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Best CFD brokers in Serbia in 2021

To help you find the best CFD broker in Serbia for 2021, we went ahead and did the research for you. First, we selected 85 quality online brokers, then we checked and compared their CFD fees, product selection, deposit and withdrawal options, trading platforms and more. We dug deep so you don't have to. 5 brokers made it to the top in Serbia. We strongly recommend all 5 to you. And now, without further ado...

Our top 5 picks for the best CFD brokers of 2021 for citizens in Serbia:

  1. XTB is the best CFD broker in Serbia in 2021. Low forex fees. Free and fast deposit and withdrawal. Easy and fast account opening.
  2. City Index takes the second place. Low fees for forex. Fast and smooth account opening. Diverse research tools.
  3. ActivTrades rounds out the top three. Low trading fees. Excellent account opening. Free deposit and withdrawal.
  4. Spreadex, is ranked fourth. Low forex fees. Good web platform. Helpful customer service.
  5. Trading 212. Just made it to the list by moving to the fifth spot. Real stocks and ETFs are commission-free. Quick and easy account opening. Great trading platforms.
Best CFD brokers in 2021 for Serbian citizens
Broker CFD fee score CFD product selection score
#1 XTB 3.5 stars 4.3 stars
#2 City Index 3.3 stars 5.0 stars
#3 ActivTrades 4.7 stars 3.7 stars
#4 Spreadex 3.8 stars 5.0 stars
#5 Trading 212 1.9 stars 4.3 stars

What makes a good CFD broker? First of all, fair fees. They should provide access to lots of products as well as easy account opening and depositing. Having a great trading platform is also a strong plus for a good CFD broker.

Easy to list, but hard to figure out. We are testing brokers based on more than 300 criteria with real accounts and real money. We know what's going on. 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 that kind of risks. 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 the name of 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 Serbian citizens in 2021 one by one. Starting with the winner, XTB.

XTB Logo

#1 Best CFD broker
XTB

4.7

XTB is a global CFD and forex broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to disclose its financials.

XTB is considered safe because it has a long track record, is listed on a stock exchange, and publishes its financial statements transparently.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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

Pros Cons
Low forex fees High fees for stock CFDs
Free and fast deposit and withdrawal Product portfolio limited mostly to CFDs and FX
Easy and fast account opening Limited fundamental data

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77% of retail CFD accounts lose money

#1 XTB
Fees
3.9

XTB has low forex fees and there is no withdrawal fee for most transfers. On the other hand, stock CFD fees are high, and XTB also charges an inactivity fee.
Pros Cons
Low forex fees High stock CFD fees
Free withdrawal for transfers above $100
XTB trading fees
XTB City Index ActivTrades Spreadex Trading 212
S&P 500 index CFD fee $1.5 $1.2 $0.9 $1.8 $4.3
Europe 50 index CFD fee $1.8 $1.9 $0.7 $3.2 $6.4
Apple CFD $8.2 $10.2 $1.2 $3.2 $1.5
Vodafone CFD $9.9 $13.3 $2.3 $2.3 $2.0
EURUSD benchmark fee $8.5 $6.1 $7.9 $6.7 $26.4
GBPUSD benchmark fee $6.1 $5.2 $5.7 $4.8 $21.0

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

XTB non-trading fees
XTB City Index ActivTrades Spreadex Trading 212
Account fee No No No No No
Inactivity fee Yes Yes Yes No No
Withdrawal fee $0 $0 $0 $0 $0

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77% of retail CFD accounts lose money

#1 XTB
Markets and products
2.8

XTB's default selection includes only CFDs, forex and crypto. Some European clients can also trade real stocks and ETFs. Popular assets like bonds, mutual funds, options or futures are not available.
XTB CFD markets
XTB City Index ActivTrades Spreadex Trading 212
Currency pairs (#) 49 84 48 60 167
Stock index CFDs (#) 42 22 27 30 23
Stock CFDs (#) 1,800 4,500 660 3,000 1,700
ETF CFDs (#) 114 690 500 200 28
Commodity CFDs (#) 22 29 15 27 26
Bond CFDs (#) - 12 5 6 -
Cryptos (#) 25 6 - - 16
XTB product selection, besides CFDs
XTB City Index ActivTrades Spreadex Trading 212
Stock Yes No No No Yes
ETF Yes No No No Yes
Forex Yes Yes Yes Yes Yes
Fund No No No No No
Bond No No No No No
Options No No No No No
Futures No No No No No
Crypto Yes Yes No No Yes

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77% of retail CFD accounts lose money

