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Compare Forex and CFD Brokers

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

There are a lot of CFD and forex brokers. Some of them offer a free demo account which allows you to test the trading platform before opening a real account. Choosing a suitable broker or comparing brokers isn't always easy. First and foremost you should only choose a well regulated broker, this limits the chances of being scammed. Other things to keep in mind are the functions you desire on the trading platform, minimum deposit, counterparty risk,... And do they offer webinars and seminars, education, daily analysis, trading signals,...?

Funding your account and withdrawing money is easy with a Skrill account, which is accepted by most brokers.

Alphabetical ranking

AvaTrade

Advanced platform
Negative balance protection

AvaTrade


Regulation*
CBI (EU)

Minimum Deposit
$100

Blackwell Global

Advanced platform
STP broker, no market maker

Blackwell Global

  • STP (Straight Through Processing)
  • Top-tier MT4 bridging technology, very fast execution
  • Substantially better capitalized than the majority of brokers in the industry
  • Premium service: all clients have the benefit of receiving their own personal client manager
  • Free unlimited demo

Regulation*
FCA (EU)

Minimum Deposit
$500

ForTrade
Negative balance protection
User-friendly platform

Fortrade

  • Very easy to use ForTrade platform and mobile apps
  • Nice and clear charts and technical indicators
  • Very suitable for price action trading
  • Trading is also possible on MT4: MetaTrader 4 software, MT4 Webtrader, MT4 Android App en MT4 iOS App
  • Good education in the Fortrade Academy with ebooks and videos on technical analysis and top trading strategies
  • Unlimited free demo

Regulation*
FCA (EU)

Minimum Deposit
$100

ICMarkets

Advanced platform
High leverage

IC Markets

  • True ECN broker: Institutional pricing with no dealing desk, no requotes and no trading restrictions
  • Trading with the cTrader platform or MT4 software
  • Very good customer service and free webinars with top traders
  • Free unlimited demo

Regulation*
ASIC - non EU

Minimum Deposit
$200

ITRADER

Advanced platform
Negative balance protection

ITRADER

  • Webtrader platform and MT4
  • Competitive spreads
  • Outstanding education
  • Good customer service
  • Open live account

Regulation*
CySEC (EU)

Minimum Deposit
$250

Markets.com
Negative balance protection
User-friendly platform

Markets

  • Markets platform with mobile apps
  • Advanced technical analysis tools
  • Excellent customer support, educational webinars
  • Bitcoin trading
  • Negative balance protection
  • Free unlimited demo

Regulation*
CySEC (EU) - FSB

Minimum Deposit
$100

Plus500
Negative balance protection
User-friendly platform

Plus500

  • Very easy to use platform with mobile apps
  • Charting and technical analysis is rather limited
  • Never lose more than your account balance, customers cannot lose more than the funds they have available on their account
  • Support: email and online chat
  • Free unlimited demo

Regulation*
FCA, CySEC (EU) - ASIC

Minimum Deposit
$100


Visit Plus500 Read our review
CFD Service. 80.6% lose money
Think Markets

Advanced platform
Negative balance protection

Think Markets

  • Trade with the award winning MT4 tradestation software or the ThinkTrader platform
  • Autochartist (automatic pattern recognition)
  • Expert Advisor (EA) trading
  • Daily news, analysis
  • Free unlimited demo

Regulation*
FCA (EU) - ASIC

Minimum Deposit
$250

Z.com
STP broker, no market maker
Advanced platform

Z.com

  • MT4 trading platform
  • STP model without dealer intervention
  • Very well regulated
  • All trading strategies allowed, EAs are welcome
  • Dedicated Customer Support
  • Free demo

Regulation*
FCA (EU) - SFC, FSA

Minimum Deposit
None

* Regulation:

Every country has an organisation which regulates the financial services industries. We only list brokers that operate in an officially regulated environment. List of regulators mentioned on this website:

  • ASIC: Australian Securities & Investments Commission
  • CBI: Central Bank of Ireland
  • CONSOB: Commissione Nazionale Per Le Societa' e La Borsa, Italy
  • CySEC: Cyprus Securities and Exchange Commission
  • FCA: Financial Conduct Authority, UK
  • FMA: Financial Market Authority, New Zealand
  • FSA: Financial Services Agency, Japan
  • FSB: Financial Services Board, South Africa
  • SFC: Hong Kong Securities and Futures Commission


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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