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Best CFD Brokers for traders in 2024

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We’ve put together this list of what we feel are the best CFD brokers currently available. Each broker has been carefully chosen to offer a range of services and features, designed to help you choose the broker that best suits your trading needs.

We will only include reputable companies on the site – each of the CFD brokers featured here are authorised and regulated by a respected international regulatory body.

Choose from our selection of the best CFD brokers

You’ll find a full review of each broker and our opinion on the services and features they offer. To visit the broker website, choose the ‘Apply’ link.

CFD Brokers The Armchair Trader says:

Pepperstone

Minimum
deposit: £0

With a strong focus on the trading experience, industry leading technology, low costs and award-winning client support, we feel that Pepperstone is a good option for the more established high volume day trader.

FP Markets

Minimum
deposit: $100

FP Markets is an established ASIC, CySEC and FSP regulated broker. They offer access to the industry leading MetaTrader platforms. There’s a copy trading service and they provide pricing directly from the market. That means fast execution and transparent pricing. A 24/7 multilingual client support service has won recognition through the highly respected Investment Trends awards..

Capital.com

Minimum
deposit: £20

Capital.com’s easy-to-use platform, first-rate client support, and seamless integration with MT4 and TradingView make it a worthy contender for beginner and experienced CFD traders alike. Capital.com’s awards include ‘Best CFD Provider (2023)’ at the Online Money Awards, with the broker boasting an ‘Excellent’ Trustpilot rating.

84.01% of retail investor accounts lose money.

Minimum
deposit: £100

Tickmill is an FCA regulated broker offering CFDs and Futures with a focus on platform technology, fast reliable trading and low costs. Signals and sentiment tools make this broker a good choice for a wide range of traders.
Offer: Open a trading account for futures & options and get reimbursed on all the platform costs and fees for 3 months

IG

Minimum
deposit: £0

With deeper pockets to invest in their services than most brokers, IG’s platform suite and trading support tend to lead the way. IG is a good all-rounder for novice through to experienced traders and investors.

69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

Trade Nation Logo 2023

Minimum
deposit: £0

Formerly Core Spreads, Trade Nation has been trading since 2019. The broker is focussed on transparency for its clients by providing competitive, fixed spreads on a range of markets. A commitment to customer service means this broker is a good choice for new traders

ActivTrades

Minimum
deposit: £0

Founded in 2001 and regulated by the FCA, ActivTrades platform is simple to use. There is an emphasis on risk management tools and competitive spreads. Clients can trade from as little as 10p per point making it a good option for beginners.

eToro

Minimum
deposit: $200

Social trading offers beginners an opportunity to watch the behaviour of more experienced traders and interact with them. Financial markets are driven by volume and eToro offer you the chance to be a part of a 5million+ trading community.

AvaTrade

Minimum
deposit: £100

An AvaTrade account includes the powerful MT4 Platform. It offers experienced traders with plenty of flexibility. Autochartist is a great tool and is included with deposits of over $500.

Accendo Markets

Minimum
deposit: £0

If you are looking for a knowledgeable, personal service from your CFD broker, you won’t go wrong with the Accendo Markets team.

Interactive Brokers

Minimum
deposit: $0

Interactive Brokers is one of the world’s leading futures brokers. They offer direct market access to a range of securities. The broker offers excellent platform stability, huge range of markets, and solid customer support.

The Armchair Trader is paid for by our partners through clicks, views and advertorials. So if you open an account through a link on the site, we may receive a fee for providing the introduction. This fee will in no way be passed on to you from our partners.


How do I choose from the best CFD brokers?

If you are new to trading Contracts for difference, we offer a variety of free resources that you can use to help you select the best CFD brokers and meet your personal trading needs.

We suggest that you start with the basics.

Ask yourself these important questions in order to find the best CFD brokers to suit your needs.

  • Do you need Educational tools to support your learning?
  • Are you able to check out the platform before you deposit funds using a demo account?
  • How regularly are you expecting to trade and what length of time will these transactions be open for? What are the costs involved to trade or hold positions overnight?
  • Does your broker offer access to the range of markets you’ll need?
  • Is it important for you to trade directly with the market through Direct Market Access or DMA? Alternatively, are you happy to trade on pricing provided by your broker?
  • Is your broker regulated by a respected global authority such as the FCA, SEC, ASIC, BaFIN or similar?

Remember, Contracts for Difference are leveraged products which means any trades you make are magnified, whether they are winning trades or losing trades.

It doesn’t matter if you trade with is one of the best CFD brokers available. Your risk is much higher if your understanding of the product isn’t at the level it needs to be. It is important that you have a trading strategy in place and that you understand leverage before you begin to trade with real money.

Opening a CFD trading account

The majority of CFD brokers offer demo accounts, providing traders with the chance to test out their platform before they commit real money.

We strongly suggest that you give your chosen platform a test drive before you begin trading for real.

Muslims are typically advised to open Islamic accounts that practice Shariah principles. These Islamic accounts, also known as swap-free accounts, are halal trading accounts in which interest is not accumulated, collected or paid. These accounts do not make use of futures and forward contracts. All transactions (including the transaction cost) take place without any delay. You can read our thoughts on whether trading is Halal or Haram and explore the selection of regulated brokers we’ve compiled that offer permissable accounts.

Before you start looking at brokers, download our free guide to choosing your CFD broker. It will give you a fantastic insight into how Contracts for Difference brokers operate and how you can use this to choose the broker that best fits with your trading objectives.

Spread betting and 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 understand how CFDs work and whether you can afford to take the high risk of losing your money. Please note that % may be changing every quarter depending how this number looked in the previous period.

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This article does not constitute investment advice. Do your own research or consult a professional advisor.

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