#1 XTB
Account opening
5.0

XTB's account opening process is hassle-free, straightforward and fully digital. Your account will be ready for trading on the same day.
Pros Cons
Fast None
Fully digital
No minimum deposit
XTB minimum deposit and time to open an account
XTB City Index ActivTrades Spreadex Trading 212
Minimum deposit $0 $100 $500 $0 $1
Time to open account 1 day 1 day 1 day 1-3 days 1 day

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77% of retail CFD accounts lose money

#1 XTB
Deposit and withdrawal
4.5

XTB deposits and withdrawals are fast, mostly free, and can be done via several channels.
Pros Cons
Credit/Debit card available Few minor account currencies accepted
Free withdrawal
No deposit fee
XTB withdrawal fee and options
XTB City Index ActivTrades Spreadex Trading 212
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No Yes Yes Yes Yes
Electronic wallets No Yes Yes No Yes
Withdrawal fee $0 $0 $0 $0 $0

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77% 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, two-step login is not available.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report
Good search function
Best CFD brokers - XTB trading platform
XTB trading platforms
XTB City Index ActivTrades Spreadex Trading 212
Web platform score 4.4 stars 4.3 stars 4.3 stars 4.5 stars 4.9 stars
Mobile platform score 4.4 stars 4.3 stars 4.3 stars 4.5 stars 4.9 stars
Desktop platform score 4.4 stars 3.0 stars 3.4 stars - -
Can you set leverage manually? No No Yes No No

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77% 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. The company is listed on the Warsaw Stock Exchange.

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

XTB has some drawbacks, though. Stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading is available in some European countries. Fundamental data offered by XTB covers only a few basics such as P/E.

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

Below you can find links to all aspects of XTB in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our XTB fees article.

What about the minimum deposit?

Our ultimate guide to the XTB minimum deposit is updated regularly.

How to start your XTB account?

Look no further than our evaluation of the XTB account opening.

How's their trading app?

Here's our expert view after checking the XTB trading app.

Is the quality of customer service satisfactory?

All you need to know about the XTB customer service.

Legit or scam?

Is XTB legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether XTB is really free.

Is this broker good for beginners?

We checked it in Is XTB good for beginners.

Should you buy your silver bullets on XTB?

Research for silver bugs in the Silver buy on XTB guide

I want to trade options, are they available at XTB?

We explored the topic in Can you trade options on XTB?

XTB
Summary XTB is a global CFD and forex broker, listed on the Warsaw Stock Exchange and regulated by financial authorities including the UK FCA, Poland's KNF, and Cyprus's CySec.
Fees score 3.9 stars
Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal service

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77% of retail CFD accounts lose money

City Index Logo

#2 Best CFD broker
City Index

4.7

City Index is a global CFD and FX broker founded in 1983. City Index is the trading brand of StoneX Financial Ltd., whose parent company StoneX Group Inc. is listed on the NASDAQ Stock Exchange. The company is regulated by top-tier financial authorities, such as the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Monetary Authority of Singapore (MAS). 

City Index is considered safe because it has a long track record, it is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 forex fees and great research tools

Pros Cons
Low fees for forex Limited product portfolio
Fast and smooth account opening High stock CFD fees
Diverse research tools Non-user-friendly desktop platform

Visit broker
73% of retail CFD accounts lose money

#2 City Index
Fees
4.0

City Index has low fees for forex trading and there is no withdrawal fee. On the other hand, stock CFD fees are high and an inactivity fee kicks in after one year.
Pros Cons
Low forex fees Inactivity fee
No withdrawal fee High stock CFD fees
City Index trading fees
XTB City Index ActivTrades Spreadex Trading 212
S&P 500 index CFD fee $1.5 $1.2 $0.9 $1.8 $4.3
Europe 50 index CFD fee $1.8 $1.9 $0.7 $3.2 $6.4
Apple CFD $8.2 $10.2 $1.2 $3.2 $1.5
Vodafone CFD $9.9 $13.3 $2.3 $2.3 $2.0
EURUSD benchmark fee $8.5 $6.1 $7.9 $6.7 $26.4
GBPUSD benchmark fee $6.1 $5.2 $5.7 $4.8 $21.0

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

City Index non-trading fees
XTB City Index ActivTrades Spreadex Trading 212
Account fee No No No No No
Inactivity fee Yes Yes Yes No No
Withdrawal fee $0 $0 $0 $0 $0

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73% of retail CFD accounts lose money

