Top CFD Brokers - Contract for Difference (CFD) Brokers for 2024

We found 11 online brokers that are appropriate for Trading CFD.

CFD Brokers Guide

Analysis by Andrew Blumer, Updated and fact checked by Senad Karaahmetovic, Last updated - April 13, 2024

CFD Brokers

CFD brokers are financial companies that allow individuals to trade Contracts for Difference (CFDs) on a range of financial instruments such as stocks, indices, currencies, crypto, ETFs and commodities. CFD trading enables traders to speculate on these instruments' price movements without owning the underlying asset.

When a trader opens a CFD position, the broker pays the difference between the opening and closing price of the underlying asset. If the price moves in the trader's favour, they make a profit, but if the price moves against them, they lose. CFD brokers provide traders access to global markets and allow them to trade with leverage.

CFD trading platforms generate revenue by applying a spread, the gap between the sell and buy prices of the asset in question. Additionally, they might impose commission fees and costs for financing positions that remain open past the daily close.

It is important to note that trading in Contracts for Difference (CFDs) comes with a significant risk factor and might not be appropriate for every investor. Before engaging in CFD trading, traders should consider their trading objectives, experience level, and risk appetite.

Best CFD Brokers

IC Markets

IC Markets Screenshot

As a seasoned trader, I've seen my share of platforms, but IC Markets stands out, especially for those of us who thrive on the adrenaline of high-frequency trading in the CFD realm. What sets IC Markets apart is its razor-thin spreads and lightning-fast execution, a boon for scalping and day trading where every millisecond and pip count. With a wide array of instruments at your fingertips and stringent regulation by heavyweights like ASIC and CySEC, you're not just getting a reliable trading platform; you're getting a fortress safeguarding your trades. This is the arena for the serious trader who demands the best tools to execute sophisticated strategies.

CFD Leverage at IC Markets

The amount of leverage available for CFD trading with IC Markets depends on the underlying asset and your regulatory jurisdiction.

Retail Traders

Professional Traders

Professional traders may be eligible for significantly higher leverage limits, potentially reaching 500:1 or even 1,000:1 for some products. However, qualifying as a professional trader comes with stricter requirements and carries substantial risks.

Important Note: Using leverage can amplify both your **gains and losses**. Ensure you fully understand the risks involved before using leverage in your trading.

eToro

eToro Screenshot

eToro is a fascinating beast in the jungle of CFD trading. It's a platform where the novice can stand on the shoulders of giants, thanks to its pioneering social trading and CopyTrading features. Imagine being able to mirror the moves of seasoned traders, learning the ropes while your capital is at work. With a user interface that's as friendly as a seasoned trader's advice and the backing of stringent regulation, eToro isn't just a platform; it's a community. A place where over 30 million users converge, share, and grow together. For the newcomer eager to dive into the world of CFD trading, eToro is your gateway.

eToro CFD Leverage Options

For the seasoned traders exploring eToro's platform, a nuanced array of leverage options awaits, designed to align with the sophisticated needs of both institutional and high-net-worth individuals, while also navigating the intricate tapestry of global regulatory frameworks. Here's an insight into the leverage dynamics at your disposal:

Advanced Retail Trading:

Australian Professional Clients:

Leverage offerings parallel those for retail traders, meticulously adapted for asset-specific exposures.

U.S. Market Nuances:

Direct Asset Engagement:

RoboForex

Roboforex Screenshot

RoboForex might sound like it's all about automation, but at its core, it's a platform that respects the craft of trading. Compatible with the stalwarts of trading software, MT4 and MT5, it offers a flexible technological canvas for those who've moved beyond the basics. Speed is of the essence in CFD trading, and RoboForex delivers with rapid execution that lets you capitalize on market movements in a heartbeat. However, tread carefully with its high leverage options; they're a double-edged sword that can amplify both wins and losses. RoboForex is your platform if you're ready to take your trading to the next level with a tool that matches your experience.

RoboForex CFD Leverage

The leverage available for CFD trading at RoboForex depends on the account type you choose. Here's a breakdown:

Account Type Maximum Leverage (Forex) Maximum Leverage (Other Assets)
Pro, ProCent 1:2000 Varies
ECN 1:500 Varies
R Trader, Prime 1:300 Varies
Standard, Cent 1:2000 Varies

Important Notes:

XTB

XTB Screenshot

In the world of CFD trading, knowledge is more than power—it's profit. XTB understands this, which is why it pours immense resources into trader education and market analysis. This is not just a platform; it's a learning hub where your trading acumen can grow, supported by a suite of tools designed to provide deep insights into market dynamics. With XTB, you're not just making trades; you're understanding them, thanks to a commitment to regulatory standards that ensure a secure, transparent trading environment. For those who value wisdom in their trading journey, XTB is a mature CFD trading platform.

