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

10CFDs

$250

Up to 100%

4.4/5

IG Trading

$250.00

100%

4.5/5

CMC Markets

$250.00

100%

4.7/5
ainvesting

AINVESTING

$200.00

Up to 100%

4.4/5

MarketsSoft

$250

Up to 100%

4.4/5

Saxo Bank

$100.00

50%

4.3/5

Plus500

$500.00

100%

4.5/5
Xtrade
$200.00

Up to 100%

4.7/5

eToro

$50-$200

Up to 40%

4.2/5

AvaTrade

$100.00

100%
4.4/5

iForex

$100

25%

4/5

10CFDs

4.4/5

Up to 100%

Welcome
Bonus

$250

Minimum
Deposit

IG Trading

4/5

100%

Welcome
Bonus

$250

Minimum
Deposit

CMC Markets

5/5

100%

Welcome
Bonus

$250

Minimum
Deposit

ainvesting

AINVESTING

5/5

Up to 100%

Welcome
Bonus

$200

Minimum
Deposit

MarketsSoft

4.4/5

Up to 100%

Welcome
Bonus

$250

Minimum
Deposit

Saxo Bank

4/5

50%

Welcome
Bonus

$100

Minimum
Deposit

Plus500

4/5

100%

Welcome
Bonus

$500

Minimum
Deposit

AroTrade

5/5

200%

Welcome
Bonus

$250

Minimum
Deposit

eToro

4.2/5

Up to 40%

Welcome
Bonus

$50-$200

Minimum
Deposit

AvaTrade

4.4/5

100%

Welcome
Bonus

$100

Minimum
Deposit

iForex

4/5

25%

Welcome
Bonus

$100

Minimum
Deposit

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.

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.

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.

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.

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.

Ainvesting

Ainvesting is a leading provider of Contracts for Difference (CFDs), delivering trading services on shares, forex, commodities, and indices.

PLUS: Although in business for only 4 years, Ainvesting has been in the industry long enough to have built a strong, solid reputation to itself. Traders can expect to find a high quality trading experience with a respectful selection of additional resources. The customer service and live support are at a 5 stars level. 

MINUS: The Ainvesting website can use an upgrade.

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.

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.

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.