CFD Trading accounts are leveraged products and can result in losses that exceed your deposits. They may not be suitable for everyone. Please ensure you fully understand the risks and seek independent advice. Our tables are suitable for experienced investors only.

To find a CFD forex trading account you should think about the following:

  • The spread, which is the difference between the buy and sell price of a CFD.

  • Other charges, for example some accounts ask you to pay fees including commission, inactivity fees and cash withdrawal fees.

  • The platform you will trade on. Check it has the features you want and consider trying a demo account if the provider offers one.

  • Mobile apps, because these could be useful if you want to trade on the go.

The margin and size of the spread can vary widely between different accounts, so you should compare carefully. Remember that your capital is at risk and you could lose more money than you deposit.

Which currency pairs can you trade on?

You can use this comparison to check the size of the spread and margin offered for the following currency pairs:

  • Euro and pound (EUR/GBP)

  • US dollar to Japanese yen (USD/JPY)

  • Pound to US dollar (GBP/USD)

  • Euro and US dollar (EUR/USD)

If you want to trade on a currency pair not shown above, check each broker to see if they let you trade on the pair you want before you open an account.

CFD forex trading accounts FAQs

Q

How much money do I need to make a CFD trade?

A

It depends on the margin, as you can only make a trade if the amount in your account covers the margin needed for the trade.

Q

Can I lose more money than I deposit?

A

Yes, although your margin helps cover any losses you make, you could lose more that what is in your account.

Q

Do I pay tax on the profit?

A

You do not pay income tax on any profits, but you may have to pay Capital Gains Tax if you make a large profit.

About our CFD forex trading accounts comparison

Q

Who do we include in this comparison?

A

We include CFD forex trading accounts from our panel. They are either authorised and regulated by the Financial Conduct Authority (FCA), or a European regulator and listed on the FCA register as EEA authorised.

Here is more information about how our website works.

Q

How do we make money from our comparison?

A

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.

Q

How do we select our top CFD providers?

A

We display a range of providers that have completed due diligence and passed our compliance checks.