6 Best CFD Trading Platforms [Brokers, Software, Execution]

1000's Of Hours Of Research, We Present The 6 Best Brokers With The Most Complete Platform. Software / Spreads / Leverage & Best ECN Execution

REVIEW BREAKDOWN
Vantage FX Australia - Best For A Complete CFD Platform Solution + Fiber To ECN Connection
IC Markets Australia - Best For A Complete CFD Platform + Equinix ECN Connection
Admiral Markets Europe - Best Platform Hosting & Selection Of ETF's & Share CFD's
Forex.com UK & USA - Great Platform & Liquidity From A Global Giant
Alvexo Europe - Best Custom Platform For Ease Of Use & Best Customer Service
Trade.com: Great for trading CFD’s on European & US Stocks, Forex, Bonds and Commodities. + Live Stocks Account For Direct Beneficial Ownership
The Best CFD Platforms Comparison & Review
The Best CFD Platforms Comparison & Review

If you are looking for the CFD & Forex brokers with simply the best platforms and trading conditions available anywhere, then this is the in-depth comparison you need.  You do not need to worry about the reputation or regulation of these brokers, they have been vetted and all information is available in the detailed reviews of these brokers.

This review & head to head comparison focuses on the trading platform and trading conditions.

5 Best CFD Trading Platforms Globally

  • Vantage FX – Australia – Best For Demanding Traders, A Complete ECN Platform + Super Fast Equinix To ECN Connection
  • IC Markets – Australia – Best For A Complete CFD Platform Solution + Equinix ECN Connection
  • Admiral Markets – Europe – Best Platform Hosting & Selection Of ETF’s & Share CFD’s
  • Forex.com – UK & USA – Great Platform & Liquidity From A Well Established Global Giant
  • Alvexo – Europe – Best For Beginners, Custom Platform, Ease Of Use & The Very Best Customer Service & Support
  • Trade.com – Great for trading CFD’s on European & US Stocks, Forex, Bonds and Commodities. + Live Stocks Account For Direct Beneficial Ownership

Click on the broker name above to jump to the review section or keep reading to find out more about each broker platform.

The Best CFD Platform Comparison Table (Searchable)

BrokerVantage FX CFD Broker ReviewIC Markets CFD Broker Review & ComparisonAdmiral Markets CFD Forex Broker ReviewForex.com Biggest Forex Broker in the UKAlvexo CFD Broker Review & ComparisonVisit Trade.com
Execution Types
Dealing Type STP✔ (Live Stocks Account)
Dealing Type ECN
No Dealing Desk / Market Execution✔ (Live Stocks Account)
Market Maker✔ (CFD's)
Scalping & High-Frequency Trading (HFT)
Trading Platform
Metatrader 4
MetaTrader 5
MetaTrader VPS Hosting
MT WebTrader
ZuluTrade
MyFXBook
cTrader
Mam / PAMM
Mobile Software
Broker Specific SoftwareForex.com PlatfromAlvexo Web TradingTrade.com
Instruments & Leverage
Forex Pairs 40604780+5462
Forex Leverage (Retail / Pro)1:100/1:5001:100/1:5001:30/1:5001:30 / 1:4001:30 / 1:3001:30 / 1:300
Forex CommissionsSpread / Commission$7 per lotSpread / CommissionSpread / CommissionSpread / CommissionSpread / Commission
ECN Spreads From0.00.00.01.01.31.3
Crypto Trading #610328Coming Soon4
Crypto Leverage1:21:51:5Spread-1:2
Shares #1001014000+220400+2000+
Shares Leverage1:201:201:201:31:201:10
Shares Commission$6 per trade0.01% of TradeCommission$1 per 1,000$15
Indices #15151915926
Indices Leverage (Retail/Pro)1:2001:2001:50020:1 / 400:11:751:200
Indices CommissionSpread / CommissionDaily FinancingSpreadSpreadSpread / CommissionSpread
ETF #500+35+
ETF Leverage1:51:100
Commodities, Bonds, Treasuries
Commodities / Futures2017199736+
Commodities Leverage1:1001:1001:5001:101:751:200
Bonds / Treasuries #928
Bonds Leverage1:1001:2001:100
Automated Trading
The Best CFD Trading Platforms - Comparison Table

If you would like to read an explanation of each type of software and execution type mentioned in this table, jump to our learning section.

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Best FX & CFD Platform Reviews

Vantage FX – Australia – Best For A Complete CFD Platform Solution + Fiber To ECN Connection

Vantage FX CFD Broker Review
Vantage FX CFD Forex Broker Review
Read The Full Vantage FX CFD Forex Broker Review

Vantage FX has been around since 2009 which makes it one of the more established CFD Forex Brokers in the industry.  Based in Australia Vantage FX are focused on enabling their clients open and transparent access to the markets while using the best platforms around, MT4 & MT5.

Straight Through Processing (STP) and Electronic Communications Network (ECN) accounts also mean direct market access and lightning quick execution.

Vantage FX Review SummaryPro’sCon’s
Platform Rating ★★★★★★ Retail & Pro Accounts + ECN & STP✘ No ETF or Bond Trading
Execution Rating ★★★★★★ Choice of Spread or Commission✘ Only 100 Share CFD’s
Open An Account★ MT4, MT5 & ZuluTrade Platforms Available
★ Cryptocurrency Trading
Special 50% Deposit Rebate★ High Leverage Possible

 

Types Of Accounts Available At Vantage FX

Vantage FX Account TypesStandard STPRAW ECNPRO ECN
Platform  MetaTrader 4
MetaTrader 5
WebTrader
Mobile Apps
Execution Type STPECNECN
Forex Pairs404040
Indices131313
Commodities202020
Minimum Balance$200$500$20,000
Minimum Trade Size0.01 lot0.01 lot0.01 lot
Leverage  Up to500:1500:1500:1
Spreads from1.4 pips0.0 pips0.0 pips
Commission$0$3.00 per lot per side$2.00 per lot per side
Table 1: Service & Leverage Per Account – Vantage FX

As you can see Vantage FX are competitive across the board, the only decision you will need to make is the type of account you want.  The Standard STP account is a Straight Through Processing (STP) account which enables direct market access to the big liquidity providers like hedge funds and investment banks, this is great for the trader because the broker is not taking the opposite side of your trade therefore not trading against you.  Because it is an STP account you will pay a tight spread to fund the transaction with the liquidity providers.

