Demo accounts will allow you to get used to the trading platform
(and broker) before you commit to opening an account but some
brokers allow you to trade with real money but in very small size
so that you get used to trading with your hard-earned cash and to
the emotions that go with it!
View all CFD brokers offering demo
CFD brokers can offer Direct Market Access (DMA) accounts but it
will cost you to receive this service so consider whether you
really need this before signing up.
Read more about Direct Market Access
Some CFD providers have moved away from the DMA trading model
and have instead become market-makers: where the broker makes the
price and takes all orders onto their own book.
Market making companies will act as a counter-party to your
trades (Spread betting and CFDs) so if you're comfortable with this
relationship these are cost effective accounts to look at as they
rarely come with the data charges associated with DMA trading
In these circumstances you (the trader) may find that the price
being offered by the market-maker (the broker) differs slightly
from the actual market price. However, it is unlikely the price
will differ too much as this would create opportunities for
'arbitrageurs' to trade with both the exchange and the market-maker
at prices guaranteeing a profit!