Arrow-to-top

Best CFD Trading Apps in the UK 2024

checked icon Fact checked

Claire Maumo is a financial writer and editor at InvestingGuide. She specializes in content strategy, SEO, and social media. Claire also mentors traders and encourages community engagement. Follow her for expert insights on trading.

Ritesh A. is a dynamic and engaging presence in the trading world. Learn from his experience and become a financially independent pro trader.

Advertising Disclosure

We may receive compensation from our partners for placement of their products or services, which helps to maintain our site. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products.

CFD trading apps have revolutionized how trading is done in the UK, making it possible to engage in the market without needing a desktop device. However, with leverage involved in CFD trading, the potential for significant losses is real. Therefore, it’s crucial to use a reliable app to monitor your trading activity and make informed decisions. This is where InvestingGuide experts come in. We leave no stone unturned when it comes to researching and recommending the best apps for CFD trading in the UK, drawing on decades of experience. Trust our guidance to make well-informed choices and enhance your trading experience.

Contracts for Difference (CFD) trading is a high-risk, high-reward strategy in the financial world. As technology evolves, staying updated with the latest trends is essential, and having the best CFD trading app UK can help you do just that. These apps make it easier to manage and track your CFD positions, even when you’re on the go.

With hundreds of CFD trading apps available in the UK, choosing the right one can be overwhelming. To simplify this process, we’ve done the research for you. Below, you’ll find our curated list of the top CFD trading apps. Whether you’re new to CFD trading or an experienced trader, our recommendations will help you find the right app for your needs.

List of the Best CFD Trading Apps

  • Pepperstone – Best App For Spread Betting
  • Plus500* – Overall Best CFD Trading App in the UK
  • AvaTrade – Best CFD Trading App For MetaTrader Users
  • XTB – Beginner-Friendly CFD Trading App in the UK
  • eToro – Top CFD Trading App for Social Trading
  • FxPro – Best CFD Trading App For Professionals

Note: 80% of CFD retail accounts lose money with this provider

In This Guide

CFD Trading Apps UK: Comparison Table

Coming up with this list of the best CFD trading apps in the UK was a detailed and extensive process for us. Our research involved testing and comparing as many CFD trading apps UK as possible, looking into various aspects including security features, platform performance, costs, support service reliability, and the availability of demo accounts.

To ensure our recommendations are unbiased, we also incorporated user feedback into our evaluation. We gathered insights from Google Play, the App Store, and Trustpilot, analyzing both positive and negative reviews to understand each app’s strengths and weaknesses from a user perspective.

See our comparison table below, highlighting the features that made these CFD trading apps for UK clients stand out.

Best CFD Trading AppLicenceSupport ServiceSoftwarePayment MethodDemo AccountMoney Insurance
PepperstoneFCA, ASIC, FSCA, DFSA, CySEC, CMA, SCB, BaFin24/7TradingView, MT4, MT5, cTrader, Pepperstone Trading Platform, Social tradingVisa, Mastercard, Bank transfer, Neteller, Skrill, PayPalYesYes (up to £85,000)
Plus500*

80% of retail investor accounts lose money when trading CFDs with this provider.

FSRA, FCA, SCA, CySEC, ASIC, FSCA, MAS, FSA, SCA24/7Plus500 Webtrader, Plus500 ProBank Wire Transfer, Credit/debit cards, Paypal, SkrillYesYes (up to £85,000)
AvaTradeFSRA, FCA, SCA, CySEC, ASIC, CIRO, FSCA24/5MT4, MT5, AvaSocial, DupliTrade, AvaOptions, AvaTradeGOBank transfers, Skrill, WebMoney, Neteller, credit/debit cardsYesYes (up to $1,000,000)
XTBDFSA, SCA, FCA24/5xStation Mobile, xStation 5Credit/debit cards, Bank Transfers, SkrillYesYes (up to £85,000)
eToroFCA, CySEC, FSCA, ASIC, SFSA ADGM, MFSA, FSAS, GFSC, SEC24/5eToro investing platform and app, Multi-asset platform, Social Trading, Copy Trader, Smart PortfoliosCredit/ debit cards, Bank transfer, Klarna, PayPal, Skrill, NetellerYesYes (up to $250,000)
FxProFCA, CySEC, FSCA, SCB, FSCM24/5FXPro Trading Platform, MetaTrader 4, MetaTrader 5, cTraderWire transfers, Credit/debit cards, PayPal, Neteller, SkrillYesYes (up to £85,000)

Apps Short Overview

When choosing a CFD trading app in the UK, it’s important to consider not just the features, but also your budget and the range of assets available. The app should fit your budget to avoid overspending and should include the instruments you prefer, whether that’s forex, shares, commodities, cryptocurrencies, or others.

