9 Best CFD Brokers: Top CFD Trading Platforms for 2024

What is CFD Trading?

CFD trading, or "Contract for Difference," allows traders to speculate on price movements of assets like forex, stocks, and commodities without owning them.

It’s a flexible trading method, offering opportunities to profit in both rising and falling markets.

For a safe and seamless experience, it’s crucial to trade with regulated CFD brokers for beginners who provide transparent terms and robust support. The best CFD brokers for trading offer intuitive platforms, low fees, and access to a wide range of markets, making CFD trading accessible and rewarding for traders at all levels.

Key Features to Look for in a CFD Broker

Before getting to the list of the best CFD brokers, knowing what to look for is important.

Choosing the right CFD broker can significantly impact your trading success. If you're wondering how to choose a CFD broker, focus on these essential features:

1. Regulation and Safety: Always opt for a regulated broker to ensure your funds are secure and the trading environment is transparent.

2. User-Friendly Platforms: The best CFD brokers provide intuitive platforms with advanced tools for analysis and seamless execution.

3. Low Fees and Spreads: Competitive fees, including tight spreads and low commissions, can save you money in the long run.

4. Wide Market Access: Choose brokers offering diverse asset classes, including forex, stocks, commodities, and cryptocurrencies.

5. Leverage and Margin Options: Look for brokers with flexible leverage options suited to your trading style and risk tolerance.

6. Customer Support: Reliable customer service ensures you get help quickly when needed, whether you're a beginner or an expert.

7. Educational Resources: For those new to trading, a broker with tutorials, webinars, and demo accounts can make learning easier.
    

The Best CFD Brokers in 2024

Here are the best CFD brokers in 2024, carefully selected for their outstanding performance, user-friendly platforms, and trusted reputation.
 

XS.com

XS.com is a global multi-asset broker known for its robust features, extensive market access, and strong regulatory framework. It offers a versatile platform for both beginners and professional traders, with multiple account types and trading tools tailored to diverse needs.

Key Features

• Regulated Broker: Licensed by top-tier authorities, including ASIC, CySEC, and FSA Seychelles, ensuring trust and security.

• Wide Market Access: Trade CFDs on shares, indices, metals, energy, crypto, currencies, commodities, and futures.

• Dynamic Leverage: Offers up to 1:2000 leverage, dynamically adjusted based on trading volumes for efficient capital use.

• Account Variety: Includes Cent, Standard, Micro, Pro, Elite, and VIP accounts.

• Advanced Platforms: Supports MetaTrader 4 and MetaTrader 5 for a powerful trading experience.

• Insurance Protection: Offers a Civil Liability Insurance Program covering up to $5 million, at no cost to clients.

Pros

• Multilingual customer support in 11+ languages.

• Wide range of account types for beginners and pros.

• Award-winning services with global recognition.

Cons

• Does not operate in the USA, North Korea, or Iran.

• Demo account only accessible after creating a live account.

• Limited details on advanced trading tools.
   

IG Trading Platform

IG Trading Platform is a leading name among the best CFD brokers, known for its reliability, advanced tools, and extensive market coverage. With decades of experience in the financial industry, IG caters to beginners and expert traders, offering a seamless trading experience.

Key Features

• Regulated Broker: Licensed by eight Tier-1 regulators, including the FCA, ASIC, and MiFID, ensuring exceptional trust and security.

• Extensive Market Coverage: Access over 19,000 tradable symbols, including 97 forex pairs.

• Advanced Platforms: Offers an intuitive proprietary platform and MetaTrader 4 for powerful trading solutions.

• Educational Excellence: Provides beginner and advanced trading videos, webinars, and a comprehensive glossary through the IG Academy.

• Competitive Pricing: Features low spreads, with an average EUR/USD spread of 0.98, and active trader discounts for reduced costs.

Pros

• Access to a vast range of tradable assets.

• Strong regulatory backing with a Trust Score of 99.

• Exceptional educational resources for all trader levels.

• User-friendly mobile apps with advanced trading tools.

