CFD Brokers – Find The Best CFD Broker And Platform In 2020

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Contents

Top 10 CFD Brokers for 2020 – Best CFD Trading Accounts

The CFD (Contract-for-Difference) space has heated up in recent years, with both casual and more experienced traders now able to speculate on a range of financial products without needing to actually own or store the underlying asset itself.

As such, this makes CFDs ideal for those that want to make seamless investments in a safe, secure and user-friendly eco-system, without the burdens of having to utilize the services of an offline broker.

However, with hundreds of leading CFD brokerage platforms now operating in the market, how do you know which one is best suited for your individual needs? In our comprehensive CFD Brokers guide, we’ll point you in the direction of the very best CFD platforms for 2020 and beyond.

Find in This Article

Best UK CFD brokers

If you’re based in the UK and looking for the best CFD brokers, we would suggest taking a closer look at some of the following platforms.

Ever since the CFD market became available to retail investors the paradigm of trading changed forever. In between thousands of brokers that have emerged over the years, there are some that simply shine between the coals. CryptoRocket is a fully dedicated CFD platform that has become incredibly popular in Europe and Australia.

Even though it started as a cryptocurrency dedicated firm, it has drifted and diversified into other markets. Today the firm offers a broad range of markets like FX, Stocks, Commodities, and of course, cryptocurrency.

If you are interested in trading CFDs, we recommend taking your time to fully review CryptoRocket as a strong option and alternative to traditional brokers. Since the firm does not have its business located in Europe, it does not have to follow rules in terms of leverage and other retail restrictions, allowing traders to operate with much more freedom than with an European broker.

Pros:

    High Leverage – 1:500 No transaction and deposit fees MT4 and WebTrader available Professional and valid customer support services Highly secure trading platform

Cons:

    Limited Deposit Methods Less regulated than other brokers

Launched backed in 2020, Markets.com are an ideal CFD platform if you are still relatively new to online trading. Not only is the Markets.com platform highly favorable to beginners, but traders also have access to a full suite of educational tools. In terms of regulation, Markets.com are licensed by CySEC in Cyprus, ASIC in Australia and the FCSA in South Africa.

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CFDs can be traded in a full range of asset classes. This includes commodities (hard metals and energy), currencies, bonds, ETFs, indices and of course, traditional blue-chip stocks.

Pros:

    Ex cellent trading platform for beginners Full suite of education tools CFDs available in all major asset classes No commission fees for trading – everything included within the spread Good selection of payment methods supported Leverage available No withdrawal fees

Cons:

    Guaranteed stop losses not available with CFDs Spreads on certain CFD products are less competitive

Plus500 are one of the largest and most well-established players in the CFD brokerage space. In fact, the entity are listed on the London Stock Exchange, and the CFD platform is fully regulated by the UK’s FCA. Plus500 have the capacity to facilitate a plethora of CFD products, including but not limited to ETFs, stock indices, currency pairings, shares and even cryptocurrencies.

Trading fees, alongside average PIPs, are ultra-low, which is great for high-frequency traders. On the other hand, a slight drawback with the Plus500 platform is that leverage financing costs are on the high side. If leverage isn’t your thing anyway, then this shouldn’t be an issue. When it comes to user-friendliness, the Plus500 trading website is easy to navigate through on both their online and mobile platforms.

Pros:

    One of the most established CFD brokers in the space – listed on the London Stock Exchange Low trading fees and tight spreads Excellent selection of asset classes listed Regulated by the UK’s FCA Platform layout and design ideal for newbies

Cons:

    Lack of fundamental news analysis Leverage financing fees expensive

80.6% of retail CFD accounts lose money

Best CFD brokers for U.S customers

Due to regulatory uncertainties, access to online CFDs platforms for those based in the U.S. is somewhat limited. However, there are still a good number of well-regarded platforms that allow U.S. citizens to deposit, trade and withdraw funds with ease.

Established back in 1995, VarengoldBank FX are a German-based brokerage firm that among many other financial instruments, facilitate CFD trading. Regulated by BaFin in Germany, U.S. citizens are eligible to join. In terms of the CFD products available at VarenGold, this mainly centres on currencies, commodities and indices.

Pros:

    Regulated by the BaFin in Germany Open to U.S. citizens Established back in 1995 Utilizes Meta Trading 4, which is ideal for first timers Deposit funds via credit/debit cards, PayPal or bank wire

Cons:

    Minimum deposit of $2,500 Limited number of CFD products

An additional well-established CFD broker that is also U.S. friendly is that of OANDA. Launched in 1997, the platform is home a good selection of educational materials, customer support is highly rated and payment channels includes PayPal. The OANDA brokerage platform is ideal for those that like to trade currency-based CFDs, as more than 72 currency pairs are listed.

Pros:

    Platform in operation since 1997 U.S. citizen-friendly More than 72 CFD currency pairings to trade Other CFD products include margin rates, commodities, bonds and indices Authorized and regulated with authorities in the U.S., Canada, Europe, Asia-Pacific, Australia and Japan

Cons:

    Less CFD products in comparison to other leading brokerage platforms.

Launched in 2007, Zulutrade are an online CFD platform that specialize in both social and copy trading features. This subsequently allows non-experienced users to copy the trades of seasoned traders, all within one easy-to-access ecosystem. The useful thing about Zulutrade for those based in the U.S. is that they have integrated their platform with other leading brokerage firms. As such, Zulutrade will ensure that you only place trades with platforms that allow U.S. citizens.

