Contracts for difference (CFDs) are a popular financial product in the UK.
CFDs offer low-cost access to thousands of markets – such as stocks, currencies, gold, and oil – without needing to own the underlying asset. Plus, CFDs offer leverage in addition to short-selling capabilities.
In this comparison guide, we discuss the most popular CFD brokers in the UK and cover everything traders need to know about regulation, fees, payments, supported markets, trading tools, and more.
The Most Popular CFD Brokers UK in 2022
The 11 most popular CFD brokers in the UK can be found in the list below:
Capital.com – Highly Popular CFD Broker in the UK With Thousands of Markets
eToro – FCA-Regulated Broker With Passive Trading Tools
XTB – Popular CFD Broker for Low Spreads
Axi – Award-Winning CFD Broker Offering Copy Trading
AvaTrade – Trade CFDs Without Paying Any Commission
Pepperstone – Access Institutional-Grade Spreads
IG – More Than 18,000 CFDs Supported by This Established Broker
Skilling – User-Friendly App for Mobile Traders
Plus500 – Popular CFD Platform for Trading International Stocks
XM – CFD Broker that Enables Small Stakes
CMC Markets – Thousands of Markets at Competitive Fees
When compiling our list of CFD brokers in the UK, we found that no two platforms are the same. Therefore, scroll down to read our reviews before choosing a provider.
80.61% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.
UK CFD Brokers Reviewed
Selecting a CFD broker in the UK requires traders to explore the regulatory status of the provider, in addition to metrics surrounding supported markets, fees, spreads, and more.
Below, we offer in-depth reviews of the most popular CFD trading platforms in the UK.
1. Capital.com – Highly Popular CFD Broker in the UK with Thousands of Markets
Capital.com review Capital.com is one of the most popular CFD trading platforms in the UK for 2022. In terms of safety, the platform is regulated by the FCA, in addition to ASIC, NBRB, and CySEC. UK residents making a first-time deposit with a debit/credit card or e-wallet can get started with just £20.
Bank transfer deposits are supported too but require a minimum deposit of £250. After going through the 5-minute account setup process, it’s then just a case of searching for an asset to trade. At Capital.com, UK residents have access to more than 5,400 stock CFDs from multiple exchanges. This includes markets in the UK, Europe, US, Asia, and more.
Capital.com also offers access to 138 forex pairs, in addition to precious metals, oil, natural gas, indices, ETFs, and more. As a result, UK traders will have access to many markets, allowing diversification through a single CFD platform. As a regulated platform, Capital.com offers leverage to UK traders within the scope of FCA limits.
This means that major forex pairs can be traded at 1:30, gold at 1:20, and stocks at 1:5. Other supported CFD assets come with their own leverage limits. Capital.com supports buy and sell orders, so both long and short positions can be entered. Moreover, Capital.com also supports spread betting markets, which offers UK residents a tax-free alternative to CFDs.
When it comes to fees, there are no charges to open a Capital.com account or make a deposit. This platform does not charge any trading commissions either and spreads start at 0.6 pips on EUR/USD. Other competitively-priced spreads on Capital.com include the FTSE 100 at 0.9 points, crude oil at 0.03 pips, and the Dow Jones at 2 points.
UK traders will also have access to analysis and research tools. This includes market insights on core assets, economic calendars, webinars, and data journalism. Capital.com, through its native web trading platform and mobile app, also offers customizable charts and technical indicators. Capital.com’s mobile also happens to be one of the best stock trading apps UK according to users.
Experienced CFD traders can also access their Capital.com account through MT4. On the other hand, complete beginners may appreciate the ‘Learn to Trade’ section of Capital.com, which offers everything from trading guides and videos to courses. Finally, Capital.com offers a free demo account to new UK clients wishing to test the platform out before making a deposit.
