Best CFD Brokers

Explore the best CFD brokers in 2024 through in-depth analysis, revealing the finest choices for traders.

Contracts for differences (CFDs) enable speculation on future price movements across diverse asset classes. CFD trading has gained popularity due to factors like a modest initial investment, the flexibility of going long or short, and the option for leveraged trading. The primary factor to ensure a successful trading journey is to choose the best CFD brokers that cater to your requirements. 

CFD trading operates on an uneven playing field, with varying experiences and efficiencies among traders. These platforms will be your partner in this risky and volatile space.

The Best CFD Brokers in 2024

These are the 11 best CFD brokers of 2024 that boast all the necessary features and tools essential for traders. 

  1. eToro – Overall the best CFD Broker in 2024 in the online brokerage industry
  2. Vantage – The leading CFD broker with an advanced and comprehensive suite of trading tools.
  3. Skilling – The best CFD broker of 2024 with spreads starting at 0.1 Pip
  4. Plus500 – The most popular platform among traders for its accessibility, simplicity, and diverse trading options.
  5. XM – One of the leading CFD brokers known for its client-focused approach 
  6. AvaTrade – The global brand best known for providing FX and CFD traders
  7. Pepperstone – One of the best CFD brokers that offer a bevy of trading platforms
  8. XTB – Overall leading CFD broker of 2024 with top-tier regulation
  9. IG – Trade 18,000+CFD Markets With an Established Broker
  10. Trade Nation – One of the most user-friendly CFD brokers 
  11. CMC Markets – This leading CFD trading platform is known for its comprehensive market access

Review Of The Best CFD Brokers In 2024

For novice traders, choosing the right CFD platform could be overwhelming, given the number of trading platforms available in the market. Navigating this landscape can be daunting because of fraudulent options, intricate interfaces, and platforms that are less accommodating for beginners.

While many online CFD brokers and trading platforms cater to investors with excellent service, the ones on our top list go the extra mile. These brokers provide a wide array of tradable assets, seamless trading experiences, and valuable tools for traders of all levels.

 1. eToro – Overall the best CFD brokers 2024 for beginners 

eToro stands out globally as a trading platform for investing in crypto, stocks, and ETFs. It also includes CFDs on commodities trading, currencies, and indices for added diversification. The platform’s trading instruments are designed for efficiency, reflecting their overall streamlined approach. This makes e Toro one of the best CFD brokers of 2024 for beginners. Best CFD Brokers

eToro offers an extensive variety of stock and crypto CFDs, spanning over 3,000 instruments for leveraged trading. This includes commodities, indices, stocks, ETFs, and forex. CFD trading at eToro is primarily spread-based. For example, forex spreads commence at 1 pip, oil and silver have 5-pip spreads, and gold has a 45-pip spread.

This top CFD broker also offers sought-after Smart Portfolios managed by the eToro brokerage. It tracks specific markets like renewable energy, Big Tech, and driverless cars. These portfolios provide exposure to corresponding stocks and come without extra management charges.

For beginners aiming to master this complex strategy, eToro provides a valuable tool in the form of a Demo Account. With a virtual portfolio of $100,000, users can practice and test strategies effectively.

eToro Copy Trade

Registration is a swift process and requires just around 10 minutes. eToro operates on a commission-free model, generating income from spreads. While a percentage is applied to purchases, eToro reduces the spread of selling in case of losses.

A Quick Overview of eToro CFD Broker

CFD assets Offers a wide variety of Stocks, ETFs, forex, commodities, crypto, and indices
Number of CFD contracts Over 3000+
Pricing system
  • No fees on stocks and ETFs
  •  A 1% fee on crypto
  • CFD markets operate on a spread-only basis
Deposit fee
  • No charges for USD payments
  • A 0.5% fee applies to other currencies
EUR/USD spread 1 pip
Cost of trading Amazon stock $0.15 spread
Trading Platforms  eToro offers its proprietary platform accessible through web browsers and mobile devices
Minimum Deposit
  • For UK/US traders, the fee is $10
  • For other regions, it’s $50

eToro Review 2023

eToro Pros and Cons 

Pros:
  • Overall best CFD brokers 2024
  • Offers paper trading
  • Has a user-friendly interface and platform
  • Users can engage with professional investors to learn strategy tips
  • Traders can invest in full or fractional shares for as little as $10
  • Has low CFD rates and a transparent, standardized fee structure
Cons:
  • The platform only supports USD accounts
  • Does not provide telephone support for customer queries

2. Vantage – One of the highly trusted and best CFD brokers of 2023

Vantage Markets is one of the best CFD brokers that provides 3 account options and permits trading across 9 markets. The platform focuses on forex and CFD trading. The platform presents diverse trading instruments. Non-US users can invest in CFDs for financial diversity. Islamic investors can open principle-aligned accounts for responsible and ethical financial management.

Vantage CFD Broker

It facilitates CFD trading of listed companies in countries like the USA, Australia, the UK, and Europe. A distinctive feature of Vantage is its ability to commence CFD trading with minimal spreads. For instance, when trading Google share CFDs, you pay only a 0.1-pip spread. US share CFDs have no commissions. Other CFD trades may have a small commission based on your account type. Standard accounts offer low commissions and a slightly higher spread.

