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.
All EU regulated brokers offer negative balance protection for retail traders! On the other hand, the leverage is maximum 30.
Important: Never work with an unregulated broker. Well know regulators in the forex and CFD market are CySEC (Cyprus), the FCA (UK) and ASIC (Australia).
CFDs are leveraged products and trading with leverage can result in the loss of your entire deposit. You can even lose more than your deposit if your broker doesn't offer negative balance protection. Trading CFDs or forex may not be suitable for you, so make sure you understand all the risks.
Regulation*
FCA (EU)
Minimum Deposit
$100
Regulation
CySEC (EU) and ASIC
Minimum deposit
$100
Regulation*
ASIC and CySEC
FSA Seychelles (no leverage limitations)
Minimum Deposit
$200
Regulation*
FCA, CySEC (EU) - ASIC
Minimum Deposit
$100
* 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:
*Plus500 UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
Plus500 CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (License No. 250/14).
Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727, issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. Derivatives issuer licence in New Zealand, FSP #. 486026 authorises Plus500 to issue these products to New Zealand residents. Plus500AU Pty Ltd, is also an authorized Financial Services Provider in South Africa, FSP 47546.
