Best CFD brokers in 2018 - Go with secure brokers

27 September, 2018
Top 2 CFD brokers
Saxo Bank XTB
Best CFD brokers in 2018 - Go with secure brokers

Choose the best CFD broker, we did the research for you. We tested in-depth 16 quality online brokers available for Europeans. We evaluated fees, funding, withdrawal, product portfolios, account opening, trading platforms and more to find the best CFD trading platforms for your needs.

We have created two categories for CFD trading brokers, stockbrokers offering CFDs and CFD-only brokers. The two groups substantially differ in several areas, like fee structure, so it makes sense to create the two peer groups.

Our top eight picks for the best CFD brokers in 2018 are:

Stockbrokers offering CFDs

  Saxo Bank Interactive B. DEGIRO Comdirect
Fee structure ★★★★ ★★★★★ ★★★★★
Funding and withdrawal ★★★★★ ★★ ★★★ ★★★★
CFD product portfolio ★★★★★ ★★★★★ ★★★★ ★★★★
Account opening ★★★ ★★★★ ★★★★ ★★★
Trading platform (web) ★★★★ ★★ ★★★★ ★★★★
Overall rating 4.8 4.5 4.3 4.1

CFD-only brokers

  • XTB, a Polish CFD broker listed on the Warsaw Stock Exchange
  • IG, one of the biggest CFD brokers in the world
  • Markets.com, a CFD broker with a gambling parent
  • Plus500, a CFD broker listed on the London Stock Exchange section AIM
  XTB* IG** Markets.com Plus500
Fee structure ★★★ ★★ ★★★★★ ★★★★
Funding and withdrawal ★★★★★ ★★★★★ ★★★★★ ★★★★★
CFD product portfolio ★★★ ★★★★★ ★★★ ★★★
Account opening ★★★★ ★★★ ★★★★★ ★★★★★
Trading platform (web) ★★★★ ★★★★★ ★★★ ★★★★
Overall rating 4.3 4.1 4.1 4.0

*Real stocks and ETFs are available for European clients except for UK and Hungarian clients 

**Clients from the UK and some other countries can trade with stocks as well

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, start by reading more about CFD trading.

Not sure which one to choose? For a personal broker recommendation, check out Brokerchooser's broker selection tool. You input your preferences and you get a personal recommendation fitting your needs. Just a short FYI for US customers: CFD trading is banned in the US.

Want to see more options? For comparing all the brokers, visit our comparison page.

Visit comparison page

Best CFD brokers
What makes a good CFD broker?

Trading with CFDs became really popular in the last decade. Keeping your eyes on important criteria like fees or depth of product portfolio helps you find the most suitable broker for you. 

We tested brokers according to more than 60 criteria. In this article, we will uncover the 5 most important criteria you must take into account of choosing the most suitable CFD broker.

The 5 most important criteria for CFD brokers are:

1. Fee structure: The overall cost of a typical CFD trade can be 10-15 times higher at one CFD broker compared to another. Worth to check the fees.
2. Funding and withdrawal:  Transferring money to your account can be 5 times longer and more expensive at one CFD broker compared to another.
3. Product portfolio: You want to invest in Amazon and Bitcoin? They might not be available. Check the product coverage before opening an account.
4. Account opening: Some brokers require at least $10,000 to invest, others don't set a minimal first-time deposit. Check out what the best CFD brokers require.
5. Web trading platform: A user-friendly and well-equipped trading platform can significantly increase your trading comfort.

Best CFD brokers
Comparing CFD broker fees

Fees, fees, and fees. We bet this is on top of your mind when you want to select the best CFD broker. Let's kick off with fees than. 

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

Trading-related fees

With regards to the trading-related fees, brokers can charge commissions, spreads and overnight fees. To make your life easier we will compare three typical trading products for a real-life scenario and you can compare the aggregated trading-related fees.

These three products are:

  • forex - EURUSD
  • US equity - Apple share CFD
  • European equity - BMW share CFD.

And the real-life scenario is that we assume a $2,000 trade and holding it for one week, and then selling it.

