Best CFD Brokers and Trading Platforms of 2025
A Contract for Difference (CFD) is a contract between an investor and a brokerage firm, providing the investor with the right to take an interest in a security that changes value. Investing in CFD trading allows an investor to speculate on underlying asset value changes and make profits based on their expectations. Trading CFDs involves exchanging the difference between the values at opening and closing times. The benefits of CFD trading include low initial costs, automated trading, and leverage, but entail risks such as potential losses over investments, weak regulation, and margin calls that may result in liquidation of positions.
- List of 10 Best CFD Brokers
- What Things to Consider Before Choosing a CFD Broker?
- Methodology to Choose the Best CFD Broker
- Best Forex Brokers for Beginners 2025
- List of 10 Best CFD Brokers
- CMC Market
- FXPro
- Pepperstone
- FP markets
- FOREX.com
- FXRoad
- IG
- Interactive Brokers
- City Index
- Our Methodology
- Comparing The Best Forex Broker for Beginners
- Why Choose a CFD Broker?
- Key Factors to Consider While Choosing the CFD Brokers
- Our Methodolgy
- Conclusion
List of 10 Best CFD Brokers
CMC Markets - Leverage Your Expertise
Currency Pairs
300+
Minimum Deposit
$0
Maximum Leverage
1:30
Founded in 1989, CMC Markets has emerged as a global leader in CFD and forex trading. The company currently boasts a market capitalization of over £375 million as of January 2024, with close to 152,000 active clients in 14 offices globally. The brokerage is not only seeking to attract sophisticated, high-value experienced traders but also inexperienced ones, targeting them to serve with state-of-the-art technologies with the most competitive pricing and excellent client service.
CMC Markets stands out for its extensive range of nearly 12,000 tradable CFD instruments, encompassing nearly every market and underlying asset class. This broker boasts the best price, averaging 0.61 pips on EUR/USD, and will remain cost-effective by keeping both trading costs and fees cost-effective. The proprietary Next Generation platform is world-class, with powerful performance along with a user-friendly interface.
Risk Disclaimer: CFDs are complex instruments. 72% of retail CFD accounts lose money when trading with this investment provider. Do your due diligence and then proceed with trading.
- Five Tier-1 regulators, FCA, ASIC, CIRO, MAS, and FMA, control the CMC markets, providing clients with better protection.
- The advanced Next Generation trading system comes equipped with 80 technical indicators and 40 drawing tools.
- The comprehensive research package encompasses CMC TV, Reuters news, and Morningstar analysis
- Various account types are available, and there is no minimum deposit requirement.
- An excellent mobile trading app that integrates news and educational content.
| PROS | CONS |
|---|---|
| Great proprietary trading platform that offers advanced tools | The MetaTrader 4 platform has fewer tradeable symbols compared to the Next Generation platform. |
| Provides close to 12,000 tradable instruments | The educational content lacks features and is not interactive. |
| Under intense regulatory scrutiny in multiple jurisdictions | |
| Provides competitive prices with discounts for active traders |
FxPro - Winning CFD Trading
Currency Pairs
60+
Minimum Deposit
$100
Maximum Leverage
1:200
FxPro, incorporated in 2002, has evolved to be the world’s leading CFD and Forex broker, with accounts for more than 7.8 million customers across 173 countries. FxPro specializes in trading CFDs on six major asset classes: Forex, Shares, Indices, Futures, Metals, and Energy. The floating FX spreads start at 1.2 pips and permit traders to trade up to a micro lot using MT4/MT5. This has catered both to novice traders looking for accessibility and professional traders who seek sophisticated tools.
Major financial authorities, including FCA, CySEC, FSCA, and SCB, regulate FxPro, which boasts a superb record of over 112 international awards and a strong regulatory compliance base. Excellence on every level is what the broker demonstrates with its 24/5 multilingual customer support service, which is rated 5 stars by clients. Boasting more than 2,100 tradable assets and a history of reliability, FxPro cements a serious commitment to trader success at all levels of experience.
