Registering with an broker - instructions.

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You probably want to get started. First, of course, you need to decide which CFD broker best suits your needs. Since there are many brokers to choose from, it is always advisable to do your own research before making a full commitment.

First Step - Find an Broker

Still not sure which broker suits your needs? Don't worry, our expert team at mt4 has compiled a list of the best brokers to help you separate the wheat from the chaff. You can find this at the end of this guide!

Step two - Open an account

Open a trading account by filling out the registration form with your basic information. This is standard with any broker. 

  •     Full name
  •     Home address
  •     Date of birth
  •     Contact information such as email and phone number
  •     Enter required financial information or trading history (this varies between different platforms).

Step three - Identification

Now you need to submit your proof of identity. Again, this will vary, but generally you will only need to send a copy of your passport or ID card. Some CFD brokers may require additional proof of who you are. B. a utility bill, phone bill, or other official letter with your name and home address.

Step four - Confirmation

Your identity and personal information will be verified according to regulations. Usually you will get this confirmed almost immediately. If you think it is taking too long, there is nothing stopping you from contacting the CFD broker's customer service team and they will be happy to track down the delay for you.

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Fifth Step - Deposit Funds Start Trading

Now you should be able to log into your account, set up your preferred payment option and deposit funds. Once your account is funded, you can start trading immediately. As a side benefit, it's worth checking if an CFD demo account is available for you to find your feet.

Conclusion

Thanks to excellent trade execution and trading conditions, we believe that an CFD broker allows experienced traders to enter positions more fluidly, but more importantly, more profitably.

Cutting out the middleman creates much more clarity. With conflicts of interest eliminated, the best CFD brokers are generally considered a reliable and safe trading method. This is because your CFD broker earns a commission regardless of whether you lose money or make a profit.

Always remember that regulated brokers have to follow strict obligations and rules when it comes to the safety of your trading funds. With this in mind, you know you are in safe hands when your CFD broker is regulated by one or more licensing bodies. For this reason, we will never recommend an unregulated broker on our website.

Before you make a final decision on which type of broker to use, it is important to do some research. No two brokers are the same, and their products and services offered tend to differ slightly.

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