Top Cfd Vs Forex for 2024

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

Best Cfd Vs Forex Guide

Analysis by Andrew Blumer, Updated and fact checked by Senad Karaahmetovic, Last updated - June 23, 2024

CFD vs Forex Trading

In this article of CFD vs Forex we will try to understand what the significant differences between CFD and Forex for new traders. Both are popular financial instruments and traders believe the two can help them in building wealth faster compared to other products. Regulation is very important for both CFD and Forex trading, so make sure when trading these financial instruments your broker is well regulated.

This article is aimed at beginner traders.

Key differences between CFD and Forex trading

Feature CFD Trading Forex Trading
Underlying Asset Derivatives - Contracts based on various assets Currencies
Asset Range Wide range (Stocks, indices, commodities, currencies) Limited to currency pairs
Trading Contract Contracts with specific size and currency Uniform lot sizes (usually 100,000 units)
Market Forces Specific to underlying asset (e.g., company news for stocks) Global economic events, interest rates
Additional Fees May include holding fees Spreads are main cost

What are CFDs

CFD is an abbreviation of Contracts for Difference and it is a derivative financial instrument that offers price speculating opportunities to traders of underlying assets. A trader never takes ownership of the assets in which the contract is based.

A trader gets leverage opportunity with CFDs and this facilitates him or her to open a position with a lower initial capital. The exposure is comparatively large and hence profit is amplified. However, the losses may also go beyond the initial deposit.

CFDs: Pros vs Cons

Trading CFDs has both advantages and disadvantages, depending on the trader's objectives and risk tolerance.

Pros of CFDs 

CFDs use risky leverage which uses a smaller deposit to control a larger trade based on price movement up or down. This can significantly increase potential profits. CFDs also offer the opportunity to go short or long, providing flexibility to profit from both rising and falling markets. Moreover, trading CFDs involves lower entry costs compared to buying the underlying asset outright. They also provide access to a wide range of markets from a single platform.

Cons of CFDs 

The same leverage that amplifies profits also increases potential losses, sometimes exceeding the initial investment. This makes CFDs very risky, particularly for inexperienced traders. Additionally, CFDs do not confer ownership of the underlying asset, meaning traders miss out on dividends and voting rights associated with stocks. Overnight holding costs can add up, increasing the cost of trading. Furthermore, the pricing of CFDs is not always transparent, and traders must rely on the broker's integrity and pricing mechanisms.

What is Forex

Forex or FX also known as foreign exchange is a trillion daily global turnover market. It is also referred to as FX. Traders who seek to capitalize on the opportunities with such huge daily transaction volume get involved in Forex trading. They buy and sell currencies. The added advantage of Forex compared to other financial tools is its 24-hour trading hours from Monday to Saturday.

Forex is an over the counter product and not controlled by any central governing body. The negotiations between brokers and dealers are direct through electronic networks.

Example Of CFD Vs Traditional Forex Trading on EURUSD

CFD Vs Forex EURUSD trading example

Trading EUR/USD, whether as a CFD or in traditional Forex, offers opportunities to profit from currency fluctuations. CFD trading provides higher leverage, potentially amplifying profits and losses, while traditional Forex offers a more straightforward approach with typically lower leverage. Both methods require careful risk management, awareness of costs, and an understanding of market dynamics to navigate successfully. Always ensure you are comfortable with the risks involved and consider using stop-loss orders and other risk mitigation strategies to protect your investment.

The trades explained in the example below are a hypothetical scenario and doesn't necessarily reflect typical results.

Trading using leverage is very high-risk in nature and can lead to very large losses.

Trading EUR/USD as a CFD

Contracts for Difference (CFDs for short) trade against your broker based on a financial instruments price movement only using leverage. When trading CFDs on EUR/USD:

Overnight financing fees can apply to CFD positions, held beyond the trading day. CFDs may have overnight financing fees, while Forex trading costs are mainly spreads.