Pros:

    Platform in operation since 1997 Strong focus on social and copy trading – ideal for inexperienced traders Directs U.S. citizens to brokers that allow U.S. traders Zero commissions – fees are represented in the spread Vast majority of major CFD asset classes are supported

Cons:

    Has a reputation for hosting too many unprofitable copy traders.

Best CFD brokers for Australia & New Zealand

If you’re based in either Australia or New Zealand, then we would suggest taking a closer look at Plus500. Not only do Plus500 have ultra-low pips and competitive fees, but the platform is authorized to accept residents from both Australia and New Zealand.

Ever since the CFD market became available to retail investors the paradigm of trading changed forever. In between thousands of brokers that have emerged over the years, there are some that simply shine between the coals. CryptoRocket is a fully dedicated CFD platform that has become incredibly popular in Europe and Australia.

Even though it started as a cryptocurrency dedicated firm, it has drifted and diversified into other markets. Today the firm offers a broad range of markets like FX, Stocks, Commodities, and of course, cryptocurrency.

If you are interested in trading CFDs, we recommend taking your time to fully review CryptoRocket as a strong option and alternative to traditional brokers. Since the firm does not have its business located in Europe, it does not have to follow rules in terms of leverage and other retail restrictions, allowing traders to operate with much more freedom than with an European broker.

Pros:

    High Leverage – 1:500 No transaction and deposit fees MT4 and WebTrader available Professional and valid customer support services Highly secure trading platform

Cons:

    Not Available in the US Less regulated than other brokers

Pros:

    Highly established – even listed on the London Stock Exchange Huge selection of CFD asset classes Heavily regulated Super low spreads

Best CFD websites for experienced traders

If you are an experienced CFD traders looking to utilize a range of high frequency methods, then the likes of Vantage FX is potentially best suited for your needs. Through the use of an electronic communications network (ECN) and straight through processing (STP), traders not only have their trades executed in an ultra-fast manner, but direct market access is also available.

Pros:

    Suited for highly experienced CFD traders Both ECN and STP supported High leverage levels available Ultra-fast execution times

Cheap CFD brokers

Ever since the CFD market became available to retail investors the paradigm of trading changed forever. In between thousands of brokers that have emerged over the years, there are some that simply shine between the coals. CryptoRocket is a fully dedicated CFD platform that has become incredibly popular in Europe and Australia.

Even though it started as a cryptocurrency dedicated firm, it has drifted and diversified into other markets. Today the firm offers a broad range of markets like FX, Stocks, Commodities, and of course, cryptocurrency.

If you are interested in trading CFDs, we recommend taking your time to fully review CryptoRocket as a strong option and alternative to traditional brokers. Since the firm does not have its business located in Europe, it does not have to follow rules in terms of leverage and other retail restrictions, allowing traders to operate with much more freedom than with an European broker.

Pros:

    High Leverage – 1:500 No transaction and deposit fees MT4 and WebTrader available Professional and valid customer support services Highly secure trading platform

Cons:

    Not Available in the US Less regulated than other brokers

If keeping trading fees to an absolute minimum is your main priority, then we would recommend heading over to Plus500. This highly established and heavily regulated CFD broker has some of the lowest fees in the industry. Not only are CFD trades commission-free, but major asset classes have significantly low spreads.

Pros:

    Zero commission trades Ultra-tight spreads Overnight holding fees competitive

What is a CFD?

A Contract-for-Difference, or simply a CFD, is a financial product that allows investors to speculate on an asset without needing to own or store it. This is especially useful for those that want to invest in hard assets such as Gold, Silver or Uranium, as there is no requirement to actually hold the asset in question.

However, the potentialities of CFDs does not stop at just hard assets. You can invest in virtually all of the same asset classes that you would expect to find on major exchanges. This includes the trading of currencies, commodities, indices, ETFs, interest rates, options, futures and even cryptocurrencies such as Bitcoin.

How does a CFD broker work?

In its most basic form, a CFD broker is a third party platform that facilitates the trading of CFD instruments. Essentially, the CFD broker will enable you to deposit funds, trade and subsequently withdraw your money back out.

Each CFD broker has their own pros and cons, which ranges from fees, user-friendliness, regulatory status, accepted countries, number of asset classes and more.

What difference is there between trading CFDs and buying assets outright?

The fundamental factor that separates CFDs from that of traditional assets is that you do not actually own the underlying asset. For example, when purchasing blue-chip stocks through a conventional broker, you essentially own equity in the company in question. This gives you certain perks, such as the ability to receive company dividends, or the right to vote.

On the other hand, as CFDs merely represent the performance of the underlying asset, there is no ownership and thus, perks that you would otherwise receive by owning the asset are not present.

An additional benefit to investing in CFDs over traditional equity is that you not only have the option of going long, but also short. This means that you can speculate on the asset losing value on the open marketplace, as opposed to making gains.

What kind of CFD brokers are there?

In the vast majority of cases, leading online CFD brokers will utilize the Metatrader 5 (MT5) trading platform. Unlike its MT4 counterpart, the MT5 platform is highly suited for facilitating a range of CFD-backed financial markets.

An alternative trading platform that some leading CFD brokers utilize is that of cTrader. Launched in 2020, some commentators argue that cTrader is best suited for first time traders, not least because it commonly facilitates copy trading features.

What type of CFD trading accounts are there?

