Best CFD Trading Accounts 2020

If you are looking to trade contract for differences (CFDs) online then you will need to open a CFD trading account with a CFD broker. There are many good CFD brokers to choose from that offer a variety of CFD trading accounts. It can therefore be difficult to decide which is the best CFD trading account for you.

Some of the important things to consider before choosing a CFD trading account are the brokers fees, regulation, execution model, trading platforms, educational resources, trading tools, customer service and CFDs available to trade.

The trading brokers review team have studied and analysed thousands of CFD trading accounts across hundreds of CFD brokers to save you time and help find the right one for you.

Min $250 Deposit

IG offer traders around the globe over 16,000+ markets including Forex & CFDs. They have a good selection of trading platforms, tools & educational resources. Spreads are tight, commission is low & execution speeds are fast. IG are also regulated in many countries including FCA, ASIC & NFA regulation.

Terms & conditions apply
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. 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.

Top 5 CFD Trading Accounts 2020

Broker
Rating
Regulated
Min. Deposit
Founded
Max. Leverage
1.

FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF

Min $250 Deposit

1974

1:200

Review Open Account Open Account
Terms & conditions apply
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. 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.
2.

ASIC, FCA, DFSA, SCB

Min $200 Deposit

2010

1:500

Review Open Account Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3.

ASIC, CySEC, IFSC

Min $5 Deposit

2009

1:880

Review Open Account Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4.

ASIC, BVI, CBI, FFAJ, FSA, FSCA

Min $100 Deposit

2006

1:400

Review Open Account Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
5.

ASIC

Min $200 Deposit

2007

1:500

Review Open Account Open Account
Terms & conditions apply
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.
We have chosen these CFD brokers as our top choices for passing our extensive analysis and research which showed that they offer some of the best CFD trading accounts for CFD traders of all experience levels, investment sizes and individual requirements.

1. IG

IG offer traders around the globe over 16,000+ markets including Forex & CFDs. They have a good selection of trading platforms, tools & educational resources. Spreads are tight, commission is low & execution speeds are fast. IG are also regulated in many countries including FCA, ASIC & NFA regulation.

Terms & conditions apply
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. 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.

2. Pepperstone

Pepperstone is one of the largest trading brokers providing traders worldwide access to trade across all markets with cutting edge technology, low cost spreads, low-latency high speed execution and award-winning customer service.

Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

3. XM Group

XM Group is a multi-award winning globally established and regulated trading broker with over 2.5m clients from 196 countries offering no-requotes, low spreads, fast execution and negative balance protection.

Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

4. AvaTrade

AvaTrade is an award-winning trading broker with regulation in 6 jurisdictions offering 250+ trading instruments across multiple markets and trading platforms.

Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

5. IC Markets

IC Markets is the world’s largest true ECN trading broker offering over 230 trading instruments across multiple markets on the most popular trading platforms, delivering low spreads and high liquidity for fast trade execution.

Terms & conditions apply
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.
Best CFD Trading Accounts

Best CFD Trading Accounts

What is a CFD trading account?

An online CFD trading account is an account where you can deposit funds for the purpose of investing in CFDs. When you have a CFD trading account with an online CFD brokerage, you can use their trading platforms to buy and sell various asset classes such as stocks, forex currency pairs, cryptocurrencies, commodities, precious metals, energies and more.

What makes a good CFD trading account?

Most CFD brokers will offer a variety of CFD account types to cater to the different needs and investment sizes of CFD traders. Whether you’re looking to invest for the long term or buy and sell CFDs regularly, you can find a CFD broker that provides your ideal account. Some of the key features to consider when looking for the best CFD trading account for you include:

Broker regulation

One of the most important things to look for is that the CFD trading account is offered with a CFD brokerage firm that is regulated. A regulated CFD broker can give investors certain protections that an unregulated CFD broker cannot.

Minimum CFD trading account deposit

Each CFD trading account will have a minimum investment size required to open the account. Some CFD brokers offer accounts from just $1 whereas other specialised account types can require much larger deposits of $500+.

CFD trading account leverage

A leveraged CFD trading account allows you to trade with a larger position size than you would be able to without leverage. Whilst this can also increase potential profits, it can also significantly increase risks. You should make sure that you have a clear understanding of how leverage works and only open a CFD trading account with a leverage that you feel comfortable with.