The RAW ECN and PRO ECN accounts use the Electronic Communications Network via MetaTrader.  The ECN is a global hub where all the major liquidity providers connect to and compete to fill your order by offering the best prices.  For the privilege of offering you the best price, they will be paid via $3.00 per lot on the Raw ECN accounts and $2.00 per lot on the PRO account.

If you are a novice or intermediate trader go for the Standard STP account.  If you are experienced go for RAW ECN and if you will be a frequent trader with a minimum account balance of $20,000 you can opt for the PRO ECN account.

Whichever account you choose you know you will not be competing against your broker, but connecting directly to the markets and getting good prices for your trades

Forex Trading

Vantage FX offers a good selection of 40 foreign exchange (Forex or Fx) pairs for trading.  All the common pairs such as EUR/USD and EUR/GBP are covered, plus more exotic pairs such as NZD/JPN (New Zealand/Japan).  Leverage is available up to 500:1 but of course, the leverage available to you depends, as with all brokers, on your account balance and experience.

Cryptocurrency Trading

Trading Crypto is hot right now, and Vantage FX currently offer 6 Cryptocurrency pairs. You can trade Bitcoin, Bitcash, Ethereum, Litecoin and Ripple vs the U.S. Dollar at between 2:1 and 5:1 leverage.

Share & Indices Trading

With a portfolio of only 100 shares CFD’s, Vantage FX is a little light in this department, with other brokers offering up to 3000 shares.  The 100 shares you can trade are mostly U.S. Blue Chip companies.  So if taking advantage of stock trading opportunities is your thing you might want to look at Plus500.

In terms of indices,  you will have access to the major European, American and Asian benchmarks including the DAX, Nasdaq, Dow, CAC, FTSE, ASX, Hang Seng, and the China A50, 15 in total at up to 200:1 leverage.  Vantage FX does not offer Options trading via CFD’s.

Commodities

For those interested in commodities, there are 20 to choose from, which gives you enough to trade if your focus is on commodity futures. The usual commodities like Oil, Coffee, Corn, Wheat, Copper, Sugar, and Gas are available.

Brokers Trading Platform

Vantage FX aims to provide its customers with every possible choice of tool & trading platform.  You have the choice of Vantage FX WebTrader or MetaTrader 4 / 5, cTrader for ECN Currency Trading, ZuluTrade for Copy Trading and MyFXBook.  Of course, whichever desktop software you choose, you will still be able to trade from your tablet and smartphone. The MetaTrader 4 App has a 4-star rating on the Play store and in the Apple store 4.5-stars, which means you will get a great mobile trading experience. Ultimately you know you will be getting a solid and seamless experience however and wherever you choose to trade.

Vantage FX Web Trader For MT4 & MT5

You can use the Vantage FX Web Trader platform which is easy to use yet very powerful, this will give most retail investors what they need with a minimal investment in training and no installation required.  Simple “one click to trade” enables you to execute the trade quickly.  You have all order types available, so there is no pairing back of functionality with the online tool.  Naturally, you get streaming real-time quotes, but the best thing is that the orders are processed using Straight Through Processing (STP) which means the order goes straight to the top tier liquidity providers to optimize order (Bid/Spread) pricing and execution.

Vantage FX MetaTrader 4 & MetaTrader 5

Vantage FX MetaTrader 5 Platform
Vantage FX MetaTrader 5 Platform

If you want to operate an ECN account with direct market access you can utilize the best, MetaTrader 4 or 5. MetaTrader will open up a world of automated trading and real-time streaming of news and events, it may take some time to work on your learning curve but it will be well worth it.  The ECN is worth its weight in gold because you trade directly in a pool with other traders without the middle man or Market Maker, this is how you get spreads close to 0.0, but instead, there is a transaction fee commission on the trade due to the costs of operating the ECN.  The ECN is not operated by Vantage FX, but they do have a Fiber link into the ECN for faster trade execution.

There are no upfront costs associated with using the platforms available.

Vantage FX – MarketTrader Video

MarketTrader – The Flexible Forex (FX) Trading Platform

Watch The Video Overview

 

Powerful Signals & Social Trading

Vantage FX provides email and video trading signals and analysis through Trading Central, focussing on specific high probability setups.  Vantage FX also pride themselves on enabling cutting edge tools for their clients and to complete the offering they have ZuluTrade and MyFXBook AutoTrade.

ZuluTrade Integration

Vantage has an integration with ZuluTrade, a very popular social oriented copy trading service.  This is a nice touch as it enables the profits (or losses) from any trader you follow in ZuluTrade to flow through to you Vantage MT4 dashboard.

Review Summary Vantage FX

Vantage FX is a highly rated and reputable CFD Forex broker who really cares about offering their clients the best market conditions to trade in.  A great set of trading platforms including MT4, MT5, WebTrade, and Zulu trade combined with a choice of STP and ECN routing, mean Vantage FX is one of the best companies operating today.  A good reputation is important in this industry and they have it, a respectable Australian regulated company offering a great platform and a suite of signals, alerts and market updates to help their clients be profitable.

Open An Account With Vantage FX

Read The In-Depth Vantage FX Review

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IC Markets – Australia – Best For A Complete CFD Platform Solution + Equinix ECN Connection

IC Markets CFD Broker Review & Comparison

IC Markets entered the Brokerage industry in 2007 which makes it one of the more established CFD Forex Brokers in the industry.  Based in Australia IC Markets are focused on enabling their clients open and transparent access to the markets while using the best platforms around, MT4 & MT5. All accounts are Electronic Communications Network (ECN) which means direct market access and lightning quick execution to over 50 liquidity providers. Arbitrage, scalping & high-frequency trading (HFT) is allowed.

IC Markets Review SummaryPro’sCon’s
Platform Rating ★★★★★★ All Accounts ECN✘ No ETF or Bond Trading
Execution Rating ★★★★★★ Choice of Spread or Commission✘ Only 100 Share CFD’s
★ MT4, MT5, CTrader & MAM PAMM Platforms
Open An Account★ Cryptocurrency Trading
★ High Leverage Possible

IC Markets: Foreign Exchange (fx), Crypto Currency Services

IC Markets CFD Forex Broker Review
Read The Full IC Markets CFD Forex Broker Review

The Foreign Exchange market is the biggest most liquid market on earth with an estimated $5.3 Trillion traded per day, which is about 30 times the size of the stock markets $28 Billion. We also include Crypto Trading comparisons, which essentially mean “does the broker allow you to trade cryptocurrencies such as Bitcoin or Etherium which are based on the blockchain technology”.  Also at what levels of leverage.