It offers a distinctive feature with PRO Trader Tools for clients depositing over $1000. These tools aid in monitoring 35,000+ tradable assets globally and provide access to a premium economic calendar. Additionally, customer funds are safeguarded in segregated accounts, enhancing security.

Vantage Assets

The platform is recommended for traders who are willing to invest large sums and are confident in their trading abilities. Besides the mentioned advantages, Vantage offers extensive technical charting options, aiding investors in refining their decision-making process.

A Quick Overview Of Vantage CFD Broker

CFD assets Offers a wide variety of share and crypto CFDs
Number of CFD contracts NA
Pricing system
  • Has low spreads
  • Charges no commissions on US share CFDs
Deposit fee None
EUR/USD spread From 0.0 – 0.2 pips
Cost of trading Amazon stock 0. spread
Trading Platforms  Users can trade on:

  • Their own platform using the web or mobile
  • MT4 and MT5
Minimum Deposit $50

Vantage Pros and Cons 

Pros:
  • Top CFD broker for low spreads and low commissions
  • Has top-notch value-added tools and services
  • User-friendly mobile app with many features
  • Leverage options can strengthen investor portfolios
Cons:
  • The platform is not available to users in all countries, especially the U.S.
  • Charges larger starting deposits

3. Skilling – The leading fintech platform that makes CFD online trading simple

If you are searching for the best CFD brokers of 2024 for beginners, Skilling is your best choice. Launched in 2019, this highly regarded CFD trading platform has opted to attract new customers by offering competitive fees and commissions. It not only provides a 100% commission-free approach across all markets but also offers extremely tight spreads.

Skilling Top CFD Broker

The company provides trading opportunities through widely acknowledged platforms like MT4, cTrader, and their own web-based platform. These options are accessible on both iOS and Android devices. This leading CFD broker offers 800+ CFD instruments, including major, minor, and exotic forex pairs and cryptos. The platform’s native version is accessible through web browsers or iOS/Android apps. Skilling simplifies asset search, chart review, and order placement.

Skilling has a Copy Trading tool to replicate successful strategies in real time. This suits those preferring passive CFD trading. The platform’s maximum leverage is 1:500, with limits based on the trader’s location.

Skilling’s notable aspects include compatibility with various third-party trading platforms, such as MT4 and cTrader, enabling automated CFD trading robots and forex EAs. Alternatively, less experienced users can opt for trading through Skilling Trader.

This top CFD broker offers a demo account with a $10,000 virtual balance, allowing potential customers to experience Skilling’s real investing environment. This risk-free account is useful for testing strategies, learning, and getting acquainted with trading. The demo account is accessible for 90 days after registration. Interested users can sign up on the website and later transition to a Standard account by verifying their account.

A Quick Overview Of Skilling CFD Broker 

CFD assets Offers a variety of stocks, forex, commodities, crypto, indices
Number of CFD contracts 900+
Pricing system 0% on standard accounts
Deposit fee
  • Free for Debit/credit cards
  • e-wallets range from 0-2.9%
EUR/USD spread From 0.7 pips
Cost of trading Amazon stock $0.53 spread
Trading Platforms  Accessible on the web and mobile, as well as on MT4 and cTrader
Minimum Deposit €100

Skilling Pros and Cons 

Pros:
  • Offers a commission-free trade with highly competitive spreads from 0.7 pips
  • Users can trade over 800 securities across 17 global markets
  • The platform is compatible with MT4 and cTrader
Cons:
  • Requires a high minimum deposit for premium accounts at $5,000
  • No robust customer support
  • Has limited educational resources
  • The platform does not support ETF trading

4. Plus500 – One of the best well-regulated CFD brokers with competitive spreads

Plus500 specializes in CFD trading and covers stocks, forex, commodities, ETFs, options, indices, and cryptocurrencies. They offer a selection of over 2,000 instruments and have 22 million clients. The parent company is publicly listed on the London Stock Exchange, and Plus500 supports 2,800+ financial instruments in various CFD asset classes.

Plus500 CFD Trading Platform

In 2013, Plus500 pioneered the introduction of a Bitcoin CFD. The broker also provides options CFD trading across numerous markets, enabling speculation on future prices of reference instruments. These options CFDs differ from standard options as they are cash settled.

Plus500 allows funding through wire transfer, Visa/Mastercard, Skrill, and PayPal. A demo account is available. Withdrawals and deposits can be handled in the Funds Management tab, where you provide the necessary details for the transaction.

Plus500 is regulated and licensed to operate by reputed securities authorities wherever necessary. These include the Financial Conduct Authority (FCA) in the UK, Cyprus Securities and Exchange Commission (CySEC), and others. In addition to its market presence, Plus500 Ltd is listed on the Main Market of the London Stock Exchange and is part of the FTSE 250 index.

However, the Plus500 platform targets experienced traders capable of independent market research and analysis. However, its steep learning curve might be challenging for beginners.

