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Best CFD Trading Platforms in the UK

Toni Nasr, CFA, FRM| Updated February 29th, 2024

Contracts for Difference (CFD) trading has become increasingly popular among investors due to its flexibility, allowing traders to speculate on the price movements of various assets without owning them. However, with the variety of CFD brokers available in the UK, finding the best one that suits your needs can be challenging.

To help you make an informed decision, we have researched and compared the top CFD trading platforms in the UK based on important criteria such as spreads, range of markets, regulation, and trading platform features. 

It’s worth remembering that CFD trading is unlike other types of trading, as you don’t own a portion of the asset you’re trading. The profits and losses will fluctuate based on price movements, and it’s important to manage your risk carefully.

The Best CFD Brokers in the UK

Interactive Brokers | Best Overall

Interactive Brokers is one of the biggest brokers that provides access to CFDs across a variety of asset classes, including shares, indices, metals, and Forex. Their trading platform, the Trader Workstation (TWS), offers advanced technical indicators, fundamental trading tools, and excellent customization options, making it an excellent choice for both professional traders and beginners.

IG | Best for a wide range of CFD offering

IG is a well-known CFD IG is a popular CFD and Forex broker that offers a wide range of trading instruments, including over 18,000 markets. Additionally, they are known for their high quality research and educational resources.

CMC Markets | Best for low Forex fees and free withdrawals

CMC Markets (CMC) is a leading global CFD broker that provides access to over 12,000 tradable products across a diverse range of asset classes, including Forex, Indices, Cryptocurrencies, Commodities, Stocks, and ETFs. It offers competitive spreads and margin rates on Forex CFDs.

XTB | Best for great customer service

Plus500 is another CFD broker that provides access to over 2,800 tradable CFDs, including Forex, Shares, Commodities, Indices, ETFs & Options. Their platform features competitive spreads and no commissions.

eToro | Best for social trading

eToro is the leading social trading broker, operating in more than 140 countries with over 30 million users. It allows you to invest in CFDs on Stocks, ETFs, Commodities, Forex, Indices and Cryptocurrencies (users can also trade real assets). It is known for its social trading and copy trading features, where you can follow and automatically copy the trades of other experienced investors.
Disclaimer: eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Let’s take a closer look at the key characteristics before delving thoroughly into each broker’s services.

Best CFD Brokers in the UK for 2024 compared

Broker IBKR IG CMC Markets XTB eToro
Nº of CFDs 6,300+ 18,000+ 12,000+ 2,100+ 3,000+
CFD asset classes available Shares, Index, Metals and Forex Shares, Indices, Forex, Commodities, and  Cryptocurrencies Shares, Indices, Forex, Commodities, ETFs, and Bonds Shares, Indices,  Forex, Commodities, ETFs Shares, Indices, Forex, and Commodities
Maximum leverage 1:30 

(depends on account type and instrument)

1:30

(depends on asset class)

1:30

(depends on asset class)

1:30

(depends on asset class)

1:30

(depends on asset class)

Minimum deposit £0 £250 by credit/debit card and PayPal
No minimum for bank transfer
£0 £0 $100
Deposit method Bank transfer Bank transfer, credit/debit cards, PayPal Bank transfer, credit/debit cards, PayPal Bank transfer, credit/debit cards, Skrill Bank transfer, credit/debit cards, PayPal, Skrill, and other electronic wallets
Withdrawal fees 1 free withdrawal per month £0 £0 £12 on amounts below £60; Free above £60 $5 per withdrawal

You can check below the spreads of those brokers on the most used currency pairs.

Spread comparison of the best CFD brokers in the UK

CFD IBKR IG CMC Markets XTB eToro
EUR/USD 0.1 pips 0.6 pips 0.7 pips 0.9 pips 1.0 pips
GBP/USD 0.4 pips 0.9 pips 0.9 pips 1.4 pips 2.0 pips 
AUD/USD 0.5 pips 0.6 pips 0.7 pips 1.3 pips 1.0 pips
USD/JPY 100 pips 70 pips 70 pips 140 pips 110 pips
FTSE 100 CFD $1.0 $2.0 $1.0 $1.8 $1.5
US 500 CFD $0.23 $0.6 $0.5 $0.4 $0.75
Bitcoin CFD Not Available $84.0 $75.0 Not Available Bitcoin is available but not as CFD
Tesla (TSLA) $0.02 $0.12 $0.03 $0.52 $0.28
Amazon (AMZN) $0.01 $0.21 $0.02 $0.34 $0.18
Gold (XAU/USD) $0.08 $0.3 $0.3 $0.32 $0.45
Silver (XAG/USD) $0.0095 $0.03 $0.25 $0.034 $0.05

Spreads are in pips (equal to 0.0001) – Please note that pips vary according to market conditions.