While each CFD broker will have their own underlying account types to choose from, in the majority of cases this will consist of either a ‘retail client’ or ‘professional/institutional client’.

Regarding the former, this is essentially best suited for casual traders that like to trade on a part-time basis. Once again, although this will differ from broker-to-broker, retail CFD clients will usually be restricted to ultra-low leverage levels, as well as having negative balance protection safeguards automatically installed.

On the other hand, and as the name suggests, professional/institutional client accounts are suited for highly experienced traders.

By falling in to this investor bracket, you’ll like have the option of obtaining high leverage levels, as well as having the capacity to go into negative balance.

One of the key drawbacks to a professional trading account is that you might not be accustomed to investor compensation schemes that are available in certain countries, such as the UK .

Tips to choosing a CFD broker

In order to assist you in your search for a CFD broker that best suits your individual needs, check out the following 10 tips.

First and foremost, it is crucial that you check what regulatory licenses the CFD broker holds. In most cases, brokers will be authorized to offer their CFD products by regulators in multiple jurisdictions. If the broker is not licensed by a single notable body, then you need to look elsewhere.

You need to spend some time assessing how much you are going to be charged to use the CFD broker. Fees can be somewhat tricky, not least because they cover a range of different factors. In most cases, this will include commission, leverage costs, trading fees and the cost of holding assets over night.

It is also a good idea to conduct some independent research on how well received the CFD broker is by the online community. This can include reviews that are available in the public domain. It is also worth ascertaining when the CFD broker was launched, as those with a longer trading history generally have a better reputation.

While leverage isn’t important to some traders, others view it as a highly important trading mechanism. The amount of leverage you are able to obtain from a CFD broker will depend on a number of factors, however this commonly centres on your geographical location, and whether you are a retail or institutional investor.

If you are a CFD trading beginner and like the sound of social or copy trading features, then spend some time finding out how the CFD broker facilitates this. You need to ensure that the platform is fully transparent on how it generates its performance statistics, insofar that you want to ensure you are actually backing a successful long-term trader, rather than somebody that has experienced a couple of lucky months.

Often overlooked, always spend some time understanding what payment methods the CFD broker supports. You don’t want to go through the rigmarole of opening an account, only to find that your preferred payment channel is not available. Moreover, you should also check what the minimum and maximum deposit amounts are.

  • Educational guides and market information

It gripes us when CFD brokers do not offer their users a comprehensive avenue to research market fundamentals. If possible, choose a broker that has a good offering of key market analysis. If you are a beginner, it’s also worth checking whether the CFD broker offers any useful educational materials.

The spread is the difference between the CFD buying price, against that of the current selling price. In a nutshell, if the spread is high, it generally means that liquidity levels are low, and volatility is high. As such, always choose a CFD broker with tight spreads.

As you depositing your own hard-earned money, you need to ensure that you are using a CFD broker that places security at the top of its priority list. One example of a crucial safeguard is that of two-factor authentication.

This will require you to enter a unique code that is sent to your mobile phone every time you want to perform key account functions, such as logging in, trading or withdrawing funds.

  • Number of CFD asset classes If you like the option of trading of a wide variety of asset classes, then make sure that the CFD broker in question offers a good number of markets. This should generally include currencies, commodities, indices, shares, ETFs and in some cases, cryptocurrencies.

How to use a CFD platform

If you are at the stage where you have selected your preferred broker, registered an account and then subsequently deposited funds, you should ensure that you have a firm grasp of key CFD practices. Take a look at some of these key factors below.

Firstly you need to choose your preferred market. This might be currencies, ETFs or shares, for example.

  • Choose the CFD asset that you want to trade

Once you’ve selected your desired market, you then need to choose the asset that you want to trade. For example, if you opted for blue-chip shares, then this could be Apple or IBM.

  • Determine whether you want go ‘Long’ or ‘Short’

As we noted earlier, one of the key benefits of CFD trading is that you can speculate on the asset going up in value (long), or alternatively, losing value (short).

If you want to go long, then you’ll need to ‘buy’ the asset. On the other hand, if you want to go ‘short’, then you will instead need to ‘sell’ the asset.

Regardless of your experience in the CFD trading space, it is crucial that you set-up stop losses. This will automatically close a trade when the value of the asset hits a certain position. Ultimately, this can be the difference between making a small loss, or your balance in its entirety.

Perhaps most importantly, you need to ensure that you understand how much you are risking on each CFD contract. You have the option of determining how much you want to stake for each movement in price, which is referred to as a ‘tick’. Each market will have its own tick value too.

For example, if you want to buy a CFD in Apple, and one tick is represented by $0.01, then every time the share price moves by 1 tick, you profit or loss will be multiplied by $0.01. Continuing on from the same example, if you choose to stake $0.50 per tick, and the share price of Apple increases by 10 ticks, then your profit would be $5.

  • Learning how to perform chart analysis

Although this is an art that takes time and effort to perfect, it is worth spending some time learning how to read charts. Known as technical analysis, many traders rely on chart analysis to predict how the market might move, based on historical trends.

How we rated these CFD brokers

When we went through the evaluation process of rating each broker, we took into account a range of key factors. This included whether or not the broker is regulated and by whom, the fees charged, the number of CFD assets, user-friendliness and reputation, among many other factors.

Ultimately, we decided to break each recommendation down by certain segments, such as the best broker for UK or U.S. citizens, or the best platform for beginners. This way, it allows you make an informed decision as to the best CFD broker for your individual needs.

