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CFD Trading Apps

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Written By
James Barra
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Written By
James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
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Edited By
Jemma Grist
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Edited By
Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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Fact Checked By
William Berg
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Fact Checked By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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Updated
Jul 24, 2024

Nowadays, investors have several platform options where they can trade contracts for difference – the most versatile being CFD trading apps. With their rise in popularity, new applications are entering the market all the time, making it increasingly hard to know how to find the best of the bunch. In this review, we’ll dive into what CFD trading apps are, how they work, their advantages and disadvantages, plus how to compare them. We’ve also listed the brokers offering the best CFD trading apps in 2024 below.

Top Brokers With CFD Trading Apps

These are the 10 top apps for trading CFDs based on our findings:

Click a broker for details
  1. 1
    DNA Markets
    Apps for iOS & Android
    Ratings
    3 / 5
    4 / 5
    4 / 5
    3.9 / 5
    3.5 / 5
    3.6 / 5
    1.8 / 5
    1.6 / 5
    4.8 / 5
    4.4 / 5
    $100
    0.01 Lots
    1:500
    ASIC
    CFDs, Forex, Indices, Commodities, Stocks, Crypto
    MT4, MT5
    Credit Card, Debit Card, Wire Transfer, BPAY, Skrill, Neteller, Bitcoin Payments, Bitwallet, AstroPay, Mastercard
    USD, EUR, GBP, CAD, AUD, NZD, SGD
    Go To DNA Markets
  2. 2
    IG
    Apps for iOS & Android
    Forex trading involves risk. Losses can exceed deposits.
    Ratings
    4.9 / 5
    4 / 5
    4.5 / 5
    3.5 / 5
    4.8 / 5
    4.5 / 5
    4.9 / 5
    5 / 5
    4.6 / 5
    4 / 5
    $0
    0.01 Lots
    1:30 (Retail), 1:250 (Pro)
    FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
    Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
    PayPal, Wire Transfer, Mastercard, Credit Card, Visa, Debit Card
    USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD
    Go To IG
  3. 3
    IQCent
    Apps for iOS & Android
    20% to 200% Deposit Bonus
    Ratings
    2.5 / 5
    3.3 / 5
    2.4 / 5
    4.3 / 5
    3.8 / 5
    2.5 / 5
    3 / 5
    2 / 5
    4.3 / 5
    4.1 / 5
    $250
    $0.01
    1:500
    IFMRRC
    Binary Options, CFDs, Forex, Indices, Commodities, Crypto
    Online Platform, TradingView
    Credit Card, Debit Card, Wire Transfer, Bitcoin Payments, Ethereum Payments, Visa, Mastercard
    USD, EUR
    Go To IQCent
  4. 4
    RedMars
    Apps for iOS & Android
    Ratings
    3.3 / 5
    3.5 / 5
    3.8 / 5
    3.5 / 5
    3.8 / 5
    4 / 5
    2.8 / 5
    3 / 5
    4.7 / 5
    4.6 / 5
    €250
    0.01 Lots
    1:30 (Retail), 1:500 (Pro)
    CySEC
    CFDs, Forex, Stocks, Indices, Commodities, Cryptos
    MT5
    Credit Card, Wire Transfer, Debit Card, Sticpay, FasaPay, Bitcoin Payments, Trustly, PayPal, Skrill, Neteller, Klarna, Mastercard, Visa
    USD, EUR
    Go To RedMars
  5. 5
    Interactive Brokers
    Apps for iOS & Android
    Ratings
    4.5 / 5
    3.5 / 5
    4.5 / 5
    4.3 / 5
    3.3 / 5
    3 / 5
    4.4 / 5
    4.3 / 5
    4.3 / 5
    4.5 / 5
    $0
    $100
    1:50
    FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA
    Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
    Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
    Cheque, ACH Transfer, Wire Transfer, Automated Customer Account Transfer Service, TransferWise, Debit Card
    USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF
    Go To Interactive Brokers
  6. 6
    Videforex
    Apps for Android
    20% to 200% Deposit Bonus
    $250
    $0.01
    1:500
    Binary Options, CFDs, Forex, Indices, Commodities, Crypto
    TradingView
    Skrill, Perfect Money, Bitcoin Payments, Neteller, Credit Card, Visa, Mastercard, Ethereum Payments
    USD, EUR, GBP, AUD, RUB
    Go To Videforex
  7. 7
    Plexytrade
    Apps for iOS & Android
    120% Cash Welcome Bonus
    Ratings
    1.5 / 5
    2.5 / 5
    2.5 / 5
    3.3 / 5
    2.5 / 5
    3.5 / 5
    0.5 / 5
    0.5 / 5
    4.8 / 5
    4.7 / 5
    $50
    0.01
    1:2000
    Unregulated
    CFDs, Forex, Indices, Stocks, Commodities, Crypto
    MT4, MT5
    Bitcoin Payments, Ethereum Payments
    USD, EUR
    Go To Plexytrade
  8. 8
    InstaTrade
    Apps for iOS & Android
    Ratings
    2.5 / 5
    3 / 5
    3 / 5
    3 / 5
    3.5 / 5
    3.5 / 5
    3.5 / 5
    3.3 / 5
    4.8 / 5
    4.4 / 5
    $1
    0.01
    1:1000
    BVI FSC
    FISP, CFDs, Forex, Stocks, Indices, Commodities, Cryptos, Futures
    InstaTrade Gear, MT4
    Visa, Mastercard, Wire Transfer, Credit Card, Debit Card, Bitcoin Payments, Ethereum Payments
    USD, EUR, RUB
    Go To InstaTrade
  9. 9
    BinaryCent
    Apps for iOS, Android
    20% - 200% deposit bonus
    $250
    $0.01
    1:500
    VFSC
    CFDs, Forex, Stocks, Cryptos, Options, Commodities
    Own
    Visa, Mastercard, Debit Card, Credit Card, Skrill, WebMoney, Neteller, Bitcoin Payments, Wire Transfer, Perfect Money, Ethereum Payments
    USD
    Go To BinaryCent
  10. 10
    World Forex
    Apps for iOS, Android + Web Browser
    100% Deposit Bonus
    $1
    0.01 Lots
    1:1000
    SVGFSA
    Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
    MT4, MT5
    Wire Transfer, Debit Card, Credit Card, Visa, Mastercard, Google Wallet, Apple Pay, Perfect Money, Bitcoin Payments, Volet
    USD, EUR, RUB
    Go To World Forex

