Home/Before you start
Checklist
Eight points worth answering honestly. Hesitating on any of them is a reason to stay in demo mode a while longer.
Important: 80% of retail investor accounts lose money when trading CFDs with this provider.
Go through these honestly. Hesitating on any of them is a signal to go back to demo mode — not to press on.
A CFD is a contract derived from a price. No ownership or voting rights arise.
I know what exposure I create and at what market move I lose my deposited capital.
Spread, overnight funding, currency conversion and any inactivity fee.
And I know it may not execute at exactly the requested level during sharp moves.
A specific amount or percentage of capital I am willing to lose on a single position.
Not rent money, not borrowed money, not savings. An amount whose total loss would not change my life.
And I meet the other regulatory conditions for opening an account.
And I am not assuming by default that I will be the exception.
The following lines of thinking tend to precede trouble. If you recognise yourself in any of them, it is worth stepping back.
“I’ll make that loss back with one bigger trade” · “This time it will definitely work” · “I need to make money from this for…” · “I’ll borrow and repay it from the profit” · “Stop-losses just close my positions for nothing”
Leveraged trading is not a suitable tool for resolving a financial situation or raising money quickly. Statistically, most retail accounts record a loss.
If trading turns into pressure, compulsion, or a way of dealing with a loss, that is a warning sign. The right step is to stop and, if needed, seek professional support. National gambling and addiction helplines can also advise on trading-related compulsion.
This site gives basic orientation. For deeper understanding, independent sources are worth reaching for:
Consumer information on investment services, warnings about fraudulent offers and registers of authorised firms.
The European Securities and Markets Authority publishes material on CFD risks and retail investor protection measures.
Key information documents and terms of business contain the specific rates, limits and conditions for each instrument.
Risk warningCFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.