#2 City Index
Markets and products
2.0

At City Index, you can only trade CFDs, forex and cryptos. Other popular asset classes, like real stocks or funds, are not available.
City Index CFD markets
XTB City Index ActivTrades Spreadex Trading 212
Currency pairs (#) 49 84 48 60 167
Stock index CFDs (#) 42 22 27 30 23
Stock CFDs (#) 1,800 4,500 660 3,000 1,700
ETF CFDs (#) 114 690 500 200 28
Commodity CFDs (#) 22 29 15 27 26
Bond CFDs (#) - 12 5 6 -
Cryptos (#) 25 6 - - 16
City Index product selection, besides CFDs
XTB City Index ActivTrades Spreadex Trading 212
Stock Yes No No No Yes
ETF Yes No No No Yes
Forex Yes Yes Yes Yes Yes
Fund No No No No No
Bond No No No No No
Options No No No No No
Futures No No No No No
Crypto Yes Yes No No Yes

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73% of retail CFD accounts lose money

#2 City Index
Account opening
5.0

City Index's account opening process is fully digital and there is no minimum deposit. It took one day for us to get the account approved.
Pros Cons
Fast None
Fully digital
No minimum deposit
City Index minimum deposit and time to open an account
XTB City Index ActivTrades Spreadex Trading 212
Minimum deposit $0 $100 $500 $0 $1
Time to open account 1 day 1 day 1 day 1-3 days 1 day

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73% of retail CFD accounts lose money

#2 City Index
Deposit and withdrawal
4.3

City Index provides multiple deposit and withdrawal options, all free of charge. However, withdrawal is not possible with some credit cards.
Pros Cons
Credit/Debit card available Problem with credit card withdrawal
Free withdrawal
No deposit fee
City Index withdrawal fee and options
XTB City Index ActivTrades Spreadex Trading 212
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No Yes Yes Yes Yes
Electronic wallets No Yes Yes No Yes
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More
73% of retail CFD accounts lose money

#2 City Index
Web trading platform
4.3

City Index's web trading platform is user-friendly and extremely customizable, with lots of order types. On the negative side, there is no two-step login.
Pros Cons
User-friendly No two-step (safer) login
Good customizability (for charts, workspace)
Good variety of order types
Best CFD brokers - City Index trading platform
City Index trading platforms
XTB City Index ActivTrades Spreadex Trading 212
Web platform score 4.4 stars 4.3 stars 4.3 stars 4.5 stars 4.9 stars
Mobile platform score 4.4 stars 4.3 stars 4.3 stars 4.5 stars 4.9 stars
Desktop platform score 4.4 stars 3.0 stars 3.4 stars - -
Can you set leverage manually? No No Yes No No

Visit broker More
73% of retail CFD accounts lose money

#2 City Index
Verdict

City Index is a great CFD and forex broker, regulated by top-tier financial authorities such as the UK's FCA.

On the positive side, it has low forex fees, a smooth account opening process and high-quality research tools.

It has some drawbacks though. The product portfolio is limited, stock CFD fees are quite high and the desktop platform lags behind its competitors.

As there is no required minimum balance, no withdrawal fee, and an inactivity fee only kicks in after one year, feel free to try City Index.

Below you can find links to all aspects of City Index in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our City Index fees article.

What about the minimum deposit?

Our ultimate guide to the City Index minimum deposit is updated regularly.

How to start your City Index account?

Look no further than our evaluation of the City Index account opening.

How's their trading app?

Here's our expert view after checking the City Index trading app.

Is the quality of customer service satisfactory?

All you need to know about the City Index customer service.

Legit or scam?

Is City Index legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether City Index is really free.

Is this broker good for beginners?

We checked it in Is City Index good for beginners.

Should you buy your silver bullets on City Index?

Research for silver bugs in the Silver buy on City Index guide

I want to trade options, are they available at City Index?

We explored the topic in Can you trade options on City Index?

City Index
Summary City Index is a global CFD broker, regulated by many financial authorities including the top-tier UK FCA. Its parent company, StoneX Group Inc. is listed on the NASDAQ Stock Exchange.
Fees score 4.0 stars
Recommended for Forex and CFD traders looking for low forex fees and great research tools

Visit broker More
73% of retail CFD accounts lose money

ActivTrades Logo

#3 Best CFD broker
ActivTrades

4.6

ActivTrades is a global forex broker founded in 2001. It is regulated by the UK's Financial Conduct Authority (FCA) and the Securities Commission of the Bahamas (SCB). 

