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Alison Heyerdahl
Edited by
Author
Alison Heyerdahl
Edited by
Alison Heyerdahl
Head of Content

Alison Heyerdahl is the Head of Content at FxScouts and a financial writer with extensive experience in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast to help traders make informed, safe decisions.

Learn more about Alison Heyerdahl
Author
Author
Chris Cammack
Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

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Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Clients can lose more than they deposit. All trading involves risk.

Advertiser Disclosure

FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis. Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, they cannot pay to alter our recommendations, advice, ratings, or any other content. Our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. For more detailed information click this link.

Best CFD Brokers in the Philippines for 2025

Edited by
Author
Alison Heyerdahl
Edited by
Alison Heyerdahl
Head of Content

Alison Heyerdahl is the Head of Content at FxScouts and a financial writer with extensive experience in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast to help traders make informed, safe decisions.

Learn more about Alison Heyerdahl
Chris Cammack
Author
Chris Cammack
Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

Learn more about Chris Cammack

CFD trading gives retail traders flexible access to global markets, with the ability to trade long or short and use leverage to control larger positions with a relatively small deposit. This flexibility also introduces higher risk, making it essential to work with a well-regulated broker that offers transparent pricing, strong risk controls, and a reliable trading platform.

Our team has evaluated over 180 CFD brokers to identify the safest and most cost-effective options for 2025. The brokers featured here stand out for their regulation, trading conditions, platform quality, research tools, and overall value for traders of all experience levels.

Trusted. Transparent. Tested.

For over a decade, we’ve set the standard in forex broker reviews—collecting thousands of data points yearly to deliver unbiased, expert-backed insights.

Skip the trial and error! Below, you’ll find the best forex brokers in the Philippines for 2025—thoroughly tested, verified, and ranked, so you can trade with confidence.