Conclusion

If you’ve read our guide from start to finish, you should now have a firm understanding as to the many factors that you need to consider when choosing the right CFD broker. Essentially, there is no one-size-fits-all approach, not least because each platform will have their own advantages and disadvantages.

The best approach that you can take is to perform your own research prior to signing up to a new broker. We hope we’ve made this approach more conducive for you, by pointing you in the right direction.

FAQs

This is a complex question to answer, not least because each trading platform with have their own pros and cons. If you are looking to speculate on the price of stocks in the most convenient way possible, then it might be worth using a CFD broker.

If you want to buy stocks online, then there are a range of brokers that can facilitate this for you. If you are instead more interested in speculating on the underlying asset in the most cost effective and efficient manner, then a CFD broker might be more up your street.

The fees charged by conventional stockbrokers will vary from broker-to-broker. However, it is important to remember that traditional stockbrokers will charge a lot more than CFD platforms. The key reason for this is that stockbrokers must be remunerated for their efforts, insofar that they actually purchase the stocks on your behalf.

In effect, you can, however this process is primarily reserved for institutional investors. Unless you fall within this bracket of investor, then you will likely need to use a broker.

Virtually any asset class can be represented in the form of a CFD. Notable examples include currencies, shares, ETFs, indices, interest rates and cryptocurrencies.

If you ‘Go Short’ on a CFD, it means that you are speculating that the value of the underlying asset will go down. If it does, then your trade will result in profit.

Before you start trading with your own money, it is crucial that you gain a firm understanding of how the marketplace works. Even better, some CFD brokers allow you to open up a demo account, which is a great way to get comfortable trading CFDs.

CFD stands for ‘Contract-for-Difference’. However, they are usually just referred to as CFDs.

This depends. If you implement the correct safety procedures, such as installing stop-losses, then CFD risk-levels can be controlled. On the other hand, a failure to set-up stop losses and utilizing leverage can be very high-risk.

In most cases leverage is available when trading CFDs. However, this is usually dependant on your investor status. Institutional investors will most commonly be offered high leverage levels, due to their experience of the marketplace. While retail investors can be offered leverage, this is usually limited to ensure that you do not experience significant losses.

Unfortunately not. As you are speculating on the movement of the underlying share price rather than actually owning the stock, you would not be accustomed to dividend payments. For this you would need to purchase conventional stocks from a broker, rather than a CFD.

Compare Brokers For Trading Indices

For our trading indices comparison, we found 19 brokers that are suitable and accept traders from Russian Federation.

We found 19 broker accounts (out of 147) that are suitable for Trading Indices.

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About XTB

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

75% of retail investor accounts lose money when trading CFDs with this provider.

Read our in-depth XTB review

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About IG

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

68% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Read our in-depth IG review

Plus500

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About Plus500

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

76.4% of retail CFD accounts lose money

AvaTrade

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About AvaTrade

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

71% of retail investor accounts lose money when trading CFDs with this provider.

Forex.com

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About Forex.com

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

69% of retail investor accounts lose money when trading CFDs with this provider

Axitrader

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About Axitrader

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

eToro

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About eToro

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

62% 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.

XM Group

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About XM Group

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

71.6% of retail investors lose money when trading spread bets and CFDs with this provider.

City Index

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About City Index

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

72% of retail investor accounts lose money when trading CFDs with this provider

EasyMarkets

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About EasyMarkets

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

83% of retail investor accounts lose money when trading CFDs with this provider.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The Ultimate Guide to

What is a Stock Market Index?

A stock market index is a measurement of an established segment of the stock market. It is often used as a type of benchmark from which the performance of other stocks is measured and is used by investors as a gauge for building a portfolio. For example the FTSE 100 is made up of the biggest 100 companies on the London Stock Exchange and provides a meter for the UK markets whilst the DAX index is made up of 30 of the top companies listed on the Frankfurt Exchange and is a meter of the German stock market.

The value of an index at any point in time is determined by the combined prices or combined capitalisation of stocks within that particular index. The index may be either a price weighted average or a market weighted average of all the stocks included in the index.

Each index essentially serves as a tracker of the overall performance of a particular portion of the market.

The Most Traded Stock Market Indices

Although there are many stock market indices, there are a few that are more regularly traded across the financial markets. Some of these indices are:

  • The Dow Jones Industrial Average – Commonly referred to as “the Dow”, this index includes stocks of the top 30 companies in the United States in terms of size and influence. The Dow is price weighted which means that it derives its value from the weighted average of the prices of these 30 stocks. The value of the Dow represents approximately 25% of the value of the US stock market.
  • The S&P 500 Index – This index is the Standard and Poor’s 500 index and it is a portfolio of the 500 most traded stocks in the US stock market. Since the value of this index represents as much as 80% of the US stock market, it gives a good indication of the performance of the entire stock market. The S&P 500 is market-weighted rather than price weighted. The value, therefore, depends on the market capitalisation of the relevant stocks included.
  • The Wilshire 5000 index includes stocks of almost every publicly-traded company headquartered in the USA. Because of this, it is also referred to as the “total market” index.
  • The Nasdaq Composite Index – This index is more specialised than the others because it is comprised solely of technology stocks. It is market-weighted and includes all the stocks that are traded on the Nasdaq stock exchange. Not all stocks in the Nasdaq, are of companies that are headquartered in the US.