A Quick Overview of Plus 500 CFD Broker

CFD assets Offers a wide variety of ETFs, stocks, forex, crypto, indices, commodities, and options
Number of CFD contracts 2,800
Pricing system 0% on all markets
Deposit fee None
EUR/USD spread From 0.8 pips
Cost of trading Amazon stock 0.74% spread
Trading Platforms  The platform works on both web and mobile devices.
Minimum Deposit $100

Plus 500 Pros and Cons 

Pros:
  • The platform is global and highly regulated
  • Does not charge commission and has tight spreads
  • Has leverage trading where users can trade more for less capital
  • Offers advanced free-of-charge analytical trading tools
Cons:
  • The CFD traders do not own actual assets or gain shareholder rights
  • Does not offer corporate or company trading accounts unavailable

5. XM – One of the best-regulated brokers 

Another popular option to consider when searching for the best CFD brokers is XM. XM stands out in various aspects sought by CFD traders, from customer service to competitive spreads on major currency pairs. It maintains an impressive execution record, achieving a 100% execution rate without any re-quotes or rejections. A noteworthy 99.35% of orders are executed within 1 second or less.

XM CFD Broker

Established in 2009, XM has expanded its reach to clients from 196 countries and offers support in 30 languages. Originally focusing solely on forex intermediary services, the company has grown significantly. XM is now a dependable and secure international broker operating in nearly 190 countries worldwide.

XM provides a mobile app for both Android and iOS devices, allowing traders to manage positions, access advanced charts, and use over 90 technical indicators on the go. This best CFD broker offers some of the lowest fees in the industry, provides excellent research and education, and has a beginner-friendly trading app.

The platform offers a demo account for users. Creating a demo account offers the opportunity to explore XM broker services in a simulated environment. The XM demo account provides virtual broker services for trades, complete with a virtual base currency balance of $100,000 for users to practice with.

A Quick Overview of XM CFD Broker

CFD assets Offers a wide variety of stocks, cryptos, ETFs, forex, commodities, and indices
Number of CFD contracts Over 1000+
Pricing system The basic account offers a 0% commission
Deposit fee None
EUR/USD spread 1 pip on a standard account
Cost of trading Amazon stock 5.85 pips
Trading Platforms  Supporting platforms include MT4, MT5, and a proprietary app for iOS and Android
Min Deposit $5

XM Pros and Cons 

Pros:
  • Has a user-friendly platform
  • Offers a good balance of CFD offerings
  • Offers competitive trading fees
  • Robust customer support in more than 30 languages
  • The proprietary trading platform is only available on smartphones
Cons:
  • One of the most expensive options, as crypto CFD, spreads reach as high as 2%
  • Strictly limited to MT4/5 trading platforms

6. AvaTrade – The best CFD broker for copy trading

Established in 2006, AvaTrade has positioned itself as a prominent online broker for Forex and CFD trading. The platform boasts a user base exceeding 300,000, hailing from over 150 nations. This global community engages in excess of two million monthly trades, utilizing a diverse array of over 1,250 financial tools for trading. This best CFD broker supports various platforms, including MT4 and MT5. It also works with ZuluTrade and DupliTrade.

Avatrade CFD Platform

AvaTrade offers an extensive array of learning resources and content from its in-house personnel, its SharpTrader brand, and third-party providers such as Trading Central. The platform offers leverage, where traders can control larger positions with a smaller amount of capital. While leverage can amplify profits, it’s important to note that it also increases the potential for losses.

The broker provides a demo account option, allowing traders to practice their strategies and get familiar with the trading platforms without risking real money. This is particularly helpful for beginners to gain confidence before trading live.

The AvaTradeGO app offers an excellent mobile trading experience. You can access all 1000+ CFD instruments available on AvaTrade through the app. It also includes a helpful tool called AvaProtect, which safeguards traders from losses temporarily. The app has more features like a market trends monitor and a zoom function and it syncs smoothly with AvaTrade’s web trader.

The platform is one of the best CFD brokers of 2024 as it demonstrates inclusivity in its support for a wide range of languages. The broker provides help in the following languages:

  • Arabic
  • Simplified Chinese
  • Traditional Chinese
  • Dutch
  • English
  • Finnish
  • French
  • German
  • Hungarian
  • Italian
  • Indonesian
  • Japanese
  • Mongolian
  • Polish
  • Portuguese
  • Russian
  • Spanish
  • Swedish
  • Thai
  • Malay
  • Korean
  • Turkish

A Quick Overview Of AvaTrade CFD Broker

CFD assets Offers a variety of crypto, stocks, ETFs, forex, commodities, bonds, options and indices
Number of CFD contracts 1,000+
Pricing system Has 0% commission on all markets
Deposit fee None
EUR/USD spread From 0.9 pips
Cost of trading Amazon stock 0.14% spread
Trading Platforms  Supports, WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, DupliTrade and ZuluTrade
Min Deposit $100

AvaTrade Pros and Cons 

Pros:
  • Offers rich educational resources, tools, and content
  • Has a comprehensive and easy-to-use website
  • Registration and account opening is fast and seamless
  • Has free withdrawal and deposit options
Cons:
  • Has average Forex fees
  • Charges relatively high inactivity fees

7. XTB – One of the best proprietary CFD trading platforms

Next on our list of best CFD brokers of 2024 is XTB. It is a popular trading platform that supports thousands of global markets. This covers a wide range, spanning stocks, forex, commodities, indices, and cryptocurrencies.

