CFDs is a good alternative to forex for trading in the UK. When trading CFD choose a trading platform that allows you to trade the best CFDs like commodities & ETFs. Our team of experts have selected their best CFD trading platforms UK.
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Here are our best platforms to trade CFDs from FCA regulated brokers:
The most popular CFD trading platforms in the UK are MetaTrader 4 and MetaTrader 5. In our attempt to find the best CFD brokers in the UK offering the full suite of MetaTrader 4 and MetaTrader 5 trading platforms, Pepperstone ranks as the number one regulated forex and CFD broker. Our team of experts took into consideration three factors before awarding Pepperstone as the best CFD trading broker for MT4 and MT5:
Pepperstone offers MetaTrader 4, our most popular; MetaTrader 5, our most powerful.
Founded in 2010 and based in Melbourne, Australia, Pepperstone Group Limited is authorised by the following tier one regulatory:
For traders in the UK (and Europe) only FCA regulation will be of relevance.
Our team of experts at Compare Forex Brokers recommend Pepperstone to UK retail traders with an interest in trading CFDs on platforms such as MetaTrader 4 and MetaTrader 5.
Over the past decade, MT4 has become a standard for Forex trading. As a leading regulated broker, Pepperstone has made certain that it offers its clients an easily customisable trading platform, allowing access to live quotes, real-time charts, in-depth news and analytics, and a range of technical indicators and order management tools.
What UK retail clients will find in Pepperstone’s MetaTrader 4 platform includes:
Another major advantage of Pepperstone’s MT4 CFD trading platform is that it offers a combination of low trading costs and exceptional order execution speeds.
UK-based clients can trade on various CFD financial instruments with ultra-low spreads starting from 0.0 pips (Pepperstone’s Razor trading account). UK CFD traders can access buy and sell price quote on global markets with the following spreads:
Although Pepperstone UK historically offered cryptocurrencies to retail traders, recent changes to FCA regulation now mean cryptos such as Bitcoin are not able to trade with UK brokers.
Note *Our review has concluded that the average spreads on all of Pepperstone’s CFD products are, in fact, competitive.
As the broker ensures ECN-style trading conditions on its Razor Account, retail customers will have to pay a commission, which for the MetaTrader 4 trading platform starts from as low as GBP 2.29 per every 100,000 units traded (or GBP 4.59 round turn).
Pepperstone’s Active Trader program offers commission discounts (rebates), which depend on how many standard lots the client trade per month. UK retail CFD traders can expect to receive between GBP 200 and GBP 500 in monthly rebates if they generate between 200-500 lots in trading volume.
Thanks to its network of tier-one liquidity providers, Pepperstone offers lightning-fast order execution on its MT4 trading platform. According to the broker, most trade orders by UK clients are filled in less than 60 ms. Our team of experts conducted an independent order speed test using a proprietary MT4 script and found an execution speed of 85 ms. Below you can view a comparison of the best CFD trading brokers in the UK with fast execution speed.
Pepperstone’s MetaTrader 5, which is based on the MQL5 programming language, offers advanced functionality and superior analysis tools.
What UK retail clients will find in Pepperstone’s MetaTrader 5 platform includes:
Another advantage of the broker’s MT5 platform is the inclusion of Shares CFDs. UK-based clients have the opportunity to trade more than 60 high-quality US Stocks with a maximum leverage of 1:5.
Overall, Pepperstone is the best CFD trading platform UK for its suite of MT4 and MT5 platforms. The minimum deposit for a live account with Pepperstone UK is only GBP200. You can also start trading CFDs without risking any of your hard-earned money by claiming your FREE demo account. Click the button below to enjoy the most popular CFD trading platforms in the UK.
View Pepperstone Review >>Visit Pepperstone >>
The overall rating is based on review by our experts
Plus500 is a good CFD UK broker for traders looking for risk management features. Our team of trained experts assessed online CFD provider Plus500 based on four brokerage features:
Manage your risk with our simple yet powerful trading tools
Founded in 2008 and headquartered in London, Plus500 Ltd is a leading international Forex and CFD provider, offering more than 2,000 financial instruments in a number of asset classes. Plus 500 is authorised to conduct financial services business in several jurisdictions, including:
Our team of industry experts have concluded that Plus 500’s CFD platform offers the largest variety of risk management tools, which allow UK-based retail investors to protect their active positions while being exposed to the relentless dynamics of the global markets.
Contracts for Difference (CFDs) are complex instruments, enabling retail traders to speculate on the price movements of a particular trading instrument by using leverage. We can say that leverage is a double-edged sword since it amplifies both potential gains and potential losses. Therefore, when trading CFDs with the use of high leverage ratios amid a highly volatile market environment, retail investors need proper tools to minimize risk.
