Intro and winners
Find below the strengths of the best CFD brokers available in West Bank, updated for 2024:
- XTB is the best CFD broker in West Bank in 2024. - Commission-free stocks and ETFs (for trades up to €100k per month). Free and fast deposit and withdrawal. Easy and fast account opening. Interest paid on cash.
- Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
- FXTRADING.com - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
- MultiBank - Quick and easy account opening. Free and varied deposit and withdrawal options. Fast and helpful customer service.
- HYCM - Low CFD fees. Great educational content. User-friendly account opening.
- AvaTrade - Easy and fast account opening. Free deposit and withdrawal options. Great research tools.
- Fusion Markets - Low trading and non-trading fees. Fast and easy account opening. Great customer service.
- Interactive Brokers - Extremely low fees. Wide range of products. Many great research tools.
- VT Markets - Low trading fees. Easy and fast account opening. Great email and live chat support.
- Global Prime - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
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 | Minimum deposit | Time to open account |
---|---|---|
XTB | $0 | 1 day |
Admirals (Admiral Markets) | $100 | 1 day |
FXTRADING.com | $50 | 1 day |
MultiBank | $50 | 1 day |
HYCM | $20 | 1 day |
AvaTrade | $100 | 1 day |
Fusion Markets | $0 | 1 day |
Interactive Brokers | $0 | 1-3 days |
VT Markets | $100 | 1 day |
Global Prime | $0 | 1 day |
Popularity of the best CFD brokers in West Bank
Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.
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. Check the spreads in the table below. In case of stock CFD, we calculate the fees for a $2,000 trade held for 1 week.
Broker | S&P 500 CFD spread | Apple CFD fee |
---|---|---|
XTB | 0.5 | $9.4 |
Admirals (Admiral Markets) | 0.4 | $3.7 |
FXTRADING.com | 0.3 | - |
MultiBank | 0.3 | $3.3 |
HYCM | 0.5 | $3.4 |
AvaTrade | 0.5 | $6.6 |
Fusion Markets | 0.3 | $3.2 |
Interactive Brokers | 0.8 | $4.8 |
VT Markets | 0.4 | $16.2 |
Global Prime | 0.4 | - |
If you are unsure how brokerage fees work, check out this article on the various fees, charges and costs.
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 | Withdrawal fee | Inactivity fee |
---|---|---|
XTB | $0 | |
Admirals (Admiral Markets) | $0 | |
FXTRADING.com | $0 | |
MultiBank | $0 | |
HYCM | $0 | |
AvaTrade | $0 | |
Fusion Markets | $0 | |
Interactive Brokers | $0 | |
VT Markets | $0 | |
Global Prime | $0 |
Can I trust these CFD brokers in West Bank?
Yes, BrokerChooser exclusively recommends legit brokers, overseen by at least one globally acknowledged regulator. We track more than 20,000 brokers and trading platforms that we don't recommend. To be sure that a broker is reputable and reliable, use our Scam Broker Shield tool.
Key criteria determining a broker's trustworthiness are: regulation, availability of investor protection, as well as a long and spotless track record. Explore the interactive table below, encompassing this array of vital data.
Broker | Top-tier regulators | Trusted broker |
---|---|---|
XTB | FCA in the UK | |
Admirals (Admiral Markets) | FCA in the UK and ASIC in Australia | |
FXTRADING.com | ASIC in Australia | |
MultiBank | ASIC in Australia and BaFin in Germany | |
HYCM | FCA in the UK | |
AvaTrade | CBI in Ireland and ASIC in Australia | |
Fusion Markets | ASIC in Australia | |
Interactive Brokers | FCA in the UK, SEC in the US, and ASIC in Australia | |
VT Markets | ASIC in Australia | |
Global Prime | ASIC in Australia |
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 | ||
Admirals (Admiral Markets) | ||
FXTRADING.com | ||
MultiBank | ||
HYCM | ||
AvaTrade | ||
Fusion Markets | ||
Interactive Brokers | ||
VT Markets | ||
Global Prime |
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 financial instruments. 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 movement of a financial instrument (i.e. stock, bond, commodity, etc.) will go up or down, without owning the underlying asset . Instead of buying a Vodafone stock, at a CFD broker you will speculate on the direction you think the Vodafone stock will go. If your guess is right, you will make profit on your CFD trade.
