Best CFD Trading Apps in the UK December 2024

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The world of CFD trading in the UK demands cutting-edge apps to keep you in sync with the ever-evolving market. Our extensive guide unveils the best CFD trading apps for UK traders. These apps are backed by FCA-regulated brokers, boasting a reputation for trustworthiness. Some even come under the watchful eyes of global regulatory bodies, guaranteeing maximum safety. Besides listing the best CFD trading UK apps, we will highlight other elements to ensure you are fully prepared to start your CFD trading journey. 

Essence

  • Choose a CFD trading app that aligns with your trading style and preferences.
  • Prioritise risk management when using the best CFD trading app to protect your investments.
  • Start with a small investment and increase as you gain experience.
  • Continuous learning is essential to adapt to changing market conditions.
  • Regularly assess and adjust your trading strategy as needed.
  • Be cautious when applying leverage in CFD trades, as you can be left with a massive loss.

List of the Best CFD Trading Apps in the UK 2024

  • Admiral Markets – Best CFD Trading Apps for MT4 and MT5 Traders
  • Pepperstone – Best CFD Trading App for Android
  • Plus500 – Excellent CFD* Trading App** in the UK (Overall)
  • XTB – Best CFD Trading App With Excellent Learning Resources
  • Spreadex – Best CFD Trading App With Excellent Support Service
  • eToro – Most Trusted CFD Trading App in the UK
  • AvaTrade – The Best Trading App for Beginning CFD Traders
  • FxPro – Best CFD Trading App For Professional Traders in the UK
  • OANDA Europe LTD – Best CFD Trading App With Low Spreads

*80% of CFD retail accounts lose money

**Investment Trends 2022

Compare the Best CFD Trading Apps

We’ve selected the best CFD apps in the UK. Compare their unique features, benefits, and drawbacks in the table below for an informed decision.

Licenses
Licence/Regulations
Minimum Deposit
Minimum deposit
Money Insurance
Money Insurance
Software
Software
Payment Methods
Payment & Withdraw options
trading fees
Fees

We prefer turning all the tables during our research. That is why we also review user opinions. Although we can’t go through all the comments from Google Play, Trustpilot, and the App Store, we sample a few, which give us the results we need. Below are our experts’ ratings from user comments. 

Best CFD Trading AppLicenceMinimum depositMoney insurance (Negative money protection)SoftwarePayment
Admiral MarketsFCA£250Yes (up to £85,000)MT4, MT5, MT WebTrader, Admiral Markets PlatformBank Wire Transfer, Credit/debit cards, Skrill, Neteller, Paypal, Klarna, iDEAL
PepperstoneFCA, ASIC, DFSA£0Yes (up to £85,000)MetaTrader 4, MetaTrader 5, cTrader, TradingView, Capitalise.ai, Social TradingCredit cards, Bank transfer, PayPal, Neteller, Skrill, Union Pay
Plus500FCA, CySEC, ASIC, MAS, FSA$100Yes (up to £85,000)Plus500 WebtraderBank Wire Transfer, Credit/debit cards, Paypal, Skrill
XTBFCA, KNF, CNMVNoYes (up to £85,000)xStation 5, xStation MobileCredit/debit cards, Bank Transfer, Skrill
SpreadexFCANoYes (up to £85,000)IPHONE App, IPAD App, ANDROID App, Trading ViewBank Wire Transfer, Credit cards
eToroASIC, CySEC, FCA, FSAS$100Yes (up to $250,000)eToro investing platform, Multi-asset platform, Copy TraderDebit card, Bank transfer, Neteller, Skrill, eToro Money, Online Banking
AvaTradeCBI, CySEC, ASIC, BVIFSC, FSA, SAFSCA, ADGM, ISA$100 (£72)Yes (up to $1.000.000)MT4, MT5, WebTrader, Automated Trading, Mac Trading, AvaTradeGO, AvaOptions, Mobile Trading, AvaSocial, DupliTrade, Capitalise.aiCredit card, Debit card, Wire transfer, Paypal, Skrill, NETELLER, WebMoney
FxProFCA, CySEC, FSCA, SCB, FSCM$100Yes (up to €20,000)FXPro Trading Platform, MT4, MT5, cTraderWire transfers, Credit/Debit cards, PayPal, Neteller, Skrill
OANDA Europe LTDFCA, CFTC, CIRO£0YesMT4, OANDA TradeCredit/debit cards, bank transfers

We understand the importance of choosing the best CFD trading app with features aligning with your trading requirements. For this reason, we have prepared tables below highlighting the fees and assets associated with our recommended CFD trading apps in the UK. 