Advantages and Disadvantages of Trading Indices Through CFD Trading

Stock market indices are often traded through CFD trading. Trading indices via CFDs will allow the trader to trade on margin and to benefit from leverage. This means that the trader may purchase a certain number of contracts with a smaller account size, compared to what would be required to purchase each individual stock included in the index.

CFD brokers often offer margin to trade indices such as London Capital Group who offer margins as low as 0.20%. In addition to trading with leverage, a trader can both buy and sell contracts, giving the opportunity to benefit regardless of how the market is moving. Below are some of the trading conditions for Index futures with London Capital Group. For more details visit the LCG website.

Market Min Spread Min trade size Value of 1 point/lot Guaranteed Stop charge Margin required
UK100 4 0.1 lot £10 2 0.20%
Wall Street 5 0.1 lot $10 4 0.20%
Germany 30 3 0.1 lot €10 4 0.20%
US 500 0.8 0.1 lot $50 0.8 0.20%
US Tech 100 2 0.1lot $100 0.8 0.20%
France 40 4 0.1 lot €10 4 0.40%
Japan 225 15 0.1 lot $5 10 0.40%

*All information collected from https://www.lcg.com/uk/, see website for full terms and conditions. Example is for illustrative purposes only. Your capital is at risk. Last updated on February 1, 2020.

Another advantage of trading indices with a CFD broker like London Capital Group is that they usually do not charge a commission on the trades. The broker instead makes their profit from the spread.

One of the advantages of trading indices through CFD trading is also a disadvantage. Traders who decide to take advantage of the margin offered by brokers will have increased the upside when the trade goes in favour of the trader, however, the risks will also be magnified if a trade goes against them. Traders should therefore not trade more than they can afford to lose since they could lose 100% or more of their original investment.

Conclusion
Stock market indices are a statistical representation of a portion of the stock market. They may be price weighted or market-weighted and often act as benchmarks of the performance of the market. A stock market index may be traded through CFD trading which may magnify returns, but which may also magnify the risks.

Why Choose XTB
For Trading Indices?

XTB scored best in our review of the top brokers for trading indices, which takes into account 120+ factors across eight categories. Here are some areas where XTB scored highly in:

  • 16+ years in business
  • Offers 1,500+ instruments
  • A range of platform inc. MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.20pips
  • Used by 230,000+ traders.
  • Offers demo account
  • 3 languages

XTB offers three ways to tradeForex, CFDs, Social Trading. If you wanted to trade FTSE100

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

XTB have a AAA trust score. This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 16

Trust Score comparison

XTB IG Plus500
Trust Score AAA AAA B
Established in 2002 1974 2008
Regulated by Financial Conduct Authority Financial Conduct Authority and ASIC Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14). Plus500AU Pty Ltd (ACN 153301681), licensed by: ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

A Comparison of XTB vs. IG vs. Plus500

Want to see how XTB stacks up against IG and Plus500? We’ve compared their spreads, features, and key information below.

Best CFD Broker & Platforms UK

Looking for the Best CFD Broker and Platform in the UK?

Does CFD Trading seem complicated?

We have spend over 180 hours searching for the best regulated CFD Broker in the United Kingdom, in this article, we will present the results.

Here Are The Best CFD Brokers UK:

  • Plus500 – Visit Plus500
  • CMC Markets – Visit CMC Markets
  • eToro – Visit eToro
  • IG Markets – Visit IG Markets
  • AvaTrade – Visit AvaTrade

Last update: 2020-03-19

Your capital will be at risk when using any of the recommended brokers on this page. Never invest money you can’t afford to lose. Using a high leverage can result in big losses. Between 65-89% of retail investors lose money when trading contracts for difference (CFD). Bullmarketz may be compensated by some of the brokers listed on our website.

Is CFD Trading allowed in your country?

CFD Regulation Country by Country. The CFD trading services we are listing in this article is available in the following countries.

Are you based in the United Kingdom? Canada? Australia or US? Find out if you can trade CFDs.

Europe:

  • Albania
  • Bosnia & Herzegovina
  • Bulgaria
  • Croatia
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Kosovo
  • Latvia
  • Lithuania
  • Macedonia
  • Malta
  • Moldova
  • Montenegro
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Turkey
  • Ukraine
  • United Kingdom

North America

  • Belize
  • Canada
  • Costa Rica
  • Cuba
  • Guatemala
  • Honduras
  • Jamaica
  • Mexico
  • Nicaragua
  • Panama
  • Puerto Rico
  • The Bahamas

Excluded: United States

South America

  • Argentina
  • Bolivia
  • Chile
  • Colombia
  • Dominican Republic
  • Ecuador
  • Guyana
  • Paraguay
  • Peru
  • Suriname
  • Uruguay
  • Venezuela

Africa

  • Algeria
  • Angola
  • Benin
  • Botswana
  • Burkina Faso
  • Burundi
  • Cameroon
  • Central African Republic
  • Chad
  • Democratic Republic of Congo
  • Egypt
  • Eritrea
  • Ethiopia
  • Gabon
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Kenya
  • Lesotho
  • Liberia
  • Libya
  • Madagascar
  • Malawi
  • Mali
  • Mauritania
  • Morocco
  • Mozambique
  • Namibia
  • Niger
  • Nigeria
  • Republic of the Congo
  • Rwanda
  • Sierra Leone
  • Somalia
  • South Africa
  • South Sudan
  • Sudan
  • Swaziland
  • Tanzania
  • The Ivory Coast
  • Togo
  • Tunisia
  • Tunisia
  • Uganda
  • Western Sahara
  • Zambia
  • Zimbabwe