With more than 15 years of experience, XTB stands out as one of the largest brokers in the world. The company is regulated by the world’s most prominent supervision authorities like IFSC, FCA, KNF, and CySEC. XTB provides access to two live accounts featuring competitive trading conditions. These encompass tight spreads, high leverage, and the absence of any mandatory minimum deposit requirements.

XTB Broker

XTB provides leverage for the markets it supports, but the amount of leverage can vary based on the trader’s location. Traders from the EU and Australia have a maximum leverage limit of 1:30, similar to the approach taken by eToro.

This leading CFD broker offers multiple methods for depositing funds. These include bank transfers, credit cards like Mastercard, Maestro, and Visa, and various e-Wallets like Skrill, Paysafe, Neteller, and others. However, it’s important to note that certain methods might involve extra fees. When using Neteller, traders are required to pay 1% of the deposited amount as a charge.

The platform presents a Trading Academy program for traders to enrich their understanding. It encompasses an array of resources like video tutorials, trading courses, and articles, all geared toward helping traders. This program enables traders to choose from different educational levels, supporting their skill development as they progress in their trading journey.

A Quick Overview of XTB CFD Broker

CFD assets Offers a wide variety of indices, stocks, ETFs, forex, commodities, and crypto
Number of CFD contracts 2,100+
Pricing system Has 0% commission on all markets
Deposit fee
  • Charges $0 on debit/credit cards
  • 2% on Skrill
EUR/USD spread From 0.1 pip
Cost of trading Amazon stock $0.5 spread
Trading Platforms  Supported on xStation for mobile, desktop, and web browsers
Minimum Deposit No minimum deposit requirement

XTB Pros and Cons 

Pros:
  • Offers a highly advanced training suit packed with efficient analysis tools
  • The FD spreads starts from 0.1 pips
  • Provides 0% commission on all the supported markets
  • The best high-leverage brokers
Cons:
  • Lacks support for MT4 or MT5
  • Since only CFDs are available, traders do not own any underlying asset
  • Does not provide access for US clients

8. Pepperstone – One of the most prominent CFD brokers with competitive FX spreads

Established in 2010 in Melbourne, Australia, Pepperstone was born out of the dissatisfaction experienced by professional traders with the services offered by other brokers. Its founders made a conscious choice to steer clear of the downsides seen in the competition, such as high commissions and order execution delays. They also concentrated on enhancing the technical aspect.

Pepperstone Broker

The company’s mission was to revolutionize online trading. The goal was to change the “rules of the game” and set the bar high for online trading. Today, Pepperstone is one of the best CFD brokers of 2024, with clients all over the world.

Pepperstone. a leading trading platforms in Australia, grants access to a wide array of 1,200+ CFD instruments. This includes various forex pairs, commodities, cryptocurrencies, indices, stocks, and ETFs. The broker’s customer support operates 24/7, making it the best CFD broker among traders.

The platform serves a diverse audience through offerings like copy trading and an extensive research section, ensuring value for all. Its remarkably tight spreads make it a prime option for high-volume traders.

Pepperstone is under the regulation of the Financial Conduct Authority (FCA #684312), a leading regulatory body in the U.K. Known for its strict regulatory compliances, the FCA is globally respected for upholding fairness in market practices for both individuals and businesses.

The CFD broker stands out with its efficient and simplified trading platform, cTrader. This is accessible via download or web interface. It’s stable and can be easily accessed through browsers like Chrome, Firefox, Safari, or Internet Explorer. This platform boasts a modern appearance, enables one-click trading, and ensures seamless integration across desktop and mobile versions. These features collectively elevate the trading experience for traders of all kinds.

A Quick Overview of Pepperstone CFD Broker 

CFD assets Offers a variety of commodities, stocks, ETFs, forex, crypto, and indices
Number of CFD contracts 1200+
Pricing system
  • Charges a $3.50 commission per lot on razor account
  • 0% commission on standard account
Deposit fee None
EUR/USD spread
  • From 0.0 pips on the razor account
  • 0.6 pips on a standard account
Cost of trading Amazon stock $0.02 per share
Trading Platforms  Supported on MT4, MT5, cTrader and TradingView
Min Deposit No

Pepperstone Pros and Cons 

Pros:
  • Offers a highly attractive trading platform
  • Has a relatively faster order execution of 30 ms on average
  • Boasts almost 1200+ trading instruments
  • Has a relatively low fee and 0 inactivity fees
Cons:
  • Does not offer robust customer support
  • Hardly few opportunities for passive trading
  • Does not have a news section

9. IG – World’s largest CFD broker by revenue

IG is a trusted and regulated brokerage that originated in 1974. It has gained authorization to provide CFD trading accounts across 100+ countries, attracting over 239,000 active platform users. IG offers an extensive range of over 18,000 financial markets, showcasing its vast market coverage. It offers access to forex, stocks, indices, futures, options, and cryptocurrencies. Trading forex incurs no commissions, and the spreads start at 0.6 pips for the EUR/USD pair.

