Best CFD trading platforms allow you to trade thousands upon thousands of financial instruments without owning the underlying assets. Instead, you’ll be predicting whether the asset’s price – such as stocks, commodities, forex, or cryptocurrencies – will rise, fall, or vice versa.
This guide reviews the top CFD trading platforms for 2022. We consider vital metrics that can make or break a CFD trading system, such as market availability, commissions, media and payments, regulation, and regulatory compliance.
You can trade financial instruments on hundreds of CFD trading platforms.
To find the right one, consider what CFD platforms are available, the fees and commissions they charge, and other metrics such as regulation, payments, trading tools, and pricing.
Below is a list of the top CFD trading platform for 2022 and beyond.
eToro – now home to more than 17 million investors – is a Jack of All Trades within the online trading space. The provider offers traditional shares, ETFs, and a wide range of CFD markets. This covers everything, from stocks and cryptocurrency to forex and commodities. Regardless of the CFD trading instrument that you choose to access, eToro doesn’t charge any commissions.
There are no maintenance fees, and spreads are often very tight. Spreads for significant forex pairs are as low as 0.008%, while those for gold average around 0.05%. eToro offers leverage, as is the case for all the top CFD trading platforms online. However, the leverage you can get depends on where you are located.
This is usually capped at 1:30 for significant currency pairs, one to20 on minors/exotics, and 1:20 for gold. It can be lower on other asset classes. All CFD trading platforms at eToro offer the possibility to go long or short. This allows you to profit from rising and falling markets.
If you’re a beginner, eToro can also be a great CFD trading platform. The platform was designed to attract non-professional traders. A minimum stake size of $25 is also available, which is excellent news for traders who are on a tight budget.
Libertex is an online platform that only focuses on CFD trading markets. You can choose from many asset classes, including stock trading. You’ll find the significant stocks listed in the US, including those of Apple, Tesla, and Facebook.
Libertex allows you to trade stocks, forex pairs, commodities, oil, and even cryptocurrency like Bitcoin and Ethereum. Libertex offers tight spread brokerage, regardless of the CFD asset you prefer.This means there is no gap between ask and bid prices for the financial instrument. Libertex charges a small commission for each trade you make. While the exact commission may vary depending on which asset you are trading, it is usually very competitive at this highly rated CFD trading platform.
Forex pairs such as USD/CAD or NZD/USD can be traded at 0.011% and 0.12 per slide, respectively. You can trade Brent Crude Oil CFDs for 0% commission.
While we’ve discussed the top CFD trading platforms in the online space right now, there are many other providers. You might find a platform you like that we haven’t covered. If you feel this is the case, it’s essential to do extensive research before opening a CFD trading account. This will ensure that you are 100% confident in the service provider.
These are the most important metrics to consider when looking for the best CFD trading platform:
Most countries have strict regulations for the CFD trading industry. CFDs, which are complicated instruments, allow you to trade with more than what you have in your account through leverage. CFD trading is prohibited in certain countries, such as the US. You must make sure that the provider is legally authorized to trade CFDs. This is easy because many tier-one regulators dominate this market.
If your chosen CFD platform has been licensed by at least one of these bodies, as each of our selection providers is, you can rest assured that it is tightly regulated. eToro, for example, is licensed by the FCA and ASIC as well as CySEC. This means that there are three levels of regulatory oversight.
These regulators make sure that your funds are kept separate from the CFD platform’s bank accounts and that you don’t get more leverage than your country permits.
This is one of the most tough question any trader who starts on a platform. A secure trading environment requires the safety of data and funds. IQ Option is a regulated broker with a license to offer investment products in the European Union. IQ Option reviews received their license from the Cyprus Securities and Exchange Commission. The broker must meet specific minimum requirements to be granted this license. These include client funds, trading products, and marketing restrictions.
Barry Lachey is a Professional Editor at Zobuz. Previously He has also worked for Moxly Sports and Network Resources “Joe Joe.” he is a graduate of the Kings College at the University of Thames Valley London. You can reach Barry via email or by phone.
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