Best CFD Brokers in September, 2021
What is the best Best CFD Trading Platform?
|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|
As you know, trading CFDs is a complicated activity with many to consider and strategies to learn before becoming profitable. We have listed the best CFD brokers on our website to help you choose the right broker.
If you’re looking for the highest returns and hate limitations, then you’ll want to check out the top 10 best CFD brokers list in the markets. Let us show you the highest return CFD provider in the industry and how we can help you access global markets without any limitations.
To help you find the best CFD broker in 2021, our dedicated trading experts have reviewed over 1800 CFD trading platforms for shortlisting the best CFD brokers this month and blocklisted all scams and frauds.
In this top 10 best CFD broker list, you can easily review the best CFD provider from “Trading Portfolio,” “CFD portfolio & offerings,” “Brokerage Fees,” “online trading Apps and software,” “research tools & Chartings,” “Deposit & Withdrawal process,” “Trading Account types,” “Quality of customer Support team” and many more essential factors.
You can find the best CFD companies and safely open your trading account, or if you are not confident to trade real stocks CFDs yet, Feel free to open your demo account and practice first.
Top 5 CFD Brokers
- AvaTrade: Best CFD Trading App
- Trade Nation: Best CFD Platform for UK & Australia Traders
- FP Markets: Best CFD Broker for Stock Trading
- FXCM: Best Broker For Share Trading
- Plus500: Best for Advanced Traders
Best Low Cost CFD Brokers
What is low cost CFD broker?
It’s known to all traders that AvaTrade is another best low fees Broker that offers 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.
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 brokers accepting 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 trade CFDs. If you are interested in options and want to open an options trading account, you can see their competitive price.
Top 10 CFD Trading Platform Review
What is the Best CFD Platforms For Beginners?
You can use our interactive 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.
Best High Margin CFD Broker
What is the Best CFD Platforms For Beginners?
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 CFD trading platforms:
- AvaTrade offers “WebTrader”. If you prefer to trade on your browser, 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.
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. Suppose you want money to invest without facing unnecessary risks in finding top-tier trading instruments. In that case, you must begin by understanding where you stand today concerning trading instruments — or whether you even need any at all!
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. If, however, you are confident that the market will continue to rise (and thus your assets’ value will continue to increase), then active trading is your game. Banks use different strategies for business loans and trading, so trading involves a great deal of guesswork which is why most intermediaries step in to help provide information.
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?
|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|
What Can You Trade With CFD Brokers?
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:
- Trailing stop
At a glance Plus500 trading app looks like this:
How do Best CFD Brokers work?
Best Overall CFD Brokers
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.
Top low-cost CFD Brokers
Why pay overpriced trading fees? 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.
How to choose a CFD broker?
Is Plus500 good for Beginners?
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.
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 CFD Broker
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.
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
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 CFD brokers in Australia
The fees that City Index charges you for S&P 500 CFD, Europe 50 CFD, and EUR USD are built into spreads:
✓ For S&P 500 CFD, the fee is 0.6 average spread cost, which is considered low.
✓ For Europe 50 CFD, the fee is 1.5 average spread cost, which is low.
✕ For EURUSD, the fee is 1 pips average spread fees.
✓ $12 per month after 12 months of inactivity is what City Index charges, one of the non-trading fees.
When it comes to fees, our readers often ask, “Is city index good for spread betting & CFD Trading?”.
Well, this is a broad question and really depends on what you trade and how to trade.
Having said that, since trading CFDs brings the risk of losing your capital, you might want to be able to change the leverage. The negative side here is that You CAN NOT change the leverage when trading with the city index.
We thought it would be good to share a comparison of City Index CFD Fees side by side with IG and Plus500.
CFD Scenario City Index IG Plus500 S&P 500 index CFD fee $2.1 $2.1 $2.1 Europe 50 index CFD fee $1.6 $1.6 $1.3 Apple CFD fee $21.9 $31.9 $8.9 Vodafone CFD fee $25.7 $25.7 $7.6
Best CFD Trading Platform in 2021
City Index is one of this year’s best CFD trading platforms that offers 4 types of online trading platforms for beginners, intermediate and experienced users. They are all very user-friendly, neat, and easy to navigate through.
