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Best CFD Brokers and Trading Platforms in 2024
Written By
Michael MacKenzie
Edited By
William Berg
Updated
Oct 4, 2024
Explore our carefully selected list of top-rated CFD brokers and trading platforms. Each provider has undergone rigorous testing by our expert research team, ensuring they meet strict standards for reliability, performance, and trustworthiness.
Top 10 CFD Brokers
As of October 2024, we have reviewed 267 brokers and our hands-on tests show that these are the 10 top CFD brokers:
Click a broker for details
Here is a summary of why we recommend these brokers:
- 1. AMARKETS TRADING – Amarkets Trading 1250+ leveraged CFD products span a wide range of asset classes including stocks, indices, commodities, bonds, crypto, and ETFs. You can speculate on underlying assets in the broker’s feature-rich web and mobile platforms with market-leading research tools to help discover opportunities.
- 2. FX GLORY – FX Glory offers trading services with features like MT4/MT5 platforms, various account types, and competitive spreads starting from 1.0 pips. Traders might consider this broker for their relatively low minimum deposit requirements, multiple trading instruments including forex, commodities, and CFDs, and educational resources for beginners.
- 3. FRESH FOREX – FreshForex, established in 2004, offers trading with low minimum deposits starting from $1 and competitive spreads from 0.1 pips across MT4/MT5 platforms. The broker provides various account types (Classic, Market Pro, ECN), high leverage up to 1:2000, and access to multiple trading instruments including forex, metals, CFDs, and cryptocurrencies. While they feature attractive trading conditions and fast withdrawals, traders should note their offshore regulation status when considering their services..
- 4. Deriv.com – You can trade CFDs on popular markets, including the broker's exclusive synthetic indices which are available 24/7. There are plenty of charting tools available for technical traders, including over 20 indicators in the Deriv Trader platform. New users can also open an account and start trading CFDs instantly.
- 5. JUST MARKET – JustMarkets, founded in 2012, operates as an international forex and CFD broker offering trading through MT4/MT5 platforms with spreads starting from 0.0 pips and leverage up to 1:1000. The broker provides competitive trading conditions with a low minimum deposit of $100, multiple account types, and access to various instruments including forex, commodities, indices, and cryptocurrencies. While they feature copy trading and educational resources, traders should note they operate under IFSC Belize regulation and carefully consider this offshore regulatory status when choosing their services.
- 6. ROBO FOREX – RoboForex, established in 2009, provides multi-asset trading services through MT4, MT5, R WebTrader, and cTrader platforms with a low minimum deposit starting from $10. The broker offers competitive spreads, high leverage up to 1:2000, and access to diverse trading instruments including forex, stocks, cryptocurrencies, metals, and indices. While they feature copy trading options and comprehensive educational resources, traders should note their FSC Belize regulation status and carefully consider risk management when using their high leverage options.
- 7. MARKET4YOU – Market4you (also known as Market 4 You) is a forex broker offering trading services through MT4 platform with accounts starting from a $10 minimum deposit and leverage up to 1:500. The broker provides access to forex pairs, metals, CFDs, and indices with competitive spreads. While they offer multiple account types and copy trading features, traders should exercise caution due to limited regulatory oversight and verify withdrawal policies before depositing funds.
- 8. FIREWOODFX – FirewoodFX, founded in 2015, is a forex broker registered in Saint Vincent and the Grenadines, offering trading via MT4 platform with a minimum deposit of $25. The broker provides competitive spreads starting from 0.7 pips, leverage up to 1:1000, and access to forex pairs, metals, indices, and commodities
- 9. HEADWAY – Headway Capital Markets is a forex and CFD broker operating under IFSC Belize regulation, offering trading through MT4/MT5 platforms with spreads from 0.0 pips and leverage up to 1:500. The broker provides various account types starting from a $100 minimum deposit and access to multiple instruments including forex, stocks, indices, commodities, and cryptocurrencies.
- 10. FBS – FBS, established in 2009, is an internationally recognized forex broker regulated by CySEC and ASIC, serving over 23 million traders worldwide. The broker offers trading through MT4/MT5 platforms with ultra-low minimum deposits starting from $1, leverage up to 1:3000 (varies by region), and competitive spreads from 0.1 pips.
Best CFD Brokers and Trading Platforms in 2024 Comparison
“AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit.”
Jemma Grist, Reviewer
AvaTrade
Our recommended platforms offer low day trading fees, an evaluation we make year-on-year by recording and comparing trading and non-trading fees.