We understand how challenging it can be to compare CFD trading apps’ fee structures and asset offerings. That’s why we’ve done the legwork for you. Check out the tables below, where we have highlighted those key details to help you make informed choices.

Fees

Best CFD Trading App Minimum Deposit RequirementCommission/SpreadsDeposits/WithdrawalsInactivity Fee
Pepperstone£0From 0.0 pipsFree£0
Plus500*£100From 0.0 pipsFree£10 monthly
AvaTrade£100From 0.13%Free£50 quarterly
XTB£0From 0.1 pipsFree£10 monthly
eToro£100From 2 pips£5 withdrawal£10 monthly
FxPro£100From 0.0 pipsFree£10 one-off maintenance fee

Note: 80% of CFD retail accounts lose money with this provider

Assets

Best CFD Trading AppStocksForexCryptocurrenciesCommoditiesIndicesETFsOptions
PepperstoneYesYesYesYesYesYesNo
Plus500*YesYesYesYesYesYesYes
AvaTradeYesYesYesYesYesYesYes
XTBYesYesYesYesYesYesNo
eToroYesYesYesYesYesYesNo
FxProYesYesYesYesYesYesNo

Note: 80% of CFD retail accounts lose money with this provider

Our Expert’s Opinion about the Best CFD Trading Apps

Our CFD app tests and comparisons were comprehensive, and we left no stone unturned to ensure we selected the best. All the apps featured here are licensed and regulated by the Financial Conduct Authority (FCA) and are transparent about their charges, so you won’t encounter hidden costs that could impact your budget.

Below, you’ll find concise reviews of our top CFD trading apps in the UK. We aim to provide you with a clear understanding of each app’s features, helping you make an informed choice.

1. Pepperstone – Best App For Spread Betting

Pepperstone is another trading app that impressed us, especially when it comes to spread betting. It is among the few brokers that support this feature, and its quality resources make it stand out among its competitors. From our experience, the app has no minimum deposit requirement for accessing its features. Plus, all deposits are free, and it hosts quality learning materials. A demo account is also provided to gauge your skill level before making a commitment. 

We discovered over 2,400 spread betting instruments at the Pepperstone app. These include forex, indices, shares, commodities, and more. You can spread bet on these assets while incurring low spreads, starting from 0.0 pips on major currency pairs. And the best part is that users have access to multiple platforms to maximise their experience and platforms. The platforms include MT4, MT5, TradingView, and cTrader. Each platform has its unique features to suit every trader’s needs. For instance, you will enjoy social trading, automated trading, powerful charting tools, and more. 

Pepperstone

✔24/7 customer support
✔No inactivity fees

trustpilor logo
2,831 User Reviews
google
4,490 User Reviews
apple
130 User Reviews
investingguide logo
Our Rating
Total Rating:
7,451 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • A user-friendly and modern design app that is compatible with iOS and Android mobile devices
  • Quality learning and market analysis tools
  • Low spread betting fees, starting from 0.0 pips
  • No minimum deposit requirement for UK clients

Cons

  • Lists limited number of instruments compared to its peers
  • No buying and taking ownership of the supported instruments

After evaluating Pepperstone, we opened a trading account for conducting extensive tests. The process was quick and easy.

But what impressed us most was the Pepperstone minimum deposit requirement. This platform has no minimum deposit, which makes it ideal for low-budget and high-budget traders. If you are a beginner, joining this broker is advisable since you can start with a low amount and increase your stakes with time. To top it off, Pepperstone supports free deposits and withdrawals. This broker allows you to use diverse payment methods for free, from Visa debit and credit cards to PayPal and domestic bank transfers.

When it comes to spreads and commissions, Pepperstone is very cost-friendly. You can open a Razor account with this broker and enjoy 20 commission-free trades. Pepperstone’s Standard accounts also have zero commissions. On the other hand, spreads start from as low as 0.0 pips for forex pairs like EUR/USD and 0.5 for commodities like XAUUSD.

Finally, unlike most of its peers, Pepperstone charges zero inactivity fees. However, any positions you hold overnight with this platform are subject to swap rates. Visit Pepperstone’s pricing page for a detailed account of how this broker calculated swap rates for different financial instruments.

