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Best CFD Trading Platforms

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The best CFD trading platforms are: XTB, Plus500, eToro, AvaTrade, Interactive Brokers, and City Index. Plus500 is a top CFD platform with professional tools. IQ Option is popular because of its low spreads. AvaTrade is a beginner-friendly CFD platform. Pepperstone offers a low minimum deposit and an above-average research section.

The 6 Best CFD Platforms 2021

  • XTB provides the best online trading experience for new investors.
  • Plus500 offers a premium CFD trading experience.
  • eToro offers an excellent social trading experience.
  • AvaTrade offers a beginner-friendly trading platform.
  • Interactive Brokers offers competitive fees and professional services.
  • City Index – Low forex trading fees, fast account opening and diverse research tools.

RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1XTBExcellent research tools4.5/5Best online trading experienceOfficial website
#2Plus500Top choice for professionals5/5Premium CFD tradingOfficial website
#3eToro​Demo account and powerful research tools4.9/5Excellent social trading Official website
#4Ava TradeLow fees and spreads 4.8/5Beginner-friendly trading platform Official website
#5InteractiveBrokersPremium research tools 4.9/5Competitive fees and professional services Official website
#6City IndexFast account opening 4.5/5Low forex trading fees Official website

TOP CFD Platforms in Overview:

#1 XTB: Best Online Trading Experience For New Investors

XTB is a forex and CFD broker popular with new traders. It is highly regulated with licenses from the FCA and CySEC. This broker is on the Warsaw Stock Exchange, which increases its reliability.

XTB is a top provider for beginner-friendly trading experiences. It has excellent research tools and many learning materials. XTB follows a transparent fee structure.


#2 Plus500: Best Premium CFD Trading Experience

Plus500 is a premium online broker with excellent platforms and tools. It offers helpful trading tools, including an economic calendar.

This broker has a comprehensive portfolio with a proprietary platform, a web platform, and a desktop platform. It has a professional mobile app with full CFD trading functionality. It is a top choice for professional investors as its platforms are challenging for beginners to learn.


#3 eToro: Best Social Trading Experience

etoro-login

eToro is the top social trading broker with transparent fees. It has top-tier licenses from the ASIC and FCA. This broker offers industry-leading platforms with access to a versatile portfolio.

eToro provides world-class social trading tools and a well-designed mobile app. eToro has a demo account and powerful research tools. eToro is an excellent choice for professional traders, as it has limited learning tools.


#4 AvaTrade: Best Beginner-Friendly Trading Platform

avatrade-logo

AvaTrade has an impressive offering with low fees and spreads. It has a dedicated learning and research site with free courses and videos. This broker has top-tier licenses from the FSA, ASIC, and IIROC.

AvaTrade has many trading platforms for traders of all levels of experience. It has access to a straightforward proprietary platform with useful copy trading tools. AvaTrade is a top choice for new investors as it has many learning tools.


#5 Interactive Brokers: Best CFD Broker For Professionals

interactive-brokers-logo

Interactive Brokers is a top choice for professional investors as it has many premium tools. It is a secure broker with licenses from the FCA and SEC. Interactive Brokers offers a premium trading experience with industry-leading services.

This broker has professional platforms with impressive asset offerings and market research opportunities. Its mobile app provides access to premium research tools, including charting. The web and desktop platforms focus on professional investors.


#6 City Index: Low Forex Trading Fees

City Index provides a top copy trading experience and low-cost trading solutions. It has competitive spreads, straightforward platforms, and many research tools.

City Index is highly regulated with licenses from the MAS, FCA, and ASIC. We recommend it for traders of all levels of experience who want to improve their skills. 


Final Verdict

XTB, Plus500, eToro, AvaTrade, Interactive Brokers, and City Index are the best CFD brokers in 2021. XTB provides the best online trading experience for new investors, Plus500, as it has excellent tools and platforms and eToro is the leading social trading broker with an amazing online trading experience.

What is CFD trading?

CFDs were firstly used by hedge funds and asset managers. They were first traded on the London Stock Exchange in 1990. CFD trading depends on the performance of an underlying instrument. It represents an agreement between an investor and his broker that concludes after a specific period.

CFDs are speculative, which is why traders aim to predict whether an asset’s price will go up or down. Read our in-depth reviews for more information on CFD trading and online brokers.

How to pick a CFD broker?

Choosing a CFD broker is easy if you pay close attention to particular details. Our in-depth reviews provide useful information on the best CFD trading brokers in 2021.

Fees

Every brokerage firm has a particular fee structure. Some brokers charge higher commissions than others. Inactivity fees are worth taking into account. Most online brokers charge a fee for inactive accounts. Check our in-depth reviews to learn more about brokerage firms and fees.

Regulation

Secure online brokers contribute to an excellent online trading experience. Top-tier licenses ensure a broker has specific safety measures and follows the rules. Read our in-depth reviews to discover more about brokerage firms and top-tier licenses.

Customer Service

Customer service is an important part of online trading. Rapid and knowledgeable support is useful to all trades. Before selecting an online broker, you should verify its customer support channels.

Funding

Funding a brokerage account must be transparent and fast. Each brokerage firm has its specific deposit and withdrawal methods. Verify our in-depth reviews for more information on online brokers and funding methods.

Frequently Asked Questions

We review CFD brokers with real accounts and money. Our results depend on 105 criteria, including safety, fees, and assets.

Is It Safe To Trade CFDs?

CFD trading is highly volatile. Traders should know that most CFD traders lose money because they don’t do enough research and don’t follow a proven strategy. Learn more about CFD trading and brokers from our in-depth reviews.

Is CFD Trading Legal?

CFD trading is legal in most countries. There are some exceptions, including the USA, Brazil, Belgium, and Hong Kong. Residents of these countries can trade CFDs, but they need to choose a broker regulated outside their region. Read more about CFD brokers and licenses in our in-depth reviews.

Why are CFDs Banned In The US?

The Securities and Exchange Commission (SEC) was against OTC stock options because of their volatility. SEC states that leveraged trading comes with high risks and most traders lose money on CFD trading.


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

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