CFD Trading Software

CFD trading software is a vital element of any investor’s toolkit, facilitating trades and aiding with technical analysis. However, finding the best CFD trading platform can be hard given the variety on the market today. This review will show how you can compare the best platforms on the market, provide a comparison of the top platforms on offer and discuss which countries permit the use of CFD trading software.

Best CFD Trading Software

  1. AvaTrade - AvaTrade's 1250+ leveraged CFD products span a wide range of asset classes including stocks, indices, commodities, bonds, crypto, and ETFs. You can speculate on underlying assets in the broker’s feature-rich web and mobile platforms with market-leading research tools to help discover opportunities.
  2. Deriv.com - You can trade CFDs on popular markets, including the broker's exclusive synthetic indices which are available 24/7. There are plenty of charting tools available for technical traders, including over 20 indicators in the Deriv Trader platform. New users can also open an account and start trading CFDs instantly.
  3. Exness - Exness offers a selection of CFDs covering forex, stocks, indices, commodities and cryptos, with leverage up to 1:200. Accounts are geared mainly towards experienced day traders, with over 100 technical indicators available in the broker’s proprietary terminal.
  4. Pepperstone - Pepperstone maintains its position as one of the fastest and most dependable CFD brokers during our latest round of testing. With execution speeds averaging around 30ms and an outstanding fill rate of 99.90%, the broker ensures a seamless trading experience without requotes or dealing desk interference. It also provides ample trading opportunities across over 1,300 assets.
  5. XM - Day traders can speculate on leveraged CFDs with zero commissions, spanning popular markets including currencies, equities and commodities. Additionally, the MetaTrader platforms collectively offer dozens of advanced technical indicators built for short-term strategies.

CFD Trading Software Comparison

CFD Trading Software Comparison
Broker CFD Leverage Minimum Deposit Minimum Trade Regulators Visit
AvaTrade logo
1:30 (Retail) 1:400 (Pro) - 0.01 Lots ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM Visit
Deriv.com logo
1:1000 $5 0.01 Lots MFSA, LFSA, VFSC, BFSC Visit
Exness logo
1:2000 $10 0.01 Lots FSA, CySEC, FCA, FSCA, FSC, CBCS Visit
Pepperstone logo
1:30 (Retail), 1:500 (Pro) $0 0.01 Lots FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB Visit
XM logo
- $5 0.01 Lots ASIC, CySEC, DFSA, FSC, FSCA Visit
IC Markets logo
1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) $200 0.01 Lots ASIC, CySEC, FSA Visit
Eightcap logo
- $100 0.01 Lots ASIC, FCA, xCySEC, SCB Visit
LiteForex Europe logo
1:30 $50 0.01 Lots CySEC Visit
CityIndex logo
1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction. $0 0.01 Lots ASIC, FCA, MAS Visit
DNA Markets logo
- $100 0.01 Lots ASIC Visit
FOREX.com logo
1:400 $100 0.01 Lots NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA Visit
IC Trading logo
1:500 $200 0.01 Lots FSC Visit
eToro logo
- $50 $10 FCA, ASIC, CySEC, FSA, FSRA, MFSA Visit
RoboForex logo
1:2000 $10 0.01 Lots IFSC Visit
InstaForex logo
- - - - Visit

#1 - AvaTrade

Why We Chose AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."

- DayTrading Review Team
  • FTSE Spread: 0.5
  • GBPUSD Spread: 1.5
  • Stocks Spread: 0.13
  • Leverage: 1:30 (Retail) 1:400 (Pro)
  • Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
  • Platforms: WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade

#2 - Deriv.com

Why We Chose Deriv.com

Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs, multipliers and more recently accumulators, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.

"Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock. "

- DayTrading Review Team
  • FTSE Spread: 0.5
  • GBPUSD Spread: 0.5
  • Stocks Spread: 0.07
  • Leverage: 1:1000
  • Regulator: MFSA, LFSA, VFSC, BFSC
  • Platforms: Deriv Trader, MT5

#3 - Exness

Why We Chose Exness

Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 260,000 clients, several awards and reputable licensing, the broker has maintained its position as a highly respected global brand. Active day traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.

"Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software."

- DayTrading Review Team
  • FTSE Spread: 15.1
  • GBPUSD Spread: 0.1
  • Stocks Spread: 0.7
  • Leverage: 1:2000
  • Regulator: FSA, CySEC, FCA, FSCA, FSC, CBCS
  • Platforms: Exness Trade App, MT4, MT5, TradingCentral

#4 - Pepperstone

Why We Chose Pepperstone

Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.

"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."

- DayTrading Review Team
  • FTSE Spread: 1.0
  • GBPUSD Spread: 0.4
  • Stocks Spread: 0.02
  • Leverage: 1:30 (Retail), 1:500 (Pro)
  • Regulator: FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
  • Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade

#5 - XM

Why We Chose XM

XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.

"XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading."

- DayTrading Review Team
  • FTSE Spread: 1.5 pts
  • GBPUSD Spread: 1.9
  • Stocks Spread: 0.002
  • Regulator: ASIC, CySEC, DFSA, FSC, FSCA
  • Platforms: MT4, MT5

How CFD Trading Works

CFD stands for ‘contract for difference’, an agreement between a buyer and seller to exchange the difference between the current price of an asset and its value at the contract’s expiry date.

So, if an asset goes up in value after purchase, the trader will be able to close the position having made a profit; if the asset loses value, they’ll have made a loss.

CFDs are a type of derivative contract. Their value is derived from that of the underlying asset and traders simply speculate on the price movements without owning the instrument itself.

They are also leveraged products, meaning investors can only put up a fraction of the trade value as a deposit to open a position.

This means that the results of a trade are multiplied, creating larger profits than could have been achieved purely from the original deposit amount. However, leverage also amplifies the risk and losses can exceed your deposit amount.

The best CFD trading platforms provide a gateway to global financial markets, whether you’re trading from Australia, Singapore, Germany, New Zealand (NZ), UAE, South Africa, the UK, Malaysia or Canada. However, the CFD trading software on offer varies by broker, with the top options primarily being MetaTrader4 (MT4) and MetaTrader5 (MT5), a proprietary platform or API capabilities for integrating bespoke CFD trading software.

The best CFD trading software will provide a range of order types, technical analysis indicators, charts, timeframes and more. However, as we touch on later, even the best CFD trading platforms are banned in certain countries (including the US), so your selection could be limited by your jurisdiction.

CFD Trading Software

Best CFD Trading Software Comparison

MT4

MetaTrader 4 is the most popular CFD trading software in the world. It offers 30 built-in technical indicators, access to thousands of trading signals and interactive charts with nine timeframes.

The MT4 Codebase allows investors to access automated trading software (known as bots or Expert Advisors) that execute positions using algorithms. Plus, trade sizes as small as 0.01 lots mean traders can utilise risk management techniques with smaller positions for hedging.

Collectively, these features make it one of the best CFD trading platforms across the globe, including in locations that are well-known for being financial service hubs, such as the UK, UAE, Singapore, Australia and Europe (EU).

MT5

MetaTrader 5 is another popular CFD trading platform, highly regarded in the industry and provided by the same software developers at MetaQuotes. In many ways, MT5 is more advanced than MT4, offering more technical indicators and charting tools, more sophisticated backend infrastructure and additional order types.

Moreover, the MT5 CFD trading software is ideal for experienced CFD traders, equipped with the latest charts and tools like oscillators, Bill Williams and volume indicators.

In particular, MT5’s CFD trading software allows for switching between several broker accounts. Automated trading and EAs are also supported in the same way as with MT4.

ProRealTime

ProRealTime is the CFD trading platform offered by IG Markets for online CFD trading. Notably, this CFD trading software is designed for automation and is equipped with assisted creation tools that allow you to build your strategies without any coding.

Additionally, the CFD trading software offers 100 indicators that are suited to both new and advanced traders. The software is also free for users who trade at least four times a month.

Trader Workstation

Trader Workstation is another great piece of CFD trading software that is designed for active CFD day traders who wish to utilise multiple assets.

The TWS Mosaic CFD trading software offers easy access to order management, charts, watchlists and tools on a customisable interface. Users can get real-time access to news, research and market data.

Additionally, Trader Workstations offers over 100 order types and algorithms that limit risk, speed execution and price improvement. However, Trader Workstation is only available on desktop and is not best-suited for beginners.

eToro CopyTrader

eToro is a CFD trading platform provider. It is well known for its social trading platform where you can follow the most successful top investors. CFD traders can monitor signals and copy successful trader’s positions. With its vast user base, CFD traders can enjoy a highly liquid environment across multiple assets. Plus, its user-friendly interface makes it one of the best CFD social trading platforms for beginners.

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Thinkorswim

Thinkorswim is a popular CFD trading software provided by TD Ameritrade. Thinkorswim is typically used for short to medium term CFD trades and is accessible via a desktop, web or mobile. The software has real-time research features and advanced trading and backtesting capabilities. It also offers additional order types beyond the standard ones, such as trailing stop %, stop-limit and limit on close. Therefore, Thinkorswim CFD trading software is more suited to advanced CFD traders.

How To Compare CFD Trading Software

Market Access

CFD trading allows you to trade in multiple markets with ease, including stocks and shares, indices, cryptocurrencies and commodities. However, when making your comparison, be aware that some platforms specialise in a few assets while other software offers access to thousands of global markets. Check out the CFD trading software you’re interested in beforehand to ensure it caters to your needs.