The spread in trading is the difference between the ask and bid prices on a particular instrument. Spreads are not fixed. They vary depending on the financial instrument traded, liquidity, and market events. Brokers can increase or widen the bid-ask spread, which would result in an investor paying more when buying and getting less when selling. Accordingly, it is a key factor in selecting the best CFD brokers.

Now, let’s take a closer look at each of our top picks for the best CFD trading platforms in the UK and what sets them apart from the rest.

1# Interactive Brokers

interactive brokers logo
Visit Interactive BrokersBest CFD Trading Platforms in the UK 1

Interactive Brokers at a glance

Number of CFD available for trading6,300+
CFD leverageup to 30x (depends on account type and currency pair)
Minimum Deposit$0
FeesSpreads starting 0.1 pip and tier pricing commission
RegulatorsASIC, IIROC, FINRA, SIPC, SEC, CFTC, FCA, CBI, AFSL, SFC, SEBI, MAS, MNB

Founded in 1978, Interactive Brokers is one of the largest international brokers and is listed on the NASDAQ exchange (Ticker: IBKR). They are regulated by many top-tier regulators, including the Financial Conduct Authority (FCA), making it a good choice for British traders.

In addition to CFDs, Interactive Brokers offers great research tools and advanced trading platforms. For instance, their trading platform, TWS (desktop version), is one of the best trading platforms with advanced features and a high degree of customisation. In addition, they offer a well-designed web interface, IBKR GlobalTrader, and a mobile app.

UK residents can trade CFDs issued by Interactive Brokers which includes:

  • Share CFDs with approximately 6,200 Share CFDs covering the principal markets in the US, Europe and Asia,
  • Index CFDs, which include the main US, European and Asian indices,
  • Forex CFDs with 85 tradeable currency pairs,
  • Metals CFDs, which include Gold and Silver.

IBKR offers tight spreads on its CFD trades, but commissions are charged based on the type of CFD being traded and the volume. The broker is known to provide one of the narrowest spreads on Forex, where traders benefit from direct access to interbank quotes and real-time prices from 14 of the world’s largest FX dealing banks while being charged a tiered commission based on monthly trading volume.

Share CFDs have low commissions starting at 0.05% and overnight financing charges starting at benchmark +/-1.5%, while commission rates for Index CFDs are only 0.0005% – 0.01% and overnight financing rates are just benchmark +/-1.5%. And in general, IBKR’s CFD margin requirements are generally more favorable than stock margin requirements.

Below is a table showing sample spreads on major CFDs across various asset classes.

Interactive Brokers spreads on major CFDs

CFD Spread
EUR/USD 0.1 pips
GBP/USD 0.4 pips
AUD/USD 0.5 pips
USD/JPY 100 pips
FTSE 100 CFD $1.0
US 500 CFD $0.23
Tesla (TSLA) $0.02
Amazon (AMZN) $0.01
Gold (XAU/USD) $0.08
Silver (XAG/USD) $0.0095

1 pip equal to 0.0001

While using IBKR’s platform, you can view and trade multiple asset types from the same screen using a single integrated account. You can have several account base currencies at Interactive Brokers, including GBP, USD, EUR, AUD and HKD, without a minimum amount required. Still, the only way to fund them is through a bank wire transfer. 

Interactive Brokers provides its clients with leverage on CFDs, allowing them to increase their exposure to assets or indices with the same initial capital. However, you should be aware that leverage can magnify potential losses as well as gains. As for other fees, they do not charge any inactivity fees, and you are entitled to one free withdrawal per month.

Interactive Brokers trading features

Trading platforms IB Trader Workstation (TWS), Client Portal (Web-based platform), IBKR Mobile and IBKR GlobalTrader (another mobile app).
Limit orders Yes
Stop loss & take profit orders Yes
Negative Balance Protection Yes
Guaranteed stop loss No

We recommend you check out our comprehensive Interactive Brokers review.