Cons

• Minimum deposit requirements may be higher than some competitors.

• No support for MetaTrader 5.

• Does not offer copy trading or social trading features.
   

Interactive Brokers

Interactive Brokers is a globally recognized name in the trading industry, offering a robust platform for CFD trading. Known for its advanced features, low fees, and access to a wide range of global markets, Interactive Brokers is a top choice for professional and active traders.

Key Features

• Regulated Broker: Licensed by top-tier authorities, including FCA, ASIC, and MiFID, ensuring unparalleled security and trust.

• Extensive Asset Range: Access to 8,500 tradeable symbols and 90 forex pairs across global markets.

• Low Spreads: Offers highly competitive spreads, averaging 0.63 on EUR/USD, significantly below the industry average.

• Proprietary Platforms: Features an advanced proprietary platform for comprehensive trading tools and functionality.

• Education Excellence: Provides beginner and advanced educational resources, including webinars and tutorial videos.

Pros

• No minimum deposit requirement.

• Exceptional range of tradable instruments.

• Industry-leading low spreads and fees.

Cons

• No support for MetaTrader 4 or 5 platforms.

• Limited funding options, excluding popular methods like PayPal or Skrill.

• No copy trading features.
   

eToro

eToro is a prominent name among the best CFD brokers, renowned for its innovative social trading platform and diverse financial instruments. It caters to all types of traders, offering unique features that enhance the trading experience.

Key Features

• Regulated Broker: eToro operates under multiple regulatory authorities, including the FCA in the UK and ASIC in Australia, ensuring a secure trading environment.

• Social Trading Platform: eToro's proprietary platform is tailored for social trading, allowing users to follow and replicate the trades of experienced investors.

• Diverse Asset Selection: Offers CFDs on forex, stocks, commodities, cryptocurrencies, and more.

• User-Friendly Interface: The platform is designed for ease of use, featuring a clean interface suitable for traders at all levels.

Pros

• Offers copy trading, enabling users to replicate successful traders' trades.

• Offers commission-free trading for U.S. stocks, appealing to cost-conscious traders.

• The mobile app provides a seamless trading experience across devices.

Cons

• Lacks integration with MetaTrader 4 and 5 platforms, which may be a drawback for traders accustomed to these tools.

• The EUR/USD spread is competitive at one pip, but the 1% trading fee per transaction reduces cost-effectiveness.

• Offers 55 forex pairs, which may be fewer than some competitors.
   

Saxo

Saxo is a premium trading platform renowned for its comprehensive market access and professional-grade tools. As one of the best CFD brokers, Saxo caters to advanced traders and institutions with its extensive range of assets and robust trading experience.

Key Features

• Regulated Broker: Saxo is heavily regulated, ensuring a secure and transparent trading environment.

• Wide Asset Range: Offers over 60,000 tradable instruments, including CFDs on forex, stocks, indices, and commodities.

• Cross-Platform Functionality: Delivers a seamless trading experience across desktop, web, and mobile platforms.

• In-Depth Research Tools: Provides advanced analysis, research reports, and charting tools.

• Premium Account Options: Higher-tier accounts offer lower fees and exclusive benefits for professional traders.

Pros

• Wide market access and diverse asset offerings.

• High-quality research tools and professional-grade features.

• Robust platform with an intuitive interface.

Cons

• High minimum deposit requirements.

• No MetaTrader integration for MT4 or MT5 users.

• Fees may be less competitive for smaller accounts.
   

CMC Markets

CMC Markets is a globally recognized CFD and forex broker celebrated for its robust platform, competitive pricing, and extensive asset range. It is widely considered one of the best CFD brokers, offering features catering to beginners and advanced traders.

Key Features

• Regulated Broker: Licensed by top-tier regulators such as ASIC, FCA, MAS, and CIRO, ensuring a highly trusted trading environment.

• Extensive Investment Options: Offers access to over 12,000 tradeable symbols, including 156 forex pairs, CFDs on stocks, indices, commodities, and treasuries.

