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Investing for the short term

CFDs and forex are ideal for investing in the short term, because you can speculate on both a rising and falling share price. The big advantage of investing in CFD's and forex is that you can apply leverage. However there are also big risks involved. Because you invest in a relatively large capital, you can lose your investment in a short period of time, but you can also gain a lot of money. Read here what forex and CFDs are and how to trade with it.

What should you pay attention to?

When comparing CFD and forex brokers it is especially important to look at:

  • Reliability
  • Spreads
  • Minimum deposit
  • Trading platform
  • Education
  • Customer service

Top 3 best Forex & CFD brokers

In general these 3 brokers are the best Forex and CFD brokers. These brokers excel at usability, reliability, education and customer support. Not surpising that most people are using one of the following brokers. But traders differ and have their own preferences, and therefore all brokers are compared on several important points below.

etorovergelijker

£200Minimum deposit
  •     Social trading platform
        Copy professionals
        No MetaTrader platform
        High cryptocurrency spreads
  •      Customer service     
        Education                  
         Usability                     
         Trading platform      

plus500logof

£100Minimum deposit
  •     Very user-friendly
        Competitive spreads
        No MetaTrader platform
        Fewer analysis tools
  •      Customer service     
        Education                  
         Usability                    
         Trading platform     

marketsxlogo

£100Minimum deposit
  •     Excellent trading platform
        Low spreads
        Traders Trends
        High trading fees
  •      Customer service    
        Education                 
         Usability                    
         Trading platform     

Forex & CFD brokers with the lowest EUR/USD spread

If you are an active investor, it is important to look at the level of the spreads. The amount of the spreads determines the costs that you have on your investment. The spread is the difference between the so-called bid and asking price of a trading instrument. The bid price indicates the value at which you can sell the trading instrument, and the asking price indicates the value at which you can buy. The unit of spread is pips. A pip is the fourth digit after the comma for a currency pair, or 0.0001. The EUR/USD spread is a representative measure of the level of the spreads at a broker. The following spreads are dated 01-01-2020.

0
pips
0
pips
0
pips
0
pips
0
pips
0
pips
0
pips

Forex & CFD brokers with the best trading platform

If you are an experienced investor, you would like an investment platform with sufficient opportunities for technical analysis
(what did the company’s price in the past). You also want to be provided with the necessary fundamental analyzes (the value of the company itself). All brokers have their own web trader, sometimes with the option of using the universal MetaTrader 4 or even MetaTrader 5. You must first download the platform and it is known for its many functionalities. In addition to technical analysis, you can use analyst advice and automatic scripts to automate transactions. Every broker excels in different areas. Plus500 has a very user-friendly platform and eToro is the only social trading platform.

Social trading platform

eToro is the only one that is not only a CFD broker, but also the largest social trading network in the world. Here you make contact with other successful investors who give advice and you can copy experienced investors (CopyTrading). You can also invest in CopyPortfolios with a predetermined strategy and investment size. eToro then manages your investment, which is done with various investment products such as CFDs and stocks, so that the risks are limited as much as possible.

User-friendly trading platform

If you are a novice investor or do not need advanced analysis options, then Plus500 or eToro is the right broker for you. Plus500 offers the most user-friendly platform that is very well-arranged. They have an intuitive and beautifully designed website and mobile app. The eToro platform is also easy to use and has a variety of options, such as copying experienced investors.

Advanced trading platform

ITRADER and IG Markets are known for their advanced web trader. Their own designed platforms offer all the necessary functions for the experienced investor. The following brokers offer the possibility to use MetaTrader 4 or even the new MetaTrader 5.

MetaTrader 4

  • ITRADER
  • XM
  • IG Markets
  • MARKETSX
  • Trade.com

MetaTrader 5

  • XM
  • MARKETSX

Forex & CFD brokers with the largest amount of trading instruments

There is quite a difference in the range of investment products at different brokers. All brokers offer CFDs in stocks, forex, commodities and indices. However, some do not offer CFDs in ETFs or crypto currencies. In addition, there are large volume differences in the range of investment instruments offered by brokers.

Forex

IG Markets
95 pairs
XM
57 pairs
eToro
57 pairs
MARKETSX
57 pairs
Trade.com
55 pairs
ITRADER
51 pairs
Plus500
50 pairs

Stocks

IG Markets
10500
MARKETSX
2000
Trade.com
2000
Plus500
1900
XM
1200
eToro
1000
ITRADER
161

Cryptocurrencies

eToro
92
ITRADER
33
Plus500
14
IG Markets
8
MARKETSX
6
XM
5

Trade.com

Commodities

IG Markets
47
MARKETSX
25
Plus500
22
Trade.com
19
ITRADER
17
XM
15
eToro
13

Indices

IG Markets
68
MARKETSX
33
Plus500
30
Trade.com
26
ITRADER
20
XM
18
eToro
13

ETFs

IG Markets
1900
Plus500
95
MARKETSX
54
Trade.com
52
eToro
21

XM

ITRADER

Comparison tables

Compare the best brokers quickly and easily using the static comparison tables below. The brokers have been compared on the most important points such as reliability, trading platform, trading instruments, rates, customer service, payment options etc. At the top the weaknesses and strengths of all brokers can be seen at a glance.

