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CFD Trading

CFD Trading Philippines

LiteFinance offers Contract for Difference (CFD) trading, allowing clients to speculate on price movements of various financial instruments without owning the underlying assets.

What are CFDs?
Available CFD Instruments
How CFD Trading Works
Margin and Leverage
Trading Platforms for CFDs
Order Types
CFD Trading Costs
CFD Trading Account Types
Demo Account
Deposits and Withdrawals
Mobile CFD Trading
Security Measures
Common Issues and Solutions
FAQ

Created: 01.08.2024

What are CFDs?

CFDs are derivative financial products that enable traders to profit from price fluctuations without owning the underlying asset. Key features:

Trade on margin
Go long or short
No physical delivery
of assets
Profit from both rising and falling markets

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Available CFD Instruments

LiteFinance provides CFDs on various asset classes:

1

Forex

56+ currency pairs

2

Indices

11 global stock indices

3

Commodities

4 metals, energy products

4

Stocks

141+ shares from major exchanges

5

Cryptocurrencies

65+ digital assets

How CFD Trading Works

Choose an instrument
Decide trade direction (buy or sell)
Select trade size
Set stop loss and take profit levels
Monitor and close the position

Example:

• Instrument: Apple Inc. (AAPL) stock CFD
• Current price: $150
• Prediction: Price will rise
• Action: Buy 100 CFDs
• Result: If price rises to $155, profit = (155 - 150) x 100 = $500

CFD trading Philippines

LiteFinance is a well-established CFD broker Philippines offering a broad spectrum of financial instruments, including Contracts for Difference (CFDs). CFD Trading Philippines enables you to speculate on the price movements of various assets without actually owning them, making it a flexible choice for traders.

CFD Philippines

Key Features of CFD Trading Philippines on LiteFinance:

Leverage Options: LiteFinance offers significant leverage, allowing you to control larger positions with a smaller initial deposit. While this can boost your potential profits, it also increases the risk of greater losses.
Wide Asset Variety: Trade across multiple asset classes, including forex pairs, stocks, indices, commodities, and even cryptocurrencies, giving you the freedom to diversify.
Competitive Spreads: Enjoy tight spreads, which minimize the cost of entering and exiting trades by reducing the difference between the buy and sell price.
Advanced Trading Platforms: Access cutting-edge platforms like MT4 and MT5, designed to cater to different trading styles, from beginners to advanced traders.
Educational Tools: LiteFinance offers extensive learning materials, including webinars, articles, and video tutorials, to support traders at every level.

CFD account Philippines

How to Start CFD Trading Philippines on LiteFinance:

Create an Account: Open a trading account quickly and easily with LiteFinance.
Fund Your Account: Deposit funds in your preferred currency.
Select an Asset: Choose from a wide range of assets, such as forex pairs or stock indices.
Execute Your Trade: Decide whether to buy (go long) or sell (go short), and set the trade size.
Monitor and Manage: Keep track of your trades and adjust your positions as needed.

Following these steps, you can get easy access to the Philippines CFD market!

CFD account Philippines

Philippines CFD trading

LiteFinance is a leading choice for CFD trader Philippines, thanks to its robust platform, diverse asset options, and competitive pricing. However, it’s crucial to evaluate your own trading style and risk tolerance before committing.

Essential Considerations:

Risk Management: Given the inherent risks of CFD in Philippines trading, it's vital to use tools like stop-loss orders to manage potential losses.
Leverage Responsibility: While leverage can magnify gains, it can also amplify losses. Use it wisely to balance risk and reward.
Continuous Learning: Before diving into CFD trading, educate yourself on both the instruments and the markets. LiteFinance’s educational resources can help you gain a deeper understanding.

Margin and Leverage

CFD trading uses margin and leverage:

• Margin: Percentage of trade value required as collateral
• Leverage: Allows control of larger positions with smaller capital
LiteFinance leverage options:

• Forex: Up to 1:500
• Indices: Up to 1:200
• Stocks: Up to 1:20
• Cryptocurrencies: Up to 1:10

Example:

• Trade: 1 lot EURUSD (100,000 units)
• Leverage: 1:100
• Required margin: $1,000

Trading Platforms for CFDs

LiteFinance offers multiple platforms for CFD Philippines trading:

MetaTrader 4 (MT4)
• Desktop, web, and mobile versions
• Advanced charting tools
• Expert Advisors (EAs) for automated trading

MetaTrader 5 (MT5)
• Enhanced version of MT4
• More timeframes and analytical tools
• Economic calendar integration

cTrader
• User-friendly interface
• Level II pricing
• Advanced algorithmic trading capabilities