XTB CFD Leverage Options

XTB offers different leverage levels depending on the trader's location and the instrument being traded. Below is an overview of the leverage options available with XTB:

Region Leverage for XTB Retail Clients Leverage for XTB Professional Clients
EU/UK Up to 1:30 Up to 1:500 (for eligible clients)
Non-EU Up to 1:500
Middle East and North Africa (MENA) These clients can access XTB MENA Limited, regulated by the Dubai Financial Services Authority (DFSA). The maximum leverage for these clients is 30:1.

Note: Leverage amplifies potential profits but also increases the risk of losses. Traders should use leverage cautiously and be aware of the terms and conditions associated with its use on the XTB platform.

XM

XM Screenshot

XM shines in the realm of customer support and instrument variety, making it a sanctuary for traders navigating the volatile seas of CFD trading. What sets XM apart is not just its adherence to regulatory norms but its unwavering commitment to supporting its traders, ensuring you're never left adrift. With a suite of tools and a responsive team ready to assist, XM is more than a platform; it's a partner in your trading journey, ensuring that each trade, whether a win or a loss, is a step towards your growth as a trader.

XM offers various leverage options depending on the financial instrument and the trader's region. Leverage is a tool that allows traders to control larger positions with a smaller amount of actual capital. It's crucial to understand the leverage settings because they can significantly impact the potential profit or loss of a trade.

Here's a summary of the CFD leverage options available with XM:

For XM CFD Clients under XM Global (IFSC):

For XM CFD Clients under XM Australia, XM UK, XM Cyprus, and XM Dubai:

It's important to note that leverage can amplify both gains and losses, so it should be used cautiously. Traders should always consider their risk tolerance and trading strategy when choosing their leverage level​​.

AvaTrade

AvaTrade Screenshot

AvaTrade distinguishes itself with its versatility, offering a plethora of funding and withdrawal options to fit the eclectic needs of CFD traders. Its mobile app, AvaTradeGo, and the social trading platform, AvaSocial, are game-changers, weaving convenience with community. Here, trading is not a solitary journey but a shared venture, enriched by a diverse selection of instruments and a commission-free structure that puts more of your hard-earned profits in your pocket. AvaTrade is the choice for the trader who values flexibility, community, and cost-efficiency in their trading toolkit.

Leverage Limits for CFD Trading with AvaTrade

The leverage available for CFD trading with AvaTrade varies by region and financial instrument type due to regulatory differences. Here's a summary of the leverage limits based on the type of CFD and the top-tier regulators overseeing AvaTrade, specifically CBI in Ireland and ASIC in Australia:

It's important to note that these leverage limits are designed to protect retail investors and can significantly impact the potential profits and losses from CFD trading. Higher leverage can lead to greater potential returns, but it also increases the risk of significant losses. Therefore, it's crucial to understand and manage the risks associated with leveraged trading. AvaTrade does not provide the option to manually adjust the leverage level set by default, so traders need to use other risk management tools to mitigate their risks.

FP Markets

FP Markets Screenshot

FP Markets is where technology meets trading, offering the revered MetaTrader 4 and 5 platforms, but with a twist—enhanced features that elevate your trading efficiency. It's not just about the platforms; it's about how FP Markets optimizes them for your success. With competitive spreads and a smorgasbord of trading options, FP Markets is where strategy meets opportunity, allowing you to tailor your trading approach with precision. For the trader who demands the cutting edge in technology without sacrificing cost efficiency, FP Markets is your digital arsenal.

FP Markets CFD Leverage Options

FP Markets offers a range of leverage options for CFD trading that vary by financial instrument and the region in which the trader is based. The available leverage limit depends on the regulations of the country or region and the type of financial instrument being traded.

The upper leverage limit for major Forex pairs offered by FP Markets is 30:1. For gold commodities, minor Forex pairs, and main indexes like the NASDAQ, the leverage is up to 20:1. Non gold commodities and minor indices can be traded with up to 10:1 leverage, while individual stocks have a maximum leverage of 5:1. Cryptocurrencies are offered with a leverage of up to 2:1.

It's important to note that these leverage limits apply mainly to retail traders and are set by top-tier regulatory authorities such as ASIC in Australia. Professional traders may be eligible for higher leverage ratios, potentially up to 500:1 or even 1,000:1 for some products, but this comes with increased risks and is not recommended for all investors.