The Pepperstone trading platform gives traders access to over 90 FX pairs and 1200+ CFDs on different assets, including shares, indices, and commodities. UK traders can access all the products that this broker offers. But, to minimize losses, prioritize trading assets you are familiar with. If there’s an alien instrument you’d like to try, learn its fundamentals before risking your money.

Here’s an overview of Pepperstone’s products:

  • Forex: You can trade diverse currency pairs with Pepperstone, including majors, minors, exotics, and crosses. This trading platform promises to fulfill all FX exchange trades fully, without requotes or partial executions.
  • Commodities: Pepperstone users can trade CFDs on popular commodities like crude oil, natural gas, silver, and gold. This broker doesn’t have rollovers or expiry for CFD commodities.
  • Indices: With a Pepperstone account, you can speculate on the price movements of indices like JPN225, UK100, and US500. This platform supports leverage trading, meaning you won’t need large sums to open sizable positions while trading CFDs on indices.
  • Currency indices: You can use the Pepperstone trading platform to trade popular currency indices like EURX, USDX, and JPYX. However, note that some of these instruments have high spreads.
  • Shares: If you want to trade shares CFDs, Pepperstone is the platform to choose. It offers CFDs on shares from different corners of the globe, from the UK to Germany and the US.
  • ETFs: Pepperstone supports over 100 ETFs. You can trade CFDs on these assets and profit from rising and falling prices. The ETFs available on this platform follow the performance of diverse sectors, from technology and energy to mining and bonds markets.

2. Plus500 – Overall Best CFD Trading App in the UK

Among the CFD trading apps we reviewed in the UK, Plus500 stands out as one of the best. Its user-friendly and customizable platform makes it ideal for beginners, while more experienced traders can take advantage of the app’s Professional Trading account, which offers higher leverage limits up to 1:300. This flexibility in leverage can be a significant advantage for those looking to maximize their trading potential.

Getting started at Plus500 requires a minimum deposit of £100 for UK clients. The app charges no commissions on assets, only spreads, which are notably low, starting from 0.0 pips on major currency pairs. Plus500 offers access to over 2,000 CFD instruments, covering forex, shares, commodities, indices, and more. Additionally, the app supports multiple languages and provides 24/7 professional customer support.

Note: 80% of CFD retail accounts lose money with this provider. Your capital is at risk.

Plus500

✔User-friendly interface
✔Zero deposit and withdrawal fees

Visit site
80% of retail investor accounts lose money when trading CFDs with this provider.
Read review
trustpilor logo
14,136 User Reviews
google
109,000 User Reviews
apple
5,200 User Reviews
investingguide logo
Our Rating
Total Rating:
128,336 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • A reliable and responsive 24/7 support service via phone, email, and live chat
  • Commission-free traders with spreads from 0.0 pips
  • A user-friendly and modern-design trading app
  • Multiple global payment methods for transactions

Cons

  • Its £10 monthly inactivity fee kicks in after three months
  • Features only CFD instruments

Brokers need to generate revenue and cover operating costs. That’s why many have fees and commissions. Sadly, high charges can undermine your profitability in the long run. That’s why looking for an affordable service provider is necessary.

With that in mind, we evaluated Plus500 fees UK. The process was easy since this broker values transparency. Our team was impressed by the fact that the trading platform doesn’t charge a dime for most services. First, opening an account is free. Deposits and withdrawals also attract zero charges. Furthermore, the broker offers free live CFD prices and dynamic charts. But note that the Plus500 minimum deposit UK is £100.

Plus500 primary source of compensation is the spread. While trading with this platform, you’ll have to cover the spread whenever you open a position. Your costs will depend on various factors, including your preferred instrument and current market conditions.

This broker also charges overnight funding and currency conversion fees. The former fee kicks in whenever you keep a position open overnight. On the other hand, you have to cover currency conversion fees whenever you interact with any currency besides your account’s base currency. Lastly, dormant Plus500 accounts attract a £10 monthly inactivity fee.

