Best CFD Brokers Review
CFD trading is a way of making predictions about the price of different things like stocks, indexes, goods, digital currencies, and foreign currencies on a platform. A CFD, which stands for 'contract for difference,' is a kind of agreement that lets you bet on how these market prices will change. When you trade with CFDs, you're not actually buying the thing itself; instead, you're just trying to profit from its price changes.
Among the multitude of CFD brokers in the market, each with unique characteristics, to find an appropriate one can be a challenging task. Nonetheless, engaging with a reliable broker is essential for achieving success in trading. It's important to understand that the rankings provided are solely for reference purposes, and we does not take responsibility for any potential losses arising from these rankings.
In the realm of CFD brokerage, JRFX stands out as a global leader. With 12 years of continuous efforts, this brokerage firm has earned recognition from independent media awards and the respect of the international forex community. The team at JRFX is experienced and committed to delivering top-tier services, quality technical support, and an excellent trading experience to their clients.
One of the significant advantages of trading with JRFX is the zero commission fee, a feature rarely seen in the industry. Coupled with a maximum leverage of 1:1000, micro lot transactions starting at 0.01, and an extensive variety of over 100 tradable assets, JRFX caters to both novice and veteran traders. Additionally, the platform promises ultra-fast execution of less than 14 milliseconds, enabling traders to take advantage of fleeting market opportunities.
Highlighting its commitment to transparency, JRFX guarantees order execution without trader intervention. Traders enjoy low spreads and ultra-fast execution, supported by a global node setting and an ultra-low latency data center. Deep liquidity ensures that clients consistently receive the best buying and selling prices.
JRFX also offers a unique, self-developed trading client. This one-stop trading platform allows users to trade anytime, anywhere, thanks to ultra-low latency trading infrastructure, award-winning order execution, and deep liquidity. Notably, this trading client synchronizes in real-time with MT4 data and supports deposits and withdrawals. JRFX's user-friendly interface and the provision of online customer service make it an excellent choice for entry-level users.
As a global enterprise, JRFX extends its services to more than 100 countries worldwide through its multilingual platform. The brokerage firm is supervised by authoritative financial institutions such as BVIFSC and the Dubai Multiple Commodity Exchange Center (DMCC), ensuring compliance and the security of its users. With an investment threshold of only $70 and a wide range of products like forex, stocks, cryptocurrency, precious metals, indexes, and commodities, JRFX has made trading accessible to a broad customers.
Lastly, JRFX offers three distinct types of accounts to meet diverse trading needs: EasyPro, Standard, and ECN. Each account comes with its unique features, such as varying leverage and spreads, to cater to different trading strategies and risk tolerance. The minimum capital requirement ranges from $100 for EasyPro and Standard accounts to $10,000 for the ECN account. Each account also includes a massive collection of free analysis and educational materials to aid traders in making informed decisions.
In summary, JRFX is a premier brokerage, providing a seamless trading experience, backed by cutting-edge technology, extensive trading resources, and committed customer service. Whether you are an entry-level trader or a seasoned pro, JRFX offers an inclusive platform to meet customer's trading needs.
Saxo Bank Review
Saxo Bank, a CFD broker renowned for its comprehensive research capabilities and exceptional trading platform, provides its users with an impressive range of over 60,000 tradable instruments. The platform is especially appealing for active traders and those who can meet the high account balance prerequisites, offering a multitude of tools, in-depth research, and premium features.
Established in 1992, Saxo Bank owns three regulated banks and holds licenses in six tier-1 jurisdictions, emphasizing its reliability as a low-risk broker for forex and CFD trading. It provides access to more than 60,000 instruments, including crypto derivatives, micro-futures, and forex options depending on customer's location. SaxoTraderGo, the bank's flagship platform, offers an encompassing trading solution.
Saxo Bank also provides complex order types and account protection features to help manage risk efficiently. It transparently publishes its average spread data by trading sessions each day and order size, demonstrating its commitment to best execution. Saxo Bank's educational resources are complemented by the addition of Corellian Academy content for risk management. Its pricing is highly competitive for VIP and Platinum account holders.
Saxo Bank's pricing is overall exemplary, particularly for active traders and those maintaining large account balances, offering some of the industry's lowest prices. The Classic account generally requires a minimum deposit of €2,000. The Platinum account has a more substantial minimum deposit requirement of $200,000 or AUD 300,000 for Australian residents. However, Classic account holders can upgrade to Platinum through Saxo Bank’s Loyalty Program by accumulating Loyalty points based on trading volume. Trading over $40 million in forex, for instance, would accumulate 120,000 points – enough to upgrade from Classic to Platinum for a year.
Saxo Bank’s VIP account, commended for its Best VIP Client Experience in 2023, is designed for elite investors who deposit at least $1,000,000, or who qualify for an upgrade via the Loyalty Program. To upgrade to VIP, traders must trade at least $167 million in forex volume for a year. VIP account holders gain access to exclusive events and Saxo Bank analysts.
Saxo Bank is commission-free, profiting from the spread instead. The only exception involves traders who transact less than 50,000 units per month, who are charged a $3 ticket-fee per side. Moreover, Saxo Bank adheres to the FX Global Code, a standard promoting integrity and transparency in the global foreign exchange market.
Earn up to 4.27%* interest on customer's account
Saxo pays interest on most accounts. With no lock-in period or upper limit on customer's Account Value receiving interest, customer's rate tracks the market rate.
Interactive Brokers Review
Interactive Brokers is a highly respected CFD broker that provides access to a wide range of global markets. Established in 1977, it offers competitive fees, robust research and education tools, and an advanced trading platform suite. The firm, which is listed on NASDAQ (IBKR), is regulated in six tier-1 jurisdictions, adding to its reputation as a low-risk broker for forex and CFDs trading.
