Our latest top 10 best CFD broker review helps you find the right CFD trading platform among other best CFD brokers UK & Australia. We have reviewed over 180 brokers, brands, markets, and shortlisted what cfd brokers offer to beginners and professional traders.
We’ve compared CFD fees, product, deposit and withdrawal methods, mobile trading apps, and more. We recommend trying any or all brokers to see their quality of service realize what retail CFD accounts lose money and what type of accounts make money.
Best CFD Brokers in October, 2021
| Online Brokers | Trading Platform | Open Account | ||
|---|---|---|---|---|
AvaTrade | Trading App, MT4, MT5, Web Trader, AvaOptions | Open Account | ||
| 2006 | 20% Bonus | Trading App, MT4, MT5, Web Trader, AvaOptions | ||
Trade Nation | MetaTrader 4 | Open Account | ||
| 2010 | Spreads from $0 | ASIC | ||
Pepperstone | MT4, MT5, Web Trader | Open Account | ||
| 2010 | Best in UK | MT4, MT5, Web Trader - CYSEC, BAFIN, CMA, SCB, DFSA, ASIC, FCA | ||
FP Markets | Iress, MetaTrader | Open Account | ||
| 2005 | 0.0 Pips | ASIC, CySEC | ||
eToro | Trading App, MT4, MT5, Web Trader, Copy Trader | Open Account | ||
| 2007 | Best for Copy Trading | NFA, CySEC, ASIC, CFTC, MiFID, FCA | ||
FXCM | MT4, MT5, Web Trader | Open Account | ||
| 1999 | $0 Rollover Fees | FCA, ASIC, SFC, CONSOB, BaFin, ACP | ||
Best CFD Brokers
- Pepperstone: Best UK CFD Trading Platform
- AvaTrade: Best CFD Trading App
- Trade Nation: Best CFD Platform Australia
- FP Markets: Best CFD Broker for Stock Trading
- FXCM: Best Broker For Share Trading
Best CFD Trading App: AvaTrade
It’s known to all traders that AvaTrade is another best low fees Broker that offers one comrehensive IOS trading app and Android trading app with low fees CFD trading service. Overall, trading with AvaTrade is cheaper than many other brokers such as IG. From the business model standpoint, AvaTrade makes money by charging spreads.
You can use many payment methods to deposit funds to your account or withdraw funds from your account.
Low cost CFD broker
The payment options that AvaTrade offers vary from a digital wallet, actual wire transfer to and from an actual bank, and even payment providers such as PayPal. Here is the complete list:
AvaTrade is among the cheapest cfd broker and is a broker that accepts PayPal to deposit funds to your account. You may also use your Credit card, which is faster than a Wire transfer. Overall, more than 25 payment options are available to you.
AvaTrade charges a 0.5 average spread cost for S&P 500 CFD, which is considerably low.
The account opening process takes minutes literally, and you’d be on your way to invest in CFDs. If you are interested in options and want to open an options trading account, you can see their competitive price.
You can use these links to open a Demo account on AvaTrade, which is great for beginners, or choose to open a real trading account on AvaTrade and deposit $100 to get started.
CFD Trading Platform Review
You can use our interactive cfd platforms comparison tools to either review the best online brokers or install the best investing apps. However, for this review, we would like to share a simple comparison table to show you AvaTrade forex fees and compare CFD trading platforms with XM & Plus500.
| Forex Scenario | AvaTrade | XM | Plus500 |
|---|---|---|---|
| EURUSD | 19.2 | 17.1 | 17.2 |
| GBPUSD | 15.7 | 13.8 | 14 |
| AUDUSD | 12 | 13.9 | 12.6 |
| EURCHF | 8.5 | 9.1 | 9 |
| EURGBP | 14 | 12.2 | 12.6 |
“Illustrative prices.”
Best High Margin CFD Broker
AvaTrade offers one of the best no-commission trading platforms for beginners and professional traders.
Apart from “AvaOptions,” their modern trading Apps, AvaTrade is one of the best MetaTrader 4 brokers. Since the default CFD platform, you can use is based on MT4 (familiar to all traders), you can easily set up your account and fully customize your trading environment and dashboard.
Here are your choices of the top 10 best high margin CFD trading platforms:
- AvaTrade offers “WebTrader”. If you prefer to find the best cfd to trade on your browser, just know that it is a web-based trading platform powered by “Web Trader.”
- The desktop trading platform is powered by MT4 and is available for windows and Mac users.
- For trading apps lovers, Avatrade offers “AvaTradeGO” for Android and IOS users.
What are the three main categories of CFDs?
If you want to trade, you should know what type of CFDs are available. Firstly, when trading CFDs, you must be aware that a trader will not control the assets represented by the CFD. There are three main categories of CFDs
The concept of a CFD is that you can trade the price change without actually owning the asset. Some are short-term, and some are long-term, and you need to understand which type of contract you are trading based on your investment strategy.
