Beginner checklist
- EU-authorised entity in your agreement
- Free demo account
- Commission-free standard account
- Euro (or local currency) account
- Support and education in your language
Brokers to compare
| Broker | Why beginners consider it | Loss rate |
|---|---|---|
| IG (IG Europe GmbH) | Long track record since 1974, polished platform, education | 74% |
| Pepperstone (EU entities) | Simple Standard account plus platform choice | 72.9% |
| Hantec Markets | MT4 with a commission-free Standard account; check eligibility for EU residents | XX% |
First steps
- Read our guide to ESMA rules.
- Open a demo and practise for a few weeks.
- Start live with a small amount and micro lots.
- Learn your country's tax rules — see our country guides.
Frequently asked questions
What leverage should a beginner use?
Far less than the 1:30 maximum. Size positions so a stop-loss costs no more than 1–2% of your account.
Is a demo account enough to learn?
It's the right start. Move to a small live account once you can follow your rules consistently.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.