The Plus500 trading platform is primarily for CFD traders in the UK. As we’ve already mentioned, this broker supports CFDs across over 2800 tradable instruments, including:

  • Indices: Plus500 allows you to trade popular indices like US-TECH 100, France 40, and S&P 500. While trading index CFDs with this broker, you can magnify your positions with leverages of up to 1:20. You also get around-the-clock support and free real-time quotes.
  • Forex:  The Plus500 trading platform boasts 60+ currency pairs as CFDs. That includes popular instruments like EUR/USD, GBP/USD, and AUD/USD. As a forex trader, Plus500 offers flexible leverages as high as 1:30.
  • Commodities: If you’d like to trade popular commodity CFDs and enhance your trading experience with flexible leverages, check out Plus500. This platform supports CFDs on commodities like gold, silver, oil, and natural gas. This product category offers leverages of up to 1:20.
  • Shares: Plus500 is one of the best platforms for trading share CFDs. With a Plus500 account, you can access CFDs on shares from global markets like the UK, Germany, and the US. The available shares include popular options like NVIDIA, Apple, and Meta. Plus500’s shares CFDs come with up to 1:5 leverage and no stamp duty.
  • Options: If you’re looking for a good platform for trading options CFDs, look no further than Plus500. This broker supports call and put options on diverse options, from Meta to oil and Germany 40. Options trading on Plus500 comes with flexible leverage, up to 1:5.
  • ETFs: As a Plus500 platform user, you can trade many popular ETFs as CFDs, including GLD Gold, iShares Silver, and USO-Oil Fund. You can also elevate your trading with leverages as high as 1:5 and razor-sharp spreads with zero commissions.

3. AvaTrade – Best CFD Trading App For MetaTrader Users

For MetaTrader users in the UK, we highly recommend the AvaTradeGO app. Its user-friendly and customizable platform makes navigating the financial landscape straightforward and efficient. AvaTradeGO’s MT4 and MT5 platforms host advanced resources that enhance your trading experience and help you maximize your potential. Additionally, the app features other platforms, including DupliTrade, ZuluTrade, and AvaSocial for social and copy trading, automated trading, and AvaOptions. 

AvaTradeGO requires a minimum deposit of just £100 and offers fee-free transactions with spreads starting from 0.13% on major currency pairs. For beginners, the broker provides a wealth of educational resources and a virtually funded demo account, allowing you to test the app’s performance before committing.

AvaTrade

✔Free deposits and withdrawals
✔Beginner-friendly user interface

trustpilor logo
2,549 User Reviews
google
10,200 User Reviews
apple
26 User Reviews
investingguide logo
Our Rating
Total Rating:
12,775 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • A highly rated app by users on Google Play, the App Store, and Trustpilot
  • Features automated trading and is compatible with Expert Advisors
  • Low spreads for UK CFD traders, starting from 0.13% pips
  • Quality trading resources on its MT4 and MT5 platforms

Cons

  • Limited asset offerings compared to its peers
  • Has a £50 inactivity fee that kicks in after only three months

Before going any further, note that there’s an AvaTrade minimum deposit requirement for UK traders. Fundamentally, this service provider requires Britons to fund their account with at least £100 while using supported payment methods like wire transfer, credit card, and e-payment. You should keep that in mind while funding your trading account.

That aside, while evaluating AvaTrade, we discovered that this broker has numerous fees and costs. For starters, it requires dormant account holders to pay a £50 inactivity fee. It kicks in after 3 successive months of dormancy, and the broker charges it after every 3 months.

Additionally, dormant AvaTrade accounts incur a £100 annual administration fee that takes effect after 12 months of inactivity. Not to forget, while trading with AvaTrade, you’ll have to cover an overnight premium whenever you keep a position open after the stipulated overnight funding time, which is 22:00 GMT.

Regarding spreads and commissions, AvaTrade is one of the most affordable brokers in the UK. With this platform, you will enjoy reasonable spreads starting from 0.13% while trading popular instruments like Tesla and Amazon shares are involved. AvaTrade doesn’t require traders to cover any commissions. The broker uses the Bid-Ask spread to compensate itself.

AvaTrade offers 1,250+ financial instruments. With this broker, you can trade everything from FX pairs to CFDs on stocks and indices. Here’s a detailed overview of all of the products offered by AvaTrade:

  • Forex pairs: AvaTrade allows users to trade over 60 currency pairs 24/5. Popular options range from GBP/USD and EUR/USD to EUR/GBP and USD/JPY. The platform also offers other minor and exotic pairs like GBP/NZD, USD/CLP, and GBP/SGD. Some of these instruments have tight spreads starting from 0.9 pips.
  • Cryptocurrencies: If you are a crypto enthusiast, you can use an AvaTrade account to trade CFDs on a wide variety of assets, including Bitcoin, Ethereum, and Stellar.
  • ETFs: AvaTrade supports CFD trading on popular ETFs like the MSCI EAFE Index Fund, the Energy Select Sector SPDR, and the iShares U.S. Aerospace & Defense ETF. All of the available ETFs have a 0.13% spread.
  • Stocks: Upon opening an AvaTrade account, you will get the opportunity to trade CFDs on stocks associated with respected companies like Google, Apple, and American Express.
  • Bonds: AvaTrade allows clients to trade CFDs on European, US, and Asian government bonds. Available products include EURO-BUND and JAPAN GOVT BOND.
  • Commodities: If you are interested in commodity trading, sign up for AvaTrade. You’ll have an uncapped opportunity to trade CFDs on hard commodities like gold and soft commodities like corn.
  • Indices: You can trade index CFDs on AvaTrade and avoid the hassle of analysing the performance of individual company stocks. The index-related products offered here range from the Cannabis Index to the US100 Index.

4. XTB – Beginner-Friendly CFD Trading App in the UK

Beginners will find XTB a reliable CFD trading app for various reasons. First, it is one of the most cost-effective options available. The xStation Mobile app requires no minimum deposit, and trading costs are low, starting at just 0.1 pips. Additionally, XTB does not charge deposit or withdrawal fees, making it an ideal choice for those on a tight budget who want to start CFD trading in the UK without overspending. The app’s user-friendly, modern design also ensures a smooth and engaging trading experience.

XTB offers a wide range of instruments, including forex, shares, commodities, indices, and more. With over 5,800 options, you can easily explore new markets and diversify your portfolio. While XTB does not support third-party platforms, its xStation 5 and xStation Mobile provide reliable trading tools. Additionally, XTB’s professional customer support team is available to assist you whenever needed.

XTB

✔5,700+ financial instruments
✔No minimum deposit requirement

trustpilor logo
1,342 User Reviews
google
65,300 User Reviews
apple
997 User Reviews
investingguide logo
Our Rating
Total Rating:
67,639 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • No minimum deposit requirement
  • Low trading fees
  • A user-friendly and intuitive design app
  • Excellent selection of research and learning materials
  • A highly rated xStation mobile app on Google Play, the App Store, and Trustpilot

Cons

  • Features only CFD instruments
  • No third-party platforms like TradingView and MT4

XTB is a cost-effective trading platform. We used a live account to assess its fees and commissions. The first applaudable aspect we noticed is setting up an account with this broker is quick and easy. Furthermore, there’s no set XTB minimum deposit requirement, and the platform supports free transactions. When it comes to withdrawals, transactions above £50 are free.

That aside, we noticed various mandates on the XTB UK trading platform during our exploration. For starters, this entity has a £10 minimum order requirement for shares from companies like the Associated British Food PLC. Additionally, it requires users to cover a 0.5% conversion fee while trading with anything besides the base currency.

Not to forget, XTB charges different spreads for different instruments and requires traders who hold open positions to cover swap costs.

XTB users can access thousands of financial instruments, from 3,000+ shares to countless currency pairs. Most of these are CFDs, meaning you can speculate on their prices without owning the underlying assets.

Here’s an overview of what we found out while exploring the assets offered on this trading platform:

  • Stocks: XTB allows users to invest in real, commission-free shares from established companies like Amazon, Tesla, and Netflix. You can use one XTB account to access shares from over 16 major global exchanges. If you don’t plan on becoming a shareholder, you can trade stock CFDs on XTB and profit from speculation.
  • ETFs: This broker offers over 300 ETFs from around the globe. The best part is that it allows users to invest in real ETFs without being subjected to commissions. Investors can rake in monthly turnovers of up to £100,000 from buying and selling ETFs without worrying about additional fees undermining profitability. Additionally, the XTB trading platform allows users to trade ETF CFDs.
  • Forex: XTB gives users access to 48+ currency pairs, including GPB/USD, USD/CAD, and EUR/GBP. These instruments come with tight spreads starting from 0.1 pips for popular pairs. Moreover, this broker supports FX micro lot trading, making it ideal for beginners and low-budget forex traders.
  • Indices: With an XTB account, you can access indices from China, Germany, the US, and other regions. Standard options range from UK100 and US30 to FRA40 and EU50. You can also maximise profitability with flexible leverages of up to 20:1 and transparent rollovers.
  • Commodities: A wide variety of commodities is available on XTB, including gold, oil, and corn. You can trade CFDs on these instruments 24 hours a day from your PC, smartphone, or tablet.