CFD trading with FP Markets allows for speculation on the price movements of various underlying assets, including stock CFDs, stock index CFDs, and commodity CFDs. Key aspects of trading CFDs with FP Markets include the flexibility to trade with leverage, access to a wide range of markets, and the ability to take both long and short positions.

When considering CFD trading with FP Markets or any other broker, it's crucial to understand the associated risks, especially those related to trading with leverage. While leverage can amplify profits, it can also magnify losses, making it essential to have a solid understanding of risk management practices and to trade responsibly.

Pepperstone

Pepperstone Screenshot

Pepperstone is a stable CFD broker for traders seeking low spreads and uncompromised execution speed, especially in the high-stakes world of CFD trading. Their commitment to providing state-of-the-art trading tools and a robust educational platform speaks to their understanding that a well-informed trader is a successful one. The emphasis on technology and trader empowerment makes Pepperstone not just a broker but a partner in your trading aspirations, ensuring you have the edge in the fast-paced trading environment.

Pepperstone CFD Leverage Overview

Pepperstone offers different leverage levels for CFD trading depending on the client's location and the type of financial instrument being traded. Below is a summary based on the regions and financial instrument types:

Advanced Leverage Options for Seasoned Traders with Pepperstone CFD, regulated by ASIC (Australia) and SCB (Bahamas):

Specialized Leverage Structures for Veteran Pepperstone CFD Traders within the CySEC Jurisdiction (EU/EEA):

For Clients under DFSA (Dubai):

Leverage details specifically for DFSA-regulated clients were not mentioned, but it's likely similar to those offered under ASIC and SCB, with specific adjustments based on DFSA regulations.

For Professional Clients:

Under certain regulations like CySEC, professional clients can access higher leverage, up to 500:1 for forex and many other instruments.

It's important to note that leverage can significantly increase both potential profits and losses. The exact leverage available may vary based on the specific product being traded and market conditions. Retail traders, especially, are subject to lower leverage limits to protect against the high risk of losses associated with leveraged trading.

CFD Definition

A CFD, otherwise known as a contract for difference, is a type of trading strategy that involves leverage to trade on investments like stocks, currency, stock groups known as indexes, commodities, and more. In other words, the trader trades a contract following that asset's value instead of trading an asset directly.

CFD trading lets traders buy more than they deposit with their broker. For instance, if an investor deposits £1000 on a CFD trade and the trading platform lets them trade with leverage on 20:1. The trader's exposure to the market and the amount they can spend on financial assets will be £20,000.

The trader owns no financial assets when trading a CFD. In this case, they are dealing directly with the broker. These high-risk trades speculate on financial asset's up and down price movements. If the trade goes in the investor's favour, they keep the profits. If the trade fails, the trader may owe the broker more than their deposited amount.

Professional traders can use CFD trades (since it might be a bit complicated for beginners) to hedge their losses of other items in their financial portfolios. This type of trade, however, is still high risk.

A CFD is a deal between two parties where both agree to the paying opening and closing price difference of an asset or a market. No party owns the real asset.

As you do not own the asset or product while trading when trading a CFD, in simple terms, it is just speculation on the movement of the asset's price, either up or down. A CFD contract where you expect the price to decrease is called a short CFD or short selling. A CFD contract where you expect the price to go up is called a long CFD or going long.

What Is Leverage? How Does It Work?

Leverage involves using funds of the broker to amplify potential returns from an investment. It enables traders to open larger positions in the market than their own capital would otherwise allow. By magnifying both potential profits and losses, leverage can significantly impact the outcome of trades.

When a trader decides to use leverage, they essentially borrow money from a broker to invest in a financial instrument, such as stocks, forex, or commodities. This process starts with the trader making a deposit, known as the margin, which acts as collateral for the borrowed funds. The ratio of borrowed funds to the margin is what determines the level of leverage. For example, a leverage ratio of 10:1 means that for every of the trader's own money, they can control a position worth .

The key advantage of leverage is that it can enhance profits from successful trades. However, it also increases the risk because losses can exceed the initial investment. 

Leverage is a powerful tool in trading, but it requires careful risk management. Traders need to be aware of the potential for rapid losses and plan their trades accordingly, often using stop-loss orders to limit downside risk. The use of leverage should align with the trader's risk tolerance, trading strategy, and understanding of the market dynamics of the asset being traded.

What Are The Different Kinds Of Leveraged Products?

