Trading in Contracts For Difference (CFDs) is becoming increasingly popular. Combining financial leverage and lower commission fees makes CFDs attractive to beginner and advanced traders alike.
What was once a fringe alternative to other more mainstream online trading platforms has now come into its own as a popular way for investors to trade the world’s financial markets? The following are some of the best CFD brokers in 2022:
London Capital Group
London Capital Group is a global CFD broker that provides traders with access to the major markets of Europe, Asia, and the United States. Their innovative web-based trading platform is designed for beginners and advanced traders who can take advantage of their award-winning customer service team.
Along with the usual tools of technical analysis one expects from an online trading platform, London Capital Group offers more advanced features such as Level II quotes for fast market research. They are one of the few brokers in 2022 on our list that accepts traders outside of Europe due to stringent regulatory requirements.
Saxo Bank is a Danish investment bank that offers a suite of online trading platforms to help traders trade the markets from anywhere in the world. Their web-based platform, SaxoTraderGO, provides access to financial markets from over 20 countries and includes asset classes such as equities, futures, forex, bonds, and CFDs.
In addition to their web-based platform, they offer mobile applications for iOS and Android devices. Saxo Bank allows traders from all across the world, including the United States, on most of their products with some exceptions on account opening due to regulatory requirements outside of Europe.
Varengold Bank is a German investment bank specializing in high net worth individuals who want to invest in CFDs and other financial products. With a focus on the very wealthy, Varengold Bank offers a wide range of research produced by their team of analysts from around the world along with dedicated customer service for those who require it.
In addition to their advanced trading products, they offer access to more traditional investment vehicles such as stocks, bonds, ETFs, mutual funds, hedge funds and futures contracts within Germany and across Europe.
Vitol is an Anglo-Dutch multinational energy and commodity trading company that has been around since 1969. Their first online trading platform launched in 2017, offering traders on-demand market information with desktop platforms available for download on Windows computers along with mobile apps for iOS devices.
They also provide regular news and research produced by their in-house team for those looking to stay on top of the markets. Vitol allows clients from across the world, including countries like the United States and Australia. Still, they do not accept Chinese and Japanese traders due to regulatory requirements outside of Europe.
BNY Mellon is a global investment bank that focuses on providing an excellent customer service experience for its clients with detailed market information and innovative web tools. With web trading platforms available for beginners and professionals alike through their One Source Trading platform, BNY Mellon provides access to significant financial assets such as stocks, futures contracts, ETFs, currencies, CFDs and more.
They provide tailored solutions for high net worth investors with different account types depending on your market experience. BNY Mellon allows traders worldwide, including countries like China and Japan. Still, they do not accept traders with residency in Australia due to regulatory requirements outside of Europe.
AvaTrade is an Irish online trading broker that offers a wide range of financial assets to trade. Their web-based platform, AvaTraderGO, provides access to both primary and exotic financial instruments through their easy-to-use interface, including Level 2 data for fast market research.
Along with the usual tools of technical analysis one expects from an online trading platform, AvaTrade offers more advanced features such as live streaming news feeds and customizable price alerts. They’re regulated by top tier independent regulators such as the FCA ensuring your money is safe at all times with segregated accounts where necessary. AvaTrade allows traders from over 150 countries, including China and Japan but not Australia, due to the regulatory requirements of Europe.