Skip to content
 

Best CFD Brokers for traders in 2024

*

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.

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 FSP and CMA regulated broker. They offer access to the industry leading MetaTrader platforms 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.

Capital.com

Minimum
deposit:
£20

Capital.com’s intuitive, user-friendly platform, round-the-clock support and seamless integration with MT4 and TradingView make it a worthy contender for beginner and experienced traders alike. The broker was voted ‘Best Spread Betting Provider’ at the Investors’ Chronicle 2023 Investment Awards and ‘Best CFD Provider (2023)’ at the Online Money Awards, and boasts an ‘Excellent’ Trustpilot rating.

80.84% of retail investor accounts lose money
IG

Minimum
deposit:
£0

Widely recognised as the largest broker of its kind for CFDs and Spreadbetting, IG has now expanded its services to include Equities and ETF trading. Their range of markets is wide reaching while both trading and share dealing costs are low. We really like their Smart Portfolio's which are ideal for inexperienced investors to gain exposure to the markets.

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.

71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Trade Nation Logo 2023

Minimum
deposit:
£0

Trade Nation offer something a little different for traders. You won't find research or educational tools - the emphasis is on trading, so pricing and fees can be kept low.

ActivTrades

Minimum
deposit:
£0

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 great option for beginners.

Tickmill

Minimum
deposit:
£100

Tickmill is an established, regulated broker. With a focus on platform technology, fast reliable trading and low costs, it is a good choice for the experienced high volume trader.

Offer: Open a trading account for futures & options and get reimbursed on all the platform costs and fees for 3 months
AvaTrade

Minimum
deposit:
€250

An AvaTrade account includes the powerful MT5 Platform that offers traders with over a 1,000 instruments to trade on.

For novices, there is a demo account and online video tutorials. Traders can also utilise their risk management tool, AvaProtectTM, available on their AvaTradeGO app

Accendo Markets

Minimum
deposit: 
£0

We've got to know the team over at Accendo Markets pretty well over the last few years. They always have time for their clients, whether that's welcoming them to their offices in Aldgate, or through their dedicated account management team over the telephone. If you are new to trading, they'll make sure you get the support you need at the outset. 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: 
$0

Interactive Brokers is one of the world’s leading futures brokers with the ability to offer direct market access to a range of securities. With previous personal experience of trading with this broker, The Armchair Trader knows that they offer excellent platform stability, an excellent 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 bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Over 70% of retail investor accounts lose money when trading spread bets and CFDs. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Looking for great investing ideas? Sign up to our free newsletter.

This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
CME Group
FP Markets
Pepperstone
TMX
WisdomTree
Back To Top