- Complete suite of MT4/MT5 with superior personalization
- Live push notifications, technical indicators, and trend research tools
- Guides on trading, webinars, and specific information about instruments
- Four types of accounts to accommodate diverse trading styles
- Feature to conduct a comparative analysis with the rich market knowledge
| PROS | CONS |
|---|---|
| Wide choice of over 2,120 tradable instruments | The minimum deposit is rather high, being around $100 |
| Robust regulatory presence from various authorities | There is not much educational content for newcomers |
| Advanced trading tools and analytics | The US clients are restricted |
| Competitive spreads and execution speeds |
Pepperstone - Razor-Sharp Spreads for Serious Traders
Currency Pairs
80+
Minimum Deposit
$0
Maximum Leverage
1:500
Founded in 2010, Pepperstone is a global online CFD broker that provides trading services across currencies, commodities, cryptocurrencies, and indices. Based in Australia and registered under ASIC, Pepperstone has acquired a strong reputation for low-latency trading, competitive spreads, and reliable customer support. Pepperstone is the best forex broker for beginners and professionals, offering educational material for novices and advanced platforms for professionals.
Founded in 2010, Pepperstone is a global online CFD broker that provides trading services across currencies, commodities, cryptocurrencies, and indices. Based in Australia and registered under ASIC, Pepperstone has acquired a strong reputation for low-latency trading, competitive spreads, and reliable customer support. Pepperstone is the best forex broker for beginners and professionals, offering educational material for novices and advanced platforms for professionals.
Risk Disclaimer: CFDs are complex instruments. 72% of retail CFD accounts lose money when trading with this investment provider. Do your due diligence before proceeding with trading.
- Offers access to MetaTrader 4, MetaTrader 5, and the proprietary platform
- Trading of CFDs in Forex commodities, indices, shares, and cryptocurrencies
- Low latency execution and competitive pricing, specifically targeting Razor accounts.
- Access to several account types for each level of experience and trading style, including Standard, Razor, and demo accounts.
- Multilingual support
- Access to learning materials, though to little depth and interactivity
| PROS | CONS |
|---|---|
| Fast execution speeds | Educational resources could be a lot more extensive and interactive |
| Competitive pricing, especially on the Razor accounts | Research tools need to be improved when compared to its competitors |
| Regulated entities worldwide | |
| Choice of three popular trading platforms | |
| Multilingual customer support |
FP Markets - Empowering the Next Generation of Traders
Currency Pairs
70+
Minimum Deposit
$60
Maximum Leverage
1:500
FP Markets is an Australian-based CFD and forex broker founded in 2005. The company provides access to over 10,000 financial instruments, including CFDs on forex, stocks, commodities, cryptocurrencies, and indices. Its robust regulatory system, which is overseen by ASIC and CySEC, makes it appealing to both new and experienced traders. Preferred for traders with different experience levels, the overall platform consists of comprehensive trading tools, competitive pricing, and educational resources.
FP Markets differs from other brokers in trading infrastructure, providing raw spreads from 0.0 pips with rapid execution on NY4 servers. Other main selling points include multi-regulation, diversified platform choices, MT4/MT5 and IRESS, several trading tools, abundant sources of educational resources, and all-time multilingual support.
- Availability of MT4/MT5 industry-leading platforms and IRESS for professional trading
- Traders can use Autochartist and Trading Central for technical analysis
- Extensive learning center, which includes webinars, tutorials, and market analysis
- 24/7 support, multilingual services, and a dedicated account manager
- Option to choose between standard and raw spread accounts
| PROS | CONS |
|---|---|
| Extremely competitive spreads start at 0.0 pips | An offshore entity operating with no regulation |
| Variety of trading instruments | Proprietary trading platform is not seen |
| Sophisticated trading tools and platforms | Some instruments are quite elaborately priced |
| Strong resources regarding educational needs | |
| Good customer service |
FOREX.com - Where Experienced Traders Thrive
Currency Pairs
80+
Minimum Deposit
$100
Maximum Leverage
1:200
FOREX.com is a global online CFD broker established in 2001, and its license is regulated by top-tier authorities such as CFTC and FINRA. In more than two decades of experience, the company has earned an excellent reputation as a provider of complete trading solutions. Through its award-winning Trading Academy, the platform offers over 80 currency pairs along with more advanced trading tools for both professional and beginner traders.
FOREX.com is unique because of its competitive spreads, comprehensive market access, and innovative trading solutions. Its intrinsic commitment to trader education becomes an additional army of an Advanced Trading Platform and robust research tools, making it the first choice among traders who look for reliable market access and professional support.
