The trend of trading in the financial market, contract for difference (CFD) trading has come where many people want to invest and want to earn through it exponentially. Therefore, as the subject became popular over time different organisations were established to provide those individuals the power to flexibly trade. As time flies the organisation equipped themselves with different special features and tools which are a plus point of using their platform for trading.
In this article, the top 9 best CFD trading Platforms in the UK are being listened to by critical factors. Also, the article will cover those platform’s utilisation Pros, and Cons and make you familiar with the features of their platform.
It is not about which platform you consider best, it is our duty to provide you with the best platform from which you can reliably, securely, and flexibly trade with the support of the platform itself.
Table of Contents
Factors to Consider When Choosing a CFD Trading Platform
User-friendly interface
It does not matter which platform we are searching for, It should always be user-friendly for its users to enjoy their surfing and can navigate their way inside their platform to do their tasks without thinking much about the layout. For the top 9 best trading platforms we have personally checked their website and then answered it for you in the feature and pros & cons section.
Range of tradable assets
As a trader having diversified ranges in tradable assets makes you guys enjoy your experience of trading. Therefore in the below list, we have put up those platforms that can provide you with a diverse range of trading options with other factors.
Fees and commissions
We have observed that the fee structure of a CFD trading platform is essential for managing your trading costs. So, out of the best we have provided the best platform which offers competitive spreads but may charge higher commissions or in some cases will not even charge.
Regulatory compliance
While trading security of the platform should be top-notch as you are putting your fortune in it. The platforms below are under the FCA financial conduct authority of the UK and some are licensed not just by the UK but US and other countries too.
Customer support and educational resources
in each platform, sometimes a glitch happens due to updates or sometimes a transaction failure happens in which your investment amount gets debited but not showing in the platform in those cases platform customer support works and supports you guys. SO it is important to have strong customer support on those platforms. Therefore, through customer reviews, we have checked their customer response rate and provided you with the best platform which will be there for you all the time.
Top 9 Best CFD Trading Platforms in the UK
1. Platform Name: Plus500 – Easy And Fast Demo Account opening in the UK
If you’re attracted to try the financial market of the UK but you’re scared of losing your hard-earned money then this CFD trading platform is perfect for you. It provides you with a demo account where you are awarded with pound of 50,000 with which you can experiment with various strategies and explore the platform and gain confidence before you enter into the real trading adventure.
Key Features
- The platform is made simple to give clients easy access and navigation.
- By chance your account balance is zero, it will not get below that and protect you from unwanted losses.
- The platform has a wide range of instruments such as Trade CFDs on Forex, stocks, commodities, and other related things.
Pros and Cons
Pros
- Demo trading account
- Provides access to leverage which amplifies your profit.
- Authorised by FCA in the UK
Cons
- They have a limited selection of order types.
- They do not allow algorithm trading systems.
- Their platform has limited research resources which makes them attract fewer beginners.
Ratings
As per FX Expire website Reviews, it is 4.3/5 stars.
2. Platform Name: eToro – CFD Trading for Beginners in the UK
Everyone wants to try trading however not every individual has the skills to do especially the beginners. If you are one of them then this trading platform will allow you to observe the price movements of various assets without you directly buying them. It would also help you to copy the steps of famous investors so that you can learn from them and grow in your career.
Key Features
- Their platform allows you to automatically copy the trades of successful investors on the platform.
- They connect with other traders in real time and you can ask them or share ideas.
- A virtual portfolio is a thing they have which is for practice trading of new investors to learn.
Pros and Cons
Pros
- Their platform lets you buy and sell actual stock and ETFs without commission.
- Their copy trading system makes you able to copy successful trading investors’ patterns.
- Their platform is user-friendly and promotes learning to attract beginner traders.
Cons
- They have high charges on their CFD trading compared to others.
- Their trader account does not protect you from going negative after hitting zero balance.
- Their customer support waiting time is longer than expected.
Ratings
As per Sterling Savvy reviews, it is 4.5/5 stars.
3. Platform Name: XTB – Cheapest CFD Brokers in UK
If you are interested in the field of trading but you do not have enough finances to invest into then you can try out this platform here as this platform only requires a minimum deposit of pounds 250 for both standard and premium accounts which is very much affordable for any individual. Also, the best part about this platform is that you do not need to give any Commission on Forex pairs, commodities, or indices.
Key Features
- They care for their customer so they have set no commission amount up to 100,000 EUR.
- They have a wide range of instruments
- The platform offers various learning resources for people so that they can learn and improve.
Pros and Cons
Pros
- They do not charge on their CFDs, stocks, or ETFs trading.
- They boast competitive spreads making it a cost-effective option.
- They conduct educational or learning programs digitally through their platform.
Cons
- They do not use advanced algorithm trading
- they do not have wide account types, and they believe in limited account types best quality.
