Best CFD Broker & Platforms UK

Looking for the Best CFD Broker and Platform in the UK?

Does CFD Trading seem complicated?

We have spend over 180 hours searching for the best regulated CFD Broker in the United Kingdom, in this article, we will present the results.

Here Are The Best CFD Brokers UK:

Risk 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. You should consider whether you can afford to take the high risk of losing your money. Bullmarketz may be compensated by some of the brokers listed on our website.

Is CFD Trading allowed in your country?

CFD Regulation Country by Country. The CFD trading services we are listing in this article is available in the following countries.

Are you based in the United Kingdom? Canada? Australia or US? Find out if you can trade CFDs.

Europe:

  • Albania
  • Bosnia & Herzegovina
  • Bulgaria
  • Croatia
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Kosovo
  • Latvia
  • Lithuania
  • Macedonia
  • Malta
  • Moldova
  • Montenegro
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Turkey
  • Ukraine
  • United Kingdom

Excluded: Belgium

North America

  • Belize
  • Canada
  • Costa Rica
  • Cuba
  • Guatemala
  • Honduras
  • Jamaica
  • Mexico
  • Nicaragua
  • Panama
  • Puerto Rico
  • The Bahamas

Excluded: United States

South America

  • Argentina
  • Bolivia
  • Chile
  • Colombia
  • Dominican Republic
  • Ecuador
  • Guyana
  • Paraguay
  • Peru
  • Suriname
  • Uruguay
  • Venezuela

Excluded: Brazil

Africa

  • Algeria
  • Angola
  • Benin
  • Botswana
  • Burkina Faso
  • Burundi
  • Cameroon
  • Central African Republic
  • Chad
  • Democratic Republic of Congo
  • Egypt
  • Eritrea
  • Ethiopia
  • Gabon
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Kenya
  • Lesotho
  • Liberia
  • Libya
  • Madagascar
  • Malawi
  • Mali
  • Mauritania
  • Morocco
  • Mozambique
  • Namibia
  • Niger
  • Nigeria
  • Republic of the Congo
  • Rwanda
  • Sierra Leone
  • Somalia
  • South Africa
  • South Sudan
  • Sudan
  • Swaziland
  • Tanzania
  • The Ivory Coast
  • Togo
  • Tunisia
  • Tunisia
  • Uganda
  • Western Sahara
  • Zambia
  • Zimbabwe

Middle East

  • Georgia
  • Armenia
  • Azerbaijan
  • Iran
  • Iraq
  • Syria
  • Lebanon
  • Cyprus
  • Israel
  • Jordan
  • Saudi Arabia
  • Kuwait
  • Bahrain
  • Qatar
  • United Arab Emirates
  • Oman
  • Yemen

Asia

  • Afghanistan
  • Bangladesh
  • Cambodia
  • China
  • China
  • India
  • Indonesia
  • Japan
  • Kazakstan
  • Kirgizistan
  • Laos
  • Malaysia
  • Mongolia
  • Myanmar
  • North Korea
  • Pakistan
  • Papua New Guinea
  • Philippines
  • Singapore
  • South Korea
  • Sri Lanka
  • Thailand
  • Turkmenistan
  • Uzbekistan
  • Vietnam

Excluded: Hong Kong

Oceania:

Tested CFD Brokers:

  • eToro
  • Markets.com
  • 24Option
  • IQ Option
  • BDSwiss
  • HotForex
  • Trade.com
  • Libertex
  • Plus500
  • XTB
  • InstaForex
  • IG Markets
  • GKFX
  • LionsFX
  • Valutrades
  • XM
  • IronFX
  • Blackwellglobal
  • FPMarkets
  • AmanaCapital
  • Admiralmarkets
  • Alvexo
  • Bizintra
  • Pepperstone
  • Windsorbrokers
  • FXPro
  • ForexTime
  • HYCM
  • FXGrow
  • TeleTrade
  • Trader.online
  • Marketscube
  • Finmaxbo
  • FXCC
  • Oanda
  • Forex.com
  • LCG
  • CMC Markets
  • FXCM
  • iForex
  • IFC Markets
  • Aaatrade

Best CFD Trading Platform UK – Top 5

1. Plus500 – Simple and Accessible Trading Platform. 

Plus500 is a broker that is publicly traded on the London Exchange.

Over the years, Plus500 has attracted a large number of loyal customers and has made a name for themselves for being trustworthy and professional.

The Plus500 demo account is unlimited and it does not require any deposit. However, it is Plus500’s dedication to staying relevant that earns them a spot on the list of the best CFD brokers.