ActivTrades is considered safe because it has a long track record and it is regulated by the FCA, a top-tier financial authority.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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 conditions

Pros Cons
Low trading fees Slim product portfolio
Excellent account opening Basic research tools
Free deposit and withdrawal There is an inactivity fee

Visit broker
77% of retail CFD accounts lose money

#3 ActivTrades
Fees
4.4

ActivTrades has low trading fees and average non-trading fees. As a plus, it charges no deposit and withdrawal fees in most cases.
Pros Cons
Low trading fees Inactivity fee
No withdrawal fee
ActivTrades trading fees
XTB City Index ActivTrades Spreadex Trading 212
S&P 500 index CFD fee $1.5 $1.2 $0.9 $1.8 $4.3
Europe 50 index CFD fee $1.8 $1.9 $0.7 $3.2 $6.4
Apple CFD $8.2 $10.2 $1.2 $3.2 $1.5
Vodafone CFD $9.9 $13.3 $2.3 $2.3 $2.0
EURUSD benchmark fee $8.5 $6.1 $7.9 $6.7 $26.4
GBPUSD benchmark fee $6.1 $5.2 $5.7 $4.8 $21.0

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

ActivTrades non-trading fees
XTB City Index ActivTrades Spreadex Trading 212
Account fee No No No No No
Inactivity fee Yes Yes Yes No No
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More
77% of retail CFD accounts lose money

#3 ActivTrades
Markets and products
1.4

At ActivTrades, you can only trade forex and other CFDs. Other popular asset classes such as real stocks, bonds, mutual funds or options are not available.
ActivTrades CFD markets
XTB City Index ActivTrades Spreadex Trading 212
Currency pairs (#) 49 84 48 60 167
Stock index CFDs (#) 42 22 27 30 23
Stock CFDs (#) 1,800 4,500 660 3,000 1,700
ETF CFDs (#) 114 690 500 200 28
Commodity CFDs (#) 22 29 15 27 26
Bond CFDs (#) - 12 5 6 -
Cryptos (#) 25 6 - - 16
ActivTrades product selection, besides CFDs
XTB City Index ActivTrades Spreadex Trading 212
Stock Yes No No No Yes
ETF Yes No No No Yes
Forex Yes Yes Yes Yes Yes
Fund No No No No No
Bond No No No No No
Options No No No No No
Futures No No No No No
Crypto Yes Yes No No Yes

Visit broker More
77% of retail CFD accounts lose money

#3 ActivTrades
Account opening
5.0

Account opening at ActivTrades is seamless and fully digital, taking just a few minutes to complete and verified within one business day.
Pros Cons
Fast None
Fully digital
User-friendly
ActivTrades minimum deposit and time to open an account
XTB City Index ActivTrades Spreadex Trading 212
Minimum deposit $0 $100 $500 $0 $1
Time to open account 1 day 1 day 1 day 1-3 days 1 day

Visit broker More
77% of retail CFD accounts lose money

#3 ActivTrades
Deposit and withdrawal
4.5

ActivTrades offers free deposit and withdrawal options, including bank transfer, credit card and various e-wallets. On the negative side, minor currencies are not accepted.
Pros Cons
Credit/Debit card available Minor account currencies not available
Free withdrawal
No deposit fee
ActivTrades withdrawal fee and options
XTB City Index ActivTrades Spreadex Trading 212
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No Yes Yes Yes Yes
Electronic wallets No Yes Yes No Yes
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More
77% of retail CFD accounts lose money

#3 ActivTrades
Web trading platform
4.3

ActivTrades has its own web trading platform called ActivTrader. It's highly customizable, multilingual and has a clear fee report On the other hand, there are no price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report
Good search function
Best CFD brokers - ActivTrades trading platform
ActivTrades trading platforms
XTB City Index ActivTrades Spreadex Trading 212
Web platform score 4.4 stars 4.3 stars 4.3 stars 4.5 stars 4.9 stars
Mobile platform score 4.4 stars 4.3 stars 4.3 stars 4.5 stars 4.9 stars
Desktop platform score 4.4 stars 3.0 stars 3.4 stars - -
Can you set leverage manually? No No Yes No No

Visit broker More
77% of retail CFD accounts lose money

#3 ActivTrades
Verdict

All in all, ActivTrades is a good CFD/forex broker.

ActivTrades has low trading fees. The account opening is excellent and the deposits and withdrawals are free.

On the downside, its product portfolio is limited to just a few products, as it offers mainly CFDs and forex instruments. Research tools are basic, and there are no trading ideas or fundamental data. There is an inactivity fee.

As trading fees are low and your account will be ready quickly, we encourage you to try ActivTrades.