There are, however, two [free financial zones in the UAE, which have their own regulatory regimes, albeit they still impose stringent rules to protect clients. These are the Abu Dhabi Global Market (ADGM) and, the better known Dubai International Financial Center (DIFC).
CFDs are leveraged products, meaning that you trade with your own money as well as funds 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.
And now, let's see the top international online brokers for 2024 for residents in West Bank in detail one by one, starting with the winner, XTB.
Recommended for forex and CFD traders looking for low fees and great deposit/withdrawal service
Visit broker
76% of retail CFD accounts lose money
XTB snapshot | |
---|---|
Minimum deposit | $0 |
Deposit methods | Bank transfer, Credit/debit cards, Paysafe, Skrill, ecommpay, PayU, PayPal |
Withdrawal methods | Bank transfer |
Mobile app score | 4.4 stars |
Read review | For a detailed analysis of XTB services, check out our review for 2024. |
Recommended for forex traders who are familiar with the MetaTrader trading platforms
Visit broker
74% of retail CFD accounts lose money
Admirals (Admiral Markets) snapshot | |
---|---|
Minimum deposit | $100 |
Deposit methods | Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong, Perfect Money |
Withdrawal methods | Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong, Perfect Money |
Mobile app score | 4.3 stars |
Read review | For a detailed analysis of Admirals (Admiral Markets) services, check out our review for 2024. |
Recommended for forex traders who prefer the MetaTrader platform
Visit broker
74-89% of retail CFD accounts lose money
FXTRADING.com snapshot | |
---|---|
Minimum deposit | $50 |
Deposit methods | Bank transfer, Credit/debit cards, PayPal, Neteller, UnionPay, USDT |
Withdrawal methods | Bank transfer, PayPal, Neteller, UnionPay, USDT |
Mobile app score | 3.8 stars |
Read review | For a detailed analysis of FXTRADING.com services, check out our review for 2024. |
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 | $50 |
Deposit methods | Bank transfer, Credit/debit cards, Neteller, Skrill, Sepa, Swift, pagsmile, my Fatoorah, Plus wallets, Thai QR payment, PayTrust, Pay Retailers, korapay, PaymentAsia, Boletol, pix, SPE, Praxis, GCash, dragonpay, Gobe pay |
Withdrawal methods | Bank transfer, Credit/debit cards, Neteller, Skrill, Sepa, Swift, pagsmile, my Fatoorah, Plus wallets, Thai QR payment, PayTrust, Pay Retailers, korapay, PaymentAsia, Boletol, pix, SPE, Praxis, GCash, dragonpay, Gobe pay |
Mobile app score | 4.3 stars |
Read review | For a detailed analysis of MultiBank services, check out our review for 2024. |
Recommended for forex and CFD traders who prefer the MetaTrader platform
Visit broker
73-76% of retail CFD accounts lose money
HYCM snapshot | |
---|---|
Minimum deposit | $20 |
Deposit methods | Bank transfer, Credit/debit cards, Skrill, Neteller, PM, AstroPay, WebMoney, PayTrust, fasapay, ZOTAPAY, Lipi |
Withdrawal methods | Bank transfer, Credit/debit cards, Skrill, Neteller, PM, AstroPay, WebMoney, PayTrust, fasapay, ZOTAPAY, Lipi |
Mobile app score | 4.3 stars |
Read review | For a detailed analysis of HYCM services, check out our review for 2024. |
Recommended for forex and CFD traders looking for an option to use MetaTrader platforms
Visit broker
63% of retail CFD accounts lose money
AvaTrade snapshot | |
---|---|
Minimum deposit | $100 |
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 |
Mobile app score | 4.4 stars |
Read review | For a detailed analysis of AvaTrade services, check out our review for 2024. |
Recommended for forex traders looking for low fees and a chance to use the MetaTrader 4 platform
Visit broker
74-89% of retail CFD accounts lose money
Fusion Markets snapshot | |
---|---|
Minimum deposit | $0 |
Deposit methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku |
Withdrawal methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku |
Mobile app score | 3.8 stars |
Read review | For a detailed analysis of Fusion Markets services, check out our review for 2024. |
Recommended for traders looking for broad market access and a professional trading environment
Interactive Brokers snapshot | |
---|---|
Minimum deposit | $0 |
Deposit methods | Bank transfer |
Withdrawal methods | Bank transfer |
Mobile app score | 4.3 stars |
Read review | For a detailed analysis of Interactive Brokers services, check out our review for 2024. |
Recommended for forex traders familiar with the MetaTrader trading platforms
Visit broker
