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CFD BROKER COMPARISON 2019 – KEY CRITERIA

To be confirmed as the best contracts for difference (CFD) broker, a provider must convince us of their competence in various areas. Costs, services, and many other aspects have to be considered when choosing a CFD broker. We offer you the opportunity to benefit from our comprehensive CFD broker comparison, which offers an overview of the providers, their individual advantages and disadvantages. Find out which selection criteria are particularly important, what makes a good CFD broker and how to find the provider that best suits you and your personal requirements.

CFD Highlights

close
FTSE spread
Dep. Protection
Max. Lever
Min. deposit
1.
of 29 CFD Broker
Trader information
  • 40 years’ experience in financial services
  • Regulated by UK and Cyprus authorities
  • Member of the Henyep Group
  • Great reputation for fairness
FTSE spread
20 Points
Dep. Protection
£ 50.000
Max. Lever
1:500
Min. deposit
$ 100
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
HYCM Experiences
2.
of 29 CFD Broker
Trader information
  • Reasonable leverage offered
  • Award-winning trading platform
  • Offers a range of instruments
  • 24/7 market access
FTSE spread
1 Point
Dep. Protection
€ 20.000
Max. Lever
1:30
Min. deposit
$/€/£ 0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
ETFinance Experiences
3.
of 29 CFD Broker
Trader information
  • One of the most well-established players currently operating
  • Among the most popular traders out there with over 2.5 million clients across 196 countries
  • Great educational resources for new traders
  • Open and transparent about its regulatory status
FTSE spread
1.0 Point
Dep. Protection
£ 50.000
Max. Lever
1:30
Min. deposit
$ 5
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
XM Experiences
4.
of 29 CFD Broker
Trader information
  • Variety of investment opportunities
  • Metatrader 4 platform support
  • Comprehensive educational materials
  • Low initial investment requirement
FTSE spread
1 Point
Dep. Protection
€ 20.000
Max. Lever
1:30
Min. deposit
£ 250
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
ITRADER Experiences
5.
of 29 CFD Broker
Trader information
  • The breadth of choice of account types available, from basic to higher-end
  • How the brokerage is regulated
  • Simple, easy and secure methods of depositing and withdrawing
  • The guarantee of protected, segregated client accounts that the brokerage will never use to cover its own operating costs
FTSE spread
1 Point
Dep. Protection
€ 20.000
Max. Lever
1:30
Min. deposit
$ 100
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
GMO Trading Experiences
6.
of 29 CFD Broker
Trader information
  • Have offices all over the world
  • Offers CFDs , wide range of instruments
  • Selection of trading to choose from
  • Known for quality educational academy
FTSE spread
1.0 Point
Dep. Protection
£ 85.000
Max. Lever
1:30
Min. deposit
£ 100
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
City Index Experiences
7.
of 29 CFD Broker
Trader information
  • Razor accounts spreads from 0.0 pips
  • Available 24/5
  • ASIC regulated
  • Award-winning broker firm
FTSE spread
1 Point
Dep. Protection
£ 50.000
Max. Lever
1:30
Min. deposit
£ 200
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Pepperstone Experiences
8.
of 29 CFD Broker
