The Best CFD Brokers in 2024
You will need the best trading platform and a great CFD broker to trade CFDs. You can access the CFD market through a CFD trading platform, which allows you to trade, manage your holdings, and monitor market conditions. A wide range of effective tools and unique features are also provided by top CFD brokers and trading platforms. Based on our investigation and evaluation, the top CFD brokers and trading platforms are listed below.
IG
CFD score: ⭐5/5
XM Group
CFD score: ⭐5/5
Saxo
CFD score: ⭐5/5
CMC Markets
CFD score: ⭐5/5
FOREX.com
CFD score: ⭐5/5
XTB
CFD score: ⭐5/5
City Index
CFD score: ⭐5/5
Pepperstone
CFD score: ⭐5/5
FP Markets
CFD score: ⭐5/5
IC Markets
CFD score: ⭐5/5
An Overview of the Best CFD Brokers in 2024
Here you can find out more about the features of our best CFD brokers.
| Broker | Minimum deposit | Leverage | Can you set leverage manually | Negative Balance Protection | Time to open account |
|---|---|---|---|---|---|
| IG | $0 | 1:30 | No | Yes | 1-3 days |
| XM | $5 | 1:1000 | Yes | Yes | 1 day |
| Saxo | $0 | 1:30 | Yes | Yes | 1 day |
| CMC Markets | $0 | 1:30 (Retail), 1:500 (Pro) | No | Yes | 1-3 days |
| FOREX.com | $100 | 1:50 | No | Yes | 1-3 days |
| XTB | $0 | 1:30 | No | Yes | 1 day |
| City Index | $0 | 1:30 | No | Yes | 1 day |
| Pepperstone | $0 | 1:30 | Yes | Yes | 1 day |
| FP Markets | $50 | 1:30 (Retail), 1:500 (Pro) | No | Yes | 1 day |
| IC Markets | $200 | 1:500 | Yes | Yes | 2 day |
Trading Fees at the Best CFD Brokers
The charges on the trade play a major role in choosing a broker, such as spreads, commissions, and other trading costs for the trade. You can check the spreads in the table below. Regarding stock CFDs, we calculate the charges for a $2,000 trade held for one week.
| Broker | S&P 500 index CFD fee | Euro Stoxx 50 index CFD fee | Apple CFD fee | Vodafone CFD fee | EUR/USD spread | GBP/USD spread |
|---|---|---|---|---|---|---|
| IG | $3.20 | $3.10 | $33.20 | $29.10 | 0.6 | 0.9 |
| XM | $3.30 | $3.20 | $7.10 | $16.90 | 0.1 | 0.8 |
| Saxo | $3.60 | $3.70 | $11.60 | $24.50 | 0.8 | 1.2 |
| CMC Markets | $3.50 | $3.40 | $23.40 | $26.80 | 0.7 | 0.9 |
| FOREX.com | $3.20 | $3.30 | $23.20 | $29.10 | 1.2 | 1.5 |
| XTB | $1.40 | $4.20 | $9.40 | $11.50 | 0.8 | 1.6 |
| City Index | $3.20 | $3.30 | $23.20 | $29.10 | 1.1 | 2.0 |
| Pepperstone | $3.20 | $3.20 | $4.50 | $7.30 | 0.1 | 0.2 |
| FP Markets | $1.10 | $3.30 | $33.50 | $29.40 | 0.1 | 0.2 |
| IC Markets | $2.90 | $3.00 | $1.60 | $6.30 | 0.0 | 0.0 |
Non-trading fees at the top CFD brokers
Non-trading fees refer to fees or charges that are not directly related to a given trade. This usually includes account maintenance, deposit/withdrawal, and inactivity fees. You can learn about the best CFD brokers’ non-trading fees through the table below.
| Broker | Account fee | Deposit fee | Withdrawal fee | Inactivity fee |
|---|---|---|---|---|
| IG | ❌ | $0 | $0 | ❌ |
| XM | ❌ | $0 | $0 | Yes |
| Saxo | ❌ | $0 | $0 | ❌ |
| CMC Markets | ❌ | $0 | $0 | Yes |
| FOREX.com | ❌ | $0 | $0 | Yes |
| XTB | ❌ | $0 | $0 | Yes |
| City Index | ❌ | $0 | $0 | Yes |
| Pepperstone | ❌ | $0 | $0 | ❌ |
| FP Markets | ❌ | $0 | $0 | ❌ |
| IC Markets | ❌ | $0 | $0 | ❌ |
Products Available at Top CFD Brokers
Here, you can check out the best CFD brokers and what types of CFDs you can trade on their trading platforms.
| Broker | Stock CFD | Stock index CFD | Bond CFD | Commodity CFD | Crypto |
|---|---|---|---|---|---|
| IG | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| XM | ✔️ | ✔️ | ❌ | ✔️ | ❌ |
| Saxo | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| CMC Markets | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| FOREX.com | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| XTB | ✔️ | ✔️ | ❌ | ✔️ | ✔️ |
| City Index | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| Pepperstone | ✔️ | ✔️ | ❌ | ✔️ | ❌ |
| FP Markets | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| IC Markets | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
Can I trust these CFD brokers?
