Recommended CFD Brokers

Finding the right broker is vital for your trading career

Which CFD Brokers Impressed Us?

We’ve made it easy for you to choose an online CFD broker. Over 20 online CFD brokers made it onto our original review list, of these only a handful made the grade when we tested them against our full investment criteria. All the brokerages that we’ve reviewed are licensed and regulated and generally have a good reputation in the online trading community. We’ve rated them according to their functionality, technological features and overall service standards. You can see for yourself how different brokers compare in terms of fees and commisions, deposits and withdrawals, asset indexes and markets and account types.

Choose from our recommended CFD brokers:

Broker

Minimum Deposit

Welcome Bonus

Rating

FasTrading

$250

Up to 100%

4.9/5

UpCFDs

$250

Up to 100%

4.9/5

NiroTrade

$250

Up to 100%

4.9/5

Nekstra

$250

Up to 100%

4.9/5

TradingTeck

$250

Up to 100%

4.8/5
Xtrade

$200

Up to 100%

4.7/5

AppTrader

$100

Up to 100%

4.7/5

10CFDs

$250

Up to 100%

4.6/5

CMC Markets

$250

Up to 100%

4.2/5

IG Trading

$250

Up to 100%

4.2/5
Markets.com

$200

Up to 100%

4.1/5

AvaTrade

$100

Up to 100%

3.9/5

Plus500

$500

Up to 100%

3.8/5

Saxo Bank

$100

Up to 50%

3.7/5

eToro

$50-$200

Up to 40%

3.5/5

iForex

$100

Up to 25%

3.5/5

FasTrading

4.9/5

100%

Welcome
Bonus

$250

Minimum
Deposit

UpCFDs

4.9/5

100%

Welcome
Bonus

$250

Minimum
Deposit

NiroTrade

4.9/5

100%

Welcome
Bonus

$250

Minimum
Deposit

Nekstra

4.8/5

100%

Welcome
Bonus

$250

Minimum
Deposit

TradingTeck

4.8/5

100%

Welcome
Bonus

$250

Minimum
Deposit

Xtrade

4.7/5

100%

Welcome
Bonus

$200

Minimum
Deposit

AppTrader

4.7/5

100%

Welcome
Bonus

$100

Minimum
Deposit

10CFDs

4.6/5

100%

Welcome
Bonus

$250

Minimum
Deposit

CMC Markets

4.2/5

100%

Welcome
Bonus

$250

Minimum
Deposit

IG Trading

4.2/5

100%

Welcome
Bonus

$250

Minimum
Deposit

Markets.com

4.1/5

100%

Welcome
Bonus

$200

Minimum
Deposit

AvaTrade

3.9/5

100%

Welcome
Bonus

$100

Minimum
Deposit

Plus500

3.8/5

100%

Welcome
Bonus

$500

Minimum
Deposit

Saxo Bank

3.7/5

50%

Welcome
Bonus

$100

Minimum
Deposit

eToro

3.5/5

40%

Welcome
Bonus

$50-$200

Minimum
Deposit

iForex

3.5/5

25%

Welcome
Bonus

$100

Minimum
Deposit

FasTrading

FasTrading is a registered broker that provides a secure online trading environment built around their custom-designed trading platform. There is a large choice of assets with real time prices, drawn from the forex, crypto, stock, commodity and indices markets.

PLUS: FasTrading makes effective use of  technology and has some great site features, including an easy to use social trading feature. There are six account types, with more planned for the near future. Traders can also practice with a realistic demo account. 

MINUS: Canadian and US traders are not currently able to join the brokerage. FasTrading doesn’t really bother with special offers or promotions. This isn’t such a big deal as serious traders usually just view promotions as a distraction.  

UpCFDs

UpCFDs is a leading online CFD broker that has built a strong reputation with European and international traders. It’s invested in high quality platform technology and provides a good all round trading experience.

PLUS: UpCFDs has a technological advantage over many other brokers and continues to invest in new platform features and trading tools. The education center is well designed and there is a choice of six different account types. 

MINUS: UpCFDs does not offer its brokerage services to US and Canadian traders. It also chose not to create a free demo account. 

NiroTrade

We strongly recommend NiroTrade’s innovative use of technology and their modern approach to their relationship with their traders. We really felt at home when we traded on the platform and were reassured by their tight security and excellent 24/7 customer service.

PLUS: NiroTrade not only has some of the best technology that we’ve seen – they know how to use it. The trading platform is 100% user friendly, but is packed with advanced features like social trading, heatmaps, a range of indicators, and personal trading reports.

MINUS: NiroTrade does not offer its brokerage services to US and Canadian traders. They should consider adding more payment methods to suit their rapidly expanding clientele. 

Nekstra

Nekstra is a leading online CFD broker that has built a strong reputation with European and international traders. It’s invested in high quality platform technology and provides a good all round trading experience.

PLUS: Nekstra has a technological advantage over many other brokers and continues to invest in new platform features and trading tools. The education center is well designed and there is a choice of six different account types. 

MINUS: Nekstra does not offer its brokerage services to US and Canadian traders. It also chose not to create a free demo account. 

TradingTeck

TradingTeck is an up and coming online CFD broker that is attracting new traders from all over the world. It’s invested heavily in the latest platform technology and provides a good all round trading experience. 

PLUS: TradingTeck has some outstanding technology on its platforms and is determined to remain an industry leader when it comes to technical innovation. The education center is also well above average and there is a choice of six different account types. 

