Intro and winners
Find below the best CFD brokers available in Eritrea, updated for 2023:
- XTB is the best CFD broker in Eritrea in 2023. - Commission-free stocks/ETFs for some. Free and fast deposit and withdrawal. Easy and fast account opening.
- Capital.com - Low forex CFD fees. Great account opening experience. Excellent email and chat support.
- ActivTrades - Low trading fees. Excellent account opening. Free deposit and withdrawal.
- MultiBank - Quick and easy account opening. Free and varied deposit and withdrawal options. Fast and helpful customer service.
- XM - Low stock CFD and withdrawal fees. Easy and fast account opening. Great educational tools.
- AvaTrade - Easy and fast account opening. Free deposit and withdrawal options. Great research tools.
- FxPro - Superb account opening process. Great customer service. Free deposit and withdrawal.
- HYCM - Low forex and CFD fees. Great educational content. User-friendly account opening.
- FBS - Low stock and stock index CFD fees and no inactivity fee. Easy and fast account opening. Excellent customer support & education.
- FXTM - Superb customer service. Great educational tools. Digital and fast account opening.
Best CFD brokers
Trust level of the best CFD brokers in Eritrea
Choosing a legit broker is the single most important step in anyone’s trading career. In the table below you can assess the trustworthiness of these brokers by checking the following information: regulation, foundation date, investor protection, and brokers' involvement in scandals.
| Broker | Top-tier regulators | Trusted broker |
|---|---|---|
| XTB | FCA in the UK | |
| Capital.com | FCA in the UK and ASIC in Australia | |
| ActivTrades | FCA in the UK FCA and CSSF in Luxembourg | |
| MultiBank | ASIC in Australia and BaFin in Germany | |
| XM | ASIC in Australia | |
| AvaTrade | CBI in Ireland and ASIC in Australia | |
| FxPro | FCA in the UK | |
| HYCM | FCA in the UK | |
| FBS | ASIC in Australia | |
| FXTM | FCA in the UK |
Best CFD brokers
Key features of the best CFD brokers
While many online CFD brokers and trading platforms offer an excellent service, the ones in our toplist go the extra mile.
| Broker | Negative balance protection for any product | Minimum deposit |
|---|---|---|
| XTB | $0 No minimum deposit for individual accounts but £15,000 for corporate accounts. | |
| Capital.com | $20 $20 minimum deposit for credit/debit cards and Apple Pay, and $250 minimum required for bank transfer | |
| ActivTrades | $0 There is no minimum deposit | |
| MultiBank | $50 $50 for Standard accounts, $1,000 for MultiBank Pro accounts, and $5,000 for ECN Pro accounts | |
| XM | $5 $5 minimum deposit for standard account, $100 for Zero account | |
| AvaTrade | $100 $100 minimum deposit for credit/debit cards, bank transfer and electronic wallets | |
| FxPro | $100 $100 minimum deposit | |
| HYCM | $100 $100 minimum deposit for Classic and Fixed accounts, $200 minimum deposit for Raw accounts | |
| FBS | $1.07 $/€ 100 minimum deposit for Standard account, $/€10 minimum deposit for Cent account, and $1 minimum deposit for crypto account | |
| FXTM | $50 The minimum deposit varies according to account types, e.g. it is $50 for Micro accounts, $500 for the Advantage account, $500 for Advantage Plus, etc. |
Popularity of the best CFD brokers in Eritrea
Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.
Best CFD brokers
Trading fees at the best CFD brokers
How much you have to pay for a trade in spreads, commissions and other trading costs is a key broker selection criteria. We calculated a benchmark fee for the most important CFD trading costs, which you can see in the table below. This is the total of how much you have to pay in spreads, commissions and other costs for a trade in each asset class.
| Broker | S&P 500 index CFD fee | Euro Stoxx 50 index CFD fee |
|---|---|---|
| XTB | $4.0 | $3.3 |
| Capital.com | $2.5 | $4.3 |
| ActivTrades | $2.4 | $1.4 |
| MultiBank | $1.2 | $1.9 |
| XM | $2.5 | $3.1 |
| AvaTrade | $2.6 | $2.0 |
| FxPro | $2.7 | $2.1 |
| HYCM | $1.7 | $0.8 |
| FBS | $1.6 | $2.3 |
| FXTM | $2.6 | $2.5 |
If you are unsure how brokerage fees work, check out this article on the various fees, charges and costs.