Primary Image

Best CFD Brokers in the Philippines for 2025

You can either use the arrow button or swipe on mobile

Official Site
Regulators
Compare
Visit Broker
75.3% of retail CFD accounts lose money
USD 0
1000:1
1597
1300
40
23
90
FCA Regulated BrokersASIC Regulated Forex BrokersCySEC Regulated BrokersDubai Financial Services Authority
Bundesanstalt für FinanzdienstleistungsaufsichtSecurities Commission of the BahamasCapital Markets Authority
Visit Broker
79% of retail CFD accounts lose money
AUD 100
30:1
10162
10000
11
17
70
ASIC Regulated Forex BrokersCySEC Regulated BrokersFSCA Regulated Forex BrokersThe Seychelles Financial Services Authority
Financial Services CommissionCapital Markets Authority
Visit Broker
78% of retail CFD accounts lose money
USD 0
500:1
8658
2177
27
25
69
CySEC Regulated BrokersFCA Regulated BrokersInternational Financial Services CommissionKomisja Nadzoru Finansowego
Visit Broker
77.41% of retail CFD accounts lose money
USD 10
1000:1
2193
2000
7
13
49
CySEC Regulated BrokersThe Seychelles Financial Services AuthorityFinancial Regulatory Services Authority
Visit Broker
69.21% of retail CFD accounts lose money
USD 5
3000:1
573
474
0
11
72
ASIC Regulated Forex BrokersInternational Financial Services Commission
Visit Broker
75.18% of retail CFD accounts lose money
USD 5
500:1
1554
1300
10
20
57
CySEC Regulated BrokersASIC Regulated Forex BrokersDubai Financial Services AuthorityInternational Financial Services Commission
Visit Broker
76% of retail CFD accounts lose money
USD 100
400:1
930
636
25
36
63
ASIC Regulated Forex BrokersFSCA Regulated Forex BrokersCySEC Regulated BrokersFinancial Services Agency
Central Bank of IrelandFinancial Regulatory Services AuthorityIsrael Securities Authority
Visit Broker
75% of retail CFD accounts lose money
USD 100
30:1
2241
2090
0
19
70
FCA Regulated BrokersCySEC Regulated BrokersFSCA Regulated Forex BrokersDubai Financial Services Authority
Securities Commission of the Bahamas
Visit Broker
74% of retail CFD accounts lose money
USD 100
1000:1
1009
765
22
31
56
FCA Regulated BrokersCySEC Regulated BrokersASIC Regulated Forex BrokersFSCA Regulated Forex Brokers
British Virgin Islands Financial Services Commission
Visit Broker
89% of retail CFD accounts lose money
AUD 0
500:1
247
110
25
18
81
ASIC Regulated Forex BrokersVanuatu
Pepperstone
4.6
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
USD 0
Max. Leverage
1000:1
Total CFDs
1597
Share CFDs
1300
Commodity CFDs
40
Indices
23
Currency Pairs
90
Regulators
regulatorregulatorregulatorregulator
regulatorregulatorregulator
FP Markets
4.6
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
AUD 100
Max. Leverage
30:1
Total CFDs
10162
Share CFDs
10000
Commodity CFDs
11
Indices
17
Currency Pairs
70
Regulators
regulatorregulatorregulatorregulator
regulatorregulator
XTB
4.5
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
USD 0
Max. Leverage
500:1
Total CFDs
8658
Share CFDs
2177
Commodity CFDs
27
Indices
25
Currency Pairs
69
Regulators
regulatorregulatorregulatorregulator
NAGA
4.1
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
USD 10
Max. Leverage
1000:1
Total CFDs
2193
Share CFDs
2000
Commodity CFDs
7
Indices
13
Currency Pairs
49
Regulators
regulatorregulatorregulator
FBS
4.3
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
USD 5
Max. Leverage
3000:1
Total CFDs
573
Share CFDs
474
Commodity CFDs
0
Indices
11
Currency Pairs
72
Regulators
regulatorregulator
XM
4.5
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
USD 5
Max. Leverage
500:1
Total CFDs
1554
Share CFDs
1300
Commodity CFDs
10
Indices
20
Currency Pairs
57
Regulators
regulatorregulatorregulatorregulator
AvaTrade
4.6
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
USD 100
Max. Leverage
400:1
Total CFDs
930
Share CFDs
636
Commodity CFDs
25
Indices
36
Currency Pairs
63
Regulators
regulatorregulatorregulatorregulator
regulatorregulatorregulator
FxPro
4.4
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
USD 100
Max. Leverage
30:1
Total CFDs
2241
Share CFDs
2090
Commodity CFDs
0
Indices
19
Currency Pairs
70
Regulators
regulatorregulatorregulatorregulator
regulator
markets.com
4.7
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
USD 100
Max. Leverage
1000:1
Total CFDs
1009
Share CFDs
765
Commodity CFDs
22
Indices
31
Currency Pairs
56
Regulators
regulatorregulatorregulatorregulator
regulator
Fusion Markets
4.4
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
AUD 0
Max. Leverage
500:1
Total CFDs
247
Share CFDs
110
Commodity CFDs
25
Indices
18
Currency Pairs
81
Regulators
regulatorregulator
Find Your Ideal Forex Broker

Compare Forex Brokers

  • Find the best broker for your trading needs
  • Compare spreads, fees, and platforms
  • Read in-depth reviews and analysis

Pepperstone

Best for: Filipino traders seeking tight spreads, fast execution, and deep liquidity across CFDs

4.61
81.3 of retail CFD accounts lose money with this provider

Min. Spread

0 pips

Regulation

CMA, BaFin, SCB, DFSA, ASIC, FCA, CySEC

Min. Deposit

USD 0

Platforms

Pepperstone Platform, TradingView, cTrader, MT5, MT4

Max Leverage

1000:1

Why Pepperstone Stands Out

  • Institutional-Grade Spreads on CFDs

    Enjoy ultra-low spreads starting from 0.0 pips on major CFDs, including indices and commodities, via a Razor account.

  • Exceptional Trade Execution

    Pepperstone offers sub-30ms execution speeds with no dealing desk, minimising slippage on volatile assets like VIX.

  • cTrader and TradingView Platforms

    Filipino users get advanced order types and modern charting tools ideal for scalping and day trading CFDs.

  • Strong Global Regulation

    Regulated by ASIC, FCA, and DFSA—ensuring safety for Filipino traders even when trading leveraged CFDs.

Why Pepperstone Falls Short

  • Complicated commission structure

    Commissions change depending on your base currency and your trading platforms.

  • Limited Educational Content for CFD Beginners

    While advanced resources are top-tier, complete CFD beginners may need more guided content.

Pepperstone | Best for: Filipino traders seeking tight spreads, fast execution, and deep liquidity across CFDs

Final Verdict: Is Pepperstone right for you?

