Best Online CFD Forex Brokers Platform Comparison 2023

Find the best CFD Forex Broker & Start trading Now!

Broker	Advantages This shows the available offer of each broker, T&C apply (special offers are subject to changes from time to time).	Asset Type The main asset classes you can trade CFD with. For example: Stocks, Currencies, Indices, ETFs, Options and Commodities.	Spreads From The difference between the BID & the ASK price quote for each broker's major trading instrument (asset). The spreads are shown according to conventional units. PU=Per Unit, Pts.= Points, Pips=The fourth decimal place(0.0001). Depend on the trading instrument and are constantly adjusted according to the market spread.	Max Leverage Leverage refers to the ratio of securities you can buy for a given payment. The higher the leverage ratio, the higher your buying power (and the higher the risk). For example, a leverage ratio of 500:1 means you can purchase 500 contracts, but only pay the equivalent of 1 contract valuation.	User Score	Regulation	Start Trading
1	State of the art technology and award-winning support	Forex Indices Commodities Metal	0 Pips 0.2 Pips 0.3 Pts 0 Pips	500:1 500:1 500:1 500:1	99 Read Review	ASIC, CySEC	Open an Account
2	Access to deep liquidity	Forex Indices	0 Pips 0.1 Pips	100:1 200:1	94 Read Review	FCA, CySEC, FSCA, SCB	Open an Account
3	Low forex fees	Stocks Forex	0 Pips 0.1 pips	500:1 200:1	91 Read Review	ASIC, CySEC, FSA, SCB	Open an Account
4	Webinars, educational materials, daily analytics	Forex Indices	0 Pips 0.2 Pips	3000:1 33:1	90 Read Review	CySEC	Open an Account
5	Instant deposit and withdrawal	Forex Indices	0 Pips 0.2 Pips	1000:1 400:1	90 Read Review	ASIC, CySEC, FSC	Open an Account
6	Advanced trading tools	Forex Indices	0 Pips 0.2 Pips	500 :1	90 Read Review	FSA	Open an Account
7	Advanced trading tools	Forex Indices	0 Pips 0.1 Pips	1000:1 500:1	85 Read Review	FCA, DFSA, FSCA, FSA, CMA	Open an Account
8	Zero commission	Forex Indices	0 Pips 0.1 Pips	500:1 200:1	78 Read Review	ASIC, FCA	Open an Account

CFDs trading is a speculative activity that investors can engage in to make profits from changes in the price of an asset. Traditional brokers are financial institutions that carry out this type of transaction through their own accounts, while “brokers” who let you trade CFDs on your behalf online are not technically brokers but simply provide a platform on which you can execute trades.

How to Compare CFD Brokers?

Comparing CFD brokers is quite simple if you know their differences and similarities. The following is a list of the main differences you will come across in your comparisons.

The Regulations

Regulations of a CFD broker are important because they will indicate what the broker is doing to protect the customer. A broker that does not go through strict quality controls has more risks than a broker with full and well-regulated operations. Furthermore, brokers that do not have perfect operational quality are more likely to commit fraud because they are less careful about complying with regulations and employing sound practices.

Service Charges

The service charges of a CFD broker are also very important when comparing them. Check the other broker’s service charges and find out what is included in the total payment and when it will be due. You also have to check if there are any other fees that you need to pay when dealing with the broker.

Spread Type Offered

The spreads offered by brokers depending on their market capitalization. Some of them offer better spreads than others due to their trading volume. If the broker does not have enough liquidity in their markets, they will decline your order or end up charging you a higher spread.

CFDs Offered

The CFDs may vary between brokers. Some brokers will offer more than others. Check into what the broker offers and compare it to other brokers that you are considering. This will give you a good idea if they have the type of market you are looking for.

Margin Requirement Level

A high margin requirement level is not a good thing because your trade options will be limited due to power and regulation limitations on margin trade. Therefore, this is one of the crucial factors you need to compare.

Trading Platforms

The trading platform offered by a CFD broker will also vary with their market capitalization and the other features they offer. Check into how they operate their platform and what security measures they have in place. Reviews from customers can be used to check if the platform is easy-to-use and has enough security for your money.

Slippage

Slippage is when the broker cannot execute your order as it is portrayed in their order book. Depending on which broker you use, they might have different limitations in place regarding the percentage of your order that might be lost in this way. So, check this when comparing CFD brokers.