Below you can find links to all aspects of ActivTrades in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our ActivTrades fees article.

What about the minimum deposit?

Our ultimate guide to the ActivTrades minimum deposit is updated regularly.

How to start your ActivTrades account?

Look no further than our evaluation of the ActivTrades account opening.

How's their trading app?

Here's our expert view after checking the ActivTrades trading app.

Is the quality of customer service satisfactory?

All you need to know about the ActivTrades customer service.

Legit or scam?

Is ActivTrades legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether ActivTrades is really free.

Is this broker good for beginners?

We checked it in Is ActivTrades good for beginners.

Should you buy your silver bullets on ActivTrades?

Research for silver bugs in the Silver buy on ActivTrades guide

I want to trade options, are they available at ActivTrades?

We explored the topic in Can you trade options on ActivTrades?

ActivTrades
Summary ActivTrades is a UK CFD and forex broker. It is regulated by the FCA and is available globally for clients.
Fees score 4.4 stars
Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal conditions

Visit broker More
77% of retail CFD accounts lose money

Spreadex Logo

#4 Best CFD broker
Spreadex

4.4

Spreadex is a global CFD and forex broker founded in 1999. It is regulated by the top-tier UK Financial Conduct Authority (FCA). The company also operates a separate sports betting service.

Spreadex is considered safe because it has a long track record and is regulated by a top-tier financial authority.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit. This site is intended for those persons of 18 years or older.

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

Pros Cons
Low forex fees Thin product selection
Good web platform No desktop platform
Helpful customer service Limited research and education tools

Visit broker
69% of retail CFD accounts lose money

#4 Spreadex
Fees
4.3

Spreadex has low forex fees and low stock CFD fees, and it charges no inactivity fee.
Pros Cons
Low forex fees None
No inactivity fee
Spreadex trading fees
XTB City Index ActivTrades Spreadex Trading 212
S&P 500 index CFD fee $1.5 $1.2 $0.9 $1.8 $4.3
Europe 50 index CFD fee $1.8 $1.9 $0.7 $3.2 $6.4
Apple CFD $8.2 $10.2 $1.2 $3.2 $1.5
Vodafone CFD $9.9 $13.3 $2.3 $2.3 $2.0
EURUSD benchmark fee $8.5 $6.1 $7.9 $6.7 $26.4
GBPUSD benchmark fee $6.1 $5.2 $5.7 $4.8 $21.0

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

Spreadex non-trading fees
XTB City Index ActivTrades Spreadex Trading 212
Account fee No No No No No
Inactivity fee Yes Yes Yes No No
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More
69% of retail CFD accounts lose money

#4 Spreadex
Markets and products
1.7

At Spreadex you can only trade forex, CFDs, and spread betting. Popular asset classes such as real stocks, ETFs, or bonds are missing.
Spreadex CFD markets
XTB City Index ActivTrades Spreadex Trading 212
Currency pairs (#) 49 84 48 60 167
Stock index CFDs (#) 42 22 27 30 23
Stock CFDs (#) 1,800 4,500 660 3,000 1,700
ETF CFDs (#) 114 690 500 200 28
Commodity CFDs (#) 22 29 15 27 26
Bond CFDs (#) - 12 5 6 -
Cryptos (#) 25 6 - - 16
Spreadex product selection, besides CFDs
XTB City Index ActivTrades Spreadex Trading 212
Stock Yes No No No Yes
ETF Yes No No No Yes
Forex Yes Yes Yes Yes Yes
Fund No No No No No
Bond No No No No No
Options No No No No No
Futures No No No No No
Crypto Yes Yes No No Yes

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69% of retail CFD accounts lose money

#4 Spreadex
Account opening
4.4

Opening an account at Spreadex is easy and straightforward, and involves no minimum deposit. However, account verification was a bit slow, taking us 2-3 business days.
Pros Cons
Fully digital Slower-than-average account verification
No minimum deposit
User-friendly
Spreadex minimum deposit and time to open an account
XTB City Index ActivTrades Spreadex Trading 212
Minimum deposit $0 $100 $500 $0 $1
Time to open account 1 day 1 day 1 day 1-3 days 1 day

Visit broker More
69% of retail CFD accounts lose money

#4 Spreadex
Deposit and withdrawal
4.3

Deposit and withdrawal, via bank transfer or credit/debit cards, are quick and mostly free. However, the account currency selection is rather average.
Pros Cons
Credit/Debit card available Average account currency selection
No deposit fee
Free withdrawal in most cases
Spreadex withdrawal fee and options
XTB City Index ActivTrades Spreadex Trading 212
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No Yes Yes Yes Yes
Electronic wallets No Yes Yes No Yes
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More
69% of retail CFD accounts lose money