Here is a short overview of each broker's pros and cons

  1. DNA Markets - Our initial disappointment with DNA Markets’ lack of a proprietary mobile app was quickly overshadowed by the impressive functionality of the MT4 and MT5 mobile apps. These platforms deliver a seamless trading experience akin to their desktop counterparts, with smooth charting and customizable features optimized for mobile use. The addition of push notifications and plentiful daily news accessible directly from your phone ensures you’re kept in the loop with key market updates.
  2. IG - IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user-friendly layout, access to full charting and a stable and reliable application. It also offers guaranteed stops – an important risk management tool not available on many apps we’ve tested.
  3. IQCent - IQCent offers mobile trading directly through major browsers with an intuitive design that we love. You can navigate your account, browse assets and trade binaries in a few clicks. Straightforward access to the copy trading feature at the bottom is also a bonus, alongside the interactive charts which you can pinch to zoom.
  4. RedMars - RedMars doesn’t offer a proprietary platform, which might be a consideration for beginners. The only choice is MetaTrader 5 (MT5), available for desktop, web, and mobile. The lack of support for MT4, cTrader, or TradingView is disappointing, with MT4 easier to use than MT5, cTrader sporting a more user-friendly interface, and TradingView proving excellent due to its advanced charting and community-sourced indicators.
  5. Interactive Brokers - The IBKR Mobile app, available on both iOS and Android devices, makes your phone a powerful gateway to your IBKR accounts, offering you the freedom to keep an eye on portfolios, initiate trades, and dive into real-time quotes and charts, all while managing your account activities on the fly. This app stands out for its intuitive design, making it especially welcoming for those just starting their trading journey, providing a smoother and more accessible experience than the more complex TWS platform.
  6. Videforex - Videforex stands out with its comprehensive and user-friendly mobile trading solution, offering short-term binaries across a wide range of assets. The web-accessible application is fast, intuitive, and perfect for beginners, complete with a helpful guide upon first use. Videforex’s ongoing enhancements, including the addition of candlestick charts for technical analysis, further enrich the user experience.
  7. Plexytrade - Rather than developing its own app, Plexytrade offers its 100+ instruments on the MT4 and MT5 mobile platforms. While MetaTrader is favored by experienced traders, the absence of a proprietary trading app results in a steep learning curve for beginners. It also means deposits, withdrawals and account management have to be completed through the Plexytrade website, leading to a less complete mobile trading experience.
  8. InstaTrade - InstaTrade offers its own app that’s been downloaded more than 2 million times and facilitates trading on its 300+ instruments from your palm. Fast, responsive and sporting a modern interface, it supports real-time quotes, an array of orders, and analytical tools. However, what stood out during testing was the ‘hot’ ideas and trading signals, helping investors find opportunities.
  9. BinaryCent - BinaryCent, like most binary brokers, doesn’t offer its own app – just trading through mobile browsers. In this instance, the result is an average workspace with relatively crisp graphics, one-tap trading and access to copy trading from the menu at the bottom. However, charts don’t optimize well when you turn the device horizontally and the pop-up promotions were distracting during testing, detracting from the overall user experience.
  10. World Forex - The WorldForex Trader Lite app offers very basic mobile trading capabilities. It took upwards of 30+ minutes just to get access to the trading app, with a frustrating process to open an account. The mobile interface itself has a subpar look and feel, encompassing basic charts and order windows. The other issue is that it’s slow and sometimes lags when you move between features and place trades. Ultimately, it trails category leaders.

