In finance, a contract for difference (or CFD) is a contract between two parties, typically described as “buyer” and “seller”, stipulating that the seller will pay to the buyer the difference between the current value of an asset and its value at contract time. (If the difference is negative, then the buyer pays instead to the seller.) In effect CFDs are financial derivatives that allow traders to take advantage of prices moving up (long positions) or prices moving down (short positions) on underlying financial instruments and are often used to speculate on those markets.
For example, when applied to equities, such a contract is an equity derivative that allows traders to speculate on share price movements, without the need for ownership of the underlying shares.
CFDs are currently available in the United Kingdom, Hong Kong, The Netherlands, Poland, Portugal, Germany, Switzerland, Italy, Singapore, South Africa, Australia, Canada, New Zealand, Sweden, Norway, France, Ireland, Japan and Spain. They are not permitted in the United States, due to restrictions by the U.S. Securities and Exchange Commission on over-the-counter (OTC) financial instruments.
| Broker | Type | Minimum Deposit | Max leverage | Minimal Lot | Spreads | Lowest spreads EURUSD | Currency pairs | Gold Silver | CFDs | Other instruments |
|---|---|---|---|---|---|---|---|---|---|---|
| Forex4you(Visit) | STP+DMA & STP | $1 | 500 | 0.0001 | fixed & variable | 2 – Mini & Standard >0.5 – 1 – Pro |
51 pair (24 exotic) | Gold, Silver | CFD | Futures, Energies, Shares |
| NordFX(Visit) | ECN & STP | $5 | 500 | 0.01 | fixed & variable | 2 – Mini >1 – 1.6 – Standard >0 – ECN |
44 pairs (16 exotic) | Gold, Silver | CFD | Futures, Indices, Commodities, Energies, Shares |
| HotForex(Visit) | ECN & STP+DMA | $5 | 500 | 0.01 | variable | > 0.8 – Micro & Standard 0.6 – Currenex |
36 pairs (11 exotic) | Gold, Silver | CFD | Commodities, Energies |
| Plus500(Visit) | MM | $100 | 30 | 0.5 of unit amount (Plus500 do not measure unit amount in ‘lot') | “Variable”/”Dynamic” | – | – | Gold, Silver | CFD | Stocks, Indices, Commodities, Energies, ETFs |
| FBS(Visit) | STP+DMA & MM | $5 | 500 | 0.01 | fixed & variable | 2 – Mini- 1 – 2 – Standard |
28 pairs (5 exotic) | Gold, Silver | CFD | Stocks, Futures, Energies |
| RoboForex(Visit) | ECN & STP+DMA & MM | $10 | 500 | 0.01 | fixed & variable | 2 – Mini 0.4 – 0.9 – Standard 0.1 – 0.7 – ECN |
48 pairs (21 exotic) | Gold, Silver | CFD | Shares, Futures, Commodities, Energies |
| InstaForex(Visit) | STP | $1 | 1000 | 0.01 | fixed | 3 | 107 pairs (32 exotic) | Gold, Silver | CFD | Stocks, Options, Futures, Energies, Binary options |
| EXNESS(Visit) | ECN & MM | $1 | 2000 | 0.01 | variable | 0.7 – Mini- 0.4 – Standard |
134 pairs (90+ exotic) | Gold, Silver | CFD | Energies |
| IC Markets(Visit) | ECN & STP | $1,000 | 400 | 0.01 | variable | >0-1 | 61 pairs (29 exotic) | Gold, Silver | CFD | Stocks, Options, Futures, Indices, Commodities, Energies, Shares |
| FXPRIMUS(Visit) | ECN & STP | $250 | 500 | 0.01 | fixed & variable | >1 | 31 pairs (7 exotic) | Gold, Silver | CFD | Options, Energies |