 

Overall cost of a $2,000 CFD trade

Stockbrokers offering CFDs

Overall cost of a typical trade Saxo Bank Interactive Brokers DEGIRO Comdirect
EURUSD CFD $14.8 $14.3 NA $18.9
Apple share CFD $42.1 $3.4 $2.5 $26.7
BMW share CFD $29.1 $7.9

$12.0

$26.9

CFD-only brokers

Overall cost of a typical trade XTB IG Markets.com Plus500
EURUSD CFD $16.2 $12.5 $15.4 $15.4
Apple share CFD $18.2 $31.9 $6.8 $8.7
BMW share CFD $19.5 $24.6 $7.4 $10.3

Among stockbrokers, Interactive has the lowest fees for CFD trading. Within CFD-only brokers, Markets.com and Plus500 are competing for the cost champion badge.

All the stockbrokers, XTB, and IG apply explicit trading commissions, while Markets.com, Plus500, incorporate their trading commission into the spread.

 

Spread-only comparison

Interactive Brokers and IG has very competitive spreads, but bear in mind that the spreads are only one part of the costs.

Stockbrokers offering CFDs

Typical spread Saxo Bank Interactive Brokers DEGIRO Comdirect
EURUSD CFD 2 0.3 NA 2
Apple share CFD 0.02 0.02 0.02 0.02
BMW share CFD 0.02 0.02

0.03

0.02

CFD-only brokers

Typical spread XTB IG Markets.com Plus500
EURUSD CFD 0.03 0.6 2 0.6
Apple share CFD 0.03 0.02 0.35 0.39
BMW share CFD 0.02 0.04 0.2

0.25

 

Overnight fees

When you hold your position overnight, an overnight fee will be charged. Interactive Brokers and DEGIRO has the lowest financing rates.

Stockbrokers offering CFDs

Typical yearly overnight fee Saxo Bank Interactive Brokers DEGIRO Comdirect
EURUSD CFD 2.95% 2.54% NA 4.00%
Apple share CFD 4.95% 2.95% 2.70% 10.00%
BMW share CFD 3.13% 1.5%

1.25%

10.00%

CFD-only brokers

Typical yearly overnight fee XTB IG Markets.com Plus500
EURUSD CFD 3.72% 2.98% 3.10% 3.70%
Apple share CFD 4.67% 4.40% 6.20% 9.90%
BMW share CFD 2.11% 2.13% 6.20%

10.70%

If you wish to compare more fees, visit our broker comparison page.  

Compare more fees

Non-trading fees

The deposit, withdrawal and inactivity fees are the most important non-trading fees, all listed below.

DEGIRO and Markets.com have the most favourable non-trading fee structure.

 

A. Stockbrokers offering CFDs

Fee category Saxo Bank Interactive Brokers DEGIRO Comdirect
Deposit fee No No No No
Withdrawal fee No One free/month, $10 for the rest No NA
Inactivity fee $100/6 months after 6 months inactivity $10/month - your monthly generated commission No €5,85/quarter if you don't trade at least 2 times in a quarter

 B. CFD-only brokers

Fee category XTB IG Markets.com Plus500
Deposit fee Only for credit/debit card transfers in USD and electronic wallets No No No
Withdrawal fee Free above a given amount, e.g. $100 £15 for international transfers No

$6 for bank transfers; 5 free withdrawals in a month for other methods, like card

Inactivity fee No £12/month after 2 years of inactivity No $10/quarter after 3 months of no trading

Best CFD brokers
Part A: Stockbrokers offering CFDs

Saxo Bank

6

BACKGROUND:

Danish investment bank specializing in online trading and investments.

RECOMMENDED FOR:

Investors aiming for a great research and trading platform with a broad access to the international markets.

OVERALL SCORE:

4.8/5

MINIMUM DEPOSIT:

$2,000

NEGATIVE BALANCE PROTECTION:

No

Visit broker

best-cfd-brokers-saxo-bank-web-trading-platform

1. Fee structure ★★★★☆

Saxo Bank, as our Saxo Bank review shows, has an okayish fee structure. Its trading fees, including CFD fees, are mid-range. Most of its non-trading fees are favorable, except the financing rate.

2. Funding and withdrawal – ★★★★★

Saxo has an easy interface and multiple options to fund and withdraw money. 

  • Bank transfer: it usually takes 1-5 business days. 
  • Credit or debit card: money is credited to your account immediately, so it’s faster than the bank transfer. 
  • Stock transfer: you can also transfer stock portfolio to Saxo. 