CFD assets Stocks, ETFs, forex, commodities, indices
Number of CFD contracts 6,000+
Pricing system 0% commission on all markets
Deposit fee None
EUR/USD spread 0.6 pips spread
Cost of trading Amazon stock $0.33 spread
Trading Platforms Native web trader, mobile app, MT4, TradingView
Min Deposit £20
0% commission on all supported markets
Trade thousands of stocks, ETFs, commodities, forex, and more
Minimum deposit just £20
Regulated by the FCA, ASIC, CySEC, NBRB
Tax-free spread betting markets supported
No proprietary copy trading features
Your capital is at risk. 80.61% of retail investor accounts lose money when trading CFDs with this provider.
2. eToro – FCA-Regulated Broker With Passive Trading Tools
With more than 25 million clients on its books, eToro is one of the most popular trading platforms globally. In the UK market, traders are covered by the FCA, albeit, regulation also comes from licensing bodies in the US, Cyprus, and Australia. Moreover, when buying real stocks and ETFs here, clients are covered by the FSCS.
eToro caters to casual traders that wish to start off with small sums of money. For instance, UK residents can open an account in just minutes by making a first-time deposit of $10 – or about £8. Moreover, there are no ongoing account fees and GBP deposits attract a small charge of 0.5%.
After setting up the account, UK residents will then have access to thousands of stocks from the UK, US, Europe, Asia, and more. When buying a stock on the eToro platform without leverage, this will represent real ownership of the underlying shares. This is also the case with ETFs. No commissions are charged on stock and ETF trading and the minimum stake is just $10.
eToro reviews
Furthermore, those electing to buy shares listed on the London Stock Exchange will not be required to pay the 0.5% stamp duty fee, as this is waivered by eToro. However, when short-selling a stock or ETF, or applying leverage, this will convert the positions into a CFD instrument. eToro also supports CFD markets across commodities, forex, and indices.
eToro also enables traders to buy cryptocurrency in the UK. This will represent real ownership, as crypto CFDs are no longer accessible for UK retail investors. When electing to buy Bitcoin and other cryptocurrencies on eToro, a fee of 1% will be applied to the position.
Fees on other CFD instruments, such as forex or commodities, are charged on a spread-only basis. For instance, when trading EUR/USD here, the spread starts at just 1 pip. eToro is also popular in the UK with investors that wish to trade passively. Its native Copy Trading tool, for instance, offers the capacity to mirror the investments of a successful eToro trader.
etoro review
For example, if the trader enters a long position on gold and silver, the same investment will be copied over to the eToro user’s portfolio. Another way to trade passively at eToro is through its Smart Portfolio tool. This consists of dozens of pre-built stock and crypto portfolios that are tasked with tracking a specific market.
Smart Portfolios are professionally managed by the eToro team. Beginners will also appreciate the eToro Academy, which offers lots of educational videos and trading guides. There is also a free demo account on eToro, which comes without any time limitations. The eToro app is also free to download and is compatible with iOS and Android devices.
Our full eToro UK review can be found here.
CFD assets Stocks, ETFs, forex, commodities, indices
Number of CFD contracts 3,000+
Pricing system 0% commission on real stocks and ETFs. 1% on real crypto. Spread-only on CFD markets.
Deposit fee 0.5% on GBP payments
EUR/USD spread 1 pip
Cost of trading Amazon stock $0.15 spread
Trading Platforms Proprietary eToro platform for web browsers and mobile devices
Min Deposit $10 (about £8)
Offers real and CFD assets
The minimum deposit starts at just $10 – or about £8
Low fees and 0% commission on real stocks and ETFs
Copy trading supported for forex, stocks, crypto, and more
Regulated by the FCA, ASIC, SEC, and CySEC
Real stocks and ETFs covered by the FSCS
Visit eToro
78% of retail investor accounts lose money when trading CFDs with this provider.
3. XTB – Popular CFD Broker for Low Spreads
XTB offers exclusively CFD instruments. Across more than 2,100 markets, this CFD broker offers access to a wide range of commodities, stocks, ETFs, and indices. XTB is often regarded as one of the most popular forex brokers in the UK among traders that seek access to low fees.