CFD Trading Apps Comparison

CFD Trading Apps Comparison
Broker iOS Rating Android Rating Minimum Deposit Markets Leverage Regulators
DNA Markets logo
4.8 / 5 4.4 / 5 $100 CFDs, Forex, Indices, Commodities, Stocks, Crypto 1:500 ASIC
IG logo
4.6 / 5 4 / 5 $0 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting 1:30 (Retail), 1:250 (Pro) FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB
IQCent logo
4.3 / 5 4.1 / 5 $250 Binary Options, CFDs, Forex, Indices, Commodities, Crypto 1:500 IFMRRC
RedMars logo
4.7 / 5 4.6 / 5 €250 CFDs, Forex, Stocks, Indices, Commodities, Cryptos 1:30 (Retail), 1:500 (Pro) CySEC
Interactive Brokers logo
4.3 / 5 4.5 / 5 $0 Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies 1:50 FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA
Videforex logo
4.1 / 5 4.4 / 5 $250 Binary Options, CFDs, Forex, Indices, Commodities, Crypto 1:500 -
Plexytrade logo
4.8 / 5 4.7 / 5 $50 CFDs, Forex, Indices, Stocks, Commodities, Crypto 1:2000 Unregulated
InstaTrade logo
4.8 / 5 4.4 / 5 $1 FISP, CFDs, Forex, Stocks, Indices, Commodities, Cryptos, Futures 1:1000 BVI FSC
BinaryCent logo
3 / 5 3 / 5 $250 CFDs, Forex, Stocks, Cryptos, Options, Commodities 1:500 VFSC
World Forex logo
1.3 / 5 1.3 / 5 $1 Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts 1:1000 SVGFSA

DNA Markets

"DNA Markets is an excellent choice for short-term traders familiar with the MetaTrader platforms. The smooth sign-up process also makes it easy to get started while the $100 minimum deposit is accessible. That said, DNA Markets trails the top brokers in education, research and mobile trading. "

Jemma Grist, Reviewer

DNA Markets Quick Facts

FTSE Spread1.7
GBPUSD Spread1.0
Stocks Spread1.0 cent + $0.02 per share, per side (Apple)
Leverage1:500
RegulatorASIC
PlatformsMT4, MT5
Mobile AppsiOS & Android
iOS App Rating4.8 / 5
Android App Rating4.4 / 5
Demo AccountYes
InstrumentsCFDs, Forex, Indices, Commodities, Stocks, Crypto
Minimum Deposit$100
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, SGD

Pros

  • You can access low trading fees with spreads from 0.0 pips in the Raw account and zero non-trading fees
  • Convenient account funding is available with 7 base currencies, a $100 deposit and a wide range of payment methods
  • After a recent upgrade, there are now over 800 assets available to trade via CFDs, with a particularly impressive range of 120+ cryptos

Cons

  • Despite access to MT4 and MT5, there is no proprietary trading app for seamless account management whilst on the go
  • Although it continues to strengthen its client base and reputation, DNA Markets lacks the track record of top brokers like Vantage
  • Unlike many alternatives, there are limited educational and research tools for traders seeking an all-in-one solution
Visit DNA Markets
DNA Markets Review

IG

"IG continues to provide a comprehensive package with an intuitive web platform and best-in-class education for beginners, plus advanced charting tools, real-time data, and fast execution speeds for experienced day traders."

