Forex & CFD

Broker

Comparison

Compare simply, smartly and quickly the best forex & CFD brokers of the United Kingdom. We have made an independent comparison on rates, trading platform, investment products and much more! We have clearly presented the results so that you can quickly make the best choice!

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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.

Where should you pay attention to?

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

Top 3 Forex & CFD brokers

In general Plus500, eToro and Markets.com are the best three Forex and CFD brokers. These brokers excel at usability, pricing, 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.

£ 0
minimum deposit

Spread EUR/USD: 3 pips

Customer service
4/5
Education
3/5
Usability
5/5
Trading platform
4/5
£ 0
minimum deposit

Spread EUR/USD*: 0,6 pips

Customer service
4/5
Education
4/5
Usability
5/5
Trading platform
4/5
£ 0
minimum deposit

Spread EUR/USD: 0,5 pips

Customer service
4/5
Education
5/5
Usability
4.5/5
Trading platform
4.5/5

Forex & CFD brokers with the lowest fees

If you are an active investor it is important to look at the level of the spreads and other costs. The amount of the spreads, overnight fee and finace fee determines the costs you have on your investment. The spread is the difference between the so-called bid and ask price of a trading instrument. The bid price gives the value at which you can sell the trading instrument, and the ask price gives the value at which you can buy. The unit of spread is pips. A pip is the fourth decimal point for a currency pair, or 0.0001. Below are the costs of a number of common transactions with different CFD brokers. These are long 20:1 CFD and 30:1 Forex positions held for 1 week (source: brokerchooser.com). All costs have been taken into account when calculating the rates. A green box means that the costs are lower than average. A red box indicates that the costs are higher than average. Both Plus500 and XM have lower rates than average.

£2.000 Apple CFD

£2.000 Europe 50 Index CFD

£20.000 EUR/USD 

£20.000 GBP/USD 

Average

£8.95

£2.50

£17

£15.70

£8.90

£1.30

£17.90

£14

£6.40

£2.50

£24.50

£25

£6.30

£2.70

£19.60

£16.20

£0.90

£1.60

£17.30

£18.20

£3.40

£2.40

£17.10

£13.80

£4.14

£5.40

£6

£7.80

£31.90

£1.60

£16.90

£15.10

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 FinecoBank, 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

Markets.com 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
MetaTrader 5

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
Markets.com
57 pairs
Trade.com
55 pairs
FinecoBank
54 pairs
Plus500
50 pairs

Stocks

IG Markets
10500
Markets.com
2000
Trade.com
2000
Plus500
1900
XM
1200
eToro
1000
FinecoBank
540

Cryptocurrencies

eToro
92
Plus500
14
IG Markets
8
Markets.com
6
XM
5

FinecoBank

Trade.com

Commodities

IG Markets
47
Markets.com
25
Plus500
22
Trade.com
19
XM
15
eToro
13
FinecoBank
10

Indices

IG Markets
68
Markets.com
33
Plus500
30
Trade.com
26
XM
18
Finecobank
16
eToro
13

ETFs

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

FinecoBank

XM

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.

