★★★ ★★
Two-step login
Overall rating 4.8 4.5 4.4 4.3 4.0

 

Not sure which one to choose or if it is available in your country? For a personal broker recommendation, check out Brokerchooser's broker selection tool. Input your preferences and you get a personal recommendation fitting your needs. To check whether an EU broker or an international trading platform is available for you, go for the same selection tool. EU broker does not specifically mean it is only for Europeans.

Want to see more options for the best trading account? Comparing all reviewed brokers, visit the broker comparison section.

 

Visit comparison table


How to invest in Bitcoin, Bitcoin CFDs, Bitcoin ETNs or Bitcoin Futures

How to invest in Bitcoin, Bitcoin CFDs, Bitcoin ETNs or Bitcoin Futures
| Tibor Bedő Tibor Bedő

Did you know crypto exchanges are not the only way to get cryptos? They might not even be the best for you. They can be expensive and unsecure. In this article you will learn about crypto exchange alternatives and get introduced to established and regulated financial providers offering crypto investments.

At the end of the article you will know how to invest in Bitcoin, Bitcoin CFD, Bitcoin ETN or Bitcoin Futures.

How do we know this? We analyse financial institutions and help people to find the best stockbrokers. We understand brokerage and know the financial industry well. In the last months, readers asked us constantly how to invest in Bitcoins and cryptos. We looked into it, and compiled an easy to understand introduction.

As cryptos are extra risky, here is an extra risk warning. Only invest money in cryptos you are prepared to fully lose. Their price fluctuates like crazy. If my mom asked about Bitcoin, I would tell her not to touch it.

Still interested, ok, let’s get to it then. I reckon you want to buy Bitcoin from a cheap and secure source. Right? But what does this mean? Let’s break it down.

Buying Bitcoin means exchanging your Euro or Dollar to Bitcoin.

Cheap means depositing money to the exchange, doing the exchange and withdrawing your money doesn’t cost you a lot.

Secure is also important. When finance guys talk about security they mean:

  • The service provider is not a fraud, because it is
    • regulated, meaning they proved their capability to set up the business and run it.
    • audited, checked by an independent auditor
    • transparent, providing financial data, ownership, etc. to the public
  • The service provider can manage itself, because it has good
    • risk management (they are prepared to deliver when things go south)
    • operation (e.g. accessing the interface, giving orders, etc. work)
    • IT security from external attacks
  • Investors are compensated by the state if the service providers defaults. This is the so called investor protection. Note, you will not get compensated if your investment price drops. You will get compensated if your broker was a fraud or it defaulted.

It turns out, crypto exchanges are bad at both being cheap and secure. So, what are the alternatives? There are three other ways how to invest in Bitcoins, not known by many

  1. Going long in a Bitcoin CFDs, abbreviation for Contract for Differences
  2. Investing in passive funds, namely ETNs covering Bitcoins
  3. Going long on Bitcoin Futures

Let’s analyse them one by one. We will be fair with crypto exchanges and give them a run for their money. And to be fair, the alternatives are not perfect either. What should you do? As a step one, understand the differences. Here we go.


Futures Options Trading - Pros and Cons

Futures Options Trading - Pros and Cons
| Gery Nagy, guest writer Gery Nagy, guest writer

A few years ago, I switched almost entirely to the market of futures options. I used to trade a lot with stock options and ETF options, but today I rarely do that. Let's see why!

But before explaining why I like futures options, it is worth clarifying what futures trading means, as this topic is totally obscure even for many advanced traders.


How to Become a Trader - Guide to Reach the Pros

How to Become a Trader - Guide to Reach the Pros
| Robert Soós Robert Soós

There are a lot of misconceptions about online trading especially in depicting the real job of a pro trader. This time we will show what it takes to become a professional trader, what are the different paths you can experiment with.

 


Best CFD brokers in 2017 - Go with secure brokers

Best CFD brokers in 2017 - Go with secure brokers
| Tibor Bedő Tibor Bedő

2017 has seen a major shift in CFD broker regulations, placing emphasis on user security. We at Brokerchooser have long argued for prioritizing security over price when selecting the best CFD broker.

In our 2017 review, we unveil the best CFD brokers and also provide a CFD broker 101 for investors.