Best CFD Trading Platforms 2020

Here you will find our best contract for difference (CFD) trading platforms in 2020, based on thousands of hours of extensive research, testing and analysis across hundreds of online CFD trading platforms. Upon conclusion of each of our CFD broker reviews, the trading brokers team has assigned each CFD platform with a rating, and displayed our best CFD trading platforms on this page. Some of the most important factors that contribute towards a good CFD trading platform have been considered including the features, CFD trading instruments, tools, fees, speeds, ease of use, tutorials, customer service and more. Having the best CFD trading platforms based on our findings listed in one place can help online CFD traders save time when looking for the best CFD trading platforms according to their individual online CFD trading needs.

Top 3 CFD Trading Platforms 2020

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

ASIC, CySEC, IFSC

Min $5 Deposit

2009

1:880

Review Open Account Open Account
Terms & conditions apply
71.61% 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.
2.

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. 71% 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, FCA

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. 71.4% of Pepperstone Limited’s 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.
Each of our chosen best CFD trading platforms have undergone and passed our stringent CFD broker reviews with flying colours, based on what the trading brokers team consider to be amongst the most important considerations. These online CFD trading platforms are under strict regulation from some of the most respectable regulatory authorities and are well-established within the online CFD brokerage industry, providing top CFD trading platforms to online CFD traders across the globe.

1. XM Group

XM Group are one of our best CFD trading platform for 2020. This CFD platform offers a staggering 1,000+ CFD instruments so there is something for every type of trader. The CFDs they offer include forex, indices, commodities, stocks, cryptocurrencies (including popular choices such as Bitcoin, Litecoin, and Ripple XRP). This is a vast amount of CFDs when compared to any other online broker.

XM Group offer online CFD trading through some of the most popular CFD trading platforms including MetaTrader. They implement a no-requote policy to ensure that trades have minimal slippage and are executed at the best possible prices. The XM Zero account has the tightest spreads starting from just zero pips which can help to bring down overall CFD trading costs.

Best CFD Trading Platforms: XM Group Review

Best CFD Trading Platforms: XM Group Review

XM Group claim to have over 2.5 million clients from 196 countries across the globe. This makes them one of the largest CFD platforms in the world. They have strict regulation from 3 of the top regulatory authorities XM Group are authorised and regulated by the Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).

XM Group is well known as a transparent and client focused online CFD platform with trading conditions being of primary importance to them. They provide clients with an abundance of additional CFD trading tools for efficient analysis of different assets. They also have many convenient methods for account deposit and withdrawal including online payment processors such as Skrill and PayPal.

There are many more reasons why we consider XM Group as one of our best CFD platforms. You can read our full XM Group Review to find out more and to discover if they are a CFD platform that you would like to open a trading account with.

XM Group Pros/Cons
Pros Cons
No-requotes policy, tight spreads, low fees No US clients
1,000+ CFD instruments No fixed spread accounts
Strict regulation
Sophisticated trading tools
Multiple account funding options
Min $5 deposit

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
71.61% 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.

2. AvaTrade

AvaTrade is included in our best CFD trading platforms. They offer award winning online CFD trading services on a large variety of CFD instruments including forex, commodities, indices, ETFs, stocks, bonds, cryptocurrencies and more. Customer service is offered 24/5 with multi-lingual live support and a dedicated account manager.

AvaTrade give traders access to multiple free CFD trading platforms including the most popular and widely used MetaTrader 4 platform. This is a very user-friendly platform thus making online CFD trading easily accessible to traders of all experience levels. In addition to various CFD trading platforms, they also offer a good selection of trading tools and educational materials to assist with trading CFDs online.

Best CFD Trading Platforms: AvaTrade Review

Best CFD Trading Platforms: AvaTrade Review

AvaTrade have licenses from 6 regulatory authorities spanning 5 continents. Amongst these, they are authorised and regulated by the Australian Securities and Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). This strict regulation across multiple jurisdictions can give clients peace of mind that they are using a safe and secure CFD platform.

AvaTrade have one of the largest CFD platforms in the world providing online CFD trading to over 200,000 clients across the globe. There is a demo account option should you wish to practice before opening a real account. You can read our full AvaTrade Review to find out more about why we consider them to be one of our best CFD platforms for online trading.

AvaTrade Pros/Cons
Pros Cons
Large range of CFD instruments for trading online No US clients
Award winning brokerage Min $100 deposit
Multiple trading platforms
Educational materials
Free trading tools for analysing charts
Regulation by 6 authorities

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. 71% 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. Pepperstone

Australian based Pepperstone makes it into our best CFD trading platforms. They offer CFD trading on two of the best trading platforms, MetaTrader 4 and cTrader. You can trade CFDs through one account on multiple CFD platforms should you wish. This makes it useful should you wish to trade on the go using the web and mobile applications.