74-89% of retail CFD accounts lose money
VT Markets snapshot | |
---|---|
Minimum deposit | $100 |
Deposit methods | Bank transfer, Credit/debit cards, Neteller, Skrill, Fasapay, UnionPay, Perfect Money, Alipay |
Withdrawal methods | Bank transfer, Credit/debit cards, Neteller, Skrill, Fasapay, UnionPay, Perfect Money, Alipay |
Mobile app score | 4.1 stars |
Read review | For a detailed analysis of VT Markets services, check out our review for 2024. |
Recommended for forex and CFD traders who are familiar with the MetaTrader trading platforms
Visit broker
74-89% of retail CFD accounts lose money
Global Prime snapshot | |
---|---|
Minimum deposit | $0 |
Deposit methods | Bank transfer, Credit/debit cards, PayPal, Neteller, Skrill, GATE8, DragonPay, VNPay, PromptPay, Bpay, POLi, AstroPay, Interac, PayID, Perfect Money, XPay, Rapyd, BinancePay, Jeton, Mifinity, FasaPay, Pagsmile |
Withdrawal methods | Bank transfer, Credit/debit cards, PayPal, Neteller, Skrill, GATE8, DragonPay, VNPay, PromptPay, Bpay, POLi, AstroPay, Interac, PayID, Perfect Money, XPay, Rapyd, BinancePay, Jeton, Mifinity, FasaPay, Pagsmile |
Mobile app score | 3.8 stars |
Read review | For a detailed analysis of Global Prime services, check out our review for 2024. |
Didn't find the best broker for you?
Answer a few questions and get a personalized broker list!
Get a personalized broker recommendation
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,
- Looked at the range of CFDs available,
- Opened an account and tested the platform (charting, features, usability) with real money.
Save hours of research!
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.
FAQ
How risky is CFD trading?
While CFDs have many benefits, including access to a wide range of markets with little capital needed upfront, the ability to bet on falling as well as rising markets, making them very popular with online traders, However, they come with high risk of losing your money.
The biggest risk comes from the use of leverage. Leverage means that you borrow money from your broker, which will enable you to spend more money on opening a position than you otherwise would be able to. It’s also called trading on margin, where margin is the percentage of the total value of the trading position you are required to put down.
At 100:1 leverage, you only need to deposit just 1% of the position’s value. So with $10 you can control a position of $1,000 in value. But if you get your bet wrong, you lose many times the amount you deposited. Leverage amplifies you gains as well as your losses.
There are several other risks involved, such as the risk from inexperience, whereby beginners are bound to make expensive mistakes. There is the risk of choosing an unreliable provider and losing your money that way if it goes bust. Markets are risky by definition due to volatility and a lot of unexpected events that affect them.
To limit these risks you should only trade CFDs if you fully understand them, including risk management tools, such as stop-loss and take profit orders. A lot of brokers offer a good selection of educational materials. Also, you should practice trading on a demo account with virtual funds first, to avoid risking your capital. Only trade live, when you are fully confident.
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.
What's the difference between CFDs and shares?
The main difference is ownership. You can get exposure to stock markets by trading share CFDs, whithout owning the underlying share that you are betting on. To trade shares outright, you need to buy them via a broker and you own them. The advantage if share CFDs is that you can speculate on a high number of shares without a big capital outlay. The benefit of owning stocks is that they are ideal for long-term investment.
The other difference is leverage. When you trade CFDs, your broker gives you leverage, a loan, meaning that you are able to control a large position with a small initial deposit. With share trading, you buy a share from your own captital and selling it means that you transfer the ownership rights to a buyer. Typically, share are for investing on a longer time horizon, while CFD trades are typically closed out within the day. Both have their advantages and drawbacks, depending on your circumstances and financial goals.
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.
Want to understand CFD trading in more detail?
Check out these articles written by our broker and trading experts:d
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.