Have you ever wondered what is CFD trading?
If your answer is yes, continue reading and learn which binary broker enables South African traders an opportunity to trade with CFD.
Recently, one of the most popular binary options brokers on the market, Opteck, decided to extend their trading offer to a new way of online investments, so called CFDs.
Let us introduce you to what CFD stands for. In financial terminology, CFD is described as Contract for Difference.
CFD is a financial instrument used by two parties to exchange the difference between opening and closing price of a particular contract.
CFD Trading South Africa
When trading on Opteck platform, South African traders can deposit amount lower that contract size that shows how a contract is leveraged.
This however, enables traders to have an opportunity to maximize profit and boost their income.
What we find to be excellent is the fact Opteck does not charge any fees but instead, it works based on low cost spread for each type of underlying asset. It is even possible to boost investment 200x with Opteck funds.
Opteck Trading Simulator can be pretty handy for South African traders, especially those who are beginners. It enables them to test it before actual investment.
What traders might not know is that trading CFDs with Opteck is fun and easy, suitable for all levels of traders’ knowledge.
Why Trade with Opteck Broker?
Online since 2011, Opteck comes as one of the most popular and significant names in the industry. Their platform is simple to use and adjusted for both beginners and traders experts.
With over 1000 assets to choose from, Opteck seems as an excellent option to trade CFD with. They enable traders in South Africa to have multiple positions simultaneously and master this new option to trade on financial markets.