Forex CFD Trading

Forex CFD trading allows investors to speculate on price movements of foreign currencies without physically exchanging money. Traders, therefore, do not own the actual currency and are simply betting on whether the price of one currency will go up or down against another. Although CFDs cover a wide range of financial instruments, this guide will focus on the forex market, providing an overview of how it works and discussing various strategies and approaches, as well as exploring the differences and similarities with spread betting.

Best Forex CFD Trading Brokers

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Found 245 Brokers
Review
Pepperstone offers spread betting andCFD trading to both retail and professional traders. Clients can trade FX, indices, commodities and shares on MT4, MT5 and cTrader platforms.
Demo Account
Yes
Regulated By
FCA, ASIC, SCB, DFSA, CMA, BaFin
MT4 Integration
Yes
Min. Deposit
£200 / $200
Min. Trade
0.01 Lots
Crypto
No
Review
Eightcap is a multi-regulated FX & CFD broker offering the MT4 & MT5 platforms. Award winning platform, zero commission, free education and low spreads.
Demo Account
Yes
Regulated By
ASIC, VFSC
MT4 Integration
Yes
Min. Deposit
£/€/$100
Min. Trade
0.01 lots
Crypto
No
Review
CMC Markets is headquartered in London and listed on the LSE (FCA Regulated). They offer competitive spreads on a global range of assets via a next generation platform.
Demo Account
Yes
Regulated By
FCA, MAS, ASIC, IIROC
MT4 Integration
Yes
Min. Deposit
£0
Min. Trade
0.01 Lots
Crypto
No
Review
FXCC is a highly regulated and trustworthy MT4 trading broker.
Demo Account
Yes
Regulated By
CySEC, FCA
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
Review
XTB is one of the largest stock exchange-listed FX & CFD brokers in the world, offering access to over 2000 instruments on their trading platforms.
Demo Account
Yes
Regulated By
FCA, CySEC, IFSC, KNF, DFSA
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.01 Lots
Crypto
No
Review
Leading forex and CFD broker regulated in Ireland, Australia, Canada and South Africa. Avatrade are particularly strong in integration, including MT4
Demo Account
Yes
Regulated By
CBoI, ASIC, FSB, ESMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
$1
Crypto
No
Review
Trade CFDs on a powerful and intuitive trading platform. Over 300 markets to trade, with tight spreads and multi-device support. CySec Regulated.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
Review
Reliable and affordable trading since 2009. Join over 900,000 others trading on 400+ CFD products over assets like forex, gold, indices, cryptocurrency and shares from 0.0 spreads through TradingView, MT4 or MT5. Vantage is ASIC regulated and client funds are segregated. Open an account in under 5 minutes.
Demo Account
Yes
Regulated By
ASIC, FCA, CIMA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 Lots
Crypto
Yes
Review
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Demo Account
Yes
Regulated By
FCA, CySEC
MT4 Integration
No
Min. Deposit
$200 ($50 in US, $10 in UK)
Min. Trade
$1
Crypto
Yes
Review
Deriv.com are a new brokerage, offering options and CFDs on a simple, reliable, flexible platform. Get access to volatility indices exclusively at Deriv.
Demo Account
Yes
Regulated By
Malta (MFSA), Labuan (LFSA), Vanuatu (VFSC), British Virgin Islands (BFSC)
MT4 Integration
Yes
Min. Deposit
€/£/$5
Min. Trade
0.01 Lots
Crypto
No
Review
BDSwiss offer 250+ Shares, Indices, Forex, Commodities and Cryptocurrencies markets via CFDs. With spreads from 1 pip and an award winning app, they offer a great package.
Demo Account
Yes
Regulated By
CySec, FSC, FSA
MT4 Integration
Yes
Min. Deposit
100 $/€/£
Min. Trade
0.01 Lots
Crypto
Yes
Review
FXTM is a leading forex and CFD broker. Offering a huge range of markets and 6 account types, they cater to all levels of trader.
Demo Account
Yes
Regulated By
CySec, ESMA, FCA and FSC of the Republic of Mauritius
MT4 Integration
Yes
Min. Deposit
From $50
Min. Trade
0.01 lots
Crypto
No
Review
XM.com Offer a range of Account types and a low minimum deposit to appeal to all levels of trader. With 1000+ markets and low spreads they offer a great service.
Demo Account
Yes
Regulated By
IFSC, DFSA, CySEC, ASIC
MT4 Integration
Yes
Min. Deposit
5 $/€/£
Min. Trade
0.01 Micro lots
Crypto
No
Review
Trade Forex on 0.0 pip spreads with the world's leading True Raw forex broker - IC Markets.
Demo Account
Yes
Regulated By
ASIC, CySec, FSA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 Lots
Crypto
Yes
Review
Established spread betting, forex and CFD broker with over 30 years in the business. Regulated around the globe.
Demo Account
Yes
Regulated By
ASIC,FCA
MT4 Integration
Yes
Min. Deposit
£/$100
Min. Trade
0.01 Lots
Crypto
No
Review
Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world.
Demo Account
Yes
Regulated By
FCA, ASIC, DFSA, FMA
MT4 Integration
Yes
Min. Deposit
0 $/€/£
Min. Trade
0.01 Lots
Crypto
Yes
Review
Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
Demo Account
Yes
Regulated By
CySEC, IIROC, NFA, CFTC, FCA, FSA, and CIMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
$1
Crypto
No
Review
LegacyFX is a multi-asset broker offering an MT5 download & free signals.
Demo Account
Yes
Regulated By
CySEC, FCA, VFSC, NBRB
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Review
Skilling are an exciting new brand, regulated in Europe and beyond, with a bespoke browser based platform, allowing seamless low cost trading across devices.
Demo Account
Yes
Regulated By
CySec, FSA
MT4 Integration
Yes
Min. Deposit
100 £/€/$ or 1000 NOK, SEK
Min. Trade
0.01 Lots or 1 Share
Crypto
Yes
Review
Global brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features.
Demo Account
Yes
Regulated By
FCA, CFTC, ASIC
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
$0
Crypto
No
Review
Capital.com offer CFDs and Forex on a huge range of assets, with competitive spreads and unique platforms, including the fully functional mobile app.
Demo Account
Yes
Regulated By
FCA, CySec, ASIC, FSA
MT4 Integration
Yes
Min. Deposit
£/$/€20 (Varies by payment method)
Min. Trade
Varies by asset
Crypto
No
Review
RoboForex is a multi-asset online broker offering powerful trading aides.
Demo Account
Yes
Regulated By
IFSC
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
Review
FXChoice is an offshore retail broker offering MT4 and MT5 platform downloads.
Demo Account
Yes
Regulated By
IFSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Review
Fusion Markets are delivering low cost forex and CFD trading via low spreads and trading costs. Their message is - Stop paying too much to trade
Demo Account
Yes
Regulated By
ASIC
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 Lots
Crypto
Yes
Review
easyMarkets.com - Simply Honest. Trade CFDs on Forex, Commodities, Indices, Shares & Cryptos With a Top Rated Forex Broker
Demo Account
Yes
Regulated By
CySec, ASIC, BVI
MT4 Integration
Yes
Min. Deposit
€100
Min. Trade
Varies by asset
Crypto
Yes
Review
FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.
Demo Account
Yes
Regulated By
ASIC 426359, CySEC 331/17, IFSC/000102/198, FSCA 50885
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
0.01 lots
Crypto
Yes
Review
NinjaTrader offer Traders Futures and Forex trading. Use Auto-trade algorithmic strategies and configure your own trading platform, and trade at the lowest costs.
Demo Account
Yes
Regulated By
NFA, CFTC
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
Varies by asset
Crypto
No
Review
EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
Review
OBR Invest is a CySEC-regulated forex, CFD and cryptocurrency trading broker offering the MetaTrader 4 platform.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01
Crypto
Yes
Review
Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions incl the UK and Australia. They boast tight spreads and no minimum deposit.
Demo Account
Yes
Regulated By
FCA, ASIC, FSCA and SCB
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.1 lots
Crypto
No
Review
Moneta Markets is a regulated FX & CFD broker offering a proprietary web platform.
Demo Account
Yes
Regulated By
CIMA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
Review
FXCM are an FCA regulated, London based broker. Companies under the FXCM umbrella are also regulated in Australia and South Africa.
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC.
MT4 Integration
Yes
Min. Deposit
£300
Min. Trade
Varies by asset
Crypto
No
Review
Finq.com offer a great all round service with trading on 2100+ assets and immediate bonus offers. Up to $4000 in Deposit Bonuses.
Demo Account
Yes
Regulated By
FSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Review
Spreadex offer spread betting on financials with low fees. The company is a popular and award winning UK regulated broker.