IC Markets won outright in our 2018 Review & Comparison of Forex Brokers, they offer 60 currency pairs and $3.5 per lot, with superior leverage of 1 to 500.  They also offer 5 cryptocurrencies (and growing) with a leverage of 1 to 20.

IC Markets: CFD Brokers Stocks, ETFs & Options Trading Services

IC Markets again lead the top, although having fewer shares on offer the commissions are excellent. They offer lightning-fast execution on 22 Australian Stock Exchange (ASX) Stocks, 49 New York Stock Exchange (NYSE) Stocks and 49 NASDAQ Stocks.  They also off 200 to 1 Indices leverage on 15 Indices and daily financing, producing a package that is extremely cost effective.

IC Markets: Commodities, Bonds & Treasuries Trading Services

IC Markets also offers the full suite of commodities and bonds, with 17 commodities offered at 1:100 leverage and 9 different Bond & Treasury Vehicles at again 1:100 leverage.  IC Markets Commodities include:

  • Spot Energy Contracts – Crude Oil, Brent, and Natural Gas
  • Metals – Gold, Silver & Platinum
  • Soft Commodities – Sugar, Coffee, Corn, Wheat, Soybean, Cotton, Orange Juice & Cocoa

IC Markets: Trading Platform Software Comparison

IC Markets offer a huge selection of tools, MetaTrader 4 & 5 and cTrader and ZuluTrade, but what separates them from the crowd is their focus on institutional pricing and tools.

You can locate your IC Markets Virtual Private Server (VPS) directly in the NY4 & LD5 IBX Equinix Data Centers in New York and London, meaning you get the lowest latency for your transactions.  If you are a high volume professional algorithmic trader, utilizing scalping and robots then this is the solution you need.

IC Markets also enabled a True ECN setup, which means you can even get access to institutional pricing for Foreign Exchange from 0.0 pips. As IC Markets explains on it’s website:

IC Markets, a forex ECN broker utilizes the True ECN pricing for all of it’s account types, this means that you the forex trader are offered direct access to our interbank prices feeds from over 50 different bank and dark pool liquidity providers. Trading in a True ECN marketplace allows traders to benefit from the best possible prices available from Tier-1 banks and dark pool liquidity providers.

IC Markets Web Trader For MT4 & MT5

You can use the IC Markets Web Trader platform which is easy to use yet very powerful, this will give most retail investors what they need with a minimal investment in training and no installation required.  Simple “one click to trade” enables you to execute the trade quickly.  You have all order types available, so there is no pairing back of functionality with the online tool.  Naturally, you get streaming real-time quotes, but the best thing is that the orders are processed using Straight Through Processing (STP) which means the order goes straight to the top tier liquidity providers to optimize order (Bid/Spread) pricing and execution.

IC Markets MetaTrader 4 & MetaTrader 5

MetaTrader will open up a world of automated trading and real-time streaming of news and events, it may take some time to work on your learning curve but it will be well worth it.  The ECN is worth its weight in gold because you trade directly in a pool with other traders without the middle man or Market Maker, this is how you get spreads close to 0.0, but instead, there is a transaction fee commission on the trade due to the costs of operating the ECN.  The ECN is not operated by IC Markets, but they do have Equinix network into the ECN for faster trade execution.

IC Markets VPS Servers

If you want you MetaTrader algorithms to run 24/7 on a machine hosted in the super highspeed Equinix datacenters then IC Markets are a great choice of broker for you.  Take a look at the info sheet on Virtual Private Servers (VPS) for trading.

ZuluTrade Integration

IC Markets has an integration with ZuluTrade, a very popular social oriented copy trading service.  This is a nice touch as it enables the profits (or losses) from any trader you follow in ZuluTrade to flow through to your MT4 dashboard.

IC Markets Review Summary

IC Markets is a highly rated and reputable CFD Forex broker who really cares about offering their clients the best market conditions to trade in.  A great set of trading platforms including MT4, MT5, WebTrade, and Zulu trade combined with ECN routing, mean they are one of the best companies operating today.  A good reputation is important in this industry and they have it, a respectable Australian regulated company offering a great platform and a suite of signals, alerts and market updates to help their clients be profitable.

Open an IC Markets Demo Account for Free

Read The Full IC Markets Review

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Admiral Markets – Europe – Best Platform Hosting & Selection Of ETF’s & Share CFD’s

Admiral Markets CFD Forex Broker Review
Admiral Markets CFD Forex Broker Review
Read The Full Admiral Markets CFD Forex Broker Review

Admiral Markets has been around since 2001 which makes it one of the more established CFD Forex Brokers in the industry.  Based in Estonia, Europe, Admiral Markets are focused on enabling their clients open and transparent access to the markets while using the best platforms around, MT4, MT5 and MetaTrader Supreme Edition.

Straight Through Processing (STP) and Electronic Communications Network (ECN) accounts also mean direct market access, lightning quick execution and no conflict of interest.

Admiral Markets Review SummaryPro’sCon’s
Platform ★★★★★★ Retail & Pro Accounts + ECN & STP✘ ZuluTrade or MyFXBook
Execution Rating ★★★★★★ Choice of Spread or Commission
★ MT4, MT5 &  MT Supreme Platforms
Open An Account★ 32 Cryptocurrencies
★ Bonds, Fx, ETF, Stocks, Commodities

 