£ 0
minimum deposit

# Active investors

Unknown

Reliability

4/5

Trading platform

4.5/5
  • MetaTrader 4
  • MetaTrader 5
  • Social platform
  • Type of investor

Active

  • Functions

Professional

  • Mobile app

Spreads

Low

Spread EUR/USD*

0.5

Tradable assets

2,200

CFDs in shares

2,000

CFDs in forex

67 pairs

CFDs in cryptos

6

CFDs in commodities

26

CFDs in indices

43

CFDs in ETFs

57

Loss-making investors

75%

Customer service

3.5/5

Education

5/5

Usability

4.5/5

Inactivity fee

£10 PM after 3 months

Bank transfer

Credit card

PayPal

£ 0
minimum deposit

# Active investors

200,000

Reliability

4/5

Trading platform

4/5
  • MetaTrader 4
  • MetaTrader 5
  • Social platform
  • Type of investor

Beginner

  • Functions

Average

  • Mobile app

Spreads

Low

Spread EUR/USD*

0.6

Tradable assets

2,000

CFDs in shares

1,900

CFDs in forex

50 pairs

CFDs in cryptos

14

CFDs in commodities

22

CFDs in indices

30

CFDs in ETFs

95

Loss-making investors

76.4%

Customer service

4/5

Education

4/5

Usability

5/5

Inactivity fee

£10 PM after 3 months

Bank transfer

Credit card

PayPal

£ 0
minimum deposit

# Active investors

400,000

Reliability

4/5

Trading platform

4.5/5
  • MetaTrader 4
  • MetaTrader 5
  • Social platform
  • Type of investor

Allround

  • Functions

Average

  • Mobile app

Spreads

Average

Spread EUR/USD*

3

Tradable assets

1,200

CFDs in shares

1,000

CFDs in forex

57 pairs

CFDs in cryptos

92

CFDs in commodities

13

CFDs in indices

13

CFDs in ETFs

21

Loss-making investors

75%

Customer service

4/5

Education

3/5

Usability

5/5

Inactivity fee

£10 PM after 1 year

Bank transfer

Credit card

PayPal

£ 0
minimum deposit

# Active investors

300,000

Reliability

5/5

Trading platform

4.5/5
  • MetaTrader 4
  • MetaTrader 5
  • Social platform
  • Type of investor

Allround

  • Functions

Average

  • Mobile app
  • Demo account

Spreads

Low

Spread EUR/USD*

0.8

Tradable assets

700

CFDs in shares

540

CFDs in forex

54 pairs

CFDs in cryptos

CFDs in commodities

10

CFDs in indices

16

CFDs in ETFs

?

Loss-making investors

69.7%

Customer service

5/5

Education

4/5

Usability

5/5

Inactivity fee

£0

Bankoverschrijving

Creditcard

PayPal

£ 0
minimum storting

# Active investors

200,000

Reliability

4/5

Trading platform

4/5
  • MetaTrader 4
  • MetaTrader 5
  • Social platform
  • Type of investor

Allround

  • Functions

Average

  • Mobile app

Spreads

Low

Spread EUR/USD*

1.7

Tradable assets

1,300

CFDs in shares

1,200

CFDs in forex

57 pairs

CFDs in cryptos

5

CFDs in commodities

15

CFDs in indices

18

CFDs in ETFs

Loss-making investors

74%

Customer service

4/5

Education

5/5

Usability

4/5

Inactivity fee

£5 PM after 3 months

Bank transfer

Credit card

PayPal

£ 0
minimum storting

# Active investors

100,000

Reliability

4/5

Trading platform

5/5
  • MetaTrader 4
  • MetaTrader 5
  • Social platform
  • Type of investor

Allround

  • Functions

Professional

  • Mobile app

Spreads

Low

Spread EUR/USD*

1 – 3

Tradable assets

2,100

CFDs in shares

2,000

CFDs in forex

55 pairs

CFDs in cryptos

CFDs in commodities

19

CFDs in indices

26

CFDs in ETFs

52

Loss-making investors

75%

Customer service

5/5

Education

5/5

Usability

4/5

Inactivity fee

£25 PM after 3 months

Bank transfer

Credit card

PayPal

£ 0
minimum storting

# Active investors

180,000

Reliability

4/5

Trading platform

5/5
  • MetaTrader 4
  • MetaTrader 5
  • Social platform
  • Type of investor

Allround

  • Functions

Professional

  • Mobile app

Spreads

Low

Spread EUR/USD*

0.6

Tradable assets

12,600

CFDs in shares

10,500

CFDs in forex

95 pairs

CFDs in cryptos

8

CFDs in commodities

47

CFDs in indices

68

CFDs in ETFs

1.900

Loss-making investors

76%

Customer service

5/5

Education

5/5

Usability

4/5

Inactivity fee

£18 PM after 2 years

Bank transfer

Credit card

PayPal

*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.