Trader information
  • segregated in different accounts
  • Choose variable or fixed spreads
  • Regulated in Ireland, Australia, Japan
  • No US customers.
FTSE spread
1.5 Points
Dep. Protection
€ 50.000
Max. Lever
1:30
Min. deposit
£ 250
Trader Rating
65%
Go to Trader opinions
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
AvaTrade Experiences
9.
of 29 CFD Broker
Trader information
  • Followers copy trades of experienced
  • Statistics of the trade leaders
  • Traders follow funds, CopyFunds
  • Trade on own behalf
FTSE spread
1.50 Points
Dep. Protection
£ 50000
Max. Lever
1:30
Min. deposit
£ 200
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
eToro Experiences
10.
of 29 CFD Broker
Trader information
  • Offers 60 different currency pair
  • Leverage of 1:30
  • Free MT4 and MT5 accounts
  • Customer support in 23 countries
FTSE spread
1.5 Points
Dep. Protection
£ 50000
Max. Lever
1:30
Min. deposit
£ 100
Trader Rating
58%
Go to Trader opinions
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
FxPro Experiences
11.
of 29 CFD Broker
Trader information
  • £0 commission and tight spreads
  • Many tradable financial products
  • Free demo account
  • More than 300 thousand active traders
FTSE spread
Variable
Dep. Protection
£ 50.000
Max. Lever
1:30
Min. deposit
$/€/£ 100
Trader Rating
66%
Go to Trader opinions
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Plus500 Experiences
12.
of 29 CFD Broker
Trader information
  • FXTM is an online exchange
  • Offers many different assets
  • For day traders & Long-term investors
  • FXTM is an award winning broker
FTSE spread
1.0 Point
Dep. Protection
€ 20.000
Max. Lever
1:30
Min. deposit
£ 10
Trader Rating
50%
Go to Trader opinions
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
FXTM Experiences
13.
of 29 CFD Broker
Trader information
  • Over 200 tradable assets
  • Award-winning brokerage
  • Trading in a range of currencies
  • Fully regulated
FTSE spread
0.0 Points
Dep. Protection
€ 20.000
Max. Lever
1:30
Min. deposit
$ 100
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Libertex Experiences
14.
of 29 CFD Broker
Trader information
  • ATFX Spreads from 0,5 Pips
  • Very well designed platform
  • Zero fees for deposits
  • Unlimited Demo account
FTSE spread
2.0 Points
Dep. Protection
£ 50.000
Max. Lever
1:30
Min. deposit
£ 200
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
ATFX Experiences
15.
of 29 CFD Broker
Trader information
  • Offers stock, cfd, forex & ETF trading
  • XTB Spreads from 0,28 Pips
  • Europe’s best broker in class
  • Well designed trading platforms
FTSE spread
1.6 Points
Dep. Protection
£ 50.000
Max. Lever
1:30
Min. deposit
£ 250
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
XTB Experiences
16.
of 29 CFD Broker
Trader information
  • Winner of 36 international awards.
  • Deal Cancellation undo losing trade
  • Features the MT4 trading platform
  • Business background since 2001
FTSE spread
2 Points
Dep. Protection
€ 20.000
Max. Lever
1:30
Min. deposit
£ 100
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
easyMarkets Experiences
17.
of 29 CFD Broker
Trader information
  • Popular Cyprus fx & CFD broker
  • Multiple trading instruments
  • Licensed & regulated by CySEC
  • Available in multiple languages
FTSE spread
1.5 Points
Dep. Protection
€ 20.000
Max. Lever
1:30
Min. deposit
£ 100
Go to Broker

