Contracts for Difference (CFDs) have become a popular form of trading, offering flexibility and accessibility to a wide range of markets. With the rise in demand for CFD trading, the number of brokers operating in this space has also increased significantly. As a trader, it can be overwhelming to choose from the numerous options available in the market. To make your decision-making process easier, we have compiled a list of reputable and well-established CFD brokers known for their substantial market presence.
Top Best Forex Brokers in the world 2024
✅#1 Exness Open An Account or Visit site
✅#2 JustMarkets Open An Account or Visit site
✅#3 XM Open An Account or Visit site
✅#4 Avatrade Open An Account or Visit site
✅#5 XTB Open An Account or Visit site
✅#6 OctaFx Open An Account Here
✅#7 HF Market Open An Account or Visit site
✅#8 PepperStone Visit site here
✅#9 Deriv Visit site here
✅#10 FPMarket Open An Account or Visit site
Introduction
Before we dive into the top 10 biggest CFD brokers in the world, it’s essential to understand that creating a definitive ranking is impossible. There are several reasons for this:
No Consistent Ranking
There is no single, universally accepted ranking system for CFD brokers based on size. Different sources might use different metrics like trading volume, client base, revenue, or asset size, leading to varying results.
Privacy
Many brokers don’t publicly disclose detailed information about their size or financial performance. This makes it challenging to determine their rank accurately.
Subjectivity
Size doesn’t necessarily mean a broker is best for every trader. Factors like trading platforms, fees, customer support, regulation, and suitability for specific trading styles play a crucial role.
Instead of a Top 10, I can offer you a list of reputable and well-established CFD brokers known for their substantial market presence. Please note this is not a ranking but a list for informational purposes.
Reputable CFD Brokers with Strong Market Presence
- IG: Founded in 1974, IG is a global leader in CFD trading, with a wide range of instruments including stocks, forex, indices, commodities, and cryptocurrencies. The broker offers advanced platforms, extensive educational resources, and robust research tools. It is regulated by top-tier authorities such as the FCA, ASIC, and MAS.
Features:
- Offers a comprehensive selection of markets and instruments
- User-friendly and customizable trading platforms
- Extensive research and educational resources
- 24/7 customer support
- Regulated by top-tier authorities
Pros:
- Established and reputable broker with a strong market presence
- Competitive pricing and low fees
- Advanced trading technology and tools
- Suitable for all types of traders, from beginners to advanced
- Multiple account options to suit individual needs
Cons:
- Limited deposit and withdrawal options
- Inactivity fee charged after two years of no trading
- Higher minimum deposit requirement compared to some other brokers
- No social trading features
Opinion:
IG is undoubtedly one of the biggest CFD brokers in the world, with a global presence and a wide range of offerings. It is a highly reputable and reliable broker that caters to the needs of both beginner and experienced traders. With its advanced platforms, extensive resources, and competitive pricing, IG is certainly a top choice for CFD trading.
Read more: Top 10 Forex Brokers in the World
- XTB: Founded in 2002, XTB is a well-regarded broker known for its user-friendly platform, competitive spreads, and a strong focus on education. It offers CFDs on forex, indices, commodities, stocks, and cryptocurrencies. XTB is regulated by top-tier authorities such as the FCA, KNF, and CySEC.
Features:
- Wide range of markets and instruments
- Intuitive and user-friendly trading platform
- Competitive spreads and low fees
- Comprehensive educational resources, including webinars and videos
- 24/7 customer support
Pros:
- Established and reputable broker with a strong market presence
- User-friendly platform suitable for all levels of traders
- Competitive pricing and low fees
- Extensive educational resources
- Multiple account options to suit individual needs
Cons:
- Limited research tools compared to other brokers
- Inactivity fee charged after one year of no trading
- Higher minimum deposit requirement for some account types
- No cryptocurrency trading available for US clients
Opinion:
XTB is a well-established broker with a strong market presence, making it one of the biggest CFD brokers in the world. Its user-friendly platform, competitive pricing, and extensive educational resources make it a top choice for many traders. However, it may not be the best option for advanced traders who require more in-depth research tools.
- Saxo Bank: Founded in 1992, Saxo Bank is a Danish investment bank that offers online trading services, including CFDs on forex, stocks, indices, commodities, and bonds. It is known for its sophisticated platform with institutional-grade features, extensive market access, and a variety of investment options. The broker is regulated by top-tier authorities such as the FCA, DFSA, and ASIC.
