Frequently Asked Questions

Short answers to the questions readers send us most often. For anything more specific to your situation, please speak with an independent financial adviser.

What is a CFD?

A Contract for Difference is an agreement to exchange the difference in the price of an asset between the time the contract opens and closes. You never own the underlying asset — you only take a position on whether its price will go up or down. CFDs are leveraged products and risky; the majority of retail accounts lose money.

Do I need experience to start trading?

No, but it helps. Most of the brokers we cover offer a free demo account funded with virtual money. Use it for a few weeks before risking your own capital — you will learn the platform, test strategies and get a feel for how fast markets can move.

How much money do I need to open an account?

Minimum deposits vary. In our current listing they range from about $20 to $100. A small deposit is enough to learn the platform, but serious traders generally fund enough to let position sizing and risk management work properly.

Are the brokers on this site regulated?

Yes. Every broker we list is authorised by at least one recognised regulator — examples include the UK's FCA, Cyprus's CySEC, Australia's ASIC, and the Central Bank of Ireland. Regulation does not remove risk, but it does mean the broker is held to standards around client-fund segregation, disclosure and conduct.

Can I lose more than I deposit?

With most regulated brokers, no — retail clients are protected by negative-balance protection, so your losses cannot exceed the balance in the account. Check the specific broker's terms to confirm.

How does Mtxplus make money?

We earn a commission when a reader opens an account with one of the brokers featured on the site. Compensation may influence how brokers are ordered, but it does not change the underlying review. Full details are in the footer of every page.

How do you choose the brokers you list?

We look at regulation, platform quality, asset coverage, fees, execution speed and reputation. Platforms that fail basic checks — poor licensing, a pattern of complaints, opaque fee structures — are not listed at all.