Best CFD Trading Platforms in the UK
Best CFD trading platforms in the UK offer traders the opportunity to trade on a wide range of markets with competitive pricing structures and an intuitive user interface. Many brokers also offer educational materials and free demo accounts to help traders hone their skills before investing real money.
The most popular underlying assets traded as CFDs are forex pairs, indices, stocks, and currency pairs. Each pair represents the price of a certain asset in two different currencies. Traders can scale their investments up or down depending on their risk tolerance.
Choosing the right platform is essential to your success as a trader. The best brokers provide a wide range of features including advanced charting tools, multiple order types, social trading, and more. However, be aware that too many features can distract you from making sound investment decisions.
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Another important factor is the level of leverage available to traders. Most FCA-regulated brokers offer a maximum of 1:30 leverage for share CFDs, while offshore brokers may offer up to 1:500 or more. High levels of leverage can magnify your losses, so it is essential to monitor your positions closely.
The 2020 winner of the Online Personal Wealth Awards, IG offers an extensive array of trading opportunities, with CFDs on over 18,000 global markets. Its cTrader platform is well-known for its copy trading feature, which allows users to automatically follow and replicate the trades of successful traders. The broker also provides low trading fees, a robust selection of educational resources, and free cFD trading courses on its IG Academy.