2# IG

Best CFD Trading Platforms in the UK 2
Visit IGBest CFD Trading Platforms in the UK 1

75% of retail CFD accounts lose money.

IG at a glance

Number of CFD available for trading18,000+
CFD leverageup to 30x
Minimum Deposit£250 by credit/debit card and PayPal, No minimum for bank transfer
FeesDepends on asset class
RegulatorsFCA, FDCA, ASIC, NFA, MAS, FINMA, FMA

IG Group, a London-based broker founded in 1974 and listed on the London Stock Exchange, is the first broker on our list of top CFD brokers in the UK. IG offers access to an extensive range of trading instruments, with over 18,000 CFDs spanning various asset classes and spreads starting at 0.6 pips. It is perfect for both beginners and professional traders. For instance, their free educational resources through its IG Academy help traders improve their understanding of financial markets and trading skills. Furthermore, IG’s news and analysis section provides professional insights to keep traders updated on market-moving events.

IG charges a spread or commission on trades, depending on the asset class. For example, spreads on major CFD currency pairs start at 0.6 pips, while on major indices, spreads start at 0.8 points and 0.1 points on commodities. As for share CFDs, commission fees start from 0.10% per side with a minimum £15 charge for UK-listed charges cents per share

IG spreads on major CFDs

CFD Spread
EUR/USD 0.6 pips
GBP/USD 0.9 pips
AUD/USD 0.6 pips
USD/JPY 70 pips
FTSE 100 CFD $2.0
US 500 CFD $0.6
Bitcoin CFD $84.0
Tesla (TSLA) $0.12
Amazon (AMZN) $0.21
Gold (XAU/USD) $0.3
Silver (XAG/USD) $0.03
EUR/USD 0.6 pips

1 pip equal to 0.0001

In addition to spread and commission fees, there may be other potential charges and factors that could influence how much your trading costs. These fees are only applicable when they apply to your trades, such as overnight financing charges or fees for guaranteed stops. IG has a very transparent fee structure, and you can check all the details and examples on its website, allowing you to calculate the cost of your trades accurately.

When trading with IG, you can choose from a variety of trading platforms. The IG trading platform is available on iOS and Android devices. It also offers a progressive web app, allowing traders to access their accounts from any device with internet access. For more advanced traders, IG offers ProRealTime and MetaTrader4, two platforms known for their advanced charting capabilities and customization options. For those looking to trade with Direct Market Access (DMA), IG offers L2 Dealer, a platform designed for professional traders that provide direct access to exchange order books and market depth.

IG trading features

Trading platforms IG web trading platform, IG mobile trading app, IG progressive web app (PWA), ProRealTime (PRT), MetaTrader 4 (MT4), L2 Dealer.
Limit orders Yes
Stop loss & take profit orders Yes
Negative Balance Protection Yes
Guaranteed stop loss Yes

The required minimum deposit is £250 if you fund your account by PayPal, a credit card, or a debit card, while there is no minimum deposit for bank transfers. IG does not charge any fees on deposits and withdrawals. Still, on the downside, they charge a £12 monthly inactivity fee if your account has been inactive for more than 2 years.

3# CMC Markets

Best CFD Trading Platforms in the UK 4
Visit CMC MarketsBest CFD Trading Platforms in the UK 1

81% of retail CFD accounts lose money.

CMC Markets at a glance

Number of CFD available for trading12,000+
CFD Leverageup to 30x (depends on asset class)
Minimum Deposit£0
FeesDepends on asset class
RegulatorsFCA, ASIC, BaFin, IIROC, FMA, MAS, DFSA

CMC Markets (CMC) is a global CFD broker that was established in 1989 and is listed on the London stock exchange. It currently serves more than 300,000 clients globally and gives access to over 12,000 CFDs, and offers one of the largest CFDs on Forex that includes 330+ currency pairs. It is regulated by many international top-tier regulators, including the FCA.

At CMC Markets, the commission charged for CFD trading depends on the asset class. For example, there is no commission for Forex trading, but a spread and holding cost applies. On the other hand, CFD share trading is subject to a commission that is calculated based on the executed order. In addition, holding costs may apply to open CFD trading positions at the end of each trading day (5 pm New York time). These holding costs can be positive or negative, depending on whether the position is long or short. Here is a brief overview of the spreads applied on major CFDs.

