 trading is experiencing a surge in popularity. If you want to start trading CFDs, the first thing you should do is choose a reliable CFD broker. The volume of services offered and the broker’s reputation are the key criteria when choosing the best CFD broker.){kind=link}
Contracts for difference (CFD) trading is experiencing a surge in popularity. If you want to start trading CFDs, the first thing you should do is choose a reliable CFD broker. The volume of services offered and the broker’s reputation are the key criteria when choosing the best CFD broker.
Benefits of CFD trading:
- No fees (because the trader doesn’t own the underlying asset and has no obligations with respect to it);
- Low trading costs (which makes CFD trading available to all traders);
- Greater leverage in trades, which can significantly increase potential profits;
- CFDs don’t lose their relevance; they will always be present on the market;
- Possibility of hedging (i.e. a trader can open a position that goes against a current open position in order to help reduce the risk of loss);
- A wide range of trading instruments, including bitcoin and other popular cryptocurrencies.
Best CFD brokers in the UK
We present you the list of best CFD brokers, which offer the traders an opportunity to make money on CFDs on commodities, metals, currencies, etc. without having to buy them. After reading the detailed descriptions of CFD brokers, you will be able to choose the one that best suits your needs. Study the traders’ feedback about the selected broker, pass a quick registration and start making money from CFD trading today.
The following platforms are suitable for beginning traders.
eToro
This is a trading platform and a social trading network, where you can copy the trades of the most successful traders (it is called copy trading). Users have an opportunity to trade contracts for difference (CFD): stocks, commodities, indices, ETFs, currency pairs and cryptocurrencies. eToro is one of the world’s largest social trading networks, which is why it has a reputation as a reliable CFD broker.
On eToro, you can either copy the top-performing traders or become a trader and gain a following yourself.
FxPro
This is an international broker that has been providing a wide range of trading services in the Forex market since 2006. With FxPro, you can trade CFD on stocks, spot energies, metals, and indices. The company currently has two central offices (in Cyprus and the UK), which serve both retail and institutional clients of the Forex market.
AvaTrade
Even though AvaTrade still lags behind many brokers in terms of asset variety, it is constantly expanding its range of markets and number of trading tools and licenses. The broker offers a broad array of features and options to the traders. The range of trading instruments in different markets includes CFD, options, and cryptocurrencies, as well as a number of major and minor forex currency pairs.
There are many other reliable CFD Brokers UK, including:
- Admiral Markets UK
- IG
- Pepperstone
- Tickmill
- Forex.com
- FXCM
- City Index
Best CFD brokers always provide the best available software. Charts and technical analysis software are important tools for successful trading. Other services provided by the broker are aimed at improving the investor’s trading skills. Keeping track of the economic calendars and important news can also help you with that. In order to trade international securities, traders must be fully informed of the current events. All these factors should be considered when choosing the best CFD broker.