Broker reviews

Fee rating:

3.3/5

Negative balance protection:

Yes

Regulation and security:

3.6/5

Ease of account opening:

3.1/5

Fee rating:

3/5

Negative balance protection:

Yes

Regulation and security:

3.3/5

Ease of account opening:

3.4/5

Fee rating:

3.2/5

Negative balance protection:

No

Regulation and security:

3.3/5

Ease of account opening:

3.1/5

CFDs and leveraged forex trading carry a high level of risk and may result in losses exceeding your initial investment. Make sure you understand the risks and consider whether leveraged trading is suitable for you before opening an account.

Fee rating:

3.2/5

Negative balance protection:

Yes

Regulation and security:

3.8/5

Ease of account opening:

3.7/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

4/5

Negative balance protection:

Yes

Regulation and security:

4/5

Ease of account opening:

4/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

3.2/5

Negative balance protection:

No

Regulation and security:

3.4/5

Ease of account opening:

3.5/5

Investing in securities, including equities, funds, and margin-traded positions, carries risk of loss. Margin trading amplifies both potential gains and potential losses. You should consider whether you understand how these products work and whether you can afford to take the risk of losing part or all of your invested capital.

Fee rating:

3.5/5

Negative balance protection:

No

Regulation and security:

3.9/5

Ease of account opening:

4.2/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The large majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

3.5/5

Negative balance protection:

No

Regulation and security:

3.5/5

Ease of account opening:

3.2/5

CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Make sure you understand how CFDs work and can afford the risk of losing your money.

Fee rating:

3/5

Negative balance protection:

No

Regulation and security:

3.5/5

Ease of account opening:

3.3/5

CFD trading carries a high risk of rapid losses, especially when using leverage. Make sure you understand how CFDs work and only trade with money you can afford to lose. Around 70–80% of retail CFD traders typically lose money when trading CFDs.

Fee rating:

4/5

Negative balance protection:

No

Regulation and security:

4/5

Ease of account opening:

4/5

CFDs involve significant risk, particularly when leverage is used, and losses can occur quickly. Before trading, make sure you understand how these products work and assess whether you can afford to lose the money you invest.

Fee rating:

3.4/5

Negative balance protection:

Yes

Regulation and security:

4/5

Ease of account opening:

3.3/5

CFDs are complex, leveraged products that carry a high risk of rapid financial loss. **74–89% of retail CFD accounts lose money when trading with this broker.** Make sure you understand how CFDs work and consider whether you can afford the significant risk of losing your money.

Fee rating:

3.5/5

Negative balance protection:

Yes

Regulation and security:

3.5/5

Ease of account opening:

3.3/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.26% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money when trading with TMGM.

Fee rating:

3.5/5

Negative balance protection:

No

Regulation and security:

5/5

Ease of account opening:

4.8/5

Forex and margin-based trading involve significant risk, including leverage, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency. The specific percentage of retail investor accounts lose money when trading CFDs with this provider. Forex accounts are not protected by the Securities Investor Protection Corporation (SIPC). You should consider whether you understand how these products work and whether you can afford the high risk of losing your money.

Fee rating:

4/5

Negative balance protection:

No

Regulation and security:

4/5

Ease of account opening:

3.9/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 52% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

4/5

Negative balance protection:

Yes

Regulation and security:

4/5

Ease of account opening:

4.3/5

CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs and spread bets with providers of this type. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Fee rating:

4/5

Negative balance protection:

Yes

Regulation and security:

4.9/5

Ease of account opening:

4.2/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

3/5

Negative balance protection:

No

Regulation and security:

3.2/5

Ease of account opening:

3/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74–89% of retail investor accounts lose money when trading CFDs with providers of this type. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

4/5

Negative balance protection:

Yes

Regulation and security:

4/5

Ease of account opening:

4.3/5

Trading CFDs and forex carries a significant risk of loss and is not suitable for all investors. 84.69% of retail investor accounts lose money when trading CFDs with NAGA. Past performance is not indicative of future results. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

4/5

Negative balance protection:

Yes

Regulation and security:

4.3/5

Ease of account opening:

4.4/5

Trading CFDs and forex carries a significant risk of loss and is not suitable for all investors. 74% of retail investor accounts lose money when trading CFDs with easyMarkets. Past performance is not indicative of future results. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