Having access to top-tier trading tools is essential to being able to operate your CFD account profitably. Whether you’re using an open-source exchange like Cryptsy or a centralized broker such as Cboe Global Markets, ensuring you have access to the maximum number of capabilities is essential to your trading success.
There are three main categories of CFDs: open, active, and passive. The main difference between them is how the money is invested. If you have a few million dollars lying around, then passive operations may be your only option as few institutions are willing to take on risks with you.
Best UK CFD Trading Platform: Pepperstone
Pepperstone is an award-winning FX and CFDs broker chosen by 300,000* traders globally. As a top level cfd brokers uk, it offers you to trade 1000+ instruments including commodities, cryptocurrencies**, shares, ETFs and more.
Regulated in seven jurisdictions, Pepperstone delivers top-quality pricing, products, speed and service to traders all over the world.
Pepperstone was founded in 2010 by a team of experienced traders who shared a commitment to improving the world of online trading. Since then the broker has grown rapidly and is now one of the largest MetaTrader and cTrader brokers in the world.
Is Pepperstone Regulated in UK?
Today Pepperstone is a multi-regulated firm with offices in London, Cyprus, Düsseldorf, Melbourne, Dubai and Kenya.
Pepperstone is well regulated by top financial authorities in both markets:
- The Financial Conduct Authority (FCA) in the United Kingdom
- Australian Securities and Investments Commission (ASIC) in Australia.
During liquid times, the spreads that Pepperstone charges might go as low as 0 pips on the major trading currencies such as EURUSD.
Pepperstone’s portfolio of trading instruments is mainly around Forex, Indices, Commodity CFDs, Share CFDs, Cryptocurrencies and Currency Indices.
Apart from that, the online trading platforms that Pepperstone offers are MT4, MT5, and their CTrader software (developed by Spotware) which is one of the best forex brokers for beginners.
The tools and charting that you’ll find in MT4 platform is comprehensive and easy to customise.
Also, the broker is offering fair educational materials such as webinars, plus a demo account that helps you practice trading before doing the actual job.
Our editorial team have tested their online platform and evaluated their service, and decided to rate Pepperstone as:
- Best UK CFD Trading Platform
- Top CFD brokers in Australia
- Best cfd trading platform UK for beginners
Pepperstone is a no deposit broker which makes it easy to start, especially for beginners. The index fees that they charge for forex and equity are pretty low as well. The bright side is their decent customer support too. Lets deep dive to other aspects of this broker and help you get started.
Why Trading with Pepperstone?
Razor-Sharp Pricing
Pepperstone uses multiple liquidity providers from Tier 1 banks to give clients access to razor sharp pricing and deep liquidity on all instruments. All trades are filled in full, with no partial execution or requotes on market orders.
Access spreads as low as 0.0 pips^. Competitive prices include:
- 14 Major FX pairs with spreads from 0
- Spot gold spreads from 0.05
- GER30 spreads from 0.9
- NAS100 spreads from 1
- Crude oil spreads from 2
- Many more instruments with razor sharp spreads.
Reliability
Get 99.9% fill rate1, fast execution and no dealing desk intervention on all trades.
Seamless Trading
All Pepperstone traders have access to their own personal client area where they are able to fund and withdraw securely and without incurring any fees. There are a full range of funding and withdrawal options available.
At Pepperstone, you can deposit and withdraw money via bank transfer, debit or credit card or from the following electronic wallets: POLi, BPay, PayPal, Neteller, Skrill, Union Pay.
Basic withdrawal and depositing with Pepperstone is free of charge.
Click here to find more information on Pepperstone’s Funding and Withdrawals, customer support and review all Pepperstone’s spreads
Exceptional Customer Support
Pepperstone has achieved worldwide trust because of their award-winning customer support. The broker takes pride in its exceptional client service, offering multilingual support 24hr 5 days a week and 18hr on weekends across email, live chat and phone.
What are Pepperstone Alternatives?
To choose the right broker you must know how CFD brokers make money. Whether they charge you commissions, spreads, or hedging, you should be smart and be aware of the other fees that online brokers might charge you. The numbers are for illustrative purpose only**
Generally a broker charges you a fee when you perform any trade on their platform. This is called “Trading Fees” and come in forms of:
- Commissions
- Spreads
- Financial Rates
- Conversion Fees
Pepperstone Platforms and Tools
With Pepperstone you can choose to trade on the most popular MT4, most powerful MT5 and most user friendly cTrader.
These platforms are available on Windows and Mac OS for desktop, iOS and Android for mobile and tablets, and on our web app, WebTrader.
Pepperstone offers a wide range of Smart Trader Tools. They’re easy to use, install and access, and are exclusive to MetaTrader 4 and MetaTrader 5 (minimum £100 account balance required).
You can explore the full range of tools available including:
- Mini Terminal and Smart Lines: manage your risk like a professional with our most popular risk management tool.
- Trade Terminal with enhanced functionality: control all your trades from a single and powerful terminal.
