Forex and CFD Brokers Hungary
In Hungary, the financial regulatory authority is the Magyar Nemzeti Bank (MNB), also known as the Hungarian National Bank. The MNB is the central bank of Hungary and is responsible for maintaining price stability, ensuring the stability of the financial system, and promoting the sound operation of financial markets.
CFD stands for Contract for Difference. It is a popular derivative product that allows traders to speculate on the price movements of various financial instruments without owning the underlying asset. CFDs provide an opportunity to profit from both rising and falling markets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.