The reason for this is that XTB offers 0% commission not only on forex but on all supported markets. In terms of spreads, Amazon stock can be traded from $0.50 per slide, and EUR/USD starts at 0.1 pip. XTB offers UK traders leverage on all markets, in line with FCA limits.
xtb review
This means a maximum of 1:30 on major currency pairs and less on other assets. XTB offers its own native trading platform – xStation, which is available online or via a mobile app. xStation also comes in the form of downloadable desktop software. Other notable features offered by XTB include a demo account, educational tools, and market analysis.
CFD assets Stocks, ETFs, forex, commodities, indices
Number of CFD contracts 2,100+
Pricing system 0% commission on all markets
Deposit fee $0 on debit/credit cards, 2% on Skrill
EUR/USD spread From 0.1 pip
Cost of trading Amazon stock $0.5 spread
Trading Platforms xStation for mobile, desktop, and web browsers
Min Deposit No minimum deposit requirement
Pros
0% commission on all markets
Spreads start from 0.1 pips
Top UK CFD trading app
Visit XTB
81% of retail investor accounts lose money when trading CFDs with this provider.
4. Axi – Award-Winning CFD Broker Offering Copy Trading
Axi has proven that it’s an in-demand broker by offering services to traders in more than 100 countries. Traders can use Axi for forex, commodities, precious metals, indices and share CFDs. More than 60,000 traders take advantage of $0 commission and 30:1 leverage trading on Axi.
Forex traders can access more than 70 currency pairs, and stock traders can choose more than 50 shares across the UK, US and European markets. Besides offering low spreads, Axi enables traders to choose accounts best suited to their trading goals. Traders can choose between standard, pro and elite accounts. Standard accounts don’t incur commissions unlike the other two accounts — offer spreads from 0.0 pips. An elite account offers 400:1 leverage but requires a minimum deposit of $25,000.
Axi provides a platform convenient for beginner traders to use and for pro traders to incorporate advanced tools. Traders can enhance their trading strategies by incorporating PsyQuation and AutoChartist. Psyquation reduces trading mistakes by providing performance analytics, and AutoChartist scans the market and alerts traders of specific trade set ups.
Another way for traders to benefit is by copying the trades of professionals. The CopyTrading feature is free and enables beginners to mimic the trades or professionals by copying their trades. Axi’s top 50 traders have achieved more than 263% returns.
CFD assets Stocks, precious metals, forex, commodities, indices
Number of CFD contracts 50+ CFD instruments
Pricing system 0% commission
Deposit fee $0 on standard and pro accounts, $25,000 elite account
EUR/USD spread From 1 pip
Cost of trading Amazon stock N/A
Trading Platforms MT4 PC, Mac, iOS and Android, MT4 Webtrader
Min Deposit No minimum deposit requirement
0% commission on all markets
Advanced tools and CopyTrading
Free educational content
Some top investors charge subscriptions for CopyTrading
Visit Axi
81.6% of retail investor accounts lose money when trading CFDs with this provider.
5. AvaTrade – Trade CFDs Without Paying Any Commission
AvaTrade logoThe next provider on our list of CFD brokers in the UK is AvaTrade. This popular platform supports a wide selection of CFDs, in addition to spread betting markets. The latter will appeal to UK traders that wish to speculate on the financial markets without paying tax on their capital gains.
Getting started with AvaTrade requires a minimum first-time deposit of £100 and UK traders can opt for a debit/credit card, e-wallet, and bank transfer. Many traders consider AvaTrade to be a low-cost CFD broker, not least because all supported markets can be traded at 0% commission alongside competitive spreads.
avatrade review
EUR/USD and Amazon stock, for instance, can be traded at a spread of 0.9 pips and 0.14%, respectively. AvaTrade supports multiple platforms across web, mobile, and desktop trading. In addition to its own native platform, this includes MT4 and MT5. Passive traders also have the option to use AvaTrade with DupliTrade or ZuluTrade.
CFD assets Stocks, ETFs, forex, commodities, indices, bonds, options
Number of CFD contracts 1,000+
Pricing system 0% commission on all markets
Deposit fee None
EUR/USD spread From 0.9 pips
Cost of trading Amazon stock 0.14% spread
Trading Platforms WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, DupliTrade, ZuluTrade
Min Deposit £100
Trade CFDs and spread betting markets at 0% commission
High-level trading tools for seasoned traders
£100 minimum deposit
Does not offer access to real crypto assets
Visit AvaTrade
71% of retail investor accounts lose money when trading CFDs with this provider.