Fees

Whether you’re trading from the UK, Australia or India, most users will be looking for the cheapest CFD trading platform with low commissions. On the other hand, a high-quality service could be the difference between a profitable trade and one that pushes you into the red. The key is to find a happy medium between the two that is most suited to your needs. If you’re a frequent trader, like a scalper, the cheapest CFD trading platform may make more sense, with low fees being vital for your strategy. On the other hand, you may be an advanced trader who wants access to the best tools for technical analysis.

Tools and Features

CFD trading software can vary in the breadth of trading tools on offer. Some advanced CFD trading platforms have charts, indicators and graphical objects used for technical analysis, while others also feature news and sentiments suited to fundamental analysis. On top of that, some CFD trading software comes with automated trading features, APIs, backtesting capability, signals or copy trading functionality. The software you choose should depend on the tools you need to maximise your CFD trading strategy.

Deposit and Withdrawals

It is important to consider whether your CFD broker offers a range of payment methods for funding your CFD trading account. The best CFD trading platforms could allow you to fund your account in any number of ways, including via globalcollect, debit/credit card and even cryptocurrency. Instant deposits and withdrawals are other popular factors that can make or break your trading experience.

User Interface

Your skill level also plays a part in which CFD trading software to choose. A platform that allows for several accounts, hundreds of indicators, detailed price information and several order types can be overwhelming for a beginner, even if it is the best CFD trading platform. Ensure that the CFD trading software’s user interface has all the features that are compatible with your experience.

Leverage

A key advantage of CFDs is the ability to trade with leverage. While most regulated brokers will be limited to the leverage they’re permitted to offer, it is worth shopping around for a suitable leverage amount. CFDs are a very risky instrument that requires careful risk management, so consider whether high leverage fits with your trading strategy. For added security, opt for a CFD provider with negative balance protection and a piece of CFD trading software with sophisticated risk management options.

Mobile Trading

Are you someone that likes to trade CFDs on the go? Unfortunately, not all top CFD trading software is available via an app, which may restrict your trade activity to times when a desktop is accessible. If you wish to trade away from the home office, selecting CFD trading software that is available on a mobile will be key.

Desktop CFD Trading Software

CFD Trading Software Around The World

Not all CFD trading software is permitted to operate in every country due to regulation. Therefore, when looking for the best CFD trading platform, it is important to understand the rules and requirements around CFD trading from your country.

CFD trading software is permitted in many of the biggest global financial hubs, including the UK, Germany, Singapore, Australia, South Africa, Canada and Malaysia. While CFD trading platforms are permitted in India, there is limited regulatory oversight through a licensing system. Therefore the best CFD trading platforms for Indian traders can often be found with regulated offshore brokers.

As for the US, CFD trading platforms are banned by the Securities and Exchange Commission for US residents and, while CFD trading software is permitted in Australia, the Australian Securities and Investment Commission (ASIC) has issued tougher restrictions on leverage offered to retail clients.

Final Word On CFD Trading Software

CFD trading software provides a gateway to CFD markets, allowing traders to open positions and complete vital analyses. However, when it comes to the best CFD trading software, there is no one-size-fits-all. Each CFD trading platform will cater to different trading strategies, experience levels and markets. Nonetheless, the most popular pieces of CFD trading software in the market are the MT4 and MT5 platforms, available with many of the top brokers.

FAQs

What Is CFD Trading Software?

CFD trading software provides a gateway for traders to analyse the market and open and close positions. It is the platform interface that enables transactions between traders and the broker and provides access to the markets.

What Are The Cheapest CFD Trading Platforms?

The cheapest CFD trading platforms will be dictated by the broker and not the choice of the software itself. Opt for a broker with low commission, no hidden fees and low interest on overnight positions. Additionally, you should consider any deposit and withdrawal charges or minimum deposit requirements.

What Is The Best CFD Trading Platform For Beginners?

MetaTrader’s MT4 is one of the best CFD trading platforms for beginners. MT4 is available for users all over the world, including the UK, Australia and UAE. The platform has a user-friendly interface with a good range of tools and charts to suit new traders.

Can I Trade On CFD Trading Software In The US?

Unfortunately, CFD trading platforms are not permitted in the US. The Securities and Exchange Commission has banned US residents from trading CFDs. US traders can still trade on unregulated CFD trading platforms but run the danger of being scammed in an already risky market.

How Do I Know If A CFD Trading Software Is Good For Me?

Most CFD providers offer the opportunity for virtual or ‘paper’ trading using a demo account. This gives traders the ability to test out the CFD trading software and its functionality before committing to a real, live account. Demo accounts are ideal for those new to trading as they provide a risk-free environment to test out strategies with virtual funds.