3/5

Negative balance protection:

Yes

Regulation and security:

4/5

Ease of account opening:

4/5

Trading CFDs and forex carries a significant risk of loss and is not suitable for all investors. 81% of retail investor accounts lose money when trading CFDs with LiteFinance. Past performance is not indicative of future results. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

4/5

Negative balance protection:

Yes

Regulation and security:

4/5

Ease of account opening:

4/5

Trading CFDs and leveraged forex products involves a high level of risk and may result in the loss of all or part of your invested capital, as leverage can amplify both gains and losses. 74–89% of retail investor accounts lose money when trading CFDs with this provider. Depending on the entity you are onboarded under, investor protections and compensation schemes may be limited compared to top-tier regulators. You should fully understand the risks, assess your financial situation and experience level.

Fee rating:

4/5

Negative balance protection:

Yes

Regulation and security:

4/5

Ease of account opening:

4/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74–89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

4/5

Negative balance protection:

No

Regulation and security:

4.4/5

Ease of account opening:

4.5/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

4/5

Negative balance protection:

Yes

Regulation and security:

4/5

Ease of account opening:

4/5

Trading forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. 74.94% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Fee rating:

4/5

Negative balance protection:

Yes

Regulation and security:

4/5

Ease of account opening:

5/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.48% of retail investor accounts lose money when trading CFDs with Capital.com. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

3.5/5

Negative balance protection:

Yes

Regulation and security:

3.5/5

Ease of account opening:

4/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 56% of retail investor accounts lose money when trading CFDs with Darwinex, depending on the regulated entity. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

Fee rating:

3.5/5

Negative balance protection:

Yes

Regulation and security:

4.5/5

Ease of account opening:

4/5

Trading in leveraged products such as forex and CFDs carries a high level of risk and may not be suitable for all investors. 68.22% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Fee rating:

4.5/5

Negative balance protection:

Yes

Regulation and security:

4/5

Ease of account opening:

4/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70–76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

4/5

Negative balance protection:

Yes

Regulation and security:

4.8/5

Ease of account opening:

4.5/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

4.8/5

Negative balance protection:

Yes

Regulation and security:

4/5

Ease of account opening:

4.5/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

4.5/5

Negative balance protection:

Yes

Regulation and security:

5/5

Ease of account opening:

4.6/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68–80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

4/5

Negative balance protection:

Yes

Regulation and security:

4.7/5

Ease of account opening:

5/5

CFDs are leveraged products and involve a high level of risk. 76% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

Fee rating:

5/5

Negative balance protection:

Yes

Regulation and security:

4/5

Ease of account opening:

4.5/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with Tickmill. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

4/5

Negative balance protection:

Yes

Regulation and security:

4/5

Ease of account opening:

5/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

4/5

Negative balance protection:

Yes

Regulation and security:

4/5

Ease of account opening:

4.5/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65–80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

4/5

Negative balance protection:

Yes

Regulation and security:

4/5

Ease of account opening:

4.5/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65–80% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

3/5

Negative balance protection:

Yes

Regulation and security:

4/5

Ease of account opening:

5/5

Trading CFDs and forex carries a significant risk of loss and is not suitable for all investors. 70.78% of retail investor accounts lose money when trading CFDs with Deriv. Past performance is not indicative of future results. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

5/5

Negative balance protection:

Yes

Regulation and security:

5/5

Ease of account opening:

4.9/5

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when spread betting and/or trading CFDs with CMC Markets. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Fee rating:

4.3/5

Negative balance protection:

Yes

Regulation and security:

4.9/5

Ease of account opening:

4.7/5

Trading in financial instruments involves a high risk of loss. 59.7% of retail investor accounts lose money when trading CFDs and leveraged products. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Fee rating:

4.1/5

Negative balance protection:

Yes

Regulation and security:

4.8/5

Ease of account opening:

4.3/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

4/5

Negative balance protection:

Yes

Regulation and security:

5/5

Ease of account opening:

5/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.85% of retail investor accounts lose money when trading with this broker. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not indicative of future results.