- Correlation Matrix: master the ability to trade non-correlated currency pairs.
Pepperstone Educational Resources
Catering to both the new and experienced trader, Pepperstone offers access to a wide range of educational resources.
With their own team of global market analysts, the broker provides clients with high impact economic event coverage, expert commentary, videos and more. Explore Pepperstone’s market analysis section here.
Pepperstone also offers a wider range of trading guides categorised by beginner, intermediate and advanced levels. Such guides include ‘Five Ways to Survive in Extreme Volatility’, ‘What are the benefits of EA trading?’ and ‘How to develop a Trading Plan’.
Every week Pepperstone invites its traders to attend expert-led webinars, including the Sunday Night Pre Market Open webinar. Every Sunday a group of professional traders discuss crucial events and political news that will impact markets ahead of ‘market open’.
What Trading Products does Pepperstone offer?
Pepperstone Trading Instruments:
The trading options that are available to you at Pepperstone are:
- Forex
- Indices
- Commodity CFDs
- Share CFDs
- Cryptocurrency
- Currency Indices
Tip: When you buy with no leverage (leverage=1) you buy real stocks and not contract for difference.
That’s why Non-leveraged buy positions for equities, ETFs and cryptocurrencies (digital currency) are traded as real assets. (You might want to learn hedging strategies and be aware of the risks of price movements)
All other positions are kind of contract for difference (this applies to CFD traders). An example could be leveraged buy positions and all sell positions of stocks, ETFs and cryptos as well as all forex, commodities and indices positions.
Disclaimer: Indicative prices; current market price is shown on the broker’s trading platform. Past performance is not an indication of future results. The trading history presented is less than 5 years old and may not suffice as a basis for investment decisions. This post is not investment advice.
Pepperstone’s Commission Structure
| Trading account currency | Commission per 0.01 lots (1000 base currency) | Commission per 1 lot (100,000 base currency) |
| USD | USD 0.04 (USD 0.08 round turn) | USD 3.50 (USD 7 round turn) |
| EUR | EUR 0.03 (EUR 0.06 round turn) | EUR 2.61 (EUR 5.23 round turn) |
| GBP | GBP 0.02 (GBP 0.05 round turn) | GBP 2.29 (GBP 4.59 round turn) |
| CHF | CHF 0.03 (CHF 0.06 round turn) | CHF 3.30 (CHF 6.60 round turn) |
| Trading account currency | Commission per 0.01 lots (1000 base currency) | Commission per 1 lot (100,000 base currency) |
| USD | USD 0.04 (USD 0.08 round turn) | USD 3.76 (USD 7.53 round turn) |
| EUR | EUR 0.03 (EUR 0.06 round turn) | EUR 2.61 (EUR 5.23 round turn) |
| GBP | GBP 0.02 (GBP 0.05 round turn) | GBP 2.29 (GBP 4.59 round turn) |
| CHF | CHF 0.03 (CHF 0.06 round turn) | CHF 3.30 (CHF 6.60 round turn) |
The best CFD trading platform
After careful evaluation, we believe Pepperstone is among top-tier stocks cfd brokers, especially when it comes to trading CFD and forex. The overall pros and cons are:
Pros and Cons
Pros:
✓ Spreads from 0.0 pips*
✓ Top tier liquidity
✓ Fill rate of up to 99.9%1
✓ 30ms execution
✓ No dealing desk intervention
✓ #1 for overall customer satisfaction2
✓ Reliable platforms
✓ Regulated in 7 jurisdictions
✓ 1000+ CFDs
✓ EA trading
Cons:
X Demo account is not unlimited
X US traders are not permitted to open an account
Plus500: Best CFD Broker for Professional Traders
There are several criteria to choose the best CFD Provider. We found Plus500 CFD fees competitive when compare CFD trading platforms with eToro and FXCM fees. Plus500’s revenue model is Buy or sell spreads; however, you can see charges from these 4 services on your dashboard.
- Overnight Funding
- Currency Conversion Fee
- Guaranteed Stop Order
- Inactivity fee
If you are interested to know, we have discussed in detail how do CFD brokers make money. In this case, unlike many expensive CFD platforms, you won’t pay a fee for the following services:
- just like other best no deposit brokers, you will not pay Deposits fees
- Live share CFD prices.
- Real-time forex quotes
- Opening/closing trades
- Dynamic charts & graphs
- For rolling your position
If you are interested in seeing the fees for S&P 500 CFD, Europe 50 CFD, EUR USD, we have listed them below. By the way, these fees are built into the spread.
✓ For S&P 500, Europe 50, EURUSD, the spreads, and fees are calculated as per market condition, and they are variable.
✕ There is an inactivity fee of $10 per month after 3 months – Average.
We have compared Plus500, XTB, and eToro together and prepared their CFD fee comparison table below. It’s worth having a look.