City Index’s online trading platforms are:
- AT Trader
- Web Trader
- Mobile Trading App
- City Index is also one of the best MetaTrader 4 brokers.
In short, City index’s MT4 platform is not only available in 21 languages; it allows you to create Expert Advisors and work with custom indicators and trading signals. The charting feature is strong and advanced.
Web trader that works on the web has a limitation that does not let you set up price alerts, but customizing your environment, dashboard, and charts is a big plus that makes it exactly how you want it.
You can define stops & limits by price, points. It also gives you the power of advanced risk management.
Experienced traders and advanced users can use “AT Pro.” The entire platform is focused more on performance and analysis. Charts are meant for powerful analysis. You can use over 100 technical indicators and deal through charts.
Here is how the CFD trading platform looks:
Best CFD Account Types for Beginners
To know the city index’s trading portfolio and CFD offerings, you must know what account type is good.
- First, the Trader Account that requires no minimum deposit and has leverage up to 30:1
- Second, The Premium Trader with the same leverage as the trader’s account. The difference is the minimum deposit of £10,000.
- Last, Professional Trader Account with leverage of up to 400:1 and zero deposit requirement.
- Tip: you can open a Professional Trading account by (request) only if you hold half a million Euro portfolio in the past year.
Since both Forex.com and city index belongs to one master holding company and the sister company is a forex trading hub, the City Index portfolio is designed to offer CFDs and crypto. Overall, the main trading instruments are:
- Stock Index CFD
- Spread Betting
- Other CFDs
Best CFD Broker 2022
City Index started offering brokerage services in 1983. The brokerage firm is part of “Gain Capital” and a subsidiary of “StoneX group,” an NYSE listed company and sister company of forex.com. The following financial authorities regulate it:
- (ASIC) in Australia, also known as the Australian Securities and Investments Commission
- (MAS) in Singapore, the Monetary Authority of Singapore
City Index’s investment protection is £85,000 for European and Middle East citizens.
Best Broker for Trading CFD?
News and Market Analysis is a regularly updated part of the city index website. It covers most ideas from Covid-19 to the U.S election and what is happening in China, and its impact on the trading market.
As far as trading research goes, trading signals are becoming very important. Trading with the City index enables you to receive an alert once a significant price movement (between 0.25% – 2%) is logged to get the best out of market changes.
The city index offer news feeds and an economic calendar. Thanks to MetaTrader 4, you can perform technical analysis with up to 65+ indicators.
Best Online Stock Trading Sites
As for education, apart from many trading guides that you can find on our investment calculator, City Index is definitely one of the best online brokers for beginners.
The educational materials that the city index offers are in the forms of:
- In-depth Articles
- Demo Account
Regardless of your trading experience, you have a series of educational videos, articles, and a demo account at your disposal to master trading. Here is what you can expect:
10 Best CFD Brokers For The New Traders
If you consider yourself a part-time trader, then this part is what you need to read. As a newbie, you may encounter scammers and dishonest brokers, so I’ve decided to save your precious time and present you with a list of the most reputable online CFD brokers.
This section has listed the 10 best CFD (Contract for Difference) brokers this year. These brokers are selected based on a series of factors, including leverage ratio, trading platform, spreads, liquidity, services offered, and others. CFD involves trading with leverage. 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.
Some brokers provide DMA to their clients, professional traders in particular. If you’re an advanced trader, you can get direct market access (DMA) which allows you to see all the available bids and offer prices at any given time and trade at your preferred price.
Compared with the other alternatives to the city index, a positive point is offering over 84 currency pairs and 4500 Stock CFDs; that way, you can find your way to trade your preferred contract for difference.
When it comes to online trading, support becomes very important to online traders. City Index customer support team responds fast to phone calls.
The live chat sessions allow you to talk in English with a representative and solve your issues fast. It’s a 24/5 process, so that they won’t be available during Weekends.