  1. Position Size: Assume you open a long position (buy) for 1 standard lot (100,000 units) with $10,000 in your account. In CFD trading, leverage is often higher. Let’s assume a leverage of 1:30.
  2. Margin Requirement: With 1:30 leverage, the margin required for a $100,000 position is $3,333.33 ($100,000 / 30).

Trade Goes in Your Favor

Trade Goes Against You

Trading EUR/USD in Traditional Forex

In traditional Forex trading, you buy and sell actual currencies. The principles are similar to CFD trading but with differences in leverage and margin requirements.

  1. Position Size: Let’s assume the same 1 standard lot (100,000 units) with $10,000 in your account. Traditional Forex brokers might offer leverage of 1:20.
  2. Margin Requirement: With 1:20 leverage, the margin required for a $100,000 position is $5,000 ($100,000 / 20).

Trade Goes in Your Favor

Trade Goes Against You

Risks in CFD Trading vs. Traditional Forex

Forex: Pros vs Cons

Trading in the foreign exchange market, or Forex, has distinct advantages and disadvantages that cater to different types of traders based on their strategies, goals, and risk tolerance.

Pros of Forex 

Forex trading offers significant leverage, allowing traders to control large sums of money with a relatively small initial investment, which can multiply profits if managed carefully. The Forex market operates 24 hours a day during the week, providing continuous opportunities for traders to enter and exit positions at their convenience.

The market's high liquidity makes it easy to execute large trades without significantly affecting the exchange rate. Forex trading also offers the flexibility to profit from both rising and falling markets by trading in diverse currency pairs.

Cons of Forex

The leverage in Forex trading, while potentially profitable, also poses a high risk as it can lead to substantial losses, potentially exceeding the initial investment. The Forex market can be highly volatile, making it difficult to predict exchange rate movements and manage risk effectively.

Due to its complexity, Forex trading requires a substantial amount of knowledge and experience to navigate successfully. Additionally, the market is affected by numerous factors including economic indicators, political events, and market sentiment, making it challenging to consistently predict outcomes.

Finally, the Forex market involves costs such as spreads and potentially overnight charges, which can erode profits.

CFDs vs Forex Similarities

There are several similarities between CFD and Forex. Both the financial instruments involve the same kind of trade execution process. In both, a trader can easily take an entry and exit the market following the rise and fall of the financial markets.

Trades on both financial tools can be executed on the same platform by following and analyzing pricing methods and charts of underlying assets. In both kinds, the trades are performed in the OTC market. This means the trades are run electronically and entirely within a banking network. There is no central trade and no physical location.

In both cases the cost of trading is just the spread and no commission or fee. Other financial instruments involve charges in the form of commission or fee.

In both CFD and Forex, a trader does not take possession of the underlying assets. If a trader buys EURAUD, it does not mean that he purchases the euros and there after sells the Australian dollars. He merely speculates on the currency pair’s exchange rate.

Similarly, if the trader buys a CFD on the FTSE 100, he does not own the stocks listed in the FTSE 100 index. He rather speculates on the underlying price of the assets. This is the reason Forex is also considered as a kind of CFD for not taking ownership of the underlying assets.

CFD vs Forex Differences

The primary difference is that the CFD involves various contracts like indices, metals, and energy. Forex on the other hand is purely limited to currency trading.

In CFD a trader can choose different contracts, and these can vary in currency type as well as increment value based on the country where the underlying asset originates. In Forex the opportunity is not so vast. A trader can only trade two currencies against each other. More to this, the trading needs to be in uniform sizes.

CFD is influenced by specific factors like demand and supply or market trends of the commodity while Forex is driven by global events such as international political changes and large employment shifts.

CFD Brokers vs Forex Brokers

There are some differences between CFD brokers and Forex brokers.

CFD brokers offer contracts that mirror the price movements of a wide range of underlying assets, including stocks, commodities, indices, and bonds. This allows traders to speculate on the rise or fall of these assets without actually owning them. CFD brokers provide a broad spectrum of markets to trade, not just currencies.

The main appeal of CFD trading is the ability to trade on margin (using leverage), which can amplify both profits and losses. CFD trading also allows for easy short selling, making it straightforward to speculate on downward market movements.

