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Online CFD Trading in 2021

Table of contents:

10 Best Platforms & Brokers

There are lots of CFD brokers and platforms out there for you to choose from. I try to list the best ones on this website.

Choose your country or browse the international trading platforms below.

We are compensated for referring clients to some of the listed trading providers.

Capital.com screenshot

Capital.com is the trusted partner of TradingView and Investing.com. They've got an amazing review score at Trustpilot, which you can see below.

You can trade a huge selection of instruments with this broker. This includes CFDs for over 2,400 shares, a range of indices, over 120 cryptocurrencies, and 40 commodities.

Capital.com Reviews

4.2 / 5.0 ~3,300 TrustPilot reviews
4.4 / 5.0 ~19,300 Google Play reviews
4.7 / 5.0 ~1,300 App Store reviews

Platforms

  • Capital.com CFD trading app: This is claimed to be the most beautiful CFD trading platform ever designed for a mobile device. It is available for both iOS and Android.
  • Capital.com web trading platform: This web platform won an award for "The Best Online Trading Platform 2020".
  • TradingView: You can connect Capital.com to TradingView which is an amazing charting tool.

Demo: Try trading with a demo account free of risk.

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Visit Capital.com
Libertex screenshot

With Libertex you can trade CFDs for over 50 stocks, lots of cryptocurrencies, a range of currency pairs, commodities, ETFs, and indices. They offer the largest list of cryptocurrencies of any of the CFD brokers we've written about so far. Unfortunately, none of the cryptocurrencies are available to trade for retail clients in the UK.

Libertex Reviews

4.3 / 5.0 ~3,000 TrustPilot reviews
4.3 / 5.0 ~20,300 Google Play reviews
4.5 / 5.0 ~180 App Store reviews

Platforms

  • Libertex's own: Mobile app available for both iOS and Android smartphones.
  • MetaTrader 4: One of the most popular trading platforms.

Demo: Try trading with a demo account free of risk.

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Visit Libertex
CMC Markets screenshot

CMC Markets offers a trading platform with access to 10,000 financial instruments you can trade with up to 30x leverage.

This includes over 300 currency pairs, popular cryptocurrencies like Bitcoin and Ethereum, over 9,000 shares (including 1,000 ETFs), a selection of commodities, and more.

CMC Markets Reviews

4.2 / 5.0 ~1,200 TrustPilot reviews
3.2 / 5.0 ~2,100 Google Play reviews
4 / 5.0 ~110 App Store reviews

Platforms

  • Next Generation: Choose between the advanced and the standard version.
  • Apps: Trade with the iPhone, iPad, or Android app.
  • MetaTrader 4: One of the most popular trading platforms.

Demo: Try trading with a demo account free of risk.

Risk warning: 76% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.

Visit CMC Markets
XTB screenshot

XTB is one of the largest stock exchange-listed FX and CFD brokers in the world with offices in over 11 countries.

They give traders the ability to trade over 1,500 instruments. This includes a lot of different shares and stocks for companies in 16 countries, including in the US, the UK, Germany, Italy, and more.

You can also trade a range of forex pairs, indices, commodities, ETFs, and cryptos with XTB.

Platforms

  • xTrader: A simple web-based award-winning trading platform.
  • xTrader Mobile: Trade on your smartphone. I believe this is only available for Android phones at the moment.

Demo: Try trading with a demo account free of risk.

Risk warning: 79% of retail investor accounts lose money when trading CFDs with this provider.

Review score: Rated 4.1 out of 5.0 on Trustpilot. 84% 4 and 5-star reviews. 14% 1 and 2-star reviews.

Visit XTB
eToro screenshot

eToro claims to be the world's leading social trading platform and I think they are correct.

The website statistics for the eToro website prove that they are one of the largest and most popular online trading sites overall.

They also inform on their website that they've got millions of users in over 140 countries.

You can trade a range of cryptos with eToro, including Bitcoin, Ethereum, Bitcoin Cash, Ripple, Dash, and Litecoin.

eToro Reviews

2.8 / 5.0 ~6,500 TrustPilot reviews
4.2 / 5.0 ~89,500 Google Play reviews
4.6 / 5.0 ~5 App Store reviews

You can also trade both regular stocks and CFDs for stocks with eToro.

About the reviews

It looks like a lot of the negative reviews are fake as they contain advertisements for other companies in them. The Google Play reviews are for the eToro crypto trading app.

Copy successful traders

The most popular feature of eToro is CopyTrader. This feature lets you copy other traders on autopilot. You can browse top traders to copy when you're logged into the platform. The filter lets you find traders trading in different markets, including, forex, crypto, and stocks. I can see several traders here, that can be copied, with over 80% returns last 12 months.

Platforms

  • eToro platform & app: "the world's leading social trading platform".

Demo: Try trading with a demo account free of risk.

Risk warning: 67% of retail investor accounts lose money when trading CFDs with this provider.

Visit eToro
Skilling screenshot

Skilling is a Scandinavian company that offers forex and CFD trading.

In total, you can trade over 800 instruments here. This includes CFDs for shares, indices, commodities, and cryptocurrencies.

Skilling Reviews

3.8 / 5.0 ~2 TrustPilot reviews
3.4 / 5.0 ~110 Google Play reviews
5 / 5.0 ~3 App Store reviews

Platforms

  • Skilling Trader: This platform was developed by Skilling to suit the need of both beginner and experienced traders. It has got full web and mobile support.
  • Skilling cTrader: This is a platform with more advanced functions. Including, for instance, algorithmic trading.
  • Skilling MetaTrader 4: Skillling has integrated with one of the most popular trading platforms, MetaTrader 4.

