In our previous blog article, we break down “What Is Silver CFD”, but have you mastered “How to Trade Silver CFD? Precious metals, particularly silver, have been unceasingly drawing the attention of investors all over the world for decades who ar ...
There are multiple features to explore in the question of “Where to Buy Silver CFD.” Similar to purchasing products, surveying the market and listing the features you desire are the most primal part. Therefore, it only makes sense when you apply the same concept in selecting where to buy silver CFD.
Silver has always been known as the second -best option when it comes to investments, or as a jewelry piece. And for such matters, silver is easily accessible to cater to its great demand.
In the trading world, silver is classified as a safe-haven investment. Trading or investing in silver allows individuals to hedge against inflation and market risk, especially during market downturns. This itself, justifies silver being labelled as a “safe-haven” asset.
As mentioned above, the silver market is one of the most sought-after markets that opens a huge number of opportunities all year round.
Let us assume that you are either curious or keen on exploring silver trading. If so, you should start trading via contract for difference (CFD).
Trading via CFD is among the most exemplary method to trade silver as its advantages outshines other forms of trading.
As you continue to read on, you will find a guide on where to get started in buying or selling silver CFD. You will also pick up some useful pointers that will help you in your silver trading journey.
Where To Buy Silver CFD – Getting Started On Trading Silver CFD
Getting started is always a real challenge, especially when there are endless options conveniently accessible in the market. As a matter of fact, you will need a reliable broker to work with when trading silver CFD.
If you are familiar with the gist of how trading works, you will understand the importance of not only trading conditions itself but also the trading environment the broker is able to provide. For instance, the broker’s operating license, their handling fees, diversity on products, and also their available technology.
Thus, these are some of the major factors to consider when filtering where to buy silver CFD:
Trade With Regulated Brokers
It is natural for individuals to look into the fees and cost first when it comes to signing up. However, when selecting a broker, you need to prioritize and focus on their license and financial authorities.
It is essential to check whether the broker has registered their company with financial authorities and operating with regulated licenses. This is highly crucial and consequential to the safety and security of your capital.
When trading with a secure, licensed and well-regulated broker, your funds will be protected by isolating your capitals at international banks. This is one of the many safety measures brokers should be obliged by regulation to safeguard client’s capitals.
To abide by the greater principle of practice in the online trading industry, most well-established international brokers would incorporate at least one of these financial regulatory bodies:
UK Financial Conduct Authority (FCA)
US Securities and Exchange Commission (SEC)
Financial Industry Regulatory Authority (FINRA)
European Securities and Markets Authority (ESMA)
Securities and Exchange Surveillance Commission (SESC) of Japan
Mauritius Financial Services Commission (FSC)
Vanuatu Financial Services Commission (VFSC)
Fees & Charges / Withdrawal & Deposit Method
Secondly, you should take the fees and charges into account when selecting which broker to trade with. More often than not, most brokers impose transaction costs or handling fee as it is the nature of running a business. However, that does not imply that these charges should be charged at an unreasonable amount. Thus, this is one of the factors you should pay close attention to as any extra fees would directly impact your financial outcome.
The transaction costs are broken off into three types: spread, commission, and overnight fee.
With that, one silver trading tip is shortlisting a few ideal brokers and comparing their fees and charges. This will help you in selecting the best broker.
Diversified Trading Instruments
There are several silver derivatives accessible for CFD trading, namely, silver spot contracts, silver futures, and silver options.
These trading instruments open a great deal of prospects and better financial yield in the silver trading market. Additionally, these options allow you to diversify your trading portfolio and at the same time, safeguard your investment during the time of economic downfall.
Therefore, you ought to check and ensure that the broker offers a broad range of trading. All things considered, a well-established broker should be capable to offer clients vast multifarious trading instruments including Forex, Precious Metal, Energy, Indices, Securities, and Futures.
Order Execution Speed
Again, when deciding on where to buy silver CFD, you ought to select the broker that employs the most efficient technology and IT infrastructure in the competitive industry. The type of technology the broker employs will determine their speed efficiency on order execution.
In fact, the order execution speed can significantly affect your trading outcome. Particularly if the executions are, by any chance, delayed.
A proficient broker should understand the significance of speed for this reason. Thus, ensuring to execute their client’s order efficiently at the best market rates.
Trading Platforms Available
Over and above, you should look into the trading platforms provided the broker.
The MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the most favored and commonly used trading platforms in the trading world. They are widely known for their flexibility and stability with highly customizable, user-friendly features. Moreover, they come with a long list of technical indicators that are particularly effective in assisting traders in making adequate orders.
What’s more, they offer NDD (No Dealing Desk) Mode with 100% orders executed by a system that has no order rejection. There is also a feasible EA automatic trading, and a MAM multi-account management system for all professional clients.
Trading Silver CFD With Doo Prime
To answer the question of “Where to buy silver CFD?”: you can begin your silver CFD trading journey with us. As a firmly rooted international broker, we are able to provide all the factors mentioned above and assist you in being a lucrative trader.
Doo Prime is an international pre-eminent online broker under the Doo Group with operation centers in Singapore, Hong Kong, Dallas, Kuala Lumpur, and other regions. Our main ethos is to provide professional investors with global financial instruments (CFDs) on our trading platform.
In 2020, we have achieved a total traded of US$178.72 billion and our monthly trading volume hit the highest in October 2020 with a total of US$54.39 billion worth of transactions recorded.
As a leading broker, we strive to establish an online trading platform that empowers clients to stay one step ahead.
What Doo Prime Can Offer You:
A supervised trading environment
Doo Prime is a subsidiary of Doo Group, a full-fledged financial services group with an extensive business presence worldwide.
We are a financial technology-based group that adheres to operate under the supervision of multiple international financial trading licenses.
Doo Prime specifically incorporates the financial regulatory licenses in Mauritius and Vanuatu, which has granted us the opportunity to deliver the finest trading experience to more than 21,000 professional clients, alongside with managing a massive trading volume of dozens of billions of dollars monthly.
Diverse trading instruments
On Doo Prime’s platform, you can seamlessly trade up to 10,000+ trading instruments globally with our latest self-developed cloud network trading system – Doo Prime InTrade.
We consolidate different trading assets including Forex, Precious Metal (gold and silver), Energy, Indices, Securities, and Futures into one account so one-stop worldwide investment is easily accessible.
Moreover, the listed instruments mentioned above are all applicable to spreads as low as 0.1 pips, which is one of the lowest in the market. On top of that, our robust technology enables orders to execute at 50 ms tops, without rejections and slippage.
Equip you with powerful trading tools and features
Our newly implemented InTrade web version integrates multiple trading tools such as real-time market depth, accurate charts and technical analysis indicators. It supports both MT4 and MT5 servers with multiple language options alongside with optimized and upgraded layout to provide the best user interface.
Despite the great features on InTrade, MetaTrader 4 (MT4), and MetaTrader 5 (MT5) are still the prime choices of many professional and institutional traders. Supported by automated trading systems such as Expert Advisor (EA), traders are able to customize their own parameters and settings to identify opportunities in the market and perform automated trading.
Furthermore, Doo Prime has partnered with renowned investment research provider Trading Central to help our clients make the best-informed decisions.