On the other hand, Forex brokers, on the other hand, specialize in currency trading. They provide platforms for trading currencies against one another in pairs (e.g., EUR/USD, GBP/JPY).

The forex market is known for its high liquidity and operates 24 hours a day during the week, making it a popular choice for traders around the globe. Forex trading is typically focused on shorter-term strategies and smaller price movements compared to some other assets.

Forex brokers also offer leverage, but since the market is generally less volatile than some CFD markets, the risk levels might be perceived differently.

Key differences include:

Importance of Regulation

Regulation ensures that brokers operate fairly and transparently, protecting traders from fraudulent practices. It also provides a level of security for traders' funds, as regulated brokers must adhere to strict financial standards and reporting requirements.

Costs in CFD and Forex Trading

CFD trading may involve overnight financing fees for positions held beyond the trading day, adding to the cost of trading. In Forex trading, the primary cost is usually the spread, the difference between the bid and ask price, with no additional fees or commissions in most cases.

CFD Leverage

Higher leverage in CFD trading can amplify both profits and losses. For beginners, this increased risk can lead to substantial losses, so it is essential to use leverage cautiously and employ risk management strategies to protect investments.

CFD vs Forex Verdict

In this article, we looked at CFD vs Forex and tried to highlight both similarities as well as differences. We talked about some of the significant driving forces.

The beauty of CFD and Forex is that the initial required capital is lower than other financial products due to the high leverage offered. A trader can gain larger exposure with limited capital. The profits are also magnified.

However, a trader should always consider there may be a darker side of trading and profits cannot be always guaranteed. Losses do exist, but there are risk-management tools available to implement and minimize the risks.

Apart from this, it is always suggested to deal with a reliable, regulated, popular, and trusted brokerage agency for your CFD and Forex needs. A good broker matters the most in yielding positive results.

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

Reputable Cfd Vs Forex Checklist

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

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

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

Compare Key Features of CFD Brokers in Our Brokerage Comparison Table

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

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

Top 15 CFD Brokers of 2024 compared

Here are the top CFD Brokers.

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 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 IC Markets Roboforex eToro XTB XM Pepperstone AvaTrade FP Markets NordFX EasyMarkets SpreadEx
Rating
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) Financial Conduct Authority (FCA)
Min Deposit 200 10 100 No minimum deposit 5 200 100 100 1 100 1
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 180,000+ 1,000,000+ 30,000,000+ 1,000,000+ 10,000,000+ 400,000+ 300,000+ 10,000+ 10,000+ 142,500+ 10,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
Platforms MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
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roboforex
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etoro
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xtb
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xm
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pepperstone
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avatrade
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fpmarkets
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nordfx
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easymarkets
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spreadex
Risk Warning Losses can exceed deposits Losses can exceed deposits 51% of retail investor accounts lose money when trading CFDs with this provider. 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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 Losses can exceed deposits Your capital is at risk Losses can exceed deposits
Demo IC Markets
Demo
Roboforex
Demo
eToro
Demo
XTB
Demo
XM
Demo
Pepperstone
Demo
AvaTrade
Demo
FP Markets
Demo
NordFX
Demo
easyMarkets
Demo
SpreadEx
Demo
Excluded Countries US, IR, CA, NZ, JP AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, US, IN, PK, BD, NG , ID, BE, AU US, CA, IL, IR AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET BE, BR, KP, NZ, TR, US, CA, SG US, JP, NZ US, CA, EU, RU, SY, KP, CU US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE US, TR


All CFD brokers in more detail

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 2024 article further below. You can see it now by clicking here

We have listed top CFD brokers below.

Cfd Vs Forex List

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

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

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

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

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

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

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

eToro was established in 2007 and is used by over 30000000+ traders. 51% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 1000000+ traders. 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

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

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 400000+ traders. 75-95 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

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

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

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

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

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

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

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

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

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

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

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

Learn more Learn more about IC Markets.
Losses can exceed deposits
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Losses can exceed deposits