The 5 best CFD trading accounts in comparison

Introduction

Many people today are becoming more aware of finance matters. You are no doubt one of them. Are you beginning to be cautious in spending cash? Are you on the lookout for opportunities to grow your hard-earned cash? If this is true for you, then you are in the right place.

Here we will look at trading as one of the avenues to grow your finances. Many people are now trading currencies and other commodities. But trading is not that simple and has its own set of risks. So before jumping in on trading and creating that CFD trading account, let us look at the top 5 CFD trading accounts currently in the market.

1. XTB

XTB is one of the largest CFD and FX brokers today. They started in 2004 in Poland and now have almost 300,000 clients worldwide. They trade more than 2,100 trading instruments including Forex, ETFs, Indices, and Commodities.

Your investments are safe with XTB since they get regulated in different countries by the authorities. This includes the Financial Conduct Authority, Komisja Nadzoru Finansowego of Poland, and Cyprus Securities and Exchange Commission. Also, they get watched by the Dubai Financial Services Authority, Belize International Financial Services Commission, and the Comision Nacional del Mercado de Valores of Spain.

Trading with XTB is easy since they use a platform that can work with different assets. If you choose Forex trading, you can trade with 57 currency pairs for both major currencies and minor ones. They also have close to 2,000 CFDs which include big-name companies like Facebook, Amazon, and Walt Disney. Other options available for you are the 135 ETF CFDs, 35 indices, and 23 commodities. Choose any one or all of them to widen your portfolio of investments.

XTB can also help you trade cryptocurrencies if this interests you. It holds out trading in these five digital currencies: Bitcoin, Ripple, Ethereum, Litecoin, and Bitcoin Cash.

They have a simple and easy-to-use trading platform called xStation 5. The design received awards and boasts of fast access to various trading assets. You can access it in three ways: the web, mobile app, or desktop app. You can use any of these browsers: Chrome, Opera, Firefox, and Safari. Or use the desktop app for Windows or Mac users. Or use your phone through the app. You can get it for free from the App Store or the Google Play store.

There are other benefits offered by XTB that you should take advantage of. Go through the trading lessons that cover basic to expert courses. You will also find over 1,000 articles, video tutorials, and customized quizzes. Get yourself updated with breaking news 24/7. Also, you can find inside the platform price tables and a market calendar that gets updated daily. For beginners, you can create a demo service for free. Once you get a hang of it, deposit it to your account using QIWI. You can load up using your Paypal account.

If you encounter problems, XTB provides support to clients all the time, 5 days per week. You can find the chat support feature on the webpage, mobile app, or desktop app. Drop them a note in your language and get answers in real-time. They offer chat services in major language groups including English, French, Russian, German, Arabic, Thai, Vietnamese, and others.

Trading is happening all over the world, except for the following countries. It includes the United States, Canada, and Cuba in North America. In Asia, it cannot trade in Japan, Singapore, Israel, India, Turkey, Pakistan, Syria, Iraq, and Iran. Still, other countries include Australia, Romania, Slovakia, Mauritius, Bosnia and Herzegovina, Ethiopia, Kenya, and Uganda.

XTB at a glance:

  • Trading in over 2,100 assets globally
  • Authorized by top regulators in the world
  • Offers 57 currency pairs
  • The trading platform works on the web, desktop, and mobile
  • Easy to use and customizable platform
  • Training and market analysis provided
  • Chat support is available 24 hours a day, 5x per week

2. Markets.com

Markets.com is an award-winning CFD and FX broker. It bagged the Best Trading Platform recognition for 2020. The company started in 2008 under the wings of the popular firm Finalto (BVI) Limited, and the bigger company Playtech. The latter is famous for developing tech in gambling and financial trading.

Your money invested through Markets.com gets protected by the FSC or Financial Services Commission. This company adheres to strict standards of regulation wherever its offices are in the world. Including CySEC in Europe, FCA in the UK, and ASIC in Australia.

There are many financial instruments offered by Markets.com. You can choose from 67 major and minor currency pairs. Or participate in the trading of the shares of almost 2,000 blue-chip companies on the earth. Also, you can opt to trade in 28 different commodities, and 40 indices of stocks.