5. eToro – Top CFD Trading App for Social Trading

For UK CFD traders who value social trading features, eToro is an excellent choice. Its award-winning CopyTrader platform allows you to engage with a global community of CFD traders. You can follow and replicate the trades of top professionals, giving you the opportunity to benefit from their expertise and potentially increase your profit.

eToro’s trading app is user-friendly and secure, featuring two-factor authentication and strong password protection. We appreciate its responsive support team, which effectively addresses user concerns. The app offers a diverse range of over 5,000 assets, including forex, shares, commodities, cryptocurrencies, indices, and more. While the app has a low minimum deposit requirement of £100 for UK traders, its trading charges are relatively high compared to those of its peers.

eToro

✔5000+ financial instruments
✔Cost-free deposits

Visit site
{etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider.
Read review
trustpilor logo
5 User Reviews
google
143,000 User Reviews
apple
9,500 User Reviews
investingguide logo
Our Rating
Total Rating:
152,505 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • Low minimum deposit requirement of £100 for UK clients
  • Numerous learning materials, including articles, guides, eBooks, recorded videos, and more
  • Free and instant deposits
  • Commission-free stock trading

Cons

  • A £5 withdrawal fee applies
  • High trading costs compared to its peers

If there’s anything that can eat away at your profit margins, it’s unnecessary costs. Thankfully, eToro fees UK are reasonable and pocket-friendly. We acquired a new account without paying a single cent, which was quite a relief. We also noticed that you can enjoy free deposits by using USD. That said, eToro supports many other currencies, including GBP, EUR, and RMB.

You will incur conversion fees if you use any currency other than USD. And if you use any currency that eToro doesn’t support, you must pay conversion fees to your payment provider. The exact conversion fees you may incur at any moment will depend on various factors, including your preferred currency and payment method.

Please note that eToro subjects each withdrawal request to a £5 fee. The platform uses this money to pay expenses arising from international money transfers. Most importantly, you can’t withdraw less than £30 from the eToro trading platform.

While depositing money into our account, we noticed that eToro has strict minimum deposit requirements. Britons using this platform have to deposit at least £100 the first time. Afterwards, you can fund your account with as little as £10, depending on your preferred payment method.

Commission-wise, eToro is very friendly to people who trade ETFs or invest in real stocks since the broker charges 0% for these assets. On the other hand, if you buy or sell crypto on this platform, expect to pay a 1% fee. CFD trading also attracts variable spreads depending on the involved instruments. For instance, the spreads for currencies and commodities start from 1 pip and 2 pips, respectively.

Not to forget, eToro charges a £10 monthly inactivity fee that kicks in after 12 months of dormancy.

eToro has 5,000+ product offerings. Finding something that fits your trading goals won’t be a problem with this platform. And the best part is this broker allows you to trade and invest in different assets. Here’s an overview of the products we encounter while evaluating eToro:

  • Stocks: eToro supports 4900+ stocks. As an eToro account holder, you can trade or invest in stocks from popular companies like Apple, Alphabet, and Microsoft.
  • Cryptocurrencies: Over 100 digital currencies are available on the eToro trading platform. They range from BTC and LTC to ETH and SOL. You can trade CFDs on these currencies or buy the assets and hold them in your eToro crypto wallet.
  • ETFs: eToro allows traders and investors to diversify their portfolios with ETFs and CFDs on ETFs. In other words, this platform lets you either buy exchange-traded funds or trade these assets as CFDs without owning the underlying assets.
  • Indices: We found a rich selection of top indices on eToro, including USDOLLAR, SPX500, and NSDQ100. You can trade CFDs on such instruments and profit from rising or falling prices.
  • Commodities: If you love trading commodity CFDs, eToro won’t disappoint. This platform offers 30+ popular commodities, including Gold, Oil, Palladium, and Corn.
  • Currencies: Joining eToro gives you the opportunity to trade CFDs on different currency pairs, from GBP/USD and USD/JPY to GBP/CHF and EUR/CAD. You can also buy and sell FX pairs on this trading platform.

6. FxPro – Best CFD Trading App For Professionals

FxPro is an excellent choice for professional traders in the UK for several reasons. The app features multiple advanced trading platforms, including cTrader, TradingView, MT4, and MT5, all equipped with high-quality market analysis tools. Additionally, FxPro is known for its rapid trade execution, allowing traders to swiftly enter and exit positions without missing out on potentially profitable opportunities.

