We found 11 online brokers that are appropriate for Trading CFD.
A CFD provider plays important role in the promotion of CFDs and helps traders to trade CFD contracts. Trading CFDs requires lower capital to start trading due to the availability of leveraged features and it is one of the best ways to build up wealth with leveraged investments.
In this article we will basically discuss the role of a CFD provider and why a CFD provider is more in demand compared to other segments in the world of financial investment.
There is a golden rule to trade in CFDs. A CFD provider may say the same. It is beneficial to know the financial instruments properly before trading. Knowing the CFD provider is equally important.
Traders should have a close look at the platform and tools before trading. They are also suggested to have a close look to the CFD provider ahead of registering or depositing any funds. If both the product and CFD provider is reputable and regulated, the risk of losses is minimized. CFDs allow traders to speculate with leverage without owning underlying assets with the aim of earning greater profits than the traders exposure would normally allow.
A CFD provider is like a market maker. He acts in a similar way and provides liquidity with related products. Hence, it is appropriate to say a CFD provider is also a broker besides acting as a market maker. This can cause a potential conflict of interest.
CFD is a good instrument to make money but it is also rumored that people get trapped by a CFD provider. It is said many providers take away money from traders. But this is just a rumor.
If a CFD provider is closely watched before striking a deal, such incidences may not exist. There are no reals fact that all or most of the providers either run away with the money or may not help traders completely to earn profit and make money. The industry is highly regulated. Check your brokers regulatory obligations.
One CFD provider competes with another, yes, this means they compete with each other on areas including trading costs, product selection and trading platforms. These aspects enhance the trading environment as well as making execution easy.
The providers also compete among themselves with educational services, market data and software provision. Traders usually choose CFD providers whose offers are better than other providers.
Most of the providers offer services in a package and include features such as advanced research and charting tools. However, it is important to know that these features are offered in a basic form. Clients need to pay extra to get a pro version.
Traders who are new to the industry and are wishing to trade CFD should keep a good watch on the trading costs such as the daily rolling financing costs for overnight positions and spread reciprocated by the size of the trade.
The costs can add up with a lot of buying and selling even if the initial cost is somewhat lower in the market.
Never take decisions based on the lowest margin requirements. The CFD broker may not be purely good. It is suggested not to go for less leveraged CFDs.
Whichever broker is chosen, it is suggested to get well acquainted with the platform being provided by the CFD provider. Familiarising yourself with it is important. It is pointless that a trader hunts for the steps on how to place a stop loss or take profit when the market moves faster. Hence, the perfect knowledge of the user interface is required.
Some extreme situations may also occur while trading CFDs. The internet connection may be slow or fail completely. The online trading platform may also become inaccessible. Amid such circumstances, it is better to contact the CFD provider directly through a phone call and suggest the next action. Hence, one should not forget to keep the number nearby.
A CFD provider needs to be the best. Without an experienced and knowledgeable CFD provider, a trader may not be successful in CFD trading as much as the potential could be. This is the reason it is well said one must first understand a CFD provider before understanding CFD.
A good CFD provider will always help traders to earn better profits and risk the investment to the least. A good CFD provider can help in building up good wealth with low capital and in a short span of time.
However, in the end, it is suggested not to overestimate any investment or any financial tool. No one can guarantee the return can always be positive. Traders should understand their risk-taking capacity before taking the risk.
If you are researching CFDs make sure to read through the below CFD related guides. You will find something useful.
We've collected thousands of datapoints and written a guide to help you find the best Cfd Provider 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 brokers 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 Brokers.
Compare CFD Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are CFD brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more CFD brokers that accept CFD clients
Broker |
eToro
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IC Markets
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XTB
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AvaTrade
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Roboforex
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FP Markets
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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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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) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | 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) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 1 | 100 | 100 | 200 | 100 | 5 | 100 |
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Used By | 20,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 10,000+ | 15,500+ | 10,000+ | 142,500+ | 3,500,000+ | 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 | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, 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 |
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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 avatrade |
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Up with roboforex |
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Up with fpmarkets |
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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 |
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. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | 72% 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 |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
Roboforex Demo |
FP Markets Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus 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 | BE, BR, KP, NZ, TR, US, CA, SG | US, JP | US, JP, NZ | 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. |
You can compare CFD Brokers 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 Brokers for 2021 article further below. You can see it now by clicking here
We have listed top CFD brokers below.