If you are a digital currency enthusiast, Markets.com can also serve you. It has 25 various crypto assets traded day by day. The top cryptos available for trading here are Bitcoin Futures, Ripple, and Etherum.

They use a trading platform called Markets.com that is accessible through web browsers of standard PCs and laptops. It has a lot of features to get you started on market trading. You can get trader insights and advice from experts in the trading world. All the programs and tools are inside the system so accessing them is as easy as 1-2-3. But the most interesting are the tools that give you market sentiments. You will be able to tell how people feel about the asset and movements in the system. You can also access MarketsX using a mobile phone app. This will allow you to trade assets wherever you are and whatever timezone you are in. Downloading the app is easy through the Apple or Google Play stores.

CFD trading account opening is easy with Markets.com. You can create a test account and start trading various instruments. You will cut the risk of losing money with this demo account. But remember to stay active since 90-days of inactivity will delete the account. At this stage, you can also access the training modules and videos to get you familiar with the market. Once you are ready for the real deal, deposit a minimum of $100 using any of the accepted channels. You can use Skrill, Neteller, or PayPal. Visa, Mastercard, and bank transfer are also accepted so you can get started with CFD trading.

There is a ready customer service team to assist you as you navigate the Markets.com trading platform. Contact them 24 hours a day and 5 days per week and get the answer to your trading problems. You can find them through the contact us section on the webpage or the mobile app. You can also choose to call them (for UK customers) or chat with the agent live. You can also search through a knowledge database in English, Arabic, or Spanish. This is where you get satisfying answers to common questions from clients all over the world.

While trading is possible in most markets, you cannot use this company in several territories. These are the countries in Asia that are not supported: Singapore, India, Iran, Hong Kong, Syria, Turkey, Israel, and Japan. You are also not eligible if you live in the United States, Russia, Canada, New Zealand, Brazil, Belgium, and Puerto Rico.

Markets.com at a glance:

  • Owned by big conglomerates Playtech and Finalto (BVI) Ltd.
  • Recognized by regulators in all the markets they operate in
  • Offers 67 currency pairs
  • The trading platform works on web and mobile app
  • Full integration of MarketsX trading platform across devices
  • Easy access to Knowledge Center
  • Multiple channel support is available 24 hours a day, 5x per week
  • A test account is available for beginners
  • Diverse payment methods

3. Etoro

Etoro is the number one trading platform today with more than 10 million traders and investors from 140 territories in the world. They are very popular even to non-traders because they are active on Facebook, Twitter, Linked In, and other social media channels.

Rest assured that your investments are safe with Etoro since they get regulated by several authorities. It includes the Financial Crimes Enforcement Network (FinCEN) and Financial Industry Regulatory Authority (FINRA) in the US. In the UK, the Financial Conduct Authority (FCA) regulates Etoro. In Australia, the company gets controlled by the Australian Securities and Investments Commission (ASIC). And in Europe by Cyprus Securities and Exchange Commission (CySec) and Gibraltar Financial Services Commission (GFSC).

You don’t have to worry if you are new to trading with Etoro’s trading platform. It is not complex and is very receptive. You can buy and sell over 2,000 financial assets like crypto assets, commodities, currency pairs, ETF, and indices. You will notice that top-tier companies such as Apple, Tesla, Alphabet (Google), Facebook, and Amazon are in their roster of trading partners.

You can find 49 currency pairs at Etoro’s trading platform, including 7 major currencies, plus minor and exotic pairings. You can also trade a variety of cryptocurrencies here. Choose from the digital monies that you are familiar with from the following: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Cardano (ADA), and XRP.

Using Etoro’s trading platform is a gem as it has everything you need to get started with trading. You can use it on your favorite web browser, or straight from your mobile device. Changing devices is hassle-free so never fear when you need to go out of your home or office. You can access it from your mobile phone, tablet, or laptop through the app. Get it for free from the AppStore or the Google Play store. Another unique feature available for you is the CopyTrader. With this feature, you can mimic the trading of experts and use it as your own.