FxPro Mobile App is compatible with both iOS and Android devices. It is supported by a professional customer service team that provides effective solutions to enhance your trading experience. In addition to being regulated by the FCA, FxPro maintains the highest levels of personal data encryption using the 2-step authentication, passcode and fingerprint setting options. You will have access to over 2,100 CFD instruments across six asset classes, including forex, shares, commodities, indices, cryptos, and futures.

FxPro

✔User-friendly platform
✔Low minimum deposit requirement for UK clients

trustpilor logo
526 User Reviews
google
2,560 User Reviews
apple
487 User Reviews
investingguide logo
Our Rating
Total Rating:
3,573 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • Low minimum deposit requirement
  • Hosts multiple trading platforms, including the cTrader, MT4, MT5, and TradingView
  • Excellent and responsive support service via phone, email, and live chat
  • Hosts extensive selection of market research and learning materials

Cons

  • Supports only CFD instruments
  • It has a $10 monthly inactivity fee that kicks in after only six months

From our broker analysis and comparisons, we find FxPro to be one of the most affordable brokers for Ul clients. For starters, this broker has a free account opening procedure that takes minutes to complete. Moreover, it has a £1000 minimum deposit requirement, though you can deposit as little as £100. And when it comes to transaction costs, FxPro doesn’t impose any. We believe this makes it suitable for newbies who are sceptical about spending a lot of money and low-budget traders.

When it comes to trading charges, FxPro imposes low fees compared to other brokerage firms. For instance, forex trading attracts low fees, starting from 0.0 pips on major currency pairs. However, expect to incur additional costs for positions left overnight. There is also an inactivity fee of £10 monthly should your account remain dormant for over six months.

FxPro UK lists over 2,100 CFD instruments to trade. These include shares, forex, metals, indices, energy, and futures. While we like trading these assets, its offering is limited compared to most of its peers. Let’s break down these offerings so you can fully understand what to expect. 

  • Forex: Forex trading at FxPro gives you access to 70+ currency pairs, including major, minor, and exotic. You will enjoy fast trade execution with low spreads starting from 0.0 pips.
  • Shares: We also discovered thousands of shares to trade on this broker’s platform. These include popular options like Google, Meta, Apple, Barclays, Starbucks, and more.
  • Indices: Popular indices across Europe, America, and Asia are available to trade as CFDs. You can trade this asset on multiple platforms, including MT4, MT5, FxPro Edge, and cTrader.
  • Futures: For those who prefer trading futures, FxPro offers endless opportunities. Futures are a popular investment method that allows traders to speculate on the value of a range of commodities, indices, and energy.
  • Energy: You can also trade popular spot energy commodities like Natural Gas and Brent Oil. These are ideal instruments for short-term trading and portfolio diversification.
  • Metals: If you are passionate about metals like gold, palladium, platinum, silver, copper, and lead, FxPro is your one-stop platform. The best part is that you can explore them on a platform of your choice while incurring low charges.

CFD Trading in the UK

CFD Trading in the UK

CFD (Contract for Difference) trading is a type of derivative trading where you speculate on the price movements of various financial assets without actually owning them. Instead of buying physical assets, you predict whether the price of an asset will rise or fall, allowing you to potentially profit from both upward and downward movements.

In essence, CFD trading involves buying or selling a contract based on the anticipated price change of an asset. You benefit from the difference between the opening and closing prices of the CFD position without being required to buy or sell the underlying asset itself.

CFD trading is popular in the UK and is accessible to anyone over the age of 18. The market is regulated by the Financial Conduct Authority (FCA), which ensures that brokers comply with strict rules to protect traders and prevent financial misconduct, such as money laundering.

Achieving success in CFD trading requires diligent market analysis and the use of reliable trading tools. With a broker or CFD app like the ones we recommend above, you will have quality tools for this purpose. When applying leverage, ensure you risk funds you are comfortable losing. Most importantly, apply risk management controls like stop-loss and take-profit orders. 

What is a CFD Trading App?

What is a CFD Trading App?

A CFD trading app is a mobile software or application that allows you to trade CFD instruments directly using your Android or iOS mobile device. Similar to web-based platforms, CFD trading apps give you access to a wide range of CFD securities, including shares, currencies, cryptos, indices, and more. They enable you to speculate on price movements and profit from the differences in asset prices.

