Find Reviews of Forex, CFD and Spread Betting Brokers

Forex, CFD & Spread Betting Reviews

Reviews of FX, CFD and Spread Betting Brokers and Comparison Table
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City Index30:1 0.5City Index
Dukascopy200:10.1Dukascopy
easyMarkets30:1 3.0easyMarkets
ETX Capital30:10.6ETX Capital
FOREX.com30:11.4FOREX.com
FXCC30:10.1FXCC
FXGiants30:10.7FXGiants
FXTM30:11.3FXTM
GKFX30:10.7GKFX
IC Markets500:11.0IC Markets
IronFX30:10.5IronFX
ITRADER30:1 2.2ITRADER
Markets.com30:1 2.0Markets.com
NSFX30:13.0NSFX
Pepperstone30:11.0Pepperstone
Plus50030:12.0Plus500
RoboMarkets30:11.6RoboMarkets
Spread Co30:10.8 Spread Co
ThinkMarkets30:10.5ThinkMarkets
TitanFX500:11.0Titan FX
Trade36030:11.8Trade360
UFX30:12.0UFX
USGFX500:11.3USGFX
XM30:11.0XM
Z.com Trade30:11.0Z.com Trade

About Spread Betting and CFD Trading

Many brokers offer CFDs and/or Spread Betting. These products are both based around the movement of an asset's price. CFD trading is based around contracts to exchange the difference between the price of an asset at the beginning of the trade and its close.

In Spread Betting, the trader risks a certain sum on price movement, the amount of movement being the difference between the price of an asset at beginning of the trade and close, expressed in points or sometimes pips in Forex.

These products allow for higher leverage, but increasing leverage increases risk. Typically brokers may offer Spread Betting services, if they provide them, to residents of the UK and Ireland and CFDs to these and other nationals. In neither spread betting nor CFD trading does the trader own the underlying asset.

Maximum Leverage

Leverage can vary across markets, typically the highest spreads are for Forex and Indices and lower for Commodities and Equities.

Minimum Spread

In the table above, spreads are for Standard account types without commissions. Headline figures for spreads tend to refer to Forex spreads (as they do in the table above). Spreads can be fixed or variable. Fixed spreads may also vary depending on time and market conditions. Variable spreads may have a low average, but they can widen considerably at times, for example volatile market conditions around a news event. Some brokers may offer lower minimum spreads for accounts which require a higher minimum deposit.

Low fixed spreads are available from some brokers, but in common with dealing desk brokers whether offering fixed or variable spreads, there may be effectively or even explicitly restrictions on types of trading which aim to take advantage of low spreads.

Spreads can also be taken from the ECN (from the liquidity sources brokers use), meaning they may be very low, for example from 0 or close to 0, provided there is sufficient liquidity, but there will typically be a commission charge to pay for each side of a round turn trade. However these brokers can be friendly to scalpers and types of automated trading. They may also offer very low average spreads for Forex.

ECN and other brokers brokers may also offer STP (Straight Through Processing) spreads, where the spreads come from a liquidity provider, usually without dealing desk intervention, but have a mark-up from the broker and do not have an additional commission charge.