You need to open a CFD trading account to start trading with Etoro. It is easy and will not sweat you out. Your demo account will come with a $100,000 credit that will allow you to trade live without losing money. You will also experience the platform first-hand and be free to use the tools to make you a seasoned trader. Once you are ready for the real deal, deposit $200. Use your Apple Pay, Skrill, PayPal, Neteller, or BPAY to fund your account. You can also transfer money through Visa, UnionPay, Swift, Rapid Transfer, wire transfer, and others.

For any request and queries, there is a one-stop shop for clients. Here you can ask questions, send feedback, and search the user database. You can also track your unresolved issues using a ticket number. Feel free to speak with dedicated customer representatives from Monday to Friday, 24 hours per day.

Take note that Etoro is not useable if you live in the following territories in Asia: Singapore, Japan, Macau, Hong Kong, Turkey, Iran, India, and Saudi Arabia. People living in Madagascar, Canada, and New Zealand will also get barred from this trader.

Etoro at a glance:

  • Has over 10 million clients
  • Established client base in 140 countries
  • Active in Facebook, Twitter, and other social media channels
  • Follows strict policies from authorities in several markets
  • Offers CopyTrader which helps new traders succeed
  • The trading platform works on web and mobile app
  • The demo account has a $100,000 credit
  • One-stop-shop for various client concerns
  • Various payment and withdrawal methods are in place

4. BDSwiss

BDSwiss started in 2012 and is now one of the largest FX and CFD brokers. It has grown so much to now become a diversified group made up of BDS Markets, BDSwiss GmbH, BDSwiss LLC, and BDSwiss Holdings PLC. They enjoy the trust of more than one and a half million clients from 186 countries.

The BDSwiss Group gets regulated in the different territories it operates in to safeguard your investments in the best way possible. In the USA, the National Futures Association allows it. In the European Union, the Cyprus Securities and Exchange Commission regulates it. Other regulators also allow and review the subsidiary companies including the Financial Services Commission, Federal Financial Supervisory Authority (BaFin), and Financial Services Authority.

There are six financial instruments carried by BDSwiss to cater to the varying needs of clients. You can trade in forex, commodities, shares, indices, cryptocurrencies, and ETFs. If you want to trade in Forex, there are more than 50 currency pairs available representing major, minor, and exotic pairs. If commodities are your thing, choose from gas, oil, and precious metals as these are the most traded assets. If you go for shares, select from the more than 900 shares and ETFs available like Alphabet, Facebook, Microsoft, and Apple.

Indices trading is not a problem with BDSwiss. You are free to trade on the world’s top indices like FTSE, Dow Jones, and S&P500. Should you prefer to increase your portfolio to digital currencies, the company allows trading for Bitcoin, Ripple, Litecoin, and Etherium.

With BDSwiss, you have the option to choose from different investment platforms. You can download MetaTrader 4 or 5 if Forex is your focus. Otherwise, use BDSwiss Mobile App or the BDSwiss Web Trader. Users gave it very high ratings: 4.5 out of 5 so you can trust that it is safe and uncomplicated. It even won the 2021 Best Mobile Trading Platform award so users on the go will find it delightful.

To get you started, select from these different trading accounts: Classic, VIP, Raw, or Invest Plus. You only need a $100 investment at the lowest tier, and it goes up to $5,000 if you choose the premium account. You can fund your CFD Trading account with ease through Visa, Mastercard, Maestro, or online banking. You can also choose giro pay, Sofort, Skrill, and many more. But before starting to trade, use the free demo account to get yourself familiar with the platform. The last thing you want is to lose money the moment you start trading.

You must take advantage of the other features of BDSwiss to become good at trading. Take time to read the daily market analysis, market insights, daily videos, weekly outlooks, and many others. Join all the live webinars and the training academy lessons that you feel you need the most. You don’t have to worry as these are for both beginners and advanced traders.

If you are not good at English, BDSwiss customer assistants speak many languages native to you. They speak very fluent German, Spanish, Portuguese, Greek, French, and Italian. Call them 24 hours per day for 5 days a week to get the help you need. You can also refer to the help and support section to watch informative videos and check the Q&A of common inquiries.