Christian Harris, Reviewer

IG Quick Facts

FTSE Spread1.0
GBPUSD Spread0.9
Stocks Spread0.02
Leverage1:30 (Retail), 1:250 (Pro)
RegulatorFCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB
PlatformsWeb, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
Mobile AppsiOS & Android
iOS App Rating4.6 / 5
Android App Rating4 / 5
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
Minimum Deposit$0
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD

Pros

  • IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis
  • The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for day trading
  • The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met

Cons

  • IG has discontinued its swap-free account, reducing its appeal to Islamic traders
  • While there is negative balance protection in the UK and EU, there is no account protection or guaranteed stop losses for US clients
  • Stock and CFD spreads still trail the cheapest brokers like CMC Markets based on tests
Visit IG
IG Review

IQCent

"IQCent will appeal to day traders looking for a straightforward binary options and CFD trading platform with low fees, a range of accounts, and copy trading. Getting started takes less than 1 minute and a $250 deposit. "

Jemma Grist, Reviewer

IQCent Quick Facts

Bonus Offer20% to 200% Deposit Bonus
FTSE Spread1.4
GBPUSD Spread0.8
Stocks SpreadN/A
Leverage1:500
RegulatorIFMRRC
PlatformsOnline Platform, TradingView
Mobile AppsiOS & Android
iOS App Rating4.3 / 5
Android App Rating4.1 / 5
Demo AccountYes
InstrumentsBinary Options, CFDs, Forex, Indices, Commodities, Crypto
Minimum Deposit$250
Account CurrenciesUSD, EUR

Pros

  • There's an accessible $0.01 minimum stake for new day traders with a small budget
  • Keen traders can take part in trading contests with cash prizes
  • CFD trading fees are competitive based on tests, including 0.7 pips on major forex pairs such as EUR/USD

Cons

  • IQCent trails binary brokers like Quotex with its narrow investment offering of around 100 assets with no stocks
  • There's no automated trading support for algo traders
  • The market analysis is very basic with limited technical summaries and insights from analysts
Visit IQCent
IQCent Review

RedMars

"RedMars is the best fit for experienced day traders familiar with the MetaTrader 5 platform and based in the EU, where the broker is authorized by the CySEC. However, the threadbare education and research tools make it unsuitable for beginners."

Christian Harris, Reviewer

RedMars Quick Facts

FTSE Spread15
GBPUSD Spread0.7
Stocks SpreadVariable
Leverage1:30 (Retail), 1:500 (Pro)
RegulatorCySEC
PlatformsMT5
Mobile AppsiOS & Android
iOS App Rating4.7 / 5
Android App Rating4.6 / 5
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Cryptos
Minimum Deposit€250
Account CurrenciesUSD, EUR

Pros

  • The broker is one of a limited number of firms to offer an account specially designed for VIPs with premium support and invites to exclusive events
  • RedMars offers one of the best platforms for day trading, MT5, hosting 21 timeframes, dozens of analytical tools, flexible templates and algo trading
  • Getting started on RedMars is incredibly easy - you can be up and running in just a few minutes based on tests

Cons

  • With just 300 instruments, RedMars offers a narrow trading environment, particularly compared to category leaders like BlackBull Markets which offers 26,000 assets
  • The no-frills trading environment offers little beyond the basics, with no Islamic account, PAMM account or copy trading.
  • While RedMars' spreads are within industry averages, they don't offer a significant edge over the cheapest day trading brokers we've personally used, notably IC Markets
Visit RedMars
RedMars Review

Interactive Brokers

"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."

Christian Harris, Reviewer

Interactive Brokers Quick Facts

FTSE Spread0.005% (£1 Min)
GBPUSD Spread0.08-0.20 bps x trade value
Stocks Spread0.003
Leverage1:50
RegulatorFCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA
PlatformsTrader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
Mobile AppsiOS & Android
iOS App Rating4.3 / 5
Android App Rating4.5 / 5
Demo AccountYes
InstrumentsStocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
Minimum Deposit$0
Account CurrenciesUSD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

Pros

  • While primarily geared towards experienced traders, IBKR has made moves to broaden its appeal in recent years, reducing its minimum deposit from $10,000 to $0.
  • There's a vast library of free or paid third-party research subscriptions catering to all types of traders, plus you can enjoy commission reimbursements from IBKR if you subscribe to Toggle AI.
  • The new IBKR Desktop platform takes the best of TWS while adding bespoke tools like Option Lattice and Screeners with MultiSort to create a genuinely impressive trading experience for day traders at every level.

