With interest in Contracts for Differences trading growing exponentially in the last three years, it has become apparent that it is slowly establishing itself as a crucial financial tool in trading circles. The main problem for many traders in 2021 has been finding the right online broker to help them navigate the unpredictable and unforgiving world of CFD trading.
In practice, finding the right broker is not an easy task, however, there are a few indicators that you can sift through to help you find one that suits your needs;
- Guaranteed safety of your investment portfolio/funds
- Efficient trade execution with real-time updates
- Free demo account with a virtual customer wallet
- Financial license
- Official regulation and compliance certificate
- Comprehensive trade charts for various assets and commodities
- 24-hour customer support
This list provides an outline of the kind of value you should expect from your online broker, and it emphasizes the commitment to customer satisfaction. With this in mind, let’s look at some of the highest-rated CFD brokers this year. Hopefully, you will find one that is perfect for you.
Top-Rated CFD Brokers in 2021
1. XTB CFD Stock Trading
While this online broker is based in Europe, it is one of the top-class financial tools that offer Contract for Differences trading and Currency Exchange Traded Funds (ETFs). XTB operates in Poland, and it has several branches around the EU.
What makes this CFD broker highly recommended is that it provides professional trading software, direct access to the global market, personal support, and a free demo account.
It also has no minimum deposit, so you can register with any amount and begin your CFD trading journey. The XStation 5 software used on this platform is quite effective-allowing you to develop strategy points with sophisticated analysis and research tools.
2. IQ Option
If you are looking for a tool that you can customize and modify to suit your specific trading technique, the IQ option comes highly recommended. What makes this financial tool stand out is its user-friendly interface. This feature makes it easy to navigate even for first-time CFD traders, and it has multi-charting resources that help you do technical analysis more efficiently.
Like XTB, this tool also has a low minimum deposit ($1) and it gives you access to hundreds of financial markets. IQ option also works in several languages, plus it gives you plenty of trading options. For customer support, this platform offers a 24-hour help desk as well as fast deposit and withdrawal.
3. IG CFD Trading
IG is a trusted brand not only because it has been around for a long time, and it provides the best trading conditions. It is a well-established online brokerage firm with several international branches and access to 16000 financial markets.
Aside from CFD trading, IG has provisions for spread betting, stocks, cryptocurrency trading, and other fx specials. It also has free educational tutorials on best practices and effective trading strategies. This fact alone makes it a critical resource for investors with little to no trading experience.
Lastly, this trading platform is highly secure.
4. XM Trading
Like IG, XM is a financial tool that offers coaching for beginners and novice traders. Equipped with MetaTrader, this platform allows you access to thousands of active financial markets with a micro account that you can set up for only $5. XM also boasts of Low spreads, high leverage points, and top-class customer support.
XM is one of the highly recommended options if you want access to an extensive knowledge base and better security. You have better margins, flow charts on specific assets, and a real-time resource base. This platform is a good option if you want to develop a winning strategy.
It is impossible to mention utility trading tools without having Etoro on the list. This platform is perhaps the most efficient, feature-rich, and customer-friendly of all. Etoro has the most sophisticated copy trading software, is highly liquid, has very competitive spreads, and is secure.
Etoro also offers analytic tools for various assets and securities to help with strategy development. It has free coaching for new investors. In terms of actual trading, Etoro offers fast execution, with quick deposit and withdrawal procedures. This feature is courtesy of regulated payment methods such as Paypal, Bank wire, and e-wallets.
Although it does have some pitfalls, overall, Etoro is the best financial tool for CFD trading in 2021.
CFD trading may be risky, but you can guarantee profitability with a well-designed strategy and a broker who has your interests at heart.