Top 10 CFD Trading Brokers in 2024: A Comprehensive Review

Table of Contents

• TL;DR: Key Takeaways
• Comparison Table
• Criteria Breakdown Summary
• eToro
• AVATrade
• RoboForex
• Exness
• Pepperstone
• FOREX.com
• City Index
• FP Markets
• IC Markets
• FxPro
• Notable Mentions
• Frequently Asked Questions
• Final Thoughts

TL;DR: Key Takeaways

• eToro is a popular social and copy trading broker with a wide range of CFDs. 
• AVATrade has several trading platforms and offers CFDs across different asset classes. 
• RoboForex offers CFD trading platforms for both beginner and advanced traders. 
• Exness has a range of CFD instruments and many account types with low minimum deposits. 
• Pepperstone is one of the best CFD brokers and is known for its low cost trading and fast execution speeds. 
• FOREX.com is a well-established and well-regulated broker with many CFD opportunities. 
• City Index has large market access and excellent analysis and research tools for CFDs. 
• FP Markets is ideal for advanced traders, with a large range of CFDs across different asset classes.
• IC Markets has a strong focus on forex and CFD trading and innovative trading technology. 
• FxPro focuses on technology and has a no-dealing-desk approach.

Comparison Table

Criteria Breakdown Summary

To fully assess brokers with CFD trading accounts, I needed something to measure each one of them against. Therefore, I created a set of key criteria that allowed me to understand the pros and cons of each CFD brokerage firm in detail. My criteria was wide-ranging and included regulation, platforms, assets, fees, leverage, educational materials, execution, account types, deposit and withdrawals, and customer support. I then rated each CFD broker out of five based on each criteria group.

eToro

Best Known for: Social and Copy Trading Features

eToro is a popular online CFD trading broker with social and copy trading as its standout features. It is a very easy platform to use and it’s suitable for all trading ability levels. Beginners will find a lot of value with this broker, as it has many educational resources and the copy trading element. Additionally, there are many asset classes to choose from.  

eToro is a popular CFD trading broker with copy and social trading capabilities.  Source: eToro

Features

eToro is designed for both beginner and experienced traders and it has a range of innovative features to suit all levels. Access to CopyTrader and CopyPortfolios allows users to emulate past successful trades, and the social trading aspect adds another dimension. Additionally, this broker offers charting tools, live news feeds, and many educational resources. 

Pros

• Pioneering social trading features
• Wide range of asset classes, including cryptocurrency CFDs
• Intuitive platform for beginners and advanced traders alike

Cons

• Limited customization options for experienced traders
• Higher spreads on certain assets

Criteria Evaluation

Regulation: 5/5
Trading Platforms: 4/5
Asset Range: 5/5
Fees and Spreads: 3/5
Leverage: 4/5
Customer Support: 4/5
Education and Research: 5/5
Deposit/Withdrawal Options: 4/5
Execution Speed: 4/5
Demo Account: 5/5

Community Reviews and Expert Recommendations

Overall, eToro enjoys positive feedback from users, mostly for its platform ease of use and the copy trading capabilities. Additionally, users praise the fast execution speeds and range of tradable assets. 

“I have been using eToro for the last 3-4 years, Totally happy. There’s never any problem with sending or receiving money or anything else. I bought and sold cryptos and never experienced any trouble. I have received all my funds from selling cryptos, and really fast too. They have honest and decent people working there. And quite helpful too. I recommend everyone to use a decent and honest exchange like eToro.” – Language Publishing via Trustpilot

“Been with eToro for more than a decade now, a great platform, seen it progress so much over the years. Special shout out to Kallum, my account manager, been fantastic.” – Tao Tang via Trustpilot 

Industry experts recommend eToro for both beginner and advanced traders. They especially highlight strong regulatory compliance and copy trading functions. Read our eToro review for details. 

Price

eToro offers commission-free trading on CFDs with competitive spreads. For details, visit eToro’s website.