Trade if:

  • You prioritise execution speed and spreads in your CFD strategy
  • You trade indices, metals, or energies on TradingView, MT4, MT5, or cTrader

Consider Alternatives:

  • You need a native mobile app with built-in CFD tutorials
  • You prefer structured learning paths for CFD education
Visit Broker
Accepts clients from the Philippines pips with 0.0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 1000:1. Islamic account available. MT4, MT5, cTrader and TradingView platforms supported. Pepperstone Group is regulated by the FCA, ASIC, SCB, DFSA and CMA.

FP Markets

Best for: Traders in the Philippines who want deep market access and multi-asset CFD options under tight cost control

4.60
79 of retail CFD accounts lose money with this provider

Min. Spread

0.0 pips

Regulation

CMA, FSA-Seychelles, FSC, FSCA, ASIC, CySEC

Min. Deposit

AUD 100

Platforms

TradingView, cTrader, MT5, MT4

Max Leverage

30:1

Why FP Markets Stands Out

  • Competitive Commission on Raw Accounts

    Only $3 per lot per side for CFD trading, combined with raw spreads—ideal for frequent traders seeking precision.

  • Supports MetaTrader 4, 5, cTrader, and TradingView

    Flexible options for different trading styles, from algorithmic strategies to equities CFDs with tick-level data.

  • Multilingual Support with Regional Payment Gateways

    Offers Filipino traders as  local funding methods such as DragonPay and GCash for easier deposits and withdrawals.

Why FP Markets Falls Short

  • IRESS platform is only available for Australian traders

    Not suitable for beginners looking to start small with CFD equities or advanced tools.

  • Limited CFD Education in Local Context

    CFD tutorials are general and not always relevant to Philippine market conditions or instruments.

FP Markets | Best for: Traders in the Philippines who want deep market access and multi-asset CFD options under tight cost control

Final Verdict: Is FP Markets right for you?

Trade if:

  • You want DMA-style CFD trading with ultra-low commissions
  • You use MetaTrader, cTrader, or the TradingView platforms and value platform diversity

Consider Alternatives:

  • You are a beginner looking to start with under $500
  • You need local CFD education and video guides in Tagalog
Visit Broker
Accepts Filipino Clients. Average spread EUR/USD 0 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5, cTrader, TradingView platforms supported. FP Markets is regulated by the FSC Mauritius, CMA Kenya, FSCA South Africa, FSA Seychelles, CySEC, ASIC and registered with the FSA St Vincent.

XTB

Best for: Beginners and intermediate Filipino traders who want an all-in-one app with integrated CFD education

4.49
78 of retail CFD accounts lose money with this provider

Min. Spread

0.8 pips

Regulation

KNF, FSC, FCA, CySEC

Min. Deposit

USD 0

Platforms

xStation5

Max Leverage

500:1

Why XTB Stands Out

  • xStation 5 Platform with Built-in Learning

    XTB’s proprietary platform includes video tutorials, market sentiment, and live analytics for CFD assets.

  • Commission-Free Trading for CFDs

    No extra fees on many CFD assets such as stocks, indices, and commodities with tight spreads included.

  • Risk Management Tools Embedded

    Guaranteed stop-loss orders and margin alerts are pre-built for better protection, especially for new CFD traders.

  • Localised Webinars & Content

    Content for Southeast Asian markets includes daily webinars and CFD updates tailored to local interests.

Why XTB Falls Short

  • No MetaTrader Support

    XTB only offers its proprietary xStation, which may not suit traders who rely on MT4-based systems.

  • Limited Crypto CFD Leverage

    For regulatory reasons, leverage on crypto CFDs is lower than competitors, limiting short-term strategies.

XTB | Best for: Beginners and intermediate Filipino traders who want an all-in-one app with integrated CFD education

Final Verdict: Is XTB right for you?

Trade if:

  • You want a clean interface with CFD education built in
  • You prefer commission-free trading without account complexity

Consider Alternatives:

  • You require MetaTrader support for CFD robots or EAs
  • You focus on high-leverage crypto CFD strategies
Visit Broker
Accepts Filipino Clients. Average spread EUR/USD 0.70 pips on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. xStation5 platform supported. XTB Group is regulated by CySEC, FCA, the DFSA, and the FSC.