71,36% of retail investor accounts lose money when trading spread bets and CFDs with this provider. All trading involves risk.

Trade.com Experiences
18.
of 29 CFD Broker
Trader information
  • HotForex.com is a popular online exchange
  • HotForex offers many different assets
  • Multiple trading account options
  • Accommodate traders of all skill levels
FTSE spread
0.6 Points
Dep. Protection
€ 0
Max. Lever
1:30
Min. deposit
£ 5
Go to broker
Risk warning: Capital can be lost. Terms and conditions apply.
HotForex Experiences
19.
of 29 CFD Broker
Trader information
  • Incredible number of tradable assets available
  • Social trading is on offer
  • Regulated to trade in the industry
  • New broker to the market
FTSE spread
0.0 Points
Dep. Protection
Max. Lever
1:1000
Min. deposit
$ 300
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
ACBservice Experiences
20.
of 29 CFD Broker
Trader information
  • CFD business for 17 years.
  • Complies with all CFD regulations
  • Offers CFD trading on the MT5.
  • Provides over 300 CFDs
FTSE spread
3.8 Points
Dep. Protection
£ 50.000
Max. Lever
1:30
Min. deposit
£ 100
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Admiral Markets Experiences
21.
of 29 CFD Broker
Trader information
  • Registered in Marshall Islands
  • Not regulated
  • Founded in 2015
  • Offers 47 currency pairs and multiple CFDs
FTSE spread
3 Points
Dep. Protection
£ 5.000
Max. Lever
1:30
Min. deposit
£ 20
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
LQDFX Experiences
22.
of 29 CFD Broker
Trader information
  • Headquarters in Cyprus
  • Regulated by the CySEC and the VSFC
  • Offers a variety of CFDs and currency pairs
  • Owned by FXPRIMUS Group
FTSE spread
2 Points
Dep. Protection
€ 20.000
Max. Lever
1:30
Min. deposit
£ 100
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
FXPRIMUS Experiences
23.
of 29 CFD Broker
Trader information
  • Brokerage services started 2005
  • STP account offered starting 2013
  • $100 billion monthly trading volume 2013
  • Regulated by the UK’s FCA
FTSE spread
1.7 Points
Dep. Protection
£ 0
Max. Lever
1:30
Min. deposit
£ 2
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
FXOpen Experiences
24.
of 29 CFD Broker
Trader information
  • Regulated worldwide
  • First broker to adopt the MT5 platform
  • Winner of numerous high-profile awards
  • Liverpool Football Club - ambassadors
FTSE spread
2.0 Points
Dep. Protection
£ 50.000
Max. Lever
1:30
Min. deposit
£ 1
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
InstaForex Experiences
25.
of 29 CFD Broker
Trader information
  • Offers a range of CFD trading instruments
  • CFD leverage of up to 1:20
  • Wide choice of account types
  • Regulated, segregated & insurance
FTSE spread
1.5 Points
Dep. Protection
€ 20.000
Max. Lever
1:30
Min. deposit
£ 250
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
FinMarket.com Experiences
26.
of 29 CFD Broker
Trader information
  • Young company, founded 2013
  • Based in the UnitedKingdom
  • >150 financialinstrumentsavailable
  • Regulated by the FCA
FTSE spread
2 Points
Dep. Protection
£ 50000
Max. Lever
1:30
Min. deposit
£ 100
Trader Rating
98%
Go to Trader opinions
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Fortrade Experiences
27.
of 29 CFD Broker
Trader information
  • Operated by Safecap
  • More than 2,000 trading assets
  • Available worldwide
  • Indices, commodities and more
FTSE spread
1.5 Points
Dep. Protection
£ 20.000
Max. Lever
1:30
Min. deposit
£ 100
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Markets.com Experiences
28.
of 29 CFD Broker
Trader information
  • Forex, CFDs, and commodities
  • Segregated client accounts
  • Islamic account available
  • MT4 platform in operation
FTSE spread
1.5 Points
Dep. Protection
$
Max. Lever
1:500
Min. deposit
$/€/£ 200
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
BlackBull Markets Experiences
29.
of 29 CFD Broker
Trader information
  • A wide range of assets are available
  • Regulated by CySEC
  • Relatively new broker to the market
  • Aims to offer high-quality services
FTSE spread
1 Point
Dep. Protection
€ 20.000
Max. Lever
1:30
Min. deposit
$ 100
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Skilling Experiences
Show more

The Trading Offer – what does the CFD Broker offer?

Trading in CFD has become one of the most popular trading options used by private traders. As such, the number of CFD brokers on the market has increased accordingly, so it is not easy for traders to get an overview of what is available.

When choosing a broker, an aspect that is particularly important is the trade offer. Versatility in this area is a vital factor even for beginners – with the focus being on tradable underlying assets. What does the broker actually offer? Some financial service providers specialise in stock CFDs. However, if you want to broaden your scope as an investor, this will not be enough.

CFD Highlights

From indices to raw materials

A broker is attractive if their offer can be as broad as possible. Many suppliers score points on this in our broker tests, as it is often possible to trade contracts for difference on indices, commodities, foreign exchange currencies and equities – four assets that are especially popular and provide a very good basis for trading. However, in a comparison, you should take a closer look to get an idea of how the broker is positioned with respect to the underlying assets.
Contentgrafiken Vergleich CFD

Conditions: Costs of CFD trading

In a broker comparison it is particularly important to have a look at the fees, and the spreads are highly relevant here. These are the fees that are due for each trade. The broker usually lists the spreads on their website, so you can see whether they are fixed or variable spreads. The advantage here is that you can achieve an overview of the approximate costs before you register. In a CFD broker comparison you should take care to scrutinise the spreads of the most common underlying assets very carefully.

Possible additional fees

Trading costs are not always listed in a transparent way. In addition to the spreads, you should inform yourself about possible commissions. Some providers charge a commission for some products but not for others. In addition, check for any extra fees on the trading account. As a rule, the accounts are free of charge, but some brokers charge an inactivity fee, which should be noted in the terms & conditions. A good comparison should highlight any additional costs, if they are expected.

CFD brokers with multiple account models

It is quite possible that a CFD broker will offer different account models. Traders may benefit from this, as the costs and advantages often vary, and are relevant to different levels of experience. Some accounts are especially interesting if, for example, the account offers trading with fixed spreads. In that case, the more actively you trade, the lower the cost of trading, so it may be an important point to pay attention to in a comparison. Pay attention to other points as well, such as whether a better service or other services are available depending on the account model.