6. Pepperstone – Access Institutional-Grade Spreads
Pepperstone is a CFD broker that offers trading tools and features for a wide variety of traders. Many casual traders say they appreciate the standard account, with offers access to CFDs at 0% commission and a minimum spread of 0.6 pips.
Seasoned traders that wish to invest larger amounts can try the Pepperstone Razor account. While this account type attracts a commission of $3.50 (about £3) for every lot traded, it offers access to institutional-grade spreads. This means that major markets like EUR/USD can often be traded at a spread of 0.0 pips.
Pepperstone review
Both account types come without a minimum deposit requirement and funding can be initiated with a debit/credit card or bank transfer. Pepperstone supports multiple stock exchanges, in addition to forex, indices, precious metals, and energies. Although there is no native trading platform offered by Pepperstone, there is support for MT4, MT5, and cTrader.
CFD assets Stocks, ETFs, forex, commodities, indices
Number of CFD contracts 1,200+
Pricing system $3.50 (about £3) commission per lot on razor account, 0% commission on standard account
Deposit fee None
EUR/USD spread From 0.0 pips on razor account, 0.6 pips on standard account
Cost of trading Amazon stock $0.02 per share
Trading Platforms MT4, MT5, cTrader, TradingView
Min Deposit No minimum deposit requirement
Razor account offers spreads from 0.0 pips
Standard account offers 0% commission trading
1,200+CFD markets
Does not have its own native trading platform
Visit Pepperstone
74% of retail investor accounts lose money when trading CFDs with this provider.
7. IG – More Than 18,000 CFDs Supported by This Established Broker
IG
IG is a UK-based brokerage that offers a wide spectrum of trading markets. This is inclusive of more than 18,000 financial instruments across both CFDs and spread betting. Furthermore, IG also offers real ownership of stocks and funds, with trading fees amounting to £3 or £8 per position.
This will depend on how many trades are placed within a 30-day period. All CFD markets, apart from stocks, can be traded on a 0% commission basis. This includes everything from forex and indices to precious metals and energies. Stock CFDs, on the other hand, will attract a variable commission – which is dependent on the market.
ig review
For example, UK and European stocks can be traded at a commission of 0.10%. US stocks will cost $0.02 per share traded. IG offers leverage to all UK retail clients in line with FCA limits.
Note that deposits on IG can be expensive. The minimum deposit £250 and Visa and MasterCard payments attract a fee of 1% and 0.5%, respectively.
CFD assets Stocks, ETFs, forex, commodities, indices, options, futures, bonds, interest rates
Number of CFD contracts 18,000+
Pricing system 0% commission on all CFD markets other than stocks
Deposit fee 1% on Visa, 0.5% on MasterCard
EUR/USD spread From 0.6 pips
Cost of trading Amazon stock $0.02 per share
Trading Platforms Native platform for web and mobile trading, MT4
Min Deposit £250
0% commission on all non-stock CFD markets
Great reputation in the UK brokerage scene
18,000+CFD and spread betting markets
Stock CFDs attract a commission
1% and 0.5% fee on Visa and MasterCard payments, respectively
8. Skilling – User-Friendly App for Mobile Traders
skilling review Skilling offers one of the most popular day trading platforms in the UK for those that wish to buy and sell assets via a user-friendly app. Its proprietary app for iOS and Android offers full account functionality, meaning that the same features and tools as found on the main desktop platform.
For example, traders can perform technical analysis on the Skilling app, in addition to entering positions. The app is also known for its fast execution speeds and fully customizable charting screens. Both the Skilling app and main web trading platforms offer access to 900 financial markets.
skilling review
This includes forex, stocks, indices, and commodities. The standard account offers 0% commission access to CFDs at spreads that start from 0.7 pips. The minimum deposit at Skilling is £100 and the platform supports debit/credit cards, Paypal, Skrill, and more.