3. CFD product portfolio –  ★★★★★

CFDs

Saxo Bank has a well-developed CFD spectrum with stock, index-tracking, commodity, forex and bond CFDs. You can choose from 29 stock indexes and 8840 single shares. This is a really deep product portfolio compared to Interactive Broker’s 13 stock indexes and 5866 single shares. 

Other asset classes

  • Equities
  • ETFs
  • Forex
  • Bonds
  • Options
  • Futures
  • Cryptos
  • Saxo Select

4. Account opening – ★★★☆☆

Account opening is available for almost all residents and is fully digital. However, a $2,000 minimum funding is required.

5. Web trading platform – ★★★★☆

Saxo Bank's trading platform, the SaxoTraderGO is a great platform. It is easy to navigate and provides all features.

 

Compare to best alternative broker

 

Interactive Brokers

5

BACKGROUND:

Interactive Brokers is one of the biggest US-based discount brokers

RECOMMENDED FOR:

Traders aiming low fees and can deal with a complicated trading platform

OVERALL SCORE:

4.5/5

MINIMUM DEPOSIT:

$0 for the non-margin accounts

$2,000 for the margin accounts

NEGATIVE BALANCE PROTECTION:

No

Visit broker

best-cfd-brokers-interactive-brokers-web-trading-platform

1. Fee structure ★★★★★

Interactive Brokers, as our Interactive Brokers review shows, has a competitive and transparent fee structure. CFD fees are competitive.

2. Funding and withdrawal – ★★☆☆☆

There are limited funding and withdrawal options for Europeans. For more information on US funding and withdrawal options, check IB's website.

  • Only bank transfer is available to European customers. 

3. CFD product portfolio – ★★★★★

CFDs

The CFD product range includes shares, forex, and indexes. You can choose from 13 stock indexes, ~6,000 single shares or 84 currency pairs. This is an ok CFD portfolio if you compare to other broker's CFD portfolio, like Saxo's 29 stock indexes,~9,000 single shares, and 7 currency pairs offer.

Other asset classes

  • Equities
  • ETFs
  • Forex
  • Funds
  • Bonds
  • Options
  • Futures
  • Cryptos
  • Asset management service

4. Account opening – ★★★★☆

You can choose from a great variety of account base currencies and account types. On the other hand, the account opening process is slow and complicated.

5. Web trading platform – ★★☆☆☆

Interactive Brokers' web trading platform, called IB Webtrader, is good for execution with a very advanced order management panel, but some of the standard functions like technical analysis are missing or underdeveloped.

 

Compare to best alternative broker

 

DEGIRO

15

BACKGROUND:

DEGIRO is a Dutch discount broker established in 2012 by a group of former employees at one of the largest online brokers in the Netherlands

RECOMMENDED FOR:

Price-sensitive buy and hold investors and traders looking for only execution

OVERALL SCORE:

4.3/5

MINIMUM DEPOSIT:

None

NEGATIVE BALANCE PROTECTION:

No

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best-cfd-brokers-degiro-web-trading-platform

1. Fee structure ★★★★★

DEGIRO, as our DEGIRO review shows, provides one of the lowest fee structures in the market. In most asset classes, it is more competitive than Interactive Brokers. It also provides one free ETF trading in a month, a great offer for buy and hold investors. 

2. Funding and withdrawal – ★★★☆☆

There are only a few options to fund/withdraw your money. 

  • Bank transfer: if you transfer funds manually they are normally available in the WebTrader (name of the online platform) in 2-3 working days.
  • SOFORT: it is a third party, instant deposit service provider. The money transfer usually takes around 30 minutes.

3. CFD product portfolio – ★★★★☆

CFDs

DEGIRO gives you access to 17 markets globally with 898 CFDs. It's a tight offer as Saxo gives you access to 29 markets with more than 8,000 products. 

Other asset classes

  • Equities
  • ETFs
  • Funds
  • Bonds
  • Options
  • Futures
  • Cryptos

4. Account opening – ★★★★☆

DEGIRO has a very easy and fast account opening process. As a plus, you don't need a minimum deposit. On the flip side, you can only change your base currency in a tricky way.

5. Web trading platform – ★★★★☆

DEGIRO’s web platform is simple and easy to use. Even beginners will find it easy to conduct simple transactions like share dealing. On the flip side, price alert function is missing and customization is limited.