- They mainly focus on CFDs and do not offer other investment products.
Ratings
As per ForexBrokers.com reviews, it is 5/5 stars.
4. Platform Name: SpreadEX – Best CFD Broker with No Minimum Deposit Requirement
You know that every platform requires a minimum deposit to use the trading features however, this platform has no minimum deposit policy which acts as their trump card. This feature attracts several new people to the trading world and helps them to get engaged in the financial world. Due to this policy, there are high chances of request trading which is why many of them also have educational resources and risk management tools for you to gain knowledge from.
Key Features
- This platform also has a wide range of instruments for trading
- The platform does not charge at first for starting trading.
- They are a secure trading platform as they are regulated by the financial conduct authority in the UK directly.
Pros and Cons
Pros
- Traders do not need to provide initial trading fees they can just start right away.
- they have a wide range of assets as they have access to over 10,000 CFDs.
- They also offer a betting system alongside CFDs and other resources.
Cons
- Spreadex does not have a diverse research team that can analyse the market.
- They offer lower leverage capped at 30.1 due to FCA regulations.
- They do not have a demo account beginner’s safe area.
Ratings
As per Investing.com, it is 4/5 stars.
5. Platform Name: Pepperstone – CFD Trading on 3 Different Platform
In the trading industry there are numerous best CFD brokers in UK who offer numerous benefits among them this platform is very famous. this is mainly because it empowers traders to try out new experiments in the financial world by offering them a huge variety of instruments across three platforms which are MetaTrader 4, MetaTrader 5, and cTrader.
Key Features
- They have a user-friendly platform and a large developer community which immediately addresses bugs.
- They have multiple types of traders inside their platforms like MT$, MT5, and Ctraders.
- They make sure after zero the account does not go negative and protect you from losses too.
Pros and Cons
Pros
- They have divided their platform into three popular platforms such as MT4, MT5, and Ctrader for trader’s convenience.
- They provide a wide range of instruments.
- They boast high-speed orders through technology.
Cons
- They do not provide educational material to learn.
- They do not have any special trading features like copy trade or anything like that.
- their platform might feel more complex to customers while using.
Ratings
As per the ForexBroker website, It is 4.5/5 stars.
6. Platform Name: AvaTrade – Best CFD brokers in the UK with a highly Rated Mobile App
If you are a trader you know that there are several Best CFD Trading platforms in the UK however among them, these platform stands out. This is mainly because it provides users with a user-friendly experience, high-rated mobile apps, and numerous features that can make your trading adventure smooth.
Key Features
- They have their own mobile app which is awarded for its overall performance.
- They provide a wide range of trading instruments
- They are also regulated directly by FCA and Segregated accounts.
Pros and Cons
Pros
- Their mobile app is highly praised among users for its user-friendliness.
- They have a wide range of CFDs
- They provide a wealth of educational resources among their users for trading insights.
Cons
- They do not have less MetaTrader support.
- They require a higher deposit amount compared to others.
- They do not have wide features in their platform.
Ratings
As per FX Empire, it is a 4.6/5 stars.
7. Platform Name: OANDA – Best CFD Brokers in UK with a Reliable Trading App
If you’re looking to start your trading career then you may have searched for the best CFO trading platform in the UK however you may have noticed that not every trading platform provides you with educational materials. This platform will provide you with all the necessary knowledge and online courses that can help you to get knowledge on trading from the ease of your home.
Key Features
- Their platform is very stable and intuitive making readers trading smoother.
- They place various order types directly from the app to reduce the risk.
- They are licensed by financial authorities in the US, UK, Canada and other countries.
Pros and Cons
Pros
- their platform is highly reliable and stable and praised by many users over their operations.
- OANDA offers transparency to its users regarding prices.
- They have a wide range of CFD around 70.
Cons
- They do not have a wide range of products to offer.
- They do not have special features too.
- They also charge their customer highly for each account type.
Ratings
As per Investopedia, it is a 3.9/5 stars.
8. Platform Name: City index – Best CFD broker for Research in the UK
If you are a trader or have some knowledge in this field you know that making the correct decision is very important. This platform boosts about 30 years of experience for their research resources which can be a treasure for your trading journey. They also make your trading journey easy by providing effective analysis techniques and tools.
Key Features
- They have a vast dedicated research team which do analytics and provides market commentary and educational content for traders’ knowledge.
- They have advanced charting tools with a wide range of technical indicators.
- Their platform is user-friendly and informative.
Pros and Cons
Pros
- Their research on market analysis or technological analysis certified its team as award-winning.
- They have connected their platform with financial news to stay updated.
- Their platform is highly user-friendly.
Cons
- The platform believes in research data and puts them up for traders as learning material which can be complicated for beginners
- their MetaTrader support is limited and might take time to deliver solutions,
- They demand higher deposits for their account type.