Most leveraged trading makes use of derivative products. The CFD trader trades an instrument that gets its value from the price of the original asset instead of owning the actual asset. The core leveraged products are:

Tradable CFDs on IC Markets screenshot

CFDs

As already discussed, CFDs are widely used in the financial industry to refer to this type of trading instrument. 'Contracts of Difference' is a less common term that may be used interchangeably with CFDs, but CFDs is the more commonly used term.

Spread Betting

Spread betting is a bet on the proposed direction of a market. Spread betting earns the trader more profit if the market happens to move in its chosen direction, and if the market moves the other way around, the trader will suffer a loss.

Leveraged ETFs

Leveraged ETFs aim to deliver multiples of the daily or monthly performance of the index or benchmark they track. For example, a 2x leveraged ETF seeks to double the daily performance of its underlying index. They are used by traders looking to amplify their returns on daily index movements without directly using margin or derivatives.

Margin Trading

This involves borrowing money from a broker to trade a financial asset, which becomes the collateral for the loan from the broker. It's widely used in stock, forex, and futures trading, allowing traders to open larger positions than their capital would otherwise permit.

Options

Options grant the buyer an option, without the mandatory commitment, to acquire (via a call option) or dispose of (via a put option) a specified asset at a predetermined price until or on a designated date. Traders use options to speculate on the price direction of an asset with a relatively low upfront investment, potentially achieving significant leverage.

Futures Contracts

Futures are standardized contracts to buy or sell an asset at a predetermined price at a specified time in the future. They are used by traders to speculate on or hedge against future price movements of the asset, with leverage naturally built into the contract since only a fraction of the contract's value (the margin) is required upfront.

Which Markets Can Leverage Be Used On?

Some markets where traders can use leverage are:

CFD Indices

A mathematical depiction of the performance of a group of assets from a certain area, region, exchange, or sector. Since indices are not considered physical assets, you can only trade them through products that reflect their price movements. These include EFTs (Exchange-Traded Funds), CFD trade, and spread betting.

CFD Shares

A unit of ownership for a certain company normally bought and sold on the stock market. Traders can use leveraged products for opening positions of several thousand shares. These include blue-chip stocks like Facebook and penny stocks.

Forex CFDs

Forex, or foreign exchange, is the buying and selling currencies to make profits. Forex is the most popular financial market on a global level. The comparatively small movements in Forex trading mean many opt for using leverage.

Commodity CFDs

The commodity markets are some of the world's oldest financial markets. Commodities markets include crude oil, natural gas, gold, silver, coffee, natural gas, wheat, cotton, corn, and sugar trading.

Modern traders have the option of trading commodities through leveraged trades using commodity CFDs.

Trading commodities using a contract for difference with your CFD broker allows you to trade with a lower funded capital amount than your exposure to the commodity you are trading. A commodity CFD for example, allows a trader to trade on both the price of crude oil increasing and falling.

Crypto CFDs

Trading in cryptocurrency CFDs is prohibited in the United Kingdom. The UK financial regulator, the FCA, has banned the sale of crypto derivatives to retail traders.

With cryptocurrency CFDs, the trader does not own the digital currency. A cryptocurrency CFD trader speculates on crypto-asset price movements increasing or falling in value to make a profit.

Cryptocurrency prices are considered to be volatile. A crypto CFD trade's leverage feature may offer the potential for increased profits but equally offers the potential for increased losses. Financial Conduct Authority, regulated trading platforms, cannot offer crypto CFD trades to UK residents. Other countries may allow you to trade crypto CFDs, but you must understand the risks and what you are doing. Crypto CFDs are high-risk.

What Do CFD Trading Platforms Look Like?

CFD trading platforms are software applications that allow traders to access global financial markets and execute trades on various financial instruments, such as stocks, indices, currencies, and commodities. CFD brokers typically provide these platforms and can be accessed from a desktop computer or a mobile device. The appearance of CFD trading platforms can vary depending on the broker, but most share similar features and functionalities.

CFD trading platforms aim to provide traders with a user-friendly and intuitive interface that makes it easy to navigate through various features and execute trades quickly and efficiently.

For seasoned traders navigating CFD platforms, expect to engage with the following advanced features:

What Kinds Of Investors Deal In CFDs?

CFD investors are diverse, encompassing speculators, hedgers, day traders, swing traders, and arbitrageurs. Speculators aim to profit from predicting market movements without owning the underlying assets. Hedgers use CFDs to offset potential losses in their investment portfolios, mitigating risk.