Fees

Best CFD Trading AppFeesMinimum Deposit RequirementTransactionInactivity
Admiral MarketsFrom 0.0 pips£250Free, but 1% exchange fee€10 monthly
PepperstoneFrom 0.0 pips£0FreeNone
Plus500From 0.0 pips£100Free£10 monthly
XTBFrom 0.1 pips£0Free£10 monthly
SpreadexFrom 0.6 pips£0FreeNone
eToro2 pips$100$5 withdrawal$10 monthly
AvaTrade0.03 pips£100Free£50 quarterly
FxProFrom 0.0 pips$100Free$15 once + $5 monthly
OANDA Europe LTDFrom 0.8 pips£0Free£10 monthly

Assets

Best CFD Trading AppForexStocksCommoditiesETFsOptions
Admiral MarketsYesYesCFDs on commoditiesYesNo
PepperstoneYesYesYesYesNo
Plus500YesYesYesYesYes
XTBYesYesYesYesNo
SpreadexYesYesYesYesYes
eToroYesYesYesYesNo
AvaTradeYesYesYesYesYes
FxProYesYesYesYesNo
OANDA Europe LTDYesNoYesNoNo

Our Opinion & Overview of the Best CFD Trading Apps

In this section, we present our expert ratings and insights into the best CFD to trade apps in the UK. We’ve meticulously assessed these apps, considering user feedback from platforms like Google Play, Trustpilot, and the App Store to ensure accuracy and reliability.

1. Admiral Markets – Best CFD Trading Apps for MT4 and MT5 Traders

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Admiral Markets is a considerable CFD broker that offers the mobile trading app, whether you are trading using Android or iOS mobile devices. From our experience, this CFD app is user-friendly, customizable, and fast in trade execution.

Admiral Markets hosts over 8,000 CFD instruments across diverse asset classes, including shares, forex, CFDs on commodities, ETFs, CFDs on indices, and more. Getting started requires a minimum deposit of £250, which you get to transact free of charge. While trading on its MT4 and MT5 platforms, we discovered that the broker charges tight spreads (find out more details on https://admiralmarkets.com/start-trading/contract-specifications). We were also impressed by its Expert Advisors, one-click trading, economic calendar, and more. With favourable leverage limits up to 1:30 for retail CFD traders and reliable support service, Admiral Markets is worth trying via its virtually funded demo account.

Admiral Markets Review 2024
TradingGuides Rating:
✔ Low spreads
✔ Advanced trading tools
Pros & Cons
Fees
Trading Assets
Pros
  • Lists over 8,000 CFD instruments across multiple asset classes
  • Quality learning resources, including guides, e-books, and recorded videos
  • An award-winning STP broker with fast trade execution speed
  • Hosts advanced market analysis resources on its MT4 and MT5 platforms
Cons
  • Its demo account is only active for 30 days
  • Its £250 minimum deposit requirement can be high for traders who are looking for lower thresholds

Type Fee
Minimum deposit £250
Deposit fee $0
Withdrawal fee 1 free withdrawal request every month, after – 1%
Inactivity fee Monthly €10
Overnight fee Yes

Admiral Markets is a great broker with great trading opportunities. You can start investing with just £1 and trading with £100 on more than 4,000 stocks from the New York Stock Exchange, Nasdaq, FTSE, and more.

Admiral Markets offers the most advanced trading tools and services and sophisticated operations, including technical analysis indicators and trading strategy templates.

Risk warning: 61% of retail CFD accounts lose money.

2. Pepperstone – Best CFD Trading App for Android

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Pepperstone website
Pepperstone
Pepperstone platforms
Pepperstone tools

Our experience with Pepperstone on Android devices has been exceptional, thanks to its lightning-fast trade execution. While analysing user testimonials, Pepperstone is among the most highly rated by the majority of users. Its user-friendly platforms, including TradingView, cTrader, MT4, and MT5, offer high customizability, allowing users to enjoy their activities even as they keep advancing. While research tools are somewhat limited, there’s a wealth of learning resources to enhance your skills, along with robust risk management features. These and more made us give Pepperstone a 5-star rating.

Pepperstone Review
TradingGuides Rating:
✔ Top tier liquidity
✔ No dealing desk intervention
Pros & Cons
Fees
Trading Assets
Pros
  • Third-party trading platforms (MT4 and MT5).
  • Advanced risk management tools on cTrader.
  • No transaction fees.
Cons
  • Financing fees for overnight positions are high.