Can I trust these CFD brokers? The answer to this question depends on the regulation of the brokers, the protections available to investors, and the impeccable track record of the brokers. This information is given below.
| Broker | Year of Establishment | Top-tier Regulators | Investor Protection | Involved in Scandal |
|---|---|---|---|---|
| IG | 1974 | ASIC in Australia, JFSA in Japan, MAS in Singapore, FINMA in Switzerland, and FCA in the UK | £85k to UK, €20k to EU clients, CHF 100k to Swiss, and $0 to other clients | No |
| XM | 2009 | CySEC in EEA countries, ASIC in Australia, DFSA in the Middle East, and IFSC and FCA in the rest of the world | €20k to EEA countries clients, $0 to others | No |
| Saxo | 1992 | FSA in Denmark, FCA in the UK, FINMA in Switzerland, and ASIC in Australia | $100k cash and €20k securities to most EU clients. | No |
| CMC Markets | 1989 | FCA in the UK, CIRO in Canada, and ASIC in Australia | £85k to UK clients, €20k to EU, CAD 1mn to Canadian, $0 to other clients | No |
| FOREX.com | 2001 | FCA in the UK and CFTC, NFA in the US | £85k to UK and EU clients | No |
| XTB | 2002 | FCA in the UK | £85k to the UK and €20-22k to EU clients, $0 to others | No |
| City Index | 1983 | FCA in the UK and ASIC in Australia | £85k to UK clients and $0 to others | No |
| Pepperstone | 2010 | ASIC in Australia, FCA in the UK, and BaFin in Germany | £85k to the UK and €20k to EU clients, $0 to others | No |
| FP Markets | 2005 | ASIC in Australia, CySEC in the EU | €20k to EU clients, $0 to others | No |
| IC Markets | 2007 | FCA in the UK and ASIC in Australia | €20k to EU clients and $0 to others | No |
The Best CFD Brokers Snapshot
68% of retail CFD accounts lose money
Recommended for both beginners and professional traders. This is where beginning traders can find best-in-class educational resources, an unlimited demo account, and an intuitive web-based platform. On the other hand, professional traders also thrive with this versatile broker due to its low costs, state-of-the-art platforms, and features like DMA access and VPS hosting.
| Mobile app score | 5.0 |
| Minimum deposit | $0 |
| Trading Platforms | Proprietary, MT4, ProRealTime, L2 Dealer |
| Deposit options | Wire Transfer, Debit Card, Credit Card, PayPal, Visa, Mastercard |
| Withdrawal options | Wire Transfer, Debit Card, Credit Card, PayPal, Visa, Mastercard |
| Demo account | Yes |
| Customer services | 24/7 Customer support via Phone, Live chat, WhatsApp, and Email |
73% of retail CFD accounts lose money
Recommended for all types of traders. It offers a perfect trading experience for both novice and experienced traders. XM is a solid choice for traders looking for a comprehensive and reliable platform for gold trading.
| Mobile app score | 5.0 |
| Minimum deposit | $5 |
| Trading Platforms | MetaTrader 4, MetaTrader 5 (for CFD trading) |
| Deposit options | Credit and debit cards, bank transfers, e-wallets, and many more. |
| Withdrawal options | Credit and debit cards, bank transfers, e-wallets, and many more. |
| Demo account | Yes |
| Customer services | 24/7 customer support via live chat, Phone, and Email |
| Bonus | Up to $2,000 |
64% of retail CFD accounts lose money
Recommended for for both retail and institutional clients. Its wide range of products, advanced trading platform, and strong regulatory framework make it an excellent choice for serious traders and investors.
