We tested 30+ CFD brokers hands-on, analyzing spreads, execution speed, platform quality, and regulation. Here are the best CFD brokers ranked by our expert team.

Award-winning Australian broker with razor spreads, multi-platform support, and no minimum deposit.
Min Deposit
$0
Spread From
0.0 pips
Max Leverage
1:500
Founded
2010
75.3% of retail investor accounts lose money when trading CFDs with this provider.

LSE-listed pioneer since 1989 with 10,000+ instruments and award-winning Next Generation platform.
Min Deposit
$0
Spread From
0.7 pips
Max Leverage
1:30 (EU), 1:500 (Pro)
Founded
1989
72% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

LSE-listed European broker with award-winning xStation 5 platform and commission-free stocks.
Min Deposit
$0
Spread From
0.1 pips
Max Leverage
1:500
Founded
2002
76% of retail investor accounts lose money when trading CFDs with this provider.
Australian ECN broker with four platform options, raw spreads, and ASIC/CySEC regulation.
Min Deposit
$100
Spread From
0.0 pips
Max Leverage
1:500
Founded
2005
73.85% of retail investor accounts lose money when trading CFDs with this provider.
Well-regulated European broker since 2001 with zero-spread accounts and strong education.
Min Deposit
$25
Spread From
0.0 pips
Max Leverage
1:500
Founded
2001
76% of retail investor accounts lose money when trading CFDs with this provider.

Social trading pioneer with copy trading, crypto, and commission-free stock trading.
Min Deposit
$50
Spread From
1.0 pips
Max Leverage
1:30 (Retail EU)
Founded
2007
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Trusted forex specialist since 1996 with transparent pricing and advanced API access.
Min Deposit
$0
Spread From
0.1 pips
Max Leverage
1:50 (US), 1:30 (EU)
Founded
1996
CFDs are complex instruments. 74% of retail investor accounts lose money when trading CFDs.

