We found 11 online brokers that are appropriate for Trading CFD.
If you are looking for one of the best CFD trading platforms, We have valuable information for you. As you know, CFD is an abbreviation for Contracts for Difference, it is a financial instrument that enables trading assets with leverage without the need to own the traded assets.
So, CFD basically allows easy trading of stocks, cryptocurrencies and other assets in either going long or short.
Any of the best CFD trading platforms offer trading on margin. This suggests that you do not need to invest in the entire traded volume. If the margin is 10% and the total traded volume is £1,000, you simply need to invest £100 and gain the exposure of £1,000. The remaining 90% is borrowed by the broker or the CFD provider.
In this article, we will try to find out the advantages and disadvantages of the best CFD trading platforms currently out there. We will also discuss factors to consider when trading with CFD platforms.
The first and foremost comes safety. It is important to know whether the platform offered by your broker or CFD provider is safe to use with respect to transparency in fund and data privacy.
It has been seen, in a couple of cases, the brokers leave investors out of pocket. Hence, it is suggested to always deal with a well-regulated and widespread broker.
Regulatory authorities such as the Financial Conduct Authority ensure that the booking agent is conducting business under a fair policy and abides to the norms set by them. All the best CFD trading platforms from regulated brokers come from these such staples.
It is important the CFD platform offers a plethora of instruments to trade. The options should not be narrow and should allow trading according to your preference. For such reasons, it is important to check brokers for an overview of the instruments before striking a deal.
Cost is an important factor. Some brokers may charge a huge fee, commission, or spread while others may ask for a minimum. A good percentage of costs may reduce profit. It is better to deal with a broker who charges the least.
Another suggestion would be to verify whether the charges are in percentage or a fixed amount per trade. If the volume of trade is huge, going for a percentage may eat away profits.
All the best CFD trading platforms come with rich features. Nevertheless, it depends on the trader on what to grab. A novice investor may not be able to understand all the charting and graphs while an experienced trader looks for these. Paying for the entire features as a newcomer could be a waste of money.
CFD offers a huge range of markets, even such markets that are beyond the availability in some countries.
Opening a short or the sell position is easy with CFD. Traders can earn even when the market graph is going south.
Leverage plays an important role in attracting traders as only a fraction of capital is required of the traded value. The best part of leverage is that the profit is magnified against investment.
Orders are executed instantly with CFDs, with only a click of a mouse. This evades requotes or slippage risk.
The commissions and fees are usually low in CFD compared to traditional share trading. Hence, it is a cost-effective move in the world of financial trading.
One of the biggest disadvantages of CFD trading is that you can even lose everything as the losses are also magnified as the profits. The loss may go beyond the deposit amount, which means the account may go into a negative balance.
It is the worst instrument for holding positions overnight. Holding overnight means paying overnight fees.
As the underlying assets are not owned, you cannot have voting rights in the companies of the assets. Even, you are not entitled to potential dividends.
In many countries, capital gains tax is applicable if profit is made from CFDs.
It is easy as well as tough to discover one of the best CFD trading platforms. Novices may not be able to locate it easily and they usually get trapped with the wrong one. It is recommended to follow the guidelines mentioned above when choosing one.
It is good not to forget that CFD is a risky financial instrument and trading without adequate knowledge may lead to a lot of financial loss. Profit-making is not easy for newcomers.
We've collected thousands of datapoints and written a guide to help you find the best CFD Platforms for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best CFD below. You can go straight to the broker list here.
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.
We compare these features to make it easier for you to make a more informed choice.
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
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IC Markets
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XTB
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FP Markets
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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SpreadEx
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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) | 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) | 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 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 100 | 200 | 100 | 5 | 100 | 1 |
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Used By | 17,000,000+ | 180,000+ | 250,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, 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, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with etoro |
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Up with icmarkets |
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Up with xtb |
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Up with fpmarkets |
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Up with trading212 |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
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Up with spreadex |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% 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. | 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. | 76.4% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
SpreadEx Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, 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, US, 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, IN, PK, BD, NG , ID, BE | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, TR |
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 2021 article further below. You can see it now by clicking here
We have listed top CFD below.