CFD
5 Best UK CFD Brokers (November 2024)
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Trading in CFDs (Contracts for Difference) allows you huge flexibility in terms of how you wish to trade. This derivative type allows you to buy or sell a contract on the underlying asset without ever taking physical ownership. As a trader, this means you can potentially profit even if the price of an asset falls. We have conducted extensive research and selected the top 5 CFD brokers that cater to UK residents that offer a safe and regulated environment for investors.
1. eToro
eToro is one of most popular trading platforms in the world with over 20 million registered users. They offer low fees and minimum deposits, combined with a user-friendly platform.
eToro platform gives traders and investors access to more than 3,000 different financial assets, including stocks, cryptocurrencies, ETFs, indices, currencies (forex) and commodities which can be invested in both with and without leverage, giving almost anyone access to short-, mid- and long-term investment options. Enjoy spreads from as low as 1 pip, and access leverage and diversify with 40+ global currency pairs. They offer unique trading tools such as stop loss, short (without leverage), price alerts, and pro charts. CFDs/ Leverage Instruments may not be available in certain countries.
Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% 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. Residents of Brazil, China, Georgia, Japan, Korea, Portugal, Turkey, Ukraine, & Russia are prohibited. Full list of restricted countries can be found here.
2. IG
IG is a renowned global player in the online brokerage space. It offers investors access to over 17,000 markets, including shares, indices, forex, and commodities.
One of IG's standout features is its comprehensive trading and research tools, designed to suit both new and experienced traders. The platform offers a variety of educational resources, webinars, and seminars to support traders on their investment journey.
IG is recognized for its transparent pricing structure, which includes competitive spreads and low commission on share CFDs. The platform's technology is geared towards providing a seamless trading experience, with a robust mobile app that allows traders to manage their portfolios on the go. Furthermore, IG's regulatory status across multiple jurisdictions underscores its commitment to client security and best practice standards in financial services.
For investors, IG's global reach present a compelling blend of international market access and domestic understanding. Whether you're looking to trade globally or focus on local markets, IG offers a sophisticated platform that caters to a diverse range of trading preferences and strategies.
Warning: Spread bets and 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 spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
3. XM
XM is a well-recognized broker name in the industry and one of the top choices for CFDs trading in the market today. They have been around since 2009 and are very securely regulated around the world.
When it comes to the trading platforms available here, you will have access to two of the most respected in the world. These are both MT4 and MT5 trading platforms from MetaQuotes. Metatrader 4 has been around for almost 2 decades and is still the go-to choice for most new or experienced traders in the industry.
You can look forward to trading some of the more than 1,200 CFDs available with XM through these platforms that offer an extremely robust, easy to use environment. What makes both platforms a firm favorite beyond ease of use is that you can highly customize all of the charts and indicators you look at. The platforms come with a huge stock of charting tools and indicators that you can utilize when studying the assets.
Beyond this, both trading platforms are extremely lightweight and can run on almost any device. This is an important advantage for not missing any market moves and executing your trades quickly. They are also offered in all three available forms by XM, on desktop, web-based, and mobile.
Warning: 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 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. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
4. AvaTrade
AvaTrade is another long-time broker that has established a strong presence and following in the sector. They have been around since 2006 and the Irish-based broker is considered by many as one of the best CFD trading brokers available.
With Avatrade you can trade their hundreds of available CFDs through a number of trading platforms. These include both MT4 and MT5 as well as the Avatrade proprietary trading platform which is web-based, and the AvatradeGO proprietary platform which is available for mobile trading.
These platforms provide a very much enhanced visual appeal and are also both extremely intuitive and user-friendly. You will also be able to access a great range of tools and features to help in creating a fully customized trading experience. Both trading platforms also cater for extremely fast order execution and a number of unique features that Avatrade makes available to help your manage your risk.
Our full Avatrade review is always available also to help you gain a deeper understanding of everything this top broker has to offer or visit AvaTrade.
Warning: 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 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. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
5. Pepperstone
Pepperstone makes the list as one of the best CFD trading platforms thanks to more than 10 years in the industry prioritizing traders through their transparent, good value broker services. Well-regulated by the FCA in the UK, and others around the world, the broker has become a popular choice for many types of traders.
Through their proprietary and easy to use trading platform which is also available on mobile, you can engage in trading CFDs, Spread Betting, and more on all of the assets they have to offer. As a copy trader though they they are powered by Zulutrade enabling you to fully take advantage of copying other traders.
You can also always take a look at our Pepperstone review for an in-depth rundown on everything this top forex broker choice has to offer or visit Pepperstone.
Warning: Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
