Have you ever thought about earning additional revenues through cryptocurrency trading?
Cryptocurrencies have been present for a while, but their acceptance has been slow. Trading cryptocurrencies is profitable as well as very lucrative.
CFD Trader is a clever trading software that supposedly provides consumers access to the world’s best brokers to trade CFDs automatically.
The trading software allegedly has a high win rate that elite traders cannot accord even.
|Trading Platform||CFD Trader|
|Rating out of 5||no mobile app|
|Trading software||MetaTrader4 (MT4) and MetaTrader5 (MT5)|
|Ease of navigation||Easy|
In this article, we focus on trading using the CFD Trader. To learn the fundamentals of CFD, stick with us till the end!
What Is CFD Trader?
CFD stands for contract for difference. It is an agreement between investor and broker.
At the end of this contract, the investor and the investment bank exchange the difference in the opening and closing value of the particular financial instrument.
CFD Trader is an automatic trading software created by Lenny Hyde, a skilled investor on Wall Street.
The innovative software depends on trading algorithms intended to scan the cryptocurrency market and identify trading signals.
The robot can study market news and evaluate trading charts using fundamental and technical analysis.
The automated system can also complete the orders using the high-frequency trading system.
It allows the robot to place thousands of orders instantaneously in the market. Amongst other things, the robot has a claimed accuracy level of 99.8%.
Therefore, the robot asserts that it can generate steady profits for those who capitalize on the platform.
Unlike other trading robots, CFD Trader offers an extensive range of digital coins, including some of the most exciting altcoins.
How To Use CFD Trader?
Step 1: Registration
You have to create a free trading account by entering your personal information. Fill out the registration form. You will give your first and last name, phone number, email address, etc.
Press the “Get Started Now” button to start the process. After finishing this phase, you will be redirected to a synchronized broker in your country.
The robot broker has the power to admit deposits, give a leverage ratio, and complete orders in the cryptocurrency market on the customer’s behalf.
Step 2: Make a deposit.
In this step, you can deposit the bare minimum of $250. The deposit process is swift and only takes a few minutes.
But you may have to submit additional evidence to validate your identity before you can make a deposit.
Credits can be made using various methods, including Neteller, Skrill, debit and credit cards, Trustly, and Rapid Transfer.
Step 3: Demo Trading
The demo-trading tool was a big hit among users. It simulates the live trading feature and lets you train without real money.
Although the demo-trading feature is optional, it is highly recommended. To provide you with mock trades and alerts, CFD Trader uses historical data.
Step 4: Trade for Real
Like demo trading, opening and closing trading sessions on a live account while making a profit is necessary for success.
All other things, including research and execution, are controlled by the CFD Trader system.
Daily put some effort in monitoring your account for at least 20 minutes and certify that the trading session is stopped at the end of the trading day. Most importantly, make sure that you withdraw your profit.
Why Choose CFD Trader?
A few reasons to choose CFD trader are:
Regular profits – The robot proclaims that it can constantly create good profits for its consumers on its website.
CFD Trader has an assumed success rate of 99.98 percent, which promises consumers average returns of between $500 – $1,000 per day.
Nonetheless, it is vital to note that trading cryptocurrencies is risky, and you should invest what you can afford to lose.
Testimonials by users – The popular reviews online state that CFD Trader is a reliable and legitimate auto trader.
The platform also shows its consumers’ testimonials on the CFD Trader official website.
Fast and efficient withdrawal procedure –CFD Trader does not have any limitations in withdrawing assets. The robot enables instant withdrawals, and there are no hidden fees.
Professional customer service – The robot has aligned with genuine brokers, ensuring customers can get help from the trading software and broker.
Fees Of CFD Trader
CFD Traders understand that hidden costs can be tremendously frustrating. There are many platforms with concealed fees, and they don’t want to be another.
For this reason, the developers of CFD Trader have chosen to work with complete transparency.
It means CFD Trader doesn’t incorporate any hidden costs into its platform.
Features Of CFD
Demo Account: Demo account reduces the risk of losing money because of lack of practice and exposure.