In the UK, leverage for retail clients is limited to 1:30, as per the existing regulatory framework. But traders willing to qualify for a professional account may have access to higher leverage – up to 1:400.
What Plus 500 offers its UK clients as tools to manage high leverage are 3 valuable risk features. Our team of experts will outline below the different ways to manage trading risk on the Plus500 trading platform.
The Stop Limit order, also known as Close at Profit, allows CFD traders to specify a price level at which their active position will be closed while gains will be locked in.
The Stop Loss order, also known as Close at Loss, allows traders to specify a price level at which their active position will be closed while losses will be limited.
Plus 500 offers this trading feature without charging any fees.
Plus 500’s Guaranteed Stop ensures an absolute limit on potential losses while minimising the risk of slippage. If the price of a selected trading instrument moves in the opposite direction to what the client has anticipated, the software will automatically close his/her position at the price level specified.
On the downside, Plus 500 allows Guaranteed Stop on some financial instruments only and it will apply an extra spread.
The Trailing Stop feature enables clients to preserve gains and to place a Stop Loss order that will update automatically when price movement develops in the anticipated direction.
If the price goes in the opposite direction to the one anticipated, the Close at Loss order will be triggered. However, there is no guarantee that the position will close at the “Close at Loss” level specified, as slippage may occur.
On the plus side, the broker will not charge clients for using the Trailing Stop feature.
As a risk management tool, negative balance protection is not offered by all Forex and CFD brokers. Fortunately, Plus 500 does have such a policy. With a negative balance protection feature in place, retail investor accounts cannot lose larger fund amounts than those initially deposited. It has proven to be a valuable tool, particularly in times of heightened market volatility, when margin calls may not function as expected.
With over 200,00 active traders on its proprietary CFD trading platform, Plus500 has proven to offer a complete range of risk management tools. Plus500 offers the best solution to properly manage your risk, which can be an essential tool, especially for UK novice traders. Grab your FREE demo account by clicking the button below.
View Plus500 Review >>Visit Plus500 >>
*Your capital is at risk ‘76.4% of retail CFD accounts lose money’
Our independent review revealed that the best social trading platform in the UK is offered by eToro. eToro allows London traders to copy trades on a wide range of CFD financial markets. eToro was selected as the best copy trading and social trading platform in 2021 based on three factors:
Join eToro and trade stocks from the world’s top exchanges with no commission
eToro is a leading Forex and CFD provider, recognised internationally for its social trading platform. eToro is authorised to operate in a number of jurisdictions, including:
CFD traders with insufficient trading experience, who may have a difficult time earning profits with their own trading strategies, will probably find eToro’s CopyTrader feature appealing. By copying positions of experienced traders, beginners are able to earn a passive income.
UK-based eToro clients have the freedom to locate and choose from more than 3,000,000 active traders on the broker’s platform by using certain parameters such as return, risk score, number of copiers or preferred markets to trade. Once beginners locate a top-performing trader, they can discuss trading strategies with him/her or exactly copy his/her trading portfolio.
To replicate the activity of a professional, copiers do not have to pay any management fees or other hidden costs. They simply allocate a part of their available account balance to copy his/her portfolio.
In order to access eToro’s CopyTrader, UK retail clients will need to ensure a minimum deposit of $200. We should also note that every copied position has to be at least $1 in value.
Traders, whose portfolios are copied, have the opportunity to earn an extra income each month by participating in eToro’s Popular Investor Program.
At eToro, UK-based traders can access and copy trades in real-time on a wide range of markets, including:
The eToro CFD platform is a top-of-the-line trading platform designed with the aim to help out beginner traders. The CFD multi-asset platform is a web-based trading platform that doesn’t require any installation and comes with the following features:
Overall, eToro scored the highest number of points in our proprietary start scoring system for its CFD copy trading platform. The big number of CFD markets along with the CopyTrader platform makes eToro the best social trading platform in 2021. Start trading today on the foreign exchange market and hundreds of CFD instruments by clicking the button below.
Online trading provider, XTB UK offers the best CFD trading platform for share trading and ETF trading based on four factors:
At XTB you can choose from two world-class platforms+1,500 Stock + 80 ETFs
XTB is a stock exchange-listed, award-winning Forex and CFD provider with over 15 years of business history and offices in more than 13 countries across Europe. Headquartered in London, XTB Ltd is authorised and regulated by the UK’s FCA.
XTB offers access to over 1,500 derivative financial instruments across a range of six markets, including Exchange-Traded Funds (ETFs) and Equities, all with competitive pricing.