CFD assets Stocks, forex, commodities, indices
Number of CFD contracts 900+
Pricing system 0% on standard accounts
Deposit fee Debit/credit cards are free, e-wallets range from 0-2.9%
EUR/USD spread From 0.7 pips
Cost of trading Amazon stock $0.53 spread
Trading Platforms Native platform for web and mobile trading, MT4, cTrader
Min Deposit £100
Some accounts offer 0% commissions
Top-rated mobile app for iOS and Android
Leverage offered to UK retail clients
Smaller asset library than some other CFD brokers
9. Plus500 – Popular CFD Platform for Trading International Stocks
Plus500 review
Plus500 is a UK-based CFD trading platform that is regulated by multiple bodies, including the FCA. This platform requires a minimum first-time deposit of £100 and no transaction fees are charged. Plus500 can be a suitable platform for UK traders who wish to trade international stocks.
Across thousands of foreign stocks, this includes markets based in the US, Ireland, South Africa, Japan, Australia, Germany, France, and many others. With that said, Plus500 also supports UK equities across the London Stock Exchange and the AIM. Plus500 does not charge trading commissions.
Plus500 review
In addition to stocks, Plus500 supports forex, commodities, ETFs, indices, and more. Plus500 offers its own native trading platform that can be accessed via web browsers or an app for Android and iOS.
CFD assets Stocks, ETFs, forex, commodities, indices, options
Number of CFD contracts 2,800
Pricing system 0% on all markets
Deposit fee None
EUR/USD spread From 0.8 pips
Cost of trading Amazon stock 0.74% spread
Trading Platforms Native platform for web and mobile trading
Min Deposit £100
FCA-regulated broker
Huge list of international stock CFDs
No deposit fees
No support for MT4 or MT5
10. XM – CFD Broker that Enables Small Stakes
XM review Another provider on our list of UK CFD brokers is XM. This platform supports more than 1,000 CFD instruments across forex, stocks, indices, and commodities. The minimum first-time deposit across all account types is just $5 – or about £4.
Both the micro and standard accounts at XM offer a 0% commission trading experience, with spreads starting at 1 pip. The XM zero account, however, offers spreads from 0 pips alongside a standard commission. Islamic accounts are offered by XM too, which means no overnight financing fees on CFD swaps.
XM review
After opening an account, XM users can access their trading dashboard via MT4 or MT5. XM also supports a trading app for iOS and Android smartphones.
CFD assets Stocks, ETFs, forex, commodities, indices
Number of CFD contracts 1,000+
Pricing system Standard account offers 0% commission
Deposit fee None
EUR/USD spread 1 pip on standard account
Cost of trading Amazon stock 5.85 pips
Trading Platforms MT4, MT5, proprietary app for iOS and Android
Min Deposit $5 (about £4)
Minimum deposit of just $5 – or about £4
Multiple account types to choose from
Supports MT4 and MT5
No proprietary web trading platform
11. CMC Markets – Low-Cost CFD Broker With 12,000+ Markets
cmc markets review
CMC Markets is the final provider that we will discuss on this list of popular CFD brokers in the UK. This platform offers a huge range of markets across thousands of financial instruments – all represented by CFDs. This means that UK traders can access leverage and short-selling positions with ease.
Asset classes include stocks, ETFs, forex, commodities, and indices. When it comes to fees, stocks and ETFs attract a commission here, while other CFD markets do not. Spreads are competitive across most instruments, with EUR/USD available to trade at 0.7 pips per slide.
cmc markets review
There is no minimum deposit requirement at CMC Markets and in most cases, UK residents can open an account in under five minutes. Customer support at CMC Markets is highly rated and the broker is regulated by the FCA.