Easy to Use Interface: CFD features a user-friendly design that is easy to absorb and use, making it an outstanding choice for beginners.
Multiple Payment Options: Multiple deposit methods available to users include debit and credit cards, along with Neteller, ecoPayz, Skrill, and a range of additional options.
Withdrawals: This Trader, unlike other cryptocurrency traders, does not cause any trouble, and you can withdraw your money within 24 hours.
Verification System: CFD Trader has a simple verification mechanism; it doesn’t ask for complicated documents; instead, it focuses on personal details to ensure the system’s security.
Types Of Trading Available At CFD Trader
Commodities: Commodity trading revolves around metal commodities, agricultural commodities, energy commodities, and many more.
While trading commodities, you’re primarily going to be trading with gold, oil, as well as other agricultural products.
This specific type of trading has been around for several years and concentrates on the primary economic sector.
Cryptocurrencies: Cryptocurrencies are a modern addition to the trading world. They can be labeled as digital assets that aren’t tangible.
They don’t exist in a tangible form. Moreover, cryptocurrencies may be effortlessly transferred and obtained from any place globally.
Currencies: Currencies are a form of traditional assets. These assets include USD, EUR, CAD, and GBP.
What differentiates CFD Trader from others?
Here are the facts that differentiate CFD Trader from others:
- It would provide you with guidance on profits and loss before you make an investment
- You get a variety of underlying assets in CFDs such as shares, foreign exchange, etc
- You get to learn about the trading market here
Our experience with CFD Trader
Overall my experience with the CFD trading app was pretty good. The only thing that bothered me, and I sometimes get frustrated using it, is its speed.
Its user interface is good and easy to understand, but its speed is not that great.
Or should it say that it is such a slow app that sometimes I have to close it and open it again? Other than speed, everything is fine about this trading platform app.
CFD Trader Comparison
Let’s compare CFD Trader with other similar services:
CFD Trader vs. Stock
You get to speculate the market value when you work on the CFD trader platform without owning any assets.
At the same time, stock trading is completely opposite to this. When you make stock trading, then you first become the owner of the stock.
You don’t get any advance information about education about whether you are going to make a profit or face loss later.
CFD Trader vs. futures
You get to trade CFD directly to brokers while using a CFD trader. On the contrary, when it comes to futures trading, you trade on an exchange.
The main difference between CDF traders and futures lies in financing and liquidity.
CFD Trader vs options
At the CFD Trader platform, you agree to exchange the variation in the price of a specific asset between the time frame of you being opening and closing your position on this platform.
While doing options trading, you will be buying and selling the right to trade your asset at a fixed price.
The robot has offered users a couple of support channels, including live chat, submitting a ticket form, phone, and email.
It is worth citing that consumers who have used the trading software report having an encouraging trading experience with Crypto CFD Trader and established that the robot’s customer support team was approachable and helpful.
There are many positive reviews available on their platform.
“It is a great app for beginners, I was not thinking that it could yield profit so quickly, but it is amazing.”
“Finally, an app that doesn’t make a withdrawal a difficult process.”
CFD Trader appears to be valid and can be trustworthy. Its high claimed profitability is remarkable, and the reviews online persuade that this Trader has succeeded in developing a secure trading platform.
We advocate that you consider the risk factors involved in trading robots and initiate a deposit of $250.
Frequently Asked Questions
Can someone use the CFD trader without having prior trading experience?
Yes, you can use the trading software without any prior experience. Every feature is carefully explained, keeping in mind the knowledge level of new traders.
Is there any cost involved to start using CFD trader?
You are not required to pay for any trading software or using a platform. All you need is the amount you will invest, and that is your money.
Shefali Jain is a Content Editor & Writer at National Planning Cycles.
After completing her graduation in hospitality, Shefali decided to follow her passion and started writing. Shefali has been writing for two years now and contributes to our website as a skilled editor and content writer with strong research skills. Writing product and service reviews, biographies, and book reviews are some of her key areas, among many others in which she specializes.