Ratings
As per ForexBroker’s website, it is 5/5 stars.
9. Platform Name: XM – CFD Trading on Three Different Platforms
If you’re looking for a platform that can provide you with all the features in one place then this platform can be the perfect one for you among the best CFD trading platform in the UK. This is mainly because they have several features to offer you like with a single click you can improve your efficiency, or you can analyze data and customize indicators, drawing tools on multiple frames, and so on.
Key Features
- Their platform can be accessed by any web browser from anywhere in the world without any software installation.
- They have made their platform user-friendly and navigational.
- They have essential analysis tools for market analysis.
Pros and Cons
Pros
- They execute each order with lighting speed accurately and precisely.
- they have leverage levels from which customers can choose their pocket-friendly level.
- They are under FCA UK authorities which makes them reliable platforms for trading.
Cons
- They do not have special features which can help traders more like the copy trading feature.
- their platform is made professionally so there are beginner interaction complexities.
- They do not provide learning materials so less inclined for beginners.
Ratings
As per Investing.com, it is a 4.9/5 stars.
Comparison Table
| Platform | Plus500 | eToro | XTB | SpreadEX | Pepperstone | AvaTrade | OANDA | City Index | XM |
| General Rating | ⭐4.3 | ⭐4.5 | ⭐5 | ⭐4 | ⭐4.5 | 4.6⭐ | ⭐3.9 | ⭐5 | ⭐4.9 |
| License | FCA, CySEC, ASIC, MAS, and FSA | ASIC, CySEC, FCA, and FSAS | FCA, KNF, and CNMV | FCA | FCA, ASIC, and DFSA | CBI, CySec, ASIC, BVIFSC, FSA, SAFSCA, ADGM, abdISA | FCA | FCA | CySec, ASIC, FSC, DFSA |
| Fee in GBP/USD | 0.000018 | 150PIPs | From 0.000018 PIPs | From 0.9 PTS | From 0.6 GBP | Free | N/A | Free | 0.19 |
| Minimum Deposit | $100 | $50 | No | No | $200 | $100 | No | $100 | $5 |
| Software | Plus500 Webtrader | eToro investing platform, Multi-asset platform, Copy Trader | xStation 5, xStation mobile | IPhone app, iPad app, Android app, Trading view | MetaTrader 4, metaTrader 5, cTrader, TradingView, Capitalise.ai, and Social Trading | MetaTrader 4, MetaTrader 5, Automated Trading, Mac Trading, AvaTradeGO, Avaoptions, Mobile Trading, AvaSDocial DupliTrade. | OANDA Trade web, OANDA Trade desktop, OANDA Trade mobile and tablet app, MetaTrader 4 | MetaTrader 4, WebTrader, Mobile App, Trading View | MetaTrader 4, MetaTrader 5 |
How to Choose the Right CFD Trading Platform for You
Assessing personal trading goals
- There are two types of traders long-term and short-term. So, determine what you are.
- There are strategies that determine one’s investment return. Clarify your risk tolerance as high risk high return and failure means you know.
Consideration of individual preferences
There are many kinds of trading so as a trader be clear about in which kind of trade you will be investing.
Additionally, trading platforms specialize in some trade asset classes so find the platform that specializes in your chosen trading type.
Using the comparison table to make an informed decision
We have created a comparison table above which consists of the information we have mentioned in these points you can go and check out the top 9 platforms’ specialization as per your trading factors and start whenever you feel like it. No need to fear as those platforms have educational resources and provide demo trading accounts for you.
Tips for Successful CFD trading in the UK
As a beginner or professional in the trading industry, you should know that platform have their pros and cons and they can help and support you but will not be able to save you from market losses. Also, there are point that makes a user CFD trading unsuccessful So read all the points to understand how to create a record of successful trading in CFDs.
Risk Management Strategies
- Being a conscious investor is good, always invest with capital you can afford to lose.
- Always remember that a platform leverage can amplify your profit but it can also magnify your losses.
- Do not get afraid of losses always try to learn from your mistakes and test out small amounts which is affordable for you.
Staying informed about market trends
- Today’s latest era platform provides market updates but use your own search abilities to stay updated on economic data and bank announcements.
- Search about the organisation you are going to invest in and make sure that the information is correct or not by yourself before investing.
- After investing monitor those investments regularly if possible. It will help you to strategies for your next investments.
Continuous learning and improvement
- Always use a demo account for learning through practical investment.
- Follow expert investors through the power of IoT.
Conclusion
As the world is evolving and financial marketing increasing day by day, people are more attracted to CFD trading and seeking exponential returns on their investments. In this article, we have listed the best CFD trading platform in the UK for you to choose your trading type specialized platform which can become your partner for long-term or short-term investments.