 

Compare to best alternative broker

 

Comdirect

16

BACKGROUND:

Comdirect is a German brokerage company

RECOMMENDED FOR:

German-speaking beginners and investors focusing mainly on European securities

OVERALL SCORE:

4.1/5

MINIMUM DEPOSIT:

None

NEGATIVE BALANCE PROTECTION:

No

Visit broker

best-cfd-brokers-comdirect-web-trading-platform

1. Fee structure ★☆☆☆☆

Comdirect, as our Comdirect review shows, has high fees, especially if you trade lower volumes.

2. Funding and withdrawal – ★★★★☆

The transfer process is really user-friendly and fast. 

  • Bank transfer is available only.

3. CFD product portfolio ★★★★☆

CFDs

Comdirect gives you access to 16 markets which is a tight offer especially compared to Saxo's 29 available markets.

Other asset classes

  • Equities
  • ETFs
  • Funds
  • Bonds
  • Options
  • Futures

4. Account opening – ★★★☆☆

The account opening process is easy for Germans but complicated for citizens from other countries. There is no minimum balance requirement. 

5. Web trading platform – ★★★★☆

Comdirect has a great and user-friendly CFD trading platform. 

 

Compare to best alternative broker

Best CFD brokers
Part B: CFD-only brokers

XTB

BACKGROUND:

XTB is a Polish broker offering CFD trading.

RECOMMENDED FOR:

Forex and CFD traders looking for great funding and withdrawal processes and research tools.

OVERALL SCORE:

4.3/5

MINIMUM DEPOSIT:

$250/€250/£250

NEGATIVE BALANCE PROTECTION:

Yes

Visit broker

 

1. Fee structure ★★★☆☆

XTB, as our XTB review shows, has favorable non-trading fees and average trading fees. It has no inactivity fee, an average financing rate, and trading with forex is at the mid-range compared to its competitors. On the flip side, trading with stocks is quite costly.

2. Funding and withdrawal – ★★★★★

Funding and withdrawal are easy to do, straightforward, and can be done in several forms.

  • Bank transfer: it is free of charge, but it takes a few days.
  • Debit/Credit card: it takes literally minutes and the deposits in EUR or GBP are free of charge. On the flip side, if you deposit in USD 2% of the funded amount is charged, if in HUF it raises to 5%. This charge is quite high.
  • Electronic wallets, like Skrill or Paypal: it takes only minutes, but charges 2% of the transferred amount.

3. CFD product portfolio – ★★★☆☆

CFDs

XTB offers a good amount of stock CFDs, 87 ETFs, 34 indices, 21 commodities, 48 currency pairs, and major cryptos.  

Other asset classes

  • Real stocks and ETFs for European clients except for UK and Hungary

4. Account opening – ★★★★☆

The account opening process at XTB is hassle-free and straightforward. Your account is ready for trading on the same day of registration. However, the sales team is very pushy.

5. Web trading platform – ★★★★☆

XTB's xStation 5 platform is user-friendly with good customizability and search function. On the flip side, we missed the two-step login, the leverage setting option, and the more sophisticated order types. 

 

Compare to best alternative broker

 

IG

12

BACKGROUND:

IG was established in the UK in 1974 and is one of the biggest CFD providers in the world

RECOMMENDED FOR:

Traders with any experience level aiming for a great and easy-to-use trading platform

OVERALL SCORE:

4.1/5

MINIMUM DEPOSIT:

$300

NEGATIVE BALANCE PROTECTION:

No

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best-cfd-brokers-IG-web-trading-platform

1. Fee structure ★★☆☆☆

IG, as our IG review shows, has pricey trading fees, but competitive financing rates.

2. Funding and withdrawal – ★★★★★

You have several options to transfer money. The transfer process is user-friendly and fast. 

  • Bank transfer: transfer has to come from your own bank account, practically from a bank account with the same name as your IG investment account. 
  • Credit/debit card: a required minimum amount is applied here which differs between currencies: £250, €300, $300 etc. 
  • PayPal: just like with credit cards and some debit cards there is a required minimum fund and a 1.5% transfer fee is applied.

3. CFD product portfolio – ★★★★★

CFDs

With IG you can access 25 equity markets with roughly ~10,000+ stocks68 indices, 94 currency pairs, 47 commodities, US, Japanese, and large European government bonds, options, and major crypto CFDs. 

Other asset classes

  • Equities for UK and some other countries
  • Smart portfolios only for UK clients

4. Account opening – ★★★☆☆

The account opening process is fast and fully digital. However, there is a $300 first-time deposit and the sales team is very pushy.

