Synthetic Indices Trading Brokers

The outstanding feature of synthetic indices brokers

Synthetic indices simulate real-world market movement and do so perfectly, enabling individuals to adopt the same strategy for Forex on synthetic indices. Synthetic indices are backed by a cryptographically secure random number generator. Synthetic indices are available for trading 24/7, which is one area where it stands a head taller than other markets. You can therefore access the various assets offered here at any time of the day or night. You can also access the assets on weekends. There is no stoppage time at all. The following are some of the unique features of brokers offering synthetic indices:

• Trading is available 24/7 without leaving out public holidays or weekends.
• Free real-world market to members
• Traders can have exclusive access to unique trade types.

Synthetic indices offer a good opportunity for traders to make money, but you must first register with a reliable Synthetic indices broker. In the remaining part of this write-up, we will show you some of the best synthetic indices brokers available today, enabling you to choose among them with ease.

The Top Synthesis Indices Brokers Reviewed

Deriv

This is among the leading synthetic indices brokers out there today. The site is easy to navigate even if you have limited experience in synthetic indices trading. Once you have the basic knowledge of Forex trading, it will not be difficult for you to also trade synthetic indices on this site. The flexibility of the site makes it stand out and it is accessible on MetaTrader 5 (MT5) trading platform. The site offers tutorials to its customers, enabling them to understand how the site works before they start trading. Even if this is your first experience with the site, it will not be difficult for you to find your way around.

Pros:

• The site is well regulated, making it safe for synthetic trading
• The customer service quality is also top-notch
• Deriv offers a well-developed platform
• The site is highly innovative

Cons:

• Deriv is not accessible in some countries.

Min $5 Deposit

Regulated By: MFSA, BFSC, VFSC, LFSA

Foundation Year: 1999

Headquarters: Malaysia

Terms & conditions apply

Risk Warning: CFDs are considered complex derivatives and may not be suitable for retail clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.

» Visit» Visit

BlackBull Markets

This synthetic indices broker is domiciled in New Zealand and is among the leading ECN Forex brokers around. The broker started operation in 2014 and is adequately regulated by the relevant regulatory agencies in New Zealand. So, it is a safe platform for synthetic indices traders. Aside from synthetic indices, the trader can also access 64 currency pairs for trading. The minimum deposit on the site is $200. The customer service is among the best.

Pros:

• The customer can enjoy 24/7 customer support
• Trade prosecution speed is very fast.
• You can also access social trading here, enabling you to copy other traders.

Cons:

• The minimum deposit is on the high side for beginners on a tight budget

Min $200 Deposit

Regulated By: FSA, FMA

Foundation Year: 2014

Headquarters: New Zealand

Terms & conditions apply

Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.

» Visit» Visit

Vantage Markets

This is one other outstanding platform you can trust when looking for Synthetic indices brokers you can trust. The company had been around since 2009 and had proved itself to be one of the most transparent brokers you can ever come across as far as synthetic indices trading is concerned. The broker is regulated in Australia and you can access the services from any part of the world. It is also regulated by the authorities in Vanuatu and Cayman Islets.

Pros:

• The broker is regulated in Australia and accessible to traders from any part of the world
• Its trading services are also transparent
• It is a safe platform to trade synthetic indices.

Cons:

• It charges commissions per trade, which is relatively expensive.

Min $200 Deposit

Regulated By: FCA, ASIC, CIMA, SIBL

Foundation Year: 2009

Headquarters: Australia

Terms & conditions apply

Your capital is at risk.

» Visit» Visit

Legacy FX

This broker is regulated and, therefore, one of the best places to trade synthetic indices. The trading platform is relatively new; it only started operation in 2017. Nevertheless, it is among the leading Synthetic indices brokers today. The broker is regulated by the Vanuatu Financial Services Commission (VFSC) and CySec in Cyprus. You have nothing to fear as far as safety and security are concerned on this site.

Pros:

• You can access more than 80 graphical and pointer tools on this platform
• Trade execution is also rapid
• Traders can access multiple timeframes too.

Cons:

• The starter account offered here is not competitive

How to be successful in synthetic indices trading

Synthetic indices trading can earn you a lot of money if you get it right. Nevertheless, it is still as risky as the Forex market. You must be on the lookout for the associated risks and watch out for them lest you end up losing your hard-earned money.

For you to be a successful indices trader, you should consider the points below:

• Choose the broker carefully: There are many synthetic indices brokers out there today and you can only succeed if you choose carefully among them. Read reviews about the broker before you register there.
• Not a get-rich-quick scheme: Synthetic indices trading can earn you a lot of money if you do it right. Nevertheless, it is not a get-rich-quick scheme. If you are seeking to become rich overnight trading synthetic indices, you may end up in penury, so, take it slow when trading synthetic indices
• Develop and stick to a strategy: You are not qualified to trade synthetic indices if you do not have a trading strategy. After forming the strategy, try it out on a demo account to determine its reliability.

Conclusion

The points above would have opened your eyes to some of the many features that set synthetic indices apart and we have shown you some of the outstanding Synthetic indices brokers you can register with. You can make money from synthetic indices trading, but you must never risk more than you can afford to lose.