#4 Spreadex
Web trading platform
4.5

The Spreadex trading platform is user-friendly, with a good search function, clear reports and guaranteed stop orders. However, it lacks a two-step login and is available only in English.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report Available only in English
Good search function
Guaranteed stop
Best CFD brokers - Spreadex trading platform
Spreadex trading platforms
XTB City Index ActivTrades Spreadex Trading 212
Web platform score 4.4 stars 4.3 stars 4.3 stars 4.5 stars 4.9 stars
Mobile platform score 4.4 stars 4.3 stars 4.3 stars 4.5 stars 4.9 stars
Desktop platform score 4.4 stars 3.0 stars 3.4 stars - -
Can you set leverage manually? No No Yes No No

Visit broker More
69% of retail CFD accounts lose money

#4 Spreadex
Verdict

Spreadex is a forex and CFD broker regulated by the top-tier UK FCA.

Spreadex has low forex fees; it offers a good web trading platform; and any problems or enquiries are taken care of by its helpful and fast customer service.

On the flip side, Spreadex's product portfolio is limited to forex and CFDs, meaning that popular asset classes such as real stocks or mutual funds are missing. In addition, there is no desktop platform, while the quality and quantity of research tools and education materials is quite poor.

As Spreadex has a user-friendly web platform and requires no minimum deposit, we encourage you to give it a try.

Below you can find links to all aspects of Spreadex in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Spreadex fees article.

What about the minimum deposit?

Our ultimate guide to the Spreadex minimum deposit is updated regularly.

How to start your Spreadex account?

Look no further than our evaluation of the Spreadex account opening.

How's their trading app?

Here's our expert view after checking the Spreadex trading app.

Is the quality of customer service satisfactory?

All you need to know about the Spreadex customer service.

Legit or scam?

Is Spreadex legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Spreadex is really free.

Is this broker good for beginners?

We checked it in Is Spreadex good for beginners.

Should you buy your silver bullets on Spreadex?

Research for silver bugs in the Silver buy on Spreadex guide

I want to trade options, are they available at Spreadex?

We explored the topic in Can you trade options on Spreadex?

Spreadex
Summary Spreadex is a UK CFD and Forex broker. It is regulated by FCA and is available globally for clients.
Fees score 4.3 stars
Recommended for Spread, Forex and CFD traders looking for low fees and great deposit/withdrawal options

Visit broker More
69% of retail CFD accounts lose money

#5 Best CFD broker
Trading 212

4.3

Trading 212 is a global CFD and forex broker, but clients can also trade stocks and ETFs free of charge. The company was founded in 2004 and is now headquartered in London. Trading 212 is regulated by the UK Financial Conduct Authority (FCA) and the Bulgarian Financial Supervision Commission (FSC). 

Trading 212 is considered safe as it 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. 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 active cfd and fx traders and investors looking for intuitive trading platforms

Pros Cons
Real stocks and ETFs are commission-free Limited product portfolio
Quick and easy account opening Missing phone and live chat support
Great trading platforms High forex fee

Read review

#5 Trading 212
Fees
3.4

Trading 212 has commission-free stocks and ETFs, and there are also no fees for deposit, withdrawal or inactivity. However, fees for forex trading are high.
Pros Cons
Free stock and ETF trading High forex fees
Low CFD fees High financing rate
No withdrawal and inactivity fee
Trading 212 trading fees
XTB City Index ActivTrades Spreadex Trading 212
S&P 500 index CFD fee $1.5 $1.2 $0.9 $1.8 $4.3
Europe 50 index CFD fee $1.8 $1.9 $0.7 $3.2 $6.4
Apple CFD $8.2 $10.2 $1.2 $3.2 $1.5
Vodafone CFD $9.9 $13.3 $2.3 $2.3 $2.0
EURUSD benchmark fee $8.5 $6.1 $7.9 $6.7 $26.4
GBPUSD benchmark fee $6.1 $5.2 $5.7 $4.8 $21.0

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

Trading 212 non-trading fees
XTB City Index ActivTrades Spreadex Trading 212
Account fee No No No No No
Inactivity fee Yes Yes Yes No No
Withdrawal fee $0 $0 $0 $0 $0