5. Web trading platform – ★★★★★

IG's platform is great and easy to use. Even beginners can get familiar with it in a short time. IG has the best-rated CFD trading platform among the CFD-only brokers.

 

Compare to best alternative broker

 

Markets.com

19

BACKGROUND:

Markets.com is a CFD broker regulated in Cyprus and South Africa

RECOMMENDED FOR:

Traders wanting to venture into CFD trading

OVERALL SCORE:

4.1/5

MINIMUM DEPOSIT:

$100

NEGATIVE BALANCE PROTECTION:

Yes

Visit broker

best-cfd-brokers-markets.com-web-trading-platform

1. Fee structure ★★★★★

Markets.com, as our Markets.com review shows, has a competitive CFD fee structure. 

2. Funding and withdrawal – ★★★★★

Money transfer is really easy with Markets.com. 

You can use:

  • Bank transfer
  • Credit/debit card payments
  • Innovative solutions like Paypal, Skrill, and Neteller

3. CFD product portfolio – ★★★☆☆

Markets.com offers a large variety of international stock CFDs. Among other asset classes 39 ETFs, 27 indices, 4 commodities, 55 pairs of forex and major crypto CFDs are offered.

4. Account opening – ★★★★★

The account opening process is seamless and easy to complete.

5. Web trading platform – ★★★★☆

The Markets.com web trading platform is simple in every sense. It is easy to use, but the functionality is not sophisticated.

 

Compare to best alternative broker

 

Plus500

20

BACKGROUND:

Plus500 is a CFD broker, founded in Israel, listed on the London Stock Exchange section AIM

RECOMMENDED FOR:

Experienced traders looking for an easy-to-use platform, with a great user experience

OVERALL SCORE:

4.0/5

MINIMUM DEPOSIT:

€100 for card transfer and €500 for bank transfer

NEGATIVE BALANCE PROTECTION:

Yes

Visit broker

best-cfd-brokers-plus500-web-trading-platform

1. Fee structure ★★★★☆

Plus500, as our Plus500 review shows, has moderately competitive fee structure compared to its CFD broker peers. Forex spreads are highly competitive, while stock spreads are less favorable. Financing rates are one of the highest within peers.

2. Funding and withdrawal – ★★★★★

Funding and withdrawal are easy to do, straightforward, and can be done in several forms.

  • Bank transfer: you transfer to a UK Barclays account. In all cases, you may be asked to upload a photo/scan of a bank statement or proof of payment
  • Debit/credit card: you may be asked to upload a photo/scan of your card, credit card statement, or a document from the bank.
  • Electronic wallets: Paypal, Skrill.

3. CFD product portfolio – ★★★☆☆

Plus500's CFD product range is quite broad. It covers a good selection of equities, 80 ETFs, 23 indices, 17 commodities, 59 currency pairs, a small selection of options, and 9 major cryptos against the dollar. 

4. Account opening – ★★★★★

Account opening in Plus500 is seamless and easy. You can deposit your fund in several different currencies. On the flip side, there is a minimum account balance.

5. Web trading platform – ★★★★☆

Plus500 operates a well-designed, easy to use web platform. On the flip side, some features are missing, like research tools, leverage setting option or customizability. 

 

Compare to best alternative broker

Best CFD brokers
CFD brokerage explained

CFDs are derivatites, you can easily trade with a wide range of products, but it is leverged, so it is risky.

CFDs are derivatives: you bet on price movements

With CFDs, you can gamble on whether asset prices 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. At a CFD broker, you can instead bet directly on the stock price going up. However, CFDs are much like knives: could be very useful, but if no idea how to use one, you can cut 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. E.g. if you wanted to trade with Turkish stocks, go ahead. This might not be possible with an online stockbroker. It is easier for a broker to provide a CFD than have access to the Turkish stock exchange.
  • 2, The second advantage is leverage. The odds of your bet will be much larger than with buying the actual stock. It also comes with greater risk, therefore we recommend you to fully understand leverage before you invest.
  • 3, Lastly, with CFDs, you can easily have a short position. That is a plus indeed.

To understand these advantages better, you can learn through 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 risk which you need to understand before trading CFDs.

