Best CFD brokers in Haiti in 2020

To find the best CFD broker in Haiti for 2020, we went ahead and did the research for you. After testing, analyzing and comparing 67 quality online brokers, we arrived at our top 5 in Haiti. We show you our list, you pick your winner. And now, without further ado...

The top 5 picks for the best CFD brokers of 2020 for citizens in Haiti:

1. XTB is the best CFD broker in Haiti in 2020. Low forex and stock index CFD fees. Free and fast deposit and withdrawal. Easy and fast account opening.
2. XM is number two. Low CFD and withdrawal fees. Easy and fast account opening. Great educational tools.
3. ATFX is third. Low fees. Fast and easy account opening. Multiple deposit and withdrawal options for free.
4. FP Markets, in fourth place. Low forex fees. Easy and fast account opening. Quick deposit and withdrawal.
5. Number five is AvaTrade. Easy and fast account opening. Free and multiple deposit and withdrawal options. Great research tools.

What makes a good CFD broker? First of all, they need to offer fair fees and have a good safety score. It must also be easy to open an account and deposit money. They should provide access to many products and have a great platform.

That's easy to list, but harder to figure out. We test brokers along close to 300 criteria with real accounts and real money. We know what's up. You can find the details of all the ranking criteria in our methodology.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. If you don't have a clue what a CFD is, you should start by reading more about CFD trading.

Not sure which broker to choose? For a tailored recommendation, check out our broker finder tool. Just enter your country and you will see only the relevant brokers. Want more details? Compare brokers with this in-depth comparison table.

And now, let's see the best CFD brokers for Haitian citizens in 2020 one by one. Starting with the winner, XTB.

XTB is a global CFD and forex broker with headquarters in London and Warsaw. The company is regulated by several financial authorities worldwide, including the UK's Financial Conduct Authority (FCA) and the Polish Financial Supervision Authority (KNF). XTB is listed on the Warsaw Stock Exchange.

XTB is considered safe because it is regulated by at least one top-tier financial authority, the FCA, and is listed on a stock exchange.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.

Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service

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80% of retail CFD accounts lose money

#1 XTB
Fees

4.0

XTB has low trading fees and low non-trading fees. Within trading fees, there are low fees for forex and stock index CFDs. On the other hand, stock CFD fees are high.

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.

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80% of retail CFD accounts lose money

#1 XTB
Account opening

5.0

XTB's account opening process is hassle-free, fully digital and straightforward. Your account will be ready for trading on the same day.

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80% of retail CFD accounts lose money

#1 XTB
Deposit and withdrawal

4.5

XTB deposits and withdrawals are cost-friendly, fast, and can be done in several forms.

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80% of retail CFD accounts lose money

#1 XTB
Markets and products

2.8

XTB's product selection covers only CFDs, forex and crypto assets. Some European clients can also trade with real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and futures are not available.

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80% of retail CFD accounts lose money

#1 XTB
Web trading platform

4.4

XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, a two-step login is not available.

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80% of retail CFD accounts lose money

#1 XTB
Verdict

XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA, and it is listed on the Warsaw Stock Exchange. 

On the plus side, its forex and stock index CFD fees are low and the deposit and withdrawal process is free and fast. We also liked the seamless and hassle-free account opening process.

XTB has some drawbacks, though. The stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading are available in some European countries. Lastly, its email support did not reply to our queries.

We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options and a fast account opening. Feel free to test it using a demo account.

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80% of retail CFD accounts lose money

Trading Point Holding, XM's parent company, is a global CFD and FX broker founded in 2009. Trading Point Holding has two brands, XM and Trading.com.

XM is available globally and is regulated by three financial authorities: the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission of Belize (IFSC).

Trading.com was launched in 2019 and is available only for EEA residents, except those living in Belgium, Cyprus, Greece and Switzerland. Trading.com is regulated by the UK's Financial Conduct Authority (FCA).

In this review, we focus on the XM brand.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.10% 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. Risk warnings are shown on the website but they are unclear on percentages

Recommended for forex and cfd traders who prefer metatrader platforms and seek low trading fees

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75.55% of retail CFD accounts lose money

#2 XM
Fees

3.8

XM has low trading fees for CFDs and charges no withdrawal fee. On the other hand, forex fees are average, and there is a fee for inactivity.

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.

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75.55% of retail CFD accounts lose money

#2 XM
Account opening

5.0

XM account opening is hassle-free and straightforward. Your account is ready for trading on the same day.