Best CFD brokers
Non-trading fees at the top CFD brokers
Non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.
| Broker | Account fee | Inactivity fee |
|---|---|---|
| XTB | No account fee | €10 per month after 1 year of trading inactivity and if no deposit was made in the last 90 days |
| Capital.com | No account fee | No inactivity fee |
| ActivTrades | No account fee | If the account is not used for over 1 year and there is a remaining balance, a fee of £10 per month will be charged |
| MultiBank | No account fee | 60 USD/month after 3 consecutive months of inactivity |
| XM | No account fee | $15 one-off maintenance fee after one year of inactivity, followed by $5 per month fee if the account remains inactive |
| AvaTrade | No account fee | $50 per quarter after 3 months of inactivity; after 12 straight months of non-use, a further annual administration fee of $100 is charged |
| FxPro | No account fee | $15 one-off account maintenance fee and $5 monthly fee after 6 months of inactivity |
| HYCM | No account fee | $10 each month after 90 days of inactivity |
| FBS | No account fee. | No inactivity fee |
| FXTM | No account fee | $5 per month after 6 months of inactivity |
Best CFD brokers
Product selection at the top CFD brokers
Check out what types of CFDs you can trade at the best CFD brokers and CFD trading platforms.
| Broker | Stock index CFD | Stock CFD |
|---|---|---|
| XTB | ||
| Capital.com | ||
| ActivTrades | ||
| MultiBank | ||
| XM | ||
| AvaTrade | ||
| FxPro | ||
| HYCM | ||
| FBS | ||
| FXTM |
And now, let's see the top CFD brokers in detail one by one, starting with the winner, XTB.
#1 Best CFD broker
XTB
Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service
| XTB snapshot | |
|---|---|
| Minimum deposit | $0 |
| Mobile app score | 4.4 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Paysafe, Skrill |
| Withdrawal methods | Bank transfer |
| Read review | For a detailed analysis of XTB services, check out our review for 2023 |
#2 Best CFD broker
Capital.com
Recommended for investors and cfd traders looking for a great trading platform and excellent customer service
| Capital.com snapshot | |
|---|---|
| Minimum deposit | $20 |
| Mobile app score | 4.9 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Apple Pay, PayPal |
| Withdrawal methods | Bank transfer, Credit/debit cards, Apple Pay, PayPal |
| Read review | For a detailed analysis of Capital.com services, check out our review for 2023 |
#3 Best CFD broker
ActivTrades
Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal conditions
| ActivTrades snapshot | |
|---|---|
| Minimum deposit | $0 |
| Mobile app score | 3.9 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Neteller, Skrill, AstroPay, Sofort |
| Withdrawal methods | Bank transfer, Credit/debit cards, Neteller, Skrill, AstroPay, Sofort |
| Read review | For a detailed analysis of ActivTrades services, check out our review for 2023 |
#4 Best CFD broker
MultiBank
Recommended for forex and cfd traders familiar with the metatrader trading platform
| MultiBank snapshot | |
|---|---|
| Minimum deposit | $50 |
| Mobile app score | 3.8 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Skrill, Neteller, UnionPay, PayTrust, SEPA, Bitcoin, AwePay, GlobePay, ThunderexPay, Poli, Pagsmile, Plus Wallets, Globepay, Gcash |
| Withdrawal methods | Bank transfer, Credit/debit cards, Skrill, Neteller, UnionPay, PayTrust, SEPA, Bitcoin, AwePay, GlobePay, ThunderexPay, Poli, Pagsmile, Plus Wallets, Globepay, Gcash |
| Read review | For a detailed analysis of MultiBank services, check out our review for 2023 |
#5 Best CFD broker
XM
Recommended for forex and cfd traders who prefer metatrader platforms and seek great account opening
| XM snapshot | |
|---|---|
| Minimum deposit | $5 |
| Mobile app score | 3.8 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Skrill, Neteller for withdrawal, Sticpay for Deposit (under IFSC) |
| Withdrawal methods | Bank transfer, Credit/debit cards, Skrill, Neteller for withdrawal, Sticpay for Deposit (under IFSC) |
| Read review | For a detailed analysis of XM services, check out our review for 2023 |
#6 Best CFD broker
AvaTrade
Recommended for forex and cfd traders looking for an option to use metatrader platforms
| AvaTrade snapshot | |
|---|---|
| Minimum deposit | $100 |
| Mobile app score | 4.7 stars |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal, Neteller, Skrill, Klarna, Webmoney, POLi, Boleto, Perfect Money |
| Withdrawal methods | Bank transfer, Credit/debit cards, PayPal, Neteller, Skrill, Klarna, Webmoney, POLi, Boleto, Perfect Money |
| Read review | For a detailed analysis of AvaTrade services, check out our review for 2023 |
#7 Best CFD broker
FxPro
Recommended for forex and cfd traders looking for a broker with great account opening and familiar with metatrader platform
| FxPro snapshot | |
|---|---|
| Minimum deposit | $100 |
| Mobile app score | 4.3 stars |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, UnionPay |
| Withdrawal methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, UnionPay |
| Read review | For a detailed analysis of FxPro services, check out our review for 2023 |
#8 Best CFD broker
HYCM
Recommended for forex and cfd traders who prefer the metatrader platform
| HYCM snapshot | |
|---|---|
| Minimum deposit | $100 |
| Mobile app score | 4.3 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Skrill, Neteller, WebMoney |