The Best High Leverage CFD Broker
You can compare the best CFD trading platforms that offer high leveraged products
Since you know what is CFD and how does it work, Let’s make a comparison and have a look at CFD fees and compare it with eToro & XTB CFD commissions.
| CFD Fees | Plus500 | eToro | XTB |
|---|---|---|---|
| S&P 500 index CFD fee | $2.1 | $2.2 | $2.0 |
| Europe 50 index CFD fee | $1.3 | $2.7 | $2.2 |
| Apple CFD fee | $8.9 | $6.3 | $17.9 |
| Vodafone CFD fee | $7.6 | — | $20.9 |
“Illustrative prices”
What Can You Trade With CFD Brokers?
Even though Plus500 has a global presence and is very active in most countries, its portfolio and the offer are limited to CFDs.
You won’t be able to change the leverage level; This is a negative point. To trade Foreign currency, you can visit our top 10 best forex brokers list.
If your profile’s security matters a lot to you, it’s easy to use a two-step authentication feature of Plus500. This increases your safety level.
The trading platform that Plus500 uses is not the usual MT4. It also does not offer a desktop trading platform.
On the other hand, Plus500 embraced Web traders and encouraged online traders to use browsers or install Plus500 trading mobile app that works just fine on iPad, iPhone, and Android. Although it’s not based on desktop, web trader, and mobile apps’ search functionality is very smooth and strong.
It’s easy to place orders. In fact, you can place it with the following order types:
- Market
- Limit
- Stop
- Trailing stop
At a glance Plus500 trading app looks like this:
‘illustrative prices.’
Best online cfd trading platform
Top CFD brokers list
Plus500 is one of the most popular online providers in the world. The company established its first office in Israel in 2008. Plus500 managed to get publicly listed on the London Stock Exchange and be known as a credible CFD provider in a short period. It’s also regulated in the following financial markets:
- Plus500UK Ltd is authorized & regulated by the FCA (#509909).
- Plus500CY Ltd authorized & regulated by CySEC (#250/14).
- Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018).
- Plus500SEY Ltd is authorized and regulated by the Seychelles Financial Services Authority (Licence No. SD039).
- Plus500AU Pty Ltd (ACN 153301681), licensed by ASIC in Australia, AFSL #417727, FMA in New Zealand,
- FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546.
Best cfd provider UK
Why pay overpriced trading fees when trading with best cfd brokers in uk?
If low costs and straightforward commission structures are your things. There are various reasons to choose a low-cost CFD broker, but the main one is because they have no commissions. This means you get the full value of your investment!
Why choosing a low-cost CFD broker? Whether you’re looking for a CFD broker comparison or don’t want to spend too much money on your trading, a brokerage that doesn’t charge commission is your best bet.
Simply put, commission refers to the amount of cash invested in buying or selling a stock. At the moment, no commissions are used by most brokers as financial institutions tend to use spreads instead.
Unlike its competitors, eToro and AvaTrade, innovating in forex and CFD markets, Plus500 research functionality is not premium.
Basics work fine; for instance, the charting feature is convenient.
The search functions are very user-friendly and designed with simplicity in mind.
As for Market research, you might often think about good brokers because you want to have access to the best features in your CFD platform. Something like ‘Market sentiment’ illustrates the long and short positions of a percentage of the clients.
Plus500 offers an economic calendar that covers important events regularly. It looks like this:
Best CFD Brokers For Beginners
It is easy to start with CFD trading as a beginner, but there are some things you need to consider before you begin. If you’re looking for a list of the best CFDs broker, or you want to know more about CFD trading, then you’ve come to the right place.
Plus500 might not be the best CFD platform for beginners, but it definitely offers exclusive advantages to professional traders with a proven record.
As for education and trading articles, we have created plenty of guides for the newbie to learn how to trade with the best robo advisors. Plus500 education is not that comprehensive, and all they offer is a demo account and a trading guide.
Best CFD brokers Australia
After careful evaluation, we believe plus500 is among the top-tier CFD providers in Australia, especially because of its regulation history, safety, and low CFD fees.
The company is listed in the London stock exchange and regulated in the UK, Australia, Cyprus, South Africa, New Zealand, Singapore, Israel.
Overall, plus500’s trading fees on CFD are comparatively low.
As for withdrawal, you can withdraw for free up to five times a month. Once you exceed that limit, you will be charged a withdrawal fee.
The CFD account opening process is instant, automated, and very smooth.
Just remember that plus500 might charge you $10 inactivity fees per 90 days of inactivity.
Educational materials are not extensive and do not offer that much online trading training for beginners.
Best Crypto CFD Broker
Due to the U.S. and Canadian regulations, citizens of these 2 countries cannot open the CFD account with Plus500. Citizens of other countries are fine to go through the account opening. By the way, there is only one choice of accounts with Plus500.
Customer support is another important part. Overall, Plus500’s support team is responsive and helps you via their live chat sessions. On the contrary, we had experienced delays when contacting them via email, which we think is not positive.
Their support is not limited to weekdays because they have established a 24/7 support mechanism that is a plus point.
