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Top 5 CFD brokers in Uruguay in 2023
- XTB is the best CFD broker in Uruguay in 2023. - Commission-free stocks/ETFs for some. Free and fast deposit and withdrawal. Easy and fast account opening.
- eToro - Free stock and ETF trading. Seamless account opening. Social trading.
- Capital.com - Low forex CFD fees and commission-free real stocks. Great account opening experience. Excellent email and chat support.
- Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
- Plus500 - Easy-to-use platform. Great account opening. Quick and helpful customer support.
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
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 | Minimum deposit | Account activated in | Leverage can be set manually | Credit/debit card deposit |
|---|---|---|---|---|---|
| XTB | Yes | $0 | 1 day | No | Yes |
| eToro | Yes | $10 | 1 day | Yes | Yes |
| Capital.com | Yes | $20 | 1 day | Yes | Yes |
| Admirals (Admiral Markets) | Yes | $100 | 1 day | Yes | Yes |
| Plus500 | Yes | $100 | 1 day | No | Yes |
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.
| S&P 500 index CFD fee | Europe 50 index CFD fee | Apple CFD fee | Vodafone CFD fee | EURUSD spread | GBPUSD spread | |
|---|---|---|---|---|---|---|
| XTB | $4.0 | $3.3 | $10.1 | $10.6 | 0.9 | 1.5 |
| eToro | $3.1 | $3.2 | $6.4 | - | 1.0 | 2.0 |
| Capital.com | $2.5 | $4.3 | $2.3 | $4.2 | 0.6 | 1.3 |
| Admirals (Admiral Markets) | $2.3 | $1.6 | $4.6 | $12.1 | 0.1 | 0.5 |
| Plus500 | $3.5 | $3.3 | $13.3 | $17.0 | 0.8 | 1.2 |
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.
| Account fee | Inactivity fee | Withdrawal fee | Deposit fee | |
|---|---|---|---|---|
| XTB | No | Yes | $0 | $0 |
| eToro | No | Yes | $5 | $0 |
| Capital.com | No | No | $0 | $0 |
| Admirals (Admiral Markets) | No | Yes | $0 | $0 |
| Plus500 | No | Yes | $0 | $0 |
Your broker toplist will be selected based on your answers.
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.
| Stock index CFD | Stock CFD | Commodity CFD | Bond CFD | Crypto | |
|---|---|---|---|---|---|
| XTB | Yes | Yes | Yes | No | Yes |
| eToro | Yes | Yes | Yes | No | Yes |
| Capital.com | Yes | Yes | Yes | No | Yes |
| Admirals (Admiral Markets) | Yes | Yes | Yes | Yes | Yes |
| Plus500 | Yes | Yes | Yes | No | No |
Best CFD brokers
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.
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
eToro
Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero commission stock trading
| eToro snapshot | |
|---|---|
| Minimum deposit | $10 |
| Mobile app score | 4.9 stars |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, China UnionPay, Klarna, POLi, iDEAL |
| Withdrawal methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, China UnionPay, Klarna, POLi, iDEAL |
| Read review | For a detailed analysis of eToro services, check out our review for 2023 |
#3 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 |
#4 Best CFD broker
Admirals (Admiral Markets)
Recommended for forex traders who are familiar with metatrader trading platforms
| 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 |
#5 Best CFD broker
Plus500
Recommended for experienced traders looking for an easy-to-use platform and a great user experience
| Plus500 snapshot | |
|---|---|
| Minimum deposit | $100 |
| Mobile app score | 5.0 stars |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal, Skrill |
| Withdrawal methods | Bank transfer, Credit/debit cards, PayPal, Skrill |
| Read review | For a detailed analysis of Plus500 services, check out our review for 2023 |
Best CFD brokers
FAQ
Can CFD trading be profitable?
Yes, CFD trading can be profitable and investors may make handsome prfofits 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. Close to three quarter 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 not complicated financial instruments, so in this sense they are good for beginners. At the same time, CFDs are also 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, potentially locking in heftier profits, you also stand to lose a lot. CFDs are widely used by experienced traders with a deep undertsanding of financial markets and investment strategies. If you are an absolute beginner, it makes sense to open very small positions and doing a lot of research. Data shows that around 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.
- eToro - Free stock and ETF trading. Seamless account opening. Social trading.
- Capital.com - Low forex CFD fees and commission-free real stocks. Great account opening experience. Excellent email and chat support.
- Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
- Plus500 - Easy-to-use platform. Great account opening. Quick and helpful customer support.
Want to understand CFD trading in more detail?
Check out these articles written by our broker and trading experts:
