How to Select the Best CFD Trading Platform in India?

If you want to start trading in India, especially in Contracts for Difference (CFD), you must choose the right platform. There are so many platforms available on the internet that are considered top CFD brokers. But how do you pick the best trading platform in India for you? 

Don’t worry, this guide will help you understand what to look for and how to choose the best one for your needs.

CFD Trading & the Need for Choosing the Best Platform

CFD Trading allows you to profit from changes in the price of different entities, such as stocks, commodities, or even cryptocurrencies, without actually owning them. 

• In each CFD trade, you and the CFD platform agree to exchange the difference in price from when you were at the beginning of the trade to when you ended after the trade. 
• These platforms allow you to earn huge profits from fluctuations in the trade market. 
• Your choice of assets is determined by the asset availability on the platform. 
• How you trade is determined by the features available on the platform. 
• How much you profit is determined by the limitations of the platform. 
• It is a trading platform that connects you to the monetary markets and gives you all the tools needed to trade effectively. 

Hence, without the right platform, it is highly impossible to carry out the right trade. 

How to Select the Best CFD Trading Platform in India?

The trading platforms help traders execute trades, analyze market charts, and responsibly manage their investment portfolios with ease. 

When selecting the best CFD trading platform, some essential features must be considered. Go through these top 10 parameters to note, while choosing the right trading platform in India. 

1. Real-time price feeds

This is a must. Real-time data helps monitor how assets are being moved, so that you may be in a better position to make informed decisions.

2. Leverage 

Leverage will definitely beginners to kickstart with a limited budget and professionals to maximize profits. 

3. Customer support

When questions or issues arise, responsive support can truly make a difference in your trading journey.

4. Variety of Assets to Trade

The best trading platform in India should allow you to trade a wide range of assets, such as stocks, forex, commodities, indices, and even cryptocurrencies. This gives you more opportunities to make trades and potentially earn profits.

5. Mobile App Availability

In today’s world, many traders prefer to trade on their phones. If you like to trade on the go, make sure the platform has a mobile app.

6. Reviews and Ratings

Before choosing a platform, it’s always a good idea to read reviews and ratings from other traders. Look for feedback from people who have already used the platform. See if the platform is ranking for CFD-related words on Google. This can give you a better idea of what to expect. 

7. Availability of Demo Account

This is perfect if you are a beginner and want to learn CFD trading. The top trading platforms in India provide demo accounts so you can practice, learn, and become more confident before trading with real money.

8. Regulation

A regulated platform follows certain rules to protect traders. In India, platforms that are regulated by the Securities and Exchange Board of India (SEBI) are considered more reliable. Always make sure the platform you choose is regulated, as this adds an extra layer of trust.

9. No Brokerage

Commission or brokerage always comes as an expense. Even after selecting the right stock at the right time and making profits, you will be unnecessarily paying a huge amount of charges. If there is a platform, that provides less brokerage or no brokerage, that’s the platform to go. 

10. Trading Tools

Having risk management tools like limit order/sell order or other similar options, is a plus. Look for such options to avoid any hassles during your trading journey. 

These 10 parameters will definitely help you find the right CFD trading site in India. Along with this, Traders need robust security so that the funds and information cannot be accessed by third parties due to strong encryption. Many platform come with the highest level of security, so you can start with checking these parameters. 

If you want to start right away, let’s start with MintCFD. A platform where all these 10 parameters are covered. It checks all the boxes for the right reasons.