NAGA

Best for: Social traders in the Philippines looking to copy high-performing CFD strategies with transparent stats

4.14
77.41 of retail CFD accounts lose money with this provider

Min. Spread

0.7 pips

Regulation

FRSA, FSA-Seychelles, CySEC

Min. Deposit

USD 10

Platforms

NAGA Web App, MT5, MT4

Max Leverage

1000:1

Why NAGA Stands Out

  • Social Trading Feed with Verified Traders

    NAGA lets users follow and copy top CFD traders with full visibility on their win rate, drawdown, and portfolio.

  • Multimarket CFD Access

    Over 1,000 CFDs available on forex, stocks, indices, crypto, and ETFs with real-time sync between mobile and web.

  • Gamified Leaderboards and Bonuses

    Copy-trade and earn NAGA coins or bonuses based on trade volume and your performance ranking.

  • Intuitive App for Mobile Traders

    The NAGA app features built-in copy buttons and risk indicators, perfect for mobile-first Filipino users.

Why NAGA Falls Short

  • Copy Trading Performance Can Vary

    Success depends on trader selection—poor choices can lead to quick losses without warning.

  • Higher spreads on less popular CFD instruments

    Stocks and exotics can have wider bid/ask gaps versus major FX or indices.

NAGA | Best for: Social traders in the Philippines looking to copy high-performing CFD strategies with transparent stats

Final Verdict: Is NAGA right for you?

Trade if:

  • You want passive exposure to CFD markets via copy trading
  • You prefer an all-in-one social trading app experience

Consider Alternatives:

  • You need full manual trading tools or automation (EAs)
  • You focus on exotic CFDs or very tight spreads
Visit Broker
Accepts clients from the Philippines. Average spread EUR/USD 1.70 pips on trading account with lowest minimum deposit of 10 USD. Max leverage 1000:1. Islamic account available. MT4/MT5 platform supported. NAGA is regulated by CySEC, BaFin, and SVG FSA.

FBS

Best for: New traders in the Philippines seeking CFD exposure with small deposits and multiple bonus options

4.33
69.21 of retail CFD accounts lose money with this provider

Min. Spread

0.7 pips

Regulation

FSC, ASIC

Min. Deposit

USD 5

Platforms

FBS App, MT5, MT4

Max Leverage

3000:1

Why FBS Stands Out

  • CFD Trading on Stocks, Indices, Metals, and Crypto

    FBS offers a wide asset list including US tech stocks and precious metals on MT4 and MT5.

  • Micro and Cent Account Options

    Perfect for learning CFDs with low financial risk—start with just $1 deposit on some accounts.

  • CopyTrade Platform for Beginners

    New traders can copy profitable CFD strategies while learning, especially useful for stocks and indices.

  • Bonus Campaigns Up to $140

    Filipinos can start CFD trading without initial capital via no-deposit bonuses and cashback offers.

Why FBS Falls Short

  • Limited Advanced Charting and Analytics

    FBS lacks advanced indicators or trading tools seen in higher-end CFD brokers.

  • Higher Spreads on Standard Accounts

    Spread-sensitive traders may find cost savings in ECN or Raw accounts elsewhere.

FBS | Best for: New traders in the Philippines seeking CFD exposure with small deposits and multiple bonus options

Final Verdict: Is FBS right for you?

Trade if:

  • You want to try CFD trading with minimum capital and low risk
  • You like bonus incentives to start CFD investing

Consider Alternatives:

  • You need pro-level analysis tools and tight spreads
  • You rely heavily on expert advisors or scalping strategies
Visit Broker
Accepts clients from the Philippines. Average spread EUR/USD 0.70 pips on trading account with lowest minimum deposit. Max leverage 3000:1. Islamic account available. MT4 & MT5 platforms supported. FBS is regulated by CySEC, ASIC, FSCA, and the FSC.
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What is CFD Trading?

CFD trading lets you speculate on rising or falling markets without owning the underlying asset. You trade only on the price difference between the opening and closing price, using leverage to control larger positions with a small deposit. It’s flexible, accessible, and available across thousands of instruments — but the use of leverage also makes it high-risk.

How CFD Trading Works

CFDs (Contracts for Difference) let you trade price movements without owning the underlying asset. When you open a position, you agree with your broker to exchange the difference between the opening and closing price. If the market moves in your favour, you profit; if it moves against you, the difference becomes your loss.

You can trade long (buy) when expecting prices to rise or short (sell) when expecting them to fall. Because CFDs use leverage, you only deposit a fraction of the trade’s total value as margin while your broker provides the rest. This boosts potential returns but also magnifies losses, making disciplined risk management essential.