| Mobile app score | 5.0 |
| Minimum deposit | $0 |
| Trading Platforms | SaxoTraderGO and SaxoTraderPRO |
| Deposit options | Bank transfer, Credit/debit cards |
| Withdrawal options | Bank transfer |
| Demo account | Yes |
| Customer services | 24/5 customer support via live chat, Phone, and Email |
74% of retail CFD accounts lose money
Recommended for both novice and experienced traders. Its commitment to providing top-tier educational resources and research tools makes it an excellent choice for traders seeking a comprehensive trading experience.
| Mobile app score | 5.0 |
| Minimum deposit | $0 |
| Trading Platforms | iOS, Android, MT4 |
| Deposit options | Credit/debit card, PayPal, Bank transfer |
| Withdrawal options | Credit/debit card, PayPal, Bank transfer |
| Demo account | Yes |
| Customer services | 24/5 customer support via phone, email, and live chat. |
69% of retail CFD accounts lose money
Recommended for both novice and experienced traders. Its strong regulatory framework and extensive educational resources make it an excellent choice for all types of traders.
| Mobile app score | 5.0 |
| Minimum deposit | $100 |
| Trading Platforms | Mobile App, WebTrader, MetaTrader 5, TradingView |
| Deposit options | Credit/debit card, wire transfer, PayPal |
| Withdrawal options | Credit/debit card, wire transfer, PayPal |
| Demo account | Yes |
| Customer services | 24/5 customer support via Live chat, phone, email, fax. |
81% of retail CFD accounts lose money
Recommended for users looking for an easy-to-use trading platform with many asset classes.
| Mobile app score | 5.0 |
| Minimum deposit | $0 |
| Trading Platforms | xStation5, MT4 |
| Deposit options | Bank transfer, Credit/debit cards, PayPal, Paysafe, Skrill, PayU, ecommpay |
| Withdrawal options | Bank transfer, Credit/debit cards, PayPal, Paysafe, Skrill, PayU, ecommpay |
| Demo account | Yes |
| Customer services | 24/5 customer support via phone, email, and live chat. |
72% of retail CFD accounts lose money
Recommended for both beginner and experienced traders with its comprehensive educational resources and robust trading platforms.
| Mobile app score | 5.0 |
| Minimum deposit | $0 |
| Trading Platforms | MetaTrader 4, Web Trader, Mobile application, AT Pro Trading Platform |
| Deposit options | Bank Transfer, Debit/Credit Cards, E-Wallets |
| Withdrawal options | Bank Transfer, Debit/Credit Cards, E-Wallets |
| Demo account | Yes |
| Customer services | 24/5 customer support via live chat, email, or phone |
81% of retail CFD accounts lose money
Recommended for for both novice and professional traders. The broker’s emphasis on fast and reliable execution makes it suitable for high-frequency trading. With that said, Pepperstone is a good choice for traders who are looking for a well-regulated broker with a wide range of assets to trade.
| Mobile app score | 5.0 |
| Minimum deposit | $0 |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView |
| Deposit options | Credit/debit card, PayPal, Neteller, Skrill, Poli, wire transfer |
| Withdrawal options | Credit/debit card, PayPal, Neteller, Skrill, Poli, wire transfer |
| Demo account | Yes |
| Customer services | 24/5 customer support via phone, email, and live chat. |
74% of retail CFD accounts lose money
Recommended for both beginners and experienced traders due to its diverse trading platforms and educational resources.
| Mobile app score | 5.0 |
| Minimum deposit | $50 |
| Trading Platforms | MetaTrader 4, MetaTrader 5, and cTrader |
| Deposit options | Credit/debit cards, bank wire transfers, and e-wallets |
| Withdrawal options | Credit/debit cards, bank wire transfers, and e-wallets |
| Demo account | Yes |
| Customer services | 24/7 customer support via live chat, phone, and email |
71% of retail CFD accounts lose money
Recommended for traders seeking a reliable and efficient trading experience. Its wide range of tools, extensive educational resources, and reliable customer support make it an excellent choice for both novice and experienced traders.
| Mobile app score | 5.0 |
| Minimum deposit | $200 |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, ZuluTrade |
| Deposit options | Bank wire, Credit cards, Digital wallets |
| Withdrawal options | Bank wire, Credit cards, Digital wallets |
| Demo account | Yes |
| Customer services | 24/7 customer support via phone, email, and live chat. |
Methodology
To choose the best CFD broker, we thoroughly check, verify, and compare the elements that we consider to be the most important to consider when choosing an excellent broker. This includes the benefits, drawbacks, and overall grades determined by our research. Our goal is to help you find the ideal broker for your investor needs. You can read more about our methodology by visiting this page.
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. According to one report, 74% to 89% of retail investor accounts lose money when trading CFDs. So you should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