Innovative Brand of CFD Broker: Trade Nation
CFD trading is one of the most popular ways to trade on the stock market as a beginner. By using CFD trading, you can make better use of your cash by avoiding fixed-price spreads. By simply converting your investment to CFD shares, many of you will see a reduction in trading costs too.
Trade Nation’s portfolio is very comprehensive. The broker offers over 2,500 financial instruments to traders. They are also considered the best forex broker in the UK for their new approach towards trading.
Besides, CFD offers Its portfolio of trading instruments that covers Forex, indices, stocks, commodities, and bonds.
While Trade Nation claims that they bring a fresh approach to trading, we recommend you to try their trading platform and examine their approach for yourself to see if it matches your trading strategy and risk profile.
What Is The Best Mobile Trading Broker?
As one of the best CFD trading platforms in Australia, Trade Nation offers clients the ability to trade on its proprietary Trade Nation Web trading platform, as well as the MetaTrader4 broker desktop platform. The platform features are highlighted below:
Trade Nation Web Platform:
- Simple and easy-to-use trading interface.
- Free Smart News.
- Free FCA-regulated trading signals.
- Interactive charts.
- No download is needed.
- Tight, fixed spreads 24/5.
Trade Nation MT4:
- Variety of technical tools and indicators.
- EAs available.
- Multiple order types.
- One-click trading.
- Advanced charting capability.
CFD Mobile Trading
As a Trade Nation client, you can access mobile trading on the go from the Trader Nation mobile trading app for Android and iOS systems. The app download links can be found in the Google PlayStore or Apple AppStore.
The Trader Nation mobile trading app provides a range of different features, including:
- Trade and manage your account on the go.
- Simple and intuitive user interface.
- Real-time quote streaming.
- Charting and live trading.
The Best CFD Portfolio & Market
In regards to trading fees, the broker offers some of the lowest fixed spreads in the industry. As a trader on Trade Nation’s trading platform, you might be entitled to a monthly cash rebate too. As we go deeper into this review, we will talk about the value propositions and benefits that you get when trading with Trade Nation, so keep reading.
Best Online Stock Trading Sites
10 Best CFD Brokers For The New Traders
You borrow money to open position sizes that are much bigger than the amount you have available in your account. The high leverage is also what makes this form of trading so risky. Because when you are trading CFDs, your profit or loss depends on the underlying asset’s movement.
Trading CFDs means you will be playing with leveraged products. That’s why it’s a high-risk business. You can deposit just a fraction of your trade’s value to open a position using your margin.
What market is best for part-time CFD trader?
Compare CFD Trading Platforms
Because the XM platform is powered by MT4 & MT5, you can use EA/Expert Advisors. Besides, it’s easy to customize your dashboard, charts, reports.
XM trading platform gives you Automation capability and access to the following technical indicators. (It’s not available to everyone, You must contact your Account manager, though).
- Analyzer Indicator
- ADX & PSAR Indicator
- Bollinger Bands Indicator
- Ichimoku Indicator
- River Indicator
- Ribbon Indicator
XM Group offers trading signals through MQL5. The advantage of using MT4 with XM is having smooth access to signals of MQL5 because the same company develops these two platforms.
Best CFD Account Types for Beginners
We often refer to CFDs as high-risk products. When we talk about penny stocks, you should remember that they are very risky products, which can also be very profitable.
You can open your live trading account with the best brokers for penny stock trading and buy your penny stocks with CFD trading.
That means you should search for companies that are either showing promising market share in the future or have an innovative IP or a breakthrough that can be the next big thing. Remember, their stock price should be below $5. this way, you can even buy shares that are less than $1.
XM offers trading assets in the forms of:
- Forex Trading
- Growth Stocks
- Commodities
- Equity Indices
- Precious Metals
- Energies
To know what to trade with XM, you must first get the hang of the trading accounts and commission structure. Here is a breakdown of accounts:
Micro Account or Standard Account:
- Pay zero commission – Spreads are higher.
- Flexible in choosing these base currencies: (USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR),
- Your Minimum deposit is 5$.
Zero Account:
- You pay commissions – Very low spreads.
- Base currencies are UDS, JPY, EUR.
- The minimum deposit is $100.
XM Ultra-Low Account:
- Base currencies are: (EUR, USD, GBP, AUD, ZAR, SGD).
- Low spreads – Zero commission.
- The minimum deposit is $50.
Best CFD Broker in Canada
XM is a top regulated CFD broker and part of XM group & Trading Point. The brokerage company is regulated in most financial markets, such as:
- United Kingdom: (FCA), Financial Conduct Authority for CFD brokers in the UK.
- Cyprus: Securities and Exchange Commission (CySEC).
- Australian Securities and Investment Commission (ASIC). It’s one of the best CFD brokers in Australia.
- International Financial Services Commission (IFSC)
XM’s investor protection amount is up to €20,100 only if you are from EEA Countries
Best CFD Trading Platform Australia
When it comes to research, apart from trading tools and MQL5, XM offers the following services:
XM publishes the latest CFD market analysis and market news.