Read review
76% of retail CFD accounts lose money

#5 Trading 212
Markets and products
3.7

Trading 212 focuses mainly on CFDs, forex and cryptos. You can also trade real stocks and ETFs, but popular asset classes like bonds, mutual funds, options and futures are missing.
Trading 212 CFD markets
XTB City Index ActivTrades Spreadex Trading 212
Currency pairs (#) 49 84 48 60 167
Stock index CFDs (#) 42 22 27 30 23
Stock CFDs (#) 1,800 4,500 660 3,000 1,700
ETF CFDs (#) 114 690 500 200 28
Commodity CFDs (#) 22 29 15 27 26
Bond CFDs (#) - 12 5 6 -
Cryptos (#) 25 6 - - 16
Trading 212 product selection, besides CFDs
XTB City Index ActivTrades Spreadex Trading 212
Stock Yes No No No Yes
ETF Yes No No No Yes
Forex Yes Yes Yes Yes Yes
Fund No No No No No
Bond No No No No No
Options No No No No No
Futures No No No No No
Crypto Yes Yes No No Yes

Read review
76% of retail CFD accounts lose money

#5 Trading 212
Account opening
4.5

The account opening process is straightforward, user-friendly and quick. Our account was verified within one business day.
Pros Cons
Fast Problems with verification
Fully digital
No minimum deposit
Trading 212 minimum deposit and time to open an account
XTB City Index ActivTrades Spreadex Trading 212
Minimum deposit $0 $100 $500 $0 $1
Time to open account 1 day 1 day 1 day 1-3 days 1 day

Read review
76% of retail CFD accounts lose money

#5 Trading 212
Deposit and withdrawal
4.3

Trading 212 deposits and withdrawals are free, fast, and can be done in several way. On the negative side, there are only a few account base currencies available in each country.
Pros Cons
Credit/Debit card available Few base currencies available in each country
Free withdrawal
No deposit fee
Trading 212 withdrawal fee and options
XTB City Index ActivTrades Spreadex Trading 212
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No Yes Yes Yes Yes
Electronic wallets No Yes Yes No Yes
Withdrawal fee $0 $0 $0 $0 $0

Read review
76% of retail CFD accounts lose money

#5 Trading 212
Web trading platform
4.9

Trading 212 has a user-friendly and customizable web trading platform. It also provides a two-step login.
Pros Cons
User-friendly None
Two-step (safer) login
Good search function
Best CFD brokers - Trading 212 trading platform
Trading 212 trading platforms
XTB City Index ActivTrades Spreadex Trading 212
Web platform score 4.4 stars 4.3 stars 4.3 stars 4.5 stars 4.9 stars
Mobile platform score 4.4 stars 4.3 stars 4.3 stars 4.5 stars 4.9 stars
Desktop platform score 4.4 stars 3.0 stars 3.4 stars - -
Can you set leverage manually? No No Yes No No

Read review
76% of retail CFD accounts lose money

#5 Trading 212
Verdict

Trading 212 works as a CFD and forex broker regulated by multiple financial supervisory authorities.

On the plus side, Trading 212 offers commission-free stocks and ETFs, while CFD fees and non-trading fees are low as well. The account opening process is seamless and the trading platforms are user-friendly.

However, Trading 212 has a limited product portfolio, lacking popular asset classes such as bonds or options. We missed phone and live chat support, and found forex fees relatively high.

So is Trading 212 good? Trading 212 is a good choice for those interested in investing in equities or trading leveraged forex and CFD products, with the use of a great trading platform. As it offers a demo account, don't hesitate to give it a try.

Below you can find links to all aspects of Trading 212 in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Trading 212 fees article.

What about the minimum deposit?

Our ultimate guide to the Trading 212 minimum deposit is updated regularly.

How to start your Trading 212 account?

Look no further than our evaluation of the Trading 212 account opening.

How's their trading app?

Here's our expert view after checking the Trading 212 trading app.

Is the quality of customer service satisfactory?

All you need to know about the Trading 212 customer service.

Legit or scam?

Is Trading 212 legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Trading 212 is really free.

Is this broker good for beginners?

We checked it in Is Trading 212 good for beginners.

Should you buy your silver bullets on Trading 212?

Research for silver bugs in the Silver buy on Trading 212 guide

I want to trade options, are they available at Trading 212?

We explored the topic in Can you trade options on Trading 212?

Trading 212
Summary Trading 212 is a CFD and forex broker regulated by the UK FCA and Bulgarian FSC. In the UK and Germany, Trading212 offers commission-free stock and ETF trading as well.
Fees score 3.4 stars
Recommended for Active CFD and FX traders and investors looking for intuitive trading platforms

Read review
76% of retail CFD accounts lose money

Best CFD brokers
What makes a good CFD broker?

