CFDs (Contracts for Difference) is a simple and highly effective form of online investment. It is used to speculate on the future movement of market prices regardless if they are rising or falling. Trading CFDs allows you to build a diverse portfolio of more than 1,000 underlying assets, such as forex, stocks, commodities and indices.
The MegaTradeFX platform allows you to open and close a CFD position whenever the markets are open. If you believe that an asset’s price is about to rise, you open a “Buy” position. If you think that an asset’s price is about to fall, you open a “Sell” position. The entire process takes less than a minute and you can constantly monitor your trading progress at any given time.
Opening and closing CFD positions on the trading platform is quite simple. To open a position, please follow these steps:
If you wish to close a position, please follow these steps:
No. There is no need for any previous experience in order to start trading CFDs.
We provide up to 200:1 leverage on major indices assets.
An entry order is an automatic instruction to open a position when the market price reaches a certain level. It is used when you expect an underlying asset to get to a certain price, but don’t have the time to constantly monitor the market.
You can open an entry order position by simply logging into your account and selecting the “Entry order” option right next to “Trade” on the MegaTradeFX platform.