Type Fee
Minimum Deposit  $0
Withdrawal fee $0
Deposit fee $0
Inactivity fee No
Account fee No

1200+ instruments across FX, indices, cryptocurrencies*, equities, energy and commodities, and more, across three, free powerful platforms.

*Only Pro clients get access to cryptos.

3. Plus500 – Excellent CFD Trading App in the UK (Overall)

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Plus500 has emerged as the top CFD trading app, and it’s highly rated on both the App Store and Google Play. Whether you use an Android or iOS device, Plus500 delivers a seamless experience. With a low minimum deposit requirement of £100, it’s accessible to a wide range of UK traders, although it does charge fees like inactivity and overnight fees. We also noticed that trading with this app attracts low spreads, starting from 0.0 pips. Therefore, we give it a 5-star rating.

*Investment Trends 2022

Plus500 Review
TradingGuides Rating:
✔ Educational materials
✔ Regulated in many countries
Pros & Cons
Fees
Trading Assets
Pros
  • Various assets for CFD trading, including forex, shares, and commodities.
  • User-friendly CFD trading platform.
  • Customer service is available anytime, any day.
Cons
  • No third-party trading platform such as MT4, MT5, etc.

Type Fee
Overnight Funding yes
Currency Conversion Fee 0.7%
Guaranteed Stop Order spread applies
Inactivity Fee $10 per month
Withdrawls/Deposits  $0

Plus500 provides access to 2800+ CFDs across a wide range of different asset classes, including: Indices – Country and Sector, Forex, Commodities, Individual shares, ETFs, Options

Note: 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

4. XTB – Best CFD Trading App With Excellent Learning Resources

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how to sign up for account at XTB
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how to sign up for account at XTB

After thorough research, we’ve found XTB to be the go-to CFD trading app with excellent learning tools for UK traders. The user-friendly platform offers a demo account, ideal for beginners and experienced traders. With dedicated mobile apps for both iOS and Android, XTB keeps you in control, even when you’re out and about. But what truly sets XTB apart is its wealth of educational resources. Whether you’re brushing up on technical analysis or diving into market fundamentals, XTB has you covered. With over 5,400 CFD instruments, XTB offers a wide range of options to match your trading style. We therefore give it a 5-star rating.

XTB Review
TradingGuides Rating:
✔ Constantly improving trading platforms
✔ Wide range of global markets
Pros & Cons
Fees
Trading Assets
Pros
  • User-friendly CFD trading app with a demo account for practice
  • Compatible with iOS and Android mobile devices
  • A vast selection of learning materials covering diverse trading topics
  • Superior execution speed for timely order execution
Cons
  • No 24/7 support service
  • Supports only forex and CFD instruments

Type Fee
Opening an account $0
Account type: Standard: spread 0.5
Account type: Swap Free: spread 0.7
Forex From 0.1 pips
Stock CFDs commission 0%
ETF CFDs 0%
Crypto commission From 0.22%
Monthly Fee for maintaining an Account Free of charge or up to 10 EUR
Withdrawal fee $0
Deposit fee $0

The broker boasts a wide selection of tradable assets, consisting of 1500+ instruments, including a range of global markets, such as forex, indices, commodities, ETFs, and others.

5. Spreadex – Best CFD Trading App With Excellent Support Service

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Exploring Spreadex’s CFD trading app revealed an exceptional support service, complementing its array of features. While trading, we decided to contact the app’s support team and were impressed by its dedication to client satisfaction. The team was very responsive and provided relevant solutions to the questions we raised. Plus, there is a FAQ section where we believe users can get answers to the commonly asked questions. 

Besides a reliable support team, we liked Spreadex’s 10,000+ asset offering, including forex, shares, indices, commodities, ETFs, and more. The integration of the TradingView platform further amplifies its appeal, providing powerful analytical tools for informed decision-making. The best part is that Spreadex does not have a minimum deposit requirement, thus making it easier for users to get started. 

Spreadex Review
TradingGuides Rating:
✔Low forex fees
✔Helpful customer service
Pros & Cons
Fees
Trading Assets
Pros
  • Regulated by the FCA, ensuring the highest levels of safety and reliability
  • Reliable and responsive support service team proven to provide relevant solutions
  • Hosts over 10,000 tradable securities
  • No minimum deposit requirement
Cons
  • Limited advanced trading features
  • The support service team is not available 24/7

Type Fee
Minimum deposit Free
Overnight fee Yes
Deposit fee Free
Withdrawal fee Free
Inactivity fee Free

Currently, there are 60+ forex pairs on offer, 17 commodity CFDs and 1000 index and stock CFDs.