Platform: The Plus500 Platform
License: CySEC, FCA
Assets: Stocks, forex, commodities, cryptocurrencies, options, ETFs, and more
Demo Account: Yes

Read our Plus500 Review

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Find the best trading platform. You capital is at risk when trading. Be careful.

2. CMC Markets – Undoubtedly A Top UK CFD Broker

10,000+ assets, two award-winning platforms, mobile trading apps, greatest analytic tools on the market, highest security possible, and experience that spans several decades.

That is what makes CMC Markets not only one of the best CFD brokers in the UK but one of the best online brokers in general.

The selection of CFDs includes stocks, commodities, ETFs, indices, and more, but you also have the option of trading forex and cryptocurrencies or partake in spread betting.

Naturally, this broker is also fully regulated and safe to use with licenses and operations all around the globe.

Platform: Next Generation + MT4
License: the FCA
Assets: Stocks, commodities, ETFs, indices, etc.
Demo Account: Yes

Read our CMC Markets review

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Find the best trading platform. You capital is at risk when trading. Be careful.

3. eToro – Copy Trading, suitable for beginners.

eToro is the undisputed king of copy trading in the forex and CFD industry.

Their copy trading function and their CopyFunds makes every other copy feature look inferior.

On top of that, eToro has a clean interface, a large selection of assets, and all the necessary licenses to offer their services in Europe and beyond.

And let’s not forget the largest social trading network in the world. Needless to say, eToro is one of the best CFD brokers of all time.

Platform: Their own copy trading platform and social trading
License: CySEC, FCA, and more
Assets: Forex, cryptocurrencies, stocks, commodities, bonds, and more
Demo Account: Yes

Read our eToro Review

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Find the best trading platform. You capital is at risk when trading. Be careful.

4. IG Markets – The Industry’s Most Respected Broker

IG Markets is one of the oldest players in the game. The broker was founded in 1974 and have been providing world-class trading services ever since.

Today, IG Markets is known for its outermost professionalism, an extensive selection of exciting assets, and groundbreaking collection of trading platforms.

By signing up for an IG account, you’ll gain access to 12,000 CFDs and currency pairs ranging from international stocks and indices to commodities and cryptocurrencies.

If you’re looking for a broker that offers equal parts security and exciting trading opportunities, then picking IG Markets should be a no-brainer.

Platform: MetaTrader and Advanced Platform
License: FCA
Assets: 12,000 CFDs and currency pairs
Demo Account: Yes

Read our IG Markets guide

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Find the best trading platform. You capital is at risk when trading. Be careful.

5. AvaTrade – Great Platforms for All Traders

AvaTrade is a phenomenal online broker based and licenses in Ireland. Compare to some other brokers, AvaTrade has a more limited selection of assets with a total of 250.

However, what they lack in variation, the more than make-up for in amazing platforms and efficient trading solutions.

These days, AvaTrade is mostly known and appreciated for its mobile trading app called AvaTradeGo. Although, they also provide access to great desktop trading options including MetaTrader 4.

Trading CFDs with AvaTrade is always a great experience and due to their limited selection of CFDs, they are perfect for beginners looking to learn the basics of online trading.

Platform: Several including their own
License: Central Bank of Ireland
Assets: 250 spanning several markets
Demo Account: Yes

Read more in our AvaTrade review

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Find the best trading platform. You capital is at risk when trading. Be careful.

6. City Index – 12,000 Assets and a Top CFD Broker

Not only does City Index offer 12,000 assets as CFDs, but they also have one of the best CFD trading platforms that we’ve ever used.

Combine that with a great spread, all the necessary licenses, and the option to spread bet assets if you want too, and you have one of the greatest CFD brokers out there.

City Index has been around for a very long time and was one of the first spread betting brokers in the UK back in the 1980s. Today, the brand has grown into something much bigger than that and they excel when it comes to CFD trading on the world’s most popular markets.

With a City Index CFD trading account you will be able to trade on shares, indices, commodities, bonds, cryptocurrencies, and several other markets.

Platform: AT Pro and MetaTrader 4
License: the FCA and many more (including in CA and US).
Assets: 12,000 shares, indices, cryptocurrencies, commodities, etc.
Demo Account: Yes

Check out our City Index review

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Find the best trading platform. You capital is at risk when trading. Be careful.

6. Forex.com – All the Tools you Need for Efficient CFD Trading

Despite the name and this broker’s dedication to forex trading, Forex.com is actually a fantastic CFD broker as well.

In total, this broker offers 4,500 assets from all over the world including shares, commodities, cryptocurrencies, and indices. Now, since the selection of assets is a little more limited, this broker is perfect for beginners, even though most of their customers are experienced traders.

This is also a sister company to City Index so if you already like that broker, Forex.com will be right down your alley.