Benefits of Trading CFDs

CFDs give traders flexible access to global markets, allowing them to react quickly to price movements while trading a wide range of assets through one platform.

Lower Barriers to Entry

Small minimum deposits and low margin requirements make CFD trading accessible even with limited starting capital.

Leverage

Leverage allows you to control larger positions with a small deposit. For example, 20:1 leverage turns 500 USD into 10,000 USD of market exposure. It increases potential profits but also speeds up losses.

Trade Both Rising and Falling Markets

CFDs let you go long or short with a single click, without owning or borrowing the underlying asset.

Broad Market Coverage

One account gives access to Forex, indices, commodities, stocks, ETFs, bonds, and—in some regions—cryptocurrencies.

Flexible Holding Periods

CFDs have no expiry date. You can hold trades for seconds or for months if you meet margin requirements and accept any overnight financing costs.

Hedging Uses

Many traders hedge existing portfolios using CFDs, such as shorting an index to offset potential equity-market downside.

Risks of CFD Trading

CFDs are complex and high-risk instruments. Because they use leverage and react quickly to market movements, it’s essential to understand the risks before trading.

High Market Volatility

CFD prices can move sharply during economic news, geopolitical events, or shifts in sentiment. These rapid swings can cause significant losses — especially on leveraged positions.

Leverage Risk

Leverage amplifies both gains and losses. Even small adverse price movements can deplete your margin, trigger stop-outs, or wipe out an entire account without proper risk controls.

Wider Spreads in Volatile Conditions

During fast or thin markets, brokers may widen spreads, increasing your trading costs and affecting execution quality.

Need for Active Monitoring

CFD markets move around the clock, and unmanaged positions can be hit by overnight volatility or sudden gaps.

Liquidity Risk

Some instruments or time periods offer limited liquidity, which can result in slippage, partial fills, or difficulty closing trades at expected prices.

No Ownership Benefits

CFD traders don’t receive dividends, coupons, or voting rights. Returns come solely from price movement.

Because of these risks, traders should use strict risk management and never trade money they cannot afford to lose.

What You Can Trade with CFDs

CFD brokers provide access to a wide range of global markets from a single platform. Because CFDs mirror the price of the underlying asset, you can trade thousands of instruments without owning them outright.

Forex (Currencies)

Trade major, minor, and exotic pairs such as EUR/USD or GBP/USD. Forex is the world’s most liquid market and operates 24/5, making it ideal for active traders.

Shares (Stocks)

Speculate on price movements of global companies without buying the shares themselves. Share CFDs support both long and short positions and require far less capital than direct stock ownership.

Indices

Index CFDs track baskets of stocks like the S&P 500, FTSE 100, DAX 40, or NASDAQ 100. They offer broad market exposure, tight spreads, and high liquidity in a single trade.

Commodities

Trade popular commodities such as gold, silver, oil, natural gas, and agricultural products. Prices are heavily influenced by supply and demand, macroeconomic conditions, and geopolitical events.

Cryptocurrencies

Some brokers offer crypto CFDs on assets like Bitcoin or Ethereum. These markets are highly volatile, so leverage is typically lower — and availability depends on your jurisdiction.

Bonds and Interest Rates

CFDs make it possible to trade bond price movements or interest-rate expectations without holding the underlying instruments.

ETFs and Other Markets

Many brokers also provide CFDs on ETFs, sector baskets, or volatility indices, allowing for wider diversification from a single account.

The Role of a CFD Broker

A CFD broker provides the necessary infrastructure that enables CFD trading. Because CFDs don’t trade on a central exchange, your broker controls pricing, execution quality, leverage, and the overall safety of your trading environment. This makes choosing a reliable, well-regulated broker critical.

A good CFD broker is responsible for:

  • Platform & execution: Providing the trading platform, real-time pricing, stable execution, and order routing.


  • Market access: Offering a wide range of instruments across forex, indices, commodities, shares, and more.


  • Leverage & margin: Setting leverage limits, margin requirements, and enforcing margin-closeout rules.


  • Trading costs: Determining spreads, commissions, and overnight financing fees, and disclosing them transparently.

  • Risk protections: Segregated client funds, negative balance protection, and regulatory compliance.


  • Tools & resources: Education, market analysis, and customer support to help traders improve their skills.



In short, your broker shapes your trading conditions, your trading costs, and your level of protection — which is why broker choice is one of the most important decisions a CFD trader makes.