Demo Account
No
Regulated By
FCA
MT4 Integration
No
Min. Deposit
£0
Min. Trade
£0.01
Crypto
Yes
Review
ROInvesting is an online CFD broker regulated by the CySEC.
Demo Account
Yes
Regulated By
CySEC, SEBI
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
Review
A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms
Demo Account
Yes
Regulated By
DFSA, MAS, FCA, SFC
MT4 Integration
No
Min. Deposit
£500
Min. Trade
Vary by asset
Crypto
No
Review
GO Markets is an ASIC-regulated FX & CFD broker.
Demo Account
Yes
Regulated By
ASIC, CySEC, FSC of Mauritius
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
Review
ThinkMarkets is a multi-regulated forex and CFD broker
Demo Account
Yes
Regulated By
FCA, ASIC, FSCA, CySEC, JFSA, FSA Seychelles
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
Yes
Review
Markets.com offer CFDs across a huge range of assets from shares and indices to commodities and cryptocurrencies.
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC, FSCA, FSC, ESMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Review
IG offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have a 40 year track record of excellence.
Demo Account
Yes
Regulated By
FCA, MAS
MT4 Integration
Yes
Min. Deposit
£250
Min. Trade
£1
Crypto
No
Review
IronFX offers online trading in forex, stocks, futures and commodities
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Review
Multi-Award winning broker. Specialising in Forex but also offering stocks and tight spreads on CFDs and Spread betting across a huge range of markets.
Demo Account
Yes
Regulated By
CySec, DFSA, FCA, SCB, FSCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 Lots
Crypto
Yes
Review
Dukascopy is a Swiss-based forex, CFD, and binary options broker
Demo Account
Yes
Regulated By
FINMA, FCMC, JFSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Review
Binary.com are the established pioneers of binary options. The choice of the advanced trader, Binary.com offer the greatest flexibility of any binary broker. They also offer Forex and CFD via the MT5 platform.
Demo Account
Yes
Regulated By
MGA, SC
MT4 Integration
Yes
Min. Deposit
$5
Min. Trade
$1
Crypto
Yes
Review
Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.
Demo Account
Yes
Regulated By
FSRA, FCA, FSC, CMA
MT4 Integration
Yes
Min. Deposit
Trader Pro: $10,000 Trader: $100 
World:$20
Min. Trade
0.01 lots
Crypto
No
Review
Sage FX is an MT4 trading broker offering high leverage rates and secure mobile investing.
Demo Account
Yes
Regulated By
Pending
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
Review
RaceOption is a binary options and CFD platform offering trading contests and prize giveaways.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
$1
Crypto
Yes
Review
GemForex is a Japanese CFD and forex broker offering a curated selection of trading products.
Demo Account
Yes
Regulated By
FSC
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
None
Crypto
No
Review
TopFX is a Cyprus headquartered broker offering MT4, cTrader and copy trading.
Demo Account
No
Regulated By
CySEC, FCA, FSA
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
Yes
Review
EFG Hermes is a MENA-focused online broker that offers OTC securities and CFD trading in a wide range of markets.
Demo Account
Yes
Regulated By
DIFC
MT4 Integration
No
Min. Deposit
$0
Min. Trade
No
Crypto
No
Review
LidyaTrade is an unregulated forex and CFD brokerage providing a wide range of assets and services, including the MT5 platform, though some information on the firm's website is unsubstantiated.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$300
Min. Trade
0.01 lots
Crypto
Yes
Review
Sheer Markets is a Cypriot broker offering MT4 and MT5 trading in CFDs, forex and equities from across the world.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
Review
Scope Markets offers day trading and investing in over 250 spot & CFD instruments. The firm is regulated and boasts competitive trading conditions, several account types and a range of payment methods.
Demo Account
No
Regulated By
CMA, CySEC, FSCA
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
No
Review
Finveo is a regulated online broker with ZuluTrade social trading features, educational libraries and the ever-popular MT4 and MT5 platforms.
Demo Account
Yes
Regulated By
CMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Review
TMGM is a competitive Australian forex and CFD broker with a wide range of instruments, features and tools provided at low-cost
Demo Account
Yes
Regulated By
ASIC, FMA, VFSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Review
IMMFX is an offshore broker offering forex, commodity, crypto and CFD trading.
Demo Account
Yes
Regulated By
SVGFSA
MT4 Integration
Yes
Min. Deposit
50 USD
Min. Trade
0.01 lots
Crypto
Yes
Review
XBTFX offers cryptocurrency, forex and CFD trading services on both MT4 and MT5 platforms with ECN account options and crypto funding.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$5
Min. Trade
0.01 lots
Crypto
Yes
Review
AZAforex is an online broker offering a wide range of asset classes, helpful features, analytical tools and payment methods for clients across the world to get stuck into the financial markets.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$1
Min. Trade
0.00001 lots
Crypto
Yes
Review
10TradeFX is a global brokerage firm with forex, crypto and CFD trading support for the MetaTrader 5 platform with high leverage and low commission
Demo Account
Yes
Regulated By
SFSA
MT4 Integration
No
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
Review
FXCL boasts a competitive range of leverage rates and tradeable instruments that can be accessed through the MetaTrader 4 terminal.
Demo Account
Yes
Regulated By
SVG FSA
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
0.01 lots
Crypto
Yes
Review
Anzo Capital is a competitive global forex and CFD broker with ECN and STP accounts, both offering MT4 access and a wide range of assets.
Demo Account
Yes
Regulated By
IFSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Review
Golden Brokers supports MT5 trading for forex, commodities, stocks and indices with low commissions and mobile functionality
Demo Account
Yes
Regulated By
LFSC
MT4 Integration
No
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Review
TradeFW is a forex and CFD broker offering the MetaTrader 4 platform.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
No
Review
Switch Markets offers leveraged trading on forex, commodities, indices and cryptocurrencies.
Demo Account
Yes
Regulated By
ASIC
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
$1
Crypto
Yes
Review
OpoForex is an offshore forex and CFD broker, offering copy trading services and the MT4 platform.
Demo Account
Yes
Regulated By
FINACOM
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01
Crypto
Yes
Review
nextmarkets is a German stock and CFD broker with more than 800 instruments available for web and mobile-based trading.
Demo Account
Yes
Regulated By
MFSA
MT4 Integration
No
Min. Deposit
$0
Min. Trade
$1
Crypto
Yes
Review
FXPesa offers forex and CFD trading from its headquarters in Kenya.
Demo Account
Yes
Regulated By
CMA
MT4 Integration
Yes
Min. Deposit
$5
Min. Trade
No minimum
Crypto
No
Review
Purple Trading is a regulated forex and CFD broker with ECN and STP execution for a range of markets on two top commercial trading platforms: MT4 and cTrader.
Demo Account
Yes
Regulated By
CySEC, FCA
MT4 Integration
Yes
Min. Deposit
$20
Min. Trade
0.01 lots
Crypto
No
Review
ACY Securities is an award-winning, regulated forex and CFD brokers with a wide range of assets, payment methods and account types, providing access to MetaTrader 4 and MetaTrader 5 platforms.
Demo Account
Yes
Regulated By
ASIC, VFSC
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
Yes
Review
Rockfort Markets is a New Zealand broker with a competitive range of assets, trading platforms and educational services.
Demo Account
Yes
Regulated By
FSP, FMA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
Review
Finalto is a tech-focused brokerage firm offering CFD trading on a competitive range of assets, alongside liquidity provision and risk management systems.
Demo Account
Yes
Regulated By
FCA,CySEC,ASIC,BVI FSC, FSCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Review
ICE FX is a global STP broker boasting access to MT4 and CFD trading in four major asset classes: forex, crypto, precious metals and energies.
Demo Account
Yes
Regulated By
Labuan FSA
MT4 Integration
Yes
Min. Deposit
$30
Min. Trade
0.01 lots
Crypto
Yes
Review
VT Markets is an Australian-based broker offering forex, stocks, and commodity trading.
Demo Account
Yes
Regulated By
ASIC, CIMA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
No
Review