AVATrade

Best Known for: Range of Platforms and Tools

Many users feel AvaTrade is the best CFD broker due to its excellent customer support and user-friendly approach. With several trading platforms available, including MetaTrader 4 & 5 and its proprietary AvaTradeGO platform, this broker offers flexibility. Additionally, AvaTrade emphasizes trader education and offers many resources and trading tools.   

AvaTrade is a popular CFD broker focused on trader education. Source: AvaTrade

Features

AvaTrade has a range of platforms and tools for traders of all ability levels. Along with MetaTrader, this broker’s proprietary platform is high quality and has a range of associated tools. AvaProtect is another notable feature, along with advanced trading tools like DupliTrade and AutoChartist for technical analysis and risk management. 

Pros

• Diverse platform options for all trading styles
• Comprehensive educational content
• Strong regulatory oversight

Cons

• Limited selection of account types
• Fixed spreads can be higher on some assets

Criteria Evaluation

• Regulation: 5/5
• Trading Platforms: 5/5
• Asset Range: 4/5
• Fees and Spreads: 3/5
• Leverage: 4/5
• Customer Support: 4/5
• Education and Research: 5/5
• Deposit/Withdrawal Options: 4/5
• Execution Speed: 4/5
• Demo Account: 5/5

Community Reviews and Expert Recommendations

AvaTrade receives positive feedback from the trading community, with many giving high praise to its range of trading platforms. Additionally, users highlight the strong regulatory oversight and additional risk management features. AvaProtect is regularly mentioned in positive terms. 

“Support at AvaTrade is Great! Talked to Ron, Great guy! Overall AvaTrade is easy and understandable to use, and if you need help with anything, the best support is there for you!” – Wilhelm via Trustpilot

“Ava broker has good customer rep. I like how that person called me and spent some time giving me the details of Ava. This broker offers training and the platform has a variety of instruments that traders can trade with.” – Evon Houston via Trustpilot   

Industry experts recommend AvaTrade for both beginner and experienced traders and particularly highlight its range of trading tools and educational focus. Read our AvaTrade review for more insights. 

Price

AvaTrade offers fixed and variable spreads, depending on the asset and platform. Check AvaTrade’s website for the latest details.

RoboForex

Best Known for: Low-Cost Trading Options

RoboForex is renowned for its low cost trading environment and several available account types. MetaTrader 4 & 5 are both available, along with cTrader. Additionally, Roboforex has standard and cent accounts available, so it’s ideal for CFD traders who prioritize low cost trading. 

RoboForex is a long-standing CFD trading broker with many platforms. Source: RoboForex

Features

RoboForex is known for its unique trading approach over several platforms, including MetaTrader 4 & 5 and R Trader. There is a large range of tradable assets along with a free VPS service for algorithmic trading. Additionally, RoboForex offers many advanced charting options and real-time market news. Many users believe this is one of the best CFD trading platforms. 

Pros

• Low fees and tight spreads
• Wide variety of assets, including cent accounts
• Excellent platform selection for all trader levels

Cons

• Limited educational resources
• Some account types have restricted features

Criteria Evaluation

• Regulation: 4/5
• Trading Platforms: 5/5
• Asset Range: 4/5
• Fees and Spreads: 5/5
• Leverage: 5/5
• Customer Support: 4/5
• Education and Research: 3/5
• Deposit/Withdrawal Options: 4/5
• Execution Speed: 4/5
• Demo Account: 5/5

Community Reviews and Expert Recommendations

Overall, RoboForex receives positive praise from users and industry experts. Traders particularly highlight the low cost trading and several platform options. Customer support is also mentioned in positive terms, along with general ease of use. 