You can find the market summary and trade ideas on a different instrument.
A comprehensive technical analysis of major and FX CFDs is often published and discussed on their public platform.
In case you are looking for technical summaries, you can find something like this:
Best CFD broker in South Africa
XM is not only a regulated broker but also is among the best CFD brokers in South Africa. It offers a fast & Free withdrawal process and low CFD fees, making it a competitor to the other online brokers.
As one of Australia’s top 10 best CFD brokers, XM provides an easy-to-use trading platform powered by MT4, MT5. If you are a fan of signals and trade with EA and Trading signals, you can utilize these features in the MQL5 platform. We believe this could be a plus point for XM.
Web Traders can enjoy using their platform on different compatible browsers; however, it has drawbacks and lacks features such as alerts and notifications.
A big plus point is trading videos and trading educational repositories, webinars, and news feeds. Inexperienced CFD traders will learn a lot.
The economic calendar and market analysis are pretty up-to-date.
Obviously, XM’s low CFD trading fees, along with a demo account that you can open in a matter of a second, is a plus point.
We have analyzed all account types in the review, and we think the flexibility and structure are clear for traders of all categories.
The minimum deposit is $5 for a Micro account and Standard account. In fact, not forcing you to deposit a couple of hundreds of dollars, to begin with, is another reason to nominate it to be a good CFD broker for beginners too. Remember, the deposit amount can go up to $100 for Zero accounts. It’s worth giving it a try.
Best Low Commissions CFD Platform
What CFD broker offers Zero commissions and tightest spreads?
Xtb brokerage services and its revenue stream is mostly through:
- Spreads
- Commissions
- Swap
The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into the spread.
✓ S&P 500 CFD fee is 0.6 average spread fee – This is low.
✓ Europe 50 CFD fee is 2.2 average spread – This is low.
✓ EUR USD fee is €3.5 /£2.5 /$4 per lot for Pro accounts – This is low.
✓ There is no inactivity fee which is also considered good.
You can use Pound and Euro accounts or cards to deposit funds into your account. Using other currencies might incur additional fees.
This table shows the XTB commissions:
Let’s compare Forex fees of XTB Vs eToro VS IC markets.
| Benchmark Fees | XTB | IG | eToro |
|---|---|---|---|
| S&P 500 index CFD fee | $2.0 | $2.1 | $2.4 |
| Europe 50 index CFD fee | $2.2 | $1.6 | $2.7 |
| Apple CFD fee | $17.9 | $31.9 | $6.3 |
| Vodafone CFD fee | $20.9 | $25.7 | — |
Best DMA CFD Brokers
XTB offers all 3 trading platform types, mobile CFD trading Apps trading, desktop trading software, and web trading app. One of XTB’s trading platforms is powered by MetaTrader. MT4 has been the backbone of most online brokers.
Additionally, XTB has also built an in-house stock trading app called “X Station”. XTB is not based on desktop and is a web-based trading platform, so you are not limited to your device. Sadly, no automated trading capability is offered, so algorithmic traders can only use MT4.
Of course, commissions and spreads matter the most to traders, but getting your hand on a good trading platform can make things easier. Is a dream.
Besides being able to trade on your smartphone, they offer best app for cfd trading on IOS & Android. Both apps offer great features such as alerts, push notifications or enhanced touch experience to trade CFD by swiping right or left.
You can also enable a two-step login feature in your profile and receive a code whenever you or anyone logs in to the system.
Best CFD Stocks to Trade
While trading CFD with regulated brokers is legal in certain countries, we can not really define the safety level of best cfds to trade because trading is precarious, even best cfd stocks are risky.
XTB has a strong brand in the market and has been operating in the industry for almost 15 years and offers the best CFD stocks to buy. XTB offers the following CFD trading assets:
- FOREX
- INDICES
- COMMODITIES
- STOCK CFDs
- ETF CFDs
- CRYPTO
Is CFD Trading Safe?
What is The Best UK CFD Broker
[FCA Regulated]
XTB is a stock exchange-listed CFD broker based in Poland. It that was established in 2002 and ever since has been regulated by the following regulation body, and authorities:
United Kingdom: (FCA), the Financial Conduct Authority.
Cyprus: Securities and Exchange Commission (CySEC).
Poland: (KNF) the Polish Financial Supervision Authority.
(GySEC) the Cyprus Securities and Exchange Commission.
Belize: International Financial Services Commission of Belize (IFSC).
What can a cfd brokers offer?
In this CFD trading brokers review, we tried to explore each broker’s pros and cons, and when evaluating XTB, we felt that the research capability of Xtb is decent.
You can easily find a daily summary of the financial market. These summaries and posts are being published on the XTB portal daily and cover a good portion of events that impact traders.
- With market sentiment, you would compare the portion of sellers vs. buyers of each market and instrument.
XTB offers one more useful tool called the ‘Heatmap,’ which visually shows the winners and losers.