Types Of Accounts Available At Admiral Markets

PlatformMetaTrader 4MetaTrader 4MetaTrader 5MetaTrader 5
AccountAdmiral.MarketsAdmiral.PrimeAdmiral.MT5Admiral.Invest
Minimum Deposit (EUR, USD, GBP, CHF)20010002001000
Currencies364536
Cryptocurrency CFDs532
Spot Metal CFDs435
Spot Energy CFDs33
Index Futures CFDs47
Cash Index CFDs164
Stock CFDs6403000+4000+
Bonds CFDs2
ETF’s500+
Leverage (Forex Retail)1:30 – 1:201:30 – 1:201:30 – 1:20
Leverage (Forex Pro)1:500 – 1:101:500 – 1:111:500 – 1:12
Leverage (Indices Retail)1:20 – 1:101:20 – 1:111:20 – 1:12
Leverage (Pro)1:500 – 1:101:500 – 1:111:500 – 1:12
Spread, PipsFrom 0.5From 0From 0.5From 0
Limit / Stop Levels, Pips0 pips0 pips0 pips0 pips
CommissionsSingle Share & ETF CFDs – from 0.01 USD per shareForex & Metals – from 1.8 to 3.0 USD per 1.0 lotsSingle Share & ETF CFDs – from 0.01 USD per shareStocks & ETFs – from 0.01 USD per share
Execution TypeMarket ExecutionMarket ExecutionMarket ExecutionExchange Execution
Requotes
Stop Out Retail50%50%50%
Stop Out Professional30%30%30%
Negative Balance Protection 
Hedging
Table 1: Service & Leverage Per Account – Admiral Markets (Big Benefits In Green)

I have highlighted the standout benefits in green in the table above.  The reason Amiral Markets has very happy clients is due to the tight spread, market and exchange execution, negative balance protection and a massive selection of instruments.

As you can see Admiral Markets are competitive if not the best across the board. The only decision you will need to make is the type of account you want.  The Admiral.Markets account is a Straight Through Processing (STP) account which enables direct market access to the big liquidity providers like hedge funds and investment banks, this is great for the trader because the broker is not taking the opposite side of your trade therefore not trading against you.  Because it is an STP account you will pay a tight spread to fund the transaction with the liquidity providers.  It has a good selection all the instruments with spreads from 0.5 pips but does not have ETF’s.  The Admiral.Prime account has 45 currencies & 3 spot metal CFD’s at 0.0 pips spread.

The MetaTrader 5 platform has 2 accounts, the Admiral.MT5 account with a great selection of instruments, including a huge 32 cryptocurrencies, and a monster selection of over 3000 share CFD’s.  These are all offered at 0.0 pips, but instead with a very small commission.  Finally, the Admiral.Invest account is clearly targetted at investors in stocks and ETF’s with 4000+ Stock CFD’s on offer and a huge 500+ ETF CFD’s.

Choose the account right for you, based on if you want to trade Stocks and ETF’s, or you prefer a broad selection of currencies, cryto’s and commodities

Forex Trading

Admiral Markets offers a huge selection of up to 45 foreign exchange (Forex or Fx) pairs for trading.  All the common pairs such as EUR/USD and EUR/GBP are covered, plus more exotic pairs such as NZD/JPN (New Zealand/Japan).  Leverage is available up to 500:1 for professional accounts and 20:1 for retail accounts.

Cryptocurrency Trading

Trading Crypto is hot right now, and Admiral Markets currently offer 32 Cryptocurrency pairs in their Admiral.MT5 account, that is the best selection available from any broker.  There are 22 Crypto’s versus Fiat Currency pairs or you can go for any of the 10 Cryptocurrency cross pairs, including Stellar & Zcash

Share, Indices & ETF Trading

The two MetaTrader 5 account specialize in Stocks & ETF’s offering over 4000 stocks from Europe, U.K and the United States.

In terms of ETF’s,  again Admiral Markets have a massive selection of over 500 covering Euronext (France, Netherlands), Germany, Switzerland, U.K and the U.S.A.  For Indices, the major US, European and UK indices are covered.

Commodities

For those interested in commodities, there are 16 to choose from, which gives you enough to trade if your focus is on commodity futures. The usual commodities like Oil, Coffee, Corn, Wheat, Copper, Sugar, Orange Juice and all the metals are available.

Brokers Trading Platform

Admiral Markets aims to keep it simple and straight forward when it comes to choice of tools, you have the choice of Admiral Markets MetaTrader 4  or MetaTrader 5.  Of course, whichever desktop software you choose, you will still be able to trade from your tablet and smartphone. The MetaTrader 4 App has a 4-star rating on the Play store and in the Apple store 4.5-stars, which means you will get a great mobile trading experience. Ultimately you know you will be getting a solid and seamless experience however and wherever you choose to trade.

Admiral Markets Web Trader For MT4 & MT5

You can use the Admiral Markets Web Trader platform which is easy to use yet very powerful, this will give most retail investors what they need with a minimal investment in training and no installation required.  Simple “one click to trade” enables you to execute the trade quickly.  You have all order types available, so there is no pairing back of functionality with the online tool.  Naturally, you get streaming real-time quotes, but the best thing is that the orders are processed using Straight Through Processing (STP) which means the order goes straight to the top tier liquidity providers to optimize order (Bid/Spread) pricing and execution.

Admiral Markets WebTrader Platform Review
Admiral Markets WebTrader Platform Review

Admiral Markets MetaTrader Supreme Edition for MT4 & MT5

If you want to operate an ECN account with direct market access you can utilize the best, MetaTrader 4 or 5. MetaTrader will open up a world of automated trading and real-time streaming of news and events, it may take some time to work on your learning curve but it will be well worth it.  The ECN is worth its weight in gold because you trade directly in a pool with other traders without the middle man or Market Maker, this is how you get spreads close to 0.0, but instead, there is a transaction fee commission on the trade due to the costs of operating the ECN.  The ECN is not operated by Admiral Markets, but they do have a Fiber link into the ECN for faster trade execution.

There are Zero costs associated with using the platforms available.

Admiral Markets – MetaTrader Supreme Video

MetaTrader Supreme Edition

Watch The Video Overview

 

Powerful Signals & Research For Clients

Admiral Markets provides email and video trading signals and analysis through Trading Central, focussing on specific high probability setups.  Admiral Markets also pride themselves on enabling cutting edge education for their clients.  Their various youtube channel host thousands of educational and market update videos and their own private channels for registered clients provide daily briefings.  They also have live webinars nearly every day of the week and have a huge selection of training videos and resources.  Supporting the customers to be successful is a primary concern for Admiral Markets.

