PRLog (Press Release) - Aug. 9, 2011 - Online CFD broker comparison site CFDSpy.com has urged traders to more carefully consider their choice in broker and to ensure they conduct a thorough comparison when choosing a provider to access the CFD markets.
With an increasing number of CFD brokers on the market, competition between providers has intensified, leading to lower trading costs, improved functionality and increased innovation for traders savvy enough to take advantage of this growth in choice.
A spokesperson for CFD Spy, which offers free comparisons on the leading CFD brokers suggested that by running a very simple comparison between different providers, traders could differentiate at a glance to find the best deal.
"The number of CFD brokers out there today boggles the mind, with new providers springing up seemingly every other week in response to rapidly growing demand as the profile of CFDs continues to rise. As a result, traders will now find it increasingly difficult to sift through the burgeoning block of different brokers and their individual unique selling points, which can lead to bad decision-making and unfavourable, unprofitable trading conditions. We recommend in spite of the range of choice out there that traders continue to adopt a discerning approach when it comes to choosing a CFD broker."
"At CFD Spy, we've taken the liberty of comparing the full range of CFD brokers on the market, comparing against the most fundamental checkpoints for traders to help make choosing a broker that bit easier. Entirely independent from the brokers, and with extensive experience ourselves when it comes to the ins and outs of CFD trading, we offer impartial, up-to-date reviews and comparisons to help you find a better deal, with a better CFD broker."
CFDSpy.com helps traders learn more about the basics of CFD, spread betting and share dealing, helping improve the skills and success rate of traders from all walks of life through informative, free-to-access trading resources.