CMC Markets spreads on major CFDs

CFD Spread
EUR/USD 0.7 pips
GBP/USD 0.9 pips
AUD/USD 0.7 pips
USD/JPY 70 pips
FTSE 100 CFD $1.0
US 500 CFD $0.5
Bitcoin CFD $75.0
Tesla (TSLA) $0.03
Amazon (AMZN) $0.02
Gold (XAU/USD) $0.3
Silver (XAG/USD) $0.25

1 pip equal to 0.0001

CMC Markets offer a 30:1 leverage on Forex, which means that you can open a position worth up to 30 times the amount of deposit you put down. However, the leverage varies according to the asset class and instrument. They offer a web platform and mobile app that support various languages. Alternatively, the widely-used MetaTrader 4 (MT4) platform is also available.

CMC Markets trading features

Trading platforms Next Generation web-platform, MetaTrader 4 (MT4), and CMC Markets mobile application
Limit orders Yes
Stop loss & take profit orders Yes
Negative Balance Protection Yes
Guaranteed stop loss Yes

It is an ideal broker if you want to reduce your fees, as it provides tight spreads and free deposits and withdrawals. Additionally, CMC Markets supports up to 10 account currencies, including GBP, and you can fund your account by credit or debit card, bank transfer, or PayPal. 

However, if your account has had no trading activity for 12 months, you will be charged a monthly inactivity fee of £10 or equivalent. Lastly, you should note that monthly subscription charges may apply depending on the market data and the type of account held. Yet, these fees might be refunded according to the number of trades executed.

4# XTB

Best CFD Trading Platforms in the UK 6
Visit XTBBest CFD Trading Platforms in the UK 1

76-85% of retail CFD accounts lose money.

XTB at a glance

Number of CFD available for trading2,200+
CFD LeverageUp to 30x
Minimum Deposit£0
FeesDepends on asset class
RegulatorsFCA, CySEC, KNF, CNVM, and IFSC

XTB is a global CFD broker established in 2002 with more than 500,000 clients. Compared to other brokers, it is widely known for having an outstanding customer service team. Their CFD offerings include Forex, indices, commodities, shares, and ETFs, and they offer competitive pricing, with spreads starting as low as 0.1 pips for professional accounts.

XTB spreads on major CFDs

CFD Spread
EUR/USD 0.9 pips
GBP/USD 1.4 pips
AUD/USD 1.3 pips
USD/JPY 140 pips
FTSE 100 CFD $1.8
US 500 CFD $0.4
Bitcoin CFD Not Available
Tesla (TSLA) $0.52
Amazon (AMZN) $0.34
Gold (XAU/USD) $0.32
Silver (XAG/USD) $0.034

1 pip equal to 0.0001

The spread depends on the type of account that you choose and the market that you trade on.

XTB offers beginner and experienced traders a dynamic trading experience with its two trading platforms, xStation5 (desktop-based) and xStation (mobile), which have advanced charting tools and indicators. You can fund your account via bank wire transfer, credit or debit card, or Skrill, and there is no minimum amount to open an account.

XTB trading features

Trading platforms XTB Web Trade Platform, xStation 5 desktop trading platform, xStation Mobile application.
Limit orders Yes
Stop loss & take profit orders Yes
Negative Balance Protection Yes
Guaranteed stop loss No

On the downside, XTB charges a £12 fee for withdrawals of less than £60. Still, they do not impose a fee on withdrawals over that amount. Additionally, they charge a €10 monthly fee (or its countervalue) after 12 months of inactivity.

Read our XTB review for further insights.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 76-85 % 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.

5# eToro

Best CFD Trading Platforms in the UK 8
Visit eToroBest CFD Trading Platforms in the UK 1

51% of retail CFD accounts lose money.

eToro at a glance

Number of CFD available for trading3,000+
CFD leverageup to 30x (depends on asset class)
Minimum DepositUSD 100
Fees$0 but spreads apply
RegulatorsFCA, ASIC, CySEC

Since 2007, eToro has been recognized for its social trading platform, which allows users to copy the trades of other successful investors and engage in market discussions with a large community of over 30 million users. eToro is regulated by the FCA to ensure compliance and safety for UK users.