“I’ve been using this broker for a while now (4 Years), and they’re honestly the best I’ve come across. Their customer support is top-notch – always quick to help and super knowledgeable. What I love most is the speedy withdrawals for bank transfers, usually processed in under 12 hours. Electronic Payouts are even faster. The trading conditions are fantastic too – tight spreads, low commissions and fast executing. Overall, this broker makes trading a breeze. Can’t recommend them enough!” – Johannes Pichler via Trustpilot 

“For me, RoboForex is an excellent broker. Deposits and withdrawals within seconds to minutes. Support is also available in my language (Czech) and they respond quickly and always provide assistance. Moreover, you cannot actually go into a negative balance here. The broker will reset your account to zero.” – Radek Trvaj via Trustpilot 

Industry experts recommend RoboForex for beginner and advanced traders, particularly highlighting its large range of tradable assets. Our RoboForex review provides more information. 

Price

RoboForex offers competitive spreads and commissions, especially in ECN accounts. For the latest prices, visit RoboForex’s official site.

Exness

Best Known for: High Leverage and Fast Execution

Exness is a reputable CFD trading broker with high leverage ratios. As a result, this is a good broker for advanced traders in particular. It has a large range of assets along with fast execution speeds and a user-friendly approach. Both MetaTrader 4 & 5 are available, along with several educational resources for learning and development. 

Exness is a popular ECN broker with strong regulatory oversight. Source: Exness

Features

Exness is an excellent choice for intermediate to experienced traders thanks to its number of advanced trading tools. This broker also offers high leverage which gives the opportunity to maximize potential profits. Both MetaTrader 4 & 5 are available, along with instant withdrawals and fast execution speeds. 

Pros

• Extremely high leverage options
• Fast order execution with minimal slippage
• Multiple trading platforms and tools

Cons

• High leverage may not suit beginners
• Limited research resources

Criteria Evaluation

• Regulation: 4/5
• Trading Platforms: 5/5
• Asset Range: 4/5
• Fees and Spreads: 4/5
• Leverage: 5/5
• Customer Support: 4/5
• Education and Research: 3/5
• Deposit/Withdrawal Options: 5/5
• Execution Speed: 5/5
• Demo Account: 5/5

Community Reviews and Expert Recommendations

Exness receives positive reviews for its trading services, especially for its competitive spreads and fast execution speeds. Experienced users in particular enjoy the high leverage ratios and range of platforms on offer. Users also mention that customer support is high quality and response times are fast. 

“Exness has truly exceeded my expectations. From the smooth account setup to the wide range of assets—Forex, commodities, and crypto—I’ve been able to diversify my portfolio with ease. But the best experience has been with withdrawals. They’re fast, reliable, and hassle-free, which is a huge relief, especially when I need quick access to my funds. Their customer support has also been incredibly responsive and helpful whenever I’ve had questions.” – Andrew Angelos via Trustpilot 

“I tried Exness with everything (open account, deposit, trade, withdrawal), the best company I have used by far! The most important thing is that even after I registered and didn’t use my account no one called me, no annoying calls until I decided to use it! Their support is good and the deposit and withdrawal was easy!” – Scriptoot via Trustpilot 

Industry experts recommend Exness’ CFD trading accounts for intermediate to experienced traders and praise its fast withdrawal processing times. Our Exness review provides more insights. 

Price

Exness offers competitive spreads with no hidden fees. Check Exness’s website for up-to-date pricing.

Pepperstone

Best Known for: Advanced Trading Tools and Low Latency

Pepperstone is one of the best CFD brokers and it has gained a positive reputation for its trading environment. It is a particularly good choice for experienced traders, thanks to its many advanced trading tools and charting capabilities. It also provides access to several trading platforms and is an ideal option for low-latency trading through the cTrader option.   

Pepperstone is a quality CFD broker with a range of tradable assets. Source: Pepperstone

Features

Pepperstone is suitable for beginner traders but it gives a lot more value to advanced traders. Its low latency means faster execution speeds, and it has a range of charting tools through TradingView. Algorithmic trading is easy with this broker, along with several platform options. Overall, this is a good choice for traders who focus on speed and accuracy. 