Decent technical analysis tools are available in more than 20 languages (if you use MetaTrader 4) and engage you with its user-friendly environment and nice interactive charts. The charts and charting tools are pretty good. It saves automatically and lets you play around with around 70 indicators.
Best CFD Brokers for Precious Metal Trading
Xtb online trading is one of those brokers that match the newbie’s skill set. Meaning it offers one of the top 10 CFD trading platforms for beginners who want to use trading guides, demo account, and gradually trade online. You will get a demo account and sufficient balance to begin practicing.
You can access Xtb’s trading academy and easily filter your training based on level or subject.
For instance, when you opt-in for a market analysis course, you will learn:
- How to find out the sentiment of traders: Market Sentiment shows you how traders are positioned in different financial markets
- How to use stocks screener in xStation5
- How to determine a trend with heatmaps
Best CFD Indices Broker?
After careful evaluation, we believe XTB is among the best low fees CFD brokers in 2021.
First, XTB is regulated and listed on the stock exchange; that makes it reputable and safe. Several financial authorities also regulate it.
From the broker’s fees perspective, Xtb stock index CFD fees are low. You can easily withdraw your money for free. On the negative side, XTB’s stock CFD fees are relatively higher than their FX fees.
A side note; the broker’s trading portfolio and offers are limited to Indices, Currency trading, and CFDs.
Opening a trading account with Xtb online trading is more than easy, and you can get your account approved in one to three days. However, GSLOs or guaranteed stop losses that protect you from market gap risks is not offered by Xtb. the best
What is The Best Stock CFD Broker?
When trading CFDs, you must know that apart from price fluctuations caused by the market, your stock price might change based on pre-market price, Market Price, and Aftermarket price.
It’s also essential to ensure that your CFD trading app offers stocks in domestic and international markets. For example, if you are an Australian citizen, your broker automatically offers ASX stocks, but they might not access Nasdaq and NYSE stocks.
One of the most important factors that concern both beginners and professional traders is brokerage fees. That includes “Trading Fees” & “Non-Trading Fees.”
The second priority is trading instruments & financial products, withdrawal fees, fx trading platform, research tools, education, and investor protection that comes after.
Top Stock Broker in the UK
Before we share the top CFD brokers of the year, let’s have a look at the characteristics of the best CFD brokers in today’s market.
When it comes to online Trading, finding the best currency brokers in 2021 can be as difficult as a decent broker that offers a profitable contract for difference. The recent economic impact on the global economy was enough reason for unregulated brokers and the forex scams to stay away from.
Here is what you need to do if you are a beginner, be cautious when trading FX because the instruments are risky & you might lose your capital. If you’re not ready, you can start reading our trading blog and open a demo account in one of the top forex brokers to practice.
If you’re an experienced trader, go ahead and review the factors below, switch from your broker to the best brokers, or open a new live trading account.
How to Compare Best CFD Brokers?
Not all CFD brokers have the same business model. So it’s wise to compare CFD brokers to know how do CFD brokers make money. When you compare CFD platforms, you can clearly see that their revenue stream can vary from region to region. When it comes to IG markets, these are different fees that you might end up paying:
- Spreads or Commissions
- Share CFD commission
- conversion Rate
- Guaranteed stop premium
- Margin
- Slippage
- Volume-based rebates
- Overnight fees
- Inactivity fees
- You are not allowed to hedge, so hedging strategies* is not an option when trading with plus500.
If playing around with leverage matters to you, you should know that you Can Not change the default leverage.
IG’s fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spread:
✓ For S&P 500 CFD, the fee is 0.6 average spread.
✓ For Europe 50 CFD, the fee is a 1.5 average spread fee.
✕ For EURUSD, the fee is €0.7 for each lot for PRO accounts, which is also low.
✕ There is an inactivity fee of $12 per month after 2 years.
Let’s have a look at IG Forex fees and compare it IG Alternatives, with XTB Fees & eToro fees.
| CFD Scenario | IG | XTB | eToro |
|---|---|---|---|
| S&P 500 index CFD fee | $2.1 | $2.0 | $2.4 |
| Europe 50 index CFD fee | $1.6 | $2.2 | $2.7 |
| Apple CFD fee | $31.9 | $17.9 | $6.3 |
| Vodafone CFD fee | $25.7 | $20.9 | — |
Compare Top CFD Platforms
When you compare CFD brokers in the UK, Australia, Ireland, and other developed countries, you can see that Ig is one of the most regulated platforms and operates legally in most jurisdictions.
Since IG uses MetaTrader 4, you can build your algorithm on a secure automated trading platform And easily work with your EA strategies in more than 57 forex markets.
IG is also a good broker for risk management, especially when their platform gives you features to set up price change alerts.
As soon as you create your “instant buy and sell price alert,” which needs to be done once only, you’ll receive free notifications either via SMS, e-mail, or push notification on your smartphone. Here is a sneak preview
Their Charts are standard and the common MT4 charts that you get, but you can easily conduct a search and find CFD instruments since it’s connected to the IG portfolio. Regular News is also available.