Research tools in City Index are great, and their news feeds are premium. Besides, it covers everything when it comes to education, and it’s pretty easy to understand. Remember that you can easily begin trading with zero minimum deposit
You can choose between 3 account types to begin trading with the City index. Each has a different commission and spread structure:
- Trader Account: No minimum deposit
- Premium Trader: Min deposit of £10,000 and leverage up to 30:1
- Professional Trader Account: Leverage of up to 400:1 and no min deposit.
Top 10 Best CFD Brokers
- FP Markets: Best for Iress Viewpoint
- AvaTrade: Best Trading App
- Trade Nation: Best CFD Broker in UK
- eToro: Best Copy Trader Platform
- Plus500: Best Platform for Experienced Traders
The Best Low Fees CFD Broker
To understand the fee structure, you must know more about the revenue model of the broker. This is how XM makes money:
- Fractional Pip Pricing
- Fixed Spreads
- Variable Spreads
The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into the spread.
✓ For S&P 500 CFD, the fee is 0.7 average spread fees.
✓ For Europe 50 CFD, the fee is 2.5 average spread.
✕ For EURUSD, the fee has a different structure: the fee is 1.7 average spread cost for standard and micro-accounts.
✓ XM Zero account commission is $3.5 for every $100K trades. Spread= 0.1 pips.
✓ There is a $5 monthly inactivity fee after a quarter.
The default leverage for the following instruments is capped at 1:50:
If you decided to opt for a deposit bonus broker and promotions, this table illustrates the deposit bonus structure.
Let’s have a look at Forex fees and compare cfd platform it with XTB & eToro:
CFD Scenario XM XTB eToro S&P 500 index CFD fee $2.4 $2.0 $2.4 Europe 50 index CFD fee $2.4 $2.2 $2.7 Apple CFD fee $3.4 $17.9 $6.3 Vodafone CFD fee $5.6 $20.9 —
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 DMA CFD Brokers
Best CFD Broker For Penny Stocks Trading
Where can I buy Stocks less than $1?
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 $1.
XM offers trading assets in the forms of:
- Forex Trading
- Growth Stocks
- Equity Indices
- Precious Metals
To know what to trade with XM, you must first get the hang of the trading accounts and commission structure. Here is a breakdown of accounts:
Micro Account or Standard Account:
- Pay zero commission – Spreads are higher.
- Flexible in choosing these base currencies: (USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR),
- Your Minimum deposit is 5$.
- 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 Brokers for Stock Index CFDs Trading
XM economic calendar is publicly available and updated regularly. You can also utilize the XM learning center that offers education for beginners and professional/experienced traders.
One interesting offering that XM has is educational rooms that separate beginners from experienced CFD traders.
We also liked their webinars, where the experts discuss different technical analysis approaches. It’s available in 18 languages and available throughout the week.
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 Broker
What CFD broker offers Zero commissions and tightest spreads?
Xtb brokerage services and its revenue stream is mostly through:
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.
|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 CFD Trading App in 2021
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 an IoS trading App and one of the best Android apps for online trading. 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.
Is CFD Trading Safe?
While trading CFD with regulated brokers is legal in certain countries, we can not really define the safety level of trading because trading is precarious.
XTB has been in the industry for almost 15 years and can be considered safe. XTB offers the following CFD trading assets:
- STOCK CFDs
- ETF CFDs
What is The Best UK CFD Broker
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 is The Best CFD Brokers in Germany?
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.
- It’s easy to monitor which markets are currently the best gainers or worst losers with the top mover’s feature.
- 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 forex 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 risi 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
- 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.
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:
(FCA): Financial Conduct Authority in the UK.
Federal Financial Supervisory Authority (BaFin) in Europe.
Swiss Financial Market Supervisory Authority (FINMA).
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 best forex brokers in Canada here. PLEASE NOTE THAT TRADING CFDS IS NOT YET ALLOWED IN THE USA.
Best Index CFD Broker?
When we evaluated IG research tools, these highlights came up:
- News Feed
- 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 in 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 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 best CFD 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 listed below or open a new live trading account with a regulated broker.