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75.55% of retail CFD accounts lose money

#2 XM
Deposit and withdrawal

5.0

XM's deposit and withdrawal functions are fast and inexpensive, and offer you several options.

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75.55% of retail CFD accounts lose money

#2 XM
Markets and products

2.5

At XM, you can trade CFDs, forex and cryptos; non-European clients can also trade some real stocks. There are no ETFs, mutual funds, bonds, options or futures.

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75.55% of retail CFD accounts lose money

#2 XM
Web trading platform

2.8

XM's web trading platform is provided by MetaTrader. It is highly customizable and has a clear fee report. On the other hand, the platform lacks price alerts, and the design is outdated.

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75.55% of retail CFD accounts lose money

#2 XM
Verdict

XM is regulated by several authorities globally, including the top-tier ASIC.

On the plus side, we liked the low CFD and withdrawal fees. The account opening process is seamless and hassle-free. There is a wide range of educational tools of great quality.

XM has some drawbacks though. Its product range is limited to FX, CFDs and cryptos, with stock trading only available for non-European users. Its forex fees are average, and a monthly $5 fee is charged after three months of inactivity. 

We recommend XM for those who are interested in CFD and forex trading and prefer MetaTrader trading platforms. Feel free to test it via the demo account.

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75.55% of retail CFD accounts lose money

AT Group is a global financial group and ATFX is the brand of branches providing CFD/forex trading services. ATFX has four legal entities with different regulations and services. In this review, we tested the service of AT Global Markets (UK) Limited, which is regulated by the top-tier FCA.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.76% 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.

Recommended for forex and cfd traders familiar with the metatrader 4 trading platform

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67.76% of retail CFD accounts lose money

#3 ATFX
Fees

4.6

ATFX has great fees. It charges low fees both for CFD and forex. There are also no inactivity and withdrawal fees.

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.

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67.76% of retail CFD accounts lose money

#3 ATFX
Account opening

5.0

ATFX has a user-friendly and fully digital account opening. In most cases, the account approval takes no more than 1-2 business days. On the flip side, the sales team is pushy and the required minimum deposit can be high.

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67.76% of retail CFD accounts lose money

#3 ATFX
Deposit and withdrawal

4.5

ATFX offers free and fast deposit and withdrawal. There are various options for funding your account, including bank transfer, credit/debit cards, as well as electronic wallets.

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67.76% of retail CFD accounts lose money

#3 ATFX
Markets and products

1.4

ATFX provides only forex, CFDs and cryptos. However, it lacks popular asset classes, such as real stocks, mutual funds, or bonds.

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67.76% of retail CFD accounts lose money

#3 ATFX
Web trading platform

2.8

The web trading platform of ATFX is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and the design is outdated.

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67.76% of retail CFD accounts lose money

#3 ATFX
Verdict

ATFX is regulated by more financial authorities globally, including the top-tier FCA.

On the plus side, ATFX has low CFD and forex fees. The account opening is easy and multiple options are offered for deposit and withdrawal, which are free of charge.

ATFX  has some drawbacks though. The product range is limited to FX, CFDs, and cryptos. The sales team is pushy and fundamental data research is missing. 

As the trading fees are low and you can use a demo account, feel free to try ATFX.

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67.76% of retail CFD accounts lose money

FP Markets was founded in 2005 and it is an Australian CFD and forex broker. It's regulated by the Australian ASIC and the Cypriot CySEC.

FP Markets is considered safe because it has a long track record and is regulated by the top-tier ASIC.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% 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.

Recommended for forex and cfd traders familiar with metatrader and iress trading platforms

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74-89% of retail CFD accounts lose money

#4 FP Markets
Fees

3.8

FP Markets has low forex fees and non-trading fees and charges no inactivity fee. On the flip side, stock CFD fees are high.

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.

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74-89% of retail CFD accounts lose money

#4 FP Markets
Account opening

5.0

Opening an account at FP Markets is super quick and fully digital. While the minimum deposit is not high for forex, some account types reuquire at least a $1,000 balance.

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74-89% of retail CFD accounts lose money

#4 FP Markets
Deposit and withdrawal

4.9

FP Markets offers a great variety of deposit and withdrawal options, but it charges the withdrawals for some of the methods.

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74-89% of retail CFD accounts lose money

#4 FP Markets
Markets and products

1.9

FP Markets offers a great product selection in CFDs, forex, cryptos. Real stocks from the Australian market are available as well. Other real stocks, ETFs, mutual funds, bonds, options and futures are missing.

