When it comes to trading the financial markets, contracts for difference (CFDs) have been a common pick for traders in the UK. CFDs provide traders the flexibility and chance to earn by speculating on the price fluctuations of the underlying assets without actually owning those assets. Yet, because there are so many possibilities, it may be challenging for you to compare them all and choose the best CFD broker. The top 10 CFD brokers in the UK for 2023, as ranked by Traders Union, will be covered in this article.
10 Best CFD Brokers in the UK
Traders Union experts conduct research and analysis on CFD brokers in the UK to provide traders with valuable insights and information. They consider various factors, such as the broker’s history, the number of years it has been in business, its regulatory status, and the range of trading instruments it offers. They also review the broker’s trading platform and tools, the quality of its customer service, and the fees and commissions it charges. Following are the top 10 CFD brokers in the UK according to the traders union announcement.
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1: eToro
eToro is a social trading platform that allows traders to follow and copy the trades of other successful traders. They also offer trading on a variety of instruments, including forex, shares, indices, commodities, and cryptocurrencies. eToro is regulated by the FCA and is known for its user-friendly interface and innovative trading features. The broker is governed by the FCA and provides a wide range of trading products, including equities, indices, and digital currencies.
2: Plus500
Plus500 is another popular CFD broker in the UK that offers to trade on various instruments, including forex, shares, indices, commodities, and cryptocurrencies. Plus500 is also regulated by the FCA and is known for its user-friendly platform and low trading fees. The FCA regulates the broker, which also provides several trading education resources.
3: CMC Markets
CMC Markets is a well-established CFD broker in the UK that offers trading on a wide range of instruments, including forex, shares, indices, commodities, and cryptocurrencies. They are regulated by the FCA and are known for their advanced trading platform and extensive educational resources.
4: IG
IG is a well-established and highly reputable CFD broker in the UK. They offer a wide range of trading instruments, including forex, shares, indices, commodities, and cryptocurrencies. IG is regulated by the Financial Conduct Authority (FCA) and has won multiple awards for its trading platform and services.
5: Pepperstone
Pepperstone is an Australian-based CFD broker that has a strong presence in the UK. They offer trading on various instruments, including forex, shares, indices, and commodities. Pepperstone is regulated by the FCA and is known for its low trading fees and fast execution speeds.
6: IC
IC Markets, which is recognized for its cheap spreads, minimal commissions, and rapid execution times, is the top-rated CFD broker in the UK. According to the traders union analyst, the broker is overseen by the UK’s Financial Conduct Authority (FCA) for traders’ extra security.
7: XM Group
XM Group, a well-known CFD broker in the UK, offers several trading platforms, large leverage, and competitive spreads. According to the traders union article, the broker is controlled by several organizations, including the FCA, and provides round-the-clock client service.
8: City Index
A respected CFD broker that provides a range of trading products, including indices, currencies, and other commodities. The broker is supervised by the FCA and provides a variety of trading systems, including MetaTrader 4.
9: AvaTrade
AvaTrade, a well-known CFD broker, offers a variety of trading products, including FX, metals, and virtual currencies. The broker is controlled by several organizations, including the FCA, and provides a variety of instructional materials for traders.
10: Admiral Markets
A prominent CFD broker, Admiral Markets offers a variety of trading products, including indices, currency, and commodities. The FCA regulates the broker, which also provides several trading education resources.
