Top CFD Brokers - Contract for Difference (CFD) Brokers for 2022

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

CFD Brokers Guide

Updated May 25, 2022

CFD Brokers

What Is CFD?

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, instead of trading an asset directly, the trader trades a contract that is in accordance with the value of that asset.

CFD lets traders buy more than they deposit with their broker. For instance, if an investor deposits £1000 on a CFD trade and the CFD 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 does not own any financial assets when trading a CFD. In this case, they are dealing directly with the broker. These are high-risk trades that can be used to speculate on both the up and down price movements of a financial asset. If the trade goes in the investor’s favour, they get to keep the profits. If the trade does not go well, the trader may end up having to owe the broker more than their deposited amount. CFD trades can be used by professional traders (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.

CFD Definition

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 price of the asset, either up or down. A CFD contract where you expect the price to go down 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 is an important feature of CFD trading as well as spread betting which can be an effective tool for a trader. Traders can use leverage to benefit from small price movements that are comparatively small, gear their portfolio towards more exposure or make their capital progress further.

Leverage works by making use of a deposit (margin) to offer the trader an enhanced exposure to an underlying asset. The trader essentially places a fraction of the full value of their trade, while their provider loans them the rest. A trader’s total exposure in comparison to their margin is called a “leverage ratio”. For instance, a trader wishes to buy 1000 shares of a certain company, with a share price of 100. To carry out a conventional trade with a broker, the trader would be prompted to pay 1000 times 100p to gain an exposure of £1K (disregarding commissions and such). If the company in question’s share price happens to go up by 30p, the trader’s shares will be worth 130p each. If the trader concludes their position, then they make a profit of £300 from their initial £1000.

Underleveraged

If the market goes the opposite way and the shares of the company happen to fall by 30p, the trader will lose £300, or instead, a fifth of what they already paid for the shares.

In other cases, the trader could open their trade with a leveraged provider, one who may have a margin requirement of 10 percent on the same shares.

In his case, the trader would only be required to pay 10 percent (or £100) from their £1000 exposure in order to open the position. If the company’s share happens to rise to 130p, the trader would still be able to make the same profit of £300, at a significantly reduced cost, however.

If the shares fell by 30p, the trader would lose £300, i.e., twice their initially made deposit.

What Are The Different Kinds Of Leveraged Product?

Most leveraged trading makes use of derivative products. This means that the 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:

CFDs or Contracts Of Difference

As already discussed, it is an agreement with a broker to exchange the difference in the price of a certain financial product within the time the position opens and when it closes.

Spread Betting

This is only reserved for the UK. It is a bet on the proposed direction of a market. This earns the trader more profit if the market happens to move in their chosen direction, and if the market moves the other way around, the trader will suffer loss.

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, they can only be traded through products that reflect their price movements. These include EFTs (Exchange-Traded Fund), CFD trade, and spread betting.

CFD Shares

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

Forex CFDs

Forex, otherwise known as foreign exchange, is the buying and selling of currencies with the purpose of making profits. Forex is the most popular financial market on a global level. The comparatively small movements in Forex trading mean that many opt for trading using leverage.

Commodity CFDs

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

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

Trading commodities with the use of 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 as well as falling.

Crypto CFDs

Trading in cryptocurrency CFDs is currently not allowed 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 in question. A cryptocurrency CFD trader speculates on crypto-asset price movements increasing or falling in value with the aim of making a profit.

Cryptocurrency prices are considered to be volatile. The leverage feature that a crypto CFD trade would offer, may offer the potential of increased profits, but equally offers the potential for increased losses. FCA regulated trading platforms are not allowed to offer crypto CFD trades to UK residents. Other countries may allow you to trade crypto CFDs, but before trading crypto CFDs you must understand the risks and what you are doing. Crypto CFDs are high risk.

What Kinds Of Investors Deal In CFDs?