MINUS: Traders who are looking for bonds or ETFs will be disappointed. TradingTeck offers a more traditional asset index and has no current plans to add new asset classes.Also, the brokerage only operates in English, German and Russian. 

Xtrade

Xtrade is a reliable and competitive brokerage that places a strong emphasis on technology and functionality. It has a loyal base of long term clients.
PLUS: Xtrade was quick to realize the importance of good customer service and trader education. It invested heavily in its live support and education center and offers traders a free demo account, as well as a suite of advanced trading tools. New traders can qualify for a sign up bonus worth up to 100%. MINUS: Due to regulatory restrictions, US and Canadian traders are excluded from the platform.

AppTrader

AppTrader has a loyal core of CFD traders from dozens of countries around the world. The hightech brokerage has built a reputation for looking after its clients and providing a good, low cost trading experience.

PLUS: AppTrader is available in over nine languages and has a true global reach with hundreds of assets drawn from the world’s biggest markets. The education center is excellent and Apptrader has clearly invested heavily in its trading technology and platforms.

MINUS: The choice of account types is limited and there are currently no bonds or ETFs available as CFDs. Although we are very impressed by the AppTrader platforms, there are currently no webinars and a limited range of payment options.

10CFDs

10CFDs has an established presence in the EU and Russian Federation, and is building a strong reputation among East Asian traders.

PLUS: 10CFDs is sufficiently well established to offer secure and cost effective trading. It invests in its technology and delivers a high quality trading experience with over 1,000 assets. The brokerage appears to comply entirely with IFSC regulation and there have been no major issues with unhappy traders that we are aware of. Customer service is above average and the broker’s attitude to trader education is good.

MINUS: 10CFDs doesn’t accept Canadian, Australian and American traders due to domestic regulatory issues.

CMC Markets

CMC markets is one of the United Kindom’s top brokers with a long track record of good service. CMC was established in 1998 and is a popular choice for traders.

 

PLUS: CMC is regulated in several jurisdictions including the UK, Singapore, Australia and New Zealand. The broker is listed on the London Stock Exchange and is a stable and highly reputable financial service provider. EU customers have automatic investor insurance of eur 50,000.

MINUS: Some investors have questioned the level of security available on the CMC Android app. The brokerage claims that these concerns are overstated and that new fixes are already being implemented.

IG

IG was one of the early pioneers of online trading. Since its original launch in 1974 it has grown to become a respected market leader, listed on the London Stock Exchange.

PLUS: IG has been in the business a very long time and is licensed and regulated in several countries. IG offers a very professional service with a high tech platform, experienced customer service and generous account management conditions.

MINUS: IG has a more old fashioned attitude towards trading fees. These can eat into smaller trades.

Markets.com

IG was one of the early pioneers of online trading. Since its original launch in 1974 it has grown to become a respected market leader, listed on the London Stock Exchange.

PLUS: IG has been in the business a very long time and is licensed and regulated in several countries. IG offers a very professional service with a high tech platform, experienced customer service and generous account management conditions.

MINUS: IG has a more old fashioned attitude towards trading fees. These can eat into smaller trades.

AvaTrade

AvaTrade in headquartered in Ireland and has offices in 11 countries.

PLUS: AvaTrade is a regulated broker offering segregated client accounts and is considered to have a large asset index with a good variety of trading platforms, as well as two different mobile apps (MT4 and WebTrader). This broker offers safety for your money, and with recognition through its many awards, combined with longevity of over 10 years in the industry, it stands out from othe rbrokers in more than one respect.

MINUS: AvaTrade offers relatively wide spreads and has a slow order execution time.

Plus500

Plus 500 is a well established Israeli brokerage that draws upon Israel’s high tech industry to deliver a superb trading experience. Plus 500 maintains subsidiaries in the UK and Cyprus and claims over 200,000 traders worldwide.

 

PLUS: This is a trader focused brokeraged that makes money from its bid/ask spreads, there are no commissions on trades. The site is popular with serious traders who like its professional no nonsense approach to investing.

MINUS: Due to regulatory restrictions US citizens and residents are excluded from trading.

SAXO Bank

Saxo Bank is one of the industry’s best known CFD brokers and has almost two decades experience as an online brokerage. It currently offers investors over 35,000 products.

 

PLUS: Saxo Bank is subject to full domestic regulation by the DFSA (Danish Financial Supervisory Authority). They are market leaders when it comes to trading technology and offer clients top quality mobile integration.

MINUS: Despite the massive asset index, there are currently no cryptocurrencies or spread betting facilities.

eToro

eToro provides brokerage services to around 8 million global customers from 140 countries.

PLUS: eToro is regulated by top tier financial authorities. It offers an extensive network of social trading features, has an established reputation within the industry, and has no share policy on user’s data with third party platforms.

MINUS: eToro’s spreads and roll-over fees are higher than average and the performance data of traders is something that requires some improvement.

iForex

Established all the way back in 1996, iForex has become one of the largest and most respected firms in the online trading industry, with offices in Cyprus and the British Virgin Islands.

PLUS: With its outstanding negative balance protection program, great educational resources, and wide variery of investment products, iForex is one of the pioneers in the online trading industry.

MINUS: iForex doesn’t offer the MT4 trading platform, doesn’t allow traders to create a demo account and charges high fees for services like dormant accounts and withdrawals.