IG Best CFD Broker

Traders can opt for ProRealTime, a trading platform, one of the finest platforms for dedicated traders. IG is also compatible with MT4. The platform offers a deposit-free demo account option. The IG Markets US has a $10,000 demo account, and there does not have a time limit. Supported payment methods include debit/credit cards and bank transfers.

IG is one of the best CFD brokers of 2024, as CFD markets at IG can be traded commission-free compared to stocks. Trading US stocks costs $0.02 per share. For the UK and European stock exchanges, the commission is 0.10%. Starting at 0.6 pips, forex spreads on EUR/USD are available. 

A downside of IG is the initial deposit requirement of $250. The IG Academy provides organized courses for beginners, intermediates, and advanced traders, along with daily classroom-style lessons. IG Markets’ team of finance professionals regularly updates market analysis for all CFD assets.

IG stands out as the best CFD brokers of 2024, providing traders with optimal prices and narrow spreads through deep liquidity and advanced dealing choices. Their dedication lies in delivering excellent execution, transparent policies, and an automated approach that prioritizes client interests.

The broker employs symmetrical tolerance, ensuring you receive your preferred price (or better) on the limit and at-quote orders. Positive slippage is shared, and they offer guaranteed stops to prevent negative slippage.

A Quick Overview of IG CFD Broker Platform 

CFD assets Offers a variety of futures, interest rates, Stocks, ETFs, forex, commodities, crypto, indices, options, and bonds.
Number of CFD contracts 18,000+
Pricing system
  • 0% commission on all CFD markets
  • Charge commission for stocks
Deposit fee Charges:

  • 1% on Visa
  • 0.5% on MasterCard
EUR/USD spread From 0.6 pips
Cost of trading Amazon stock $0.02 per share
Trading Platforms  Supported on the native platform for web and mobile trading and MT4
Minimum Deposit $250

IG Pros and Cons 

Pros:
  • The best CFD choice for trading forex
  • Offers more than 80 currency pairs
  • Offers spreads that starts at 0.6 pips with zero commissions
  • Requires a minimum deposit of $250
Cons:
  • There are no traditional stocks or ETFs available for US traders
  • Does not offer any products for passive investment
  • Does not provide a bonus system

10. Trade Nation –  The best CFD broker of 2024 with a global reach

Trade Nation, originally known as Core Spreads, has earned a solid reputation as a trading platform since its launch in 2014. The company simplifies financial market access by eliminating complex terminology and offering ongoing customer support during trading. There are no concealed fees or extra deposit charges when using Trade Nation for trading.

Trade Nation CFD Broker

Trade Nation offers several user-friendly features, CFD options, and trading signals to traders. Platforms like Trade Nation UK, a proprietary platform, grant easy access to the financial markets using a trading name. Traders Nation is one of the best CFD brokers of 2024 as it helps traders in prioritizing the most crucial aspects, maximizing their potential.

Trade Nation caters to both part-time and professional traders seeking to minimize trading costs and access effective tools for crafting successful strategies. Its user-friendly interface and extensive toolset make it suitable for traders aiming to enhance their market knowledge and make informed decisions.

Account opening is fully digital, without a minimum deposit, and offers free withdrawals. Traders gain access to excellent research and educational tools, while customer support is highly rated. The MT4 trading account provides access to various technical and fundamental indicators, aiding the trading process. Spot trading is available through the proprietary trading account called TN Trader.

This leading CFD broker of 2024 is regulated by top-notch authorities from various countries.

Some of them include the Australian Security and Investment Commission (ASIC), the Financial Conduct Authority (FCA), the Security Commission of the Bahamas (SCB), and the Financial Sector Conduct Authority (FSCA).

A Quick Overview of Trade Nation CFD Broker Platform 

CFD assets Offers a variety of indices, stocks, forex, and commodities
Number of CFD contracts 1,000 +
Pricing system Has fixed spreads on all assets
Deposit fee None
EUR/USD spread From 0.4 pips
Cost of trading Amazon stock Starts from 0.4 pips
Trading Platforms  Supported on:

  • TN Trader (Proprietary trading platform)
  • MT4
  • Mobile App
Minimum Deposit $1

Trade Nation Pros and Cons 

Pros:
  • Has fixed spreads that starts low and stays the same
  • Provide access to over 1000+ global markets from a single account
  • Offer leverage for bigger trades with minimal deposit
  • Robust customer support
Cons:
  • Leveraged trading can lead to bigger losses
  • Not accessible for U.S traders
  • No live chat option
  • The legal protection with an offshore entity is less

11. CMC Markets – Recognised as a pioneer in CFD trading

MC Markets stockbroking is a renowned and established broker recognized for its competitive CFD trading and spread betting offerings. The broker is regulated in the UK and holds a listing on the prestigious London Stock Exchange.

Stock and ETF trading fees start at 0.10% or $0.02 per share. Commission-free trading applies to all other markets, including 330+ forex pairs, 80 indices, 21 crypto assets, 50 treasuries, and 100 commodities. EUR/USD and S&P 500 spreads start at 0.7 pips and 0.3 points, respectively.