Review Summary Admiral Markets

Admiral Markets is simply one of the best and most reputable CFD Forex brokers who really care about offering their clients the best market conditions to trade in.  A great set of trading platforms including MT4, MT5 and their own MetaTrader Supreme edition combined with a choice of Market or Exchange execution, mean Admiral Markets is one of the best companies operating today.  A good reputation is important in this industry and they have it, a respectable regulated company offering a great platform and a suite of signals, alerts and market updates to help their clients be profitable.

Open An Account With Admiral Markets

Read The In-Depth Admiral Markets Review

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Forex.com – UK & USA – Great Platform & Liquidity From A Well Established Global Giant

Forex.com Biggest Forex Broker in the UK
Forex.com Fx Broker Review
Read The Full Forex.com Fx Broker Review

Gain Capital PLC a FTSE 250 and NYSE listed company has been around since 1983, but the launch of their new brand Forex.com has brought to the table an excellent mix of Direct Market Access (ECN) & Instant Execution.

Platforms include MetaTrader 4 & Virtual Private Server (VPS) hosting and in addition their own innovative advanced trader suite of tools.  Add to this, clear and transparent pricing + tight spreads and low share trading commissions and you have the best UK based Forex & CFD broker.

Forex.com Review SummaryPro’sCon’s
Platform Rating ★★★★★ Instant Execution, STP & ECN✘ No ETF’s or Bonds
Execution Rating ★★★★★★ Good Platforms MT4 + VPS✘ No ZuluTrade
★ Integrated Alerts, Signals, Strategies
Visit Forex.com UK★ Large Established Broker
Visit Forex.com US★ Also Available In U.S.A

 

Instruments & Leverage Forex.com UK

All PlatformsFOREX.com PlatformMetatrader Platform
AccountsRetailPro AccountPro Account
Forex (80+)30:1400:1400:1
Major Indices (15)20:1400:12000:1
Commodities (9)10:12000:1400:1
Shares (220+)5:133:1N/A
Cryptos (8)2:120:1N/A
Table 1: Instruments & Leverage Per Account – Forex.com

Order Execution

Forex.com offer market maker (dealing desk) services but also offer straight-through processing (STP) and electronic communications network (ECN) order execution.  I would recommend selecting the STP or ECN options as they remove any doubt of conflict of interest, which is the biggest complaint that most dealer desk brokers receive.

I spoke with representatives of Forex.com to get clarity on this and to confirm which type of trading is allowed.  The sign of a poor broker is they do not allow High-Frequency, Trading, Arbitrage or Scalping.  Forex.com do allow these types of trades, which essentially means they are not trading against you in the ECN or STP models.

Forex Pairs

Forex.com UK offers a huge selection of 80+ foreign exchange (Forex or Fx) Pairs for Trading.  All the common pairs such as EUR/USD as EUR/GBP are covered, plus a host of exotic pairs.  Leverage is available up to 30:1 but of course, the leverage available to you depends, as with all brokers, on your account balance and experience.  Leverage of 30:1 is for retail customers and if you qualify as a professional investor your maximum leverage can increase to 1:400.  Of all the brokers we have reviewed this is the largest selection of Fx pairs and the highest professional account leverage.

Cryptocurrencies

Trading Crypto is hot right now, and Forex.com UK currently offers 8 different Cryptocurrency trades.  You can trade Bitcoin, Ethereum, Litecoin & Ripple against the Dollar, Pound or AUD.  Crypto leverage is typically 1:2 for retail accounts, good brokers in this space tend to keep the leverage low to be able to service the trades in the volatile environment that is cryptocurrency.  For professional accounts, this rises to 1:20.

Share & Indices Trading

With a portfolio of over 200+ tradeable shares of the largest US & UK stocks, Forex.com UK offers a reasonable selection, higher than the typical broker offering of around 100 shares CFD’s.  In terms of Indices, all the major benchmarks are covered.  As with many of the other Forex brokers, there are no Options or Bond trading opportunities.

Commodities & Metals

For those interested in commodities, there are 9 to choose from, such as Oil, Gas, Palladium, Soybean, Cotton and Platinum.  Livestock are not covered.

Forex.com Trading Platform

Forex.com UK aims to keep it straight forward when it comes to tools.  You can trade from your tablet, smartphone, and PC / Mac and your watchlists and setups are available on all devices.  There are no costs associated with using the platforms and no complex installation for the Web Trader platform or mobile apps.  The beauty of this platform is that it is extremely easy to use and intuitive, whether you are using your phone or have the WebTrader program installed on your PC.  The App has a 3-star rating on the Play store and in the Apple store, so mobile trading might not be the smoothest experience so far, but I am sure they are working on it.

Forex.com Advanced Trading Platform Video

FOREX.com Advanced Platform

Watch The Video Overview

 

As a frequent Forex Trader, the quality and range of the software available are important.  There is no point in having low trading costs and great margin interest rates if you cannot trade due to poor software.  If you have a preference for the industry’s most established Forex trading packages like MetaTrader, then the choice will be clear.

Forex.com has a broad selection of high-quality platforms available.  The industry-leading Forex Trading Software is MetaTrader and Forex.com offer MetaTrader 4.  Add to that the ability to plug in and use NinjaTrader, which has a massive and passionate user base who collaborate and contribute lots of systems and expert advisors.  Also, for Web Trading Forex.com are utilizing TradingView.  TradingView won our Best Stock Market Analysis Software Review, so you know you are getting a high-quality web trading system.

Review Summary Forex.com

Forex.com is a well-established market leading CFD broker with a good reputation, which is important in this industry.  They have a good selection of tradeable instruments including Shares, Indices and a huge selection of Fx pairs and Cryptocurrencies.  The system and platform are designed for simplicity and ease of use from the highly rated WebTrader software to the tight spreads.  If you are looking for direct ECN market access or the MetaTrader suite, then you may they may be your broker.

Open An Account With Forex.com

Read The Full Forex.com Review

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Alvexo Europe – Best Custom Platform For Ease Of Use & Best Customer Service

Alvexo CFD Broker Review & Comparison
In-Depth Alvexo CFD broker Review
Read The Full In-Depth Alvexo CFD Broker Review

 

Alvexo has been around since 2015 which makes it one of the newer CFD Forex Brokers in the industry.  This is reflected in the size of the number of instruments you can trade. However, they approach the customer in a very personalized and engaging way, unlike most brokers. 

Straight Through Processing (STP) and Electronic Communications Network (ECN) accounts also mean transparency for the client.