Yadix offers MT4 access for a range of CFD and forex products, alongside advanced tools like signals, VPS and ECN pricing.
Demo Account
Yes
Regulated By
FSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Review
Brokereo has blasted onto the scene as a forex and CFD broker with a wide range of assets, popular trading platforms, comprehensive educational material and advanced trading support.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
Review
ForexChief is a foreign exchange and CFD broker with offshore regulation and access to both MT4 and MT5 trading platforms.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
Review
UOB Kay Hian is a regulated, Malaysian broker with a range of investment and trading products offered at competitive prices.
Demo Account
No
Regulated By
MAS
MT4 Integration
No
Min. Deposit
$3,000
Min. Trade
0.01 lots
Crypto
No
Review
Pacific Union is a multi-asset broker offering trading via the MT4 and MT5 platforms.
Demo Account
Yes
Regulated By
Cyprus Securities and Exchange Commission (CySEC) and Seychelles Financial Services Authority (SFSA)
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
Yes
Review
A+ Trader is a forex and CFD broker with MT4 access, MAM accounts and decent educational content, available for a minimum deposit of $100.
Demo Account
No
Regulated By
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Review
AvantGardeFX is a Vanuatu-based forex and CFD broker with a competitive range of assets, platforms and tools on offer.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Review
EuroTrader is a regulated brokerage firm with securities and derivatives trading products, including stocks, forex and cryptos.
Demo Account
Yes
Regulated By
CySEC, FINMA, FSCA
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
Yes
Review
GoStreams is an unregulated forex, cryptocurrency and CFD broker with MT4 support, negative balance protection and social trading functionality.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01
Crypto
Yes
Review
Hugo's Way is an unregulated forex, crypto and CFD broker with MT4 access and impressive assets, leverage rates and security measures.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
Yes
Review
SuperForex is an African-based forex and derivatives broker with currency pairs, commodities, cryptos, stocks and indices.
Demo Account
Yes
Regulated By
IFSC
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
0.01 lots
Crypto
Yes
Review
Livemarkets is a forex and CFD broker with over 100,000 assets on MT4 and a proprietary web terminal.
Demo Account
Yes
Regulated By
FCA, CySEC, FSCA
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
No
Review
HotForex is a forex and CFD broker that is regulated by the FCA and provides access to over 1,000 securities and derivatives on several international markets.
Demo Account
Yes
Regulated By
FCA, DFSA, FSCA, CySEC, FSC, CMA, JFSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Review
BUX X is a user-focused CFD brokerage with a sleek mobile trading platform and a wide range of assets.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
No
Min. Deposit
$50
Min. Trade
$10
Crypto
No
Review
The Exness Group offers worldwide online trading across multiple asset classes, including forex, and commodities, on the industry-established MetaTrader 4 and MetaTrader 5 platforms.
Demo Account
Yes
Regulated By
FCA, CySEC, FSCA
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
$1
Crypto
No
Review
BMFN is an international CFD and forex broker offering MetaTrader 4 and UniTrader platforms and assets in commodities, currencies, ETFs and shares.
Demo Account
Yes
Regulated By
FCA, ASIC, FSP, VFSC
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
1 lot
Crypto
No
Review
AdroFX is a regulated, global broker offering forex, CFD and crypto trading with MT4 access and attractive welcome bonuses.
Demo Account
Yes
Regulated By
FSA, BSSLA
MT4 Integration
Yes
Min. Deposit
$25
Min. Trade
0.01 lot
Crypto
Yes
Review
Naga is a social investing platform offering copy trading on major financial markets including cryptocurrencies and stocks.
Demo Account
Yes
Regulated By
CySEC, FCA
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
Variable
Crypto
Yes
Review
RoboMarkets is an award-winning broker offering flexible margin trading.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$/£/€100
Min. Trade
0.01 lots
Crypto
No
Review
Core Spreads offers CFD trading and spread betting across several asset classes on two top-tier platforms.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
Review
Spread Co offers spread betting and CFDs with competitive trading conditions.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
No
Min. Deposit
£200
Min. Trade
£0.10
Crypto
No
Review
ProfitiX offers an interactive desktop and mobile trading experience via MT5.
Demo Account
No
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
Review
SVK Markets is a UK-regulated spread betting, forex and CFD broker.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Review
Price Markets offers an extensive list of CFDs on forex, indices and commodities.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$5,000
Min. Trade
0.01 lots
Crypto
No
Review
NPBFX offers trading in leading financial instruments as well as copy trading.
Demo Account
Yes
Regulated By
Financial Commission
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
Review
NSFX delivers tight spreads across FX and CFDs on the JForex & MT4 platforms.
Demo Account
Yes
Regulated By
MFSA
MT4 Integration
Yes
Min. Deposit
$300
Min. Trade
0.01 lots
Crypto
No
Review
M4Markets is a forex broker offering deposit bonuses with MT4 & MT5 tools.
Demo Account
Yes
Regulated By
Financial Services Authority (FSA)
MT4 Integration
Yes
Min. Deposit
$5
Min. Trade
0.01 lots
Crypto
Yes
Review
Zenfinex is a UK-headquartered broker offering social trading, low fees and MT4.
Demo Account
Yes
Regulated By
FCA, SVGFSA
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
No
Review
MultiBank FX is a regulated forex and CFD broker offering sign-up deposit bonuses, tight spreads and MT4 trading.
Demo Account
Yes
Regulated By
ASIC, BaFin, FMA, CNMV, DFSA, FSC, CIMA
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.1 lots
Crypto
Yes
Review
LH Crypto combines a digital alt coin exchange with a user-friendly online brokerage offering an array of tools, instruments and payment options.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
No
Min. Deposit
€10
Min. Trade
0.01 lots
Crypto
Yes
Review
JFD Bank offers comprehensive trading services, complete with MT4 and MT5 platforms and a range of products.
Demo Account
Yes
Regulated By
CySEC, VFSC, BaFin 
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Review
TMS Brokers is a leading European trading broker providing powerful tools and a suite of financial instruments.
Demo Account
Yes
Regulated By
Polish Financial Supervision Authority (KNF)
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
Yes
Review
Tradeview is based in the Cayman Islands and offers four leading trading platforms and 100+ financial instruments.
Demo Account
Yes
Regulated By
CIMA, MFSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Review
Lebanese Dealers Corporation (LDC) offers online trading in forex and CFDs across a choice of platforms.
Demo Account
Yes
Regulated By
Central Bank of Lebanon
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Review
ICM Capitals offers ultra-low spreads on FX, CFDs and futures via the MT4 platform.
Demo Account
Yes
Regulated By
FCA, SVGFSA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
No
Review
Global FX is an unregulated broker offering a suite of trading tools and products.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$300
Min. Trade
0.01 lots
Crypto
Yes
Review
Global Prime is a multi-regulated trading broker offering 100+ markets.
Demo Account
Yes
Regulated By
ASIC, VFSC, FSA
MT4 Integration
Yes
Min. Deposit
AUD $200
Min. Trade
0.01 lots
Crypto
Yes
Review
NBH Markets offers 60+ assets with floating spreads and a suite of tools.
Demo Account
Yes
Regulated By
St. Vincent and the Grenadines FSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Review
IFC Markets is a top broker offering the bespoke NetTradeX plus MT4 & MT5.
Demo Account
Yes
Regulated By
BVI FSC, SC, Labuan Financial Services Authority
MT4 Integration
Yes
Min. Deposit
1 USD / 1 EUR / 100 JPY
Min. Trade
0.01 lots
Crypto
Yes
Review
Stratton Markets offers leveraged online trading on its Trader platform & MT4.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
£250
Min. Trade
0.01 lots
Crypto
No
Review
Smart Prime FX is an offshore broker offering live, MAM and PAMM accounts.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$25,000
Min. Trade
0.01 lots
Crypto
No
Review
Capex offers a portfolio of trading products and leading investing tools.