Demo: Try trading with a demo account free of risk.

Risk warning: 69% of retail investor accounts lose money when trading CFDs with this provider.

Review score: Rated 3.6 out of 5.0 on Trustpilot. Skilling has just one review at the moment. That is a 4-star review.

Visit Skilling
AVATrade screenshot

AVATrade offers trading of cryptocurrencies, ETFs, commodities, and stocks as CFDs. You can also trade forex here.

There are 11 different cryptos to trade here, including the most popular ones like Bitcoin and Ethereum. They offer up to 2x leverage on Bitcoin, 10x on commodities, and 5x on stocks.

AVATrade Reviews

4.7 / 5.0 ~5,700 TrustPilot reviews
4.6 / 5.0 ~5,500 Google Play reviews
4.5 / 5.0 ~420 App Store reviews

Platforms

  • WebTrading: Trade in your web browser without the need to download anything.
  • AvaTradeGo: Trade on your smartphone.
  • MetaTrader 4: One of the most popular trading platforms.
  • MetaTrader 5: Next-genetration trading platform.
  • AvaOptions: For FX and options trading with advanced strategies like "straddles", "strangles", and more.
  • Automated Trading: For auto-trading.
  • Mac Trading: Mac users can trade with MetaTrader 4 for Mac or WebTrading.

Demo: Try trading with a demo account free of risk.

Risk warning: 72% of retail investor accounts lose money when trading CFDs with this provider.

Visit AVATrade
IG screenshot

IG claims to be the world's leading CFD provider. They very well might be. I can at least let you know that they are one of the most popular ones according to website traffic statistics by Alexa.

With IG you can trade over 17,000 markets. This includes forex, indices, cryptocurrencies, shares, and commodities.

As I write this, they offer trading of 6 different cryptos: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Stellar, and NEO.

IG Reviews

3.7 / 5.0 ~4,600 TrustPilot reviews
4.3 / 5.0 ~12,200 Google Play reviews
4.6 / 5.0 ~20,900 App Store reviews

Platforms

  • IG's own: This has won several awards. The latest one in 2020.
  • Apps: They offer a feature-rich Android app and a specially designed mobile web platform for iOS.
  • MetaTrader 4: One of the most popular trading platforms.
  • ProRealTime: For easy algorithm building.

Demo: Try trading with a demo account free of risk.

Risk warning: 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

Visit IG
Plus500 screenshot

With the Plus500 trading platform, you can trade over 2,000 instruments. This includes CFDs on stocks, indices, currencies, commodities, and crypto. They've got CFDs for all of the most popular cryptocurrencies: Bitcoin, Ethereum, Litecoin, Stellar, Bitcoin Cash, and Cardano.

Plus500 Reviews

2.3 / 5.0 ~1,200 TrustPilot reviews
3.9 / 5.0 ~95,600 Google Play reviews
3.6 / 5.0 ~40 App Store reviews

You can trade crypto with up to 2x leverage. For commodities, they offer up to 10x leverage. However, for gold, you can get 20x leverage. For stocks, you can get up to 5x leverage. For their forex CFDs, they offer up to 30x leverage.

Demo: Try trading with a demo account free of risk.

Risk warning: 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Additional info: Plus500UK Ltd authorized & regulated by the FCA (#509909). Plus500CY Ltd authorized & regulated by CySEC (#250/14).‚Äč

Visit Plus500
Saxo Bank screenshot

Saxo Bank offers CFD trading for over 9,000 instruments. You can trade stocks, indices, forex, commodities, options, and bonds.

You can also trade cryptocurrency with Saxo Bank. They offer two different products. One is called Crypto FX which allows traders to take advantage of short-term volatility. And then there is an unleveraged instrument called Crypto ETPs for long-term investing.

Saxo Bank Reviews

2 / 5.0 ~1,400 TrustPilot reviews
4.2 / 5.0 ~3,100 Google Play reviews
4.3 / 5.0 ~3,700 App Store reviews

Platforms

  • SaxoTraderGO: Award-winning trading platform.
  • SaxoTraderPRO: Platform with advanced customization features.

Demo: Try trading with a demo account free of risk.

Risk warning: 70% of retail investor accounts lose money when trading CFDs with this provider.

Visit Saxo Bank

What is a CFD?

CFDs are financial instruments that can be used for short-term trading. It is not suitable for long-term investing. There are fees for holding on to a position with CFDs over time. For instance overnight. Make sure you learn how it all works before trading substantial funds. CFDs often come with high leverage enabling bigger results from smaller investments. Both to the downside and to the upside.

CFD trading advantages

There are advantages to CFD trading compared with buying stocks and other financial instruments directly. You can, for instance, trade with leverage and you can also often trade a wide range of all sorts of underlying instruments with the same CFD broker. This includes shares, cryptocurrencies, and commodities in most cases. You can also go short just as easily as you can go long with CFDs which can be a big advantage.

CFD trading risks

As you can see from the risk warning all CFD brokers are required to put on their websites, there are risks involved with online trading, and maybe CFD trading in particular. The main reason for this might be that there is built in a lot of leverage into CFDs. This can be a benefit if you know what you are doing. However, it can be terrifying to see a position move against you really heavily just because of a small drop in price on the underlying asset. CFDs also are subject to other rules as set by the brokers.