CFD Broker Reviews

  1. What is CFD Broker?
  2. Best CFD Brokers
  3. How do CFD Brokers make money?
  4. How to Trade CFD eToro?
  5. CFD Forex Brokers List

What is CFDs Trading Broker?

CFD Broker offers CFD or Contract for Difference as instrument in its proposal, which is a popular form of trading and works as a contract conducted between two parties buyer and seller.

In CFD trading the investor never owns the instrument, as the trading products are a derivative value of the underlying asset, allowing to speculation on the price difference only, however has high risks too.

  • The seller typically is a broker who pays to the buyer or trader the difference between the current asset value and contact time value, while the trade comes to a close. In case the difference between the values is negative then the buyer or trader paying the seller. Read CFD Wikipedia.
📈 Trading InstrumentsForex, Commodities, Stocks, Indices, Cryptos
📈 LeverageYes
🗓 ExpiryNo
💰Contract sizeMicro Lot, Standard Lot (Depending on the broker)

What is CFD Trading Platform in Forex?

There is no need for a separate platform to trade CFDs, if the Broker offering CFD instruments in its range Trading Platform is configured for CFDs trading. See some of our important finds and notes to consider before signing for CFD Trading:

  • CFDs are complex instrument not suitable for everyone it is recommended to learn well how to trade it and consider all risks.
  • CFDs can be traded in Shares, Currency pairs, Commodities, Bonds, Stocks, ETFs or Indices and is an attractive opportunity to trade global markets without a direct deal with a particular asset via Brokers platform. See Exness which also trades CFDs.
  • CFDs are popular for margin trading with high leverage allowing trader to take advantage of prices moving up with long positions and moving down on short positions with initially small deposits.
  • CFDs are available to trade in a number of countries and fall under various regulations, however, some jurisdictions restrict CFD use as Over the Counter products (mostly the US).
  • CFDs introduced vast potential to retail traders worldwide and widely popularized since its creation in the late ‘90s. Most often the CFDs trading industry can not be strictly regulated due to its nature, as the seller or broker always the one who creates “selling conditions”. For that reason, the trustable CFD trading environment is provided only by well-regulated brokers with a necessary level of customer protection.
CFD Trading AdvantagesCFDs Trading Disavantages
Available for the number of instrumentsHighly risky instruments
Allowing to speculate on price movement only (trader doesnt buy or sell real instrument)No suitable for all Traders or Investment
Giving access to trade highly expensive Markets (like Stocks)Price is re-quote by Broker
Ability to go long and short and profit from all MarketsSpread and Overnight fees applied
Flexible Lot size including Micro, Nano lotsCFDs are at highest risk with offshore Brokers
CFDs Allowing to trade with small depositSome regions restrict CFDs
No expiration date or Change of ContractsNon-flexible Margins
Leveraged Trading

Top 5 Best CFD Trading Brokers

Here is our selection of Best Forex Brokers for CFD trading selected by category and recommended to trade with. Also, these Brokers are well-regulated so trading CFDs is considered safe with them:

  • HFM – Best CFD Broker Overall 2024
  • BlackBull Markets – Best CFD Brokers with lowest spread 2024
  • FP Markets – Best Forex Broker for Beginners 2024
  • Eightcap – Best Platforms CFD Broker 2024
  • BDSwiss – Best MT4 Forex Broker 2024

How do CFD Brokers make money?

CFD Brokers make money on trading costs paid by the traders for every open transaction, usually built into a spread.

How to Trade CFD on eToro?

Firstly open CFD account with eToro to access trading platform then see available trading instruments and place trading, also can learn how to trade CFDs on the education section.

Complete CFDs Brokers List

This is the complete list of regulated brokers who offer CFD Trading verified by our experts:

Broker Detail
Octa
Min. Deposit: $25
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, Octatrader
Regulation: CySEC, SVGFSA, FSCA
Octa Review
SquaredFinancial Review Logo SquaredDirect | SquaredFinancial
Min. Deposit: $250
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, Mobile App
Regulation: CySEC, FSA
SquaredDirect | SquaredFinancial Review
Saxo Bank
Min. Deposit: $5,000
Max. Leverage: 1:30
Trading Platforms: SaxoTraderGo, SaxoTraderPRO
Regulation: DFSA, FCA, ASIC, CBUAE, JFSA, MAS, SFC
Saxo Bank Review
XM
Min. Deposit: US$5
Max. Leverage: 1:30 to 1:1000
Trading Platforms: MT4, MT5, XM WebTrader
Regulation: CySEC, ASIC, FSC, DFSA
XM Review
Instaforex Review InstaForex
Min. Deposit: 0 $
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5, WebTrader, MobileTrader
Regulation: CySEC, FSC BVI, FSC
InstaForex Review
Exness Review Exness
Min. Deposit: 10 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation: FCA, CMA, CySEC, SFSA, CBCS, FSC BVI, FSC Muritius, FSCA
Exness Review
XPro Markets Review Logo XPro Markets
Min. Deposit: $250
Max. Leverage: 1:30 | 1:400
Trading Platforms: MT4, Webtrader
Regulation: FSCA
XPro Markets Review
Headway Review Logo Headway
Min. Deposit: $1
Max. Leverage: 1:30
Trading Platforms: MT4, MT5
Regulation: FSCA
Headway Review
Traders Trust Review Logo Traders Trust
Min. Deposit: €50
Max. Leverage: 1:30 | 1:3000
Trading Platforms: MT4
Regulation: CySEC, FSA
Traders Trust Review
WH SelfInvest Review Logo WH SelfInvest
Min. Deposit: €500
Max. Leverage: 1:30
Trading Platforms: MT4, NanoTrader, NinjaTrader
Regulation: CSSF, ACPR, BaFin
WH SelfInvest Review