- Advanced Trading platform, a Web Trader featuring TradingView, and seamless integration with MT4/MT5.
- Over 5,500 trading instruments across forex, stocks, commodities, and cryptocurrencies.
- Trading Academy provides comprehensive video content and market analysis
- Competitive spreads starting at 0.0 pips on major pairs
- Standard, Professional, and Active Trader programs offer specialized benefits
| PROS | CONS |
|---|---|
| Award-winning instructional materials | Instrument available only on MT4 |
| High-quality analysis of rising and falling markets and video content | Average spreads in standard accounts |
| Complex trading platforms with TradingView integration | |
| Free performance analytics | |
| Offering a variety of assets |
FXRoad - Your CFD Trading Roadmap
Currency Pairs
10+
Minimum Deposit
EUR 250
Maximum Leverage
1:200
Founded in 2004, FXRoad is an online Forex brokerage. Located in Nicosia, Cyprus, FXRoad provides online trading services to individuals worldwide. FXRoad has held a CySEC license for over 18 years and is registered with the Investor Compensation Fund, thereby ensuring the safety of its clients. It offers different types of financial tools for Forex and CFD trading to both professionals and newcomers and uses educational tools as well as a mobile application for trading on the go.
FXRoad has a solid regulatory structure through which we obtain access to different financial markets like Forex and CFDs. FXRoad helps consumers to trade at all levels by offering competitive spreads, making it more accessible to users, providing educational materials, and having a very transparent and secure trading system.
- The charting technology is highly advanced and utilizes TradingView to power deep market analysis.
- The user-friendly iOS app allows for on-the-go trades while maintaining security.
- Accessibility and autonomy have been created for all levels of proficiency, allowing anyone to use this platform.
- More than 350 trading assets are accessible.
- The customer support services are available 24/5 with the ready help from account managers.
| PROS | CONS |
|---|---|
| Tier-1 jurisdictions like FCA and ASIC offer their services | Fees charged for inactive accounts |
| Highly competitive spreads and leverage up to 1:500 | Few have complained of withdrawal issues and handling of their accounts. |
| A very wide range of tradable assets | |
| Very simple trading platform with a mobile app | |
| Customer support is available 24/5 and dedicated account managers |
IG - Go Further with CFDs
Currency Pairs
80+
Minimum Deposit
$0
Maximum Leverage
Depends on currency pairs traded
In 1974, IG Group emerged as the world’s first and pioneering fintech company, pioneering online trading and investment with CFDs, Forex, and stocks. IG Group was the first original over-the-counter (OTC) leveraged derivatives company in the UK, revolutionizing trading through innovative methods of trading gold through indices. IG Group has nearly five decades of experience in providing services to retail and professional traders through comprehensive educational resources and even refined tools with the highest regulatory standards.
IG Group is known for its strict regulatory system, and it also has access to more than 19,000 markets around the world. The company’s commitment to customer safety, its effective trading platform, and its comprehensive knowledge through the IG Academy position it as one of the most preferred names in the market. The platform exhibits high reliability and effective risk management, thereby fostering a safe trading environment.
- Proprietary web platform and MT4 integration, along with advanced charting tools
- IG Academy offers well-thought-out classes, webinars, and guides
- More than 19,000 markets: forex, stocks, indices, commodities, and etc.
- 24/5 multilingual support via several channels
- Standard and Professional accounts corresponding to the individual’s needs
| PROS | CONS |
|---|---|
| An extensive number of trading instruments | Higher minimum deposits |
| Strict regulatory structure | Complicated interface for new users |
| Sophisticated trading platforms and tools | Customer service’s response times are delayed |
| Extensive educational resources |
Interactive Brokers - Unparalleled Access to Global Markets
Currency Pairs
100+
Minimum Deposit
$50
Maximum Leverage
30:1
Interactive Brokers, or IB, is an online brokerage firm founded in 1978 as a low-cost, high-quality trading service provider. IB provides its clients with access to a wide range of assets, including stock, options, futures, forex, and CFD trading. As designed for professionals, active CFD traders, financial institutions, and institutional investors, the forex brokers’ advanced CFD trading platforms may overwhelm beginners; however, IBKR Lite offers no-commission access to U.S. stocks and ETFs.