Alvexo Review SummaryPro’sCon’s
Platform Rating ★ Retail & Pro Accounts + ECN & STP✘ No ETF or Bond Trading
Execution Rating ★★★★★★ Choice of Spread or Commission✘ Crypto Trading Coming Soon
★ Direct Line To Account Exec
Open An Account★ 1 to 1 Training Included
★ MT4 Platform Available
★ 1st Class Customer Service

 

Types Of Accounts Available At Alvexo

Alvexo Account TypeClassicGoldECNPrime
Min First Deposit$250$5,000$5,000$10,000
Minimum Deal size0.01 lot0.05 lot0.05 lot0.25 lot
Spreads from3.3 pips2.2 pips0.0 pips1.8 pips
Leverage up-to (Retail Account)30:130:130:130:1
Leverage up-to (Pro Account)300:1300:1300:1300:1
Stop out level (Retail Account)50%50%50%50%
Stop out level (Pro Account)15%15%15%15%
Free Trading Signals
Technical Analysis
1-on-1 Support
Senior Account Executives Direct Line
Free Trading Signals – SMS
Economic Calendar – SMS
Technical Analysis Reports
Table 1: Service & Leverage Per Account – Alvexo

As you can see Alvexo are competitive across the board, the only decision you will need to make is the type of account you want.  Firstly you need to decide if you are a professional trader with years of experience trading or in the financial industry if you qualify you will be allowed higher leverage, up to 300:1 and a lower stop out level at 15%.  Proving you are a professional investor is a legal step all regulated brokers need to take.  But beware, being classified as a professional means you will not be subject to the regulatory protections put in place by CySec for retail investors.  For a Retail Trading Account, you are subject to greater controls on what you can trade and are restricted to lower leverage and stops for your own protection.

The key benefit that no other broker provides is the 1 to 1 support and the direct line to senior account executives. Many traders report being contacted by their account managers and assisted to learn the trading platform and helped to understand leverage, stops and account management.  This is priceless!

The personal touch with 1 to 1 support & account managers is a really excellent service from Alvexo and is the key differentiator as to why they are held in such high regard by their clients.

Forex

Alvexo offers a good selection of 54 foreign exchange (Forex or Fx) Pairs for Trading.  All the common pairs such as EUR/USD as EUR/GBP are covered, plus more exotic pairs such as NZD/JPN (New Zealand/Japan).  Leverage is available up to 30:1 but of course, the leverage available to you depends, as with all brokers, on your account balance and experience.  Leverage of 30:1 is for retail customers and if you qualify as a professional investor your maximum leverage can increase to 1:300.

Cryptocurrencies

Trading Crypto is hot right now, but Alvexo does not offer any Cryptocurrency pairs.  Alvexo states it is “Coming Soon”.

Share & Indices Trading

With a portfolio of 400+ tradeable shares, Alvexo offers a reasonable selection of stocks to trade.  You will have a selection of U.S. stocks and key stocks like BMW or Daimler from the DAX and other shares from the Euronext exchanges are covered.

In terms of Indices, all the major European and American Benchmarks are covered including the DAX, Nasdaq, Dow, CAC40, FTSE and the ASX, 9 in total.  Alvexo does not offer Options trading via CFD’s.

Commodities

For those interested in commodities, there are 7 to choose from, which is a little limiting if your focus is on commodity futures. The usual commodities like Oil, Coffee, Corn, Wheat, Copper, Sugar, and Gas are available.

Brokers Trading Platform

Alvexo aims to keep it simple and straight forward when it comes to choice of tools, you have the choice or Alvexo Web Trader or MetaTrader 4.  Of course, whichever desktop software you choose, you will still be able to trade from your tablet and smartphone. The MetaTrader 4 App has a 4-star rating on the Play store and in the Apple store 4.5-stars, which means you will get a great mobile trading experience. Ultimately you know you will be getting a solid and seamless experience however and wherever you choose to trade.

Alvexo Web Trader

You can use the Alvexo Web Trader platform which is easy to use yet very powerful, this will give most retail investors what they need with a minimal investment in training.  Simple “one click to trade” enables you to execute the trade quickly.  You have all order types available, so there is no pairing back of functionality with the online tool.  Naturally, you get streaming real-time quotes, but the best thing is that the orders are processed using Straight Through Processing (STP) which means the order goes straight to the top tier liquidity providers to optimize order (Bid/Spread) pricing and execution.  Alvexo may act as a liquidity provider but they are not the only ones.

Alvexo MetaTrader 4

If you want to operate an ECN account with direct market access you can utilize the best, MetaTrader 4. MetaTrader 4 will open up a world of automated trading and real-time streaming of news and events, it may take some time to work on your learning curve but it will be well worth it.  The ECN is worth its weight in gold because you trade directly in a pool with other traders without the middle man or Market Maker, this is how you get spreads close to 0.0, but instead, there is a transaction fee commission on the trade due to the costs of operating the ECN.  The ECN is not operated by Alvexo, it is operated by MetaTrader.

The Alvexo MetaTrader 4 Platform - Direct ECN Access
The Alvexo MetaTrader 4 Platform – Direct ECN Access

There are no costs associated with using the platforms available.

Powerful Signals

Alvexo provides trading signals as part of the package whichever account type you open.  They suggest that their signals are 88% accurate.  They are compiled twice per day and are designed to give you an idea as to what is moving and experiencing volatility in the market.  They also provide regular video updates.

Review Summary Alvexo

Alvexo is one, if not the highest rated and reputable CFD Forex brokers in the market.  A good reputation is important in this industry.  They have a good selection of tradeable instruments including Shares, Indices and a solid selection of Fx pairs.  The STP, ECN systems and platform are designed for simplicity and ease of use to benefit their customers with the tight Spreads or per lot charges in the ECN.  This is why they are one of the best of only five of our recommended brokers.  If you are looking for direct ECN market access with the MetaTrader suite with fantastic customer support, then you have found the right broker.

Read The In-Depth Alvexo Review

Open An Account

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Visit Trade.com

Trade.com – Great for trading CFD’s on European & US Stocks, Forex, Bonds & Commodities + Live Stocks Account For Direct Beneficial Ownership

Trade.com & parent company Leadcapital Markets are a relatively new CFD broker and has been around since 2013. Based in Cyprus, Europe, Trade.com are focused on enabling their clients access to a broad selection of tradeable market assets while using the best platforms around, Webtrader, MT4 & MT5 for pure stock trading. 