Day traders engage in frequent, short-term trades to capitalize on small price changes, while swing traders take positions for days or weeks to benefit from market trends. Arbitrageurs seek to exploit price discrepancies between related financial instruments. Each type of investor leverages CFDs according to their trading strategy, risk tolerance, and financial goals, making CFDs a versatile tool in the financial markets.

Are Investors Required To Have A Higher Knowledge Of CFD Trading? Is CFD Time-Consuming?

The fundamental principles of investing do remain the same with CFD trading, however, in the sense that the investor's objective is to earn revenue from the price movements of a certain financial tool.

CFDs are not more time-consuming compared to traditional share trading. It can take up less time since most traders depend on charts, in contrast, to read through financial reports to make trading decisions.

Despite that, traders need to understand the risks before moving forward. CFDs trade using high-risk leverage, and any losses encountered are bound to be magnified. The CFD trader could lose a lot more than their initially deposited capital. The risk is the most significant aspect for a trader to comprehend before going into trade CFDs. Traders must take risk management precautions like position sizing as well as placing stop-loss levels can also be utilised.

The Advantages Of CFD Trading

From having access to a large range of markets to flexible short-term trades, it is easy to understand why CFD trading fares the way it does. Following are the reasons why it is a good idea to trade CFDs:

The Ability To Benefit From Falling Stock Markets

As mentioned earlier, the core difference between conventional and CFDs is that the trader never owns the underlying market. CFDs have several benefits, including the ability to go short and long.

To initiate a short CFD position, the trader sells their chosen number of contracts besides buying them. After that, they invest in the same number of CFDs when they wish to close their trade. CFD short trading allows traders to earn profits when market values fall, adding another layer to an investor's trading.

The Freedom To Keep One's Capital

Yet another benefit to not owning the assets an investor is trading is leverage. Leverage allows traders to open positions without the need to pay for their value; they instead pay a deposit called the trader's margin.

This is effective because the trader is only speculating on the price movements of stock markets instead of buying them.

Similarity To Conventional Trading

CFDs are not the only way traders can trade financial markets without buying assets. Plenty of other derivatives include spread betting, options, and futures.

Anyone more acquainted with traditional trading and investing will notice that CFDs are more familiar than those other derivatives. With CFD trading, a trader only buys and sells contracts to reflect the assets they represent.

To set their position size, traders determine how many contracts they purchase or sell.

The Option To Trade Indices, Shares, And Forex

CFD Brokers often provide access to many asset classes. This way, investors are not limited in terms of what they can trade.

Hedging With CFDs

CFDs can be used by traders to achieve short positions. Aside from being able to profit from falling markets, this can be a great way for traders to offset the risk brought about by negative actions in their investment portfolio.

With the help of CFDs, traders can open short positions on the company shares that concern them. This way, any negative actions in their portfolio only earn them profits from their CFD position, offsetting the loss. However, if the company stocks start climbing again, the trader could lose their CFD position.

Optimizing CFD Trading Tax Efficiency

For the seasoned trader, a notable advantage of engaging in transactions without holding the underlying asset is the exemption from UK stamp duty. This strategic approach can lead to significant savings on your annual tax obligations.

It's important to remember, though, that tax regulations are subject to modifications and are contingent upon your personal financial situation. Seeking bespoke financial counsel is advisable in such matters.

In essence, trading Contracts for Difference (CFDs) opens the door to a broad spectrum of markets, including equities, forex, and commodities. The process to get started with a CFD broker is streamlined, ensuring you can begin trading posthaste. Leveraging CFDs can amplify your investment's potential returns, albeit with increased risk.

CFD trading platforms are designed for efficiency, with high-speed networks ensuring your trades are executed instantaneously, minimizing the risk of slippage. While trading costs with CFDs are generally lower compared to traditional brokerage services, it's critical for astute traders to meticulously compare the fees across different brokers to ensure optimal trading conditions.

CFD Disadvantages

CFD trading is high risk. You may lose the entire balance and more due to the margin leverage not going in your favour. Leverage goes both ways. Holding positions for a longer period means an additional fee is to be paid to some CFD brokers. Please check your region, but the profit made on trade is taxable in many countries. Here are some key disadvantages for traders.

High Risk and Leverage

CFDs are leveraged products, meaning traders can control bigger positions with a smaller amount of capital. While this can magnify profits, it also amplifies losses, potentially exceeding the initial investment.

Market Risk

Like any investment, CFDs are subject to market volatility. Prices can move rapidly against the trader, leading to significant losses.

Overnight Margin Considerations

Experienced traders understand that maintaining an open CFD after market close subjects the position to overnight interest fees, a critical factor that can significantly impact the bottom line for enduring trades.