Interactive Brokers is ideal for high-frequency successful CFD traders because to its minimal trading costs and fees. The extensive range of products, good-quality TWS platform with advanced features, and more than 200 market access all around the world are more advantages to the provider. These factors collectively contribute to delivering exceptional customer service.
- Highly advanced platform with extensive features and capabilities for experienced CFD traders
- Access to stocks, options, futures, forex, CFDs, and more across many global markets
- The extremely competitive pricing structure, very favorable for high-volume advanced traders. IBKR Lite offers free commissions for some US equities
- Trade globally in multiple asset classes and CFD markets
- Full support for all types of traders
| PROS | CONS |
|---|---|
| High-volume CFD traders greatly benefit from the extremely competitive pricing structure. | The advanced platform is very overwhelming for a new trader |
| Global markets provide global coverage of stocks, options, futures, forex, CFDs, and more. | The learning tools may be a bit less robust than the competitors |
| Advanced trading platform for professionals with superior charting, analytics, and order types. | Long lists of features can be confusing to navigate |
| Wide international market coverage and assets | |
| Excellent customer service | |
| Accessible to different levels of traders |
City Index - Learn. Practice. Trade
Currency Pairs
65+
Minimum Deposit
$150
Maximum Leverage
1:30
City Index, founded in 1983, is one of the prominent UK-based regulated CFD brokers offering wide-ranging trading facilities in Forex, Commodities, Indices, Shares, and Cryptocurrencies. Being a member of the StoneX Group, the company has earned a strong reputation for dependable trading solutions coupled with tight competitive spreads. FCA and other top-tier authorities regulate City Index, providing all types of traders with the most user-friendly platforms, educational resources, and advanced trading tools.
City Index particularly boasts of its powerful Trading Academy which makes it ideal for novices and experts with advanced trading capabilities. Their state-of-the-art WebTrader and MT4 platforms, in combination with analytics like Performance Analytics and SMART Signals, form a top-notch trading environment. The system is also fast, thereby ensuring fluid trading activities.
- Advanced WebTrader and MT4 platforms with mobile app functionality
- The all-in package with Performance Analytics, Smart Signals, and professional market analysis
- Lightning-fast execution with 99.99% of CFD trades executed in under a second
- Dedicated 24/5 support with market-leading technology
- Comprehensive Trading Academy with courses and learning materials
| PROS | CONS |
|---|---|
| Robust regulatory compliance across several jurisdictions | MT4 product offering is limited |
| Award-winning PlayMaker risk management product | No MT5 option given |
| Mobile trading app with user-friendliness | Scarce updates on educational videos |
| Innovative research and analysis tools | |
| 48 forex pairs available for forex trading with spreads starting at 0.6 pips |
CapPlace - CFD Trading Made Simple
Currency Pairs
20+
Minimum Deposit
$250
Maximum Leverage
1.200
CapPlace is the best CFD trading platform that has successfully carved a niche for itself in the online trading industry. They offer full-fledged CFD trading solutions in forex, commodities, as well as cryptocurrencies. Although its advanced features and complicated trading tools cater more to experienced CFD traders, its array of learning resources and user-friendly interface make it a great choice for traders at any level of expertise.
CapPlace is one of the best platforms for CFD trading and it offers leverage ratios of up to 1:200, diversified choice in CFD assets, as well as a strong trading infrastructure. Its multi-tiered trading account system, transparent trading fees, and dedicated customer support create a highly reliable trading environment that appeals to both novice and professional traders.
- Web-based interface and mobile app for flexible trading
- Real-time analytics and earnings calendar for informed decision-making
- Account types with progressive features include Silver, Gold, and Platinum.