CFD assets Stocks, ETFs, forex, commodities, crypto, indices, treasuries,
Number of CFD contracts 12,000+
Pricing system 0% on all markets apart from stocks and ETFs
Deposit fee None
EUR/USD spread From 0.7 pips
Cost of trading Amazon stock $0.02 per share
Trading Platforms Native NGEN platform for web and mobile trading, MT4
Min Deposit No minimum deposit requirement
Thousands of CFD markets supported
No minimum deposit to open an account
Top-rated customer support
Stocks and ETFs are not commission-free
Popular CFD Trading Platforms UK Compared
Selecting the right CFD broker online in the UK is no easy feat considering the many metrics at hand. As such, below we offer a comparison table that outlines key statistics concerning the CFD brokers reviewed in the sections above.
CFD Brokers in the UK CFD Assets Total CFDs Pricing System Deposit Fee EUR/USD Spread (From) Cost to Trade Amazon Stock Min. Deposit (From) Trading Platforms
Capital.com Stocks, ETFs, forex, commodities, indices 6,000+ 0% commission on all markets None 0.6 pips $0.33 spread £20 Native web trader, mobile app, MT4, TradingView
eToro Stocks, ETFs, forex, commodities, indices 3,000+ 0% commission on stocks and ETFs. 1% on crypto. Spread-only on CFD markets. 0.50% 1 pip $0.15 spread $10 (about £8) Proprietary eToro platform for web browsers and mobile devices
XTB Stocks, ETFs, forex, commodities, indices 2,100+ 0% commission on all markets $0 on debit/credit cards, 2% on Skrill 0.1 pip $0.50 spread £0 xStation for web, mobile, tablets, and desktop software
Avatrade Stocks, ETFs, forex, commodities, indices, bonds, options 1,000+ 0% commission on all markets None 0.9 pips 0.14% spread £100
WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, DupliTrade, ZuluTrade
Pepperstone Stocks, ETFs, forex, commodities, indices 1,200+ $3.50 commission per lot on razor account, 0% commission on standard account None From 0.0 pips on razor account, 0.6 pips on standard account $0.02 per share £0 MT4, MT5, cTrader, TradingView
IG Stocks, ETFs, forex, commodities, indices, options, futures, bonds, interest rates 18,000 0% commission on all CFD markets other than stocks 1% on Visa, 0.5% on MasterCard 0.6 pips $0.02 per share £250 Native platform for web and mobile trading, MT4
Skilling Stocks, forex, commodities, crypto, indices 900+ 0% on standard accounts Debit/credit cards are free, e-wallets range from 0-2.9% 0.7 pips $0.53 spread €100 Native platform for web and mobile trading, MT4, cTrader
Plus500 Stocks, ETFs, forex, commodities, indices, options 2,800+ 0% commission on all markets None 0.8 pips 0.74% spread €100 Native platform for web and mobile trading
XM Stocks, ETFs, forex, commodities, indices, options 1,000+ Standard account offers 0% commission None 1 pip on standard account 5.85 pip spread $5 (about £4) MT4, MT5, proprietary app for iOS and Android
CMC Markets Stocks, ETFs, forex, commodities, indices, treasuries, 12,000+ 0% on all markets apart from stocks and ETFs None 0.7 pips $0.02 per share £0 Native NGEN platform for web and mobile trading, MT4
How We Find UK CFD Brokers
Traders are advised to conduct their own independent research when comparing CFD brokers in the UK.
Therefore, in the sections below, we explain the core factors and metrics to look for during the research process.
Regulation
One priority when choosing the most popular CFD broker in the UK is regulation and safety.
As such, the first step is to ensure that the provider is regulated by the FCA. Some CFD platforms – including Capital.com and eToro, are also regulated by other tier-one bodies, such as ASIC and CySEC.
Supported CFD Instruments
Popular CFD brokers in the UK offer access to several thousand markets across multiple asset classes. For example, traders can place trades on UK and international stocks, ETFs, forex, commodities, and indices.
Note: Those wondering how to invest cryptocurrency in the UK will not be able to do so via CFDs, as per the FCA. Of the brokers we discussed above, only eToro enables traders to buy and sell real crypto assets.
Fees
All of the CFD brokers discussed today offer competitive fees and commissions.