Numerical traders as well traders using temporary reselling strategies can take advantage of CFDs. CFDs can also be useful for long term traders during phases of market volatility.

When a stock market goes into decline – also called a bear market – CFDs can also aid in protecting portfolios to counteract any losses. It is also possible for long-term investors to run short on a stock market index CFD having a high direct association with their stock portfolios. With that, any losses sustained in the long-term portfolio will be counterbalanced by the gains from their CFDs.

What Makes CFD Trading Better Than Conventional Share Trading

There are plenty of reasons to opt for CFDs instead of conventional share trading. One prime reason is that since CFDs are traded on margins, they call for less capital investment compared to buying shares conventional. This comes off as a suitable option for those seeking quick wins. According to market analyst Kelwin Wong, CFD trading is more related to the short-term.

To put it simply, investing in a share in a larger company would prove more expensive compared to trading on that same company using CFD trading. Hence, if an investor believes a certain asset sees chances of rising but do not have the capital available for buying traditional shares, they can use CFD training in order to speculate on its movements.

Trading CFDs also means traders can spread their investment capital across a much broader spectrum of shares. They can trade on a considerable range of several markets that include indices, shares, commodities, treasuries, and currencies, regardless of the markets going up or down.

Apart from that, unlike traditional physical shares, CFDs do not have settlement times, and this allows investors to achieve their profits as soon as possible.

Are Investors Required To Have A Higher Knowledge For 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. As a matter of fact, it can take up lesser time since a majority of traders are dependent on charts, in contrast, to actually reading through financial reports in order to make trading decisions.

Despite that, traders need to understand the risks before moving forward. This is because since CFDs trade on margin, any losses encountered are bound to be magnified. This means that the trader could end up losing a lot more than their initially deposited capital. The risk, as per Wong’s opinion, is the most significant aspect for a trader to comprehend before going into trade CFDs. Risk management precautions likes position sizing as well as placing stop-loss levels can also be utilized.

What Is The Reason Behind CFD’s Current Surging?

CFD is surging because of the volatility induced in markets due to the pandemic. CFDs are known to result in profits even when the stock market goes volatile. That is due to a key feature found in CFDs allowing investors to trade on markets with values going up and down. If a trader believes that a share is undervalued, they can make use of CFD trading to take advantage of the decrease in its share value.

It is also crucial to note that all kinds of trading come with their own risks as well as potential rewards. Hence, it is best to explore and gain a bit of knowledge before venturing into CFD trading.

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 trading and CFDs is that the trader never owns the underlying market. This comes with several benefits including the ability to go short and long.

In order to initiate a short CFD position, the trader sells their chosen number of contracts besides buying them. After that, when they wish to close their trade, they invest in the same number of CFDs. This allows them to earn profits when market values fall. This adds 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 having to buy assets. There are plenty of other derivatives like spread betting, options, and futures.

Anyone more acquainted with traditional trading as well as investing will notice that CFDs are more familiar compared to those other derivatives. This is due to the fact that with CFD trading, a trader only buys and sells contracts made to reflect the assets they happen to represent.

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

The Option To Trade Indices, Shares, And Forex

CFD Brokers often provide access to a lot of asset classes. This way investors are not limited in terms of what they are able to 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 are concerning to them. This way, any negative actions in their portfolio only earn them profits from their CFD position, offsetting the loss. If the company stocks start climbing again, however, the trader could end up losing their CFD position.

Lesser Taxes To Pay

Another crucial benefit associated with never owning the asset the investor is trading is that they are not forced to pay UK stamp duty as they go about buying and selling markets, ultimately saving on their end-of-the-year tax bill.

Tax laws are, however, prone to change and are reliant on individual circumstances. In this case, the investor must seek independent advice.

CFD Advantages Summary

CFDs allow you to access a wide market range of stocks, currency pairs and commodities.

Registering an account with a CFD broker is straightforward and can be done in minutes.

With the leverage the CFDs allow you can leverage the investment and magnify your positions potential gains.

