Finxpd
    Facebook Twitter Instagram
    Finxpd
    • Home
    • Education
      • Cryptocurrencies
      • Stocks
      • Forex
      • Commodities
      • Economies
      • Investing
      • Technologies
      • Career Planning
    • Financial
      • Credit cards
      • Banking
      • Insurances
      • Retirement Planning
      • Taxes
      • Brokers
      • Regulations
      • Funds & Loans
    • Reviews
      • Popular Brokers
      • Popular Savings Accounts
      • Popular Credit Cards
      • Popular Personal Loans
      • Popular Student Loans
      • Popular Stocks
      • Popular Low Spread Brokers
      • Popular Insurances
    • Comparison
      • Broker
      • Stock Investment
      • Cryptocurrency Exchanges
      • Financial Advisors
    • About us
    • Contact
    Finxpd
    Home » Top 5 Popular CFD Trading Platforms in 2022
    CFD Trading Platforms
    Reviews

    Top 5 Popular CFD Trading Platforms in 2022

    July 29, 2022Updated:October 4, 20225 Mins Read118 Views
    Share
    Twitter LinkedIn

    Nowadays, CFDs are the best instrument for short-term trading and hedging. Therefore, demand for CFD trading continues to increase among both professional and retail traders. However, there are hundreds of options for CFD trading platforms, so it is difficult to choose the right one. Therefore, to aid you in your trading, Finxpd conducted an extensive review on them as follows.

    List of Contents

    eToro

    eToro Website

    Account Minimum: $10

    Fees: 1%

    Why We Selected It

    eToro is a newbie to the United States market. It provides a crypto exchange with 65 cryptocurrencies for trading, as well as an online brokerage platform with a limited range of equities and exchange-traded funds (ETFs). The CFD trading platforms has a clear pricing structure and an active user community. However, if you are searching for low-cost crypto exchange, be aware that eToro has quite high trading costs.

    Pros

    • Offering educational tools that are insightful
    • Cryptocurrency holdings could be exported off
    • Providing social investing to replicate the actions of renowned traders

    Cons

    • Not accessible in New York, Hawaii, Minnesota, and Nevada

    EXANTE

    EXANTE Website

    Account Minimum: $10,200

    Fees: U.S. stocks $0.02 per share, London $0.05 per share, Toronto $0.02 CAD, metals $3, futures $1.5, cryptocurrencies 0.5%

     

    Why We Selected It

    Exante is a next-generation investing platform that offers over 400,000 products from over 50 worldwide marketplaces. The platform provides a strong proprietary platform designed exclusively for professional trading. Although the minimum deposit is surprisingly large, you may also participate in professional trading with a wide variety of supported APIs. Additionally, Exante provides access to a diverse variety of marketplaces, including most of any European broker. It is likewise well-liked by both European and Asian dealers.

    Pros

    • Providing a very reliable and consistent trading platform
    • Offering more than 400,000 instruments

    Cons

    • Islamic accounts are not available
    • The minimum deposit is very high
    • The broker’s education and research areas are lacking

    Awonar

    Awonar Website

    Account Minimum: Not required

    Fees: Not charge

     

    Why We Selected It

    Awonar is the top social trading platform established on 2019. Its headquarter is located in Cyprus. The interesting point of Awonar is that it offers both investing in stocks and cryptocurrencies and trading CFDs with various underlying assets. Furthermore, Awonar has its trading platform, enabling traders to use social trading. Thus, traders can copy trading from other renowned traders. Additionally, traders are not only enabled to trade via computer, but also enable to trade via mobile phone since it has iOS and Android applications. Importantly, the overnight fees for holding orders across the day are very cheap when compare to others. If talking about the bonus, it is available for beginners at $50. Besides, trading fees and account minimum are not required. Finally, all of these outstanding points encourage us to consider it as one of the best CFD brokers in 2022.

    Pros

    • Trading fees are not required
    • Offering $50 bonus for beginners
    • Social trade fees are not required
    • Offering various underlying assets

    Cons

    • Live chat supports only the English language
    • Since the products are an underlying assets, the holding is not available.
    • The amount of assets may not be as much as the stock exchange

    BDSwiss

    BDSwiss Website

    Account Minimum: $100

    Fees: Depending on the trading account

     

    Why We Selected It

    BDSwiss was founded in 2012 and immediately launched on what is seen as an extraordinary development trajectory. While this broker presents itself as part of a global operating organization with Swiss holdings, the Cyprus Securities and Exchange Commission seems to be the major regulator (CySEC). Moreover, BDSwiss is also licensed by the Financial Services Commission of Mauritius, enabling the broker to provide more flexible leverage alternatives to non-EU clients. Importantly, the trading of Forex and commodities remains commission-free. The prices of commodities, indices, and stock CFDs are acceptable.

    Pros

    • MetaTrader 4 and MetaTrader 5 are available
    • Offering commission-free trading on certain instruments
    • No deposit fees

    Cons

    • Scalping are not allow
    • The instructional material of beginner lacks a capability for measuring progress
    • Inactivity charge required to pay

    XTB

    XTB Website

    Account Minimum: Not required

    Fees: Not charge

     

    Why We Selected It

    XTB is proven to be a compelling option to other CFD and Forex brokers due to its unique features. It is a hybrid of a market maker and an STP broker. Moreover, the selection includes more than 5,000 instruments. Up to 100,000 euros per month may be traded commission-free in real shares and ETFs, as well as CFDs on cryptocurrencies. The deposit insurance, which covers 90% of accounts up to 22,000 euros, is the most criticized aspect of the system. That is the absolute least that is imaginable.

    Pros

    • Free and speedy deposits and withdrawals
    • Lowest fees for forex trading
    • Offers account security

    Cons

    • Spread charges for stock CFDs are large
    • U.S. clients are not allowed
    • Unable to trade underlying assets such as equities, ETFs, and commodities

    Conclusion

    In short, the CFD trading platforms we mentioned above are just 5 of the many best CFD trading platforms. Importantly, each platform has its pros and cons depending on traders’ trading styles. Nevertheless, as we always tell you that investment has risk, so you should make your trading plans before investing.

     

    Related Articles:

    • 5 Best Online Brokers of June 2022 – Most Recommended
    • Fidelity Investment Review: The Best of Overall

    Read more: Popular Brokers

    Source: Forbes, Nerdwallet

    Popular Brokers
    Share. Twitter LinkedIn

    Related Posts

    Nationwide Pet Insurance Review : One of America’s Oldest and Largest

    January 27, 2023

    5 Best Penny Stocks to Buy in 2023

    January 27, 2023

    Top 7 Best Fintech Stocks to Buy in 2023

    January 16, 2023

    Top 7 Best Meme Stocks to Invest in 2023

    January 11, 2023
    POPULAR

    Yield Farming VS Staking: Which Is the Better Long-Term Investment?

    June 23, 2022

    The Differences between Investment and Speculation Investors Must Know

    June 8, 2022

    What is Cryptocurrency? (New Edition 2022)

    June 7, 2022
    Risk Disclaimer: Finxpd will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of Finxpd or its employees.

    Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review.

    Menu
    • Home
    • Education
    • Financial
    • Reviews
    • About us
    Top Insights
    Good APR for a Credit Card: The Important Thing to Know before Applying
    January 31, 2023
    Nationwide Pet Insurance Review : One of America’s Oldest and Largest
    January 27, 2023
    Twitter LinkedIn YouTube TikTok
    • Home
    • Education
    • Financial
    • Reviews
    • About us
    Copyright © Finxpd 2023. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.