Finally, the IG platform comes in the form of an iPhone trading app or Android trading app; Obviously, because meta trader supports many languages, you can change the dashboard to your preferred language.
Best CFD Trading App in UK?
Like how Australian google for best CFD trading Australia reviews and they land here, UK traders are looking forward to comparing and reading about UK CFD brokers in the UK and knowing more about the best trading app in the market.
When comparing CFD trading apps, you need to make sure that they offer domestic and international stocks. Needless to say, your platform must be fully regulated. IG is regulated in different regions:
- Europe:
(FCA): Financial Conduct Authority in the UK.
Federal Financial Supervisory Authority (BaFin) in Europe.
Swiss Financial Market Supervisory Authority (FINMA). - Oceania:
Australian Securities and Investment Commission (ASIC).
Singapore Monetary Authority of Singapore (MAS).
Japanese Financial Services Authority (FSA).
Financial Markets Authority (FMA) of New Zealand. - Middle East:
South Africa & Dubai (Financial Services Authority (DFSA)
(FSCA), Financial Sector Conduct Authority)
The amount of investor protection is £85,000 for UK residents, Swiss 100,000 CHF, and €20,000 for Europe. Since Canada and USA regulation is different from the rest of the world, we have listed the canadian forex brokers here. PLEASE NOTE THAT TRADING CFDS IS NOT YET ALLOWED IN THE USA.
Best Broker for Trading CFD?
Best Index CFD Broker?
When we evaluated IG research tools, these highlights came up:
- News Feed
- Charting
- Trading Ideas
- Technical Analysis
The good news is that you have plenty of technical analysis and the latest research at your disposal when trading CFD with IG.
‘Market sentiment’ is also available in IG. AS you know, it tracks the long and short positions of traders and clients, so you can know what happens in the market.
IG’s other tool to market researchers is ‘Heatmap,’ which visually draws the hotspots and shows the winners and loser traders.
Trading ideas won’t be possible without technical analysis tools, and the good thing here is that you can conduct your analysis in a user-friendly environment.
Best Commodity CFD Broker
One of the main concerns traders from down under search for the best CFD broker Australia is to make sure it is regulated and offers decent financial support and other added-value services.
If you are a beginner and looking for many trading videos and articles to learn how to trade, you should pay a visit to our forex trading blog and open a demo account on of the most trusted CFD trading platform Australia.
IG offers a handful of resources and a good repository of videos, trading materials, and guides through its trading academy for Basic, Intermediate, Expert, and Premium traders. If you are keen to compare best online brokers, you should try them side by side.
- A demo account that is created instantly
- Series of tutorial videos on how to use the trading platform
- FINANCE 1-0-1
- LIVE Webinars
- Q&A sessions
We liked their live sessions; in fact, access to their webinars is another advantage if you need to clarify your questions with IG representatives.
Best Share CFD Broker
We discussed a lot about IG markets pros & cons in this IG review, yet overall, IG is considered a safe brokerage company as it is regulated in most financial markets. You can compare eToro Vs. IG.
IG Trading platform is designed for professionals and beginners to customize its UI or utilize technical analysis and other research tools. IG accepts traders from the majority of countries.
IG FX fees are low and very reasonable. On the contrary, the Stock CFD fees you will pay are high; You might also be charged inactivity fees.
Just like AvaTrade, and FXCM CFDs, IG offers a wide variety of trading instruments such as 95 Currency pairs, 68 Stock index CFDs, more than 10k Stock CFDs, and about 1900 ETF CFDs and has the best trading portfolio in CFD and forex market,
When it comes to online trading, customer support becomes critical to all traders. We have tested their response time. It seems like IG offers top-notch support, as the team responds fast, even in high seasons.
The top CFD broker list presented above results from hundreds of fact-checking and practically evaluating the brokerage companies and their services.
Our methodology has prepared the list of top regulated CFD and best brokers in Canada, Australia, and the UK.
Our editorial team has also included general advice on regulations, trading fees, and literally everything you need to know about them. We have done the research work for you so that you can focus more on CFD trading.
We all have experienced or have seen the impact of Covid-19 on the financial market. Interestingly, many people decided to give trading a shot and make money by trading CFDs.
Well, trading CFD is risky, and you might lose your money, so we thought before you get into one of the CFD scams or open an account with an unregulated broker, you should know a few things about them and have access to the cfd brokers list.
We have prepared plenty of step-by-step guides for Beginners and newbies that help you start online trading and open your demo account on the best CFD brokers for beginners. Since trading CFD risk is high, we encourage you to be extra careful and not attempt to trade big if you are not that ready. Perhaps, reading our trading blog and opening a demo account in one of the top broker CFD platforms for beginners is a good place to start.
As an experienced trader, you can review the critical factors and compare the best CFD brokers list or open a new live trading account with a regulated broker.