When trading shares as CFDs, you are speculating on price movements rather than buying or selling the physical underlying asset, as with share dealing. XTB is a top share CFD broker thanks to two key factors – low fees and access to a wide range of stock markets.
The broker allows access to more than 1,700 high-quality US and European Stocks, including Apple, Adidas, Airbus, Amazon etc, with a maximum leverage of 1:5 and low commissions of 0.08% (minimum EUR 8 or $8) on its xStation 5 and MetaTrader 4 platforms.
UK-based clients can trade CFDs on a total of 110 US and European ETFs with no requotes, maximum leverage of 1:5, low commissions of 0.08% (minimum EUR 8 or $8) and spreads of as low as 0.02 points on SDPR S&P 500 Trust and PowerShares QQQ Trust Series 1.
Before you sign up for a live CFD account and start risking real money, UK retail customers have the option to test CFD products and trading strategies via a demo account. XTB’s demo account provides access for 4 weeks, and you are provided GBP 100,000 in virtual funds.
After building confidence in trading CFDs via your demo account, you can easily open a live CFD trading account with XTB.
The online broker requires a minimum deposit of £250, $250, or €250, depending on the account base currency you choose. You can fund your account using two different e-wallets, being Paypal and Paysafe (formally Skrill), as well as debit cards, credit cards, and bank transfers. Withdrawals are returned to your nominated bank account.
Among the CFD brokers in the UK we compared, XTB offers the best CFD trading platform for share and ETF trading. XTB’s xStation is great for CFD trading on US stocks, UK stocks, European stocks, and much more. For more details on the financial services offered by XTB, you can contact their customer support service, which is available 24/7.
XTB Review >>Visit XTB >>
Among all UK CFD brokers reviewed, FxPro offers the best technological solution for the cTrader trading platform based on three factors:
FxPro cTrader provides a larger range of modern features + cBot trading facilities
Founded in 2006, FxPro is one of the most reputable global CFD brokers with more than 70 awards, based in the United Kingdom. It offers 107 CFDs on a range of markets such as Forex, Shares, Spot Indices, Commodity Futures, Spot Metals and Spot Energies on popular trading platforms like MetaTrader 4, MetaTrader 5 and cTrader.
FxPro complies with strict regulatory standards in a number of global jurisdictions:
FxPro’s cTrader is that it ensures access to full market depth, which allows clients to receive the best available bid and ask for quotes. The award-winning cTrader platform can be downloaded on a range of operational systems, including Windows, MAC, iOS and Android. The trading platform can also be accessed via a browser.
With FxPro’s cTrader, UK-based retail clients can open trades using advanced order execution types, including:
We consider the limited number of accessible markets as being the main disadvantage of FxPro’s cTrader platform. UK-based clients can access no more than 104 trading instruments in four asset classes (Foreign Exchange, Metals, Energies and Stock Indices). On the other hand, customers who seek to trade CFDs on Commodity Futures or Shares have the freedom to select the broker’s MetaTrader 4 platform.
Overall, FxPro offers the best conditions for CFD trading on the cTrader platform. The advanced online trading tools integrated with cTrader along with the cBot feature for automated trading strategies make FxPro cTrader the best pick of CFD trading platform in the UK.
View FxPro Review >>Visit FxPro >>
The best CFD trading platform in the UK with the largest variety of financial markets available for trading is offered by City Index UK. City Index took the most points in our star scoring system based on three factors:
CityIndex offers Spread Betting, CFD and Forex Trading on 12,000+ global markets
City Index is a trading name of GAIN Capital UK Limited, which is registered in England and Wales and falls under the regulation of the UK’s FCA.
With City Index, UK-based retail clients are granted access to a wide range of markets through several trading platforms – HTML5 Web Trader, MetaTrader 4 and AT Pro. The broker offers CFDs on 8 underlying assets as follows:
The best CFD trading platforms in the UK for accessing a large number of Contract for Difference is City Index. UK residents can open a live account with City Index with as little as GBP 100. Claim your free demo account and gain exposure to global financial assets.
The best CFD trading Apps in the UK are offered by ThinkMarkets based on three factors:
Real-time CFD trading directly from ThinkTrader Mobile App with over 80 indicators + TrendRisk scanner.
ThinkMarkets is a multi-regulated Forex and CFD provider with a decade of business history. It is authorised to offer online trading services in:
Our review has concluded that ThinkMarkets offers the most competitive mobile trading application on the UK market.
ThinkTrader Mobile is an innovative CFD trading platform, which offers a set of distinct features such as:
ThinkMarkets offer the best mobile CFD trading platforms for UK traders. The CFD trading Apps offered by ThinkMarkets are powered through MetaTrader 4 mobile App, MetaTrader 5 mobile App and ThinkTrader App. Start your mobile trading journey with a minimum deposit of GBP 250 by clicking the button below.
