Published 5 months ago • 3 minute read

Best CFD Brokers

CFD brokers are platforms that allow traders to trade on their computers and mobile devices. With CFD brokers, traders can easily monitor the price movement of different assets to execute profitable trades. They give traders access to trade commodities, stocks, indices, currency pairs, and cryptocurrencies.

That’s not all because most of the forex brokers in USA allow traders to access educational tools and utilize different account types with a series of payment methods. So, when it comes to the best CFD brokers, we have arranged a list of popular brokers below to get you started on trading forex.

1. XTB

XTB is a popular broker that’s regulated by the CNMV in Spain, CySEC, FCA, IFSC, and KNF. They started their service in 2002 in Warsaw, Poland. XTB allows the trading of forex, stock CFDs, ETFs, and Cryptocurrencies. They support the trading of over 48 currency pairs at low-cost spreads. However, stocks and ETFs attract a fixed commission of 0.08%. XTB has similar features to Fxtm Trading (a forex time broker).

Features of XTB

  • Set of educational courses for traders
  • A free demo account for test trading
  • User-friendly trading platform
  • Allows low spreads

2. IronFX

IronFX is a broker introduced in 2010 in Cyprus. They are not licensed or regulated by financial authorities. They have different trading accounts classified as micro, premium, and VIP. And the interesting thing is that it offers commission-free and commission-based trading depending on the account type.

Features of IronFX

  • More than 200+ financial instruments
  • Platform available on mobile and desktop
  • Copy-trading, VPS hosting, and AutoTrade

Best CFD Broker

3. IC Markets

IC Markets is a broker introduced in 2007 in Australia. They are licensed or regulated by financial authorities like ASIC, CySEC, and FSA(SC). IC Markets remains a popular trading platform with millions of traders. They have different varieties of trading accounts. And the most interesting thing is that the broker is suitable for beginners and professional traders. IC markets provide trading services similar to those of fp markets.

Features of IC Markets

  • Processes over 500,000 trades per day
  • High volume trades
  • MetaTrader and cTrader available on both mobile and desktop
  • 24 hours customer services
  • Set of educational tools

4. TMGM

TMGM is a broker introduced in 2013 in Australia. They are licensed or regulated by ASIC, and VFSC. IC Markets remains a popular trading platform with millions of traders. They have different types of trading accounts for users. They have over 15,000+ trading instruments such as forex, commodities, shares, and indices.

Features of TMGM

  • Users can trade over 15,000+ instruments
  • Traders can utilize two types of trading accounts
  • Commission-free trading on spreads from 1 pip
  • 24 hours customer services
  • MT4 and MT5 trading platform
  • Set of educational tools

Conclusion

When choosing a broker, you have to consider several factors such as the specific broker's trading conditions and various other features in order to make the right choice. Also make sure that the broker provides a user-friendly platform for their users on both mobile and desktop.

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