Demo Account
Yes
Regulated By
CySEC, FSCA, ADGM
MT4 Integration
No
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Review
Trade.com offers thousands of tradable assets on desktop and mobile platforms.
Demo Account
Yes
Regulated By
FCA, CySEC, FSCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Review
Trade forex and CFDs with rich trading tools and real-time market data.
Demo Account
Yes
Regulated By
FSA Seychelles
MT4 Integration
No
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Review
ADSS is a regulated forex broker offering $100 minimum deposits & 1:500 leverage.
Demo Account
Yes
Regulated By
Central Bank of the UAE, FCA, SFC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Review
PaxForex is an offshore broker offering $10 minimum deposits & MT4 trading.
Demo Account
Yes
Regulated By
FSA
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.0001 lots
Crypto
Yes
Review
Amana Capital is a leading retail broker offering deposit bonuses and MT4 trading.
Demo Account
Yes
Regulated By
FCA, DFSA, CySEC, CMA, LFSA, FSC, SC
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
No
Review
ActivTrades offers online trading on the MT4, MT5 and ActivTrader platforms.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
No
Review
AETOS offers trading on the MT4 & MT5 platforms with a deposit joining bonus.
Demo Account
Yes
Regulated By
FCA, ASIC, VFSC, CIMA
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
No
Review
ArgusFX is a Cyprus-based broker offering MT4 trading from a sleek client portal.
Demo Account
No
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
Review
4xCube is a MetaTrader forex broker registered and licensed in the Cook Islands.
Demo Account
Yes
Regulated By
FSC Cook Islands
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
Review
BlackBull Markets offers forex and CFD trading on the MT4 & MT5 platforms.
Demo Account
Yes
Regulated By
FMA, FSA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
No
Review
CGS-CIMB is a Singapore-based trading broker offering futures, FX, CFDs & bonds.
Demo Account
Yes
Regulated By
MAS
MT4 Integration
Yes
Min. Deposit
100 SGD
Min. Trade
0.01 lots
Crypto
No
Review
Trade forex and CFDs with 1:30 leverage and advanced trading tools.
Demo Account
Yes
Regulated By
FCA, CIMA
MT4 Integration
No
Min. Deposit
$5,000
Min. Trade
0.01 lots
Crypto
No
Review
AskoBID offers multi-asset trading with a €250 minimum deposit & 1:500 leverage.
Demo Account
No
Regulated By
MT4 Integration
No
Min. Deposit
€250
Min. Trade
0.01 lots
Crypto
Yes
Review
Mitto Markets offers multi-asset trading across a range of competitive instruments.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
Review
Arum Capital is a CySEC-regulated forex broker offering the MT5 platform.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Review
WH SelfInvest facilitates multi-asset trading through web & downloadable platforms.
Demo Account
Yes
Regulated By
BaFin, CSSF, FSMA, AFM
MT4 Integration
Yes
Min. Deposit
€500
Min. Trade
0.01 lots
Crypto
No
Review
Weltrade is an established online broker providing tight spreads & powerful tools.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$25
Min. Trade
0.01 lots
Crypto
Yes
Review
Windsor Brokers offers MT4 trading on forex, stocks, commodities and more.
Demo Account
Yes
Regulated By
CySEC (Cyprus), IFSC (Belize), JSC (Jordan)
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Review
Bulbrokers EAD offers FX & CFD trading on a choice of leading online platforms.
Demo Account
Yes
Regulated By
FSC, FCA, CNVM
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Review
Atiora offers forex & CFD trading with easy-access $1 minimum deposit accounts.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
0.01 lots
Crypto
Yes
Review
BP Prime offers MT4 trading with fast executions and a mobile app solution.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$5,000
Min. Trade
0.01 lots
Crypto
Yes
Review
Blackwell Global offers seamless online trading in forex, stocks & cryptos.
Demo Account
Yes
Regulated By
FCA, CySEC
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
Review
Khwezi Trade is an online broker offering four live MT4 trading accounts.
Demo Account
Yes
Regulated By
FSCA
MT4 Integration
Yes
Min. Deposit
R 2,000
Min. Trade
0.01 lots
Crypto
No
Review
Key To Markets is an FCA-regulated online trading broker offering a variety of account types, including social PAMMs.
Demo Account
Yes
Regulated By
FCA, FSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Review
Uptos offers multiple trading assets, payment options and the MT5 platform.
Demo Account
No
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
Review
DirectFX is an offshore online forex broker offering MT4 trading.
Demo Account
No
Regulated By
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Review
Trade Q8 is an online broker in the MENA region offering forex & multi-asset trading.
Demo Account
Yes
Regulated By
FSA (Seychelles)
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
Review
Mega Trader FX is a multi-asset broker offering 1:500 leverage and deposit bonuses.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
Review
LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$20
Min. Trade
0.01 lots
Crypto
Yes
Review
Larson & Holz offer desktop & mobile trading on FX and CFDs via the MT5 platform.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
No
Review
TIO Markets offers 120 instruments, MetaTrader platforms & PAMM accounts.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
Yes
Review
SynergyFX is an Australian broker offering ECN accounts & the MetaTrader platforms.
Demo Account
Yes
Regulated By
ASIC, VFSC
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
No
Review
Trade12 offers multi-asset trading with tiered account levels to suit different needs.
Demo Account
No
Regulated By
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
No
Review
Swissquote is an FCA-regulated FX & CFD broker offering 160+ trading products.
Demo Account
Yes
Regulated By
FCA, FINMA, DFSA, SFC
MT4 Integration
Yes
Min. Deposit
$1,000
Min. Trade
0.01 lots
Crypto
No
Review
Trade FX, stocks, cryptos and commodities with powerful trading tools at eXcentral.
Demo Account
No
Regulated By
CySEC, FSCA
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
Review
DIF Broker is an online Portuguese broker offering proprietary trading solutions.
Demo Account
Yes
Regulated By
CMVM, CNMV
MT4 Integration
No
Min. Deposit
Undisclosed
Min. Trade
0.01 lots
Crypto
No
Review
SimpleFX is a CFD broker offering its own SFX WebTrader platform & low fees.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
Yes
Review
Capital Index is a spread betting, FX & CFD provider offering reasonable trading fees.
Demo Account
Yes
Regulated By
FCA, ASIC, SCB
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Review
TeleTrade offers ECN accounts with tight spreads & powerful trading platforms.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
100 EUR/USD
Min. Trade
0.01 lots
Crypto
Yes
Review
Start trading forex and CFD products on the MetaTrader 4 platform at Finotrade.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$1,000
Min. Trade
0.01 lots
Crypto
No
Review
Financial Spreads is a UK-regulated broker offering spread betting and CFDs.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
No
Min. Deposit
£250
Min. Trade
0.01 lots
Crypto
Yes
Review
FIBO Group is a dual-licensed forex broker offering multiple trading platforms.
Demo Account
Yes
Regulated By
CySEC, FSC BVI
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
Yes
Review
InterForex offers online trading in major markets on two sophisticated trading platforms; InterForex Pro and OmniTrader+.
Demo Account
Yes
Regulated By
Financial Services authority of Honduras (FSA)
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
No
Review
Trade stocks, forex and commodities on the CrescoFX platform & MT4 app.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$1,000
Min. Trade
0.01 lots
Crypto
Yes
Review
KLMFX offers traditional assets and markets on the MetaTrader 5 platform.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
No
Review
With multiple trading products and an advanced suite of analysis tools, Darwinex is an excellent online broker.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Review
FXDD offers online trading in six major asset classes on the MT4, MT5 and WebTrader platforms.
Demo Account
Yes
Regulated By
Malta Financial Services Authority (MFSA), Mauritius Financial Services Commission (MFSC)
MT4 Integration
Yes
Min. Deposit
$/£1
Min. Trade
0.01 lots
Crypto
No
Review
AMarkets offers a suite of tools and trading products on the MT4 & MT5 platforms.
Demo Account
Yes
Regulated By
FSA SVG
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Review