Features:
- Extensive range of markets and instruments
- Advanced trading platform with institutional-grade features, including algo trading and options strategies
- Direct market access (DMA) on selected products
- Multiple account options, including professional and VIP accounts
- 24/7 customer support
Pros:
- Established and reputable broker with a strong market presence
- Sophisticated trading platform suitable for advanced traders
- Access to a wide range of markets and instruments
- Competitive pricing and low fees
- Direct market access on selected products
Cons:
- High minimum deposit requirement for some account types
- Inactivity fee charged after six months of no trading
- Not suitable for beginners due to the complexity of the platform
- Limited educational resources compared to other brokers
Opinion:
Saxo Bank is a highly reputable and established broker, making it one of the biggest CFD brokers in the world. It caters to the needs of advanced traders, offering a sophisticated platform and access to a wide range of markets and instruments. However, it may not be the best option for beginners or those looking for extensive educational resources.
- Avatrade: Founded in 2006, Avatrade is an established broker with a user-friendly interface, global presence, and a variety of educational materials. It offers CFDs on forex, stocks, indices, commodities, and cryptocurrencies. The broker is regulated by top-tier authorities such as the Central Bank of Ireland, ASIC, and FSCA.
Features:
- Wide range of markets and instruments
- User-friendly trading platforms, including AvaTradeGO and MetaTrader 4
- Comprehensive educational resources, including webinars, videos, and eBooks
- Multiple account options, including Islamic accounts
- 24/7 customer support
Pros:
- Established and reputable broker with a strong market presence
- User-friendly platforms suitable for all levels of traders
- Competitive pricing and low fees
- Extensive educational resources
- Multiple account options to suit individual needs
Cons:
- Limited research tools compared to other brokers
- Inactivity fee charged after three months of no trading
- Higher spreads on some products compared to other brokers
- No direct market access available
Opinion:
Avatrade is a well-established and reliable broker, making it one of the biggest CFD brokers in the world. Its user-friendly platforms, competitive pricing, and extensive educational resources make it a popular choice among traders. However, it may not be the best option for those who require more advanced research tools or direct market access.
- Plus500: Founded in 2008, Plus500 is a regulated CFD broker offering a wide range of markets and instruments, including forex, stocks, indices, cryptocurrencies, and commodities. The broker is regulated by top-tier authorities such as the FCA, ASIC, and CySEC.
Features:
- Wide range of markets and instruments
- User-friendly trading platform
- Competitive spreads and low fees
- No commission on trades
- 24/7 customer support
Pros:
- Established and reputable broker with a strong market presence
- User-friendly platform suitable for all levels of traders
- Competitive pricing and low fees
- No commissions on trades
- 24/7 customer support
Cons:
- Limited research tools compared to other brokers
- Higher minimum deposit requirement compared to some other brokers
- Inactivity fee charged after three months of no trading
- Limited educational resources compared to other brokers
Opinion:
Plus500 is a well-established and regulated broker, making it one of the biggest CFD brokers in the world. Its user-friendly platform and competitive pricing make it an attractive option for traders. However, it may not be the best choice for those who require more extensive research tools or educational resources.
- eToro: Founded in 2007, eToro is a multi-asset platform offering CFD trading on stocks, forex, commodities, indices, and cryptocurrencies. The broker is known for its social trading features, allowing users to follow and copy other traders’ strategies. It is regulated by top-tier authorities such as the FCA, ASIC, and CySEC.
Features:
- Extensive range of markets and instruments
- User-friendly trading platform, including a mobile app
- Social trading features, including CopyTrader and Popular Investor Program
- Wide range of educational materials
- 24/7 customer support
Pros:
- Established and reputable broker with a strong market presence
- User-friendly platform suitable for all levels of traders
- Competitive pricing and low fees
- Access to social trading features
- Extensive educational resources
Cons:
- Limited research tools compared to other brokers
- Higher spreads on some products compared to other brokers
- Inactivity fee charged after one year of no trading
- Limited account options
Opinion:
eToro is a well-known and established broker, making it one of the biggest CFD brokers in the world. Its social trading features make it a popular choice among traders looking to copy other successful traders’ strategies. However, it may not be the best option for advanced traders who require more in-depth research tools or a wider range of account options.
- CMC Markets: Founded in 1989, CMC Markets is a UK-based broker offering CFD trading on forex, indices, commodities, cryptocurrencies, and more. It is known for its powerful trading platform and extensive market access. The broker is regulated by top-tier authorities such as the FCA, ASIC, and IIROC.
Features:
- Wide range of markets and instruments
- Powerful and customizable trading platform
- Competitive pricing and low fees
- Access to advanced charting and technical analysis tools
- 24/7 customer support
Pros:
- Established and reputable broker with a strong market presence
- User-friendly platform suitable for all levels of traders
- Competitive pricing and low fees
- Advanced trading technology and tools
- Extensive market access
Cons:
- Higher minimum deposit requirement compared to some other brokers
- Inactivity fee charged after one year of no trading
- Limited educational resources compared to other brokers
- No social trading features
Opinion:
CMC Markets is a well-established and reliable broker, making it one of the biggest CFD brokers in the world. Its powerful trading platform, competitive pricing, and extensive market access make it an attractive option for traders. However, it may not be the best choice for those who require social trading features or comprehensive educational resources.