Enable desktop mode for a better visibility of the comparison tables.

emptyvergelijker

  •    Pros and cons
  •    Active investors
  •    Reliability
  •    Trading platform
  •          MetaTrader 4
  •          MetaTrader 5
  •          Social platform
  •          Suitable for:
  •          Functions
  •    Demo account
  •    Mobile app
  •    Spreads
  •    Spread EUR/USD*
  •    Tradable assets
  •    CFDs in stocks
  •    CFDs in forex
  •    CFDs in cryptocurrencies
  •    CFDs in commodities
  •    CFDs in indices
  •    CFDs in ETFs
  •    Loss-making investors
  •    Customer service
  •    Education
  •    Usability
  •    Inactivity fee
  •     Bank transfer
  •     Credit card
  •     Skrill
  •     PayPal

etorovergelijker

£200Minimum deposit
  •     Social trading platform
        Copy professionals
        No MetaTrader platform
        High spreads on crypto
  • 400,000
  • Allround investor
  • Average
  • Average
  • 3
  • 1,200
  • 1,000
  • 47 pairs
  • 92
  • 13
  • 13
  • 21
  • 75%
  • £10 PM after 1 year

plus500logof

£100Minimum deposit
  •     Very user-friendly
        Competitive spreads
        No MetaTrader platform
        Fewer analysis tools
  • 110,000
  • Experienced investor
  • Average
  • Low
  • 0.6
  • 2,000
  • 1,900
  • 50 pairs
  • 14
  • 22
  • 30
  • 95
  • 76.4%
  • £10 PM after 3 months

marketsxlogo

£250Minimum deposit
  •     Excellent platform
        Low spreads
        Traders Trends
        High trading fee
  • Unknown
  • Active investor
  • Professional
  • Low
  • 0.5
  • 2,200
  • 2,000
  • 57 pairs
  • 6
  • 25
  • 33
  • 54
  • 81%
  • £10 PM after 3 months

trade.comlogo

£100Minimum deposit
  •     Variable spreads
        Good education
        Higher spreads in MT4
        Inactivity fee
  • 100,000
  • Allround/experienced investor
  • Professional
  • Low at large volume
  • 3
  • 2,100
  • 2,000
  • 55 pairs
  • 19
  • 26
  • 74%
  • £25 PM after 3 months

emptyvergelijker

  •    Pros and cons
  •    Active investors
  •    Reliability
  •    Trading platform
  •          MetaTrader 4
  •          MetaTrader 5
  •          Social platform
  •          Suitable for:
  •          Functions
  •    Demo account
  •    Mobile app
  •    Spreads
  •    Spread EUR/USD*
  •    Tradable assets
  •    CFDs in stocks
  •    CFDs in forex
  •    CFDs in cryptocurrencies
  •    CFDs in commodities
  •    CFDs in indices
  •    CFDs in ETFs
  •    Loss-making investors
  •    Customer service
  •    Education
  •    Usability
  •    Inactivity fee
  •     Bank transfer
  •     Credit card
  •     Skrill
  •     PayPal

iglogo

£450Minimum deposit
  •     Professional platform
        Daily analyses
        Customer service
        High minimum deposit
  • 178,000
  • Allround/experienced investor
  • Professional
  • Average
  • 0.6
  • 12,600
  • 10,500
  • 95 pairs
  • 8
  • 47
  • 68
  • 1,900
  • 68%
  • £18 PM after 2 years

itradervergelijker

£250Minimum deposit
  •     Good education
        Advanced platforms
        MetaTrader 4
        High beginners spreads
  • 10,000
  • Allround/experienced investor
  • Professional
  • High for beginners
  • 2.2
  • 280
  • 161
  • 51 pairs
  • 33
  • 17
  • 20
  • 82%
  • £80 PM after 2 months

xmvergelijker

£5Minimum deposit
  •     Low spreads
        Good educatie
        Trading instruments
        No price alerts
  • 200,000
  • Allround investor
  • Average
  • Low
  • 1.7
  • 1,300
  • 1,200
  • 57 pairs
  • 5
  • 15
  • 18
  • 70%
  • £5 PM after 3 months

plus500logof

£100Minimum deposit
  •     Very user-friendly
        Competitive spreads
        No MetaTrader platform
        Fewer analysis tools
  • 110,000
  • Experienced investor
  • Average
  • Low
  • 0.6
  • 2,000
  • 1,900
  • 50 pairs
  • 14
  • 22
  • 30
  • 95
  • 76.4%
  • £10 PM after 3 months

*This was the spread on 1/1/2020

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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.