| AvaTrade(Visit) | MM | $100 | 400 | 0.05 | fixed | 3 | 48 pairs (21 exotic) | Gold, Silver | CFD | Stocks, Indices, Commodities, Energies |
| AFX Capital(Visit) | ECN & STP+DMA & MM | $200 | 500 | 0.01 | fixed & variable | > 2 – Mini 1.6 – Standard (Classic) 0.7 – FAST |
34 pairs (7 exotic) | Gold, Silver | CFD | Indices, Commodities, Energies |
| HY Markets(Visit) | MM | $50 | 300 | 0.02 | fixed | 5 – Mini 4 – Standard |
21 pair | Gold, Silver | CFD | Stocks, Indices, Commodities, Energies |
| Gallant Capital Markets (GCMFX)(Visit) | ECN & STP+DMA | $100 | 400 | 0.01 | variable | > 1.5 – Mini 1 – Standard 0.2 – ECN |
46 pairs (+ exotic) | Gold, Silver | CFD | Indices, Commodities |
| AAAFx(Visit) | STP+DMA | $300 | 200 | 0.01 | variable | > 1.5 – Mini & Standard 0.5 – Institutional |
56 pairs (28 exotic) | Gold, Silver | CFD | Energies |
| FXOptimax(Visit) | STP+DMA & STP | $10 | 500 | 0.01 | fixed & variable | 1.8-2 | 27 pairs | Gold | CFD | Commodities |
| FXCM(Visit) | ECN & STP+DMA | $50 | 50 | 0.01 | variable | > 1.5 – Mini 1 – Standard |
32 pairs (7 exotic) | no | CFD | Energies |
| PaxForex(Visit) | STP + MM | $10 | 500 | 0.01 | variable | > 3 – Mini 1 – Standard |
25 pairs | Gold, Silver | CFD | no |
| Interactive Brokers(Visit) | ECN | no | 40 | 0.25 | variable | >0.5 | 123 pairs (53+ exotic) | no | CFD | Stocks, Indices, Futures, Options, Energies, Bonds. ETFs |
| London Capital Group (LCG)(Visit) | ECN | no | 100 | 1 | variable | >1 or <1 | 100 pairs (+exotic) | Gold, Silver | CFD | Indices, Energies, Spread betting |
| Alpari(Visit) | ECN & MM | $200 | 500 | 0.01 | variable | > 1.6 – Mini & Standard 0 – ECN |
57 pairs (29 exotic), | Gold, Silver | CFD | Stocks, Indices, Options, Bonds, Commodities, Energies, Shares, Spread betting |
| LiteForex(Visit) | STP | $10 | 500 | 0.1 | fixed & variable | 0 – 3 | 38 pairs (13 exotic) | Gold, Silver | CFD | Stocks, Indices |
| Finexo(Visit) | MM | $100 | 200 | 0.01 | fixed | 5 – Mini 3 – Standard |
46 pairs (18 exotic) | Gold, Silver | CFD | Stocks, Indices, Commodities, Energies |
| Traders Trust(Visit) | STP | $100 | 500 | 0.1 | variable | > 1.8 – Mini 0.9 – 1.6 – Standard |
36 pairs (9 exotic) | Gold, Silver | CFD | Energies |
| Abshire-Smith(Visit) | STP & MM | $500 | 200 | 0.1 | fixed & variable | >1.4 | 30 pairs (10 exotic) | Gold, Silver | CFD | Indices, Futures, Shares, Commodities, Energies |
| Finotec(Visit) | ECN & STP | $200 | 200 | 0.1 | variable | >0.7 | 30 pairs (6 exotic) | Gold, Silver | CFD | Stocks,Indices, Futures, Options, Commodities, Energies |
| GKFX(Visit) | STP & MM | $1 | 400 | 0.1 | fixed & variable | >1.5 | 108 pairs (37+ exotic) | Gold, Silver | CFD | Stocks, Indices, Equities, Commodities, Energies, Spread Betting |
| Trader's Way(Visit) | ECN & STP & MM | $0.20 | 500 | 0.001 | fixed & variable | > 2 – Mini 0.8 – Standard 0 – ECN |
68 pairs (38 exotic) | Gold, Silver | CFD | Futures, Indices, Commodities, Energies, Metals |
| ActivTrades(Visit) | STP+DMA & MM | 250 | 400 | 0.01 | fixed & variable | 2 – Standard 1.5 – Interbank |
43 pairs (14 exotic) | Gold, Silver | CFD | Indices, Futures, Commodities, Energies, Spread betting |