The costs and charges when you trade one of the CFD instruments are generally low and built into the spread, which depends on the asset class traded and depends on trading hours.

eToro spreads on major CFDs

CFD Spread
EUR/USD 1.0 pips
GBP/USD 2.0 pips 
AUD/USD 1.0 pips
USD/JPY 110 pips
FTSE 100 CFD $1.5
US 500 CFD $0.75
Tesla (TSLA) $0.28
Amazon (AMZN) $0.18
Gold (XAU/USD) $0.45
Silver (XAG/USD) $0.05

1 pip equal to 0.0001

The web platform is user-friendly for beginners and has an intuitive layout with many features that enhance your trading experience, such as one-click trading, limit orders, and advanced charting tools.

eToro trading features

Trading platforms eToro web-based trading platform

eToro mobile application

Limit orders Yes
Stop loss & take profit orders Yes
Negative Balance Protection Yes
Guaranteed stop loss No

Although eToro is one of the best brokers for new CFD traders, it might not be the best choice for day traders or professional traders. This is because some currency pairs have wider spreads compared to other brokers. Additionally, USD is the only account currency available, and withdrawal fees are a bit high if you plan to withdraw funds frequently ($5 per withdrawal).

Read our in-depth eToro review for a complete evaluation.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% 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.

What Makes a Good Broker for CFD Trading in the UK?

When evaluating the top CFD trading platforms in the UK, it can be helpful to consider certain key factors. To make this process easier for you, we’ve compiled a list of important factors to keep in mind:

  • Reliable trading platform: A good CFD broker should offer a trading platform that is easy to use, stable, and fast. The platform should also have useful features such as charting tools, market news, and real-time data feeds to help you make informed trading decisions;
  • Competitive pricing: CFD trading fees can vary widely between brokers, so it’s important to choose a broker that offers competitive pricing. This includes low spreads, minimal or no commissions, and low overnight financing charges;
  • Wide range of markets: The best CFD brokers in the UK should offer a diverse range of markets to trade, including stocks, indices, commodities, Forex, and cryptocurrencies. This allows you to create a well-diversified trading portfolio and take advantage of different market conditions;
  • Excellent customer service: A good CFD broker should provide excellent customer service, with fast response times and helpful support staff available via phone, email, or live chat. This is especially important if you’re new to trading or encounter technical difficulties;
  • Regulated by top-tier authorities: To ensure the safety of your funds, it’s important to choose a CFD broker that is regulated by the Financial Conduct Authority (FCA). This provides protection against fraud, scams, and other unethical practices in the industry.

The bottom line

It can be a challenge to find the best CFD broker in the UK due to the variety of parameters that need to be considered. Comparing different trading conditions can be time-consuming and overwhelming. Our analysts have done the work for you and have presented their findings and analysis of the “Best CFD Brokers in the UK,” which is summarized below:

Best CFD Brokers in the UK
#1 Interactive Brokers Best Overall
#2 IG  Best for a wide range of CFD offering
#3 CMC Markets Best for low Forex fees and free deposits and withdrawals
#4 XTB  Best for great customer service
#5 eToro Best for social trading and copy trading features

If you’re feeling unsure about which CFD broker is the right fit for you, don’t worry! Our “Help Me Choose” tool can give you a personalized recommendation based on your preferences. Additionally, our comparison table breaks down the key features of various CFD brokers in the UK, making it easier to compare them side by side. Finally, our reviews provide even more details about each broker’s products and services.

We hope this article has been helpful in your search for the best CFD broker in the UK and that it saves you some time in your research. Keep in mind that it’s always best to do your research and determine which online broker is best for you. Also, consider using a demo account to test the platform and features before committing to a live account.

Other FAQs

What is a CFD broker?

A CFD broker is a financial services provider that offers Contracts-for-Difference (CFDs) trading services to clients. CFDs allow traders to speculate on the price movements of various underlying assets without actually owning them.

What should I look for in a CFD broker?

Some important factors to consider when choosing a CFD broker include regulatory compliance, trading fees, trading platform, customer support, and available trading instruments.

Are there any fees associated with CFD trading?

Yes, CFD brokers typically charge fees such as spreads, commissions, and overnight financing charges.

What is the minimum amount required to start CFD trading in the UK?

The minimum amount required to start CFD trading in the UK varies depending on the broker. Some brokers offer accounts with no minimum deposit, while others require a certain minimum balance to start trading. Choosing a broker that suits your trading needs and budget is important.

Toni Nasr, CFA, FRM
Fintech Analyst

Toni is a Fintech Analyst with over 8 years of experience in the financial industry where he worked as a financial control analyst at a regional bank and later conducted independent investment research analysis.

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