At Conotoxia, we are creating the Trading Universe for all the investors and traders who appreciate an incredible variety of assets and tools like a free subscription to weekly Market Insights. If you need some guidance on where to begin, start here.
Trading on CFDs is provided by Conotoxia Ltd. (CySEC no.336/17), which has the right to use the Conotoxia trademark. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
What are CFDs and how to trade on them?
CFD stands for a Contract for price Difference. The essence of trading on this type of instrument is to have an option to follow the price whenever it goes, up or down.
The main peculiarity of CFDs is the ability not only to buy assets as classic investors do but also to initially sell them without ownership. When you open a position to Buy stocks, you do not obtain the rights of a shareholder, as well as when opening a trade to Sell gold, you will not have an obligation to physically send gold bars to anyone in the world.
Conotoxia Ltd. provides you with 5000+ CFDs to choose from. They are split by 10 asset classes: Currencies, Energies and Metals (Commodities), Futures, Indices, Stocks, ETFs, Stocks with Direct Market Access (DMA), ETFs DMA, and Cryptocurrencies.
What is the trading leverage?
This is an option for you to borrow a certain amount of money from a broker for the duration of your trade. For example, 1:30 means that on each 1 dollar from your side a broker will add 30 dollars to open a trade with a greater volume. This requires a certain amount of collateral on your trading balance: free funds, which are called Margin. They are frozen for the duration of the position and become available again when the trade is completely closed.
At Conotoxia Ltd., you can choose your preferable trading leverage according to your experience and client’s category: Retail, Experienced, and Professional.Start your journey in the financial markets with a free demo account right now!