Minimum deposit

The minimum deposit amount is another criteria included in the comparison. Although it gives no indication of whether the broker is reputable, it is important for many traders when deciding whether they want to open an account. CFD trading is especially interesting for small investors. If that describes you, a high minimum deposit can be a significant disadvantage. Since brokers know that CFDs appeal primarily to retail investors, they usually set a small minimum deposit. On average, you might expect it to be around 100 euros.

CFD trading platforms and mobile trading

The trading platform is a particularly important aspect for any broker, so make sure that the available software is powerful, reliable and easy to use. It should allow for a concise overview of your trading activities and also provide assistance in developing a strategy.

Advantages of a good trading platform are:

  • Intuitive handling even for beginners
  • The widest variety of tools possible
  • Customisable interface

Some brokers may provide multiple trading platforms, but many rely on a proprietary platform that allows them to design a custom experience and better respond to clients‘ needs. The tool selection is often much better with proprietary software too. Nevertheless, the majority of vendors also offer proven trading platforms such as the popular MetaTrader 4. If you want a good CFD experience, you should check to make sure the software will meet your needs. Most brokers also provide apps and mobile software solutions to give their customers as much flexibility as possible. As such, trading is usually also possible on the go, via smartphone, tablet or iPad.
Contentgrafiken Vergleich CFD

Usability of the CFD broker‘s website

Further criteria in a broker comparison is the user-friendly aspect of the broker’s website. With the question ‘who is the best CFD provider?’ in mind, the focus is not just on usability, but also in assessing the site as a first point of contact for a trader. The most important information should be easy to find and any initial questions that traders might have should be answered. Make sure that all relevant content is available in a language that you understand.

The following information should be easily available:

  • Underlying assets
  • Account models and platforms
  • Spreads and other fees
  • Contact details and information on regulation

Many brokers are based overseas and operate internationally, so the website is often English-speaking. But as a rule, if you are not automatically directed to the English language version, you should have the option of selecting your language in the header area of the website. At the very least, legal documents, the price-performance-overview and support should be available in your language.

Customer support – contact in case of emergencies

Customer service is a topic of particular interest in CFD trading whenever you have a problem. Basically, the most important questions should be clarified on the website. Some brokers provide a FAQ section, which usually gives you some helpful answers. Since this is not always sufficient, it is advisable to test the customer support options. Of particular interest here are the contact paths, the times of availability and the competence of the customer service staff.

In order for a CFD broker to excel in the field of customer service, a provider should be available at those times when you will primarily need their services. Some providers are available 24 hours a day, others only on weekdays or at fixed times until the early evening. Moreover, it is recommended to take a closer look at the contact options – a live chat option is particularly convenient and has the advantage of allowing you to continue to trade without needing to open an extra mail window or a form. Besides, you will usually receive an answer directly. A hotline can also be a good solution for communication – just be sure to check in advance if there are any charges.

Methods for deposit and withdrawal

If you have found a broker who could be the best CFD provider for you, a closer look at the methods of payment is in order. Making a deposit into your account with the CFD broker is the first step to start trading. As a rule, a wide variety of payment options are accepted.

Common methods include:

  • Deposit by credit card
  • Deposit through online services such as Skrill, Paypal or Neteller
  • Deposit via SOFORT transfer

Most brokers give their customers a lot of flexibility here. Many traders still like to use a credit card as a means of payment, as transactions are quick and safe. Payments by bank transfer are very secure too – though this is not always the first choice due to the longer processing time. Neteller, Skrill and SOFORT transfer are now also available at many brokers. When you consider the payment methods, keep in mind that it is sometimes important to be able to act quickly. Other important aspects to consider are possible fees and limits, which you should check in advance.

Additional offers: CFD demo accounts, webinars and more

Those who want to establish themselves as the best CFD broker for beginners nowadays need to offer extra incentives – such as a demo account, and further education options such as e-books, webinars, video courses, tips on strategies or lexicons. However, quantity is not always crucial here – and not only beginners, but also advanced traders may benefit from offers such as these. It is also a good idea to check which trading tools and extras are available, such as business calendars or automatic trading systems.

Take advantage of a CFD demo account

If you want to gain CFD experience in trading without investing your own capital, a demo account is the answer. A CFD demo account allows you to familiarise yourself with the platform and try out trading. A demo account is very useful for testing strategies. Some brokers make their demo accounts available for only a limited time. This should not exclude them from your options, but an unlimited account is particularly advantageous. The amount of virtual credit offered is also an incentive – you should make sure that you trade with real trading conditions in the test account, so it is as similar as possible to a real trading account.