Spread Costs

The difference between the buy price and the sell price (spread) can be wider than in the underlying market, affecting entry and exit prices.

Regulatory Risks 

CFD trading is not permitted in some countries due to its high-risk nature. Traders need to be aware of the legal and regulatory environment in their jurisdiction.

Counterparty Risk

Since CFDs are over-the-counter (OTC) products, traders are exposed to the risk associated with the financial stability of the CFD provider. If the provider fails, traders may lose their investment.

Lack of Ownership

Traders do not own the underlying asset when trading CFDs, limiting certain benefits like voting rights and dividends.

Psychological Risks

The ease of entering and exiting positions, combined with high leverage, can lead to overtrading or emotional trading decisions.

CFD Trading For Beginners

Beginners who want to start trading with CFD brokers must have a solid understanding of CFDs. Many reputable brokers offer educational resources to help you understand CFD trading.

Following some below steps is a good start when trading CFDs:

CFD Market Selection

Choosing the right market is important, like commodities, currencies and bonds. It is strongly recommended to go for a market that you understand and has some experience with.

With CFD trades, It is possible to trade multiple assets with added leverage without having ownership of the underlying asset. CFDs make it possible to trade the price movement of financial assets without creating a share dealing account to buy a share or have any control of stock. CFDs are used on many financial asset types, not just stocks.

CFDs also make it possible for traders who do not want to trade with large capital to utilise leverage to have greater exposure to the market than their deposited amount. Through CFDs, you can trade on margin.

Normally, with a CFD, you can use a 10% margin for live trades. For instance, if your balance is only £100, you will have the right to execute a £1000 trade without any problems. Your CFD deal or contract is with the broker. You will want to join the right platform to get value for money.

As you browse online, you will discover a lot of CFD brokers offering the same services. Choosing one can be a difficult task.

Commodity Research Tools When Buying and Selling CFDs

The best CFD brokers have financial analysis tools that allow you to research commodity prices. Only buy or sell a CFD after extensive research and your due diligence. When you see the price in real-time on a CFD platform in your brokerage account, the first price is the selling price, and the second is the buy price.

CFD Trade Size

CFD brokers usually require a minimum margin; for example if the margin is 5%, you need to have a fund of just £100 for a £2000 position.

Stops And Limits

When trading with a CFD broker, limit your losses and help secure your profits. You can implement features called 'stop losses' or 'limit orders.' Stop losses and limit orders allow you to manage your exposure risk while trading with a CFD. If you set a stop loss to 5% below the price that you brought a CFD at, the stop loss will limit your loss to 5%.

Focus On Trustworthy, Reliable, And Safe CFD Brokers

You assess the CFD broker in many ways but will want to prioritise your safety over everything. Like many other traders, safety is paramount in choosing the CFD broker. The CFD trading platform should have good security, protecting all the traders joining the site.

You will have better chances when you choose the CFD platform with licenses and certification to operate. The regulated CFD platforms are much better than providers without any regulated proof.

The Financial Conduct Authority will list only trustworthy and reliable regulated platforms. Under the Financial Conduct Authority, the CFD brokers must ensure up to 85,000 euros ensure their clients' invested funds. The regulator will monitor the practices of CFD platforms 24/7. So, you will not need to worry when using a regulated CFD platform.

What Can You Trade On Trading Platforms?

Different platforms have different offers. It is safe to assume that all CFD platforms have various financial instruments to trade. If you find one platform with such stellar reviews, it does not mean it can cater to all your needs. You must check if they provide assets you want to trade and profit on. It will be beneficial to think about this aspect first before depositing your money.

Exploring their profile area can help you understand their offers. But if you do not find this information, do not hesitate to contact their customer support to ask about the available financial instruments they provide on their platform.

If the platform has been around in the trading verse for a while, it should be easy to find the available instruments they offer over the navigation menu.

CFD Trading Budget

How much are you willing to spend on CFD trading? Remember that you must start using the money you can afford to lose. Although CFD trading comes with good opportunities, the market is still volatile. You may lose your money as you cannot always win.

You also need to consider the trade's costs. There are some fees from CFD trading, such as commission, swap rate, and spread.

The commonly prioritised fee is in the form of a commission rate. It is also the main way the CFD broker makes money. Meanwhile, the spread is also a common fee that you need to consider. In a nutshell, the spread is the difference between the bid and the asking price. In trading, it is less common, but it is worth checking before joining a particular site.

Swap rate is the fee you need to pay every night when your position is on HOLD.