CFD brokers use very fast communication networks so CFD orders are executed with immediate effect and so you don't face any slippage.

The commissions and fees paid to CFD brokers are usually lower than that of traditional brokers.

The commissions and fees vary from broker to broker please double-check and compare all fees yourself before you trade.

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 in many countries the profit made on trade is taxable.

CFD Trading For Beginners

Beginners who want to start trading with CFD brokers need to make sure they have a solid understanding of CFDs. Many reputable brokers offer many educational resources to help you get your head around 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 having to create a share dealing account to buy a share or have any control of stock. CFDs can be 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 utilize 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, then 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 ensure that you join the right platform so that you can really 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. Here is how the list can be narrowed down.

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 own 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 to 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 your to stop loss to 5% below the price that you brought your CFD at your loss will be limited to 5%.

More CFD Guides And Research

If you are researching CFDs make sure to read through the below CFD related guides. You will find something useful.

Focus On Trustworthy, Reliable, And Safe CFD Brokers

You assess the CFD broker in many ways, but you will want to prioritize your safety over everything. Like many other traders, safety is a paramount factor in choosing the CFD broker. The CFD trading platform should have good security which can protect all the traders that join 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 are obliged to ensure their clients' invested funds are insured by up to 85,000 euros. The regulator will monitor the practises 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 different CFD platforms come with a wide array of financial instruments to trade. If you find one platform that has such stellar reviews, it does not mean that the platform can cater to all your needs. You will need to check if they also provide assets that you will want to trade and make a profit with. It will be beneficial to think about this aspect first before depositing your money.

Exploring their profile area can help you a lot to understand their offers. But if you do not find this information, do not hesitate to reach out to their customer support to ask about the available financial instruments that they provide in their platform.

If the platform has been around for a while in the trading verse, 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? Keep in mind that you will need to start using money that you can afford to lose. Although CFD trading comes with good opportunities, the market is still volatile. There is a chance that you might lose your money as you cannot always win.

Then, you also need to take into account the costs of the trade. There are some fees from CFD trading such as commission, swap rate, as well as spread.

The commonly prioritized fee is in the form of 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 ask 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 are going to 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 come with an easy interface to help you to 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:

Commissions And Spreads

A majority of platforms earn their revenue via spreads. This is the main difference between real 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 the size of their position. A lot of firms often add in a fee for such financial services.

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

Some brokerages also charge their customers with withdrawal or deposit fees.

Regulation

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

As already mentioned, it is in every trader’s best interest to use CFD brokers regulated by reputed regulatory bodies. That is mainly because they 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 organization 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 are required to be in line 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 are still allowed to 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.

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 who are just learning the ropes of stock trading, the main feature such traders must seek out in a broker is if they offer educational resources. Additionally, the broker has to be beginner-friendly with trading platforms that are simple to use. Even though such brokers often require higher commission fees compared to discount brokers, it helps to be educated because you will be able to trade more efficiently, without having to worry about the trading costs.

Brokers For Professionals

Seasoned traders focus more on the market analysis quality instead of 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 to analyze markets better. The trader must be able to execute their strategies and patterns over charts. Brokers offering a vast variety of tools and a high-quality research team will be the best option for more seasoned traders.

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 a majority of day traders as they constantly have to check their trading screen. Therefore, day traders will value a streamlined platform with low server downtime and speedy execution speed. It is the main concern for day traders to promptly make money. Tax efficiency and portfolio diversification are also the least of their concerns.

Brokers For Penny Stocks

Traders who specialize in low-cost penny stocks are mostly concerned with trading costs. For such traders, their lucrativeness is measured by pennies. Therefore, to magnify their gains, a broker offering the lowest trading cost is more suitable for their investment style.

Customer Support

In an industry that is service-focused, top-quality customer service is important for maintaining high client retention. In general, well-reputed and established brokers tend to provide superior quality support than a newer broker that has only just entered the industry. Nonetheless, when checking a broker’s customer support, pay special attention to the service hours, the support range provided, and the communication methods with the support team. Additionally, notice the response times for the customer support agent.