CFD trading platforms

If you are familiar with a particular CFD trading platform then you may want to make sure the CFD account type offers that platform. If you are new to online CFD trading then you may wish to consider a CFD trading platform that is user friendly such as the popular MetaTrader platforms which are provided by most CFD brokers. The trading brokers review team have compiled a list of our best MetaTrader brokers. Some investors may wish to use a social trading platform so if you do, check that this is available before you open a CFD trading account.

CFD trading tools

When you are looking to trade CFDs online, you are likely to need some tools to analyse the various markets. This can include technical indicators, fundamental tools such as economic calendars and sentiment analysis, trading calculators, Trading Central, etc. The more tools a CFD account has, the more detailed market analysis you will be able to conduct. If there is a particular tool that you cannot trade without, it may be worth making sure that it is available on your chosen CFD account.

CFDs available to trade online

Some brokers offer the same CFDs for trading across all account types whereas others have a different selection depending on the account. You will want to make sure that the CFD trading account that you are considering has all of the CFDs that you would like to trade online now and in the future.

CFD account commission

When you trade CFDs online you will usually need to pay a commission fee to the CFD broker for entering and/or exiting your positions. Check the commission on each CFD trading account and consider how it will affect your money management and if it is a charge that you are happy with.

CFD account spreads

When you are trading CFDs online, you may need to pay a spread for each position that you take. The spread is the difference between the bid and ask prices of the CFDs. Some CFD brokers offer fixed spread and variable spread accounts. You should make sure that the spread type and size is suitable for your CFD trading strategy. E.g. CFD traders who use scalping strategies usually require low spreads whereas swing traders may not be so concerned with the spreads.

CFD account fees

In addition to the commission and spreads, CFD trading accounts can incur other fees that you should be aware of and clarify with your CFD broker if need be. Other CFD trading fees can include rollover/swap, account inactivity fees and deposit/withdrawal fees. If you are looking to save on trading costs as much as possible, you can take a look at our best discount brokers.

CFD account funding options

The CFD trading accounts provided by brokers will support different methods to make deposits and withdrawals to and from your account. Common payment options include bank wire, credit/debit card and online payment processors such as PayPal, Skrill and Neteller. You should check that the CFD brokers accounts support those methods that are most convenient to you, considering how long each can take and the costs that may be involved.

Trade execution

Brokers can have different execution models on each CFD account type. Some CFD brokers utilise an STP/ECN model with no-dealing desk (NDD) interference and thus no conflict of interest between broker and traders. Others will incorporate a market maker model which means that they take the opposite side of the trade. You should consider what execution type you would prefer and choose the relevant trading account type.

Liquidity providers

Most CFD brokers use a combination of liquidity providers (LPs) such as banks and funds. This is where they get their price quotes from. Usually, the more LPs that a CFD broker has, the better the prices they can offer to CFD traders are.

Position size

Some CFD accounts have minimum and maximum position sizes. You should check that the account type you are considering supports the position sizes you plan to use now and in the future.

Educational resources

It can be beneficial especially for beginners to opt for a CFD broker that has a trader’s academy with a selection of CFD trading guides, tutorial videos and webinars. These can help to familiarise users with the difference between the CFD trading account types provided. If you are new to trading online and would like as many educational resources as possible, you may wish to take a look at our best brokers for beginners.

Best CFD Trading Accounts: Open A CFD Account

Best CFD Trading Accounts: Open A CFD Account

Opening a CFD trading account

Opening a CFD trading account requires that you provide your chosen CFD brokerage with some personal information which will usually include your contact details, proof of identity and address confirmation. This is a normal part of know your customer (KYC) procedures to ensure that brokers are compliant with anti-money laundering (AML) policies. Some brokers will ask for details about your financial experience which is just to make sure that their CFD trading services are suitable for you.

Once your trading account has been verified which can be within the same day, you are able to make a deposit and trade CFDs online. Different CFD brokers may have different requirements depending on the jurisdiction and how its business operates. Simply choose a CFD broker and CFD trading account that meets your needs, follow the account opening process and you will be able to start trading CFDs online.

Need help choosing from the best CFD trading accounts in 2020?

If you are still unsure which is the best CFD trading account for you then you can use our free online broker comparison tool to quickly compare CFD accounts based on trading platforms, trading instruments, minimum deposit, regulations, leverage, funding options and more. You can also read our broker reviews and choose from our best brokers that we have conveniently categorised into the best online brokers, best forex brokers, best stock brokers, best CFD brokers, best crypto brokers, best trading platforms, best social trading platforms and best trading apps. If you would like to look for the best trading brokers in a particular country, we have pages dedicated to our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa and best brokers Canada.