Despite primary focus on being a forex broker, Pepperstone offer a good selection of CFDs for trading online via their multi award winning CFD trading accounts with no dealing desk execution. They offer tight spreads, low fees and fast execution speeds. They are well known for providing innovative technology to traders around the world.

Pepperstone developed their CFD trading technology specifically for traders looking to execute large CFD orders with minimal slippage. They offer ultra-low latency execution from a deep pool of liquidity providers and no dealing desk interference. This makes them highly desirable to clients who need to trade large sizes on single ticket orders. They can handle multiple fills for sweeping large orders through multiple levels within their liquidity aggregator.

Best CFD Trading Platforms: Pepperstone Review

Best CFD Trading Platforms: Pepperstone Review

They provide online traders with 24-hour customer support and funding through multiple different methods including bank transfer, credit/debit card and online payment processors. Pepperstone are authorised and regulated by the Financial Conduct Authority (FCA) and the Australian Securities and Investment Commission (ASIC). This strict regulation helps to reassure client that they are using an established and respectable CFD platform.

We are proud to include the highly respected Pepperstone in our best CFD trading platforms list. You can read our detailed Pepperstone Review to find out more about the reasons why we consider them one of the best CFD platforms available to traders across the globe.

Pepperstone Pros/Cons
Pros Cons
Large order sizes No US clients
Ultra-low latency execution No fixed spread accounts
Deep pool of liquidity providers $200 minimum deposit
No dealing desk
Tight spreads & low fees
Strict regulation

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. 71.4% of Pepperstone Limited’s 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.

How did Trading Brokers choose our best CFD trading platforms?

Following on from our best CFD trading platforms of 2020, we will now look at what CFD trading platforms are used for and some of the most important factors to consider when looking for a reliable CFD trading platform.

What is an online CFD trading platform?

An online CFD trading platform allows traders to access different global markets for speculating on the price movements of various trading instruments without physically owning the underlying asset. This can include Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, ETFs and CFDs.

Best CFD Trading Platforms: Desktop, Web & Mobile Platforms

Best CFD Trading Platforms: Desktop, Web & Mobile Platforms

In the past, investors and traders would have had to go through an offline broker which meant that the markets were less accessible than they are today. As technology has improved over the years, there are now many online CFD brokerages to choose from. Anyone aspiring to be a successful trader can open a CFD trading account with an online broker and gain access to the brokers CFD trading platforms for online trading from anywhere in the world with an internet connection. Most brokers provide these platforms free of charge and for use on desktop and mobile devices.

Best CFD Trading Platforms: MetaTrader

Best CFD Trading Platforms: MetaTrader

Through a CFD trading platform you can view real time bid/ask prices of various assets and load charts that show the historical and current prices of chosen assets over multiple timeframes ranging from tick to yearly charts. You can add technical indicators to these charts to help identify potential trending and ranging market conditions. These indicators can provide trading signals and are often used as part of an overall trading strategy that involves technical, fundamental, sentiment and price action analysis. When you find a suitable trading opportunity, you can execute, manage and close your buy or sell position directly through the CFD platform.

What makes a good online CFD trading platform?

CFD trading platform regulation

When you choose an online CFD trading platform it is very important to ensure that the brokerage providing the platform is regulated by a respected government authority. The most respected regulatory authorities to look for include the Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the United Kingdom.

Investors have more protection when using a regulated CFD broker as they have to conduct business according to strict rules and regulations put in place to protect investors. If a broker claims to be regulated, you can verify this by checking the broker’s license number with the relevant authorities to ensure the regulation is legitimate and up to date.

CFD trading platform instruments

Each CFD broker will offer a range of different markets and CFD trading instruments to trade via their online CFD trading platforms. If you wish to trade a particular asset class such as forex, stocks, cryptos, etc, you should check whether the broker offers that market through its CFD platforms. It may also be wise to consider if you plan to diversify your investment portfolio in the future. If so, the more trading products and markets offered by the broker, the easier it could be to expand your portfolio when the time is right.

If you would like to trade particular CFDs then you should check that the broker has these amongst its selection of CFD trading instruments. Some brokers will only offer popular CFDs whereas others will offer a wider range of CFDs.

CFD trading platform tools

All CFD trading platforms come with a range of free built in trading tools to assist with your online CFD trading, helping to improve overall efficiency and performance. These can include technical indicators for analysing charts such as a moving average, MACD, Bollinger Bands, RSI, CCI and many more. Some platforms offer fundamental analysis tools such as built in economic calendars to efficiently keep track of the latest market news releases. They may also have trading calculators to help with planning your trades. The more advanced platforms will have depth of market (DOM) with level 2 pricing and sentiment tools that show how many traders are buying/selling a particular instrument.