Cons

  • IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
  • Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.
  • TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.
Visit Interactive Brokers
Interactive Brokers Review

Videforex

"Newer traders will find a lot to enjoy about trading binary options on Videforex's easy-to-use proprietary platform, as well as the broker's copy trading solution. Payouts also remain higher than most alternatives climbing to 98%."

William Berg, Reviewer

Videforex Quick Facts

Bonus Offer20% to 200% Deposit Bonus
FTSE SpreadFloating from 0.2
GBPUSD SpreadFloating from 0.1
Stocks SpreadNA
Leverage1:500
PlatformsTradingView
Mobile AppsAndroid
iOS App Rating4.1 / 5
Android App Rating4.4 / 5
Demo AccountYes
InstrumentsBinary Options, CFDs, Forex, Indices, Commodities, Crypto
Minimum Deposit$250
Account CurrenciesUSD, EUR, GBP, AUD, RUB

Pros

  • You can easily mirror the trades of experienced investors with low fees
  • Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, which is in line with competing brands like IQCent
  • Global clients can make free and fast transfers via a wide range of payment types, from credit cards to cryptocurrencies

Cons

  • No MetaTrader 4 integration
  • The broker isn’t overseen by a trusted regulatory agency
  • US clients aren’t accepted due to legal restrictions
Visit Videforex
Videforex Review

Plexytrade

"Plexytrade is a newcomer in the brokerage scene with attention-grabbing features like 1:2000 leverage, zero spreads on select instruments and fast execution speeds of less than 46 milliseconds. However, the absence of regulation is a significant concern, while the non-existent research and educational tools place it far behind industry frontrunners."

Christian Harris, Reviewer

Plexytrade Quick Facts

Bonus Offer120% Cash Welcome Bonus
FTSE Spread0.8
GBPUSD Spread0.8
Stocks Spread5
Leverage1:2000
RegulatorUnregulated
PlatformsMT4, MT5
Mobile AppsiOS & Android
iOS App Rating4.8 / 5
Android App Rating4.7 / 5
Demo AccountYes
InstrumentsCFDs, Forex, Indices, Stocks, Commodities, Crypto
Minimum Deposit$50
Account CurrenciesUSD, EUR

Pros

  • There are various VPS packages starting from $50 per month, but they become complimentary once specific deposit thresholds are reached.
  • US residents are accepted as clients, distinguishing Plexytrade as one of the rare offshore brokers that cater to US-based traders.
  • Despite lacking regulation, Plexytrade provides negative balance protection and reinforces safety protocols by holding client funds in segregated accounts.

Cons

  • There are no research and educational materials, falling short of alternatives like IG, while access to the economic calendar is restricted to clients with balances of $500.
  • Plexytrade lacks regulation in major jurisdictions, significantly increasing the risks of opening an account and depositing funds.
  • With around 100 instruments, Plexytrade restricts the flexibility of investors who prefer to trade across various assets, especially compared to Blackbull with its 26,000 securities.
Visit Plexytrade
Plexytrade Review

InstaTrade

"Although InstaTrade offers active trading on a comprehensive platform, it stands out with its fairly unique Fixed Income Structured Product (FISP), providing passive investment opportunities with up to 50% returns in 6 months if conditions are met. "

Christian Harris, Reviewer

InstaTrade Quick Facts

FTSE Spread660
GBPUSD Spread0.2
Stocks Spread8 (Apple Inc)
Leverage1:1000
RegulatorBVI FSC
PlatformsInstaTrade Gear, MT4
Mobile AppsiOS & Android
iOS App Rating4.8 / 5
Android App Rating4.4 / 5
Demo AccountYes
InstrumentsFISP, CFDs, Forex, Stocks, Indices, Commodities, Cryptos, Futures
Minimum Deposit$1
Account CurrenciesUSD, EUR, RUB

Pros

  • InstaTrade claims to "guarantee" returns through the structured element of its passive trading solution (FISP), with applications approved within 24 hours.
  • InstaTrade TV, consisting of video interviews and valuable market insights spanning equities, cryptos and more, helps identify opportunities and inform short-term trades.
  • Despite an average investment offering of around 300 assets, InstaTrade offers a particularly strong suite of currency pairs, catering to advanced traders seeking opportunities in volatile exotics.