Straight Through Processing (STP) on the live stocks account also means direct market access, lightning quick execution and no conflict of interest.

Trade.com Review SummaryPro’sCon’s
Platform Rating ★ Retail & Pro CFD Accounts min balance $100✘ ZuluTrade or MyFXBook
Execution Rating ★★★ Live Stocks Account – STP Direct Stock Ownership
★ MT4, MT5 & Webtrader
Open An Account★ 2000+ Stocks & ETFs
Risk Warning: 71.36% of retail investor accounts lose money when trading CFDs with this provider.★ Bonds, Fx, Commodities

 

Types Of Accounts Available At Trade.com

CFD AccountsBASICCLASSICGOLDPLATINUM
Minimum Account Size$100$2500$10000$50000
Daily AnalysisMorning ReviewMorning ReviewMorning ReviewMorning Review
Desktop & Mobile Trader
Education Videos
24 Hour Customer Service
Webinars & Seminars
Dedicated Account Manager
Premium Daily Analysis
Signals & StrategiesTrading CentralTrading Central
Premium Customer Support
Table 1: Service & Leverage Per Account – Trade.com

As you can see, there are 4 accounts starting at Basic with only a 100 $/Eur minimum.  But if you deposit $2,500 you can open a classic account.  This is worthwhile because you will be assigned a dedicated account manager, this is recommended because starting out trading contracts for difference and utilizing margin can be complex.  It is people not understanding these complexities that often leave negative comments on ratings sites about CFD brokers.  With a dedicated account manager you will get free one to one time with that person who can provide guidance on how the accounts, margin, and CFD’s work, most importantly they can advise on good account management of your portfolio, so you do not fall into any traps.

The gold and platinum account will enable you to get complimentary access to Trading Central a 3rd party trading strategies, signals and research company.  Finally, with the platinum account, you will receive premium service levels and responses for support.

Trade.com Live Stocks Account

I reserve a section in this review to discuss the Live Stocks Account.  Recently introduced, the Live Stocks Account gives the client access to market liquidity, with key differences to a CFD account:

  1. You will be a beneficial owner of the stocks and ETF’s you trade in this account
  2. This account allows you to access & trade thousands of U.S., German, French & UK Stocks
  3. You are able to purchase & own U.S. exchange-traded funds (ETF’s)
  4. Using MT5 you will have direct market access (DMA) via Straight Through Processing (STP)

The Live stocks account is a Straight Through Processing (STP) account which enables direct market access, meaning you can buy or sell securities on all major global stock exchanges. This means the broker is not taking the opposite side of your trade therefore not trading against you.  Because it is an STP account you will pay a tight spread to fund the transaction with the liquidity providers.  It has an excellent selection of stocks and ETFs with low commissions.  The commissions range from 0.05 USD per share for volumes under 10,000 share per month, to 0.007 USD for more than 500,000 shares per month traded.  There is a minimum cost per trade of $1.50.

With this account, you get MetaTrader 5 for free.  The MetaTrader 5 platform is one of the most advanced and effective multi-assets trading platforms available.

Choose the account right for you. If you want to trade & own Stocks and ETF’s choose the Live Stocks account, if you prefer a broad selection of currencies, cryto’s and commodities choose one of the the CFD accounts

Forex Trading

Trade.com offers a huge selection of up to 62 foreign exchange (Forex or Fx) pairs for trading.  All the common pairs such as EUR/USD and EUR/GBP are covered, plus more exotic pairs such as NZD/JPN (New Zealand/Japan).  Leverage is available up to 300:1 for professional accounts and 20:1 for retail accounts.

Cryptocurrency Trading

Trading Crypto is hot right now, and Trade.com currently offer 4 Cryptocurrency pairs, Bitcoin, Dash, Ethereum & Litecoin.

Share, Indices & ETF Trading

As mentioned previously, you can trade stocks via a CFD account (Webtrader or MT4) or a Live Stocks (MT5) account.

In terms of ETF’s,  there are over 30, covering France, Germany, U.K and the U.S.A.  There are 26 different indices covered via CFD’s.

CommoditiesCommodity Trading With Trade.com

For those interested in commodities, there are 36 to choose from, which gives you the biggest selection of all the CFD brokers we have reviewed, so if your focus is on commodity futures then this is a good choice of broker. The usual commodities like Oil, Coffee, Corn, Wheat, Copper, Sugar, and all the metals are available.

Brokers Trading Platform

Trade.com aims to keep it simple and straight forward when it comes to choice of tools, you have the choice of WebTrader, MetaTrader 4  or MetaTrader 5.  Of course, whichever desktop software you choose, you will still be able to trade from your tablet and smartphone. The MetaTrader 4 App has a 4-star rating on the Play store and in the Apple store 4.5-stars, which means you will get a great mobile trading experience. Ultimately you know you will be getting a solid and seamless experience however and wherever you choose to trade.

Brief Video Highlighting The Trade.com Platform

Trading Forex CFDs on TRADE.com – USD

Watch The Video Overview

Risk Warning: 69.7% of retail accounts lose money

Trade.com WebTrader For MT4 & MT5

You can use the Web Trader platform which is easy to use yet very powerful, this will give most retail investors what they need with a minimal investment in training and no installation required.  Simple “one click to trade” enables you to execute the trade quickly.  You have all order types available, so there is no pairing back of functionality with the online tool.  Naturally, you get streaming real-time quotes.

Powerful Signals & Research For Clients

Trade.com provides complimentary access to Trader Central a respected 3rd party service for gold and platinum account holders, for this you will need an opening balance of $10,000.  Email and video trading signals and analysis through Trading Central are focussing on specific high probability setups.

Trade.com also provide daily market update videos filmed directly from their head office trading floor and are provided in English, German, Spanish and Italian languages.

Their various youtube channel host thousands of educational and market update videos and their own private channels for registered clients provide daily briefings.  They also have live webinars and have a good selection of training videos and resources.

