CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Leverage can significantly increase your profits, but involves greater risks to your capital. If you are new to trading, we advise you to lower your leverage until you are confident in your trading strategy. If the currency underlying a trade moves in a direction you were not expecting, leverage will greatly increase your potential losses.
To reduce the risk of losses, we advise you to adopt a strict trading style that includes the use of stop and limit orders.