CPT Markets offers CFDs, futures and options trading on the MT4 platform. 
Demo Account
Yes
Regulated By
FCA, IFSC (Belize)
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Review
Trade forex, CFDs and futures with leading tools and low minimum deposits.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
No
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Review
Choose from a multitude of trading platforms and instruments at Intertrader.
Demo Account
Yes
Regulated By
Gibraltar Financial Services Commission & Limited Regulation under the FCA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
No
Review
Daniels Trading offers a variety of trading solutions & advanced tools.
Demo Account
Yes
Regulated By
National Futures Association (NFA)
MT4 Integration
No
Min. Deposit
$2,000
Min. Trade
0.01 lots
Crypto
No
Review
House of Borse offers trading in over 200 financial instruments on MT4 and MT5.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$5,000
Min. Trade
0.01 lots
Crypto
No
Review
Global Market Index offers multiple asset classes on five powerful trading platforms.
Demo Account
Yes
Regulated By
FCA, VFSC
MT4 Integration
Yes
Min. Deposit
$2,000
Min. Trade
0.01 lots
Crypto
No
Review
FXTrading.com offers online forex, stocks, commodities and crypto financial markets.
Demo Account
Yes
Regulated By
ASIC, VFSC
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
Review
Trade the markets with MT4 trading tools alongside CySEC regulation.
Demo Account
Yes
Regulated By
CYSEC, VFSC, FSCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Review
FXGM offers live trading accounts on its proprietary PROfit platform.
Demo Account
No
Regulated By
CySEC, FSCA
MT4 Integration
No
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
Review
FCMarket offers forex, stocks and commodities trading on a choice of live accounts.
Demo Account
Yes
Regulated By
SVG FSA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
No
Review
Orbex is a trusted forex broker offering several accounts & the MT4 platform.
Demo Account
Yes
Regulated By
CySEC, BaFin, FSC (Mauritius)
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
No
Review
OctaFX offers multi-asset trading on a range of platforms and mobile solutions.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Review
Colmex Pro is a top retail trading provider offering competitive pricing.
Demo Account
Yes
Regulated By
CySEC, FSCA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
No
Review
Trade a range of products on the MetaTrader platforms at DMM FX.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
Undisclosed
Min. Trade
0.01 lots
Crypto
Yes
Review
CIX Markets is an FCA-regulated online trading broker offering powerful tools.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.1 lots
Crypto
No
Review
CFD Global FX is an offshore broker offering trading on multiple financial markets.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Review
Trade on the financial markets with the latest technology at City Credit Capital.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
No
Review
SmartFX is a leading online provider of forex, CFDs and futures.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
No
Min. Deposit
Undisclosed
Min. Trade
0.01 lots
Crypto
No
Review
FXGiants is a top trading provider, offering a breadth of assets on the MT4 platform.
Demo Account
Yes
Regulated By
FCA & ASIC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Review
Forex4you offers retail trading on a choice of top trading platforms.
Demo Account
Yes
Regulated By
BVI FSC
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
Review
ForexMart is an EU-regulated broker offering MT4 trading on stocks, FX and cryptos.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
1 EUR/USD
Min. Trade
0.01 lots
Crypto
Yes
Review
EZ Invest is a CySEC-licensed broker offering trading on the financial markets.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Review
Grand Capital is an MT4 retail trading broker offering multiple bonuses.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
Review
ITradeFX offers online trading with competitive fees, but is the broker safe?
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
Yes
Review
CMSTrader offers multi-asset trading with fast payment speeds & useful features.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Review
FXFlat offers several asset classes on the MetaTrader 4 & MetaTrader 5 platforms.
Demo Account
Yes
Regulated By
BaFin
MT4 Integration
Yes
Min. Deposit
€200
Min. Trade
0.01 lots
Crypto
Yes
Review
JP Markets is an award-winning South African Forex and CFD broker.
Demo Account
Yes
Regulated By
FSB
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
Yes
Review
12Trader is a regulated online broker offering trading in forex & CFDs.
Demo Account
Yes
Regulated By
CySEC, VFSC
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Review
FP Markets is a multi-asset broker offering a choice of trading platforms.
Demo Account
Yes
Regulated By
ASIC, CySEC, ESMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Review
FortFS is a multi-asset trading broker offering a range of tools & resources.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$5
Min. Trade
0.01 lots
Crypto
Yes
Review
Fortrade is a multi-asset broker offering a simple live account with advanced tools.
Demo Account
Yes
Regulated By
FCA, ASIC, CySEC, NBRB, IIROC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
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Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
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Tier1FX is a regulated CFD and forex trading broker.
Demo Account
Yes
Regulated By
MFSA
MT4 Integration
Yes
Min. Deposit
$1,000
Min. Trade
0.01 lots
Crypto
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iFOREX is a multi-regulated forex & CFD broker with millions of clients worldwide
Demo Account
Yes
Regulated By
CySEC, FCA, BVI
MT4 Integration
No
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Review
XGlobal Markets offers online trading in forex and CFDs through the industry-renowned MT5 platform.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
No
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Squared Financial is a CySEC-regulated forex & CFD broker with 10,000 tradeable assets for both MT4 and MT5.
Demo Account
Yes
Regulated By
CySEC, FSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
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Equiti is a global forex & CFD broker offering a proprietary webtrader platform & MT4.
Demo Account
Yes
Regulated By
FCA, JSC, DMCC, SCA, CMA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
No
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Demo Account
Yes
Regulated By
FSA (Seychelles)
MT4 Integration
No
Min. Deposit
$5,000
Min. Trade
0.01 lots
Crypto
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Libertex - Trade Online. Libertex offer CFD and Forex trading, with fixed commissions and no hidden costs.
Demo Account
Yes
Regulated By
CySec
MT4 Integration
Yes
Min. Deposit
€100
Min. Trade
€20
Crypto
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Spectre.ai is a blockchain-based binary options broker
Demo Account
Yes
Regulated By
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MT4 Integration
No
Min. Deposit
$0
Min. Trade
$1
Crypto
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Demo Account
Yes
Regulated By
FCA, CySEC, ASIC, JSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
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Trade on the financial markets with low cost, leveraged products at HYCM.
Demo Account
Yes
Regulated By
FCA, DFSA, CIMA, CySEC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
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Demo Account
Yes
Regulated By
MFSA
MT4 Integration
Yes
Min. Deposit
€100
Min. Trade
0.01 lots
Crypto
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AAAFx offers automated and copy platforms for forex and CFD trading.
Demo Account
Yes
Regulated By
HCMC (Greece), FSA (St Vincent & Grenadines)
MT4 Integration
Yes
Min. Deposit
$300
Min. Trade
0.01 lots
Crypto
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Alvexo is a CySEC-regulated MT4 forex & CFD broker.
Demo Account
Yes
Regulated By
CySEC, FSA
MT4 Integration
Yes
Min. Deposit
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Min. Trade
0.01 lots
Crypto
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Review
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Demo Account
Yes
Regulated By
FCA, FSA
MT4 Integration
Yes
Min. Deposit
$300
Min. Trade
0.01 lots
Crypto
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Axes offers multi-asset trading through the MT5 platform and mobile app.
Demo Account
Yes
Regulated By
FSA, IFMRRC
MT4 Integration
No