6. eToro – Most Trusted CFD Trading App in the UK

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After rigorous testing and analysis, we found eToro to be the most trusted CFD trading app in the UK for several compelling reasons. Firstly, the app boasts a highly intuitive CFD platform that offers an extensive selection of CFD assets to choose from. Secondly, eToro introduces its innovative CopyTrader platform, allowing users to effortlessly follow and replicate the trading strategies of seasoned experts. Moreover, eToro has a $100 minimum deposit requirement and robust risk management tools to safeguard your CFDs UK investments. There is also a demo account loaded with £100,000 in virtual funds to allow users to test its capabilities. Based on our findings, we give the app a 5-star rating. 

eToro Review
TradingGuides Rating:
✔Copy/Social trading
✔Low minimum to fund an account and begin investing
{etoroCFDrisk}% of retail CFD accounts lose money
Pros & Cons
Fees
Trading Assets
Pros
  • Low minimum deposit requirement
  • Free money deposits
  • Offers a CopyTrader platform for an exciting experience
Cons
  • Withdrawal fees apply

Types Fee
Minimum Deposit $100
Conversion Fee depends on your payment method, currency, and eToro Club level.
Overnight Fee vary according to the value and direction (BUY or SELL) of your position
Withdrawal Fee all withdrawal requests are subject to a $5 USD fee
Inactivity Fee monthly inactivity fee of $10 USD (charged after 12 months)

  • Stocks – there is a total of 800 stocks offered ranging from the biggest tech businesses in the U.S. to smaller companies from all over the world. Stock trading is always commission-free with eToro.
  • Cryptocurrencies – being one of the first brokers to jump on the cryptocurrency bandwagon, it comes as no surprise that eToro dominates this segment. With more than 20 coins and a number of cryptocurrency pairs, there is enough for all crypto traders.
  • Currency Pairs – in the early days, eToro was just another FX broker and even though they’ve developed since, the broker has stayed true to its roots. As a trader, you can choose between 49 currency pairs ranging from majors and minors to a few exotic ones.
  • Long-Term Investments – unlike many online brokers, eToro is also suitable for long-term investments. For example, their investment portfolios are a great way to diversify your portfolio and limit risk.
  • Additional assets – in addition to the above, eToro provides access to commodities, indices, and ETFs as CFDs. There is also a range of unique assets such as Crypto Portfolios that are only offered by eToro. This means that you can create a diverse portfolio with ease.

7. AvaTradeGO – The Best Trading App for Beginning CFD Traders

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Our experience with AvaTradeGO suggests it’s an ideal choice for beginners entering the world of CFD trading. Regulated across numerous jurisdictions, the app offers a secure environment for your trading funds. With CFDs available in forex, shares, commodities, indices, and more, it’s a versatile platform for those new to CFD trading. Additionally, AvaTrade features the AvaProtect order type to protect against potential losses. Beginners can also enjoy its AvaSocial platform, which connects you to global traders for an exciting experience. For the above reasons, we give AvaTrade a 5-star rating.

AvaTrade Review
TradingGuides Rating:
✔ One of the most popular brokers in the UK/EU
✔ Quick deposits and withdrawals
Pros & Cons
Fees
Trading Assets
Pros
  • Plenty of materials for learning and research
  • User-friendly CFD platform
  • Free deposits and withdrawals
Cons
  • High inactivity charges

Type Fee
Minimum Deposit £100
Inactivity Fee USD Account: $50
EUR Account: €50
GBP Account: £50
Administration Fee USD Account: $100
EUR Account: €100
GBP Account: £100
Deposit Fee $0
Withdrawal Fee $0

AvaTrade impresses with a robust portfolio of over 1250 assets, encompassing a wide range of trading instruments.

Forex – AvaTrade facilitates trading in a broad spectrum of currency pairs, enabling exposure to the dynamic forex market and diverse CFD options.

Stocks and Commodities – The platform offers a comprehensive selection of stocks and commodities, allowing users to invest in companies and raw materials across global markets.

Cryptocurrencies – AvaTrade supports trading in cryptocurrencies, providing access to a multitude of digital assets, including popular ones like Bitcoin, Ethereum, and more.

ETFs, Bonds, Treasuries, and Indices – AvaTrade’s offerings extend to ETFs, bonds, treasuries, and indices, offering diversification opportunities and exposure to various sectors and industries.