• Proprietary Platform: Provides an intuitive, advanced trading platform alongside MetaTrader 4.

• Educational Resources: Comprehensive resources, including beginner and advanced trading videos, a glossary, and other educational materials.

• Copy Trading: Supports copy trading, enabling traders to follow the strategies of experienced professionals.

Pros

• Broad range of tradable assets, including a vast portfolio of CFDs.

• Low trading fees with no minimum deposit.

• Extensive educational resources for all skill levels.

Cons

• MetaTrader 4 has fewer symbols compared to its proprietary platform.

• No support for MetaTrader 5.

• Limited access to client webinars.
   

FxPro

FXPro is a top-rated CFD broker known for its transparency, strong regulation, and advanced trading platforms, making it a trusted choice for traders of all levels.

Key Features

• Regulated Broker: FXPro is regulated by reputable authorities, including the FCA and CySEC, ensuring a secure and transparent trading environment.

• Multiple Trading Platforms: Offers MetaTrader 4, MetaTrader 5, and cTrader, catering to diverse trading styles and preferences.

• Wide Range of Assets: Access to over 2,100 tradable instruments, including forex, commodities, indices, and shares.

• Competitive Pricing: Features tight spreads and a trader-friendly fee structure for cost-effective trading.

Pros

• Multiple account types to suit different trader needs.

• Advanced trading platforms with robust tools.

• Regulated by top-tier authorities for added trust.

• Comprehensive asset selection.

Cons

• $100 minimum deposit may be high for some beginners.

• Limited educational resources compared to other brokers.
   

FOREX.com

FOREX.com is one of the best CFD brokers, offering a comprehensive trading experience backed by top-tier regulation, competitive pricing, and excellent educational resources.

Key Features

• Regulated Broker: Licensed by major authorities, including ASIC, FCA, and CFTC, ensuring a secure and trustworthy trading environment.

• Extensive Market Access: Provides access to over 5,500 tradeable symbols, including 91 forex pairs.

• Diverse Platforms: Offers MetaTrader 4, MetaTrader 5, its proprietary platform, TradingView, and NinjaTrader.

• Educational Resources: Strong focus on beginner education with tutorials, webinars, and a comprehensive glossary.

• Active Trader Discounts: Offers significant cost reductions for active traders through VIP programs.

Pros

• Wide range of instruments and advanced trading platforms.

• Excellent educational materials for beginners and advanced traders.

• Strong regulatory backing with global oversight.

Cons

• Higher spreads (1.4 pips for EUR/USD) on standard accounts.

• Limited symbols available on MetaTrader 4 compared to proprietary platforms.

• Inactivity fees for dormant accounts.
   

City Index

City Index is a trusted broker offering a wide range of tradable instruments and advanced tools, making it an excellent choice for both forex and CFD traders. With top-tier regulation and robust platforms, it stands out as a reliable and feature-rich option for traders of all levels.

Key Features

• Regulated Broker: Authorized by top-tier regulators, including ASIC, FCA, and MiFID, ensuring a secure and transparent trading environment.

• Extensive Market Access: Offers over 13,500 tradable instruments and 84 forex pairs.

• Diverse Platforms: Provides both MetaTrader 4 and a proprietary trading platform to accommodate different trading styles.

• Educational Resources: Includes beginner and advanced videos, webinars, and an investor glossary for comprehensive learning.

• Mobile Trading Excellence: Highly rated mobile apps for seamless trading on iOS and Android devices.

Pros

• Wide selection of markets and instruments.

• Regulated by major financial authorities for trust and safety.

• Advanced mobile trading apps with full platform functionality.

Cons

• Higher EUR/USD spreads (1.4 pips) on standard accounts.

• Charges inactivity fees for dormant accounts.

• Lacks MetaTrader 5 support.
   

Conclusion

Choosing the best CFD broker is a crucial step toward achieving trading success. In 2024, the top brokers, including XS.com, IG, and Interactive Brokers, offer advanced platforms, diverse market access, and strong regulatory backing. Join XS today and start your trading journey!