The best CFD trading apps are provided by brokers licensed and regulated by top-tier authorities like the UK’s Financial Conduct Authority (FCA). This ensures traders are protected and trade in a secure environment. Additionally, top CFD trading apps offer a user-friendly interface, and quality resources, to enhance your trading experience. We’ll guide you on how to select the best app for your needs, so continue reading for more insights.

How to Choose the Best CFD Trading App UK

It is important to prioritise your trading requirements when selecting the best CFD trading apps in the UK. Relying solely on recommendations from friends or family could lead to poor choices. Instead, consider the following factors to make an informed decision:

Licences/Regulations
Trading Platform
Trading and Non-Trading Charges
Asset Offerings
Customer Service
User Testimonials

Choose a CFD trading app from a broker regulated by the Financial Conduct Authority (FCA). This ensures your funds are secure and you are trading in a trustworthy environment. Avoid apps that are not FCA-regulated, as they may expose you to potential fraud and unreliable service.

The best app for CFD trading should be user-friendly and easily navigable for a smooth trading experience. Check for the availability of research and learning materials and ensure they fit your skill level. For new CFD traders, choose an app with a demo account so it will be easier for you to explore the CFD market and gauge your skill level in a risk-free environment.

Set a budget before starting CFD trading to avoid overspending. Compare the apps based on minimum deposit requirements, commissions/spreads, inactivity fees, transaction costs, and more. Each CFD trading app has its own fee structure to suit every CFD trader’s requirements.

Choose a CFD trading app UK that offers the CFD instruments you’re interested in, such as forex, shares, commodities, or indices. With most FCA-regulated apps typically provide a broad range of asset classes, allowing you to diversify your portfolio and explore various options.

Effective customer service is crucial for navigating the complexities of CFD trading. Look for apps with responsive support, whether they offer 24/7 assistance or support during business hours. Evaluate their efficiency based on response times and how well they resolve issues. Also, ensure the communication channels used are convenient for you.

Visit Google Play, the App Store, and Trustpilot to analyse user comments and ratings. This will give you insights into an app’s features and services from a user perspective. These insights can provide valuable information about the app’s performance and user satisfaction.

How to Sign up for an Account with a CFD App UK

Creating a CFD trading account with a CFD app in the UK is a simple process. Before you select an app, ensure you learn about the CFD markets and select a security you are familiar with. Once you’ve picked an app from our recommendations, follow these straightforward steps to set up your trading account:

Step 1: Visit your app’s official website
Step 2: Sign up for an account
Step 3: Verify your identity and address
Step 4: Deposit money into your account
Step 5: Trade CFDs

After choosing a CFD trading app UK from our recommendations list , click on any of the links we have shared to quickly access its website. On the site, understand its terms of service and install the app on your Android or iOS device. You can then use your desktop or mobile device to sign up for a trading account by following the on-screen instructions.

Complete the registration process by providing your personal details. These may include a valid email or mobile number, name, date of birth, region, source of income, and more. Most service providers will also require you to set a unique username and password to secure your account. Ensure you share accurate details to avoid having your account suspended later on.

To verify your identity, submit a photo or a copy of the required proof of identity documents. For FCA-regulated trading apps in the UK, this can be your driver’s licence or government-issued national ID card. Your app provider may also request proof of address documents like recent bank statements. The verification process may take time, so use this period to familiarize yourself with CFD trading while you wait for a confirmation email.

Deposit funds into your account using any of the supported payment methods. For our recommended trading apps in the UK, you can transact using credit/debit cards, e-wallets, or bank transfers. Your app’s provider will confirm your deposit and automatically redirect you to the list of assets available for trading.

Once your account is funded, you can start trading. Choose your preferred CFD instruments and open a position. If you are applying leverage, understand the risks first, as a volatile move in the opposite direction can leave you with massive losses. Apply risk management controls provided by your CFD app’s provider. This can help you mitigate massive losses in case a trade works out against you.

Conclusion

CFD trading can be highly profitable, especially when leveraging well-crafted strategies. However, understand that leverage can also leave you with massive losses. Approach CFD trading with caution and only invest money you can afford to lose. Before diving into live trading, start by learning how CFD trading works and the risks involved. Then, utilise an app’s demo account to develop your skills and gain confidence.

Embracing mobile trading through reliable CFD trading apps, such as those we have recommended, can enhance your trading experience. These apps allow you to manage your trades effectively, even while on the go.

Leave a Reply

Your email address will not be published. Required fields are marked *