CMC Markets

No initial deposit is needed to begin trading with CMC Markets. The broker provides its proprietary trading platform for web browsers, tablets, and iOS/Android smartphones. For more experienced traders, there’s also the option to use MT4, a platform supported by CMC Markets.

CMC Markets is structured into three tiers: active investor, classic, and premium services. The broker provides a wide range of assets and offers diversified portfolios with low trading costs. Whether a trader is experienced, new, or an institutional client, CMC Markets offers a comprehensive range of services to cater to various trading needs.

It stands out as one of the best CFD brokers of 2024, boasting an award-winning, proprietary platform called a Next-generation platform and an industry-leading Metatrader 4 trading platform.

CMC Markets provides educational resources suitable for traders at all skill levels, from beginners to advanced. These valuable research and educational materials are accessible via both the website and the Next Generation platform.

A Quick Overview of CMC Markets CFD Broker Platform 

CFD assets Offers a variety of treasuries, commodities, cryptos, stocks, ETFs, and forex.
Number of CFD contracts 12,000+
Pricing system 0% on all markets

Charges applicable for stocks and ETFs

Deposit fee None
EUR/USD spread From 0.7 pips
Cost of trading Amazon stock $0.02 per share
Trading Platforms  Supported on:

  • The Native NGEN platform for web and mobile trading
  • MT4
Minimum Deposit Does not require any minimum deposit 

CMC Markets Pros and Cons 

Pros:
  • Offers a wide range of tradable assets
  • The platform supports MetaTrader 4 (MT4)
  • Offers excellent education and research resources
  • The MetaTrader 4 is only available for desktop
  • Does not accept U.S. clients
Cons:
  • Only CFD trading is available
  • No social trading options available
  • Spread betting is only for UK residents

Top CFD Brokers In 2024 Compared 

Each online trading platform offers distinct features and advantages. The fee structure and prices also change depending on the platform you choose. To help you out, we have summarized the comparison of the 11 best CFD brokers of 2024 below. 

CFD Brokers Total CFDs CFD Assets Deposit Fee Pricing System Min. Deposit (From) Trading Platforms EUR/USD Spread (From) Cost to Trade Amazon Stock
Vantage  N/A Share CFDs and Cryptocurrencies 0 0% commissions on U.S share CFDs

Low spread and commission on others

$50 0.0 – 0.2 pips 0.1 pips
Skilling 900+ Stocks, forex, commodities, cryptocurrencies, indices Debit/credit cards are free

 e-wallets range from 0-2.9%

0% on standard accounts €100 0.7 pips 0.53 spread
Plus 500 2,800+ Stocks, ETFs, forex, commodities, cryptocurrencies, indices, options 0 0% commission on all markets $100 0.8 pips 0.74% spread
eToro 3000+ Stocks, ETFs, forex, commodities, cryptocurrencies, indices $0 on USD payments. 

0.5% on other currencies.

0% commission on stocks and ETFs. 

1% on crypto. 

Spread-only on CFD markets.

$10 1 pip $0.15 spread
XM 1000+ Stocks, ETFs, forex, commodities, cryptocurrencies, indices 0 From 0% commission $5 1 pip on standard account $5.85 pips spread
AvaTrade 1000+ Stocks, ETFs, forex, commodities, cryptocurrencies , indices, bonds, options 0 0% commission on all markets $100 0.9 pips 0.14% spread
Pepperstone 1200+ Stocks, ETFs, forex, commodities, crypto, indices 0 $3.50 commission per lot on razor account

0% commission on standard account

0 From 0.0 pips on razor account, 0.6 pips on standard account $0.02 per share
XTB 2,100+ Stocks, ETFs, forex, commodities, cryptocurrencies , indices $0 on debit/credit cards

2% on Skrill

0% commission on all markets 0 0.1 pip $0.50 spread
IG 18,000 Stocks, ETFs, forex, commodities, crypto, indices, options, futures, bonds, interest rates 1% on Visa

0.5% on MasterCard

0% commission on all CFD markets other than stocks $250 0.6 pips $0.02 per share
Trade Nation 1000+ Stocks, commodities, forex pairs, indices 0 Fixed spreads $1 0.4 pips 0.4 pips
CMC Markets  12,000+ Stocks, ETFs, forex, commodities, cryptocurrencies, indices, treasuries, 0 0% on all markets apart from stocks and ETFs $100 0.8 pips 0.74% spread

How To Choose The Best CFD Brokers 

In a market filled with a variety of online trading platforms, selecting the one best CFD brokers that matches your trading requirements can seem overwhelming. It’s crucial to weigh different factors that resonate with your trading style and objectives.

Each platform offers distinct features and advantages. Some prioritize user-friendly interfaces and diverse asset options, while others excel in advanced trading tools and analytical resources. We have put together a list of the most important factors to consider when choosing a CFD trading platform:

Fees Structure 

Before diving into CFD trading, it’s wise to conduct research on the commissions and fees imposed by CFD brokers. Opting for a broker with competitive and transparent pricing is a recommended approach. There are several other fees to consider other than platform fees when looking for the best CFD trading platforms.

