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 best CFD brokers in the UK and cover everything traders need to know about regulation, fees, payments, supported markets, trading tools, and more.

The Best CFD Brokers UK in 2024

The 11 best CFD brokers in the UK can be found in the list below:

  1. XTB – Popular CFD Broker for Low Spreads
  2. AvaTrade – Trade CFDs Without Paying Any Commission
  3. Trade Nation – Pay Low-traCost Fixed Spreads and Trade More than 1,000 CFD Assets
  4. Pepperstone – Access Institutional-Grade Spreads
  5. Plus500 – Popular CFD Platform for Trading International Stocks
  6. Axi – Award-Winning CFD Broker Offering Copy Trading
  7. IG – More Than 18,000 CFDs Supported by This Established Broker
  8. Skilling – User-Friendly App for Mobile Traders
  9. XM – CFD Broker that Enables Small Stakes
  10. CMC Markets – Thousands of Markets at Competitive Fees
  11. Admirals – Licensed CFD Broker in the UK For 20 Years

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.

UK CFD Brokers Reviewed

Selecting the best 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 best CFD trading platforms in the UK.

1. 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 best 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

Cons

  • No support for MT4 or MT5

Your capital is at risk. 77% of retail CFD accounts lose money.

2. AvaTrade – Trade CFDs Without Paying Any Commission

AvaTrade logo The 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

Pros

  • Trade CFDs and spread betting markets at 0% commission
  • High-level trading tools for seasoned traders
  • £100 minimum deposit

Cons

  • Does not offer access to real crypto assets

71% of retail investor accounts lose money when trading CFDs with this provider.

3. Trade Nation – Pay Low-Cost Fixed Spreads and Trade More than 1,000 CFD Assets

Based out of the United Kingdom, Trade Nation is a popular trading platform that started in 2014. Traders can engage in CFD (Contracts for Differences) trading by creating a new account and signing in via Meta Trader 4 (MT4). 

With MT4, all traders can trade over 1,000 CFDs on multiple asset classes, including stocks, indices, commodities, and forex pairs. One can asset some of the best forex pairs with Trade Nation, including GBP/USD and EUR/USD. The platform charges a fixed spread of 0.4 pips for the popular EUR/USD trading pair. 

Trade Nation home

Similarly, users can trade popular UK-based stocks such as Vodafone, Barclays, and BT. Through the MT4 trading account, one can leverage multiple trading indicators and access price charts to conduct technical analysis. 

This trading platform does not charge additional or hidden fees, making it an affordable option for many investors. Trade Nation is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. It is also covered by the Financial Services Compensation Scheme (FSCS) in the UK, which is an organization that returns funds that have been lost due to the errors of financial institutions such as banks. 

Interested traders can deposit with debit/credit cards such as VISA and Mastercard. Other payment methods include instant bank transfers and Astropay. Users can also deposit with Skrill and Neteller. 

With Trade Nation, one can also apply leverage to increase the valuation of their trades. However, this is a high-risk investment since it heightens the chance of winning and losing your earnings. 

CFD assets Stocks, forex, commodities, indices
Number of CFD contracts 1,000+
Pricing system Fixed spreads
Deposit fee $0 on debit/credit cards, 2% on Skrill
EUR/USD spread From 0.4 pips
Cost of trading Amazon stock 0.4 pips
Trading Platforms  TN Trader (Proprietary trading platform), MT4, Mobile app
Min Deposit No minimum deposit requirement

Pros

  • Fixed spread charges for CFD trading
  • Low minimum deposit
  • Multiple assets offered
  • Regulated by the FCA

Cons

  • Spreads can increase during rollover periods

75% of retail investor accounts lose money when trading CFDs with this provider.

4. 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

Pros

  • Razor account offers spreads from 0.0 pips
  • Standard account offers 0% commission trading
  • 1,200+CFD markets

Cons

  • Does not have its own native trading platform

74% of retail investor accounts lose money when trading CFDs with this provider.

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. Read our full Plus500 UK review for further details about this leading CFD broker.

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

Pros

  • FCA-regulated broker
  • Huge list of international stock CFDs
  • No deposit fees

Cons

  • No support for MT4 or MT5

6. 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 one of the best CFD broker platforms 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

Pros

  • 0% commission on all markets
  • Advanced tools and CopyTrading
  • Free educational content

Cons

  • Some top investors charge subscriptions for CopyTrading

81.6% 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.

ig review

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.