Let’s say Bob has a Siemens stock and Janet is in a long Siemens CFD position, both with broker “Bust Broker Co.”. Bust Broker Co. goes bust. Bob’s Siemens stock is in custody with his custody service provider, sooner or later he will be able to access it. Janet was in a long position, therefore she will be compensated only up to the investor protection scheme of the country. In most cases, this is up to €20,000.

Best CFD brokers
CFD regulations and security

You’ve probably heard of European Securities and Markets Authority’s new regulation relating to CFDs and binary options. New measures clearly show how the European regulators want to secure retail investors from the gloomy side of the European retail brokerage industry.

Based on ESMA’s research, around 80 to 95% of investors are losing their deposits and in many cases not purely due to their fault. One core problem is that the dealing desk brokers are gaining profit when their clients lose. If you don't know what this model looks like, a Financemagnates article explains that very well. Another problem is the limitless and uncontrolled marketing of deposit bonuses, cheap prices and messages promising easy ways of getting rich.

The new regulation will probably help to make the ratio better off. The measures and their explanations are the following:

  • Limitation of leverage: it was not unusual that you could open a position with 400:1 leverage, but from now the possible maximum leverage will be 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, the stricter regulations mean that trading CFDs will become a nothing but a bedtime story for our kids? On the one hand, retail investors are protected by losing more than their deposit. On the other hand, handy investors can't multiply their profits by the use of high leverage. Altogether, we think CFD will keep its popularity as trading with that will become more transparent and safer.

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

It is time to discuss how to make a well-established 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 the shareholders and other stakeholders. No wonder that only a small portion of retail brokers decides to exchange money for transparency.
  • Banks are indisputably crucial building stones of any economy. Strict capital requirements, regulations and need for transparency is a must. Therefore any broker with a bank behind its back can be considered more reliable than the rest of the competition.

For more help on these points check out our online brokers' comparison table.

Compare protection amounts

 

Best CFD brokers
Bottom line

We hope, you managed to pick your favorite from the recommended best CFD brokers. If you are still uncertain which the best CFD broker in 2018 is, this little summary might provide further clarity.

Stockbrokers offering CFDs

Beginners can feel comfortable with Saxo Bank, while more advanced traders would appreciate its great tools, charts and a wide range of research. Its fee structure is middle range, not the most competitive.

 

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Best-CFD-Brokers-Blogpost-Saxo-Bank-Logo

Interactive Brokers is designed for advanced traders and investors. We like it since it has tons of functions, a competitive fee structure, and great markets coverage, but stay away if you are a beginner.

 

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Best-CFD-Broker-Blogpost-Interactive-Brokers-Logo

Price sensitive buy and hold investors and traders should consider DEGIRO with its highly competitive fees and wide market access. Even beginners can handle its trading platform, however, research and education are not provided.

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Best-CFD-Broker-Blogpost-DEGIRO-Logo

Comdirect is a good choice for German-speaker investors interested especially in European markets. The trading fees are high, but its CFD platform with great interactive charting and other professional tools is really easy to handle. 

 

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Best-CFD-Broker-Blogpost-Comdirect-Logo

CFD-only brokers

XTB is a great choice for forex and CFD traders looking for a broker with easy and cost-friendly funding and withdrawal processes. It has also great research tools. However, it applies high trading fees for stock CFDs.

 

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Best-CFD-Broker-Blogpost-XTB-Logo

Traders with any experience level aiming for a great and easy-to-use trading platform should try IG. The CFD product portfolio is excellent. Funding and withdrawals are also easy, overnight rates are competitive, however, the trading fees are quite high. 

 

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Best-CFD-Broker-Blogpost-IG-Logo

Markets.com offers fast account opening, has great fees, and it is easy to fund and withdraw your account. However, the trading platform is missing more sophisticated functionalities. 

 

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Best-CFD-Broker-Blogpost-Markets.com-Logo

Plus500 account opening is seamless and easy, forex spreads are highly competitive, and funding and withdrawing funds is easy to do. However, overnight rates are the highest amongst its CFD peers. 

 

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Best-CFD-Broker-Blogpost-Plus500-Logo

Still not sure? Get a personal recommendation.

AUTHOR

Gergely Korpos
Gergely Korpos
Co-founder, CPO
Gergely's aim is to bring more clarity into personal investing. He has 10 years of experience in financial markets with GE Money, KPMG and MOL. He concluded thousands of trades as a commodity trader and financial portfolio manager
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