Here you will find our best contract for difference (CFD) trading platforms list, based on thousands of hours of extensive research, testing and analysis across hundreds of online CFD trading platforms. Upon conclusion of each of our broker reviews, the trading brokers team has assigned each platform with a rating, and displayed our best CFD trading platforms on this page.
FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF
Min $250 Deposit
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.
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.
|Large range of CFD instruments for trading online||No US clients|
|Award winning brokerage||Min $100 deposit|
|Multiple trading platforms|
|Free trading tools for analysing charts|
|Regulation by 6 authorities|
IG are included in our best CFD platforms list for continuously providing industry leading CFD trading services to clients from countries across the world, including traders located in the USA. Founded in 1974, the broker is regulated in multiple jurisdictions. Users can trade over 16,000 CFD instruments including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals and Energies. The broker offers low spreads, competitive fees, quick execution speeds and leveraged trading. There is a choice of different account type and funding options to suit different trader requirements.
IG clients get a choice of easy to use and advanced trading platforms for trading platforms. The platforms include the brokers proprietary IG trading platform, ProRealTime (PRT), L2 Dealer and the well-known MetaTrader 4 (MT4) platform. Each platform has a large selection of built-in trading tools to help assist traders with their daily market analysis. The platforms are available to use on desktop, web and mobile devices. Direct market access (DMA) is available for professional traders who would like to deal directly into the order books of major equity exchanges.
IG provide traders with a selection of useful trading tools that can be used to assist with trading decisions, keep up to date on market events with real time Reuters news and inform your trading with expert market analysis.
The IG Academy is a free resource on the brokers website that has a large collection of educational materials such as trading guides and videos to help clients with their trading activities. 24-hour client support can be reached via email, telephone or live chat. You can read our full IG Review to find out more.
|Regulated broker||No fixed spread accounts|
|CFD trading platforms for desktop, web & mobile devices||$250 minimum deposit|
|Tight spreads, low fees & fast execution speeds|
|Large range of 16,000+ CFD trading instruments|
|USA traders welcome|
|CFD trading tools to assist traders|
|Generous selection of CFD educational resources|
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 trading 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.
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.
|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|
XM Group are one of our best CFD trading platforms. 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.
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.
|No-requotes policy, tight spreads, low fees||No US clients|
|1,000+ CFD instruments||No fixed spread accounts|
|Sophisticated trading tools|
|Multiple account funding options|
|Min $5 deposit|
IC Markets deserve a place in our best CFD trading platforms list for many reasons. The broker is regulated and has been offering online CFD trading service for many years. Clients can trade over 230+ CFD instruments such as Forex, Stocks, Commodities & Cryptocurrencies, via easy to use trading platforms with tight spreads and competitive commission fees. Platforms include MetaTrader and cTrader, which are some of the best trading platforms available today.
The broker operates in an ECN trading environment with no dealing desk intervention between broker and traders. This means that your trades can be sent directly through to the markets with execution at the best available prices chosen from a liquidity pool of over 50+ liquidity providers (LPs).
In addition to innovative and industry leading trading technologies, IC Markets comprehensive CFD trading services also includes trading tools, educational materials, flexible account types and various account funding options. There is a multilingual support team on hand 24/5 via phone, chat and email. You can read our full IC Markets Review to find out more.
|230+ CFD trading instruments including Forex, Stocks, Commodities & Cryptocurrency||No US clients|
|ECN trading environment||No fixed spread accounts|
|Easy to use CFD trading platforms||Min $200 deposit|
|Regulated brokerage firm|
|Educational resources & trading tools|
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.
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 well-established within the online CFD brokerage industry, providing top CFD trading platforms to online CFD traders across the globe.
Following on from our best CFD trading platforms list, 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 online through one of their CFD trading platforms.