Middle East

  • Georgia
  • Armenia
  • Azerbaijan
  • Iran
  • Iraq
  • Syria
  • Lebanon
  • Cyprus
  • Israel
  • Jordan
  • Saudi Arabia
  • Kuwait
  • Bahrain
  • Qatar
  • United Arab Emirates
  • Oman
  • Yemen
  • Afghanistan
  • Bangladesh
  • Cambodia
  • China
  • China
  • India
  • Indonesia
  • Japan
  • Kazakstan
  • Kirgizistan
  • Laos
  • Malaysia
  • Mongolia
  • Myanmar
  • North Korea
  • Pakistan
  • Papua New Guinea
  • Philippines
  • Singapore
  • South Korea
  • Sri Lanka
  • Thailand
  • Turkmenistan
  • Uzbekistan
  • Vietnam

Excluded: Hong Kong

Oceania:

  • Australia
  • New Zealand

Tested CFD Brokers:

  • eToro
  • Markets.com
  • 24Option
  • IQ Option
  • BDSwiss
  • HotForex
  • Trade.com
  • Libertex
  • Plus500
  • XTB
  • InstaForex
  • IG Markets
  • GKFX
  • LionsFX
  • Valutrades
  • XM
  • IronFX
  • Blackwellglobal
  • FPMarkets
  • AmanaCapital
  • Admiralmarkets
  • Alvexo
  • Bizintra
  • Pepperstone
  • Windsorbrokers
  • FXPro
  • ForexTime
  • HYCM
  • FXGrow
  • TeleTrade
  • Trader.online
  • Marketscube
  • Finmaxbo
  • FXCC
  • Oanda
  • Forex.com
  • LCG
  • CMC Markets
  • FXCM
  • iForex
  • IFC Markets
  • Aaatrade

Best CFD Trading Platform UK – Top 5

1. Plus500 – Simple and Accessible Trading Platform.

Plus500 is an broker that are publicly traded on the London Exchange.

Over the years, Plus500 has attracted a large number of loyal customers and have made a name for themselves for being trustworthy and professional.

The Plus500 demo account is unlimited and it does not require any deposit. However, it is Plus500’s dedication to staying relevant that earns them a spot on the list of the best CFD brokers.

Platform: The Plus500 Platform
License: CySEC, FCA
Assets: Stocks, forex, commodities, cryptocurrencies, options, ETFs, and more
Demo Account: Yes

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Find the best trading platform. You capital is at risk when trading. Be careful.

2. CMC Markets – Undoubtedly A Top UK CFD Broker

10,000+ assets, two award-winning platforms, mobile trading apps, greatest analytic tools on the market, highest security possible, and experience that spans several decades.

That is what makes CMC Markets not only one of the best CFD brokers in the UK but one of the best online brokers in general.

The selection of CFDs includes stocks, commodities, ETFs, indices, and more, but you also have the option of trading forex and cryptocurrencies or partake in spread betting.

Naturally, this broker is also fully regulated and safe to use with licenses and operations all around the globe.

Platform: Next Generation + MT4
License: the FCA
Assets: Stocks, commodities, ETFs, indices, etc.
Demo Account: Yes

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Find the best trading platform. You capital is at risk when trading. Be careful.

3. eToro – Copy Trading, suitable for beginners.

eToro is the undisputed king of copy trading in the forex and CFD industry.

Their copy trading function and their CopyFunds makes every other copy feature look inferior.

On top of that, eToro has a clean interface, a large selection of assets, and all the necessary licenses to offer their services in Europe and beyond.

And let’s not forget the largest social trading network in the world. Needless to say, eToro is one of the best CFD brokers of all times.

Platform: Their own copy trading platform and social trading
License: CySEC, FCA, and more
Assets: Forex, cryptocurrencies, stocks, commodities, bonds, and more
Demo Account: Yes

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Find the best trading platform. You capital is at risk when trading. Be careful.

4. IG Markets – The Industry’s Most Respected Broker

IG Markets is one of the oldest players in the game. The broker was founded in 1974 and have been providing world-class trading services ever since.

Today, IG Markets is known for its outermost professionalism, extensive selection of exciting assets, and groundbreaking collection of trading platforms.

By signing up for an IG account, you’ll gain access to 12,000 CFDs and currency pairs ranging from international stocks and indices to commodities and cryptocurrencies.

If you’re looking for a broker that offers equal parts security and exciting trading opportunities, then picking IG Markets should be a no-brainer.

Platform: MetaTrader and Advanced Platform
License: FCA
Assets: 12,000 CFDs and currency pairs
Demo Account: Yes

Read our IG Markets guide

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Find the best trading platform. You capital is at risk when trading. Be careful.

5. AvaTrade – Great Platforms for All Traders

AvaTrade is a phenomenal online broker based and licenses in Ireland. Compare to some other brokers, AvaTrade has a more limited selection of assets with a total of 250.

However, what they lack in variation, the more then make up for in amazing platforms and efficient trading solutions.

These days, AvaTrade is mostly known and appreciated for their mobile trading app called AvaTradeGo. Although, they also provide access to great desktop trading options including MetaTrader 4.

Trading CFDs with AvaTrade is always a great experience and due to their limited selection of CFDs, they are perfect for beginners looking to learn the basics of online trading.

