75% of retail investor accounts lose money when trading CFDs with this provider.
CFI Markets is a forex trading services broker. They give traders access to a wide variety of instruments in several markets like currencies, indices and commodities.
To open a live account, you’ll need a minimum deposit of at least $100. Alternatively, CFI Markets offers a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by the Financial Conduct Authority, UK (FRN: 602588), and CySEC (Licence: 179/12). CFI Markets puts all client funds in a segregated bank account and uses tier-1 banks for this. CFI Markets has been established since 2012, and have a head office in Cyprus.
Before we dive into some of the more detailed aspects of CFI Markets’s spreads, fees, platforms and trading features, you may want to open CFI Markets’s website in a new tab by clicking the button below in order to see the latest information directly from CFI Markets.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
75% of retail investor accounts lose money when trading CFDs with this provider.
Like most brokers, CFI Markets takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
The commisions and spreads displayed below are based on the minimum spreads listed on CFI Markets’s website. The colour bars show how competitive CFI Markets's spreads are in comparison to other popular brokers featured on BrokerNotes.
Spreads are dynamic and are for informational purposes only.
As you can see, CFI Markets’s minimum spread for trading EUR/USD is pips - which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with CFI Markets vs. similar brokers.
See all SpreadsIf you were to buy one standard lot of EUR/USD (100k units) with CFI Markets at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $0. Here’s a rough breakdown of the fees and how this compares against XTB & AvaTrade .
| CFI Markets | XTB | AvaTrade | |
|---|---|---|---|
| Spread from: | $ 0.00 | $ 2.00 | $ 7.00 |
| Commission: | $0.00 | $0.00 | $0.00 |
| Total cost of a 100k trade: | $ 0.00 | $ 2.00 | $ 7.00 |
| $2 more | $7 more | ||
| Visit CFI Markets | Visit XTB | Visit AvaTrade |
All fees/prices are for informational purposes and are subject to change.
CFI Markets offers over 37 different instruments to trade, including over 27 currency pairs. We’ve summarised all of the different types of instruments offered by CFI Markets below, along with the instruments offered by XTB and AvaTrade for comparison.
| FX / Currency CFDs | CFI Markets | XTB | AvaTrade |
|---|---|---|---|
| # of forex pairs offered | 27 | 48 | 59 |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes |
| Cryptocurrencies | No | Yes | Yes |
| Commodity CFDs | CFI Markets | XTB | AvaTrade |
|---|---|---|---|
| # of commodities offered | 0 | 21 | 16 |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | No | Yes | Yes |
| Index & Stock CFDs | CFI Markets | XTB | AvaTrade |
|---|---|---|---|
| # of stocks offered | 0 | 1606 | 99 |
| UK shares | No | Yes | Yes |
| US shares | No | Yes | Yes |
| German shares | No | Yes | Yes |
| Japanese shares | Yes | Yes | Yes |
| See CFI Markets's Instruments | See XTB's Instruments | See AvaTrade's Instruments |
CFI Markets offers the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.
CFI Markets also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.
See CFI Markets's platforms
CFI Markets allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As CFI Markets offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.
As a market maker, CFI Markets may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that CFI Markets offers its traders below.
CFI Markets support a limited number including English.
CFI Markets has a BrokerNotes double AA support rating because CFI Markets offer live chat, phone, email support and less than three languages.
As CFI Markets is regulated by Financial Conduct Autority, CySEC, BaFIN , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore CFI Markets’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with CFI Markets you can visit their website here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.cfimarkets.com/ on 01/09/2020.