For a recap of what fees to expect when choosing a popular broker for CFDs in the UK, refer to the comparison table below:
CFD Brokers UK Pricing System Deposit Fee EUR/USD Spread (From) Account Fees
Capital.com 0% commission on all markets None 0.6 pips None
eToro 0% commission on real stocks and ETFs. 1% on real crypto. Spread-only on CFD markets. 0.50% 1 pip
0.5% deposit fee, $10 inactivity fee, $5 withdrawal fee
XTB 0% commission on all markets $0 on debit/credit cards, 2% on Skrill 0.1 pip £10 inactivity fee
Avatrade 0% commission on all markets None 0.9 pips £50 inactivity fee
Pepperstone $3.50 commission per lot on razor account, 0% commission on standard account None From 0.0 pips on razor account, 0.6 pips on standard account None
IG 0% commission on all CFD markets other than stocks 1% on Visa, 0.5% on MasterCard 0.6 pips
1% on Visa, 0.5% on MasterCard, $18 inactivity fee
Skilling 0% on standard accounts Debit/credit cards are free, e-wallets range from 0-2.9% 0.7 pips None
Plus500 0% commission on all markets None 0.8 pips £12 inactivity fee
XM Standard account offers 0% commission None 1 pip on standard account $5 inactivity fee
CMC Markets 0% on all markets apart from stocks and ETFs None 0.7 pips £10 inactivity fee
Tools and Analysis
Another important factor to look for when comparing top CFD brokers in the UK is the availability of trading features. These could include copy trading, which allows UK residents to mirror the buy and sell positions of an experienced investor. In addition, traders may need high-level trading tools and charting features, alongside technical indicators and advanced pricing analysis.
Minimum Deposit
Many CFD brokers require no minimum deposit at all. Others stipulate a first-time minimum of £250.
Demo Account
Demo trading facilities can be important to the success of traders. This enables traders to test strategies without risking real money.
Mobile App
Many traders want the ability to place trades on the go, and this is enabled by a user-friendly and fully optimized mobile app. CFD trading apps in the UK should offer full functionality regarding placing orders, conducting analysis, and account management.
Payment Methods
Many UK retail clients will elect to deposit funds into a CFD brokerage via a debit or credit card. This payment type is supported by many popular CFD brokerages on a fee-free basis, in addition to e-wallets and bank transfers.
Customer Service
Some CFD brokers in the UK offer customer support around the clock. Phone or live chat support may enable traders to get an answer faster.
How to Start Trading CFDs With a Regulated UK Broker
Capital.com requires a minimum first-time deposit of just £20 and it takes just minutes to get set up. So, we’ll walk traders through how to get started with this broker in a few steps. The process is similar for most other UK CFD brokers.
Step 1: Open a Capital.com Account
First, visit the Capital.com website and click on ‘Trade Now’ button. This will load a registration form like in the image below.
Enter an email address and a strong password before clicking on ‘Continue’.
Capital.com will then collect some personal information and request a copy of a passport or driver’s license. This will get the account verified in real-time.
Step 2: Deposit Funds
Payment options and account minimums at Capital.com are as follows:
Debit/credit cards – £20 minimum
E-wallets – £20 minimum
Bank transfer – £250 minimum
No deposit fees are charged at this CFD brokerage.
Step 3: Search for Market to Trade
Now that the Capital.com account has been funded, look for the search bar at the top of the screen.
The trader can then start typing in the name of the CFD market that they wish to trade.
capital.com how to trade stocks
In our example above, we are looking to trade Royal Mail plc.
Step 4: Trade CFDs
CFD trading online at Capital.com requires the trader to choose from a buy or sell order, which highlights whether the individual believes the market will rise or fall.
After entering a stake, the trader can then utilize leverage, alongside stop-loss and take-profit orders. These are, however, optional.
capital.com how to trade stocks
Finally, confirm the CFD trade, and Capital.com will execute it.
Conclusion
In conclusion, the most popular CFD brokers in the UK generally offer access to thousands of markets at low or even zero commission. Traders can access stocks, indices, commodities, forex, and more. UK residents can open a verified account with Capital.com in less than five minutes by meeting the minimum stipulated deposit of just £20.
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