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EU cultural contact Point about online investing

Culturfund.eu aims to share with you our experience and opinion about online trading platforms, so that you can have an overview of what is best and you avoid bad brokers and scams.

Since the end of the 90s and the beginning of the 2000s, online investing has made life easier for many private and individual investors who wish to invest their money in the financial market. Thanks to the arrival of online trading and brokerage platforms, trading and investing in the financial markets is no longer reserved for an elite, it is now easier, faster and cheaper to buy and resell assets and grow your capital.

That is why, on our site, you want to help private investors discover a safe way to trade and invest in the financial markets.

To get started, you need to choose the right broker. However, there are many scams and brokerage firms to avoid, which is why we want to share with you some advice so that you can easily select the brokers that best suit your expectations as a trader and investor.

On culturefund.eu you can find an overview of all the brokers we have tested in our CFD broker comparison

Getting started with CFD and Forex trading

To start trading in the best possible way, you must first understand the basics of CFD and Forex trading. So it should start with what CFDs and Forex are.

Once you understand the principles of this type of market and investment product. You can then go on to find a broker who will suit your requirements.

here are different points to consider when choosing your broker:

Regulation:

In order to avoid most scams and protect your money in the event of a dispute, one of the most important criteria for choosing an online broker is broker regulation

Here is a list of the main financial market regulator in Europe:

Financial Conduct Authority (FCA) – Is the regulatory body for financial services companies and financial markets in the United Kingdom.

Cyprus Securities and Exchange Commission (CySec) – Is the Cypriot regulator, the financial regulations of CySEC are subject to the European financial harmonization law MiFID.

Recently, there are also other new European regulators such as (Isleof Man Financial Service Authority (IOMFSA) and the financial regulator of Malta, The Malta Financial Services Authority (MESA) which aims to establish rules and laws relating to news virtual assets such as cryptocurrencies.

Cost and brokerage fees:

Check on the broker’s sites what fees are applied to the assets you wish to trade. Some brokers have relatively low fees while others have large fees. This is a very important criterion because these costs and commissions can heavily impact your profits and your profitability. Some broker does not charge any commission like eToro which does not charge any commission on the purchase and sale of shares on the stock market.

Risk warning:

Always beware of brokers who have no risk warning. this is usually a clear sign of a scam and they are non-regulated brokers. A serious broker always informs these clients about the potential risks of trading. Trading is a high risk / high reward activity. it should never be considered a risk free activity and you should avoid brokers who make such promises.