Pros

• Low-latency trading for better execution
• Extensive platform choices and add-ons
• Ideal for algorithmic and technical traders

Cons

• Limited educational content
• High minimum deposits for some accounts

Criteria Evaluation

• Regulation: 5/5
• Trading Platforms: 5/5
• Asset Range: 4/5
• Fees and Spreads: 4/5
• Leverage: 4/5
• Customer Support: 4/5
• Education and Research: 3/5
• Deposit/Withdrawal Options: 4/5
• Execution Speed: 5/5
• Demo Account: 5/5

Community Reviews and Expert Recommendations

Pepperstone receives positive feedback from users for its trading platforms and fast execution speeds in particular. Advanced traders mention the low-latency and the range of trading tools that make high-frequency trading easier and more accurate. 

“I am new to the platform and had some questions. Pei (support) is quick, and straight to the point, very helpful. The customer support is really helpful and doesn’t just keep you waiting or re-direct you to nowhere.” – Y W via Trustpilot 

“Great company, they can assist you in any questions and doubts you have, plus low spreads!” – Andrea Putzolu via Trustpilot 

Industry experts recommend Pepperstone for intermediate to experienced traders and praise its excellent regulatory oversight. Read our Pepperstone review for details. 

Price

Pepperstone offers competitive spreads, especially on ECN accounts. For details, visit Pepperstone’s website.

FOREX.com

Best Known for: Forex Trading Expertise

FOREX.com is one of the most reputable CFD brokers. It has a large number of features, including several trading platforms on offer. Its proprietary platform is particularly impressive, and it has access to a wide range of markets. This broker has a strong focus on both CFD and forex trading, and it is a good choice for beginners thanks to the wide array of educational materials. 

FOREX.com is a reputable and well-regulated CFD broker. Source: FOREX.com

Features

FOREX.com has many standout features and its proprietary platform is certainly one of them. In addition, the mobile app allows on-the-go trading, and the extensive analytical tools are useful for all trading abilities. There is also a very comprehensive range of educational resources which target both beginner and advanced traders. 

Pros

• Competitive pricing for forex trading
• Robust research tools and market analysis
• Extensive range of forex pairs

Cons

• Limited MT5 offering compared to proprietary platforms
• Higher spreads on some non-forex CFDs

Criteria Evaluation

• Regulation: 5/5
• Trading Platforms: 4/5
• Asset Range: 4/5
• Fees and Spreads: 4/5
• Leverage: 4/5
• Customer Support: 4/5
• Education and Research: 4/5
• Deposit/Withdrawal Options: 4/5
• Execution Speed: 5/5
• Demo Account: 5/5

Community Reviews and Expert Recommendations

FOREX.com receives high praise from both users and industry experts, many of whom appreciate the strong regulatory oversight from top-tier regulators. Users highlight the user-friendly platforms and range of advanced trading tools. Additionally, competitive spreads and excellent educational resources are also mentioned. 

“It was my first broker and it was life changing because I was able to build my account through this website by using guidelines they provide and indicators.” – Nigel Nousenga via Trustpilot 

“I really appreciate that I was able to get the help really fast. Much appreciated, honestly it has been the best help service from any other brokers. I didn’t have to wait 2 or 3 business days!! Great online customer service.” – Angel Gonzalez via Trustpilot 

Industry experts recommend FOREX.com for both beginner and advanced traders and praise its regulatory compliance. Read our FOREX.com review for more information. 

Price

FOREX.com is one of the top CFD brokers and offers competitive spreads on forex pairs, with commission-based pricing available on some account types.

City Index

Best Known for: Diverse Market Range

City Index is known for its range of trading platforms, strong market research, and global market access. It is one of the best CFD brokers thanks to its advanced charting features, and strong risk management tools. City Index also has a strong focus on trader education for beginner traders in particular. 

City Index is a popular CFD broker with an excellent proprietary platform. Source: City Index

Features

City Index is known for its proprietary platform which has a range of advanced features, along with a mobile app. This is a good choice of broker for experienced traders in particular thanks to its advanced charting tools and market analysis. There are also a large number of technical indicators. While there are many educational resources available, these are mostly aimed toward less experienced users. 

