Accendo Markets is an award winning CFD brokerage based in the City of London. When you apply for your CFD platform trial, we’ll send you your username and password by email. You can use this to login to your CFD trading platform on our website. Your CFD platform trial will give you:
- Access to a vast range of global CFD markets – shares, indices, currencies and commodities
- £10,000 fictional money to trade CFDs
- The chance to perfect your CFD trading strategy with no risk
A CFD trading platform allows you to trade contracts for difference (CFDs) from home. As an Accendo Markets client, you get access to the world financial markets via your CFD platform. Buy and sell shares, commodities, indices and currencies, all at the touch of a button and all on one platform. You can also use your CFD platform to add/remove funds from your trading account, receive the latest news and view live price action with the built in, state-of-the-art charting software. All this at no added cost – you only incur charges when you trade. This CFD platform trial is intended to give you a feel for the platform before committing funds.
With this free CFD platform trial you will receive:
- Live trading data and prices
- Charts and indicators included
- £10,000 demo money to trade the financial markets
- Trade shares, commodities or currencies using the CFD platform trial.
We don’t charge for this CFD platform trial, nor are credit or debit card details required.
We hope you find the CFD platform trial useful and that it will encourage you to make Accendo Markets your trading provider of choice.
If you like the CFD platform trial, you can open a live online trading account with live stock prices. As a client, you will have access to the platform to trade with real money. There is no charge for the CFD platform trial, which will simply end if you choose not to become a trading client.
At Accendo Markets we provide online trading services and technologies to clients wishing to engage in CFD trading and spread betting on a range of assets, including shares, commodities, indices and currencies.
CFDs provide professional and amateur traders alike with the ideal way to trade a chosen market electronically from home. As an added bonus, CFD trading is presently not subject to stamp duty*.
You can use CFDs to trade on whether you think the market (for example, FX, stocks or commodities) will go up or down in value. Of course, if the market moves against you, a loss is realised. The more the underlying market moves favourably, the greater your profits. The purpose of our CFD platform trial is to give you the practice and time to formulate the ideal trading strategy.
With CFDs, you can speculate on whether you think the market will go up or down. Trading on anticipation of the underlying market going up is known as ‘going long’ (this means that you’ll profit if the asset rises) and trading in anticipation of a falling market is known as ‘going short’ (this means you’ll profit if the market falls). Of course, if the market doesn’t move as anticipated, you’ll take a loss.
Like spreadbetting, options and futures, CFDs are traded on margin (i.e. leveraged), and can result in losses in excess of your deposit (initial margin). Different types of stop-losses are available to manage your risk, including guaranteed stops, trailing stops and standard stops. Please note, guaranteed stops incur an extra charge
About Accendo Markets
Accendo Markets is London’s award-winning specialist CFD brokerage. Why? We think it’s because we offer the CFD trader more than other online CFD providers.
We’ll give you access to a personal trader who’ll act as your account manager, broker and tutor, all rolled into one. We’ll give you the latest research and trade ideas to help you make your own decisions and maximise your trading potential.
CFDs – A History
CFDs were originally developed in the 1990s in London as a type of margined derivative. They were originally utilised by institutions and hedge funds to hedge exposure to stocks on the London Stock Exchange in a cost-effective way. This was mainly due to the small margin requirements and avoidance of stamp duty.
It wasn’t until the late 1990s that CFDs were made available to private traders in the UK. They were provided via innovative online trading platforms showing live prices and charts, allowing the private trader access to real time markets that had previously been the privilege of a few city-based professionals.
It was around the millennium that private traders realised the benefit of trading CFDs. This was not the stamp duty exemption but the ability to leverage the underlying market. The use of CFDs saw exponential growth – CFD providers extended their product offering from equities to include indices, worldwide shares, commodities, and forex. Index CFDs quickly became the most popularly traded CFD, and remains so today. This is because indices are a convenient way for traders to gain exposure to the wider market.
In around 2001, many CFD providers began offering financial spread betting markets alongside CFDs. In the UK, the CFD market is in many ways similar to the spread betting market. CFDs have been successfully exported to various countries, whilst the popularity of spread betting rests on a specific UK and Ireland tax advantage. For this reason, spread betting has, unlike CFDs, remained a UK and Irish phenomenon.
CFD providers began expanding globally, with CFDs being introduced to Australia in 2002. CFDs have since been introduced to various other countries, including continental Europe.
In November 2007, the Australian Securities Exchange (ASX) introduced exchange traded CFDs on the top 50 Australian shares, 8 forex pairs, various commodities and some major world indices. Until 2007, CFDs were traded over-the-counter (OTC).
The introduction of MIFID in 2007 meant that CFD traders in the UK were no longer required to qualify as ‘intermediate’ investors. This had the effect of widening the CFD market to all private prospective private traders. Accendo Markets was established in 2007 to cater for this market by adding the personal touch to online CFD trading.
*Under current UK tax law. Tax laws may be subject to change.