Cons

  • Profits are only guaranteed in the FISP if investors do not reach the 50% profit level and attract other users with a total sum of $4 for each dollar in compensation.
  • InstaTrade is registered in the offshore jurisdiction of the British Virgin Islands, resulting in limited regulatory safeguards for retail investors.
  • InstaTrade’s growing educational tools provide valuable information for aspiring traders, but still trail category leaders like eToro with no structured course based on experience level.
Visit InstaTrade
InstaTrade Review

BinaryCent

"Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent."

Tobias Robinson, Reviewer

BinaryCent Quick Facts

Bonus Offer20% - 200% deposit bonus
FTSE SpreadFloating
GBPUSD SpreadFloating
Stocks SpreadFloating
Leverage1:500
RegulatorVFSC
PlatformsOwn
Mobile AppsiOS, Android
iOS App Rating3 / 5
Android App Rating3 / 5
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Cryptos, Options, Commodities
Minimum Deposit$250
Account CurrenciesUSD

Pros

  • Accepts a wide range of funding methods, including cryptos and e-wallets
  • Payouts up to 95% are higher than most competitors and increases profit potential
  • Trade binary contracts from $0.10 allowing trading opportunities for all budgets

Cons

  • The $250 minimum deposit is higher than most binary options brokers
  • Not overseen by any reputable regulator, raising risks and reducing customer protections
  • Not available to traders based in the US
Visit BinaryCent
BinaryCent Review

World Forex

"World Forex provides both highly leveraged CFDs and digital contracts, making this a good broker for clients who want flexible and rewarding ways to trade. The copy trading service will also appeal to newer traders."

Tobias Robinson, Reviewer

World Forex Quick Facts

Bonus Offer100% Deposit Bonus
FTSE SpreadNA
GBPUSD SpreadNA
Stocks SpreadFrom 0.03
Leverage1:1000
RegulatorSVGFSA
PlatformsMT4, MT5
Mobile AppsiOS, Android + Web Browser
iOS App Rating1.3 / 5
Android App Rating1.3 / 5
Demo AccountYes
InstrumentsForex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Minimum Deposit$1
Account CurrenciesUSD, EUR, RUB

Pros

  • STP/ECN technology
  • Demo account
  • VPS hosting

Cons

  • Withdrawal fees apply
  • No negative balance protection
  • Weak regulation
Visit World Forex
World Forex Review

What Is A CFD Trading App?

To start trading CFDs, you will need to use platform software provided by a broker. This can be accessed via desktop, web platform or mobile app. However, CFD trading using an application allows you to execute trades through a mobile device, such as a tablet or smartphone. CFD mobile trading has revolutionised traditional methods of investing, offering greater control on the go instead of being bound to your desktop.

The best CFD trading applications should offer the same tools, charts, services and markets with the same functionality as the web platform. However, this is not always the case as we will cover later.

How Do CFD Trading Apps Work?

CFD trading apps allow you to trade your chosen instruments with a mobile device wherever and whenever you want. Whether you’re investing from the UK, US or Australia, CFD trading apps offer global access to markets from one mobile trading platform. Your account usually accessed on your desktop should mirror the positions on your mobile app, making for seamless trading wherever you go.

The application will have the same interface as the desktop platform with mobile-optimized charting and technical analysis tools that are specifically designed for Android and iOS operating systems.

To start using a CFD trading app, you’ll need to download it through the app store of your choice. Once you’ve created a CFD trading account, you can explore the markets available and open long or short positions. Plus, you can set up trading alerts to receive in-app push notifications for instant updates on your trades and instruments. CFD trading app notifications allow you to monitor open positions on the platform and close them directly on the application.

Pros Of CFD Trading Apps

Cons Of CFD Trading Apps

How To Compare CFD Trading Apps

When it comes to choosing the best CFD trading apps, there are several factors to consider:

Compatibility

Before you open an account with a CFD trading app, you want to make sure their mobile platform is compatible with your tablet or smartphone. Check whether the application is suitable for an iOS or Android operating system and available for download on the App Store or Google Play Store.

