We found 11 online brokers that are appropriate for Trading CFD.
The first question with CFD vs futures is why the two are different. Many remain confused as both appear to be similar products. However, there are some differences.
Futures are basically traded on a stock exchange while Contract for Difference is not and this is traded directly with brokers and have lower entry barriers compared to futures.
The primary differences in CFD vs futures are in financing and liquidity. Futures are not easily completed compared to CFD. It also has higher entry barriers.
However, both the financial products are derivatives as the value of CFD or futures are based on the value of the underlying assets, which are usually a bond, commodity or action.
The primary similarity of the two is that both the tools are highly risky due to the leverage level offered. This is the reason some traders avoid trading either CFD or futures. However, it is suggested not to move away from it as a risk-management system is applied to minimize the potential losses. If profits are made, it is multiplied profits, far beyond what a trader earns without using leverage features.
Futures is a buying or selling agreement at a predefined price of an underlying asset on a predefined date in the future irrespective of the change of prices in between. A few of the examples of futures trading are stocks, currencies and commodities.
It is interchangeable transactions and traders do not seek to receive the assets. They benefit from the price movements of the assets. They take the opposition position, called compensation, of the existing open position until the contract date is reached.
CFD on the other hand underlines no predefined date or price. It is simply to pay the price differences of the underlying assets between entry and exit of position.
There's an important difference between the two. In CFD the effective counterpart of a trader is their broker, who quotes the prices of the underlying assets. Some say the broker manipulate the prices. But it is not true in practicality considering the immense popularity of CFDs in the industry and tough competition between the brokers.
Futures is traded in a centralized open market and this enables other participants to watch the quotes and rates. Traders get more selection of instruments.
Spreads are lower in futures and higher in CFDs while commissions are vice versa. Futures need a higher margin as transactions are executed with greater capital compared to CFD.
In futures the size of the contract is negotiated and usually traded on big exchanges. The minimum commitments are larger than CFDs as futures are basically used by big institutions including investment banks.
Let us check with an example. In CFD a trader can exchange 5 ounces of Platinum with lower capital compared to futures. A single futures contract represents 100 ounces of Platinum. This means CFD is comparatively more flexible and it is virtually found in every financial market like currencies, commodities, stocks, and indexes. Furthermore, just one or two CFD accounts is enough to vary trading with different brokers. CFD account opening is easier compared to futures account opening because of less regulation.
In both the products the brokerage agency charges interest. With CFD it is on a daily basis while in the futures the charges are clubbed with the asset value.
The daily interest with CFD is not much as it is a commercial vehicle, and a trader doesn’t keep it for long.
These are the pros and cons in CFD vs futures, but both the trading instruments play important roles in building a solid portfolio. There are notable similarities as well as differences and it is believed the primary question is answered that why the two are different.
Traders should understand both the financial products before trading on either. Financial instruments are market sensitive and are directly affected by breaking events. It is better to understand what the maximum losses could be and whether one has the capacity of undergoing extended losses.
It is to also good to note that profits cannot be guaranteed. Hence, one should always deal with a reliable regulated and trusted broker who can correctly guide with the pros and cons of the instruments and the volatility level of the industry.
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 Vs Futures 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
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eToro
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IC Markets
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XTB
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FP Markets
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Roboforex
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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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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) | 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) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 1 | 100 | 200 | 100 | 5 | 100 |
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Used By | 17,000,000+ | 60,000+ | 250,000+ | 10,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 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 | MT4, MT5, Mac, Web Trader, cTrader, 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 |
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Up with fxprimus |
Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 82% 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 | 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 |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Roboforex Demo |
Trading 212 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 | US, JP, NZ | US, JP | 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. |
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.