Types of Fees

  • Deposit and Withdrawal Fees: For depositing and/or withdrawing funds, there could be fees involved. These charges are typically a percentage of the transaction size.
  • Short-Selling Dividend Stocks: When engaging in short-selling of stock CFDs that offer dividends, the platform might deduct the dividend payment from your account. Those taking a long position on the stock CFD will receive dividends.
  • FX Fees: Certain CFD trading platforms impose an FX fee when you trade an asset with a currency different from your account’s currency. FX fees can also apply during the deposit process.
  • Inactivity Fees: Even the top CFD trading platforms online may have inactivity fees. For instance, if your account is considered dormant after 12 months of no activity, you might face a monthly fee. However, if your balance is zero, no fees will be charged.

Comparison Of CFD Brokers Fees Structure 

Here’s a quick glimpse at the fee structure and prices of the 11 best CFD brokers of 2024. 

CFD Brokers Pricing System/Commissions Account Fees EUR/USD Spread (From) Cost to Trade Amazon Stock
Vantage
  • 0% commissions on US share CFDs
  • Low spread and commission on others
None 0.0-0.2 pips 0.1 as starting spread
Skilling 0% on standard accounts  None 0.7 pips $0.53 spread
Plus500 0% commissions across markets  Charges inactivity fee of $10 0.8 pips 0.74% spread
eToro
  • 0% commissions on stocks and ETFs
  • Spread-only on CFD markets 
  • 1% on crypto
  • Non-USD deposits – 0.5%
  • Charges inactivity fees of $10
  • Charges $5 as withdrawal fees 
1 pip $0.15 spread
XM Starts from 0% commission  None Standar account – 1 pip 5.85 pips spread
AvaTrade 0% commissions across markets  Charges inactivity fee of $50 0.9 pips 0.14% spread
Pepperstone
  • Razor account – $3.50 commission per lot
  • 0% commission on standard account
None
  • Razor account – From 0.0
  • Standard account – 0.6 pips 
$0.002 per share
XTB 0% commission across markets  Charges an inactivity fee of $10 0.1 pip $0.50 spread
IG
  • 0% commission across 

CFD markets

  • Varies for stocks  
Charges:

  • 1% on Visa
  • $18 as inactivity fees
  • 0.5% on MasterCard
0.6 pips $0.02 per share
Trade Nation Has fixed spreads None 0.4 pips 0.4 pips
CMC markets 
  • 0% across markets 
  • Varies for ETFs and stocks 
Charges inactivity fees of $10 0.7 pips $0.02 per share

Regulation

Regulation provides security for your funds, safeguarding them against internal company fraud or bankruptcy. It’s crucial to confirm that the broker you’re interested in is regulated by the relevant regulatory agency for that specific location. In the U.K., the regulatory agency is the FCA, and in Australia, it’s the ASIC.

Easy-to-Use Platform/Interface

Choose a trading platform that provides user-friendly trading software, rapid execution, effective trading tools, and a proficient order management system. An unintuitive user interface and challenging navigation could lead to missed profit opportunities. The platform must prioritize security and offer the versatility to place various order types.

An easy-to-use platform or interface for CFD brokers refers to a trading system that has been designed with simplicity and user-friendliness in mind. It’s a trading platform that provides an intuitive and straightforward experience for traders, regardless of their level of expertise. Such a platform typically offers clear navigation, organized tools, and a clean layout, allowing traders to quickly understand how to execute trades, access market data, and manage their positions

CFD Markets Supported

CFD brokers frequently vary greatly in terms of the number and variety of supported markets. It’s vital to confirm the extent of markets and tradable instruments offered by your chosen broker for CFD trading. While trading preferences and strategies differ, an ideal broker should grant access to a diverse array of assets and asset classes.

Common CFD markets that are commonly supported include

  • Forex: Engaging in the trading of currency pairs like EUR/USD or GBP/JPY, aiming to anticipate shifts in exchange rates.
  • Stocks: Participating in the trade of shares from publicly listed corporations, enabling traders to benefit from price fluctuations without direct ownership of stocks.
  • Commodities: Speculating on the price changes of commodities such as gold, oil, or agricultural items.
  • Indices: Trading activities tied to stock market index performance, like the S&P 500 or FTSE 100.
  • Cryptocurrencies: Engaging in speculation regarding the value movements of digital currencies like Bitcoin, Ethereum, and others.
  • Bonds: Trading contracts linked to the price shifts of government or corporate bonds.
  • ETFs (Exchange-Traded Funds): Speculating on the performance of collections of assets mirroring specific indices or sectors.
  • Options: Anticipating price fluctuations in options contracts connected to different underlying assets.
  • Futures: Trading futures contracts entailing agreements to buy or sell assets at pre-established prices on designated dates.
  • Interest Rates: Engaging in speculation about the trajectory of interest rates, with potential implications for various financial instruments.

Availability of Educational Resources

To start as a CFD trader, find a broker with beginner-friendly educational resources. The best CFD brokers create high-quality videos, articles, and webinars with their own teams. These resources can include tutorials, webinars, articles, videos, and other learning materials that aim to provide traders with a better understanding of CFDs, trading strategies, technical analysis, risk management, and more.

An online broker that offers comprehensive and easily accessible educational resources demonstrates a commitment to helping traders make informed decisions and improve their trading skills. These resources can empower traders to navigate the complexities of the financial markets with greater confidence and competence.