- AxiTrader: Founded in 2007, AxiTrader is an Australian-based broker offering CFD trading on forex, indices, commodities, cryptocurrencies, and more. It is known for its advanced technology and low fees. The broker is regulated by top-tier authorities such as the FCA, ASIC, and DFSA.
Features:
- Wide range of markets and instruments
- User-friendly trading platforms, including MetaTrader 4 and AxiOne
- Low fees and competitive spreads
- Access to advanced charting and technical analysis tools
- 24/7 customer support
Pros:
- Established and reputable broker with a strong market presence
- User-friendly platform suitable for all levels of traders
- Competitive pricing and low fees
- Advanced trading technology and tools
- Multiple account options to suit individual needs
Cons:
- Inactivity fee charged after three months of no trading
- Limited research tools compared to other brokers
- No social trading features
- No direct market access available
Opinion:
AxiTrader is a well-regarded and reliable broker, making it one of the biggest CFD brokers in the world. Its user-friendly platforms, advanced technology, and low fees make it an attractive option for traders. However, it may not be the best choice for those who require social trading features or direct market access.
- FP Markets: Founded in 2005, FP Markets is an Australian-based broker offering CFD trading on forex, stocks, indices, commodities, and cryptocurrencies. It is known for its competitive pricing and advanced trading platforms. The broker is regulated by top-tier authorities such as the ASIC and CySEC.
Features:
- Wide range of markets and instruments
- User-friendly trading platforms, including MetaTrader 4 and IRESS
- Competitive spreads and low fees
- Access to advanced charting and technical analysis tools
- 24/7 customer support
Pros:
- Established and reputable broker with a strong market presence
- User-friendly platform suitable for all levels of traders
- Competitive pricing and low fees
- Advanced trading technology and tools
- Multiple account options to suit individual needs
Cons:
- Limited research tools compared to other brokers
- Inactivity fee charged after one year of no trading
- No social trading features
- Higher minimum deposit requirement compared to some other brokers
Opinion:
FP Markets is a highly reputable and reliable broker, making it one of the biggest CFD brokers in the world. Its competitive pricing and advanced trading platforms make it an attractive option for traders. However, it may not be the best choice for those who require extensive research tools or social trading features.
- FXTM: Founded in 2011, FXTM (ForexTime) is a global broker offering CFD trading on forex, stocks, indices, commodities, and cryptocurrencies. It is known for its user-friendly trading platforms and a wide range of educational resources. The broker is regulated by top-tier authorities such as the FCA, CySEC, and FSC.
Features:
- Wide range of markets and instruments
- User-friendly trading platforms, including MetaTrader 4 and MetaTrader 5
- Competitive spreads and low fees
- Access to educational materials, including webinars and videos
- 24/7 customer support
Pros:
- Established and reputable broker with a strong market presence
- User-friendly platform suitable for all levels of traders
- Competitive pricing and low fees
- Extensive educational resources
- Multiple account options to suit individual needs
Cons:
- Inactivity fee charged after six months of no trading
- Limited research tools compared to other brokers
- No social trading features
- Higher minimum deposit requirement compared to some other brokers
Opinion:
FXTM is a well-known and established broker, making it one of the biggest CFD brokers in the world. Its user-friendly platforms and extensive educational resources make it a popular choice among traders. However, it may not be the best option for those who require more advanced research tools or social trading features.
FAQs
1. What are CFDs?
A Contract for Difference (CFD) is a financial instrument that allows traders to speculate on the price movements of an underlying asset without owning that asset.
2. How do I choose the right CFD broker?
When choosing a CFD broker, consider factors such as regulation, fees, trading platforms, customer support, and the range of markets and instruments available.
3. Are CFDs risky?
Yes, CFDs are a leveraged product, which means that you can potentially lose more than your initial investment. It is essential to understand the risks involved before trading CFDs.
4. Can I trade CFDs on all markets?
Most brokers offer a wide range of markets and instruments for CFD trading, including forex, stocks, indices, commodities, and cryptocurrencies. However, it is always best to check with your broker for the specific markets and instruments they offer.
5. Do I need a lot of money to start trading CFDs?
No, CFD trading allows you to trade with leverage, meaning you can open larger positions with a smaller initial investment. However, it is essential to manage your risk carefully and avoid over-leveraging.
Conclusion
In conclusion, while creating a definitive ranking for the top 10 biggest CFD brokers in the world is impossible, we can offer a list of reputable and well-established brokers known for their substantial market presence. As a trader, it is crucial to do your own research and consider your individual needs when choosing a CFD broker. We hope this article has provided valuable insights into some of the biggest CFD brokers in the world to help you make an informed decision. Happy trading!
