Top CFD Brokers - October 2022

Find the best CFD Broker for you & Start trading instantly!

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1
Innovative technology
95
Users Score
2
Award-winning NZ Broker
92
Users Score
3
Free Education
91
Users Score
4
Special 40% Bonus
88
Users Score
5
4.8 stars on Trustpilot
84
Users Score
6
Experienced broker (Est. 2002)
82
Users Score
7
Award winning support
79
Users Score
8
50% bonus on first deposit
77
Users Score
Broker
Advantages
Asset
Type
Spreads
From
Max
Leverage
User
Score
Regulation
Support
Start Trading
1
Innovative technology
PayPal Accepted
Stocks
Currencies
Indices
Commodities
0.1 PIPs
0 PIPs
0.1 Pts
0.3 Pts
1:10
1:200
1:25
1:100
FCA (UK), DFSA, ASIC ,CMA, CySEC, SCB
2
Award-winning NZ Broker
No fees on deposits
Forex
Indices
0.1 pips
0.5
1:500
1:100
FMA (New Zealand), FSA
3
Free Education
Currencies
Commodities
0.3 Pips
$0.01
30:1
30:1
ASIC (Australia), VFSC
4
Special 40% Bonus
*up to 8K$
Bitcoin
Stocks
Variable
0.1 PIPs
1:20
1:30
ASIC, FSB, Mifid, IIROC, FSA
5
4.8 stars on Trustpilot
by 14,520 reviewers
Stocks
Currencies
0.1 PIPs
0.1 PIPs
1:500
1:200
ASIC (Australia)
6
Experienced broker (Est. 2002)
Currencies
Indices
0.28 Pips
0.39 Pts.
1 : 200
1 : 133
IFSC, FCA, KNF, DFSA, CySEC
7
Award winning support
Currencies
Indices
0.05 Pips
0.2 Pips
1:500
1:500
ASIC (Australia), CySEC
8
50% bonus on first deposit
*up to $500 credit
Currencies
Indices
0.0 PIPs
0.0 Pts
30:1
30:1
ASIC (Australia)

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Understanding CFD Trading

CFDs are traded between traders and providers. Every provider has their own terms so there are no standard contract terms. However, many CFD providers share similarities in their contract terms. A CFD begins by opening a trade on a specific instrument – this establishes a position in that financial instrument and there is no expiration date. When the position is closed, the difference between the closing price and opening price is paid. This is either a profit or a loss. The CFD may charge fees including commission, big-offer spread, account management and overnight financing.
While CFDs do not expire, positions that are open overnight are rolled over. This means that any profit or loss is realized and is credited to the trader. CFDs are traded with margin and traders must keep a minimum margin level at all times. A common feature in CFD trading is that loss, profit and margin requirements are constantly calculated in real time and can be seen by traders. If the amount of funds in the trader’s account decreases to a level that is below the minimum margin level then margin calls may be made.

How to choose a CFD broker?

A CFD (Contract for Difference) is a derivative trading instrument. With CFDs, you simply speculate on the price movements of financial assets. There are multiple markets to trade including indices, equities, currency pairs, commodities and bonds.

  • Choose regulated cfd brokers

Unregulated CFD brokers are dicey propositions. Avoid them and choose online trading brokerages that have full licensing and regulation. CySEC (Cyprus Securities and Exchange Commission) is a popular regulatory authority.

  • Trading Platforms

CFD trading is conducted online. Traders have a preference for high quality trading platforms such as MetaTrader 4, WebTrader, mobile trading options for Android and iOS, as well as proprietary trading platforms tailored to the broker in question.

  • Available account options

Ideally, you want access to multiple account options. Each trader requires a unique set of options including minimum and maximum deposits, personalised support, educational resources, and exclusive trading opportunities. Competitive spreads, leverage and range of payment processing options are important for CFD trading.

  • Educational tools for CFD trading

The best CFD traders are the ones who understand market dynamics. CFD brokers can perform an invaluable service by providing their clients with access to the finest charting tools, market updates, economic calendars, expert financial insights, signal indicators, webinars and a comprehensive FAQ database.

Broker Reviews
Pepperstone Group Limited is fully licensed and regulated by the ASIC to offer real money CFD trading of Forex and [...]
BlackBull Markets is an electronic communication network (ECN) and No Dealing Desk (NDD) broker. Its specialties are forex, commodities, CFDs, [...]
Eightcap is a Melbourne-based broker, established in 2009. The company’s mission is to provide traders with an exceptional forex experience. [...]
Learn More About CFDs

Introduction to CFDs
A Contract for Difference (CFD) is the difference between where a trade was entered and exited. CFDs are tradable instruments [...]
CFD Trading Platforms
As a newbie trader, contracts for difference can be somewhat overwhelming. These seemingly complex financial instruments can be better understood [...]
Choosing a CFD Broker / By Ryan Fine
As a trader, you always want to know that your chosen CFD brokerage is the best one for your trading [...]
Risks of CFD Trading
CFDs are leveraged financial products. For many traders, the appeal of CFDs masks the risks associated with these products. The [...]
Understanding CFD Financial Instruments
Contracts for Difference (CFD) are derivative financial trading instruments. With CFDs, you can speculate on rising or falling prices of [...]
Broker Reviews
Pepperstone Group Limited is fully licensed and regulated by the ASIC to offer real money CFD trading of Forex and [...]
BlackBull Markets is an electronic communication network (ECN) and No Dealing Desk (NDD) broker. Its specialties are forex, commodities, CFDs, [...]
Eightcap is a Melbourne-based broker, established in 2009. The company’s mission is to provide traders with an exceptional forex experience. [...]
Learn More About CFDs

Introduction to CFDs
A Contract for Difference (CFD) is the difference between where a trade was entered and exited. CFDs are tradable instruments [...]
CFD Trading Platforms
As a newbie trader, contracts for difference can be somewhat overwhelming. These seemingly complex financial instruments can be better understood [...]
Choosing a CFD Broker / By Ryan Fine
As a trader, you always want to know that your chosen CFD brokerage is the best one for your trading [...]
Risks of CFD Trading
CFDs are leveraged financial products. For many traders, the appeal of CFDs masks the risks associated with these products. The [...]
Understanding CFD Financial Instruments
Contracts for Difference (CFD) are derivative financial trading instruments. With CFDs, you can speculate on rising or falling prices of [...]

"A friend of mine recommended them to me. They are by far the best CFD broker I ever used thus far."

User Score: 98 Written on: 22.10.2016

Pros

  • Regulated by CySEC & FSB
  • Over 9 years of experience (established 2008)
  • Client funds are held in segregated bank accounts
  • No commission trading with tight spreads
  • Multiple languages and Islamic accounts
  • Practice Account available to traders
  • Multiple platforms to choose from including MetaTrader 4

Cons

  • Information on bonuses is scant
  • They charge inactivity fee
  • They don’t offer price alerts
  • They don’t offer DMA/ECN/STP Accounts

"As an experienced trader, I think they are great. They offer great options and low spreads along with excellent trading tools."

User Score: 91 Written on: 19.06.2016

Pros

  • Demo trading account
  • 1250 tradable instruments
  • Global licensing and regulation
  • Stop-loss feature

Cons

  • No bonus for EU-based clients