Top 10 Online Brokers for CFD Trading

Advertiser Disclosure	Features We Like	Rating	Risk Warning
1 Excellent	The pioneer of Social Trading is now offering an exclusive opportunity for investors who want exposure to the most popular cryptocurrencies like Bitcoin, Dash, Ethereum and more. Trade crypto 24/7 at eToro! World's Leading Social Trading Platform Proven Track Record of Security Unlimited Daily Withdrawals Min. Deposit of $200 to Get Started Instant Trade Execution	9.9 Our Score Read Review	VISIT SITE 68% of retail CFD accounts lose money
2 Excellent	Ally Invest has some of the industry's lowest trading fees with no minimum to open an account and no hidden fees. Ally offers a wide range of platforms for both self-directed investors, as well as traders who want more guidance Low Commissions Low Fees on Options & Bonds No Downloads Required Auto-Balancing of Managed Portfolios	9.7 Our Score Read Review	Visit Site
3 Very Good	Fidelity is a broker that knows what its clients want, providing a sophisticated, sharp, and innovative trading experience across a range of markets. From investing to financial planning, Fidelity gives you everything you need. Low Minimums & No Annual Account Fees Straightforward Competitive Pricing Expert Insights & Investing Tools Available	9.5 Our Score Read Review	Visit Site

T&C's apply to each of the offers above, click "Visit Site" for more details.

Risk Warning: Users should be aware that all investment markets carry inherent risks, and past performance does not assure future results. Trading of any kind is a high-risk activity, and you could lose more than you initially deposited. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 73-89% of retail investor accounts lose money when trading CFDs. Please be sure you thoroughly understand the risks involved and do not invest money you cannot afford to lose. Your capital is at risk. Advertiser Disclosure: TopBrokers.Trade is an independent professional comparison site funded by referral fees. The compensation TopBrokers.Trade receives is derived from the companies and advertisements featured on the site. Due to this compensation, we can provide our users with a free comparison tool. Unfortunately we are unable to list every broker or exchange available, however, we do our best to review as many as possible.

Our Top Recommended Brokers

The pioneer of Social Trading is now offering an exclusive opportunity for investors who want exposure to the most popular cryptocurrencies like Bitcoin, Dash, Ethereum and more. Trade crypto 24/7 at eToro!	9.9 Brokers Rating Read Review Excellent	Demo Account: Yes Accepts PayPal: Yes Min Deposit: {currency}200	VISIT SITE 68% of retail CFD accounts lose money
Ally Invest has some of the industry's lowest trading fees with no minimum to open an account and no hidden fees. Ally offers a wide range of platforms for both self-directed investors, as well as traders who want more guidance	9.7 Brokers Rating Read Review Excellent	Demo Account: No Accepts PayPal: No Min Deposit: None	Visit Site
Fidelity is a broker that knows what its clients want, providing a sophisticated, sharp, and innovative trading experience across a range of markets. From investing to financial planning, Fidelity gives you everything you need.	9.5 Brokers Rating Read Review Very Good	Demo Account: No Accepts PayPal: No Min Deposit: None	Visit Site

The Beginner’s Guide to CFDs

What is a Contract for Difference (CFD)?

A contract for difference, better known as a CFD, is a system of derivative trading. With CFD trading, you will be able to speculate on the financial assets of the global markets, such as indices, shares, currencies, commodities, and treasuries.

How does CFD trading work?

When CFD trading, you are speculating on the price of an asset, you aren’t actually buying or selling the underlying asset like when you are buying stocks. Instead, you buy or sell a contract of units on a specific instrument all depending on if you think that the prices will go increase or decrease. For every point that the instrument’s price moves in your favour, you will gain multiples of the amount of CFD units which you have bought or sold. When the price moves against you, you’ll make a loss. Remember that your losses may exceed the amount that you deposited.

Short-selling CFDs in a falling market

CFD trading lets you sell, or essentially short, an instrument that you expect to fall in value, with the goal to profit from the predicted descent in price. If it turns out that your prediction is correct, then you can buy the asset back again at a lower price, and you will then earn a profit on it. If your prediction happens to be incorrect and the value rises, you will lose your profit. Again, it is very important to keep in mind this loss can exceed your deposits.

Access to global markets

With CFD trading, you have access to a wide array of markets that otherwise wouldn’t be available to retail investors all on one trading platform.

CFD trading as a margined product

What this means is that you trade by paying only a small fraction of the total value of the contract. You can put up a small amount of money to control a larger amount, which can potentially magnify your return investment.

How to Choose the Best Online Broker for CFD Trading

Making the decision on which CFD Trading Broker is best, can be quite a daunting task. Since there’s is a lot of competition in the trading industry in addition to the numerous brokers to choose from, it is best to make an informed decision by comparing your options. The needs of a fx trader may change as you become more confident and advanced. However, for beginners, we have a few suggestions to keep in mind as you make your decision:

Regulation

Every country has a regulatory body, such as the Financial Conduct Authority (FCA) in the UK. The governing body creates policies, rules, services and programs to help protect and maintain the integrity of the market, traders, investors and the brokers themselves. They help members meet legislative responsibilities. Because of potential safety concerns with regards to the deposit, you will want to be sure that your accounts are with a regulated trading firm.

Tradeable Assets

While selecting the best CFD Trading Broker for you, it’s possible just to concentrate on CFDs. However, you should keep in mind there are many types of investment alternatives offered as well, such as Cryptocurrencies, Forex (FX), Stocks, ETFs, or trading in futures or options.

Customer Support

Online trading takes place 24 hrs a day. Therefore, you will want to make sure that customer support is available at all times, should the need arise. Particularly for CFD trading beginners, you may find it easier to receive on the spot local UK phone support rather than waiting to receive answers via email. Check out the customer service centre to see what type of customer service they provide, by giving them a call. Take note of the time required to receive the help you need. Also, look into the representative’s ability to answer your questions about the various features and trading basics.

Account Options

An ideal broker should offer you either multiple account options or they should have the option to customize accounts based on your needs. Try looking for an online Brokerage that offers competitive spreads and has easy and straightforward deposits/withdrawals.

Interest

A CFDs trading broker should be able to provide you with the necessary information regarding the interest charged on leverage. Even though the interest rates do not change drastically between brokers, you may want to check out what they offer with regards to interest.

Platform Type

There are different online CFD trading platform types. Depending on what your needs are, you will want to see what each broker offers. If you do most of your trading on the go, you will want to make sure that the platform has a mobile option.

For more information on CFD Trading, please see our tutorial: The Basics of CFDs

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