Regulation and deposit insurance – is the CFD Broker reputable?

With financial tools such as CFDs, fraud can never be completely ruled out, but regulation at least provides information on whether a provider’s activities are controlled, and action is taken if necessary. To obtain a licence, a broker must meet certain requirements. Regulation is the responsibility of the respective financial regulator at the headquarters of the broker. If a broker offers services in other countries as well, it is usually also registered with local authorities in those countries.
Contentgrafiken Vergleich CFD

Security of client funds and data

In order to prevent CFD fraud, it is advisable to use your broker comparison to identify a provider who offers encrypted data transfer. Without this, there is always a risk that your data could be intercepted and abused by hackers. However, this is not the only consideration when searching for the best CFD provider. In addition to encryption and regulation, deposit insurance is particularly important. You should check if your deposits are insured, and up to what amount. It is also advisable to know whether the broker keeps assets and client funds in separate accounts, which is usually the case.

Therefore, in your broker comparison, the following points should be considered:

  • Deposit insurance
  • Regulation
  • Data encryption

Brokers put to the test: Reviews in the trade press and awards

Once you think you’ve found a provider that meets your requirements, it might be interesting to see if the broker is mentioned in the media or has received any awards. Specialist magazines conduct regular tests, giving out awards and titles such as ‘Best CFD Broker’. A look at current reviews may also be worthwhile. They show up-to-date information on a broker, the offers they provide and how they are rated by the press. Usually, brokers will refer to press coverage on their websites and link to various relevant reports.

Broker awards

In the financial press and on the various websites that provide CFD trading coverage, brokers regularly receive awards. Often the support, the platform, the trade offer or the complete package are evaluated. First place goes to the provider who is outstanding in these respective areas. Look for titles such as ‘Best Trading Platform’ or ‘Best CFD Broker’. You’ll also find customer opinions about the respective brokers, but these are subjective and should not be as crucial to your decision as anything the financial press have to say about the broker.

Market overview and market outlook

CFD trading has experienced a significant upswing in recent years. Many small and inexperienced investors appreciate the ease with which they can become active in the cash markets or futures markets. As the number of underlying assets also increases, the market is sure to become more attractive to experienced traders. Although interest is high, traders should be aware that CFDs are speculative products and are always risky. However, CFDs offer a significant advantage – traders have the opportunity to act much more effectively than if they invest directly in the underlying assets. The possibility for diversity is significant, and the increasingly popular cryptocurrencies market is accessible with CFDs too.

Assessing future developments

Trading on the stock exchange, and also outside the stock exchange, has developed in recent years. With more and more brokers offering the possibility to trade online, there are increasing possibilities. But what about the future of CFDs as products? Since they are a very transparent financial instrument and offer the possibility to trade high volume with low capital expenditure, it can be assumed that the development of CFDs will continue to be positive, making them a suitable future investment.

Using comparisons and reviews when choosing a broker

Our comparisons and awards will guide you to the providers that have convinced us, as well as our readers, in our CFD broker test. Nevertheless, a broker should meet your individual requirements. When making your decision, consider the criteria important to you and make a shortlist. After that, we recommend a broker comparison to take a closer look at all aspects of the brokerage – such as regulation and deposit insurance, costs, trading offers and software.

Being active in CFD trading does not mean that other types of investment won’t be of interest to you. Many brokers provide a very broad range of offerings, and in addition to CFD trading, for example, many provide stock trading or forex trading.
If you are informed about the various CFD brokers and are interested in trading cryptocurrencies, then a crypto broker comparison might be useful. With some providers, you can speculate on the prices of Bitcoin and other digital currencies via CFDs. AskTraders provides a wealth of information on a range of trading opportunities. Take advantage of our free comparisons and browse our broker experience reports to find the right CFD broker for you.

Top 3 CFD Broker Comparison

1
of 29 CFD Broker HYCM
FTSE spread 20 Points
Dep. Protection £ 50.000
Max. Lever 1:500
Min. deposit $ 100
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
2
of 29 CFD Broker ETFinance
FTSE spread 1 Point
Dep. Protection € 20.000
Max. Lever 1:30
Min. deposit $/€/£ 0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
3
of 29 CFD Broker XM
FTSE spread 1.0 Point
Dep. Protection £ 50.000
Max. Lever 1:30
Min. deposit $ 5
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.

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