| DF Markets(Visit) | ECN & MM | $1 | 200 | 0.01 | fixed & variable | 2 | 77 pairs (49 exotic) | Gold, Silver | CFD | Commodities |
| One Financial Markets(Visit) | ECN & STP & MM | $250 | 200 | 0.01 | fixed & variable | 2 – Mini & Standard 0.2 – 0.8 – ECN |
36 pairs (2 exotic) | Gold, Silver | CFD | Indices, Commodities, Energies, Treasuries |
| X-Trade Brokers (XTB)(Visit) | MM | 500 | 100 | 0.1 | fixed & variable | 1.6 – 2 | 52 pairs (27 exotic) | Gold, Silver | CFD | Stocks, Indices, Options, Equities, Commodities, Energies |
| CIM Bank(Visit) | ECN & STP | $5,000 | 100 | 0.1 | variable | > 1 – 3 – Mini & Standard 0.7 – ECN |
30+ pairs | Gold, Silver | CFD | Stocks, Futures, Options, Energies |
| AxiTrader(Visit) | STP+DMA | $200 | 200 | 0.1 | variable | >1.4 | 25 pairs (2 exotic) | Gold, Silver | CFD | Indices, Futures, Options, Commodities, Energies |
| RFXT – Royal Forex Trading(Visit) | ECN & STP | $500 | 400 | 0.1 | fixed & variable | > 0.3 – Mini 1.3 – 2 – Standard 0.3 – 1 – ECN |
30 pairs (1 exotic) | Gold, Silver | CFD | Stocks, Options, Futures, Indices, Commodities, Energies, Shares, ETFs |
| FX Choice(Visit) | ECN & MM | $10 | 200 | 0.01 | fixed & variable | > 1.5 – Mini 0.5-1.5 – Standard 0.1 – ECN |
34 pair (7 exotic) | Gold, Silver | CFD | Futures, Indices, Commodities, Energies |
| Pacific Financial Derivatives(Visit) | STP+DMA | $200 | 500 | 0.01 | variable | > 0 – Gold Zero Kiwi Trader 0.4 – 0.8 – other s |
26 pairs | Gold, Silver | CFD | Options, Energies |
| Divisa Capital (DCFX)(Visit) | ECN | $2,500 | 100 | 0.1 | variable | >0.3 | 33 pairs (5 exotic) | Gold, Silver | CFD | no |
| Windsor Brokers(Visit) | MM | $100 | 500 | 0.01 | variable | >2 | 27+ pairs | Gold, Silver | CFD | Stocks, Indices, Futures, Commodities, Energies |
| Markets.com(Visit) | MM | $100 | 200 | 0.01 | fixed & variable | >2.2 – 3 | 47 pairs (16 exotic) | Gold, Silver | CFD | Stocks, Indices, Commodities, Energies |
| FxPro(Visit) | ECN & MM | $500 | 500 | 0.1 | variable | 0.8 | 15 pairs | Gold, Silver | CFD | Indices, Futures, Commodities, Energies, Shares |
| FIBO Group(Visit) | ECN & MM | $300 | 200 | 0.01 | fixed & variable | 2 | 60 pairs (32 exotic) | Gold, Silver | CFD | Futures, Options, Commodities, Energies |
| Axiory(Visit) | STP+DMA | $500 | 300 | 0.01 | variable | >1.9 | 32 pairs | Gold, Silver | CFD | Futures (soon), Commodities, Energies |
| Investorseurope(Visit) | ECN & STP+DMA | $250 | 400 | 0.1 | variable | >0.5 – 1.1 | 80 pairs (+exotic) | Gold, Silver | CFD | Indices, Energies |
| Deltastock AD(Visit) | ECN & MM | $100 | 200 | 0.01 | fixed & variable | 2 – Regular 0.1 – (>) Level 2 trading |
80 pairs (52 exotic) | Gold, Silver | CFD | Stocks, Energies |
| Renesource Capital(Visit) | ECN & STP+DMA | $500 | 100 | 0.1 | variable | > 1.2 – Mini 0 – Standard/ECN |
31 pair (8 exotic) | Gold, Silver | CFD | Indices, Futures, Options, Commodities, Energies, Bonds, Equities |
| AccentForex(Visit) | STP & MM | $10 | 500 | 0.01 | fixed & variable | > 2 – Micro 0.8 – Standard |
64 pairs (34 exotic) | Gold, Silver | CFD | Futures, Stocks, Commodities, Energies |