Pros

• Wide range of markets across multiple asset classes
• Solid research tools and market insights
• User-friendly platforms suitable for various trading styles

Cons

• Average pricing compared to some top-tier competitors
• Limited educational content for advanced traders

Criteria Evaluation

• Regulation: 5/5
• Trading Platforms: 5/5
• Asset Range: 5/5
• Fees and Spreads: 4/5
• Leverage: 4/5
• Customer Support: 4/5
• Education and Research: 4/5
• Deposit/Withdrawal Options: 4/5
• Execution Speed: 5/5
• Demo Account: 5/5

Community Reviews and Expert Recommendations

Overall, City Index receives positive reviews from users, mostly due to its large range of tradable instruments and user-friendly platforms. Additionally, many traders mention the research features and customer support. 

“Excellent customer support so far. Had some questions and got on a live chat with a support staff within minutes and got all my answers!” – Jonathan via Trustpilot 

“Have been with City Index for several years and am very pleased. Up until recently I have traded only from my laptop. Have just started using the City Index app and it works perfectly, which is good news because now I can go out and get some fresh air.” – David Scott via Trustpilot 

Industry experts recommend City Index for both beginner and advanced traders. However, they believe the advanced features may be a learning curve for new users at first. Discover more information in our City Index review. 

Price

As one of the best CFD brokers, City Index offers competitive spreads, with commissions applied on some markets. They provide a tiered pricing structure for active traders.

FP Markets

Best Known for: Competitive Trading Conditions

The next CFD broker review is FP Markets, which has strong regulatory oversight and a focus on low-cost trading. There are many CFDs available across several markets and trading conditions are generally competitive. Additionally, there are several advanced trading platforms to choose from and VPS hosting for fast execution of algorithmic trades. 

FP Markets is a well-regulated CFD broker with several trading platforms. Source: FP Markets

Features

A standout feature of FP Markets is its large choice of tradable platforms, including both MetaTrader 4 and 5, along with cTrader, and the IRESS platform. There are many advanced charting tools available, and market analysis, and technical indicators. While educational resources are lacking compared to other comparable brokers, FP Markets is a strong choice with fast execution speeds and competitive pricing. 

Pros

• Extensive market selection across multiple asset classes
• Competitive spreads and low commissions
• Fast execution speeds with minimal slippage

Cons

• Limited proprietary platforms compared to some competitors
• Educational resources could be more comprehensive

Criteria Evaluation

• Regulation: 5/5
• Trading Platforms: 4/5
• Asset Range: 5/5
• Fees and Spreads: 5/5
• Leverage: 4/5
• Customer Support: 4/5
• Education and Research: 4/5
• Deposit/Withdrawal Options: 4/5
• Execution Speed: 5/5
• Demo Account: 5/5

Community Reviews and Expert Recommendations

Overall, FP Markets is a reputable choice and receives good feedback from users for its range of platforms. Users also emphasize fast execution speeds and low spreads. Customer support is also mentioned in positive terms, particularly response times. 

“Great support. Good choice of platforms. Set your own leverage. Fast withdrawals. No extra charges for multiple withdrawals.” – Nicki Tunbridge via Trustpilot  

“Very quick to respond in the live chat and gave a detailed answer. Highly recommend this broker as I’ve had no problems so far and have been using them for over 6 months.” – SP via Trustpilot 

Industry experts recommend FP Markets for intermediate to advanced traders in particular, and note that their educational materials could be more extensive. Our FP Markets review provides details. 

Price

FP Markets offers competitive spreads with no commissions on standard accounts. It stands out as one of the top CFD brokers due to its transparent fee structure with volume-based discounts available on some account types.

IC Markets

Best Known for: Low Spreads and Fast Execution

IC Markets is one of the most reputable CFD brokers and is particularly known for its low-cost trading conditions and range of tradable assets. This broker aims to provide liquidity at institutional grade, making it a good choice for advanced traders. It also places a strong emphasis on advanced trading technology, while supporting algorithmic trading.  

