We found 11 online brokers that are appropriate for Trading Forex / CFD.
Forex is Foreign Exchange while CFD is an abbreviation of Contracts for Difference. The two are popular financial instruments and help traders in building up wealth faster earning through saving accounts.
In this article, we will discuss on Forex vs CFD. We will discuss its differences and We will find out what are the similarities between Forex and CFD.
The information may be helpful to investors or traders in overcoming investment risks and end up with satisfactory earnings from investing on financial markets.
However, it is important to mention that nothing is guaranteed in the Forex and CFD markets as various factors are responsible for their price movement.
CFDs' are basically a contract between brokers and traders to exchange entry and exit price difference, which is also known as a spread. The instrument is used in speculating Forex and other markets.
CFDs' offer added leverage which Forex trades do not.
Traders enjoy the flexibility of choosing currencies and their increment values when trading CFDs'. The gains or losses are calculated based on the entry and exit price difference (spread) and thereafter multiplying it by the number of CFD units. The calculation is simple.
CFDs' are complex and sophisticated while Forex is straightforward and easy. Forex is one of the largest traded instruments in the world and its daily average trading volume is at least USD $5 trillion.
There are some similarities in Forex vs CFD. No transfer of physical assets takes place in both the instruments.
Both are OTC (over the counter) products and their transactions are done through a network of financial institutions. Trade executions are the same for both and the same trading platforms are used in both Forex and CFDs.
Talking about leverage part, both offer access to margin. However, in CFD the margin is a fixed percentage like 10 or so percentage while in Forex it is a ratio like 1:5 or 1:10.
For example, if the leverage in CFD is 10%, a trader can start trading for $1,000 by investing just $100.
In the same way, in Forex a trader starts trading for $1,000 by investing $100 if the ratio is 1:10. It can be $1,000 investment against $200 capital if the ratio is 1:5.
Furthermore, the trading costs in both are based on the spread. This means a small percentage of the difference between entry and exit prices is the cost of trading Forex or CFD.
We just discussed similarities of Forex vs CFD. There are some significant differences among the two financial instruments.
CFDs' offer a range of contracts and there is comparatively more flexibility in the offerings.
The price of CFDs' depends on supply and demand of the traded asset while the value of currencies is based on several fundamental factors like policies of the government or economic condition of a nation.
Forex can be traded round-the-clock and a trader will get a better flexibility of trading. This is perfect for such traders who are busy during the day time with their professions and this means they can trade during the evening.
In CFDs' trading is based on the trading hours of the underlying markets, assets or commodities.
We discussed similarities as well as differences of Forex vs CFD. Investors need to understand the two aspects of both the financial instruments before making a decision which product can be best for them to build up wealth and meet financial goals in life.
Investors always need to be better informed before investing in any non guaranteed financial products.
The investments are hard-earned money and so you would need to be carefully nurtured until a maturity or financial goal is reached.
There is no broker, consultant or expert that is completely perfect while guiding you where to invest and so it is recommended to research the product, market, trend and other factors before investing money in Forex, CFD, ETF, stocks, commodities and other financial instruments.
If you are researching CFDs make sure to read through the below CFD related guides. You will find something useful.
We have conducted extensive research and analysis on over multiple data points on Forex vs CFD to present you with a comprehensive guide that can help you find the most suitable Forex vs CFD. Below is a list of what we consider to be the best Forex / CFD after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Forex vs CFD.
Selecting a reliable and reputable online Forex / 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 Forex / CFD more confidently.
Selecting the right online Forex / 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.
When choosing a broker for Forex / CFD trading, it's essential to compare the different options available to you. Our Forex / 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 Forex / CFD broker that best suits your needs and preferences for Forex / CFD. Our Forex / CFD broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Forex / CFD.
Compare Forex / CFD brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Forex / CFD broker, it's crucial to compare several factors to choose the right one for your Forex / CFD needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Forex / CFD. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Forex / CFD that accept Forex / CFD clients.
Broker |
IC Markets
![]() |
Roboforex
![]() |
Pepperstone
![]() |
XM
![]() |
AvaTrade
![]() |
XTB
![]() |
eToro
![]() |
NordFX
![]() |
Trading212
![]() |
FP Markets
![]() |
EasyMarkets
![]() |
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 | 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 | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | 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 | 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) | FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) |
Min Deposit | 200 | 10 | 200 | 5 | 100 | No minimum deposit | 50 | 1 | 1 | 100 | 100 |
Funding |
|
|
|
|
|
|
|
|
|
|
|
Used By | 180,000+ | 1,000,000+ | 400,000+ | 3,500,000+ | 300,000+ | 581,000+ | 30,000,000+ | 10,000+ | 15,000,000+ | 10,000+ | 142,500+ |
Benefits |
|
|
|
|
|
|
|
|
|
|
|
Accounts |
|
|
|
|
|
|
|
|
|
|
|
Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps |
Support |
|
|
|
|
|
|
|
|
|
|
|
Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with pepperstone |
Sign
Up with xm |
Sign
Up with avatrade |
Sign
Up with xtb |
Sign
Up with etoro |
Sign
Up with nordfx |
Sign
Up with trading212 |
Sign
Up with fpmarkets |
Sign
Up with easymarkets |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 74-89 % of retail investor accounts lose money when trading CFDs | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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 | 81% 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. | 77% of retail investor accounts lose money when trading CFDs with this provider. | 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. | Losses can exceed deposits | Your capital is at risk |
Demo |
IC Markets Demo |
Roboforex Demo |
Pepperstone Demo |
XM Demo |
AvaTrade Demo |
XTB Demo |
eToro Demo |
NordFX Demo |
Trading 212 Demo |
FP Markets Demo |
easyMarkets Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EU, FM, FR, GW, ID, IR, JP, LR, MP, NL, PF, RU, SE, SJ, SS, TL, TR, US | 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 | BE, BR, KP, NZ, TR, US, CA, SG | US, IN, PK, BD, NG , ID, BE, AU | 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, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, KR, | US, CA, EU, RU, SY, KP, CU | US, CA | US, JP, NZ | 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 |
You can compare Forex / 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 Forex / CFD for 2023 article further below. You can see it now by clicking here
We have listed top Forex / CFD below.
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. 77% 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.
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.