Trading Platform Interface And Features

The trading platform you choose should be navigatable and intuitive. As you will use the platform daily and for a long time in the future, you will need to pay attention to the user experiences. Even if you are a newbie, the platform should have an easy interface to help you make the trade without any problems.

You will want to find a CFD broker that offers a platform with an accurate news feed, helpful and accessible tools, and a user-friendly interface. Perhaps you will not know until you try them by yourself. The best way to do this is to open a demo account to assess the platform directly.

How CFD Brokers Earn Revenue

While you compare CFD brokers, it is important to consider the costs associated. Before that, however, you must understand how they earn their revenue:

CFD Commissions And Spreads

A majority of platforms earn their revenue via spreads. Spreads are the difference between actual market prices and the quoted buy and sell prices. It is fundamentally an advance payment for the stockbroker's services. Fees also come as commissions, taking a certain percentage of every conducted trade. Of late, to compete in the market, a majority of the best-known CFD brokers now waive commission charges.

Hedging And Financing

CFD brokers often earn their money via financing. When their customers conduct trades via leverage or margin, they borrow funds from that broker to enhance their position size. A lot of firms often add a fee for such financial services.

CFD brokers may also earn revenue via hedging. They intend to offset probable losses by linking an antonymous trade in a particular market. In such a case, if the trader makes a profit, they have managed to offset their indebtedness.

Some brokerages also charge their customers withdrawal or deposit fees.

CFD Regulation

In the United Kingdom, CFD brokers get licenses from the FCA (Financial Conduct Authority) in London. The protection the FCA provides capitalises on margin and leverage trading.

As mentioned, it is in every trader's best interest to use CFD brokers regulated by reputed regulatory bodies. Regulators keep their users safe from fraud and maintain trust in the market. The list of regulated platforms in a majority of countries is quite long, as luck would have it

ESMA (or the European Securities and Markets Authority) is a European organisation best known for making recommendations to national recommendations to federal regulators, e.g., the UK's FCA or Cyprus' CySec.

Since regulators pass their offered services throughout the European Union, they must comply with ESMA regulations. Hence, the EU currently has almost two levels of regulation. Some other regulators operating under the ESMA consist of Germany's BaFin, as well as the regulators in Switzerland, Denmark, and France.

In other regions, brokers based in Dubai are controlled by the federal reserve of the UAE and DFSA (Dubai Financial Services Authority).

In Switzerland, CFD brokers are controlled by the Swiss Financial Market Supervisory Authority. Many international brokers also offer negative balance protection, which means you cannot lose more than your originally deposited funds.

It is almost impossible to gain access to most of the best CFD brokers from the USA due to restrictions. Some platforms still, however, accept US-based clients. Overall, US citizens may have to shop around more. It is important to note that European and UK-based investors can still trade CFD assets on US shares.

The main gist is to thoroughly check that your potential broker (in your jurisdiction) is regulated before you set up an account with them.

CFD Brokers For Beginners

Different traders have different trading requirements, and consequently, different brokers offer different services meant to cater to different categories of traders. For beginner traders just learning the ropes of stock trading, the main feature they must seek out in a broker is if they offer educational resources.

Moreover, the broker has to be beginner-friendly with trading platforms that are simple to use. Even though such brokers often require higher commission fees than discount brokers, it helps to be educated because you can trade more efficiently without worrying about the trading costs.

CFD Brokers For Professionals

Seasoned traders focus more on the market analysis quality than educational resources. This category of traders focuses more on brokers who can offer them the required trading tools, research and data, which can improve their proficiency in analysing markets better. The trader must be able to execute their strategies and patterns over charts. Brokers offering various tools and a high-quality research team will be the best option for more seasoned traders.

CFD Brokers For Day Traders

The trading style of day traders requires them to search for brokers that can offer them an efficient trading platform. Trading is a full-time job for most day traders, who constantly check their trading screens. Therefore, day traders value a streamlined platform with low server downtime and execution speed. It is the main concern for day traders to make money promptly. Tax efficiency and portfolio diversification are also the least of their concerns.

CFD Brokers For Penny Stocks

CFD brokers that offer penny stocks provide traders the opportunity to speculate on the price movements of low-priced shares without actually owning them. These platforms cater to traders looking to leverage small cap and micro-cap stocks' high volatility. However, trading penny stocks through CFDs amplifies both the potential rewards and risks, given the inherent volatility of these assets combined with the leverage effect.

When choosing a CFD broker for penny stocks, it's important to consider factors such as regulatory compliance, the range of available stocks, trading fees, platform usability, and the quality of customer support. Due diligence is crucial, as the combination of penny stocks and leverage involves significant risk.