AvaTrade Quick Facts
|
Bonus Offer |
20% Welcome Bonus up to $10,000
|
|
FTSE Spread |
0.5
|
|
GBPUSD Spread |
1.5
|
|
Stocks Spread |
0.13
|
|
Leverage |
1:30 (Retail) 1:400 (Pro)
|
|
Regulator |
ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFM
|
|
Platforms |
WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
|
|
Account Currencies |
USD, EUR, GBP, CAD, AUD
|
Pros
- The broker’s unique risk management tool, AvaProtect, protects against losses up to $1 million and is easy to activate in the platform
- Day traders can access stable spreads and zero commissions with no hidden fees
- WebTrader is well-suited to beginners and features a strong suite of technical analysis tools and market research for day traders
Cons
- A high $2000 minimum investment is required to use DupliTrade, which will be out of reach for many beginners
- There is no ECN account with raw spreads
- Traders from the US are not accepted
IC Markets Review
IC Markets
“IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders.”
Christian Harris, Reviewer
IC Markets Quick Facts
|
FTSE Spread |
1.0
|
|
GBPUSD Spread |
0.23 |
|
Stocks Spread |
0.02 |
|
Leverage |
1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) |
|
Regulator |
ASIC, CySEC, FSA, CMA
|
|
Platforms |
MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade |
|
Account Currencies |
USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
|
Pros
- After bolstering its roster in 2021, Eightcap offers one of the most extensive selections of cryptocurrency CFDs in the market, with crypto/fiat pairs, crypto/crypto pairs, plus crypto indices for broader exposure to the market.
- Eightcap stands out with a selection of powerful trading tools and resources, including MT4 and MT5, the innovative algorithmic trading platform Capitalise.ai, and more recently the 50-million strong social trading network TradingView.
- With tight spreads from 0 pips, low commission fees, and high leverage up to 1:500 for certain clients, Eightcap provides cost-effective and flexible trading conditions that can accommodate an array of strategies, including day trading and scalping.
Cons
- The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode.
- In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders.
- Eightcap needs to continue bolstering its suite of instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.
IC Markets Review
Exness
“Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software.”
Tobias Robinson, Reviewer
Exness Quick Facts
|
FTSE Spread |
15.1
|
|
GBPUSD Spread |
0.1 |
|
Stocks Spread |
0.7 |
|
Leverage |
1:2000 |
|
Regulator |
FSA, CySEC, FCA, FSCA, FSC, CBCS, CNMV, KNF, AFM |
|
Platforms |
Exness Trade App, MT4, MT5, TradingCentral |
|
Account Currencies |
USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR, KRW, MXN, KES, CNY |
Pros
- Exness is the first brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes
- The broker offers fast execution speeds for short-term traders, averaging under 25ms
- Top-tier licensing with the FCA and CySEC and a strong reputation with over 10 years in business
Cons
- There are several regional restrictions for retail traders including the USA, Europe and the UK
- There are no promotional deals or loyalty schemes for high-volume day traders
- Unlike most competitors, Exness doesn't provide its own education section
IC Markets Review
How To Choose A CFD Broker
CFD trading offers high potential returns but also carries significant risks, with numerous online brokers providing these services. Before choosing a broker, it’s crucial to evaluate key factors including regulation status, trading conditions, platform reliability, and fee structures to find a trustworthy provider that matches your trading strategy. Our thorough assessment helps you identify reputable CFD brokers offering competitive terms while maintaining strong security standards.
Trust
The most important consideration is choosing a trusted CFD broker.
Choosing an untrustworthy broker puts your capital at serious risk of loss through fraudulent activities or company defaults. The 2023 EverFX case highlighted these dangers, where a supposedly legitimate CFD broker deceived clients by transferring their funds to high-risk, unregulated operations, leaving investors without regulatory protection or means to recover their money.
A broker’s trustworthiness is best validated by regulation from prestigious financial authorities such as FCA (UK), ASIC (Australia), or CySEC (Cyprus), as these regulators enforce strict standards for client fund protection, operational transparency, and fair trading practices.
We thoroughly examine each CFD broker’s regulatory licenses for authenticity and conduct extensive testing to identify any questionable practices. Our experienced research team’s recommendations are based on rigorous evaluation processes, drawing from years of broker assessment expertise to ensure we only endorse trustworthy providers.