Platform: Forex.com and MetaTrader 5
License: the FCA
Assets: 4,500 shares, commodities, indices, FX pairs, and cryptocurrencies.
Demo Account: Yes

Read more in this Forex.com review

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Find the best trading platform. You capital is at risk when trading. Be careful.

7. IQ Option – Low amount of assets, best CFD platform. 

We have used to use IQ Option for trading for many years, now they are really taking their product to the next level and we are very excited about that since the new platform since it has helped strengthen the broker’s brand even more.

In fact, IQ Option excels in every aspect and will remain a market leader for years to come. Definitely one of the best CFD trading platforms.

Platform: Their own
License: CySEC
Assets: Cryptocurrencies, forex, stocks, commodities, and ETFs
Demo Account: Yes

Read our IQ Option Review

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Find the best trading platform. You capital is at risk when trading. Be careful.

 8. InstaForex – Great CFD Trading Platform and selection. 

InstaForex offers a good selection of forex and CFDs on several instruments and they have all the necessary licenses to offer trading in Europe and elsewhere in the world.

This broker is as modern as brokers can be with state of the art platforms, excellent charting tools, and great customer service.

All in all, InstaForex provides an unparalleled trading experience and that’s why we think they are a top CFD broker.

This broker is also constantly growing and we are certain they will take more and more market shares over the next coming few years.

Platform: MetaTrader 4 and MetaTrader 5
License: CySEC
Assets: Stocks, forex, commodities, cryptocurrencies, and more
Demo Account: Yes

How We Did This Research

We, the team working at BullMarketz.com, have many years of combined experience from several markets and all types of trading and thus during our years in the business, we have tried many brokers.

Due to our extensive experience, we know what should be required from a good broker and we are more than willing to share that information.

We have listed some of our absolute favorite CFD brokers on this page. You can consider this list the icing on the cake, the creme de la creme, and the elite of CFD brokers.

What we looked at when we did the research:

License and regulation – The first and most important thing we checked where if the broker is regulated and if they have all the licenses they need to operate. An unlicensed broker can easily rip you off and walk away with your money without any consequences.

In order to receive a license from one of the leading authorities in the industry, a broker needs to follow strict guidelines, volunteer to get audited on a regular basis and offer certain services and protection to their customers. Because of this, most brokers are proud of their licenses and they never try to hide this information. Usually, you’ll find a broker’s license further down on the website or under the “About Us” tab.

The leading regulatory bodies in Europe are the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA, Great Britain).

Available Assets – After we confirmed that the broker is licensed and regulated we had a look at the selection of assets. CFDs can be traded on pretty much any market and asset which means that many CFD brokers offer thousands of assets. In our opinion, the best CFD brokers have many assets in several markets because it gives you the freedom to invest in what you want as well as the option to switch things up.

Many of the CFD brokers we recommend offer some of the most popular asset classes like forex trading, stocks and indices, commodities such as energy and metals, and cryptocurrencies. That being said, not all brokers offer all of the markets but most offer at least a few of them. No matter what market you are looking to trade on you can rest assured that we have recommended the best CFD broker for that specific market.

Platform – The third step is to make sure that the broker’s platform is good. There is a multitude of different platforms that can either be developed by the broker or by third-party companies. It is important to take a close look at the different features and tools and see if they are beneficial for most of the traders. Trust us, using a broker with a platform you don’t like will quickly get miserable. The best way to test a trading platform is by opening a CFD demo account that lets you trade without risk.

Trading fees – All brokers come with different trading fees, even though there are some standards in the CFD industry. The fees are very important for our clients and obviously, the cost of trading is one of the main aspects we look at when evaluating brokers. Are they offering competitive spreads?

Are CFD Brokers Safe and Regulated?

Yes, every broker recommended on this page is completely safe to use. You see, your safety is of high importance to us and we want nothing more than to recommend you a safe trading environment in which you can thrive.

In order to ensure that each broker we recommend is safe, we look at regulation and the licenses that the brokers have. Moreover, we also study the brokers’ past and make sure that they have a good reputation and that they haven’t been involved in any bad press.

As mentioned, we would never recommend a broker that we wouldn’t feel comfortable using ourselves and every broker on this site is safe. Also, all of our reviews are unbiased meaning we’ll let you know if there is something we don’t like about a particular broker or if we encountered any problems and issues.

Why use a CFD provider?

What is the main difference between a CFD-broker and the more traditional way of buying stocks? There are both pros and cons to using a CFD-broker. We are going to list some of the positives of using a CFD broker.

