What is the difference between Forex and CFD Currency Trading?

[David Carter 0]

Or are they the same thing? They seem so similar, but my broker (Jones Mutual) offers both, so what is the difference and which one is better?

[CrazyCzarina 17]

CFD stands for Contract for a difference. It is an agreement between two parties to exchange the difference between the opening price and closing price of a contract. The reason CFDs are used is that they make global access cheaper and there is the chance to move in and out a position very swiftly.

[mukti 0]

The biggest difference between a CFD and a forex contract is the fact that CFD's cover a diverse range of markets. While forex is limited to the currency markets, CFD contracts can range from a stock CFD, commodity CFD or indices CFD. ... With forex, the lot size is uniform regardless of whether you trade EURUSD or USDCAD.

[Emma Bunton 1]

Forex and CFD trading might seem similar and traders can often confuse themselves in figuring out which is a better market to start trading.

BUt I like to trade forex and i think forex is best for regulation and security 

[CrazyCzarina 17]

The key point of dissimilarity between forex trading and CFD trading would be that while forex is considered to be limited to just currencies, CFD contracts would be consisting of a broader range of assets.

[aimhi 10]

I am interested only in trading currencies and most importantly major currency pairs which have less spreads as compared to the exotic pairs.