Interactive Brokers empowers its clients to trade across a variety of financial markets such as stocks, options, futures, and spot forex. The broker connects traders to 135 market centers across 33 countries in 23 currencies. It introduced spot gold and cryptocurrencies, including Bitcoin trading in the U.S., in 2021. The broker also offers micro futures on major forex pairs.
The improved web-based Client Portal of Interactive Brokers is user-friendly, especially for forex trading, providing integrated news headlines and an economic calendar. Additionally, their Trader Workstation (TWS) desktop platform equips professional traders with an array of advanced trading tools and complex order types, which are useful for implementing advanced forex trading strategies.
Interactive Brokers offers competitive pricing. Forex trading commissions per side start at 0.00002 (0.2 basis points) of the U.S. dollar trade value, with a minimum of $2 per order, reducing to 0.08 basis points for high volume traders. The broker also offers discounts for active traders, who can see commission reductions based on monthly trading volume.
In terms of forex trading, Interactive Brokers aggregates prices from 17 of the world's largest interbank forex dealers. It charges a commission per trade, rather than marking up spreads, ranging from $16 to $40 per million round turn. This pricing strategy aligns with brokers offering commission-based forex trading with agency execution.
Interactive Brokers Clients
Earn Up to USD 4.58% on Their Instantly Available Cash Balances
FOREX.com, a well-reputed CFD trading platform worldwide, offers a broad spectrum of markets through its powerful suite of self-owned platforms as well as MetaTrader. Its appeal is not based on discounted rates unless substantial volumes are traded, but it caters to forex traders of varying experience levels.
The platform's parent company, StoneX, is a publicly listed company (NASDAQ: SNEX), regulated by four top-tier jurisdictions, making it a secure, low-risk choice for trading forex and CFDs. FOREX.com won the Best in Class accolade in various main categories during the 2023 Annual Awards, including Platforms & Tools. The platform stands out for its extensive multi-asset offering, especially on its primary Advanced Trading (desktop) and Web Trading (browser) platforms. Web Trader includes integrated advanced charting from TradingView, accessible through the same username. Following the acquisition of Chasing Returns, performance analytics are now free for live account holders on FOREX.com.
The available products and services on FOREX.com depend on customer's geographical location and the regulated entity managing customer's account. FOREX.com provides an extensive selection of over 4,500 CFDs to traders. Additionally, knock-out options are now available in Japan, Singapore, and Australia. Cryptocurrency trading is accessible through CFDs.
FOREX.com provides numerous execution methods and account types, along with transparent execution statistics. The platform offers a Standard account, the only option for MetaTrader clients, though it comes with relatively high spreads, attracting traders who value market-maker execution despite higher spreads. The DMA account, known as the STP PRO account in the U.S., is tied to the platform's proprietary Advanced Trading suite, offering agency execution and significant discounts.
A Commission account, available only in the U.S., is linked to FOREX.com's proprietary trading platforms and targets medium-to-high volume traders, offering discounts from the platform's Active Trader program. Lastly, the recently launched RAW Spread account offers commission-based pricing and volume-based rebates for active traders and is now accessible to FOREX.com's Canadian clients.
trade over 80 currency pairs 24 hours a day, five days a week
Benefit from low spreads with EUR/USD as low as 0.7 and no commissions
Trade share CFDs from commissions as low as 8 basis points
Trade US stocks from as little as 1.8 cents per share
CMC Markets Review
CMC Markets, a trusted worldwide CFD broker, excels in providing a top-notch trading experience due to its attractive pricing and an extensive choice of over 12,000 tradeable assets. The Next Generation platform, their proprietary trading platform, boasts premium research and cutting-edge trading tools, which contributed to their recognition as Best in Class in 11 categories in 2023.
Established in 1989, CMC Markets is a publicly traded firm that is regulated in five tier-1 and two tier-2 jurisdictions. This affirms its credibility as a low-risk broker for forex and CFDs trading. The firm is known for its impressively low trading costs compared to the industry standard. Discounts and rebate programs for active traders vary depending on the trader's country of residence and the associated regulations.
The Next Generation platform by CMC Markets hosts an impressive array of over 12,000 tradeable instruments. It provides an outstanding user experience, offering advanced tools, comprehensive market research, and an excellent mobile app. In Australia, their Invest app allows for the trading of exchange-traded equities. Their Dynamic Trading product, launched in 2021, offers professional clients the ability to fine-tune portfolio allocations through percentage weightings.
CMC Markets provides access to more than 12,000 CFDs, an extensive array of forex pairs, and international equity markets like Australia. The firm also uniquely quotes its 158 currency pairs both ways, doubling the total to 316. Cryptocurrency trading is available through CFDs. In the 2023 Annual Awards, CMC Markets achieved Best in Class in the Commissions and Fees category due to its persistently low spread offering for all customer segments and account types.
The company revised its active trader program with its new Price Plus Scheme, which offers trading cost reductions based on accumulated Trading Points, calculated on the markets you trade and customer's overall monthly volumes. In 2022, CMC Markets introduced a new pricing structure, FX Active, available on both MT4 and Next Generation platforms in Southeast Asia, Australia, New Zealand, Canada, and the U.K.
The Alpha offering by CMC Markets, accessible only in the U.K., New Zealand, Canada, and Australia, offers free access to premium reports, market data, and Trading Central. This consists of three tiers - Classic, Active Investor, and Premium Trader - each with their own trading requirements and discounts.
Margins from 3.3%
100% automated execution
Share CFD commissions from 0.10%