Leverage – Leverage is something that most brokers offers and one of the main benefits of using contracts for difference broker. Leverage gives you the ability to enter trades that are bigger than the amount you physically invest by using credit. Let’s say that you invest $100 dollar buying a stock with 10 x  leverage. You will then have invested $1000. Leverage works both ways. It will increase probability if you have done successful investments but it will also increase losses It’s a way to increase your potential profit from a certain investment, and it makes it possible to experience gains from speculating on even the smallest market movements. Essentially, leverage provides you with increased buying power. Leverage is excellent if you know how to use it and can be dangerous if you have no clue what you are doing.

Safety – When you use a regulated CFD broker, you are guaranteed a certain level of safety. You see, in order to be regulated a broker needs to live up to a certain standard in terms of fairness and security measures. They also agree to be audited on a regular basis.

This means that you can feel safe that you won’t be scammed or ripped off when using one of the best-regulated brokers in the world. Just note that a broker can’t protect you from possible losses. Ultimately, it is your responsibility to trade smart and avoid losing too much on the way.

Margin – A margin is essentially a loan that you broker provides to you. Depending on what asset you are trading the brokers offers different margins. It can be double your investment but it can also be several times higher than the funds in your account. Margins, like leverages, can be genius if used in the right way. Needless to say, margins also comes with risks. Make sure you know what you are doing.

Cost  – There are so many markets and so many localized rules to trading that apply to taxes, stamp duty and so on. CFD-trading is in many markets a cost-efficient way to trade.

Most of the brokers that we recommend are commission-free meaning no commission will be charged on your trades. Also, they all compete in trying to offer the most competitive spreads which push the cost down even further. As if that wasn’t enough, fees are usually kept to a minimum and are only applied where necessary.

Short – Going short? Then you should for sure use a CFD-broker. Short trading is generally considered pretty hard to do when doing more traditional stock investments. CFD-brokers offers excellent tools for short trading. In fact, CFD trading is set up in a way where you have two options for every trade. You can either purchase a buy position or a sell position. A buy position is a traditional investment (buy low sell high) and a sell position is what is called short selling or betting against the market.

Education – Every single broker that we have recommended to our readers provides educational material and training. Typically, this material ranges from written guides with examples to animated videos, live trading, and webinars. The material also tends to apply to beginners as well as more experienced traders and can be really useful at times.

Advanced trading platforms – It is no secret that CFD brokers are years ahead when it comes to their platforms. Are you looking for helpful features and easy to use platforms that make trading both more fun and more profitable? Then you should pick a CFD broker.

FCA and CySEC

The FCA license means that the Financial Conduct Authority has full insight into the operations of the broker, they run regular checks and audits and make sure the broker acts according to the regulations. The FCA is a watchdog for CFD brokers, banks, and similar services.

The same goes for CySEC, Cyprus Securities and Exchange Commission.

How do you know if a broker is FCA or CySEC regulated? They clearly state this somewhere on their home page, and as a rule, you can always find the license number in the footer. Also, all the brokers we recommend are licensed so you can always opt for one of them.

Contact the FCA

FCA Head Office

  • 12 Endeavour Square
  • London E20 1JN
  • Company no. 01920623
  • Contact FCA
  • Call FCA: 0800 111 6768 (freephone)
  • 0300 500 8082 (UK)
  • +44 207 066 1000 (from abroad)
  • FCA is open Monday -Friday, 8 am – 6 pm, Saturdays 9 am – 1 pm.

Why would you contact the FCA? Well, if you experience any troubles with UK brokers it’s the FCA’s duty to help you find a solution to your problems. If you have been exposed to a scam, wish to file a complaint or simply consult with an expert we recommend that you contact the FCA. This concerns only FCA regulated brokers. And remember, the FCA is on your side.

A Few Final Words

We are reaching the end of this article on how to pick the best CFD broker and we hope that we have made your choice a bit easier.

A few key takeaways from this article would be to always choose a regulated broker for safety reasons.

Also, make sure that the license they have is real and issued by a serious authority in the industry (such as CySEC or FCA or similar).  It could also be a good idea to read a bit on forums to hear what people have to say about the broker.

Be a bit careful with this one as many people who have lost money tend to leave noncorrect and very subjective comments.

In terms of the platform, there are a few things you need to check out. Make sure the assets you want to trade are available.

Also, go through the functionalities offered by the broker, do you need stop loss? Any other functions you are expecting?

Lastly, make sure that you like the product you are using and that it’s easy for you to spend several hours per day on the platform without getting bored.

Good luck! We hope that you find the broker that you are looking for.

Our Author:

Our editorAdam Jarfjord is a Swedish day trader, investor, and copywriter. He works as head of content at BullMarketz.com and has been providing editorial content within the financial sector for more than 5 years.

Read more about him by visiting his LinkedIn profile or contact us directly to learn more about the team.

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