Is FOREX currency trading on MT5 considered CFD or not?

[samdz]

Hello,

I am a newbie to the FOREX world and I am really lost and i want straight to the point answer regarding one issue.

currently I am doing currency trading on MT5 with XM Broker.

is my trading considered direct trading or is it just CFD?

I appreciate your answers.

[Sergey Golubev]

It is related to the broker:
one broker is proposing some symbols to trade, the other broker is not proposing some symbols, next broker is proposing the Oil to trade, and so on.
read post #4 for more information.

You should find the broker which is proposing some symbol (discussion about the brokers is prohibited on the forum so you should find it by yourself sorry).

[Eleni Anna Branou]

samdz:

Hello,

I am a newbie to the FOREX world and I am really lost and i want straight to the point answer regarding one issue.

currently I am doing currency trading on MT5 with XM Broker.

is my trading considered direct trading or is it just CFD?

I appreciate your answers.

Normal forex trading it is CFD trading.

When you buy or sell some instrument, you actually buy/sell a CFD for that instrument, any broker can confirm that.

I had the same question some years back.

[samdz]

Eleni Anna Branou:

Normal forex trading it is CFD trading.

When you buy or sell some instrument, you actually buy/sell a CFD for that instrument, any broker can confirm that.

I had the same question some years back.

Thanks it clear to me now. I have found out that Share trading give you ownership but it is only limited to stocks :'(

Do you mean by "Normal forex trading " that there is another way to trade Forex where I can actually own the currency???

[Eleni Anna Branou]

samdz:

Thanks it clear to me now. I have found out that Share trading give you ownership but it is only limited to stocks :'(

Do you mean by "Normal forex trading " that there is another way to trade Forex where I can actually own the currency???

No, for us retail players there isn't.

[Osiris]

All retail FX is CFD