How to Choose a CFD Broker

Choosing the right CFD broker has a direct impact on your costs, safety, execution quality, and long-term results. The best brokers combine strong regulation, transparent pricing, robust platforms, and tools that help you manage risk effectively.

When comparing CFD brokers, focus on the following key areas:

1. Regulation and Safety

A trustworthy broker should be licensed by a reputable authority and follow strict rules on client protection. Look for:

  • Regulation by bodies such as the FCA, ASIC, CySEC, MAS, FSCA, or BaFin


  • Segregated client funds


  • Negative balance protection



Clear risk warnings and transparent operational policies

Always verify the broker’s licence on the regulator’s website.

2. Trading Costs and Fees

Your costs directly affect your profitability, especially if you trade frequently. Compare:

  • Spreads: Tighter spreads reduce your entry/exit cost


  • Commissions: Common on share CFDs or raw-spread accounts


  • Overnight financing (swaps): Charged for holding positions overnight


  • Non-trading fees: Inactivity, withdrawal, or currency conversion fees

The best brokers clearly disclose all fees and keep costs competitive.

3. Platforms and Trading Tools

Your platform is your trading workspace, so it must be fast, stable, and intuitive. Look for:

  • Clear charts with multiple timeframes


  • Technical indicators and drawing tools


  • Fast, reliable execution


  • Mobile apps with full functionality


  • Support for MT4, MT5, cTrader, TradingView, or strong proprietary platforms



Choose a platform that matches your experience level and trading style.

4. Range of Markets

A broad product range allows you to diversify and trade opportunities across global markets. The best brokers offer CFDs on:

  • Forex


  • Indices


  • Commodities


  • Shares


  • Bonds


  • ETFs


  • Cryptocurrencies (where permitted)



More instruments mean more choice and flexibility.

5. Leverage Controls and Risk Tools

Good brokers help you manage risk, not increase it. Check:

  • Maximum leverage available per asset class


  • Whether you can manually reduce leverage


  • Availability of stop-loss, take-profit, and trailing stops


  • Whether guaranteed stop-loss orders (GSLOs) are offered


  • Margin-closeout rules and negative balance protection



These features can significantly reduce risk, especially for new traders.

6. Account Types and Minimum Deposits

CFD brokers commonly offer:

  • Standard accounts: Spread-only pricing


  • Raw/ECN accounts: Tight spreads + commission


  • Mini or micro accounts: Smaller positions for beginners


  • Islamic (swap-free) accounts: For traders who require Sharia-compliant options


  • Demo accounts: Essential for testing the platform risk-free



Choose an account type that fits your capital, strategy, and level of experience.

7. Education, Research, and Support

Strong educational resources and responsive support are especially valuable if you’re still learning. Look for:

  • Trading guides, tutorials, and structured courses


  • Webinars or regular market insights


  • Economic calendars and analysis tools


  • Fast, multilingual support through live chat and email



A broker that invests in trader education usually provides a better overall trading environment.

Leverage, Regulation, and Restricted Jurisdictions

Leverage is a defining feature of CFD trading, but it is also the main source of risk. To protect retail traders, major regulators cap the maximum leverage brokers can offer.

Typical leverage limits:

  • 1:30 for major Forex pairs


  • 1:20 for minor pairs, gold, and major indices


  • 1:10 for other commodities and small-cap indices


  • 1:5 for shares and some ETFs


  • 1:2 for cryptocurrencies (banned for retail clients in certain regions)



These caps reduce the chance of large, rapid losses and are usually paired with protections such as negative balance protection and margin close-out rules.

Some jurisdictions restrict or prohibit CFD trading altogether meaning regulated brokers cannot legally offer CFDs to residents in those countries. Where CFDs are permitted, local rules determine the leverage, protections, and products available.

Always verify your broker’s regulatory entity and the rules that apply to your account before trading.

Common CFD Order Types

Understanding order types helps you control how trades open, close, and manage risk. These are the core order types used in CFD trading:

Market Order: Executes immediately at the best available price—useful when speed is more important than exact pricing.

  • Limit Order: Buys or sells at a specified price or better. Ideal for planned entries, though execution isn’t guaranteed.
  • Stop Order: Becomes a market order once price reaches your chosen trigger level. Common for breakout or momentum-based entries.
  • Stop-Loss Order: Automatically closes a losing position at a set price. Essential for limiting downside risk.
  • Take-Profit Order: Closes a trade at a predefined profit level. Helps secure gains without constant monitoring.
  • Trailing Stop: A stop-loss that moves with the market when price moves in your favour, protecting profits while allowing trends to continue.

