The 7 Best CFD Trading Platforms in 2022 (UK)
Looking to get started trading online?
Trading apps will make it easy for you to begin trading from anywhere with your smartphone in no time. You don't even need a large amount of cash to get started. However, before you begin you should learn the basics and be aware of the risks
What are CFDs?
Contracts for difference, commonly known as CFDs are unregulated financial contracts that allow traders to speculate on the price movement of a financial asset without actually having to own that asset.
CFDs are sometimes described as ‘virtual shares’ because they are not owned by the trader, but rather the value of the CFD contract is based on the value of the underlying shares at the time the contract is created.
The most common derivative of a financial asset is the futures contract. This is based on a future trading date and is the reverse of the CFD. Futures contracts are more popular among professional traders who use them as a benchmarking tool or to hedge against a position.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
If you wish to learn more about this subject, then here are some courses to get you started.
In order to save you time and effort, I've made a detailed list of some of the best trading platforms available in the UK.
Disclaimer: Your capital is at risk. This information is for entertainment purposes only and is not to be taken as financial advice
This site contains affiliate links at no cost to you. I may receive a commission for purchases made through these links.
eToro
Start investing today and use your spare change to make money for you.
eToro allows you to make commission-free trades with 1000's of stocks including some of those from he world's biggest companies. You can also trade commodities and cryptocurrencies.
What makes eToro special is that it helps you learn through its social trading experience. You can communicate with other traders, and copy other traders with detailed information on their strategy and performance.
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Trading 212
Trading 212 is a highly regarded mobile trading platform that was founded in 2005. This is one of the more innovative trading companies operating today. They specialize in a full suite of trading services, with a focus on mobile trading. They provide a high-performance platform that has been designed for mobile users.
All trading information is presented efficiently and is designed in response to a mobile user’s trading needs. Through this, you can see all trading signals and market data at the same time.
What really makes this app special however, is the Pies and Auto Invest feature. This allows you to select a group of funds that can be automatically contributed to and rebalanced with just the click of z button.
Freetrade
Freetrade allows you to own fractional shares in over 6,000 stocks. This means that no matter how much money you have, you can get started in your investing journey, without having to grow large amounts of savings.
The app offers a simple interface that makes it easy for anyone to get started with investing.
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Plus 500
Plus500 is listed in the London Stock Exchange, and has over 14 years of experience in the CFD market and offers a variety of tools and methods for day traders to profit from market changes. It offers trading platforms and is regulated in the UK, and Australia. Meaning that it is a trustworthy platform to start trading with.
Plus500 offers a convenient way for traders to get started and has been recognised for its reliability and ease of use. It is easy to download and sign up to, and gives traders full access to a live streaming ticker. It offers a variety of trading tools for day traders to work with, including options and futures contracts.
Capital.com
Capital.com allows you to keep up with your investments in an easy and intuitive way, and includes a number of different features, from portfolio updates to share price charts. The interface is user-friendly and presents important data in an almost identical manner whether using a tablet, smartphone, or web browser.
The application also offers a great number of educational tools, including educational articles and tutorials. There is also the ability to keep a check on portfolio performance using indicators, which can be useful for those investors who wish to take their investments more proactively.
There are two main reasons to choose Money and Capital over other financial apps on the Apple app store. Firstly, the interface is slick and intuitive, but more importantly, the platform is highly reliable and, in the event of an incident, Money and Capital is available as an app, as well as a web portal. With several thousand apps on the app store, this is something that the other applications struggle
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Libertex
The Libertex platform is not only among the easiest ways to trade CFDs on the market but it also provides low fixed rates per trade unlike other providers that charge variable rates. You can get started with just a small amount of money.
Libertex review – Are you in?
IG Trading
IG makes access to CFDs extremely easy and convenient. Trading from the USA, Canada, Australia, and the UK can be done on IG's website or its mobile apps for iPhone, iPad, Android, and Windows phone. Both platforms are extremely user-friendly and have a great user interface. IG also provides a high level of integration with popular third party trading platforms