Fee rating:

4/5

Negative balance protection:

Yes

Regulation and security:

4.6/5

Ease of account opening:

4.8/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74%-89% of retail investor accounts lose money when trading with this broker. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

4/5

Negative balance protection:

Yes

Regulation and security:

4.6/5

Ease of account opening:

4.8/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

4/5

Negative balance protection:

Yes

Regulation and security:

5/5

Ease of account opening:

4/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

4.5/5

Negative balance protection:

Yes

Regulation and security:

5/5

Ease of account opening:

4.5/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

4.7/5

Negative balance protection:

Yes

Regulation and security:

5/5

Ease of account opening:

4.6/5

CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Between 67%–74% of retail investor accounts lose money when trading CFDs. Please ensure you understand the risks involved.

Fee rating:

4/5

Negative balance protection:

Yes

Regulation and security:

5/5

Ease of account opening:

5/5

CFDs are complicated instruments which causes a high risk of losing money fast due to leverage. Around 71.43% of retail investor accounts lose money when trading CFDs with this provider. You should understand how CFDs work, and whether you are ready to take the high risk of losing your money.

Fee rating:

4.5/5

Negative balance protection:

Yes

Regulation and security:

5/5

Ease of account opening:

4.5/5

CFDs are complex leveraged instruments that carry a high risk of rapid financial loss. 69% of retail investor accounts lose money when trading CFDs with this provider. You should carefully assess whether you understand how CFDs operate and whether you can afford to take the substantial risk of losing your investment.

FXTM

4.3/5

Fee rating:

4/5

Negative balance protection:

Yes

Regulation and security:

5/5

Ease of account opening:

4/5

CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Approximately 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

4/5

Negative balance protection:

Yes

Regulation and security:

4.5/5

Ease of account opening:

5/5

Trading forex, CFDs, cryptocurrencies, and leveraged products involves a high level of risk and may not be suitable for all investors. Leveraged trading can amplify both profits and losses, and you may lose more than your initial investment. Always ensure you fully understand the risks involved, assess your financial situation carefully, and seek independent financial advice if necessary.

Fee rating:

5/5

Negative balance protection:

No

Regulation and security:

4/5

Ease of account opening:

4/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Pepperstone

4.8/5

Fee rating:

5/5

Negative balance protection:

No

Regulation and security:

4/5

Ease of account opening:

5/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fee rating:

4.5/5

Negative balance protection:

Yes

Regulation and security:

4.5/5

Ease of account opening:

5/5

CFD trading carries significant risk of loss. According to CFI Trade's own regulatory filings, 54% of retail investor accounts lose money when trading with this broker. While these figures are notably lower than the industry average of 74–89%, CFD trading still carries substantial risk of loss and is not suitable for all investors. You should carefully consider whether you can afford to take the high risk of losing your money before opening any live trading account.

Plus500

4.6/5

Fee rating:

4.5/5

Negative balance protection:

No

Regulation and security:

5/5

Ease of account opening:

4.5/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Approximately 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Octa

4/5

Fee rating:

3.5/5

Negative balance protection:

No

Regulation and security:

4.5/5

Ease of account opening:

4.5/5

Trading CFDs and leveraged forex products involves a high level of risk and may result in the loss of all or part of your invested capital, as leverage can amplify both gains and losses; depending on the regulatory jurisdiction under which you are onboarded, investor protections and compensation schemes may be limited compared to top-tier regulators, so it is important to fully understand the risks, assess your financial situation and experience level, and ensure you are comfortable with potential losses before engaging in trading.

BlackBull Markets

4.7/5

Fee rating:

5/5

Negative balance protection:

Yes

Regulation and security:

4.5/5

Ease of account opening:

5/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Approximately 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

FP Markets

4.4/5

Fee rating:

5/5

Negative balance protection:

Yes

Regulation and security:

5/5

Ease of account opening:

4.5/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Approximately 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

AvaTrade

4.6/5

Fee rating:

3/5

Negative balance protection:

Yes

Regulation and security:

5/5

Ease of account opening:

5/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Eightcap

4.3/5

Fee rating:

4.5/5

Negative balance protection:

Yes

Regulation and security:

4/5

Ease of account opening:

4.5/5

CFDs are leveraged products that carry a high level of risk and may not be suitable for all investors. Due to leverage, losses can occur quickly. 70% to 80% of retail investor accounts lose money when trading CFDs with this provider. Before trading, consider whether you fully understand how CFDs work and whether you are financially prepared to take the substantial risk of losing your capital.