At InvestinGoal, we adhere to strict standards to ensure an unbiased review process. We conduct our reviews by examining each broker’s offering and performance across 4 key categories. A final rating is produced for each forex broker based on a total of 187 data points. Learn more about our review process and methodology.
Regulation and the trader’s trust towards the broker are some of the most important factors when choosing a CFD broker.
Along with these factors, we also took into consideration:
- The minimum commissions charged on CFDs
- The amount of tradable CFD markets
- The general quality of service
- The maximum leverage available
Table of Content
|BROKER||SPREADS FROM||NUMBER OF CFD ASSETS|
|Trading 212||0.8 pips||1800+|
|IG Markets||0.6 pips||17000+|
|IC Markets||0 pips||1000+|
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money
- Via eToro’s social trading platform, you can engage and share CFDs trading strategies with millions of traders.
- eToro provides a total number of over 1,000 CFD assets on different markets, including forex, commodities, cryptos, stocks and indices.
- Spreads on eToro are slightly higher than the other CFD brokers starting from 1 pip on forex.
- To avoid CFD overnight fees, eToro offers an Islamic account with a minimum deposit of $1000.
- The maximum leverage available on eToro is 1:30 across all jurisdictions and countries. This can increase up to 1:400 for professional traders.
(79% 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)
2. Trading 212
- Trading 212 offers a user-friendly CFD platform.
- The broker offers a specific CFD account with a $10 minimum deposit.
- A wide range of over 1800+ CFD assets is offered, with competitive spreads starting from 0.8 pips on CFD forex pairs.
- They provide high leverage up to 1:500, however European and UK traders can open positions up to 1:30 leverage only.
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76% of retail CFD accounts lose money
- More than 3,000 CFD assets available in total.
- Pepperstone is known for their extremely low forex CFD spreads, with an average of 0.09 pips on the EUR/USD pair.
- Professional traders can earn rebates when trading forex.
- Islamic traders can access a rollover free account to avoid interests.
- International clients can access high leverage up to 1:500. For EU, UK and Australian traders, the maximum leverage available is 1:30.
(75.9% of retail CFD accounts lose money)
- Plus500 is known for its CFD platform where over 2,000 derivatives are offered as CFDs.
- A rollover-free account is available.
- The CFD leverage with Plus500 depends on the country of residence of the trader. Under MAS the maximum leverage is 1:20, while it’s 1:30 under CySEC, FCA and ASIC, and goes up to 1:300 under their FSA regulated branch.
(77% of retail CFD accounts lose money)
5. IG Markets
- IG Markets has a wide range of over 17,000 tradable CFDs.
- These assets are tradable on the same account, where spreads start from 0.6 pips.
- However, Islamic traders who want to not pay rollover fees, can contact IG Markets to get an islamic account.
- IG has multiple branches all around the world. The maximum leverage available is 1:200 but the CFD leverage may be lower depending on the region of the trader.
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(76% of retail investor accounts lose money)
- AvaTrade is well-known for offering fixed spreads on their CFD assets.
- Even though fixed spreads are generally higher than variable spreads, AvaTrade manages to keep them low starting at 0.9 pips (0.6 pips for professional traders).
- Over 200 assets in multiple markets are made available.
- Islamic traders can request to AvaTrade a swap-free account.
- The maximum leverage available on CFDs can be as high as 1:400 depending on the region of the trader.
(79% of retail CFD accounts lose money)
7. IC Markets
- IC Markets is the CFD broker of choice for scalpers and algo-traders.
- More than 1,000+ financial CFD assets are available in a number of markets.
- Spreads are kept very low starting from 0 pips, and they also provide fast order execution.
- Islamic traders are exempt from paying overnight fees.
- Leverage on CFDs is up to 1:30 under ASIC and ESMA branches, while it’s up to 1:500 under the global entity.
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(74-89% of retail CFD accounts lose money)
- Forex.com offers a wide range of more than 4,500 CFD assets to trade.
- CFD spreads start from 0.5 pips on forex.
- The maximum leverage available is slightly lower than other brokers being at 1:200 for international traders.
- The broker makes an Active Trader Program available depending on your location, which can reduce your trading costs up to 15% depending on the volumes traded.
73% of retail CFD accounts lose money
- Oanda has only 100 tradable CFDs, but it’s renowned for its solid service.
- Spreads on CFDs start from 0.6 pips across the world, with the exception of Australia where these start from 0 pips.
- The maximum leverage available with Oanda is 1:100 for international clients.
- High volume CFD traders can join the Oanda advanced trader program, where they can have access to a range of benefits depending on the tier. These include reduce reduced spreads up to 0.3 pips, and lower commissions in general.
73.5% of retail CFD accounts lose money
- With XM you can trade over 1,250 instruments as CFDs.
- Spreads with XM start from 0 pips, however these may be higher depending on the account type chosen.
- XM provides very high leverage up to 1:888, but not for everyone. 1:30 leverage applies to European and Australian traders, while under DFSA this limit is slightly higher at 1:50.
- XM provides a good rollover-free account for all Islamic traders.
73.57% of retail CFD accounts lose money
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