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Home » Features » Best CFD Brokers for traders in 2022

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 BrokerThe Armchair Trader says:
Pepperstone

Minimum
deposit: £100

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 logo

Minimum
deposit: $100

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

Minimum
deposit: £1000

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

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
Saxo Markets

Minimum
deposit: £1500

Saxo Markets are a trusted brand that sit at the forefront of fintech advancement. Their platforms are simple to use and possess powerful features designed to appeal to a wide range of experience. A good all-rounder.
AvaTrade

Minimum
deposit: £100

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

Minimum
deposit: £0

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

Minimum
deposit: $2000

Interactive Brokers is one of the world’s leading futures brokers with the ability to offer direct market access to a range of securities.  The broker offers excellent platform stability, an excellent range of markets, and solid customer support.
Admiral Markets
Minimum
deposit: $100
Regulated by the ASIC, FCA, EFSA and CySEC with 20 offices around the world, Admiral Markets provides access to over 3,500 financial instruments through the powerful MT4 and MT5 platforms.
ETX Capital

Minimum
deposit: £200

FxPro provide a solid range of markets, covering all of the most popular choices. This range will easily cater for the needs of the majority of traders.
TigerWit

Minimum
deposit: $200

TigerWit is a new and bold entrant to the industry. They are leading the technology race amongst CFD providers with their use of blockchain to improve security, efficiency and transparency.

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.

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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, or 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 your broker offers one of the best CFD brokers available 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 Contracts for Difference 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.

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.

This article is not investment advice. Investors should do their own research or consult a professional advisor.

Michael Morton

Michael Morton

Michael has worked within the Financial Industry for more than 20 years. Starting out as a financial analyst, he has extensive experience working with fund management groups and brokerages.

With an interest in Stocks and Shares, Funds, ETFs and Commodities, his investment focus is medium to long term gains, with the objective of financial security on retirement, and building wealth for his young children for their adult life. His broker of choice is Hargreaves Lansdown.

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