The best CFD brokers in May, 2022 are carefully selected based on traders’ feedback, expert review, and market research. We have reviewed over 180 brokers and shortlisted the most reliable and regulated CFD providers that offer the best CFD trading platform.
- Pepperstone – Best CFD Broker in UK
- 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
Choosing the best CFD provider is a matter of personal preference and your risk-return profile. The best CFD broker should have advanced risk management tools including limit orders, stop-loss, and trailing stop. It should also be a reliable and trustworthy broker, release funds in a timely manner, and be fully regulated.
Most CFD brokers will provide research tools to their customers. A good CFD platform will have updated analytical tools and research. Some of them may offer stock screens or technical analysis signals
When comparing CFD brokers, look for those brokerage firms that offer easy-to-use trading platforms. Some brokers will have their own trading software, while others will integrate popular platforms, like MetaTrader 4, or MetaTrader 5.
A CFD broker’s fees are important factors that impact your CFD earnings. Most CFD brokers will charge a commission or per-trade basis. This is a small price to pay to trade with high leverage, and it’s a win-win for both parties. But, when choosing a CFD broker, don’t forget about the risk factor.
The costs of your broker are also a key factor in your CFD trading success. These include broker commissions and the costs of financing the leveraged portions of your trades. Even a slight difference can add up to a significant amount over time. Therefore, a high-quality CFD broker will offer low costs and commissions, as well as transparency about payment terms.
There are numerous factors to consider when choosing a safe CFD broker. You should choose a cfd company that is regulated by the regulatory authority in the country you live in, FCA, or ASIC. For example, the Financial Conduct Authority in the U.K. is a regulatory body that oversees the business of CFD brokers, and the Australian Securities Commission in Australia are the major regulatory bodies.
| 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 | ||
We’ve compared the best CFD platforms, evaluated their CFD fees, products, deposit and withdrawal methods, mobile trading apps, and shortlisted these 3 brokers. We recommend you open a demo account or real trading account on any or all of these CFD trading platforms to see their quality of service.
Pepperstone is an award-winning FX and CFDs broker chosen by 300,000* traders globally. As a top-level CFD providers 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 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.
After careful evaluation, we believe Pepperstone should be listed as the best cfd broker UK. It is among top-tier stock CFD brokers in the country. The overall pros and cons are:
- Spreads from 0.0 pip*
- Top tier liquidity
- Fill rate of up to 99.9%1
- 30ms execution
- No dealing desk intervention
- #1 for overall customer satisfaction
- Reliable platforms
- Regulated in 7 jurisdictions
- 1000+ CFDs
- Offers EA trading
AvaTrade offers one of the best no-commission trading platforms that is offering high-quality trading apps for IoS and Android traders. Apart from “AvaOptions” which is their in-house CFD trading App, AvaTrade is also known as a MetaTrader 4 broker.
AvaTrade is among the cheapest CFD brokers that accept 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.
Opening accounts with Avatrade brands take about a minute, and you’d be on your way to investing in CFDs. If you are interested in options and want to open an options trading account, you can see their competitive price for retail investor accounts & retail cfd accounts.
Trade Nation’s portfolio is very comprehensive. The broker has offering of over 2,500 financial instruments to traders. They are also considered the best forex broker in the UK for their new approach towards trading.
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 MT4 desktop platform. The platform features are highlighted below:
- 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.
- Variety of technical tools and indicators.
- EAs available.
- Multiple order types.
- One-click trading.
- Advanced charting capability.
CFD Trading apps are an ideal way to trade on the go. You can use them at any time. You can manage your trades in seconds, keep an eye on prices, and view your account.
There are many CFD Trading apps available for iPhones, iPads, and Android devices. The best cfd trading apps offer robust execution time. Some of them are designed specifically for beginners and others are made for seasoned traders. Some of the top-rated CFD brokers have apps for Apple’s iOS, Android, or Windows, so you can open and close trades from the comfort of your home. Some of these apps also include news feeds.
Another advantage of CFD Trading apps is their flexibility. A good CFD trading app gives you access to your account instantly. You can check your current position, execute trades, and check prices. If you’re a scalper, you’ll appreciate the ability to monitor charts with minute-level precision. You’ll never miss a trade again.