Open An Account With Trade.com

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Best CFD Trading Platforms Summary

Any of these 6 great brokers are a good choice. Are you a professional power trader then you are covered with Vantage FX, IC Markets & Admiral Markets. Are you an experienced trader with a large portfolio, then Forex.com could be an additional option + it is available in the USA. If you want a great broker with powerful easy to use tools and the best customer service with a direct line to a senior account manager for assistance, then Alvexo or Trade.com are great choices.

CFD Risk Notice ESMA & FCA Risk Warning - "CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts may lose money when trading CFDs with any provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk"

We thoroughly background check the brokers we recommend and only list reputable trustworthy companies.  Read our tips to perform your own background checks, and test a broker after you sign up. You can perform your own check easilly. LiberatedStockTrader.com accepts no responsibility for your experience with any broker.
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Learn About The Best CFD Trading Platforms

A demanding CFD & Forex Trader will require the best portfolio of tools to execute their trades.  The best software tools in the industry are as follows.

Metatrader 4 – MT4 is the industry standard for any self-respecting broker.  Extremely powerful charting, chart indicators, and technical analysis combined with off the shelf studies or expert advisors to start to build a system are critical.  Expert Advisors (EA) are developed using the MQL4 language and can be used to build orders, execute orders based on the technical indicators you select for your system. MT4 connects through your broker’s infrastructure to the electronic communications network (ECN) for execution.  Stable, secure and supporting many languages, this is the core tool of choice for CFD and Forex trading.

MetaTrader 5 – MT5 is the next generation of MetaTrader, improving the ability to manage and move between multiple accounts operating different trading strategies.  You may choose to have an account running a scalping program which arbitrage the difference in prices between different markets or liquidity providers and have another account that performs discretionary trading staying longer in a trade based on technical analysis, MT5 can handle it all.

MetaTrader VPS Hosting – it is great to have MetaTrader, but is you are running a 24/5 automated algorithm trading in the markets, you might want your machine hosted closer to the actual exchange or ECN so that trades are executed quicker and so that the machine can run non stop with reliability that your home PC cannot manage.  Then you will need a Virtual Private Server (VPS).  Typically these machines sit in a datacenter on a high-speed network and run non-stop.

MT WebTrader – If you are not at your desk on your main workstation you will want to have access of the web to a cloud-based version of MetaTrader, this is where MT WeTrader comes in.  You should have access to all your EA’s studies and Algorithms wherever you are.

ZuluTrade – ZuluTrade is a social trading platform that enables the auditing of trader successes in terms of profits, loss, and risk.  You can use ZuluTrade to see the performance of other traders and choose to invest a certain amount of your money with them  When you do this your trades will copy theirs automatically.  Select the right winning traders according to your trading philosophy and you could make money.

MyFxbook – MyFxbook is useful if you are a trader who wants to get noticed and attract capital investment from others.  It enables you to log, track and analyze your trades and ROI, but also enables you to publish your track record to attract potential investors.  Packed with advanced analytics and a helpful community, if you want to make a name for yourself this could be a great tool.

cTrader – cTrader is another huge step forward in the automation of trading.  Using cTrader Copy, You can develop and run trade automation algorithms and similar to ZuluTrade you can also become a Strategy Provider, publish your strategy and claim a fee whenever anyone uses your strategy.  You can, of course, follow other Strategy Providers.

Mam / PAMM – These integrations are strictly aimed and portfolio and fund managers operating in the Foreign Exchange and CFD markets that operate multiple accounts.  If you connect to and manage trading and investments for clients using their accounts, or need to assign client money to specific traders, then this is the infrastructure you need.

Mobile Software – Last but not least mobile software.  Most of our featured brokers you the highly rated MT Mobile Apps.  Why develop your own when you can use the tried and tested mobile trading environment of MetaTrader.  A rapidly increasing amount of trades are conducted via smartphone or tablet every year, so do not underestimate the importance of mobile software.

Learn About Platform Trading Conditions (Spreads, Commissions, Execution)

You want the best suite of platform tools, but you also want great trading conditions, this means excellent trade execution and the lowest possible spread and commissions.  As an experienced trader, you also need to know if the brokers allow scalping, arbitrage trades and high-frequency trading (HFT).  Add to that algorithmic trading and you have the complete package.

Trade Execution Types

Market Maker / Dealing Desk – A Market Maker or Dealing Desk is a broker that takes the other side of your trade, when you sell they are the buyer, and when you buy they are the seller.  Because they are using their own liquidity when you make a profit, they make a loss.  This gives rise to a potential conflict of interest, especially with poor brokers who do not manage that risk properly. You should avoid Market Maker brokers.  Some brokers offer a hybrid model of dealing desk, plus market execution, such as Forex.com in the review above, this is OK providing you select the ECN account.

Non-Dealing Desk – The non-dealing desk broker is the best choice for traders, brokers who offer this service allow your trade to be fulfilled on the open market.  There are two types of market execution STP and ECN.

  • Dealing Type STP – Straight Through Processing (STP) means the brokers will form a pool of liquidity providers who compete for your trade.  This is better than the market maker model because although your brokers might be providing liquidity also they are not alone.  A good STP broker will allow free competition in its liquidity pool to allow you to see the best bid and ask prices possible.  Spreads are much tighter with the STP model so better for the trader.
  • Dealing Type ECN – Brokers providing Electronic Communications Network (ECN) accounts are essentially routing all your orders directly onto the ECN.  The ECN is a global network or hub connecting the biggest banks, hedge funds such as UBS, Nomura, Credit Suisse, HSBC, Bank of America etc.  They all compete for your trade and because of this competition you can often get a spread of 0.0 or 0.1 on major fx pairs.  Because of the super tight spreads, there is usually a commission charge to conduct an ECN trade, it could be $1 per thousand shares or $5 per trade what whatever th trade size.  Brokers vary, but the ECN & STP models are definitely preferential over a dealing desk broker.

Scalping & High-Frequency Trading (HFT) – If you intend to use a scalping style of trading, meaning you take advantage of small moves in the underlying price of an asset in many bursts of trades then you need an ECN account.  Market Makers or Dealing desks prohibit this type of trading.  Always refer to the “Trading Conditions” document that each broker must maintain.  High-frequency trading is usually automated trading that seeks to exploit differences in bid and ask prices amongst different liquidity providers.  Approximately 90% of all volume trades on the US stock exchanges are conducted by HFT robotic algorithms today.  So you will really need to know what you are doing to compete with the already existing algorithms.

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