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Best CFD brokers in Montserrat in 2023

1
Visit broker
81% of retail CFD accounts lose money
2
Visit broker
84% of retail CFD accounts lose money
3
Visit broker
80% of retail CFD accounts lose money
4
Visit broker
64% of retail CFD accounts lose money
5
Visit broker
74-85% of retail CFD accounts lose money
6
Visit broker
74-89% of retail CFD accounts lose money
7
Visit broker
74.89% of retail CFD accounts lose money
8
Visit broker
71% of retail CFD accounts lose money
9
Visit broker
79.27% of retail CFD accounts lose money
10
Visit broker
73% of retail CFD accounts lose money
Find below the best CFD brokers available in Montserrat, updated for 2023:
  1. XTB is the best CFD broker in Montserrat in 2023. - Commission-free stocks/ETFs for some. Free and fast deposit and withdrawal. Easy and fast account opening.
  2. Capital.com - Low forex CFD fees. Great account opening experience. Excellent email and chat support.
  3. Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
  4. Spreadex - Low forex fees. Good web platform. Helpful customer service.
  5. ActivTrades - Low trading fees. Excellent account opening. Free deposit and withdrawal.
  6. MultiBank - Quick and easy account opening. Free and varied deposit and withdrawal options. Fast and helpful customer service.
  7. XM - Low stock CFD and withdrawal fees. Easy and fast account opening. Great educational tools.
  8. AvaTrade - Easy and fast account opening. Free deposit and withdrawal options. Great research tools.
  9. FxPro - Superb account opening process. Great customer service. Free deposit and withdrawal.
  10. HYCM - Low forex and CFD fees. Great educational content. User-friendly account opening.

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
Admirals (Admiral Markets)
$100
100 EUR/GBP/USD/CHF or 200 BGN or 1000 CZK or 750 HRK or 25000 HUF or 250 PLN/RON
Spreadex
$0
No minimum deposit for bank transfer, but 10 minimum deposit for credit/debit card
ActivTrades
$0
There is no minimum deposit
MultiBank
$200
$200 for Standard accounts, $1,000 for MultiBank Pro accounts, and $10,000 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
Best CFD brokers key data compiled for June 2023

Popularity of the best CFD brokers in Montserrat

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
Admirals (Admiral Markets)
$2.3
$1.6
Spreadex
$3.0
$1.6
ActivTrades
$2.4
$1.4
MultiBank
$1.2
$1.9
XM
$2.5
$3.1
AvaTrade
$2.6
$2.0
FxPro
$2.9
$2.6
HYCM
$1.7
$0.8
Fees at the top CFD brokers in June 2023
All spreads, commissions and financing rate for opening a position, holding it for a week, and closing.

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
Admirals (Admiral Markets)
No account fee.
€10 per month after 2 years of inactivity. Only charged if your account balance is greater than zero
Spreadex
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
Non-trading fees at the top CFD brokers in June 2023

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
Admirals (Admiral Markets)
Spreadex
ActivTrades
MultiBank
XM
AvaTrade
FxPro
HYCM

And now, let's see the top CFD brokers in detail one by one, starting with the winner, XTB.

XTB Logo

#1 Best CFD broker
XTB

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

Visit broker
81% of retail CFD accounts lose money

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.
Capital.com Logo

#2 Best CFD broker
Capital.com

Recommended for investors and cfd traders looking for a great trading platform and excellent customer service

Visit broker
84% of retail CFD accounts lose money

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.
Admirals (Admiral Markets) Logo

#3 Best CFD broker
Admirals (Admiral Markets)

Recommended for forex traders who are familiar with the metatrader trading platforms

Visit broker
80% of retail CFD accounts lose money

Admirals (Admiral Markets) snapshot
Minimum deposit $100
Mobile app score 3.8 stars
Deposit methods Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong
Withdrawal methods Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong
Read review For a detailed analysis of Admirals (Admiral Markets) services, check out our review for 2023.
Spreadex Logo

#4 Best CFD broker
Spreadex

Recommended for spread, forex and cfd traders looking for low fees and great deposit/withdrawal options

