Recommend CFD and/or Futures Broker

Hi guys,

I specialise in trading fx and currently trade ag commodity CFDs with a Aussie broker. I don't really rate their platform and am after something resembling MT4.

Just wondering what broker you use for CFDs or Futures? and what do you see as the pros and cons?

Thanks in advance.

Im also looking for a CFDs broker who shd be better in all aspects..

CFDS and Futures are completely different.


Yes, although CFDs mimic the front month usually futures contract, there usually is not much other choice.

Also, you are still trading on a closed - especially if you are looking for an MT4 shop they will most likely be a market maker and taking the other side of your trade - market

All retail FX trades really have very, very, very little impact if any on the real Interbank FOReign EXchange, likewise if it is anyone who is accessing the real market it is your broker to offset bulk positions taken by their customers.


If you trade futures through a decent broker you are trading on an actual exchange and the amounts of metals, say gold may be higher than what you would do with a CFD broker. ie: the GC Regular Gold contract is a minimum of 100 ozs.

Leverage also works differently, here I could be wrong but I don't know of any futures broker that would offer 200:1 leverage... Again correct that if wrong anyone.

There are pros and cons of both.

Before going into further detail I think you really need to decide,
Do you want to trade on exchange, and have to have a much larger account to do so?

Or do you want to trade CFDs via a market maker? At a too high leverage which are very risky.

And why do you want to trade on MT4 out of curiosity?

Also ask yourself, WHAT commodities or stocks are you looking to trade?

If it is stocks there are a lot of platforms out there that are better than trading MT4, plus with a stock brokerage account you will have access to individual stocks whereas a CFD broker will usually offer again front month DOW or SandP contracts.

What does " I don't really rate their platform" mean/?