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Order Types

LiteFinance supports various order types for CFD trading:

Market Order

Execute at the current market price
Limit Order

Buy below or sell above the current price
Stop Order

Buy above or sell below the current price
Stop Loss

Close position at specified loss level
Take Profit

Close position at a specified profit level
Trailing Stop

Dynamic stop loss that follows price movement

CFD Trading Costs

Understand the costs associated with CFD trading:

1

Spreads

Difference between buy and sell prices

2

Commissions

Fixed fee per trade (applicable to some account types)

3

Overnight financing

Fee for holding positions overnight

4

Currency conversion

Cost for trading in non-account currencies

LiteFinance offers competitive pricing:

• ECN Account: Spreads from 0.0 pips, commission from $0.25 per lot
• Classic Account: Spreads from 1.8 pips, no commission

CFD Trading Account Types

LiteFinance offers two main account types for CFD trading:

Account Type
ECN Account
Minimum Deposit
$50
Spreads
From 0.0 pips
Commission
From $0.25 per lot
Maximum Leverage
1:500

Account Type
Classic Account
Minimum Deposit
$50
Spreads
From 1.8 pips
Commission
No commission
Maximum Leverage
1:500

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Demo Account

Practice CFD trading risk-free:

• Virtual balance: Choose from $1,000 to $100,000
• Access to all CFD instruments
• Real market conditions
• No time limit

To open a demo account:

Visit LiteFinance website
Click "Open Demo Account"
Fill in the required information
Choose the account type and platform
Start trading

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Deposits and Withdrawals

Multiple options for funding your CFD trading account:
• Credit/Debit Cards: Visa, Mastercard
• Bank Wire Transfer
• E-wallets: Skrill, Neteller, Perfect Money
• Cryptocurrencies: Bitcoin, Ethereum, Tether

Withdrawal process:

Log in to your LiteFinance account
Navigate to "Withdraw Funds" section
Choose withdrawal method
Enter the amount and confirm

Withdrawal processing time varies by method, typically 1-5 business days.

Mobile CFD Trading

Trade CFDs on the go with LiteFinance mobile apps:
• Available for iOS and Android devices
• Full functionality of desktop platforms
• Real-time quotes and charts
• Secure login with biometric authentication

To start mobile trading:

Download LiteFinance app from App Store or Google Play
Log in with your existing account or register a new one
Choose a CFD instrument and start trading

Security Measures

LiteFinance prioritizes the security of CFD traders:

SSL encryption for data transmission
Two-factor authentication (2FA)
Regular security audits

Customer Support

Access support for CFD trading inquiries:
• Live Chat: Available 24/5
• Email: support@litefinance.com
• Phone: Check the website for regional numbers
• FAQ Section: Quick answers to common questions

User Reviews

LiteFinance's CFD offering is impressive. The range of instruments is extensive, and the execution speed on the MT5 platform is excellent. I particularly appreciate the competitive spreads on the ECN account, which have significantly reduced my trading costs.

James R

Experienced Trader

Common Issues and Solutions

1

Slippage During Volatile Markets

Issue: Some users experience slippage when trading CFDs during high volatility.

Solution: Use limit orders instead of market orders during major economic events.
Consider implementing wider stop losses to account for potential price gaps.
2

Understanding Overnight Financing Charges

Issue: Traders sometimes overlook the impact of overnight financing on long-term CFD positions.

Solution: Review the overnight financing rates for each instrument before entering a trade.
For longer-term positions, consider using CFDs on stocks or indices with lower financing charges.
3

Platform Stability During Peak Trading Hours

Issue: Occasional reports of platform slowdowns during peak market hours.

Solution: Ensure a stable internet connection. Close unnecessary applications to free up system resources.
Consider using the web-based platform as a backup during extremely busy periods.

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FAQ

How do CFDs differ from trading the actual underlying asset?

CFDs allow you to speculate on price movements without owning the asset, enabling features like going short easily and trading on margin. However, CFDs do not confer ownership rights or dividends (although dividend adjustments may be made).

What is the maximum leverage available for CFD trading on LiteFinance?

Maximum leverage varies by instrument: up to 1:500 for forex, 1:200 for indices, 1:20 for stocks, and 1:10 for cryptocurrencies. However, leverage is a double-edged sword and can amplify both profits and losses.

Are there any restrictions on CFD trading strategies at LiteFinance?

LiteFinance supports various trading strategies, including day trading, scalping, and algorithmic trading. However, certain restrictions may apply to specific instruments or during extreme market conditions. Always review the latest trading conditions and terms of service.