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5 “Best” CFD Trading Platforms (May 2024)

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Trading CFDs is becoming more and more popular. This is thanks to the great flexibility offered by this form of derivative trading. You can benefit from both sides of the market and in some of the most secure, low-fee trading environments thanks to the best CFD brokers.

All of these brokers offer access to some of the best, most comprehensive trading platforms in the industry. Since the best trading platforms are integral to your daily life in trading, we have put together this top 5 listing of the best available.

1. eToro

eToro is one of most popular trading platforms in the world with over 20 million registered users. They offer low fees and minimum deposits, combined with a user-friendly platform.

eToro platform gives traders and investors access to more than 3,000 different financial assets, including stocks, cryptocurrencies, ETFs, indices, currencies (forex) and commodities which can be invested in both with and without leverage, giving almost anyone access to short-, mid- and long-term investment options.

Enjoy spreads from as low as 1 pip, and access leverage and diversify with 40+ global currency pairs. They offer unique trading tools such as stop loss,  short (without leverage), price alerts, and pro charts.

Read our eToro Review or visit eToro to open your account.

Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. {etoroCFDrisk}% 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. Residents of Brazil, China, Japan, Korea, Portugal, Turkey, Ukraine, & Russia are prohibited.

2. XM

XM is a well-recognized broker name in the industry and one of the top choices for CFDs trading in the market today. They have been around since 2009 and are very securely regulated around the world.

When it comes to the trading platforms available here, you will have access to two of the most respected in the world. These are both MT4 and MT5 trading platforms from MetaQuotes. Metatrader 4 has been around for almost 2 decades and is still the go-to choice for most new or experienced traders in the industry.

You can look forward to trading some of the more than 1,200 CFDs available with XM through these platforms that offer an extremely robust, easy to use environment. What makes both platforms a firm favorite beyond ease of use is that you can highly customize all of the charts and indicators you look at. The platforms come with a huge stock of charting tools and indicators that you can utilize when studying the assets.

Beyond this, both trading platforms are extremely lightweight and can run on almost any device. This is an important advantage for not missing any market moves and executing your trades quickly. They are also offered in all three available forms by XM, on desktop, web-based, and mobile.

For more on XM, their assets, trading platforms, and everything they have to offer, feel free to check out our full XM review or visit XM.

Warning: 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 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. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

3. AvaTrade

AvaTrade is another long-time broker that has established a strong presence and following in the sector. They have been around since 2006 and the Irish-based broker is considered by many as one of the best CFD trading brokers available.

With Avatrade you can trade their hundreds of available CFDs through a number of trading platforms. These include both MT4 and MT5 as well as the Avatrade proprietary trading platform which is web-based, and the AvatradeGO proprietary platform which is available for mobile trading.

These platforms provide a very much enhanced visual appeal and are also both extremely intuitive and user-friendly. You will also be able to access a great range of tools and features to help in creating a fully customized trading experience. Both trading platforms also cater for extremely fast order execution and a number of unique features that Avatrade makes available to help your manage your risk.

Our full Avatrade review is always available also to help you gain a deeper understanding of everything this top broker has to offer or visit AvaTrade.

Warning: 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 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. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

4. Pepperstone

Pepperstone makes the list as one of the best CFD trading platforms thanks to more than 10 years in the industry prioritizing traders through their transparent, good value broker services. Well-regulated by  the FCA in the UK, and others around the world, the broker has become a popular choice for many types of traders.

Through their proprietary and easy to use trading platform which is also available on mobile, you can engage in trading CFDs, Spread Betting, and more on all of the assets they have to offer. As a copy trader though they they are powered by Zulutrade enabling you to fully take advantage of copying other traders.

You can also always take a look at our Pepperstone review for an in-depth rundown on everything this top forex broker choice has to offer or visit Pepperstone.

Warning: 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. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

5. BDSwiss

BDSwiss is another experienced and trusted broker in offering CFDs trading. They do so through both the MT4 and MT5 trading platforms as well as their own proprietary trading platform that is up there with the best in the industry.

The BDSwiss trading platform on offer is web-based while they also offer a mobile trading platform that has won multiple awards in recent years. What you can expect here is a very user-friendly environment to help you in trading some of the more than 200 CFDs that the broker makes available. This means a wide range of trading tools, charts, and other features that are easily accessible. The platform itself is also very well presented and ideal for those just starting out in CFD trading.

As well as their unique trading features, the BDSwiss trading platform also supports as many as 20 languages so you are fully supported around the world. It also caters for extremely fast, efficient order execution and commits to not providing any requotes on your trades.

BDSwiss has been a top broker with a lot to offer for almost a decade. For the full lowdown, you can see our complete BDSwiss review or visit BDSwiss.

Warning: 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 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. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

Anthony is a financial journalist and business advisor with several years’ experience writing for some of the most well-known sites in the Forex world. A keen trader turned industry writer, he is currently based in Shanghai with a finger on the pulse of Asia’s biggest markets.