- Access to multiple CFD instruments, such as trading of currencies, commodities, and cryptocurrencies
- Free dedicated support and trading tools accessible across all the account types
| PROS | CONS |
|---|---|
| Friendly web and mobile platforms | Very few educational materials |
| High leverage of up to 1:200 | No algorithmic trading |
| Maintenance fees are missing on all the accounts | Premium accounts need a high minimum deposit |
| It offers diversified financial instruments | |
| Multiple types of accounts for trading |
Comparing The Best Forex Broker for Beginners
| Forex Brokers | MT4 | MT5 | Average Spread EUR/USD | Withdrawal Charges |
|---|---|---|---|---|
| CMC Markets | ✔ | ✔ | 1.12 | $0 |
| FxPro | ✔ | ✔ | 1.2 | $0 |
| Pepperstone | ✔ | ✔ | 0.1 | $0 |
| FP Markets | ✔ | ✔ | 1.1 | $0 |
| FOREX.com | ✔ | ✔ | 1.4 | $0 |
| FXRoad | ✔ | ✖ | 0.6 | $0 |
| IG | ✔ | ✖ | 0.86 | $0 |
| Interactive Brokers | ✖ | ✖ | 1.10 | $10 |
| City Index | ✔ | ✖ | 0.7 | $0 |
| CapPlace | ✖ | ✖ | 1.6 | $0 |
Why Choose a CFD Broker?
A reliable CFD broker makes trading safe and effective. The broker plays a crucial role in fostering a closer relationship between the trader and the financial markets. Regulated financial bodies regulate key aspects of the selection process, along with the functionality and reliability of the CFD trading platforms and trading fees. Other critical factors include account types compatible with trading objectives and safety aspects such as segregated retail investor accounts, customer support, trader’s education, and reputation.
Key Factors to Consider While Choosing the CFD Brokers
When choosing the best CFD broker, several key factors play a very important role. Here are a few points to consider:
- Regulatory Oversight – To protect the investments from any potential harm, be sure the regulatory body that is watching over the broker is legitimate.
- Security Measures – Ensure they have very good encryption and other data protection processes in place to secure sensitive information you have added.
- Client Segregation – Determine if they use different trading accounts to segregate trading funds in case their company becomes insolvent.
- Mobile Trading Capabilities – Check whether the broker allows mobile trading so that you can trade anytime and from anywhere.
- Charting Analysis and tools – Look for advanced tools for charting and technical analysis features that fit your trading needs.
- Spreads and Commissions – Compare spreads and associated fees, which can be very crucial to trading profits.
- Language Options – Make sure the broker offers multilingual service if you want support in your native language.
- Educational Resources – This is an important feature through which a broker should support educational materials, tutorials, as well as webinars meant to help you become an expert trader.
- Client Reviews and Testimonials – To determine how reputable and trustworthy a broker is in the markets, read client feedback and testimonials.
Choosing the right broker who meets the above-mentioned CFD broker selection criteria will help you maximize your success in trading.
Our Methodology
In choosing the top CFD brokers, we have considered a comprehensive methodology, focusing on criteria that may be important for assurance of safety and efficiency in trading CFDs. Here are a few features that help forex traders make informed decisions suited to their requirements and preferences.
- Broker’s Trading Features
- Security Measures
- Platform Usability
- Fees Structure
- Deposit and Withdrawal Options
- Negative Balance protection
Conclusion
When evaluating the best forex brokers, key criteria to examine included FCA and ASIC compliance, platform dependability, user experience, negative balance protection, market range, and customer service quality. Trading fees, such as spreads and commissions, as well as the educational and research resources provided by the corresponding broker, have all been carefully considered. Since regulations, fee structures, and platform offerings are subject to frequent change, it is prudent for traders to periodically evaluate their broker selection and remain informed about market developments and trading strategies. Being aware of new market trends allows a CFD trader to improve their trading strategy and choose the right broker.
Which forex trading platform is best for beginners?
According to our evaluation, Plus500 is the most beginner-friendly forex trading platform with a convenient account opening process, deposit and withdrawal options, minimum deposit requirement, and top-notch security measures.
What are the major risks of forex trading?
Even with the best forex platform for beginners, traders must be careful of the major risks involved in forex trading, such as market risk, leverage risk, liquidity risk, counterparty risk, and liquidity risk.
Which is the best app for forex trading?
The best forex trading app for beginners is eToro which allows traders to easily deposit and withdraw using any of their suitable payment methods, offering instant and free deposits and a perfectly optimized mobile trading experience.
Is Forex trading worth it for beginners?
Forex trading is 100% worth it for beginners because of its potential for high profits. However, it is essential to understand that forex trading is not an easy, get-rich-quick policy that guarantees profits. It requires skill, discipline, and knowledge to be successful.