CFD trading is popular with both professional traders and retail investors. They offer a cost-efficient way to trade the most popular markets in a very leveraged manner without actually owning any physical assets. But, not all CFD brokers are created equal and it’s important to find one that caters to your specific requirements. Benzinga has reviewed hundreds of CFD brokers to help you choose the best one for your trading needs. We compare market spreads, trading platforms, customer service and more to help you make an informed decision.
While choosing a best cfd broker, you must consider all fees and charges. Some brokers charge a commission per trade, while others earn their profit through the market spread. You should also check the minimum deposit requirement, inactivity fees and withdrawal fees before making a final decision.
Why These Forex Brokers Stand Out in the UK Market
XTB is the best cfd broker for 2024 with over 5,500 global CFD markets across the most popular asset classes including stocks, indices, commodities and currency pairs. In addition, it offers low trading costs with no commissions on forex and cryptocurrency CFDs, but you will have to pay the market spreads. Its proprietary trading platform is available online, desktop software and mobile apps. Leverage is capped at 1:30 for eligible traders in the UK, Europe and Australia. The company also provides a free demo account for potential new clients. It’s important to note that trading CFDs is a risky investment and you can lose your entire capital.