Visit broker
64% of retail CFD accounts lose money

Spreadex snapshot
Minimum deposit $0
Mobile app score 4.5 stars
Deposit methods Bank transfer, Credit/debit cards
Withdrawal methods Bank transfer, Credit/debit cards
Read review For a detailed analysis of Spreadex services, check out our review for 2023.
ActivTrades Logo

#5 Best CFD broker
ActivTrades

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

Visit broker
74-85% of retail CFD accounts lose money

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.
MultiBank Logo

#6 Best CFD broker
MultiBank

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

Visit broker
74-89% of retail CFD accounts lose money

MultiBank snapshot
Minimum deposit $200
Mobile app score 3.8 stars
Deposit methods Bank transfer, Credit/debit cards, Neteller, Skrill, Sepa, Praxis, Bitcoin, tether, myFatoorah, pagsmile,Paytrust, PlusWallets, Thai QR payment, PaymentAsia, GlobePay, korapay, Boletol, Pay Retailers, pix, SPE, dragonpay, GCash
Withdrawal methods Bank transfer, Credit/debit cards, Neteller, Skrill, Sepa, Praxis, Bitcoin, tether, myFatoorah, pagsmile,Paytrust, PlusWallets, Thai QR payment, PaymentAsia, GlobePay, korapay, Boletol, Pay Retailers, pix, SPE, dragonpay, GCash
Read review For a detailed analysis of MultiBank services, check out our review for 2023.
XM Logo

#7 Best CFD broker
XM

Recommended for forex and cfd traders who prefer metatrader platforms and seek great account opening

Visit broker
74.89% of retail CFD accounts lose money

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.
AvaTrade Logo

#8 Best CFD broker
AvaTrade

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

Visit broker
71% of retail CFD accounts lose money

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.
FxPro Logo

#9 Best CFD broker
FxPro

Recommended for forex and cfd traders looking for a broker with great account opening and familiar with metatrader platform

Visit broker
79.27% of retail CFD accounts lose money

FxPro snapshot
Minimum deposit $100
Mobile app score 4.3 stars
Deposit methods Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller
Withdrawal methods Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller
Read review For a detailed analysis of FxPro services, check out our review for 2023.
HYCM Logo

#10 Best CFD broker
HYCM

Recommended for forex and cfd traders who prefer the metatrader platform

Visit broker
73% of retail CFD accounts lose money

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.

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.

Save hours of research!

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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:

  1. XTB - Commission-free stocks/ETFs for some. Free and fast deposit and withdrawal. Easy and fast account opening.
  2. Capital.com - Low forex CFD fees. Great account opening experience. Excellent email and chat support.
  3. Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
  4. Spreadex - Low forex fees. Good web platform. Helpful customer service.
  5. ActivTrades - Low trading fees. Excellent account opening. Free deposit and withdrawal.
  6. MultiBank - Quick and easy account opening. Free and varied deposit and withdrawal options. Fast and helpful customer service.
  7. XM - Low stock CFD and withdrawal fees. Easy and fast account opening. Great educational tools.
  8. AvaTrade - Easy and fast account opening. Free deposit and withdrawal options. Great research tools.
  9. FxPro - Superb account opening process. Great customer service. Free deposit and withdrawal.
  10. HYCM - Low forex and CFD fees. Great educational content. User-friendly account opening.

Want to understand CFD trading in more detail?

Check out these articles written by our broker and trading experts:

Author of this article

Krisztián Gátonyi

Author of this article

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. Since joining BrokerChooser, he analyzed and tested 50+ brokers. He received his MSc degree in International Business from the University of Middlesex. He is also interested in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. Since joining BrokerChooser, he analyzed and tested 50+ brokers. He received his MSc degree in International Business from the University of Middlesex. He is also interested in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Visit XTB
81% of retail CFD accounts lose money
Visit Capital.com
84% of retail CFD accounts lose money
Visit Admirals (Admiral Markets)
80% of retail CFD accounts lose money
Visit Spreadex
64% of retail CFD accounts lose money
Visit ActivTrades
74-85% of retail CFD accounts lose money
Visit MultiBank
74-89% of retail CFD accounts lose money
Visit XM
74.89% of retail CFD accounts lose money
Visit AvaTrade
71% of retail CFD accounts lose money
Visit FxPro
79.27% of retail CFD accounts lose money
Visit HYCM
73% of retail CFD accounts lose money

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