Platform: Several including their own
License: Central Bank of Ireland
Assets: 250 spanning several markets
Demo Account: Yes

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Find the best trading platform. You capital is at risk when trading. Be careful.

6. City Index – 12,000 Assets and a Top CFD Broker

Not only does City Index offer 12,000 assets as CFDs, but they also have one of the best CFD trading platforms that we’ve ever used.

Combine that with great spread, all the necessary licenses, and the option to spread bet assets if you want too, and you have one of the greatest CFD brokers out there.

City Index has been around for a very long time and was one of the first spread betting brokers in the UK back in the 1980s. Today, the brand has grown into something much bigger than that and they excel when it comes to CFD trading on the world’s most popular markets.

With a City Index CFD trading account you will be able to trade on shares, indices, commodities, bonds, cryptocurrencies, and several other markets.

Platform: AT Pro and MetaTrader 4
License: the FCA and many more (including in CA and US).
Assets: 12,000 shares, indices, cryptocurrencies, commodities, etc.
Demo Account: Yes

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Find the best trading platform. You capital is at risk when trading. Be careful.

6. Forex.com – All the Tools you Need for Efficient CFD Trading

Despite the name and this broker’s dedication to forex trading, Forex.com is actually a fantastic CFD broker as well.

In total, this broker offers 4,500 assets from all over the world including shares, commodities, cryptocurrencies, and indices. Now, since the selection of assets is a little more limited, this broker is perfect for beginners, even though most of their customers are experienced traders.

This is also a sister company to City Index so if you already like that broker, Forex.com will be right down your alley.

Platform: Forex.com and MetaTrader 5
License: the FCA
Assets: 4,500 shares, commodities, indices, FX pairs, and cryptocurrencies.
Demo Account: Yes

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Find the best trading platform. You capital is at risk when trading. Be careful.

7. IQ Option – Low amount of assets, best CFD platform.

We have used to use IQ Option for trading for many years, now they are really taking their product to the next level and we are very excited about that since the new platform since it has helped strengthen the broker’s brand even more.

In fact, IQ Option excels in every aspect and will remain a market leader for years to come. Definitely one of the best CFD trading platforms.

Platform: Their own
License: CySEC
Assets: Cryptocurrencies, forex, stocks, commodities, and ETFs
Demo Account: Yes

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Find the best trading platform. You capital is at risk when trading. Be careful.

8. InstaForex – Great CFD Trading Platform and selection.

InstaForex offers a good selection of forex and CFDs on several instruments and they have all the necessary license to offer trading in Europe and elsewhere in the world.

This broker is as modern as brokers can be with state of the art platforms, excellent charting tools, and great customer service.

All in all, InstaForex provides an unparalleled trading experience and that’s why we think they are a top CFD broker.

This broker is also constantly growing and we are certain they will take over more and more market shares over the next coming few years.

Platform: MetaTrader 4 and MetaTrader 5
License: CySEC
Assets: Stocks, forex, commodities, cryptocurrencies, and more
Demo Account: Yes

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Find the best trading platform. You capital is at risk when trading. Be careful.

Other CFD Providers UK

Not happy with the CFD providers listed so far? Below you can find other popular brokers.

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Research: Best CFD Brokers UK – 5 CFD Trading Platforms & Providers

Find the best trading platform. You capital is at risk when trading. Be careful.

How We Did This Research

We, the team working at BullMarketz.com, have many years of combined experience from several markets and all types of trading and thus during our years in the business, we have tried many brokers.

Due to our extensive experience, we know what should be required from a good broker and we are more than willing to share that information.

We have listed some of our absolute favorite CFD brokers on this page. You can consider this list the icing on the cake, the creme de la creme, and the elite of CFD brokers.

What we looked at when we did the research:

License and regulation – The first and most important thing we checked where if the broker is regulated and if they have all the licenses they need to operate. An unlicensed broker can easily rip you off and walk away with your money without any consequences.

In order to receive a license from one of the leading authorities in the industry, a broker needs to follow strict guidelines, volunteer to get audited on a regular basis and offer certain services and protection to their customers. Because of this, most brokers are proud of their licenses and they never try to hide this information. Usually, you’ll find a broker’s license further down on the website or under the “About Us” tab.

Available Assets – After we confirmed that the broker is licensed and regulated we had a look at the selection of assets. CFDs can be traded on pretty much any market and asset which means that many CFD brokers offer thousands of assets. In our opinion, the best CFD brokers have many assets in several markets because it gives you the freedom to invest in what you want as well as the option to switch things up.

Many of the CFD brokers we recommend offer some of the most popular asset classes like forex trading, stocks and indices, commodities such as energy and metals, and cryptocurrencies. That being said, not all brokers offer all of the markets but most offer at least a few of them. No matter what market you are looking to trade on you can rest assured that we have recommended the best CFD broker for that specific market.

Platform – The third step is to make sure that the broker’s platform is good. There is a multitude of different platforms that can either be developed by the broker or by third-party companies. It is important to take a close look at the different features and tools and see if they are beneficial for most of the traders. Trust us, using a broker with a platform you don’t like will quickly get miserable. The best way to test a trading platform is by opening a CFD demo account that lets you trade without risk.

Trading fees – All brokers come with different trading fees, even though there are some standards in the CFD industry. The fees are very important for our clients and obviously, the cost of trading is one of the main aspects we look at when evaluating brokers. Are they offering competitive spreads?

Are CFD Brokers Safe and Regulated?

