FXOpen: CFD trading for the experts
Advantages of CFD trading with FXOpen
One platform with multiple instruments and markets
You can use one CFD trading app and one account for commodities, shares, indices, forex, and cryptocurrency*.
You're trading with an FCA regulated broker
based in the UK. Your funds are fully protected up to £85,000 by the Financial Services Compensation Scheme (FSCS).
to your style and strategies, giving you total control of your CFD trading in the UAE.
Access to automated trading
You can choose to download and use ready-made scripts and expert advisors or create a custom indicator or script, based on your very own CFD trading strategy.
Access anytime, anywhere
via the desktop, web-based or mobile version of the MT4 CFD trading software. The web-based version is particularly useful for Apple Mac users, where a direct download is not available.
Access to a wide range of analysis
50+ built-in indicators and graphic tools for technical analysis, quotes history centre, strategy tester and news, all designed to help you enhance your experience of CFD trading in the UAE.
What is CFD trading?
CFD trading is executed on margin. This means traders are only required to put up a percentage of the position’s value rather than its entire worth.
If a trader thinks an asset is set to increase in value, they will open a buy position. If their prediction proves accurate, they can choose to close the contract and make a profit. By contrast, if the asset’s market price falls below what they paid, they need to make a decision on whether to close the contract and take their losses or hold and see if the value recovers over time.
The same concept works in reverse. So, if a trader believes an asset’s price will fall, they can open a sell position. If the market trends as they forecast it would, they’ll stand to make a profit. But if their expectations are confounded and the asset’s value rises, they will suffer a loss.
Which instruments can you access with CFD trading in the UAE?
The risks and rewards of CFD trading
CFD trading offers opportunities for reward but it also brings a certain amount of risk. Because it is done on margin, professional clients could stand to lose more than the initial capital they put up to take a position. Retail clients, meanwhile, benefit from our negative balance protection.
Being alive to other determining factors such as fluctuations in supply and demand or geopolitical and economic issues will also help you understand the risks of CFD trading. You can use that information to create strategies that will help to safeguard against those risks.
CFD trading with FXOpen
All you need to do to get started is fill out our simple registration form and verify your ID. Your online CFD trading journey starts here, so why not contact us today or open an account.
What factors can affect CFD trading?
In most markets, prices will move up and down based on supply and demand. Because CFD trading can be used to execute trades across a wide range of instruments, there are several factors that can impact prices and the potential for you to make a profit or a loss.
Economic and geopolitical issues can affect productivity levels and supply chains, as can government legislation. Understanding those determining factors and keeping abreast of such developments will help you decide on a strategy for CFD trading in the UAE.
How does an online CFD trading platform work?
Our most popular online CFD trading platform works on an ECN model, where there is no dealing desk and trades are always executed at the best possible price. With an ECN account, you will be charged a small commission on their trades. We also offer STP accounts, where your commission is already built into the spread to keep pricing simple.
Our CFD trading software enables you to trade a number of instruments including forex, shares, commodities, indices and cryptocurrencies*. There is a minimum deposit of £300, $300 or €300 and demo accounts are available to allow you to get a feel for CFD trading in the UAE.
How to define success in CFD trading
CFD trading is complex and comes with a high risk of losing money due to leverage. Most successful traders are experienced veterans who have honed their skills over years of operating in familiar markets.
Being new to CFD trading in the UAE doesn’t mean you won’t be a success. The most important thing is to have a clear idea of what constitutes success for you – and how you plan to achieve it. You need to remove any emotion from your processes and make calculated decisions based on your extensive analysis and research.
If you manage your expectations and build a strategy that provides protection against any losses that you may incur, you too can find a formula for how to trade CFDs successfully.
*Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients.