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 - July 25, 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 lets traders 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 asset's sell and buy prices. 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.
The content on a page is not intended for the residents and users in the USA.
Best CFD Brokers
IC Markets
As a seasoned trader, I've seen my share of platforms, but IC Markets stands out, especially for those 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 counts. With a wide array of instruments at your fingertips and stringent regulation by heavyweights like ASIC and CySEC, you're getting a reliable trading platform and a fortress safeguarding your trades. IC Markets is 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
- Major forex pairs (e.g., EUR/USD, USD/JPY): Up to 500:1
- Minor forex pairs (e.g., EUR/AUD, USD/CHF): Up to 500:1
- Indices (e.g., S&P 500, FTSE 100): Up to 200:1
- Commodities (e.g., Gold, Oil): Up to 500:1
- Shares (depending on the share): Up to 20:1
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 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:
- Equities and ETFs (CFDs): Leverage magnified to 5:1
- Premier Forex Pairs: Enhanced leverage reaching 30:1
- Exotic Forex Pairs, Gold, and Benchmark Indices: Leverage expanded to 20:1
- Other Commodities and Secondary Indices: Up to 10:1 leverage offered
- Digital Assets: A conservative 2:1 leverage
Australian Professional Clients:
Leverage offerings parallel those for retail traders, meticulously adapted for asset-specific exposures.
U.S. Market Nuances:
- In the US, eToro pivots to pure crypto asset trades, sidelining CFDs, with a straightforward 1:1 leverage in the forex domain, adhering to the local regulatory ethos.
Direct Asset Engagement:
- For traders inclined towards direct ownership, eToro facilitates 1:1 leverage trades in select assets, ensuring a transparent and direct investment route, free from the complexities of overnight financing.
RoboForex
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 capitalise 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:
- The leverage available for other assets, such as stocks, indices, and commodities, varies significantly depending on the specific asset and can be much lower than the maximums listed above. You can find the specific leverage for each asset on the RoboForex website.
- Higher leverage carries greater risk. While it can magnify potential profits, it can also amplify losses. Ensure you understand the risks involved before using high leverage.
- Regulations: Leverage limits may be further restricted depending on your regulatory jurisdiction.
XTB
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. XTB is not just a platform; it's a learning hub where your trading understanding 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 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 always in the right place. 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. 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 Australia, XM UK, XM Cyprus, and XM Dubai:
- For seasoned currency and bullion traders: Leverage caps are positioned at 1:30 for primary forex pairs, with secondary pairs, gold, and key indices adjusted to a 1:20 ratio.
- Commodities excluding Gold and Secondary Indices: Expert traders will find the leverage ratio standardised at 1:10.
- Elite Equity and Alternative Instruments: A peak leverage setting of 1:5 is available for individual stocks and diverse benchmarks.
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 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 the 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:
- Prime Forex Instruments (e.g., EURUSD, USDJPY): Leverage reaches up to 30:1.
- Secondary Forex Pairs & Key Assets like Gold, along with Leading Indices (e.g., S&P500): Leverage capabilities extend to 20:1.
- Non-Gold Commodities & Lesser-known Indices: Available leverage is set at a maximum of 10:1.
- Equities Market: Offers a leverage ratio of up to 5:1.
- Digital Assets Market: Permits a leverage threshold of up to 2:1.
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 is where technology meets trading, offering the revered MetaTrader 4 and 5 platforms, cTrader and TradingView, but with a twist—enhanced features that elevate your trading efficiency. It's not just about the platforms; it's about how FP Markets optimises them for your success. With competitive spreads and an array of trading options, FP Markets is where strategy meets opportunity, allowing you to tailor your trading approach precisely. 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 500:1. 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. At the same time, individual stocks have a maximum leverage of 5:1. Cryptocurrencies are offered with a leverage of up to 50:1.
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. FP Markets also offers Bonds trading.
Pepperstone
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):
- Forex Markets: Leverage capped at 30:1
- Indices, Precious Metals, and Broader Commodities: Diverse leverage options, with premium assets like gold offering more substantial leverage
- Stocks: More conservative leverage settings in comparison to forex and commodities
Specialised Leverage Structures for Veteran Pepperstone CFD Traders within the CySEC Jurisdiction (EU/EEA):
- Principal Forex Pairs: Maximum leverage of 30:1
- Exotic Forex Pairs, Gold, and Leading Indices: Leverage set at 20:1
- Other Commodities and Secondary Indices: Leveraging options reduced to 10:1
- Individual Stocks: Limited to 5:1 leverage
- Digital Currencies: Capped at a conservative 2:1 leverage
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
CFDs, or Contracts for Difference, are a leveraged trading strategy allowing you to trade on assets like stocks and share, currencies (Forex), indexes, commodities and even cryptocurrencies without owning them. Instead, you're trading contracts based on the asset's value.