CFD Broker Customer Support

In a service-focused industry, top-quality customer service is important for maintaining high client retention. Generally, well-reputed and established brokers tend to provide superior quality support than a newer broker that has just entered the industry. Nonetheless, when checking a broker's customer support, pay special attention to the service hours, the support range provided (email, live chat, phone), available languages and the communication methods with the support team. Additionally, notice the response times for the customer support agent.

CFD Brokers Verdict

Choosing the right CFD broker is crucial for trading success, involving careful consideration of regulatory compliance, trading fees, platform features, and customer support quality. A reputable broker should offer a wide range of instruments, transparent pricing, robust risk management tools, and reliable execution. Regulatory oversight ensures that the broker adheres to strict financial standards and offers trader protection.

Furthermore, educational resources and responsive customer service can significantly enhance the trading experience. Ultimately, the best CFD broker for an individual trader depends on their specific trading needs, strategies, and level of experience. Conducting thorough research and comparing multiple brokers is recommended to make an informed decision.

We have conducted extensive research and analysis on over multiple data points on CFD Brokers - Contract for Difference (CFD) Brokers to present you with a comprehensive guide that can help you find the most suitable CFD Brokers - Contract for Difference (CFD) Brokers. Below we shortlist what we think are the best CFD after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching CFD Brokers - Contract for Difference (CFD) Brokers.

Reputable CFD Brokers Checklist

Selecting a reliable and reputable online CFD trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade CFD more confidently.

Selecting the right online CFD trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Compare Key Features of CFD in Our Brokerage Comparison Table

When choosing a broker for CFD trading, it's essential to compare the different options available to you. Our CFD brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.

By comparing these essential features, you can choose a CFD broker that best suits your needs and preferences for CFD. Our CFD broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 CFD of 2024 compared

Here are the top CFD.

Compare CFD brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a CFD broker, it's crucial to compare several factors to choose the right one for your CFD needs. Our comparison tool allows you to compare the essential features side by side.

All brokers below are CFD. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more CFD that accept CFD clients.

Broker IC Markets Roboforex eToro XTB XM Pepperstone AvaTrade FP Markets NordFX EasyMarkets SpreadEx
Rating
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) Financial Conduct Authority (FCA)
Min Deposit 200 10 100 No minimum deposit 5 200 100 100 1 100 1
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 180,000+ 1,000,000+ 30,000,000+ 1,000,000+ 10,000,000+ 400,000+ 300,000+ 10,000+ 10,000+ 142,500+ 10,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
Platforms MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
icmarkets
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roboforex
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etoro
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xtb
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xm
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pepperstone
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avatrade
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fpmarkets
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nordfx
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easymarkets
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spreadex
Risk Warning Losses can exceed deposits Losses can exceed deposits 76% of retail investor accounts lose money when trading CFDs with this provider. 76-85% 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. 74-89 % of retail investor accounts lose money when trading CFDs 71% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits Losses can exceed deposits Your capital is at risk Losses can exceed deposits
Demo IC Markets
Demo
Roboforex
Demo
eToro
Demo
XTB
Demo
XM
Demo
Pepperstone
Demo
AvaTrade
Demo
FP Markets
Demo
NordFX
Demo
easyMarkets
Demo
SpreadEx
Demo
Excluded Countries US, IR, CA, NZ, JP AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, US, IN, PK, BD, NG , ID, BE, AU US, CA, IL, IR AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET BE, BR, KP, NZ, TR, US, CA, SG US, JP, NZ US, CA, EU, RU, SY, KP, CU US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE US, TR


All CFD in more detail

You can compare CFD ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top CFD for 2024 article further below. You can see it now by clicking here

We have listed top CFD below.

CFD Brokers List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Roboforex
(4/5)
Min deposit : 10
Roboforex was established in 2009 and is used by over 1000000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund
eToro
(4/5)
Min deposit : 100
Visit eToro Try a Demo Read review

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 30000000+ traders. 76% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 1000000+ traders. 76-85% 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. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19)
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 10000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 400000+ traders. 74-89 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB)
NordFX
(4/5)
Min deposit : 1
NordFX was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits NordFX offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
SpreadEx
(4/5)
Min deposit : 1
SpreadEx was established in 1999 and is used by over 10000+ traders. Losses can exceed deposits SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)

Learn more Learn more about IC Markets.
Losses can exceed deposits
TRADE NOW Try IC Markets today
Losses can exceed deposits