These order types form the foundation of risk management in CFD trading and should be part of every trading plan.

Popular Platforms for CFD Trading

Your choice of trading platform affects execution speed, charting quality, usability, and access to tools. Most top CFD brokers support one or more of the following:

  • MetaTrader 4 (MT4) – Simple, reliable, and ideal for Forex-focused trading with automated EAs.
  • MetaTrader 5 (MT5) – Faster and more versatile, with extra order types and broader multi-asset support.
  • cTrader – Modern design, fast execution, advanced charts, plus built-in algorithmic and copy trading.
  • TradingView – Excellent charts and social features, often used alongside a broker’s execution system.
  • Proprietary Platforms – Broker-built web or mobile platforms designed for ease of use and integrated account management.

A good platform should be fast, intuitive, and equipped with the tools you need to analyse markets and place trades efficiently.

Costs of CFD Trading

CFD trading involves several costs that can impact long-term profitability. Understanding each one helps you choose a broker with fair and transparent pricing.

  • Spreads – The difference between buy and sell price. Narrower spreads mean lower trading costs.
  • Commissions – Common on share CFDs or raw-spread accounts, charged per trade or per lot.
  • Overnight (Swap) Fees – Applied when positions stay open overnight; can be positive or negative depending on the asset and direction.
  • Market Data or Subscription Fees – Some brokers charge for premium real-time feeds or advanced tools.
  • Non-Trading Fees – May include withdrawal fees, conversion fees, or inactivity charges.

Always review a broker’s full fee schedule and ensure the pricing suits your trading style and frequency.

Final Thoughts

CFDs offer flexible access to global markets and the ability to trade both rising and falling prices, but their use of leverage makes them inherently high risk. Losses can escalate quickly, so successful CFD trading depends on disciplined risk management and realistic expectations.

Choosing a well-regulated broker is critical. Strong oversight, transparent pricing, reliable platforms, and protections like negative balance protection all help create a safer environment. If you decide to trade CFDs, begin with a demo account, learn how leverage and margin work, and move to live trading gradually and cautiously.

"CFDs provide a flexible and cost-effective way to trade a wide range of financial assets."

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Frequently Asked Questions

Answers to some common questions about CFD trading.

How Brokers Are Scored

FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score.

  • Trust Rating: Assessment of broker reliability and reputation
  • Trading Costs: Spreads and fees for clear comparisons
  • Platforms: User-friendliness and features 
  • Asset Selection: Forex, stocks, and other available instruments
  • Deposit and Withdrawal: Simple and free deposits & withdrawals
  • Education: Support for beginners and developing traders
  • Customer Support: Accessibility, responsiveness, and expertise


To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. The radar chart to the left illustrates the weight of each category in our final scoring system.

Why Our Reviews Set the Standard

Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience.

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60-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.

Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack
Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education. With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users. He also co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

Alison Heyerdahl

Head of Content

Alison Heyerdahl
Alison Heyerdahl is the Head of Content at FxScouts and an experienced financial writer with extensive hands-on experience in the Forex trading industry. She specialises in Forex trading, broker analysis, and market research, with a focus on helping traders navigate the complex world of online trading safely and confidently. Alison has tested and reviewed more than 100 Forex brokers, assessing everything from regulatory status and trading conditions to platform features and customer support. Her goal is to provide honest, detailed, and practical insights that traders can rely on when choosing a broker. She’s also produced more than 100 educational videos for the FxScouts YouTube channel, where she explains trading concepts in a clear, accessible way. As the co-host of the “Let’s Talk Forex” podcast, Alison shares expert commentary on broker reliability, trading strategies, and market developments—always with a focus on transparency and trader protection.

Stefan de Clerk

Financial Writer

Stefan de Clerk
Stefan is a financial writer and Forex trading enthusiast with over a decade of experience creating in-depth content on finance and technology. His deep interest in geopolitical events, big data, and market sentiment fuels his passion for analyzing how global factors shape financial markets. With a background in marketing and financial research, Stefan believes that Forex trading offers the best insight into the pulse of the world economy. Committed to delivering well-researched, unbiased, and objective information, he helps traders navigate the markets with clarity and confidence.

                

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