If you require a specific set of trading tools or would like access to as many as possible, you should check what CFD trading platforms the broker offers along with the trading tools included. Some trading tools are stand alone and thus will not be incorporated into the CFD platforms but can still be very useful.

CFD trading platform fees

Most CFD brokers will provide traders with free online CFD trading platforms although there are some who charge monthly and volume-based fees, usually for specialised trading platforms that have specific features a professional investor may need. That being said, the free CFD platforms will most likely be sufficient enough for the average retail trader.

CFD trading platform commissions

In addition to potential fees for gaining access to the brokers CFD trading platforms, you should consider other online trading costs. Most online brokerages will charge a commission for placing trades in addition to the spread and overnight swap fee. These costs can vary significantly from broker to broker so it is important to consider the overall costs you will incur and the affect that will have on your money management.

CFD trading platform spreads

The spread is the difference between the buy and sell (bid/ask) price which can vary depending on the volume of liquidity and quality of liquidity providers that an online CFD broker has. Some CFD brokers offer fixed and variable spread accounts, some will offer commission free accounts but instead mark up the spread to make up for this. In general, the more liquidity that the broker has, the tighter the spreads can be. It is important to account for the spread when planning your trading strategy, especially if you are planning on using scalping strategy.

CFD trading platform swaps

If you hold a position with your CFD broker overnight then you will probably need to pay a swap fee. This is an interest fee for the procedure of moving open positions from one day to another, also known as the rollover. This is another cost to factor in to your money management planning. Some brokers offer swap free Islamic trading accounts that conform with Sharia law which allows Muslims to engage in online trading through their CFD platforms.

Other CFD trading platform fees

Along with CFD trading platform, spread, commission and swap fees, most online brokers will charge additional fees that should be checked and clearly understood. Other fees that are worth considering include withdrawal and inactivity fees.

CFD trading platform usability

If you are already familiar with a specific CFD trading platform then it could be a good idea to choose an online CFD broker that offers that platform. However, if you have yet to use a trading platform then it may be a good idea to start with a broker that offers a user-friendly CFD trading platform which has plenty of tutorials available to help you learn how to trade online. MetaTrader 4 (MT4) platform is often considered as one of the most intuitive and easy to use trading platforms which makes it a popular choice amongst new traders.

CFD trading platform leverage

Nearly all CFD brokers offer leveraged trading via their CFD platforms. Leverage basically means that you can open a position larger than you could without it. If for example you had leverage of 1:50 and a trading account balance of $1,000, you could effectively open a position size of $50,000 (1,000 x 50 = 50,000). Although leverage can increase profit potential, it also increases trading risk and thus, can lead to large losses. It is imperative that you have a thorough understanding of leverage and the significant risks involved before you start trading online. Check the broker offers a leverage that you require via your preferred CFD platform.

CFD trading platform education

Some brokers also provide traders with educational resources such as videos and trading guides to help them improve their trading knowledge and skills. They may include detailed tutorials on how to use trading platforms which could be helpful for those who are new to online trading and need help to familiarise themselves with the different CFD platforms available to them.

CFD trading platform minimum requirements

You will need to make sure that the CFD trading platform will run on your computer, VPS or mobile device by checking the specification requirements. Each CFD broker trading platform will have a minimum deposit requirement which is worth considering.

Trading platform funding

Each CFD broker will offer different options for making deposits and withdrawals to and from the trading platform. Most brokers accept bank wire transfers and credit/debit cards but some traders prefer online payment processors such as Skrill, PayPal, Neteller, etc. Ensure that the CFD platform supports your preferred method of funding your CFD trading account.

CFD trading platform customer service

If you have an issue with your CFD trading platform that you need help with, it is important that the broker has a prompt and efficient customer service team. Online chat is often the quickest way to speak with someone whilst other options include telephone and email. The more hours the CFD brokerage support team is available, the better. Some run 24/5 whilst others are available 24/7. You should also consider the brokers office locations as they may be in a different time zone to you which could affect the response time. Check that the broker has a method of contacting support that is most convenient for you and available in your language.

How to start trading CFDs online?

Now that you have had a brief overview of what CFD trading platforms are and what to look for, you may be considering opening a trading account with an online CFD broker to gain access to their CFD platforms. This can be a quick and easy process that requires completing an online registration form. Simply choose a CFD broker, follow the account opening process and you will be able to start trading CFD sonline through one of their CFD trading platforms. You may refer to our guides on how to choose a CFD broker and how to open a CFD trading account if you would like to learn more.

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

If you are still unsure which is the best CFD trading platform for you then you can use our free online broker comparison tool to quickly compare CFD brokers 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 forex brokers USA, best forex brokers UK, best forex brokers Australia, best forex brokers South Africa and best forex brokers Canada. There are also pages for our best stock brokers USA, best stock brokers UK, best stock brokers Australia, best stock brokers South Africa and best stock brokers Canada.