Yes, every broker recommended on this page is completely safe to use. You see, your safety is of high importance to us and we want nothing more than to recommend you a safe trading environment in which you can thrive.

In order to ensure that each broker we recommend is safe, we look at regulation and the licenses that the brokers have. Moreover, we also study the brokers’ past and make sure that they have a good reputation and that they haven’t been involved in any bad press.

As mentioned, we would never recommend a broker that we wouldn’t feel comfortable using ourselves and every broker on this site is safe. Also, all of our reviews are unbiased meaning we’ll let you know if there is something we don’t like about a particular broker or if we encountered any problems and issues.

Why use a CFD provider?

What is the main difference between a CFD-broker and the more traditional way of buying stocks? There are both pros and cons to using a CFD-broker. We are going to list some of the positives of using a CFD broker.

Leverage – Leverage is something that most brokers offers and one of the main benefits of using contracts for difference broker. Leverage gives you the ability to enter trades that are bigger than the amount you physically invest by using credit. Let’s say that you invest $100 dollar buying a stock with 10 x leverage. You will then have invested $1000. Leverage works both ways. It will increase probability if you have done successful investments but it will also increase losses It’s a way to increase your potential profit from a certain investment, and it makes it possible to experience gains from speculating on even the smallest market movements. Essentially, leverage provides you with increased buying power. Leverage is excellent if you know how to use it and can be dangerous if you have no clue what you are doing.

Safety – When you use a regulated CFD broker, you are guaranteed a certain level of safety. You see, in order to be regulated a broker needs to live up to a certain standard in terms of fairness and security measures. They also agree to be audited on a regular basis.

This means that you can feel safe that you won’t be scammed or ripped off when using one of the best-regulated brokers in the world. Just note that a broker can’t protect you from possible losses. Ultimately, it is your responsibility to trade smart and avoid losing too much on the way.

Margin – A margin is essentially a loan that you broker provides to you. Depending on what asset you are trading the brokers offers different margins. It can be double your investment but it can also be several times higher than the funds in your account. Margins, like leverages, can be genius if used in the right way. Needless to say, margins also comes with risks. Make sure you know what you are doing.

Cost – There are so many markets and so many localized rules to trading that applies to taxes, stamp duty and so on. CFD-trading is in many markets a cost-efficient way to trade.

Most of the brokers that we recommend are commission free meaning no commission will be charged on your trades. Also, they all compete in trying to offer the most competitive spreads which push the cost down even further. As if that wasn’t enough, fees are usually kept to a minimum and are only applied where necessary.

Short – Going short? Then you should for sure use a CFD-broker. Short trading is generally considered pretty hard to do when doing more traditional stock investments. CFD-brokers offers excellent tools for short trading. In fact, CFD trading is set up in a way where you have two options for every trade. You can either purchase a buy position or a sell position. A buy position is a traditional investment (buy low sell high) and a sell position is what is called short selling or betting against the market.

Education – Every single broker that we have recommended to our readers provides educational material and training. Typically, this material ranges from written guides with examples to animated videos, live trading, and webinars. The material also tends to apply to beginners as well as more experienced traders and can be really useful at times.

Advanced trading platforms – It is no secret that CFD brokers are years ahead when it comes to their platforms. Are you looking for helpful features and easy to use platforms that make trading both more fun and more profitable? Then you should pick a CFD broker.

FCA and CySEC

The FCA license means that the Financial Conduct Authority has full insight into the operations of the broker, they run regular checks and audits and make sure the broker acts according to the regulations. The FCA is a watchdog for CFD brokers, banks, and similar services.

The same goes for CySEC, Cyprus Securities and Exchange Commission.

How do you know if a broker is FCA or CySEC regulated? They clearly state this somewhere on their home page, and as a rule, you can always find the license number in the footer. Also, all the brokers we recommend are licensed so you can always opt for one of them.

Contact the FCA

FCA Head Office

  • 12 Endeavour Square
  • London E20 1JN
  • Company no. 01920623
  • Contact FCA
  • Call FCA: 0800 111 6768 (freephone)
  • 0300 500 8082 (UK)
  • +44 207 066 1000 (from abroad)
  • FCA is open Monday -Friday, 8 am – 6 pm, Saturdays 9 am – 1 pm.

Why would you contact the FCA? Well, if you experience any troubles with UK brokers it’s the FCA’s duty to help you find a solution to your problems. If you have been exposed to a scam, wish to file a complaint or simply consult with an expert we recommend that you contact the FCA. This concerns only FCA regulated brokers. And remember, the FCA is on your side.

A Few Final Words

We are reaching the end of this article on how to pick the best CFD broker and we hope that we have made your choice a bit easier.

A few key takeaways from this article would be to always choose a regulated broker for safety reasons.

Also, make sure that the license they have is real and issued by a serious authority in the industry (such as CySEC or FCA or similar). It could also be a good idea to read a bit on forums to hear what people have to say about the broker.

Be a bit careful with this one as many people who have lost money tend to leave noncorrect and very subjective comments.

In terms of the platform, there are a few things you need to check out. Make sure the assets you want to trade are available.

Also, go through the functionalities offered by the broker, do you need stop loss? Any other functions you are expecting?

Lastly, make sure that you like the product you are using and that it’s easy for you to spend several hours per day on the platform without getting bored.

Good luck! We hope that you find the broker that you are looking for.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
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  • Binomo
    Binomo

    Good Choice For Experienced Traders!

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