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74-89% of retail CFD accounts lose money

#4 FP Markets
Web trading platform

2.8

The web trading platform of FP Markets is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and the design is outdated.

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74-89% of retail CFD accounts lose money

#4 FP Markets
Verdict

FP Markets is a great CFD and forex broker regulated by the top-tier Australian Securities and Investments Commission (ASIC). It offers low forex fees and does not charge an inactivity fee. Both account opening and depositing are fast and you'll find high-quality educational tools, too.

On the negative side, the stock CFD fees are high and their product portfolio is limited, as it covers only CFD (equities, indices, metals) and forex. MT4 web and desktop trading platforms have outdated designs.

Feel free to try FP Markets as account opening is easy and there are no inactivity fees.
 

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74-89% of retail CFD accounts lose money

AvaTrade is a global CFD and FX broker founded in 2006. It is regulated by several financial authorities, such as the Central Bank of Ireland.

Disclaimer: 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.

Recommended for forex and cfd traders looking for an option to use metatrader platforms

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79% of retail CFD accounts lose money

#5 AvaTrade
Fees

3.5

AvaTrade has average trading fees and average non-trading fees. Withdrawal is free of charge but there is an inactivity fee.

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.

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79% of retail CFD accounts lose money

#5 AvaTrade
Account opening

5.0

Account opening at AvaTrade is seamless and fully digital. You can start trading literally in minutes.

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79% of retail CFD accounts lose money

#5 AvaTrade
Deposit and withdrawal

4.5

AvaTrade deposit and withdrawal are free and can be done by using several methods. On the flip side, the withdrawal took us more than 3 business days.

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79% of retail CFD accounts lose money

#5 AvaTrade
Markets and products

2.0

AvaTrade gives access only to CFDs, such as forex CFD or stock CFD. It doesn't offer popular asset classes, such as real stocks, bonds, or mutual funds.

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79% of retail CFD accounts lose money

#5 AvaTrade
Web trading platform

3.3

AvaTrade's Webtrading platform is user-friendly and well-designed. The search functions and the portfolio/fee reports are great. On the negative side, it lacks customizability, two-step login, and price alerts.

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79% of retail CFD accounts lose money

#5 AvaTrade
Verdict

AvaTrade is regulated by several authorities globally, including the top-tier Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC) therefore it is considered safe.

We liked the seamless and hassle-free account opening. You can use a lot of deposit and withdrawal options and they are free of charge. We also liked that you can use many user-friendly tools for research. 

AvaTrade has some drawbacks though. The product range is limited to forex, CFDs, and cryptos, and there is a high fee charged for EURUSD trading and inactivity.

As there is only a small minimum deposit, and your account will be ready quickly, feel free to try AvaTrade.

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79% of retail CFD accounts lose money

Trading with CFDs became widely popular over the past decade. Keeping your eyes on important criteria like fees or the number of CFDs offered can help find the best CFD broker for you.

When we selected the best CFD broker in 2020, we ranked brokers focusing on CFDs along close to 300 criteria. Not to overwhelm you with all of them, below we list just the five most important criteria.

Fees, fees and fees. We bet this is at the top of your mind when you’re looking for the best CFD broker. Let's see how we compared the fees of the various CFD brokers.

It is tough to compare CFD broker fees, but we are here to help. You need to look at two fee categories: trading-related fees and non-trading fees.

Trading-related fees

With regards to trading-related fees, brokers can charge commissions, spreads and overnight fees. To make your life easier we calculated all fees based on real-life scenarios so you can make a simple comparison. We took the following products:

• US equity index - S&P 500 index CFD
• European equity index - Europe 50 index CFD
• Forex - EURUSD and GBPUSD

We assumed opening a position, holding it for a week, and closing it. We calculated with S&P 500 and EU 50 positions of $2,000, while we took the forex positions in the value of $20,000. These real-life assumptions make CFD fees comparable.

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CFDs are derivatives, with a wide range of products easily available to trade. However, it is a leveraged product, which means that it is quite risky.

CFDs are derivatives: you bet on price movements

With CFDs, you can gamble on whether the price of an asset will go up or down, without buying the stock. Let's say you want to profit from Microsoft's stock price going up. At an online stockbroker, you would buy the Microsoft stock. In comparison, at a CFD broker you can instead bet directly on the stock price going up. However, CFDs are much like knives: they can be very useful, but if you have no idea how to use one, you can easily hurt yourself.