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Review
Valutrades is a leading MetaTrader forex & CFD broker.
Demo Account
Yes
Regulated By
FCA, FSA
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
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Review
DeltaStock is a multi-asset online broker offering desktop & mobile trading tools.
Demo Account
Yes
Regulated By
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MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
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FXOpen is a highly regulated FX & CFD broker offering multiple trading platforms.
Demo Account
Yes
Regulated By
FCA, ASIC
MT4 Integration
Yes
Min. Deposit
$300
Min. Trade
0.01 lots
Crypto
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ICM Brokers is a regulated MT4 broker offering online trading in forex & CFDs.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
Yes
Min. Deposit
$300
Min. Trade
0.01 lots
Crypto
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Demo Account
Yes
Regulated By
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MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
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Review
Infinox is a UK-based broker offering MT4 trading with tight spreads.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
£1
Min. Trade
0.01 lots
Crypto
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Demo Account
Yes
Regulated By
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MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
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Review
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Demo Account
Yes
Regulated By
ASIC
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
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Demo Account
Yes
Regulated By
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MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
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Review
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Demo Account
Yes
Regulated By
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MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
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Demo Account
Yes
Regulated By
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MT4 Integration
Yes
Min. Deposit
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Min. Trade
0.01 lots
Crypto
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Demo Account
Yes
Regulated By
FCA, ASIC, FSC, FMA, FSA, CGSE, VSFC, JSC
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
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Demo Account
Yes
Regulated By
FCA, CySEC, FSA, LFSA, SC
MT4 Integration
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Min. Deposit
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Min. Trade
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Crypto
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Demo Account
No
Regulated By
MT4 Integration
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Min. Deposit
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Min. Trade
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Crypto
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GCI offers online trading in 300+ tradable assets with up to 1:400 leverage.
Demo Account
Yes
Regulated By
MT4 Integration
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Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
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Demo Account
Yes
Regulated By
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MT4 Integration
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Min. Deposit
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Min. Trade
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Crypto
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TradeTime is an FX broker also offering trading in stocks, commodities, & Bitcoin.
Demo Account
Yes
Regulated By
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Min. Deposit
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Min. Trade
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Crypto
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Noble Trading is an FX & CFD broker offering multiple deposit & payment options.
Demo Account
Yes
Regulated By
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Min. Deposit
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Min. Trade
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Crypto
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Demo Account
Yes
Regulated By
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MT4 Integration
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Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
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Demo Account
Yes
Regulated By
MT4 Integration
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Min. Deposit
$250
Min. Trade
$1
Crypto
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Demo Account
Yes
Regulated By
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MT4 Integration
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Min. Deposit
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Min. Trade
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Demo Account
Yes
Regulated By
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MT4 Integration
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Min. Deposit
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Min. Trade
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Crypto
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IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only.
Demo Account
Yes
Regulated By
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MT4 Integration
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Min. Trade
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Demo Account
Yes
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MT4 Integration
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Demo Account
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Regulated By
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MT4 Integration
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Demo Account
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Regulated By
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MT4 Integration
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ETX Capital are a London-based, FCA regulated broker offering tight spreads across a wide range of markets. They offer professional client services for eligible pro clients, and free guaranteed stops on the TraderPro platform. Plus, you can trade the top 250 most popular share CFDs with zero commission.
Demo Account
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MT4 Integration
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Demo Account
Yes
Regulated By
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MT4 Integration
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Min. Trade
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Ayondo offer trading across a huge range of markets and assets. They also offer negative balance protection and social trading.
Demo Account
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MT4 Integration
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AAATrade offers tens of thousands of Stocks, ETFs, CFDs, securities and cryptocurrency trading on proprietary and MetaTrader platforms
Demo Account
Yes
Regulated By
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MT4 Integration
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Demo Account
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Regulated By
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InstaForex provide Forex, CFDs, Stock and Cryptocurrency trading. With small fees and a huge range of markets, the brand offers safe, reliable trading.
Demo Account
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Regulated By
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MT4 Integration
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Demo Account
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Regulated By
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MT4 Integration
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Demo Account
Yes
Regulated By
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Min. Trade
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Demo Account
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Regulated By
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MT4 Integration
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Crypto
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How Forex CFD Trading Works

