FX & CFDs Overview Currency + Commodity Trading

“Questrade is the only Canadian owned discount brokerage independent of all big banks, with the same protection assurance. That’s perfect.” Intelligent, lower fee portfolios designed by experts to help you achieve your financial goals faster. All websites and web-based platforms are tested using the latest version of the Google Chrome browser.

• If you live on the east coast of Canada, it might be easier to trade the active times on European markets, while on the west coast it might be easier to trade the Asian markets.
• This type of stop order is actually designed to protect the unrealized profit of an open position.
• Trade derivatives on global stocks, currencies, commodities and more with Questrade.
• The risk capital limit may be revised at the request of the trader and at the discretion of Questrade based on changes in your financial condition.
• Trading in derivatives involves substantial risk of loss and is not suitable for all investors.
• Sometimes market conditions undergo changes that can nullify some of your strategies that have worked in the past.

He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages.

Technical analysis

Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms. Questrade offers a user-friendly Questrade Global trading platform to start your journey in FX and CFD trading. The Metatrader 4 platform offer all tools for automated trading strategies via the MetaQuotes Language 4 (MQL4) or you can create your own Automated Trading System using MQL4. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.

Fast, easy access to global markets

CMC Markets’ Next Generation platform offers a robust, customizable trading experience. Traders have access to nearly 12,000 tradeable instruments, including 158 forex pairs and a variety of CFDs. The platform boasts advanced features such as 80+ technical indicators, 40 drawing tools, and Breakout and Emerging Patterns tools, catering to both novice and advanced traders. Mobile users benefit from a best-in-class app that mirrors the desktop platform, featuring integrated research tools, an economic calendar with notifications, and seamless watchlist syncing.

“Good platform with regard to the interface, customer service, policies, better than the competition.” “The platform is very easy to use-I could have figured it out but it was a nice and easy way to just get information for busy people like myself.” You can go beyond the average and trade multi-leg option strategy orders.

Administrative fees

One interesting factor of FX trading is that the time you are available (and the time zone in which you live) can influence the product and markets you might want to trade in. If you live on the east coast of Canada, it might be easier to trade the active times on European markets, while on the west coast it might be easier to trade the Asian markets. As part of any strategy, you will need to decide how much time you can allocate to trading and monitoring the markets. FX and CFDs are sophisticated trading products, and their pricing is influenced by a host of factors that might not be obvious to a novice trader, and sometimes aren’t even obvious to advanced ones. Risk capital is the amount of funds that you could afford to risk without a significant impact on your financial and overall well-being if those funds were to be lost.

Trade smarter with built-in tools and features

For mobile trading, Schwab provides the thinkorswim mobile app, offering access to forex trading alongside other asset classes. The app provides a similar experience to the desktop, albeit with fewer features, yet still comes with powerful charting tools, including tick charts, and watchlist synchronization. With its focus on equities, Schwab’s forex spreads are not its best feature, averaging 1.35 pips for the EUR/USD (based on our most recent data). IG’s trading platform suite for web and mobile delivers a comprehensive and powerful experience, making it an excellent choice for forex traders of all skill levels. The web platform is highly customizable, featuring advanced charting tools with 33 indicators and the ability to trade from charts, including via integrated trading signals. Questrade is a Canadian broker offering the ability to trade currencies on forex, CFDs, Canadian and US stocks, options and mutual funds on several manual or automated trading platforms.

• Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries.
• Saxo’s ultra-modern platform suite combines intuitive design with functional organization, creating a compelling trading platform suite that grants access to a vast selection of nearly 70,000 instruments.
• On the Metatrader 4 trading platform spreads are considerably higher on the EUR/USD forex trading pair, with an average spreads of 1.7 pips over the same period.
• Basically, you work to minimize potential losses while trying to maximize your potential profits.
• You can go beyond the average and trade multi-leg option strategy orders.
• A spread is the difference between the bid (price someone is willing to buy at) and the ask (price someone is willing to sell at).

FX and CFDs Overview

There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. The Questrade Global trading platform combines proven technology from the developer with a white-labeled version of Saxo’s platform suite questrade fx to deliver a great package for traders and investors. Traders gain access to hundreds of CFDs and over one hundred forex pairs, and stock market traders are able to use Questrade’s two proprietary trading platforms. These features make TWS ideal for executing sophisticated strategies, though it may feel overwhelming for beginners. Get fast and easy access to global markets on 15+ international exchanges and high leverage with the Questrade proprietary award-winning web-based FX and CFD platform.

In order to simply identify the trading opportunities you want to pursue, you might need to review charts, read up about the markets in other countries, or review economic calendars. A foreign exchange (FX or Forex) contract is an agreement between you and a broker to exchange an amount of money equal to the difference between the opening and closing price of an FX position. Easily place stock and option trades in real time, access investment details, withdraw or transfer between Questrade accounts, and manage your account all in one award-winning brokerage app1. Trading in derivatives involves substantial risk of loss and is not suitable for all investors. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.