CFDs are an easy way to reach a lot of markets with leverage

Why on earth is this good for you? Well, there are three advantages:

• 1. You can make bets on all kinds of products. For example, if you want to trade with Turkish stocks, you can do so via CFDs, which might not be possible with an online stockbroker. It is easier for a broker to provide a CFD than to have access to the Turkish stock exchange.
• 2. The second advantage is leverage. The potential returns on your bet will be much bigger than with buying the actual stock. But this naturally also carries greater risk, therefore we recommend that you fully understand leverage before you invest.
• 3. Lastly, CFDs are an easy way to have short positions. This is indeed a big plus.

To better understand these advantages better, educate yourself by reading our CFD trading tips.

Not owning the underlying asset exposes you to additional risks

If you do not own the stock (or any other underlying asset), you are running a whole different kind of risk, which you need to understand before trading CFDs.

Let's say Bob owns Siemens stock, while Janet has an open long Siemens CFD position, both of them with the broker “Bust Brokers.” The worst happens, and Bust Brokers goes bust. Bob's Siemens stock is in custody with his custody service provider, meaning sooner or later he will be able to access it again. However, Janet did not own any stock but was in a long CFD position, therefore she will be compensated only up to the investor protection scheme of the broker’s country. In most cases, this is a maximum of €20,000.

The European Securities and Markets Authority (ESMA) has published a 2018 regulation relating to CFDs and binary options. These new measures clearly show how the European regulators wish to secure retail investors from the gloomy side of the European retail brokerage industry.

Based on ESMA's research, around 74-89% of investors were losing money on their CFD investments, and in many cases not purely out of their own fault. One core problem is that the dealing desk brokers were making a profit when their clients lose money. If you don't know what this model looks like, this Financemagnates article explains it very well. Another problem was the aggressive and unbridled marketing of deposit bonuses, cheap prices and messages that promised easy ways of getting rich.

The ESMA regulation is aimed at helping to reduce the proportion of accounts suffering losses. Here are the measures proposed by the regulation and their explanations:

• Limiting leverage: it was not uncommon to be able to open a position with 400:1 leverage, the possible maximum leverage will be limited to 30:1 for major currency pairs. The limitation varies according to the underlying asset's volatility:
  • 30:1 for major currency pairs
  • 20:1 for non-major currency pairs, gold and major stock indices
  • 10:1 for commodities other than gold and non-major stock indices;
  • 5:1 for single stocks and any underlying not otherwise mentioned
  • 2:1 for cryptocurrencies
• Margin close out on a per account basis: if an account's total margin falls below 50% of the initially required margin, brokers must close out or more of your positions.
• Negative balance protection: you cannot lose more money than you invested in.
• Restriction on marketing and incentive tools: instead of promoting CFD trading by promising of getting rich in a short period, brokers have to clearly show what percentage of their customers are losing money.

Summing up, do the stricter regulations mean that trading CFDs will become a nothing but a bedtime story we tell our kids? On the one hand, retail investors will be protected from losing more than they invest. On the other hand, canny investors won't be able to multiply their profits by using high leverage. Altogether, we think CFDs will remain popular despite the new regulations as trading will become safer and more transparent.

Being part of a banking group or listed on an exchange should be your primary compass for finding the best CFD brokerss

It's time to discuss how to make a well-informed choice in today's changing landscape of CFD brokers. We prefer exchange-listed and/or banking licensed brokers. Why?

• Being listed on any developed exchange means additional regulations, strict and frequent audits and also the need for constant communication between shareholders and other stakeholders. No wonder that only a small portion of retail brokers decide to give up money in exchange transparency.
• Banks are indisputably crucial building blocks of any economy. Strict capital requirements, regulations and transparency are a must. Therefore any broker backed by a bank can be considered more reliable than the ones that aren't.

For more help on these points, check out ourcomparison table for online brokers.

Compare protection amounts

You've seen the details, now let's zoom out. Here are the best CFD brokers in 2020 for citizens in Haiti

XTB is our winner, the best CFD broker for Haitian citizens in 2020. Low forex and stock index CFD fees. Free and fast deposit and withdrawal. Easy and fast account opening.

All five top brokers are great choices. However, do not forget, that CFDs are really risky. If you are experienced, pick your winner, and take the next step in your trading journey. Let us know what you think in the comments section.

Still unsure? Use the broker finder and find the best broker for you.