The CFD Trading fees vary depending on which broker you use and what you’re trading. While some brokers may offer lower commissions, others charge as much as 1%. This is because the value of a CFD also varies in different markets.
Another way that brokers include CFD fees is through account costs. Account costs are usually linked to the activation of special services or for the inactivity of an account. The fees are deducted periodically until the account balance reaches zero.
CFD or a contract for difference is a type of online trading in which you predict the future price of an asset and open a position. Instead of purchasing physical shares, you buy a certain number of units and then sell them at a later date. Your gains from the trade are the difference between the purchase and sale prices.
In a CFD trading account, you can invest as low as 5% of your capital, and use leverage and margin from CFD brokers. This is a great way to trade with a small deposit. Remember that high-leverage products have a high risk of doubling your losses. This can be a significant disadvantage over time.
A reputable broker should have a customer service team that is available in your native language. The most helpful CFD brokers should offer an extensive library of resources, such as an economic calendar and frequently updated market analysis. Some brokers provide live chat support, but this is a time-consuming and limited option.
Withdrawing or depositing funds is very simple with CFDs. The only thing you need to do is choose how you’d like to make the transfer and select your preferred payment method. The most convenient payment methods that top CFD brokers offer are credit cards, bank accounts, wire transfers, PayPal, and bank checks. Once you’ve selected the method, you can follow the steps to complete your transaction.
There are several benefits of learning CFD training from your broker. First, you will learn the basics of CFD and advanced strategies to protect your investment. More importantly, you can use your CFD broker’s platform and mobile app to practice your lessons and use a demo account to get a feeling of trading environments.
Some CFD brokers even have one-to-one training sessions, which will help you develop your trading skills. Fundamental analysis, for example, looks at company financial releases and economic data to determine the future of the asset
A good online CFD broker company offers video training, in-person classes, consulting, FAQ, reading materials and gives you plenty of charts to analyze. As you progress through your portfolio you might ask for an advanced CFD strategy training course to be scheduled at any time with your account manager.
You should find out about the different financial instruments offered by the brokerage firm. Some CFD brokers only offer certain financial instruments, and others only offer forex. In addition to the type of financial instruments offered, you should choose a brokerage firm that offers a streamlined trading experience. This is particularly important because most traders will be trading on the go.
To create a successful Trading Portfolio, you must first decide what asset class you’ll invest in. There are different types of asset classes, and you need to make the right decision for your situation. You can select emerging markets, developed markets, or both. A successful strategy should have a balance of both asset types. A high beta portfolio can suffer large losses if you’re not careful, and a low beta portfolio can make you lose money.
In order to create a successful Trading Portfolio, you must carefully consider the risk and reward. This means that you must be prepared to accept a certain amount of risk. Another important consideration is the size of your trading portfolio. The trading portfolio should be as diverse as possible. Investing in stocks CFD is a good place to start.
One of the most popular forms of trading on the CFD Markets is Forex, also known as Forex CFDs. This is because you can leverage your trades and leverage the price difference, which can be very valuable in some situations. The only requirement is that you have a small margin deposit.
When trading on a CFD market, you must remember to place a stop-loss order to prevent a quick loss of your funds. You can choose from a range of indices, such as the GBP/EUR, USD/JPY, and the UK 100. You can also choose between stocks, such as Amazon, Rio Tinto, General Electric, and others. Similarly, you can invest in a variety of commodities, such as gold and oil.
Standard lots refer to the size of a contract. For example, if you buy a Gold CFD, one lot represents 100 shares. In contrast, if you buy a Silver CFD, a single lot equals 5,000 ounces of Silver. You can also choose to trade micro or mini lots, which are usually less than a standard lot.
Different brokers offer different deposit and withdrawal methods, payment methods:
- Credit card oe debit card
- Wire transfer (NatWest, Barclays, UniCredit)
- Wallets such as Neteller, Webmoney, DinPay, Skrill
- Some CFD Brokers accept Paypal
- If you live in Australia, you can use POLi
- Instant Wire Transfer is another option that Klarna (Sofort) made available for European traders from Germany, Austria, Belgium, Netherlands, Italy, France, Poland, Hungary, Slovakia, Czech.