If you come from any of these countries, you cannot use any of the BDSwiss platforms. Traders from the USA, India, South Africa, Belgium, Cyprus, and Congo are not allowed here.

BDSwiss at a glance:

  • Diversified to 4 different companies in less than 10 years
  • Authorized by regulatory bodies in several markets
  • Trading from over 180 countries
  • Provides market analysis every day
  • Demo account offered to new clients
  • A low initial deposit of $100 only
  • Customer support teams are available 24/5 in over 20 languages
  • Flexible methods of payment and withdrawal

5. RoboForex

RoboForex is a world-renowned trading company that has almost one million clients in some 169 territories. You can trade with greater confidence here since the company won several industry awards including Most Trusted Broker in 2020. Sports fans will be happy that it supports athletes such as Starikovich-Heskes at the Dakar Race 2017 and Muay Thai fighter Andrei Kulebin.

You can be sure that RoboForex is legitimate since it gets regulated by the International Financial Services Commission. The Company is also part of the Financial Commission which resolves disputes and awards claims relating to brokerage.

As a client of RoboForex, you can choose from seven financial assets: Forex, stocks, indices, ETFs, soft commodities, energies, and metals. This company trades in more assets than other brokers giving their clients more flexibility. For Forex traders, you can select from the 40 currency pairings available. Trading is also done at blazing speeds, with one transaction happening as fast as a fraction of a second.

For people interested in stocks, RoboForex has over 12,000 assets including Siemens, Amazon, and Facebook. You can also choose from the more than 1,000 ETFs, metal and energy, or soft commodities like coffee, wheat, or sugar.

With RoboForex you have added flexibility to choose the trading platform that is best for you. Select MetaTrader 4 and 5 if you want to enjoy the same features used by millions of traders today. Both have web-based and mobile app versions. If you are an experienced Forex trader, the cTrader is your best choice. You can also choose RTrader if you are a web browser user, or the RWebTrader if you have an MT4 account. You can access these through the app or the web browser.

To start trading with RoboForex, register at the member’s area. Choose from the different account types based on your experience in trading. Pro and ProCent are the most preferred and you only need USD 10 to get started. If you are an experienced trader, select RTrader with your USD 100 initial deposit. If you are a professional and advanced trader, choose ECN and Prime and start trading with only USD 10. Funding comes easy by using bank transfers, e-payments, credit cards, and cash vouchers.

With RoboForex, you never have to worry about concerns with your account even on weekends. Get 24/7 live support in 11 languages including Thai, Ukrainian, Taiwanese, Vietnamese, Malay, and other languages. You can also use the “Ask A Question” panel or a feature called callback service. Type in your mobile number and the expert panelist will return your call.

Remember that people living in the USA, Canada, Japan, East Timor, Turkey, Russia, Australia, Saipan, and Tahiti cannot trade on any of the RoboForex platforms. You can check the complete list of countries that cannot use it from the website.


RoboForex at a glance:

  • Award-winning and acknowledged in the industry
  • Supports sports teams and athletes
  • Trades 7 types of assets, more than most platforms do
  • An active member of the Trade Commission
  • Has the most trading platforms available for different client types
  • Offers various account types for beginners to advanced traders
  • The lowest initial deposit of $10 only
  • Live customer support available 24/7
  • Super flexible in payment and withdrawal

What is a CFD Trading?

CFD trading is the buying, trading, and eventual sale of CFDs or contracts for difference. What is nice is that CFDs don’t require actual ownership of assets, such as shares. When you trade using CFD, you exchange the cost difference of an asset from the start of the contract to the time it gets sold.

Conclusion

After reviewing the top 5 CFD trading accounts in the market, are you now ready to jump in? Choosing your trading partner is very important at this stage. You see all these companies are reputable and have fantastic credentials. Each one of them has good things to offer.

But you need to assess yourself first before opening your trading account. Are you new to trading or have you been doing this for some time now? Do you have the skills and discipline in place to succeed in this investment? This assessment will help you when looking for the best trading partner.

Get the trading company that is best for your current trading knowledge and skills. And check also if your pick can trade from your country. You want to avoid going back to square one because your choice is not allowed in your country.

Last Updated on March 6, 2022 by Andre Witzel