IC Markets is a reputable CFD broker focused on advanced trading technology. Source: IC Markets

Features

IC Markets is a good choice for experienced traders, thanks to its range of advanced tools. Both MetaTrader 4 and 5 are available, alongside cTrader and IC Social for social trading. There are many charting tools, analysis, and real-time market news, along with technical indicators. The platforms can be easily customized for a flexible approach, while also being very easy to use. 

Pros

• Extremely low spreads across major currency pairs
• Wide range of markets and instruments
• Fast execution with minimal slippage

Cons

• Limited proprietary platforms compared to some competitors
• Basic research tools compared to industry leaders

Criteria Evaluation

• Regulation: 5/5
• Trading Platforms: 4/5
• Asset Range: 5/5
• Fees and Spreads: 5/5
• Leverage: 4/5
• Customer Support: 4/5
• Education and Research: 4/5
• Deposit/Withdrawal Options: 5/5
• Execution Speed: 5/5
• Demo Account: 5/5

Community Reviews and Expert Recommendations

IC Markets receives positive feedback from users with its low spreads and fast execution speeds. High-frequency traders in particular rate this broker for its liquidity and excellent customer support. 

“I have been using IC Markets for a few years now. Anytime I had an issue (archived account due to inactivity), it was dealt with promptly. This time was no different. I feel confident that my funds are secure and will never have any issues when and if I am ever a successful trader.” – George Bonatsos via Trustpilot 

“I have been using IC Markets for just over six months, and I must say that their customer service is excellent.” Consumer via Trustpilot  

Industry experts recommend IC Markets for experienced traders, thanks to its large range of advanced tools, along with a professional trading setting. Read our IC Markets review for deeper insights. 

Price

Out of all the CFD brokers on the market, IC Markets boasts some of the industry’s lowest spreads, with competitive commissions on certain account types. They offer a transparent fee structure with volume-based rebates for high-volume traders.

FxPro

Best Known for: Multiple Trading Platforms

The final CFD broker I reviewed was FxPro. This broker is well-established, having been around since 2006. It offers many trading platforms and a large range of CFDs. The real focus is on a no-dealing-desk execution style, which is a good choice for many different traders across various strategies. Additionally, there are many advanced risk management tools for peace of mind, including negative balance protection. 

FxPro is a well-established CFD trader which has been on the market since 2006. Source: FxPro

Features

FxPro offers several different trading platforms, including both MetaTrader 4 and 5, cTrader, and the proprietary FxPro Edge platform. There are many advanced charting tools available, and several order types, and analytical tools. Additionally, this broker offers many quality educational resources for different trading ability levels.  

Pros

• Choice of multiple trading platforms to suit different preferences
• No dealing desk execution for transparent pricing
• Solid educational resources and market analysis

Cons

• Limited range of non-forex CFDs compared to some competitors
• Higher minimum deposits for some account types

Criteria Evaluation

• Regulation: 5/5
• Trading Platforms: 4/5
• Asset Range: 4/5
• Fees and Spreads: 4/5
• Leverage: 4/5
• Customer Support: 4/5
• Education and Research: 4/5
• Deposit/Withdrawal Options: 4/5
• Execution Speed: 5/5
• Demo Account: 5/5

Community Reviews and Expert Recommendations

In general, FxPro receives positive feedback from users, particularly for its range of trading platforms and associated tools. Many users also mention seamless execution and fast speeds. Additionally, users also appreciate the educational resources on offer, and fast customer support. 

“I am satisfied with my trading experience on this platform. I don’t think this is the best online trading broker as many clients of FxPro claim, but they possess a seriously advanced trading infrastructure, which is making them a major player in the industry. So, choosing to trade with FxPro wouldn’t be a bad decision.” – Rowan Beckwith via Trustpilot 

“Fully reliable broker. FxPro’s regulation status is impressive, as is its reputation among traders. So, choosing to trade with FxPro shouldn’t be a wrong decision. Regarding the trading terms, I would say they are within the industry standards. The stand-out feature of this platform is its overall trading infrastructure.” – Adli Rahman via Trustpilot 

Industry experts recommend FxPro for both beginner and advanced traders, and praise its educational resources. Our FxPro review gives more details. 