With CFDs, you can control larger positions with a smaller deposit. For example, a £1000 deposit with 30:1 leverage gives you £30,000 market exposure. However, remember that CFD trading is high-risk. You don't own the assets; you're speculating on price movements with the broker. Profits are yours if the trade is favorable, but losses can exceed your deposit if it goes against you.
Experienced traders often use CFDs to hedge against other portfolio losses, but it's not beginner-friendly. In simple terms, CFDs are about predicting price movements: a short CFD if you expect the price to drop and a long CFD if you expect it to rise. Remember, CFDs are agreements to pay the difference in opening and closing prices of an asset, not to own the asset itself.
What Is Leverage? How Does It Work?
Leverage involves using the broker's funds to amplify potential returns from an investment. It enables traders to open larger positions in the market than their capital would otherwise allow. By magnifying potential profits and losses, leverage can significantly impact the outcome of trades.
When a trader uses leverage, they 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?
Leveraged trading often uses derivatives. As a CFD trader, you trade instruments whose value is derived from the original asset's price, without owning the asset itself. The main leveraged products include:
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 margins 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 standardised contracts to buy or sell an asset at a predetermined price at a specified time. Traders use them to speculate on or hedge against future asset price movements, 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
CFD indices track the performance of asset groups from specific regions, exchanges, or sectors. You can't trade indices directly but can trade their price movements via ETFs, CFDs, and spread betting.
CFD Shares
Shares represent company ownership and are traded on stock markets. You can use leverage to trade large positions in blue-chip stocks like Facebook and penny stocks.
Forex CFDs
Forex trading involves buying and selling currencies for profit. As the world's most popular financial market, forex trading often uses leverage to capitalize on small price movements.
Commodity CFDs
Commodity markets include trading crude oil, natural gas, gold, silver, and agricultural products. With commodity CFDs, you can leverage trades to gain exposure with less capital, allowing profit from price movements in either direction.
Crypto CFDs
Crypto CFD trading is banned in the UK by the FCA. Elsewhere, traders speculate on cryptocurrency price movements without owning the digital assets. These high-risk trades are due to market volatility and leverage, which can amplify gains and losses. Always understand the risks involved.
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:
- Professional Trading Interface: The core hub for accessing real-time account analytics, market valuations, and strategic trade execution.
- Sophisticated Analytical Tools: Access to advanced charting capabilities and technical diagnostics for deep market analysis and strategic decision-making.
- Comprehensive Market Scanner: An exhaustive list of tradable assets, complete with nuanced details such as real-time pricing, spreads, and critical market data.
- Advanced Order Types: Enhanced control over trade execution with a suite of complex order options, including but not limited to market, limit, and protective stop losses, tailored for meticulous risk management.
- Expert Resources and Support: Provision of specialised educational content and dedicated support services to further the trading acumen and resolve complex queries for professional traders.
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 capitalise 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.
Do You Need Advanced Knowledge for CFD Trading? Is It Time-Consuming?
CFD trading follows the same basic investing principles: profit from price movements of financial instruments.
CFDs are less time-consuming than traditional share trading but are very high risk and have a high percentage of losing traders. Traders typically rely on charts instead of reading financial reports to make decisions.
However, understanding the risks is crucial. CFDs involve high-risk leverage, meaning losses can exceed your initial deposit. Effective risk management, such as proper position sizing and stop-loss orders, is essential to protect your capital.
The Advantages Of CFD Trading
As experienced traders, we know why CFD trading is popular: access to diverse markets and flexible, short-term trades. Here are key reasons to consider CFDs:
Profit from Falling Markets
Unlike traditional trading, CFDs allow you to profit from rising and falling markets. You don't own the underlying asset, so you can easily go short. Sell contracts to open a short position and repurchase them to close it, capitalizing on market declines.
Leverage Your Capital
CFD trading offers a significant financial advantage-the use of leverage. This means you can open positions without paying the full value upfront. Instead, you pay a deposit, known as the trader's margin. This allows you to speculate on price movements without owning the assets, thereby maximizing your trading potential.
Similarity To Conventional Trading
CFDs let you trade financial markets without buying assets, similar to spread betting, options, and futures. If you're used to traditional trading, CFDs will feel familiar. You only trade contracts that reflect asset values, setting your position size by the number of contracts you buy or sell.
Trading Indices, Shares, And Forex
CFD brokers offer access to various asset classes, allowing you to trade indices, shares, and forex.
Hedging With CFDs
Use CFDs to take short positions, profiting from falling markets and hedging against adverse portfolio movements. If a company's shares you're concerned about drop, your CFD profits can offset portfolio losses. Be aware that if those shares rise, you could lose on the CFD position.
Optimizing CFD Trading Tax Efficiency
A major benefit of CFDs is the exemption from UK stamp duty, potentially saving you significantly on taxes. Tax rules can change, so consult a financial advisor for personalized advice.
Trading CFDs grants access to markets like equities, forex, and commodities. Getting started with a CFD broker is quick, and CFD platforms ensure fast trade execution to minimize slippage. Although CFD trading costs are lower than traditional brokerage services, compare fees across brokers for the best trading conditions.
CFD Disadvantages
CFD trading is high risk. You can lose more than your entire balance due to leverage. Leverage can magnify both gains and losses. Holding positions longer can incur additional fees. Profits may be taxable, so check your local regulations. Here are key disadvantages.
High Risk and Leverage
CFDs use leverage, allowing control of larger positions with less capital. CFD leverage is high risk as it may amplify profits and losses, potentially exceeding your initial investment.
Market Risk
CFDs are volatile. Prices can move rapidly against you, leading to significant losses.
Overnight Margin Considerations
Keeping CFDs open overnight incur interest fees, impacting long-term trades.
Spread Costs
The spread (difference between buy and sell prices) can be wider than in underlying markets, affecting your entry and exit prices.
Regulatory Risks
CFD trading is banned in some countries. Be aware of your local regulations.
Counterparty Risk
CFDs are OTC products, exposing you to the risk to your provider's financial stability. If they fail, you could lose your investment.
Lack of Ownership
Trading CFDs means you don't own the underlying asset, missing out on benefits like voting rights and dividends.
Psychological Risks
The ease of trading and high leverage can lead to overtrading and emotional 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 have 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 want to avoid trading 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 when choosing a 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 in 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 can only cater to some of 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 are still looking for this information, feel free 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 can only sometimes 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. It is less common in trading, 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 only know once 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. Lately, most of the best-known CFD brokers have now waived commission charges to compete in the market.
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 seeking to leverage high volatility in small-cap and micro-cap stocks. 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:
- Ensure your chosen CFD broker has a solid track record of at least two years in the industry.
- Verify that the CFD broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the CFD broker operates under the regulatory framework of a jurisdiction that can hold it accountable for any misconduct or resolve disputes fairly and impartially.
- Ensure that the CFD broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for CFD brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the CFD broker can hire staff from diverse locations worldwide who can communicate fluently in your local language.
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.
- Minimum deposit requirement for opening an account with each CFD broker.
- The funding methods available for CFD with each broker.
- The types of instruments you can trade with each CFD broker, such as forex, stocks, commodities, and indices.
- The trading platforms each CFD broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each CFD broker affects the cost of trading.
- The level of customer support each CFD broker offers, including their availability, responsiveness, and quality of service.
- Whether each CFD broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
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
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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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FP Markets
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EasyMarkets
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SpreadEx
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FXPro
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|---|---|---|---|---|---|---|---|---|---|---|---|
| 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), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
| Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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| Used By | 180,000+ | 1,000,000+ | 35,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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| 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, TradingView, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
| Support |
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| Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with etoro |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with easymarkets |
Sign
Up with spreadex |
Sign
Up with fxpro |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 51% of retail investor accounts lose money when trading CFDs with this provider. | 76-83% 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. 71.61% 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. | 75-95 % 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 | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
| Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro 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, 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 | US, CA, IR |
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 Table of Contents
- CFD Brokers Explained
- 6 Factors to Consider when Choosing CFD Brokers
- Are Your CFD Brokers Trusted And Established?
- Are The CFD Brokers World Leading?
- What are the CFD Brokers Commissions and Fees?
- What are the CFD Brokers Funding and Withdrawl Methods?
- Find CFD Brokers with Round-the-clock support?
- Make sure the CFD Brokers Offer Comprehensive Trader resources?
- Why CFD Brokers needs to be regulated?
- CFD Brokers FAQ
- What are the best CFD brokers?
- What is the best CFD broker?
- Related CFD Brokers Reviews
- Related CFD Brokers Alternatives
- Related CFD Brokers Comparisons
CFD Brokers Explained
Trading volatile financial markets with CFD Brokers can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by CFD Brokers to ensure a successful trading experience.
Selecting CFD Brokers at the forefront of innovation and considered an industry leader is crucial. Doing so will ensure you are equipped with the tools and features to navigate volatile CFD markets effectively.
Reliability is key to gaining access to financial markets. Look for CFD Brokers that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with CFD Brokers confidently.
6 Factors to Consider when Choosing CFD Brokers
Follow these five rules for selecting CFD Brokers that are right for you:
Are Your CFD Brokers Trusted And Established?
Search for a reputable CFD Brokers with a extensive proven track record for CFD, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated CFD broker is IC Markets. Established in 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is Roboforex.
Roboforex was established 2009, and in operation for 9 years Roboforex have a head office in Belize.
Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Year Established | 2007 | 2009 | 2007 | 2002 | 2009 | 2010 | 2006 | 2005 |
| Head Office | Australia | Belize | Cyprus, UK | Poland | Cyprus | Australia | Ireland | Australia |
| 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) |
| Used By | 180,000+ | 1,000,000+ | 35,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | No | No | No |
| Learn More | Visit IC Markets | Visit Roboforex | Visit eToro | Visit XTB | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit FP Markets |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 51% of retail investor accounts lose money when trading CFDs with this provider. | 76-83% 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. 71.61% 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. | 75-95 % 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 |
Are The CFD Brokers World Leading?
Opt for CFD Brokers that set themselves apart as an industry leader by actively embracing innovation. Take IC Markets as an example, which is renowned for Segregates clients funds and boasts an extensive array of 2250 tradable instruments. Moreover, IC Markets caters to the needs of its clients with both an online trading platform and a mobile application, making it incredibly convenient to access the markets from anywhere, at any time.
In addition, the IC Markets platform enables access to a variety of financial markets worldwide. IC Markets is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for CFD Brokers is Roboforex. Roboforex Segregates clients funds and offers over 100 instruments.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Instruments Available | 2250 | 100 | 5000 | 5600 | 1000 | 1200 | 1250 | 290 |
| 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, TradingView, IRESS, Mac, Web Trader, Tablet & Mobile apps |
| 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, 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, MG, MK, MO, UA, JO, KR, | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | 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 |
| Forex pairs offered | 61 | 35 | 50 | 57 | 55 | 70 | 55 | 70 |
| Forex pairs offered | 61 | 35 | 50 | 57 | 55 | 70 | 55 | 70 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | No | Yes | No | No | Yes | Yes | Yes |
| Commodities Offered | 20 | 21 | 31 | 21 | 15 | 16 | 17 | 18 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | No | Yes | Yes | No | Yes | Yes | Yes |
| Stocks Offered | 2100 | 0 | 2042 | 1696 | 160 | 1100 | 1000 | 10000 |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
What are the CFD Brokers Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated CFD broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated CFD broker Roboforex offers Forex, CFDs. Roboforex minimum deposit is 10. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
|
Roboforex
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eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Min Deposit | 200 | 10 | 100 | 0 | 5 | 200 | 100 | 100 |
| Withdrawl Fees | No | Yes | Yes | varies | No | No | No | No |
| Inactivity Fees | No | No | Yes | Yes | Yes | No | No | No |
| Deposit Fees | Varies | No | No | No | No | No | No | Yes |
| CFD Commission Fees | Yes | No | Yes | Yes | No | Yes | No | Yes |
What are the CFD Brokers Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with CFD Brokers. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with CFD Brokers.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | No | Yes | Yes | No | Yes | Yes | Yes |
| Skrill | Yes | No | Yes | Yes | No | Yes | No | Yes |
| Payoneer | No | Yes | No | Yes | No | Yes | Yes | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Find CFD Brokers with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with CFD Brokers.
CFD Brokers customer service entails various support services to aid customers in making the most cost-effective and appropriate use of the brokers' services.
The customer support options offered by CFD Brokers can include phone answering services, live chat support, and email customer service support.
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
IC Markets and Roboforex offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
|
Roboforex
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eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
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| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, German, Spanish, French, Italian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish | English, Arabic, Indonesian, Italian, Spanish, French, Russian, Chinese, Japanese, German, Portuguese, Thai, French, Malay, Greek, Vietnamese, Romanian, Turkish, Slovenian, Dutch, Polish, Finnish, Norwegian, Swedish, Serbian, Lithuanian, Hungarian, Galician, Estonian, Danish, Czech, Croatian, Bulgarian, Basque |
| Learn More | Visit IC Markets | Visit Roboforex | Visit eToro | Visit XTB | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit FP Markets |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 51% of retail investor accounts lose money when trading CFDs with this provider. | 76-83% 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. 71.61% 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. | 75-95 % 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 |
Make sure the CFD Brokers Offer Comprehensive Trader resources?
It's important to ensure your CFD Brokers provide complimentary resources such as analysis, education, and risk management tools. IC Markets and Roboforex collaborate with top analysts to bring the most up-to-date news and insights to traders.
Sound risk and money management are vital to financial market navigation with CFD Brokers. However, selecting the best broker to access the markets is a critical step that traders should not overlook as they embark on trading live financial markets with CFD Brokers.
Why CFD Brokers needs to be regulated?
Regulated CFD Brokers lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated CFD Brokers.
Consumers are protected by CFD Brokers regulation, critical to preventing inadequate services and potential financial harm.
Regulation of CFD Brokers is necessary to prevent fraud. The CFD Brokers working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with CFD Brokers is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
CFD Brokers List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, AndroidCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
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. 51% 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.
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, TradingView, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Web Trader, TradingView, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Learn more
Losses can exceed deposits
Losses can exceed deposits