8. FxPro – Best CFD Trading App For Professional Traders in the UK

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Following our comprehensive research on CFD trading apps in the UK, it is evident that FxPro stands out as the best option for professional traders. We explored over 2100 CFD assets, including forex, shares, indices, commodities, and more, which made it easier for us to diversify our portfolios. We also noticed that the broker lists cryptocurrencies, but they are exclusively for professional traders. With leverage limits up to 1:500 for professional traders, you are guaranteed an exciting experience. 

Besides the web platform, FxPro’s CFD trading app supports cTrader, MT4, and MT5 platforms, each equipped with advanced trading resources and automated trading capabilities. The best element about this app is that the MT5 hedging account and MT4 standard accounts do not have minimum deposit requirements. Our research also highlights the reliability of FxPro’s support service, which is accessible via phone, email, and live chat, thus ensuring seamless assistance for users. 

FxPro Review 2024
TradingGuides Rating:
✔ Unique trading tools
✔ Trustworthy broker
Pros & Cons
Fees
Trading Assets
Pros
  • Low minimum deposit requirement
  • Advanced trading platforms with quality research resources for professional traders
  • High leverage limit for professional traders
  • Reliable and responsive support service
Cons
  • Limited asset offerings compared to its peers
  • No buying and taking ownership of the listed assets

Type Fee
Minimum deposit $100
Withdrawal fee $0
Inactivity fee $15 once + $5 monthly

FxPro offers traders a wide range of investment products, including 70 currency pairs, as well as over 2000 different stocks.

9. OANDA Europe LTD – Best CFD Trading App With Low Spreads

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Our findings show that OANDA Europe LTD is one of the best CFD trading apps with low spreads available in the market. It offers a wide range of CFDs, including indices, forex, and commodities. The app is user-friendly and easy to navigate, providing a seamless trading experience. It’s backed by a highly reputable and FCA-regulated broker, ensuring the safety of your funds and personal information. We also discovered that OANDA Europe LTD provides advanced order management tools on its MT4 platform. By charging low spreads and having no minimum deposit requirement, we give OANDA Europe LTD a 4.5-star rating.

OANDA Review
TradingGuides Rating:
✔ Outstanding research tools
✔ Fast and user-friendly account opening
Risk Warning
76.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money.
Pros & Cons
Fees
Trading Assets
Pros
  • Low spreads for CFD trades
  • Highly rated mobile app with quality trading resources for all traders
  • Free deposits and withdrawals using credit/debit cards, e-wallets, and bank transfers
  • Has a welcome bonus for new clients
Cons
  • Its welcome bonus is only available for customers using OANDA Global
  • Limited CFD asset offerings compared to its peers

Type Fee
Minimum deposit $0
Overnight fee Yes
Deposit fee $0
Withdrawal fee $0 to your PayPal account*
Inactivity fee Yes

*We do not charge a fee for withdrawals made to your PayPal account. If your PayPal account is denominated in a currency other than GBP, EUR or USD, you may incur an exchange fee levied by PayPal.

With OANDA, you can trade forex, indices, metals (a wide range of metals, including gold and silver), commodities and bonds.

What do Other Traders Say?

Choosing the best CFD trading app in the UK is crucial, and user feedback provides valuable insights. For this reason, we’ve examined reviews on Google Play, the App Store, and other platforms to share fellow traders’ experiences.

Pepperstone

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Pepperstone users value the app’s fast trade execution, especially on Android devices. The app offers a variety of trading platforms, including TradingView, cTrader, MT4, and MT5, making it suitable for traders with diverse preferences.

  • “I’ve used many trading platforms, and this is my favourite. Took me a while to get used to it, as it was slightly different from what I was used to, but now love it & all its features.” – Jana from Gold Coast

  • “Easy to open. Easy to use. Easy to add money. Easy to withdraw money. Good customer service. Fast execution. Less spreads. Just learn how to trade and have fun.” – Pruthviraj Rathod.

Plus500

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Users of the Plus500 app have praised its ease of use and accessibility on both Android and iOS devices. It’s considered an excellent choice for traders looking for a straightforward and reliable platform. Plus500’s competitive minimum deposit requirement is also seen as a positive aspect.

  • “Very good, no problems with deposits or withdrawals, real time prices, you can make alot of money here.” – ramzyki

  • “I had a good experience with Plus500.
    I recommend for those who want to achieve their goals come and invest with Plus500 and you will never be regret.” – Anonymous user

XTB

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Traders using XTB’s app have highlighted the abundance of educational materials available. Whether you’re a beginner or a seasoned trader, the access to various learning resources helps enhance trading skills and understanding. Users also laud the inclusion of a demo account for practice.

