CFDs are great instruments for speculative trading as they allow you to go long or short-sell the underlying stocks without having to own them. There are a few important things to look out for when selecting a broker for CFD trading. First off, make sure that the broker is regulated. Security is everything when deciding to put your money in a trading account. Next, check to see if they offer low commissions or spreads and a decent number of CFDs.
In this review, we will be discussing the best trustworthy brokers that offer a good number of CFDs to their clients.
A quick comparison table of top brokers offering the most CFDs
We selected brokers that offer not only a vast number of CFDs, but very attractive fees and other critical features to make trading CFDs a better experience.
FP Markets
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Visit broker 6.88 4.98 Trade Responsibly: Derivative products are highly leveraged, carry a high level of risk and are not suitable for all investors. Features of our products including fees and charges are outlined in the relevant legal documents available on our website. The legal documents should be considered before entering into transactions with us.
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RoboForex
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Visit broker 7 6.56 Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Forex.com
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Visit broker 7.4 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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| Total Number of assets | 10,000+ | 12,000 | 9,638+ | 3,138+ |
| Regulations | Australia, Cyprus, St. Vincent and the Grenadines | Belize | Australia, Canada, Cayman Islands, Hong Kong SAR, Japan, Singapore, UK, USA | Kenya, Seychelles, South Africa, St. Vincent and the Grenadines, UAE, UK |
| Minimum deposit | 100 AUD | 10 USD | 100 USD | 5 USD |
| Maximum leverage | 1:500 | 1:2000 | 1:50 | 1:1000 |
| Minimum lot size | 0.01 | 0.01 | 0.01 | 0.01 |
| Inactivity fee | 0 USD | 0 USD | 15 USD/m | 5 USD/m |
| Account currency | AUD, USD, EUR, GBP, SGD, CAD, CHF, HKD, JPY, PLN | EUR, USD, CNY, GOLD | EUR, USD, GBP | EUR, USD, NGN, JPY, ZAR |
| Fees on deposits | 0 USD | 0 USD | 0 USD | 0 USD |
| Fees on withdrawals | 0 USD | From 0.5% | 0 USD | 0 USD |
All the brokers are regulated, and only RoboForex is regulated by just one entity. RoboForex offers 12,000 CFDs with leverage of up to 1:2000. Forex.com, on the other hand, is the most regulated CFD broker and offers a very conservative leverage level of just 1:50. HFM has the lowest minimum deposit requirement of just $5, with a relatively high amount of leverage going up to 1:1000.
FP Markets
Established in 2005 FP Markets is not a new face on the Forex scene and has accumulated over 40 industry awards since its launch. FP Markets is regulated by several authorities, including Australia’s ASIC and the CySEC. Spreads offered by the broker start from 1 pip for EUR/USD without any commissions required. For share CFDs, the commission is 0.08% which is competitive.
Offering more than 10,000 CFDs of shares, it is clear that the broker's main focus is on CFDs as it offers a very moderate number of other assets. While there are 63 Forex pairs available, all other assets are fewer in numbers when compared to other brokers on this list. FP Markets also offers leverage of up to 1:500 and a minimum initial deposit of 100 AUD. The broker also offers negative balance protection and comes with MetaTrader 4 and MetaTrader 5 as the main trading platform options.
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6.88
4.98
RoboForex
RoboForex has more than a million clients from 169 countries. The broker was established in 2009 and has collected more than 30 industry awards so far. The total number of trading instruments offered exceeds 12,000 and includes 8,400 share CFDs and 34 cryptos. Forex pairs are not that many with just 33 currency pairs to choose from. Additionally, the broker offers high leverage of 1:2000 and the minimum deposit is just $10.
As for safety, the broker is regulated in Belize and is part of the Investor Compensation Fund. All client funds are kept in segregated accounts. The spreads start from 1 pip on EUR/USD for commission-free accounts. The trading platforms provided by RoboForex include MetaTrader 4, MetaTrader 5, cTrader, and R StockTrader.
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7
6.56
Forex.com
Forex.com is regulated by numerous high-profile overseeing bodies from Australia, Canada, the Cayman Islands, Hong Kong, Japan, Singapore, etc., and is a well-established broker that offers multiple assets. There should be something for everyone from among the 9,638 tradable instruments on offer.
The minimum deposit requirement is $100 and leverage is conservative at 1:50. Spreads start from 0.8 pips for EUR/USD on the commission account, but there is a fee of $5 per lot. For standard accounts with no commissions, spreads can be as high as 2 pips for EUR/USD, starting from 1.2 pips.
When it comes to trading instruments, Forex.com is a winner in three categories, namely indices, commodities, and Forex pairs. There are 91 FX pairs available on the MetaTrader 4 and MetaTrader 5 platforms. The spreads for share CFDs are variable and start from 0.08%. The minimum withdrawal is $100, and it takes about 48 hours for the withdrawal to get processed. There are no fees associated with Forex.com withdrawals.
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7.4
HFM
Over the 10 years that HFM has been in business, more than 3.5 million trading accounts have been opened on HFM’s MetaTrader 4 and MetaTrader 5 platforms.
From the 3,138 tradable instruments offered by HFM, 891 are shares as CFDs, and commissions are just 0.01 USD. The broker also offers 53 currency pairs for trading without commissions. The minimum deposit is just $5 and the leverage goes up to 1:1000.
HFM is regulated in Kenya, Seychelles, South Africa, St. Vincent and the Grenadines, the UAE, and the UK, and offers negative balance protection and segregated accounts.
Best CFDs Broker per category
Let’s focus on which one offers the lowest commissions on share CFD trading.
Lowest spread CFDs brokers
| FP Markets | RoboForex | Forex.com | HFM | |
|---|---|---|---|---|
| Spreads on shares as CFDs | From 0.08% | From 0.01 USD | From 0.08% | From 0.01 USD |
| Commissions | 0 USD |
HFM and RoboForex offer the lowest spreads, while FP markets and Forex.com both have competitive low spreads of 0.08%. In this category, all brokers are competitive and offer attractive fees and commissions.
Multi-asset CFDs Forex brokers
| FP Markets | RoboForex | Forex.com | HFM | |
|---|---|---|---|---|
| Forex pairs | 63 | 35 | 91 | 53 |
| Shares CFDs | 10,000+ | 8,400 | 9,500+ | 891 |
| Cryptos | 11 | 33 | 8 | 0 |
| Commodities | 11 | 6 | 17 | 13 |
| Indices | 16 | 9 | 22 | 11 |
FP Markets offers the highest number of shares as CFDs, with Forex.com and RoboForex coming in at second and third places with 9,500 and 8,400 respectively. Forex.com also has the highest number of Forex pairs, indices, and commodities on their trading platforms.
All CFDs broker reviews
While the four brokers discussed in this review offer the most CFDs for trading, other well-established brokers also offer many trading instruments. On our website, there are reviews for most of these popular brokers and we focus on transparency when digging into them. We use an advanced methodology to define how trustworthy each broker is by focusing on their regulations, trading fees, and other critical aspects.
