They claim to have some of the tightest spreads, lowest margins and fastest execution available in the market for trading CFDs with their award winning browser-based trading software. It provides free charting, news, and analytics. And users can access 24 hour customer support via chat, phone or email.
The easiest way to compare stock trading programs is to take them for a test drive. So it's nice to be able to sign up for a demo trading account in a few seconds with minimal information. The email with my demo account login and password hadn't arrived after an hour, so there is probably some human vetting of demo account requests involved. I requested a demo account with the minimum $10,000 balance, as that is similar to the amount (A$5,000) I trade for real. "Paper trading" is a good way to get used to the tools and practice implementing your trading plan (eg. stop and limit settings, trade size compared to total margin), but it's not the same a trading money for real. By using a demo account balance close to reality you can get a better impression of the potential gains and losses you may experience during trading CFDs. If nothing else it's good fun to experiment with CFD trading strategies using a demo account - when my demo account email arrives I think I'll let DS1 have a play with the account and learn about charting, calculating profits, and the various trading markets.
Subscribe to Enough Wealth. Copyright 2006-2008