5 Best CFD Brokers & Trading Platforms 2023 (UK, EU, AU) ☑️ (2024)

For this list, we have searched and tested several CFDs brokers regulated in top jurisdictions.

We opened real accounts anddeposited between $4,000 and $8,000 with each of the brokers. We placed real trades ineach popular markettoget the real spreads.

We alsoreached out to customer supportto solve issues that we hd encountered. Finally, wewithdrew our fundsto see if there is any issue with the withdrawal process.

We handpick the best CFDs brokers regulated in top jurisdictions based on our trading data and experience as a trader.

What are CFDs?

Contracts for difference, better known as CFDs, are agreements between buyers and sellers of financial derivatives that are settled in cash upon closing. CFDs are complex financial instruments.

Being derivatives, CFDs track the prices of the underlying assets. CFDs traders only bet on the price movements and never own any assets. The net difference of the gain or loss in trading such contracts is settled through the trader’s brokerage accounts.

CFDs became popular as they are leveraged products, and traders can take big positions in the market with small margins. Though CFDs increase the amount of potential profitability, the risks also increase proportionately.

Another major advantage of the CFDs is access to wider markets. Brokers can offer CFDs of all asset classes and from foreign markets.

Some of the key advantages of CFDs are:

• Leveraged products
• Access to wider products and markets
• No set expiry of contracts
• Small minimum contract size
• Easy to create new instruments
• Traders can take both long and short positions on the market

Key highlights of CFDs instruments:

Best CFDs Brokers

To select the best CFDs brokers in every top jurisdiction,we tested and reviewed several brokers. We opened live accounts and deposited real money with each broker. We also placed real trades in popular markets to get the real picture of the spread and commission, trading platform, deposits and withdrawals conditions, education, and customer service.

• FP Markets– Best CFDs Broker in the United Kingdom
• IG Markets – Best CFDs Broker in New Zealand
• Saxo Markets– Best CFDs Broker in the European Union
• ThinkMarkets – Best CFDs Broker in Australia
• Plus500 – Best CFDs Broker in Singapore

Best CFDs Broker in the United Kingdom

We have picked FP Markets as the best CFDs broker in the UK.

FP Markets is a reputed CFDs broker and is headquartered in Australia. It is also a publicly listed company, making it a very safe platform. FP Markets holds 3 regulatory licenses.One of the licenses is fromAustralia’s ASIC. The other two are fromCyprus Securities and Exchange Commission (CySEC) and Saint Vincent & The Grenadines Financial Services Authority (SVGFSA).

FP Markets also aces when it comes to trading services with CFDs. It lists instruments forex and CFDs of stocks, indices, commodities, and forex. It also offers cryptocurrency CFDs outside the UK.

The broker offers excellent trading conditions, and charges spread much lower than the industry average. It also supports several deposit and withdrawal channels.

Best CFDs Broker in New Zealand

We have picked IG Markets as the best CFDs broker in the US.

IG Markets is probably the most trusted CFDs broker in New Zealand. It operates in the country with a Financial Markets Authority (FMA) license and is also regulated in several other jurisdictions, including the US, UK and Australia.

IG offers its clients access to more than 13,000 CFDs instruments of shares, commodities, cryptocurrencies and other markets. It provides New Zeland-traders access to foreign companies listed in the US, UK and Australia. It offers direct market access where it is possible, along with trading in the grey market and IPOs.

Best CFDs Broker in the European Union

We have picked Saxo Markets as the best CFDs broker in the EU.

Saxo Markets is regulated in the UK, Italy, Czech Republic, the Netherlands, Switzerland, France, Denmark, UAE, Japan, Hong Kong, and Australia. It is one of the European brokers with the most licenses from regulators within the European Union.

Saxo Markets is an excellent forex broker and also aces when it comes to CFDs. It offers investors access to over 19,000 stock CFDs that are listed on more than 40 exchanges around the world. It also offers CFD trading with indices, forex, commodities, options, bonds and cryptocurrencies.

Saxo promises tight spreads and low commissions and offers three account types to its clients.

Best CFD Trading Platform in Australia

We have picked ThinkMarkets as the best CFDs broker in Australia.

ThinkMarkets is one of the best CFD brokers in Australia. Apart from Australia, it is also licensed in the UK, South Africa, and Seychelles.

The broker offers trading services with forex and CFDs of indices, stocks, ETFs, commodities and cryptocurrencies. The total number of instruments listed on its platform exceeds 1,600, out of which 1,552 are CFDs products of stocks and ETFs. Spreads on the broker also remain lower than the industry average across all markets.

Best CFDs Broker in Singapore

We have picked Plus500 as the best CFD broker in Singapore.

Plus500 is an Israeli broker and is listed on the London Stock Exchange. It is regulated in the UK, Cyprus, Australia, South Africa, Seychelles, and Singapore. Being a publicly listed company, it is a safe broker to trade with.

Plus500 offers traders access to several markets, including forex, stocks, indices, commodities, ETFs, options and cryptocurrencies. It lists around 2,400 trading instruments, the majority of which are the stock CFDs. The spreads on the broker are also below the industry average, according to our tests.

CFDs Brokers List

Apart from the shortlisted brokers, here is a complete list of CFDs brokers, which we have tested and reviewed.

FAQ and More on CFDs Brokers

Traders usually have many questions related to generic trading-related queries. We tried to pick and answer some of the most important queries related to CFDs brokers.

Best CFD Trading Platform UK

All CFD platforms and brokers providing services in the UK need to be licensed by the Financial Conduct Authority (FCA), which is a well-reputed regulator with strict guideliness. Out of many CFDs brokers operating in the country, some of the top platforms are:

• FP Markets
• ActivTrades
• FxPro
• XM

Best CFDs Brokers in Singapore

Singapore is seen as the financial gateway to Asia. It has become a top priority of the retail CFDs brokers to obtain a regulatory license from the Monetary Authority of Singapore (MAS) for legally operating in the city-state. Some of the top regulated CFDs brokers in Singapore are:

• IG Markets
• OANDA
• CMC Markets
• Plus500

Best CFDs Brokers in Australia

Australia is a big market for retail trading platforms, and the Australian Securities and Investment Commission (ASIC) regulated all CFDs brokers in the country. Some of the regulated best CFDs brokers in Australia are:

• FP Markets
• IC Markets
• ThinkMarkets
• Vantage FX
• Pepperstone

Best CFDs Brokers in South Africa

The Financial Sector Conduct Authority (FSCA) regulates all forex and CFDs brokers operating in South Africa and some of the top local brokers are:

• AvaTrade
• Tickmill
• Plus500
• ThinkMarkets

Best Stock CFDs Platforms

Stock CFDs allow investors to trade Stocks listed in Foreign markets without owning an asset and speculate on its price movement with much smaller price due to leverage, and this led to a massive demand for such instruments. Some of the regulated brokers that offer access to stock CFDs of companies listed on multiple foreign stock exchanges are:

• FP Markets
• CMC Markets
• IG Markets
• Plus500
• eToro

Best MT4 CFDs Brokers

MT4 is the most popular platform among traders to trade forex and CFDs. The platform is developed by MetaQuotes and brokers license it to offer their services. Some of the best brokers offering CFDs trading on MT4 are:

• FP Markets
• CMC Markets
• IG Markets
• Dukascopy
• FBS