Contracts for difference (CFDs) are a derivatives product that allows speculation upon the variation in the values of two different global currencies. Forex CFD trading assets are given as currency pairs, such as GBP/USD, and each contract purchased will rely on the change in the exchange rate between these two currencies. CFDs are effectively contracts with a seller whereby both parties agree to exchange the difference in the value of the exchange rate between the open and close positions of the contract.

Forex trading through CFDs, rather than straight purchasing a large quantity of another currency to sell on later, makes it possible to profit from both an increase and decrease in the exchange rate, called going long or going short. For example, if you believe the exchange rate of GBP/USD will decrease (the GBP weakening against the USD), you would go short and, if the exchange rate does decrease by the time you close the position, you will have earned the difference as profit. Forex CFDs do not have expiry dates, so positions can be closed whenever you wish.forex cfd trading brokers

CFDs, including forex CFDs, are traded over-the-counter (OTC) in the same way that non-CFD forex trading is, which means they are not traded on a regulated exchange. The Financial Conduct Authority (FCA) has therefore sought to impose some protections for retail clients, which are explained further down in this guide.

Size Of The CFD Market

In 2020, we saw a 32% year-over-year increase in investors trading CFD products. This growth is being driven by more online brokers offering these products to retail investors (rather than just professional clients). For example, forex CFD trading along with CFDs in stocks, indices, oil and gold are offered by XM. ThinkMarkets (who took over Trade Interceptor), Videforex, XTB (which uses the xStation platform), forex.com and Oanda also offer traders access to other diverse product ranges online and through mobile apps (such as via an Android Package Kit (APK)).

However, forex traders should always verify the legitimacy and security of the platform they use as there have been serious concerns around some platforms like QProfit System, an automated trading robot in the CFD trading market.

Another reason for the growth in forex CFD trading is that the range of markets clients can access is always expanding, now often including cryptocurrencies (where legal), which has seen massive growth. There has also been more market volatility in recent years, which lends itself to CFD trading as it is designed for speculative trading of shorter-term trends with no need to take ownership of the underlying asset.

Leverage

Forex CFD trading, along with all types of CFD trading, can be leveraged, which means that brokers only require a proportion of the total value of the trade size to be given as collateral. This amount will be determined by the margin requirements. By way of an example, a particular CFD may have a margin requirement of 5%. This would mean the trader would only need to put down £5 for every £100 they are exposed to.

Leveraged financial products can increase returns, as the trader is trading with a value larger than their capital investment. However, for the same reasons, this means losses can also be more significant. Therefore forex CFD trading with leverage should only be undertaken by those who fully understand how CFDs work and the risks involved. Traders should only speculate upon currencies with leverage and margin requirements that are appropriate for their circumstances.

Forex CFD Trading Strategies

Long

When traders ‘go long’, this means they are buying an asset that they expect will rise in value, so they can sell it at a later date to make a profit from this rise. Knowing whether a particular currency pair is going to rise in value depends on several factors, for example, central bank interest rate decisions, the value of key commodities, political events and macroeconomic data releases. Traders should be aware of these factors and which upcoming events are likely to influence the value of a currency. Most brokers will give traders access to live economic news and data.

Short

‘Going short’ in forex CFD trading is when you ‘sell’ the CFD first, expecting the value of the asset to fall so that you can then buy the asset back and make a profit. Not all financial markets allow traders to ‘go short’ and so this is a popular strategy used by traders in the CFD markets. As with long positions, it requires strong knowledge of factors influencing the market.