| Withdrawal methods | Bank transfer, Credit/debit cards, Skrill, Neteller, WebMoney |
| Read review | For a detailed analysis of HYCM services, check out our review for 2023 |
#9 Best CFD broker
FBS
Recommended for investors and cfd traders familiar with the metatrader trading platforms
| FBS snapshot | |
|---|---|
| Minimum deposit | $1.07 |
| Mobile app score | 4.3 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Skrill, Neteller, Rapid |
| Withdrawal methods | Bank transfer, Credit/debit cards, Skrill, Neteller, Rapid |
| Read review | For a detailed analysis of FBS services, check out our review for 2023 |
#10 Best CFD broker
FXTM
Recommended for forex traders familiar with the metatrader platform
| FXTM snapshot | |
|---|---|
| Minimum deposit | $50 |
| Mobile app score | 3.8 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Skrill/Moneybookers, Neteller, Western Union Quick Pay, Dotpay, Bitcoin via Skrill, PayPal |
| Withdrawal methods | Bank transfer, Credit/debit cards, Skrill/Moneybookers, Neteller, Western Union Quick Pay, Dotpay, Bitcoin via Skrill, PayPal |
| Read review | For a detailed analysis of FXTM services, check out our review for 2023 |
Best CFD brokers
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Best CFD brokers
How did BrokerChooser select the best CFD brokers?
- We checked whether the broker is regulated by a trusted regulator,
- Compared fees (including spreads, withdrawal fee, commission),
- Specifically compared CFD fees,
- Checked minimum deposit requirements,
- Looked at the range of CFDs available,
- Opened an account and tested the platform (charting, features, usability) with real money.
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.
Best CFD brokers
FAQ
What is CFD trading?
CFDs, short for Contracts for Difference, are derivative products used to speculate on the price movements of a wide range of underlying assets. A CFD is a contract between two parties under which the seller pays the buyer the difference between the current value of an asset and its value at the time the contract is due.
When trading CFDs, you speculate on whether the price of a financial asset (i.e. stock, bond, commodity, etc.) will go up or down, without actually buying the asset itself. Instead of buying a Vodafone stock, at a CFD broker you will bet on the direction you think the Vodafone stock will go. If your bet is right, you will make profit on your CFD trade.
CFDs are leveraged products meaning that you trade with your own money and the money you borrow from your broker. This makes CFD trading extremely risky and not suitable for beginners. A very high percentage of retail traders lose money when trading CFDs.
CFD trading is illegal in the U.S. However, if you open an account at a European broker, you will be able to trade CFDs on U.S. assets.
To better understand CFDs and the risk involved, read this article on CFD trading tips compiled by our team of experts.
Can CFD trading be profitable?
Yes, CFD trading can be profitable and investors may make handsome profits when trading these products. Nevertheless, CFDs are very risky instruments, especially because they are leveraged products. Leverage refers to the loan extended by the broker, which allows you to invest a much larger amount of money. Over three quarters of retail trading accounts lose money when trading CFDs. CFDs are by no means a guarantee for getting rich overnight.
Are CFDs good for beginners?
CFDs are high risk instruments and are not recommended for beginners. CFDs are very risky because they are leveraged products. Leverage in this case means that you trade with your own money and the funds your broker lends you. While you can open much larger positions this way, you can magnify your profits and your losses. CFDs are widely used by experienced traders with a deep understanding of financial markets and investment strategies. If you are an absolute beginner, it makes sense to open a demo account and do a lot of research. Data shows that over three quarters of retail trading accounts lose money when trading CFDs.
Which broker is best for CFD trading?
These are the top CFD brokers in the world in 2023:
- XTB - Commission-free stocks/ETFs for some. Free and fast deposit and withdrawal. Easy and fast account opening.
- Capital.com - Low forex CFD fees. Great account opening experience. Excellent email and chat support.
- ActivTrades - Low trading fees. Excellent account opening. Free deposit and withdrawal.
- MultiBank - Quick and easy account opening. Free and varied deposit and withdrawal options. Fast and helpful customer service.
- XM - Low stock CFD and withdrawal fees. Easy and fast account opening. Great educational tools.
- AvaTrade - Easy and fast account opening. Free deposit and withdrawal options. Great research tools.
- FxPro - Superb account opening process. Great customer service. Free deposit and withdrawal.
- HYCM - Low forex and CFD fees. Great educational content. User-friendly account opening.
- FBS - Low stock and stock index CFD fees and no inactivity fee. Easy and fast account opening. Excellent customer support & education.
- FXTM - Superb customer service. Great educational tools. Digital and fast account opening.
Want to understand CFD trading in more detail?
Check out these articles written by our broker and trading experts:
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