CFD Brokers Verdict

CFD brokers based in the UK offer a vast range of options, i.e., fees, leverage, market access, and more. Since there is a lot of competition and saturation in the market, make sure you take time out to make a detailed comparison of all the platforms available and ensure which is the best for you. CFD brokers based in the UK also offer demo accounts which can be a great way for newbies to learn about the services before fully committing to the platform.

We've collected thousands of datapoints and written a guide to help you find the best CFD Brokers - Contract for Difference (CFD) Brokers for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best CFD below.

Reputable CFD Brokers Checklist

There are a number of important factors to consider when picking an online CFD trading brokerage.

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

Our brokerage comparison table below allows you to compare the below features for brokers offering CFD.

We compare these features to make it easier for you to make a more informed choice.

Top 15 CFD of 2022 compared

Here are the top CFD.

Compare CFD min deposits, regulation, headquarters, benefits, funding methods and fees 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 eToro IC Markets Roboforex XTB AvaTrade Pepperstone XM FP Markets Trading212 Plus500 NordFX
Rating
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa Central Bank of Ireland, 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) 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 International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
Min Deposit 10 200 1 No minimum deposit 100 200 5 100 1 100 1
Funding
  • Bank transfer
  • Credit Card
  • Paypal
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  • Paypal
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  • Credit Card
  • Paypal
Used By 27,000,000+ 180,000+ 10,000+ 250,000+ 300,000+ 89,000+ 3,500,000+ 10,000+ 15,000,000+ 15,500+ 10,000+
Benefits
  • 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
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • 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 hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Low min deposit
  • Guaranteed stop loss
  • Advanced Risk Management Tools
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
Accounts
  • Demo account
  • Standard account
  • Islamic account
  • 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
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
Platforms Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
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  • Live chat
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Risk Warning 68% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits Losses can exceed deposits 74% 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. 71% of retail investor accounts lose money when trading CFDs with this provider 74-89 % of retail investor accounts lose money when trading CFDs Your capital is at risk Losses can exceed deposits 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. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Losses can exceed deposits
Demo eToro
Demo
IC Markets
Demo
Roboforex
Demo
XTB
Demo
AvaTrade
Demo
Pepperstone
Demo
XM
Demo
FP Markets
Demo
Trading 212
Demo
Plus500
Demo
NordFX
Demo
Excluded Countries 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, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA US, JP US, IN, PK, BD, NG , ID, BE, AU BE, BR, KP, NZ, TR, US, CA, SG AF, AS, AQ, AR, 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, UY, VU, VG, EH, YE, ZW US, CA, IL, KR, IR, MM, CU, SD, SY US, JP, NZ US, CA MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE No

eToro Risk Disclosure

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. 67% 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.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

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.


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 2022 article further below. You can see it now by clicking here

We have listed top CFD below.

CFD Brokers List

eToro
(4/5)
Min deposit : 10
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. 67% 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.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

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 27000000+ traders. 68% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). 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 Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
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, ZuluTrade, Web Trader, cTrader, Mac

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 : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, 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 VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ traders. 74% 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 Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
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 Central Bank of Ireland, 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)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 89000+ 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
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 3500000+ traders. Your capital is at risk XM 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 International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
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, 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)
Trading212
(3/5)
Min deposit : 1
Trading 212 was established in 2006 and is used by over 15000000+ traders. 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. Trading 212 offers Stocks, Forex, Commodities, Indices.

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), Financial Supervision Commission (FSC)
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 15500+ traders. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500 offers CFDs.


Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads

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 Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules
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

Learn more Learn more about eToro.
68% of retail investor accounts lose money when trading CFDs with this provider.
TRADE NOW Try eToro today
68% of retail investor accounts lose money when trading CFDs with this provider.