Hedging

Forex CFD trading often forms part of sophisticated hedging strategies. For example, if an investor holds a large amount of one currency and believes its value may drop temporarily, they may wish to short it with a CFD to profit from its drop, offsetting the loss incurred by the held currency.

Day Trading

Forex CFD trading speculators may choose to buy and then sell their assets all within the same day. The success of this approach depends on the currency pair being traded and the time of day. For example, a forex pair may be more volatile and liquid on the day of a central bank interest rate meeting and could provide an opportunity for day traders. Day traders will also avoid overnight fees charged by many brokers.

Pros Of Forex CFD Trading

  • CFDs are a leveraged asset so traders can gain more exposure to the market and therefore earn greater profits (although they are at risk of greater losses for the same reason)
  • Allows for long and short positions, which means traders with a diverse portfolio can engage in hedging strategies
  • CFDs are not subject to stamp duty in the UK (though they will usually be subject to capital gains tax (CGT))
  • The CFD market has seen strong growth, which means higher liquidity and volume

Cons Of Forex CFD Trading

  • All types of CFDs are banned in the US, including forex CFDs
  • Spreads can reduce the profitability of forex CFD trading, especially with exotic currency pairs
  • In the UK, CFDs are generally subject to CGT
  • Leverage can make investing in forex CFDs high risk – 67% of retail investor accounts on CMC Markets lose money when trading CFDs

How To Start Forex CFD Trading

Choose A Broker

Many online brokers offer forex CFD trading, including IG and Plus500. Make sure that the broker is regulated and offers competitive spreads, with minimal additional fees.

Traders will usually be able to begin forex CFD trading on the broker’s trading platform through their website or on their app using a mobile or tablet device. Forex & CFD trading platforms – like XTB (running on the xStation platform) – can often also be downloaded through an APK. Most brokers will have demo accounts, which are recommended for less-experienced traders, given the complexity and risk of the CFD market.

Getting access to a live account will usually require the completion of an application form with personal details and other information, such as a preference of account type.

Open A Position

The range of currency pairs available for forex CFD trading will depend on the broker, though most will offer the major currency pairs (e.g EUR/USD, GBP/USD etc.), with many supplementing these with minor and exotic pairs. Traders can easily see the spread for a particular currency pair and then choose whether to go long (buy) or short (sell) on that pair.

Monitor Position

Be aware of key financial and macroeconomic events that impact currency values. Make use of any economic calendars or live data and news available on the broker’s platform. You should also keep an eye on other markets that may indirectly impact the forex market.

Close Position

The forex CFD trading position is closed when the investor decides, with the difference between the initial contract price and the final price being appropriately distributed between the trader and the broker.

Brokers will usually have advanced order types available, including a stop-loss order. A stop-loss order helps reduce risk by setting a limit on the amount by which a currency can depreciate before the position is automatically closed.forex cfd trading guide for beginners

Fees

Fees in forex CFD trading are usually generated from spreads (as opposed to commissions). Spreads tend to be tighter when investing in major currency pairs (e.g EUR/USD). With exotics, traders can easily encounter spreads over 20 pips.

Overnight rates will usually apply and vary depending on whether the trader has gone long or short. Some brokers will also charge fees for currency conversion, advanced order types and account inactivity. Deposit and withdrawal fees may also apply.

Forex CFD Trading Tips

Manage Risk Using Advanced Orders

Most brokers will have tools to enable traders to set limits on their losses and also allow them to close positions once profits reach a certain level. For any financial product, this is a useful tool to manage risk. However, for leveraged forex CFD trading, ensuring that limits on losses are implemented is important.

Do Not Hold Positions for Too Long

Overnight fees are usually charged by brokers on all CFDs. Although some traders may deliberately implement a longer strategy (swing traders and position traders), large trades kept open for a prolonged period can cause these fees to add up. Intraday forex CFD trading is not subject to overnight fees.

Start Small

Forex CFD trading was traditionally only available to professional investors and veterans. Although this market has opened up in recent years to retail investors, those with less experience should be fully aware of the fees they are liable for and the risk they are exposed to through leverage and market volatility. Make use of the demo accounts and any educational resources available on the broker’s website. If you are then satisfied that forex CFD trading is right for you, start with major currency pairs and small deposits.

Regulation

All types of CFD trading, including forex CFD trading, is regulated by the FCA in the UK. This regulation protects retail investors, for example, by limiting the maximum leverage rates to 1:30 for major pairs and ensuring traders cannot lose more money than they deposited in their accounts.

Some regulators in other jurisdictions have also implemented their restrictions on CFD trading. Like the FCA, the European Securities and Markets Authority (ESMA) has adopted leverage limits for retail clients.

Forex CFD Trading Promotions

The FCA has banned brokers from offering retail traders cash or other inducements to encourage them to trade. This is part of a string of measures taken by the FCA to protect retail clients from any financial product that has significant risk and is often traded without enough understanding and knowledge of the dangers involved. Other regulators, such as the Cyprus Securities and Exchange Commission (CySEC), have adopted similar measures.

Final Word On Forex CFD Trading

Forex CFD trading allows investors to speculate on the value of a range of currency pairs and potentially benefit from market volatility and the performance of different national economies. The assets are provided OTC and traders should be fully aware of the risks of investing in this leveraged financial product, preferably making use of advanced order types to limit losses. While spot forex trading may be less risky, with none of the leverage dangers, forex CFD trading allows for increased market exposure and the ability to earn a profit from bullish and bearish trends.

FAQs

What Is A CFD?

A CFD is a contract for difference. It is an agreement between a buyer and seller to exchange the difference in the value of the underlying asset between the opening of the contract and the closing of the contract, without actually owning the underlying asset. With forex CFD trading, this would be the exchange rate of a pair of currencies.

What Is The Definition Of Forex CFD Trading?

Forex CFD trading is a particular type of CFD trading involving currency pairs. It is essentially a form of speculating on whether the value of a currency will go up or down, without physically purchasing the currency.

Is Forex CFD Trading Risky?

Forex CFDs are a leveraged financial product, which means investors only have to invest a small proportion of a trade’s value. Gains will be multiplied by the leverage rate used, though losses are also magnified and you can end up losing more than you have in your account.

What Fees Are Typically Applied To Forex CFD Trading?

Most brokers will generate fees from spreads (the difference between the bid (buy) and ask (sell) prices). Spreads on major currency pairs, as opposed to exotic pairs, will usually be tighter and therefore more profitable to the investor. Other fees may be applicable depending on the broker, including overnight fees.

Is Spread Betting Or CFDs Better When Trading Forex?

Both involve traders speculating on whether the price of the underlying asset will rise or fall, without actually owning the underlying asset. In the UK, spread betting has a tax advantage; it is not subject to CGT or stamp duty, whereas forex CFD trading profits are subject to CGT (although not stamp duty).