Features

Each CFD trading app has unique features that will suit your personal trading style. Some may require a watchlist or specific order types, while some may need trading alerts or one-click execution. In particular, scalpers may want a selection of charts with up to one-minute timeframes.

Fees

Traders should always consider the transactions costs of a CFD trading app. However, these are likely to be the same as you’d get on a desktop. Regardless of the platform, brokers will usually charge interest for long positions held overnight on CFDs. Commission charges will be a percentage of a trade size e.g. 0.3% or as a minimum charge, like $7. However, some CFD trading apps provide commission-free trading depending on the broker you select.

Market Access

Do you wish to trade CFDs in indices, shares, commodities or forex? Do you want access to the global markets? Some CFD trading apps restrict access to some assets or currency pairs, which you’ll have to consider before opening an account. The best CFD trading apps in the UK, Germany and Australia, such as IG and CMC Markets offer global market access.

Reliability

CFD trading apps need to be dependable, especially when your live funds are on the line. These factors can make or break your profitability. Can you execute instant orders with up to date and live price quotes? You’ll want to ensure that the pricing structure is transparent with no hidden fees. While you don’t need to choose a regulated CFD trading app to enter the market, a licensed provider authenticates the application’s legitimacy.

Security

The best CFD trading apps should take additional steps to ensure account security. Some key features to note are two-factor authentication, SSL encryption and segregated bank accounts. Additionally, regulated CFD trading applications provide an additional layer of compensation should the provider go bankrupt.

Deposit & Withdrawals

Not all deposit & withdrawal times are the same across CFD trading apps. Some brokers will allow instant deposits to your account, meaning you can begin trading right away. However, longer deposit times are common, making same-day trading difficult. Consider, does the CFD trading app provide a wide range of payment methods or your most preferred payment option?

Customer Support

Sometimes, you may encounter issues with the CFD trading app that need to be resolved with urgency. Therefore, it’s vital that you opt for a reliable and responsive customer support team. Nowadays, the best CFD trading apps offer in-app 24/7 support in multiple languages.

Education

Whether you’re a new CFD trader or an experienced professional, CFD trading apps usually offer educational resources. As a leveraged instrument, trading CFDs are highly risky. Therefore, careful risk management should be embedded into your strategy. Make use of stop-losses and buy limit orders so that you don’t run the risk of losing more than you can afford.

Final Word

In this article, we covered how to compare CFD trading apps for iOS and Android and discussed how the flexibility that comes with mobile applications can benefit your strategy. However, traders must also consider the limitations of mobile trading, in particular, connectivity issues and screen size. Whether you’re trading in the US, UK or Australia, choosing the best CFD trading apps can be overwhelming with the wide range of options. Nonetheless, the level of innovation among the best CFD trading apps means that prioritising your investing needs can come first.

FAQs

How Do I Get Started Trading CFDs?

To start trading CFDs, you will need to open an account with an online broker. Brokers facilitate access to the market through CFD trading software. This is provided through web-based, desktop or mobile platforms. You will then need to fund your trading account. CFD trading apps allow you to manage and execute your trades on the go. Plus, you can test out a CFD trading app with a free demo account.

How Do I Find The Best CFD Trading Apps?

Choosing the best CFD trading apps for you will depend on several factors, such as your trading style, skill level and even your country. Therefore, you should consider your priorities during your research. Perhaps commission-free trading is important to you, or an application with a wide range of tools for technical analysis. Some of the best CFD trading apps to download in the UK and Australia from regulated brokers include CMC Markets, IG and eToro.

What Is The Difference Between Web-based CFD Trading Software And CFD Trading Apps?

The main difference between web-based CFD trading software and a mobile application is that you can trade on the go without being tied to your desktop. However, some brokers allow differences in instruments on CFD trading apps vs desktop platforms. Another key difference is the limitation of screen size when comparing a mobile device and desktop. This can make technical analysis difficult for traders that love to dive into the data. Fees, deposit and withdrawal methods should remain the same between platforms, but it is worth noting any differences on the broker’s website.

How Do I Test CFD Trading Apps?

Most CFD trading apps offer a free demo account to test out their platform in a simulated environment with virtual funds. Generally, you will only be asked to input a few simple details, such as your name and email to get started.

Does Barclays Offer A CFD Trading App?

Barclays offers a trading app for novice and experienced investors called Smart Investor, which can be accessed through their mobile banking app. Here, you can invest in thousands of instruments, including derivatives like CFDs.