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

In 2021, we ranked CFD brokers based on more than 300 criteria. We list below only the five most important criteria to make sure you don't get overwhelmed.

5 most important criteria for the best CFD brokers in 2021
1. Fee structure: The overall cost of a typical CFD trade can be 10-15 times higher at one CFD broker than at another. So it’s worth checking their fees.
2. Products and markets: You want to trade with Amazon or Bitcoin CFDs? They might not be available. Check the product coverage before opening an account.
3. Account opening: Some brokers require a minimum deposit, while others don't. Check what the conditions are at the best CFD brokers.
4. Deposit and withdrawal: Transferring money to your account can be 5 times slower and more expensive from one CFD broker to another.
5. Web trading platform: A user-friendly and well-equipped trading platform can significantly increase your comfort.

Best CFD brokers
CFD broker fees

Fees, fees and fees. We bet fees are always on 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 not easy to compare CFD broker fees, but we are here to help. There are two categories: trading-related fees and non-trading fees.

Trading-related fees

As 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 looked at the following products:

  • Stock index - S&P 500 index CFD and Europe 50 index CFD
  • Stock - Apple CFD and Vodafone CFD
  • Forex - EURUSD and GBPUSD

Our assumptions included opening a position, holding it for a week, and then closing it. We calculated with the following positions: $2,000 for stock index and stock CFDs and a $20,000 forex position. These real-life assumptions make CFD fees comparable.

Compare more fees

Best CFD brokers
CFD brokers explained

CFDs are derivatives, where you can make bets on the price movement of a wide range of products. 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 bet on whether the price of an asset will go up or down, without buying the underlying asset. Let's say you want to profit from the Microsoft stock price going up. At an online stockbroker, you would simply 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 them, you can easily hurt yourself.

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

Why would this be interesting for you? Well, CFDs have three big advantages:

  • 1. You can make bets on all kinds of products. 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 return on your bet will be much bigger than with owning the actual stock. But this certainly carries greater risks, so you should 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, 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 “Bust Brokers.” The worst happens, and Bust Brokers goes bust. Bob's Siemens stock is in custody with his custody service provider. This means that sooner or later he will be able to access it again. However, Janet did not own any stock, only 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.

Best CFD brokers
CFD regulations and security

The regulation of CFDs changed significantly in the last few years. One of the most significant changes were the measures European Securities and Markets Authority (ESMA) published back in 2018. Most recently the Australian regulator followed ESMA's direction and introduced similar regulations for brokers operating in Australia. These measures clearly show how regulators globally aim to protect retail investors from the dark side of the retail brokerage industry.

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

The new ESMA and ASIC regulation is aimed at lowering the proportion of accounts suffering losses. Here are the measures with their explanations:

  • Limiting leverage: it was not uncommon to be able to open a position with 400:1 leverage. The possible maximum leverage is now 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 one or more of your positions.
  • Negative balance protection: you cannot lose more money than you invested.
  • Restrictions on marketing and incentive tools: instead of promoting CFD trading by get-rich-quick, promises, brokers have to clearly show what percentage of their customers are losing money.

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

You should be aware that investor protection regulation is different in every jurisdiction. You should always check the relevant rules.

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 for transparency.
  • Banks are the 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

Best CFD brokers
Bottom line

You've seen the details, now let's zoom out. here are once again the best CFD brokers in 2021 for citizens in Serbia:

Best CFD brokers in 2021 for Serbian citizens
XTB City Index ActivTrades Spreadex Trading 212
Overall score 4.7 4.7 4.6 4.4 4.3
Fees score 3.9 stars 4.0 stars 4.4 stars 4.3 stars 3.4 stars
Markets and products score 2.8 stars 2.0 stars 1.4 stars 1.7 stars 3.7 stars
Account opening score 5.0 stars 5.0 stars 5.0 stars 4.4 stars 4.5 stars
Deposit and withdrawal score 4.5 stars 4.3 stars 4.5 stars 4.3 stars 4.3 stars
Web platform score 4.4 stars 4.3 stars 4.3 stars 4.5 stars 4.9 stars
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77% of retail CFD accounts lose money
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73% of retail CFD accounts lose money
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77% of retail CFD accounts lose money
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69% of retail CFD accounts lose money
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XTB is our winner, the best CFD broker for Serbian citizens in 2021. Low forex fees. Free and fast deposit and withdrawal. Easy and fast account opening.

All the 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.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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

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