View ThinkMarkets Review >>Visit ThinkMarkets >>
CMC Markets offer the best spread betting platforms UK and CFD stock trading based on three factors:
Spread bet tax-free across over 9,400 global stocks + Award-winning trading platform
CMC Markets is a reputable online trading services provider, based in London, and having offices across Europe and the Asia Pacific area. CMC Markets UK Plc and CMC Spreadbet Plc are entities, which comply with the stringent regulatory standards upheld by the FCA.
Our review has concluded that, in terms of spread betting conditions, CMC Markets clearly outpaces other regulated CFD and Forex brokers in the United Kingdom.
Similar to CFD trading, spread betting is a high-risk endeavour that may lead to capital losses due to leverage.
Currently, CMC Markets offers spread betting services only to customers from the United Kingdom and Ireland. They can spread bet on over 9,000 trading instruments in several asset classes – Forex pairs, Commodities, Stock Indices, Equities, ETFs and Treasuries.
The broker has no minimum deposit requirement on its Spread Betting Account, while Forex spreads start from 0.3 pips.
Spread betting is the favoured approach to short-term trading for many UK traders mainly because gains are not subject to capital gains tax (CGT) like with CFDs.
But, similarly to CFD trading, you are not required to pay stamp duty, because they simply speculate on the price movement of instruments and do not actually own the underlying asset.
The key features of CMC Markets’ spread betting platform include:
The broker allows access to over 9,400 global Stocks, traded as CFDs with a margin rate of 20%. It will charge a commission of 0.10% for most countries, while for positions in US and Canadian Share CFDs the commission will be $0.02. The table below presents the minimum commission charged, the trading hours and other specifications related to Stock trading:
Overall, CMC Markets offer the best spread betting platforms available across all your devices. There is no minimum deposit to start spread betting and share trading with CMC Markets. If you’re ready to start trading, click the button below.
View CMC Markets Review >>Visit CMC Markets>>
The top pick for the best CFD forex currency pairs platform is offered by IG Markets. For UK traders, IG supports 80 forex pairs on their award-winning platforms. IG Markets offers the best CFD trading platform to trade currency-based CFDs based on three factors:
Trade with the world’s No.1 spread betting and CFD provider
Note* With IG, you can spread bet and trade CFDs on over 17,000 financial instruments.
UK customers of the IG Markets can choose between a wide range of CFD trading platforms. However, the most popular CFD trading platforms used by UK traders are IG’s proprietary Webtrader and the MetaTrader 4 powered by IG’s price technology.
IG’s online trading platform features are listed below:
Additionally, IG’s MetaTrader 4 platform come with a range of free technical indicators and add-ons that helps UK forex traders analyse the price movements of their favourite currency pairs. IG offers for free the following technical analysis tools and add-ons:
Overall, among all UK forex brokers we compared, IG Markets is the best broker for forex currency pairs trading. The IG’s retail investor accounts can be funded with a minimum deposit of GBP 250. Start trading now with one of the best CFD trading platforms for forex trading by clicking the button below.
View IG Markets Review >>Visit IG >>
The best-suited forex broker for you will depend on the software, pricing structure (commission vs no-commission spreads), trading tools among other features. Pepperstone is often considered the best broker with FCA regulation, tight spreads, and the best trading platforms. To find out more, you can view the Top 10 Forex Brokers in the UK, click here.
To avoid forex scams, it’s vital to sign up to a regulated broker. In the UK, the Financial Conduct Authority (FCA) provides licenses to brokers accepting retail clients.
Click here to view the Top FCA Regulated Brokers.
The Financial Conduct Authority in the UK’s main body that regulates financial markets and retail brokers. The regulator actively monitors brokers to ensure all required investor protections are being provided to traders, and that the broker is following all UK forex trading rules.
The main takeaways from this CFD trading platform UK review are that there is various trading software available for trading Contract for Difference (CFDs). You can safely use our CFD platform comparison to find the UK brokers that offer the tools for your trading style.
Additionally, before you choose your preferred CFD platform, make sure the broker has listed your CFD instruments and they are available for trading.
Risk Warning: All CFD platforms reviewed abide by the ESMA restriction rules imposed on CFD trading.
Justin Grossbard has been investing for the past 20 years and writing for the past 10. He co-founded Compare Forex Brokers in 2014 after working with the foreign exchange trading industry for several years. He also founded a number of FinTech and digital startups including Innovate Online and SMS Comparison. Justin holds a Masters Degree and an Honours in Commerce from Monash University. He and his wife Paula live in Melbourne, Australia with his son and Siberian cat. In his spare time, he watches Australian Rules Football and invests on global markets.