Best CFD Brokers in 2022

filippo ucchino Filippo Ucchino calendar Last Updated: April 2022 timer 12 min read

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 contents

Round-up

BROKER SPREADS FROM NUMBER OF CFD ASSETS MAXIMUM LEVERAGE
eToro 1 pip 1000+ 30:1
Trading 212 0.8 pips 1800+ 500:1
Pepperstone 0 pips 3000+ 400:1
Plus500 1 pip 2000+ 300:1
IG Markets 0.6 pips 17000+ 200:1
AvaTrade 0.9 pips 200+ 400:1
IC Markets 0 pips 1000+ 500:1
Forex.com 0.5 pips 4500+ 200:1
Oanda 0.6 pips 100+ 100:1
XM 0 pips 1250+ 888:1

WARNING

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

Top 10 best CFD brokers: 2022 review

1. eToro

  • 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.

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.

3. Pepperstone

  • 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.

4. Plus500

  • Plus500 is known for its CFD platform where over 2,000 derivatives are offered as CFDs
  • A rollover-free account is available
  • While the maximum leverage available is 1:300, 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.

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.

6. AvaTrade

  • 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.

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.

8. Forex.com

  • 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.

9. Oanda

  • 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.

10. XM

  • 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.

About the Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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