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 than some of the other top CFD brokers in the UK. 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

Pros

  • 0% commission on all non-stock CFD markets
  • Great reputation in the UK brokerage scene
  • 18,000+CFD and spread betting markets

Cons

  • 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 best 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, like many of the best UK CFD brokers, 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

Pros

  • Some accounts offer 0% commissions
  • Top-rated mobile app for iOS and Android
  • Leverage offered to UK retail clients

Cons

  • Smaller asset library than some other CFD brokers

9. XM – CFD Broker that Enables Small Stakes 

XM review Another provider on our list of best 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)

Pros

  • Minimum deposit of just $5 – or about £4
  • Multiple account types to choose from
  • Supports MT4 and MT5

Cons

  • No proprietary web trading platform

10. 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 best 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

Pros

  • Thousands of CFD markets supported
  • No minimum deposit to open an account
  • Top-rated customer support

Cons

  • Stocks and ETFs are not commission-free

11. Admirals – Licensed CFD Broker in the UK For 20 Years

AdmiralsAdmirals, formerly Admiral Markets, boasts over two decades of experience since its establishment in 2001. it is one of the few brokers that serves a global clientele spanning more than 130 countries. Over the years, this platform has positioned itself as a leading Forex and CFD Broker in the UK, offering an impressive selection of over 8,000 instruments, including popular currency pairs, indices, and commodities. The company has even won more than 20 international industry awards, further proving its quality as a broker.

Admirals

Admirals hold licenses from several reputable financial authorities, including the FCA (Financial Conduct Authority), the UK’s regulatory body. This reflects its commitment to maintaining high regulatory standards and ensuring a secure trading environment for the client.

One of Admirals’ notable features is its access to 15 of the world’s largest stock exchanges, providing traders with a wide array of investment opportunities. Furthermore, the platform offers both MetaTrader 4 and 5, available for download as standalone software, providing users with a robust and versatile trading experience. In its entirety, the platform is one of the best options available in the market right now and is an option that must not be ignored, especially when it comes to the best CFD brokers in the UK.

CFD assets Forex, Indices, Stocks, Commodities, Bonds and ETFs
Number of CFD contracts 8,000+
Pricing system $0.02 per share or $1.80 to $3.80 per 1.0 lots
Deposit fee None
EUR/USD spread Forex typical spreads from 0.6 pips
Cost of trading Amazon stock $0.02 per share
Trading Platforms  MT4, MT5 (Supreme Edition)
Min Deposit $25

Pros

  • Supports Meta Trader Supreme Edition
  • Long-standing platform
  • Has won more than 20 industry awards
  • 8,000+ CFD markets

Cons

  • Does not cater to the US

74% of retail investor accounts lose money when trading CFDs with this provider.

Best CFD Trading Platforms UK Compared

Selecting the best 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 UK 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
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
Trade Nation Stocks, commodities, indices, forex pairs 1,000+ Fixed spreads None 0.4 pips 0.4 pips £1 MT4, TN Trader, Mobile app
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 the Best UK CFD Brokers

Traders are advised to conduct their own independent research when comparing CFD brokers in the UK. The best investment platforms in the UK offer access to CFDs and a wide range of trading tools.

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 best 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 are also regulated by other tier-one bodies, such as ASIC and CySEC.

FSCS cover is also an important item to look out for, as it allows users to claim compensation if the financial firm you use goes out of business.

Supported CFD Instruments  

Users looking for the best ways to invest £5,000 in the UK may be interested in speculating on CFDs. The best 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.

Fees

All of the best UK CFD brokers discussed today offer competitive fees and commissions.

For a recap of what fees to expect when choosing the best 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
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
Plus500 0% commission on all markets None 0.8 pips £12 inactivity fee
Trade Nation Fixed spread costs None 0.4 pips None
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
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 the best UK CFD brokers 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. For example, in our GO Markets UK review we found that this leading CFD broker has a minimum deposit of £200.

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 UK CFD brokers offer customer support around the clock. Phone or live chat support may enable traders to get an answer faster.

Conclusion

This review set out to answer which CFD broker is the best. In conclusion, the best CFD brokers in the UK generally offer access to thousands of markets at low or even zero commission. Traders can access a wide variety of financial instruments including stocks, indices, commodities, forex, and more.

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