Price

FxPro offers competitive spreads with no commissions on standard accounts. This CFD broker provides a transparent fee structure with volume-based discounts available on some account types.

Notable Mentions

While the ten CFD brokers in this review are all high quality and suit different needs, the following brokers also deserve a mention. 

AMarkets

AMarkets is known for its high leverage ratios, up to 1:3000 in some cases. It is arguably the best CFD broker for advanced traders in particular. Read more in our AMarkets review.  

Vantage FX

Vantage FX is a well-regulated broker with a strong focus on ECN trading. It offers copy trading capabilities and low fees. However, there is a high minimum deposit that must be considered. Discover more in our Vantage FX review. 

Plus500

Plus500 is a popular ECN broker with a quality proprietary platform. It has a simple approach to trading, making it a good choice for both beginner and advanced traders. 

ThinkTrader

ThinkTrader was formerly known as Trade Interceptor and it’s widely known for its mobile trading approach. Unlike some other CFD brokers, this option is ideal for users who like to trade on-the-go. Additionally, there are many charting tools and analytics.

Frequently Asked Questions

What factors should I consider when choosing a CFD broker?

When searching for the best CFD trading platform, it’s important to take certain elements into consideration. The most important areas to focus on are regulatory compliance, customer support fees, markets, platforms, and educational resources. Additionally, think carefully about your personal trading aims and preferences to find a broker that aligns with them. 

How do CFD brokers make money?

CFD brokers make profits through spreads. This is the difference between the buy and sell prices. They also make money through trade commissions, overnight charges for leveraged positions. Every broker has a different fee structure and it’s important to understand thoroughly before making a decision. 

What is leverage in CFD trading, and how does it work?

In CFD trading, leverage allows traders to take control of a larger part of a small capital outlay. While this can undoubtedly increase the chances of gains, it can also lead to greater losses. Brokers offer different leverage ratios and these are often under regulation to protect traders against large financial losses. Our guide to the highest leverage forex brokers provides more information. 

Are CFD brokers regulated, and why is regulation important?

It’s vitally important to check the regulation of any broker you’re considering trading with. Many CFD brokers have regulation through authorities in their local jurisdiction. However, protection depends on which regulator the broker is with. Look for top tier regulators, such as ASIC, CySEC, and FCA for the best level of protection for your investments. 

While you’re here, read our guide to the best FCA regulated forex brokers. 

What types of CFDs can I trade with these brokers?

Different CFD trading platforms all have their own range of available CFDs, but typically these include forex, stocks, cryptocurrencies, commodities, bonds, or ETFs. When looking for the best CFD trading platform, brokers regulated by top-tier entities often have access to a larger range of markets with multiple asset classes. This is ideal for diversifying portfolios and minimizing risk. 

Final Thoughts

Choosing the ideal CFD broker for your needs is an important step. There is no single broker on the market that suits every trader, so it’s important to first consider your personal trading needs and goals. 

In this CFD trading broker review, it’s clear to me that all brokers have their unique strengths and weaknesses. Assessing these carefully is vital to ensure you make the right decision. However, it’s just as important to understand CFD trading in detail. This type of trading carries a higher risk due to the introduction of leverage. While this can certainly amplify gains, it can just as simply increase the risk of losses. 

At TopBrokers, we understand broker selection is a complex process. To help, we have a number of comparisons and reviews on our site to allow you to make an informed decision. Additionally, we’re committed to helping traders grow and develop through consistent training and education. We offer many resources for both beginner and advanced users. For instance, our resource on how to create and manage a trading strategy is ideal for new traders, along with our article on how to manage forex trading stress. Advanced traders will also find value, including understanding Gartley and how to trade with it. 

Knowing the best brokers for CFD trading is just the first step. A successful journey also includes ongoing training and development, market understanding and careful risk management.