Overnight Financing

Most of the CFD trading platforms come with the benefit of low commissions and spreads. But there is a catch, overnight financing. These are fees charged by CFD trading platforms for each day the trader keeps the position open. Some platforms implement this charge at certain times of the day. This is similar to a daily interest charge that you have to pay to access your preferred markets 

The amount paid is determined as an annual interest rate, calculated against your exposure. The best CFD brokers would be transparent in terms of these prices before you place your trade. Platforms like eToro display the daily fee in dollars and cents.

Compatible Mobile App

eToro Wallet

All the top CFD trading platforms mentioned provide a complete mobile app. Even if you don’t plan to trade using a mobile app, having access is essential. This would help traders to access, change, or trade on the go if necessary. 

The best CFD trading apps offer a seamless user experience tailored to your operating system. They also grant access to the same account features as the main desktop platform. This includes depositing/withdrawing funds, checking portfolio value, trading, researching, and more.

Offers A Demo Account

Demo Account 

For beginners entering the world of CFD trading, a demo account is a crucial necessity. It serves as a safe playground where traders can practice their strategies, test their skills, and become acquainted with the platform’s features without the risks associated with real-money trading. 

It allows beginners to grasp the technical aspects of the trading platform, become familiar with order types, and learn how to manage risk through stop-loss and take-profit mechanisms. 

Payment Methods 

Deposit funds on eToro

The simplest method to deposit funds into a CFD brokerage account is through a debit/credit card or e-wallet, as these options offer instant processing. However, certain CFD platforms exclusively support traditional bank wires, which can take 1-7 working days to be received.

Security Measures

When considering a CFD trading platform, the security measures in place should be non-negotiable. Regardless of the platform’s features or fees, ensuring the safety of your funds and sensitive information is paramount.

The initial aspect to examine is their login procedure. The layers of security, measures, and authentications they offer. It is wise to understand their approach to safeguarding your personal data. Your chosen CFD trading platform will probably require sensitive details such as your full name, bank information, identity document, passport, and possibly your social security number.

Robust Customer Service 

Trading could be overwhelming for novice traders and would need an extra pair of helping hands.  An effective CFD trading platform provides multiple communication channels for accessing their support team. Moreover, they offer support representatives who can converse in your language. When selecting an optimal CFD broker, prioritize those that offer real-time customer support through live chat.

Conclusion – Best CFD Brokers of 2024

Exploring a CFD trading platform opens doors to enhanced trading experiences. Given the inherent risks of CFD trading, your selection of the finest CFD broker serves as a pivotal market intermediary. 

The chosen broker will provide you with the necessary services and trading tools, empowering your journey to thrive in the world of CFD trading. Exceptional customer service, swift transaction processing, robust security measures, and transparent practices are key features of the best CFD brokers. Most of the brokers we reviewed above align with these criteria.

Beyond trading complexities and risk factors, CFD trading can be easier, fun, and highly rewarding. By employing the established criteria outlined above, you can uncover a CFD trading platform that caters to your preferences and trading requirements. These 11 best CFD brokers of 2024 offer various features that can make your trading journey profitable. 

As you proceed, remember to conduct thorough research, jot down essential notes, and engage with a secure, novice-friendly platform.

Author Checked Reviewed and Fact Checked by Wajeeh Khan, Fintech, Blockchain Writer and Investment Analyst.

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FAQs About the Best CFD Brokers

What is a CFD?

A contract for difference or CFD represents a derivative instrument available from non-U.S. brokers. It facilitates leveraged trading in financial assets without necessitating ownership of the underlying asset. Notably, CFDs offer tax benefits compared to owning the asset and provide leverage advantages surpassing margin trading.

Numerous forex brokers provide an extensive selection of CFDs, and the majority continue expanding their offerings. Platforms like Capital.com, boast an extensive array of CFD choices, numbering in the thousands, for traders to explore.

Choosing the best CFD trading platform depends on your location and your broker’s rules. It depends on factors like available assets, ease of use, platform features, fees, customer support, and regulatory compliance. Evaluate these aspects based on your trading goals, experience level, and preferences to make an informed decision that aligns with your needs.

Some platforms provide unique features like social trading, automated trading, or advanced analytics. Assess if these features align with your trading preferences.

eToro stands out as one of the most cost-effective CFD brokers in the market. With no deposit or withdrawal fees and the ability to trade all supported markets at 0% commission, it offers affordability. Our analysis also reveals that, in many instances, eToro maintains highly competitive spreads.

Discover resources for learning more about CFD trading, such as educational materials, webinars, and tutorials provided by CFD brokers.

Learn about risk management strategies and precautions to take while trading CFDs to protect your capital and minimize potential losses.

CFDs carry inherent risks attributed to limited industry regulation, possible liquidity challenges, and the necessity to maintain sufficient margin levels to counterbalance potential losses resulting from leverage.

CFD trading has gained popularity due to its accessibility with low initial investment requirements, the ability to profit from both rising and falling markets by going long or short and the option for leveraged trading, which allows traders to control larger positions with a smaller amount of capital.