Global broker with proprietary ThinkTrader platform, no minimum deposit, and multi-tier regulation.
Min Deposit
$0
Spread From
0.0 pips
Max Leverage
1:500
Founded
2010
72.5% of retail investor accounts lose money when trading CFDs with this provider.
New Zealand ECN broker with raw spreads, no minimum deposit, and multi-platform support.
Min Deposit
$0
Spread From
0.0 pips
Max Leverage
1:500
Founded
2014
Trading derivatives carries a high level of risk. You may lose more than your initial deposit.
| Broker | Overall Score | Min Deposit | EUR/USD Spread | Max Leverage | Platforms | Regulation |
|---|---|---|---|---|---|---|
IC Markets | — | $200 | 0.0 | 1:500 | MetaTrader 4, MetaTrader 5, cTrader | ASIC, CySEC, SCB, FSA |
Pepperstone| — |
| $0 |
| 0.0 |
| 1:500 |
| MetaTrader 4, MetaTrader 5, cTrader, TradingView |
| ASIC, FCA, CySEC, DFSA, SCB |
IG Markets | — | $1 | 0.6 | 1:30 (Retail EU) | IG Trading Platform, MetaTrader 4, ProRealTime, L2 Dealer | FCA, BaFin, CySEC, ASIC, NFA, CFTC, FINMA, MAS, DFSA |
Plus500 | — | $100 | 0.5 | 1:300 | Plus500 WebTrader, Plus500 Mobile App | FCA, CySEC, ASIC, MAS, FSCA, DFSA, FMA NZ, SCB, FSA Seychelles |
CMC Markets | — | $0 | 0.7 | 1:30 (EU), 1:500 (Pro) | Next Generation, MetaTrader 4 | FCA, ASIC, BaFin, MAS, FMA |
XTB | — | $0 | 0.1 | 1:500 | xStation 5, xStation Mobile | FCA, KNF, CySEC, IFSC, CNMV |
FxPro | — | $100 | 0.3 | 1:200 | MetaTrader 4, MetaTrader 5, cTrader, FxPro Platform | FCA, CySEC, FSCA, SCB |
F FP Markets | — | $100 | 0.0 | 1:500 | MetaTrader 4, MetaTrader 5, cTrader, IRESS | ASIC, CySEC, FSCA, FSA |
FOREX.com | — | $100 | 0.2 | 1:50 (US), 1:30 (EU) | FOREX.com Platform, MetaTrader 4, MetaTrader 5, TradingView | FCA, ASIC, CFTC, NFA, CySEC, CIMA |
A Admirals | — | $25 | 0.1 | 1:500 | MetaTrader 4, MetaTrader 5, Admirals Mobile App | FCA, CySEC, ASIC, EFSA, CMA, JSC |
XM | — | $5 | 0.6 | 1:888 | MetaTrader 4, MetaTrader 5, XM WebTrader, XM Mobile | CySEC, ASIC, IFSC, DFSA |
eToro | — | $50 | 1.0 | 1:30 (Retail EU) | eToro Platform, eToro Mobile App | FCA, CySEC, ASIC, FinCEN |
Exness | — | $1 | 0.1 | Unlimited | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trade App | FCA, CySEC, FSCA, FSA Seychelles |
OANDA | — | $0 | 0.6 | 1:50 (US), 1:30 (EU) | OANDA Trade, MetaTrader 4, TradingView, OANDA API | FCA, ASIC, IIROC, NFA, CFTC, MAS |
ThinkMarkets | — | $0 | 0.0 | 1:500 | MetaTrader 4, MetaTrader 5, ThinkTrader | FCA, ASIC, CySEC, FSCA, FSA |
B BlackBull Markets | — | $0 | 0.0 | 1:500 | MetaTrader 4, MetaTrader 5, cTrader, TradingView | FMA, FSA |
Axi | — | $0 | 0.0 | 1:500 | MetaTrader 4, Axi Mobile | ASIC, FCA, DFSA, FMA |
Vantage Markets | — | $50 | 0.0 | 1:500 | MetaTrader 4, MetaTrader 5, ProTrader, Vantage App | ASIC, FCA, VFSC |
Trading.com | — | $50 | 0.6 | 1:50 | MetaTrader 5, Trading.com Mobile | FINRA, NFA |
A great CFD broker combines competitive pricing with robust platform technology and strong regulatory oversight. The best brokers offer tight spreads on major instruments, fast and reliable execution, and a wide range of tradeable CFD markets spanning forex, indices, commodities, shares, and cryptocurrencies.
Beyond pricing, platform quality is paramount. Top CFD brokers provide intuitive charting tools, advanced order types, and seamless mobile trading experiences. Risk management features such as guaranteed stop-losses, negative balance protection, and real-time margin monitoring are essential for protecting traders from excessive losses.
Regulation is the foundation of trust in CFD trading. The best brokers hold licenses from tier-1 regulators like the FCA (UK), ASIC (Australia), and CySEC (EU), which enforce strict capital adequacy requirements, segregated client funds, and transparent business practices.
CFD trading costs come in several forms, and understanding them is crucial for maximizing profitability. The primary cost is the spread — the difference between the bid and ask price. Raw spread accounts typically offer spreads from 0.0 pips but charge a per-lot commission, while standard accounts embed the cost in wider spreads with no commission.
Overnight financing (swap rates) is another significant cost for traders holding positions beyond the daily cutoff. These rates vary considerably between brokers and can significantly impact the profitability of longer-term CFD positions. Some brokers offer swap-free Islamic accounts for traders who need them.
Additional fees to consider include inactivity fees, withdrawal charges, currency conversion costs, and guaranteed stop-loss premiums. The best CFD brokers are transparent about all costs and provide fee calculators to help traders understand their total trading expenses before opening positions.
Regulatory oversight is the single most important factor when choosing a CFD broker. Tier-1 regulators like the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC) impose strict requirements on brokers to protect retail traders.
Key regulatory protections include segregation of client funds from company operating capital, negative balance protection ensuring you cannot lose more than your deposit, and participation in investor compensation schemes. In the EU, ESMA regulations cap retail CFD leverage at 30:1 for major forex pairs and 2:1 for cryptocurrencies.
Traders should verify a broker's regulatory status directly with the relevant authority before depositing funds. Be wary of unregulated offshore brokers offering extremely high leverage or unrealistic bonus schemes, as these often lack adequate client protections and may make it difficult to withdraw funds.
Beginner CFD traders should start with a demo account to learn platform mechanics without risking real capital. When transitioning to live trading, start with small position sizes and focus on highly liquid markets like major forex pairs or large-cap index CFDs. Setting strict stop-losses on every trade is non-negotiable for risk management.
Intermediate traders can explore more sophisticated strategies including swing trading on daily timeframes, pairs trading correlated instruments, and using technical analysis to identify high-probability entry and exit points. Portfolio diversification across multiple asset classes helps reduce concentration risk.
Advanced CFD traders often employ strategies such as scalping on raw spread accounts, hedging physical portfolios with CFD positions, and trading volatility events around economic data releases. Professional accounts with higher leverage are available for qualified traders, but the removal of negative balance protection makes robust risk management even more critical.
Our team of experienced traders tested each CFD broker by opening real accounts, executing trades, and evaluating spreads, execution quality, platform features, regulation, and customer support. We focused on CFD-specific features including leverage options, margin requirements, overnight financing rates, and the range of CFD instruments available.