  • “I have shares in other brokers, but I’m using this app to check prices and charts because it’s simply better. Flawless usability” – Kosciej

  • “It is easy to manage, deposits and withdrawals are fast and smooth. Information is clear I recommend this for beginners and people starting in general. I love XTB X5 Station.” – Edgar Estrada

eToro

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Many traders appreciate eToro’s social trading features, which allow them to connect with other investors and even copy their trades. Users find the platform’s social feed and the ability to follow experienced traders particularly beneficial for learning and making informed decisions.

  • “Great customer service and easy to use app. Alfie my account manager is always proactive and calling me up to discuss any new features, assets or opportunities. Would recommend.” – Duncan

  • “Great application to get money all the time” – fitnessandnutrition212

AvaTradeGO

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Beginner traders have appreciated AvaTrade’s user-friendly platform, with its modern design and a wide range of CFD instruments. The availability of a demo account and risk protection measures is seen as beneficial for those new to CFD trading.

  • “What an amazing app. Security is great, it’s also teach you how to Trade. I love it a lot I’m happy about it ?” – Mystikal Que

  • “I was assisted by Alev Nazli. She was very friendly and helpful. Made sure I understood the platform and confirmed that I’m all set to go. She followed up the next day as well. Much appreciated.” – Michael S

The Ultimate Guide About CFD Trading

To excel in CFD trading, it takes more than just the right app. Our guide below delves into the mechanics and strategies that drive this financial practice. We’ll equip you with the knowledge to succeed, whether you’re new to CFD trading or a seasoned pro. 

How to Start Trading with a CFD Trading App

How to Start Trading with a CFD Trading App

Before you kickstart your CFD trading journey with the best apps in the UK, there are some essential tips to remember. These tips will help you start your CFD trading journey on the right foot and make the most of CFD trading apps in the UK.

  1. Educate Yourself: Take the time to learn about CFD trading. Understand the basics, risk management, and how to use the app effectively.
  2. Choose the Right App: Select a CFD trading app that suits your style and preferences. Consider factors like available assets, fees, and user-friendliness.
  3. Demo Account: Most apps offer demo accounts. Use these to practise trading with virtual funds and get comfortable with the platform.
  4. Risk Management: Develop a solid risk management strategy. Set stop-loss orders and be cautious about leveraging your trades.
  5. Start Small: When trading with real money, start with a small investment. As you gain confidence and experience, you can gradually increase your position sizes.
  6. Stay Informed: Keep up with market news and trends. This knowledge will help you make informed trading decisions.

How to Choose the Right CFD Trading App

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It is essential to note that the UK’s CFD brokers do not offer the same market assets for trading. That is why you need to choose one that matches your needs before venturing into CFD trading. Consider the following factors.

The Financial Conduct Authority (FCA) has set stringent regulations that CFD brokers should comply with. Most of these regulations favour traders and protect their funds. This means that a broker regulated by the FCA should be your choice.

You can trade CFDs on assets such as forex, stocks, and more. However, some brokers have limited assets or do not offer them at all. Therefore, choose a broker with market assets that complement your needs.

CFD trading apps should have trading platforms that keep you engaged. They should also allow access to learning materials, demo accounts, and market analysis tools.

Choosing an app with affordable fees will not limit your options, making you enjoy the experience.

We all need a reliable after-sale service that caters to our trading issues. So, make sure you confirm availability and reliability.

What is a Contract for Difference (CFD)?

BEWARE OF SCAMS

When dealing with CFDs, it’s vital to comprehend that employing leverage can amplify your potential losses significantly. As a trader, a profound understanding of the associated risks is paramount. Note that between 70-80% of retail investors lose money with leveraged products — a clear indication that CFD trading may not be suitable for every investor.

To mitigate the risks associated with CFD leveraged products, always assess your risk tolerance and level of trading experience before venturing into this market. Moreover, be mindful of the UK’s regulatory framework, which imposes a 1:30 leverage cap on CFDs. This limitation aims to mitigate risk but can still result in substantial losses in the event of an unexpected downturn.

Contract for Difference (CFD) trading is how a trader speculates on the movements of prices for market assets. This means that you will not take ownership of the asset. Simply go long or go short on its price and manage your activities. You can decide to trade CFD on any broker that offers the market assets that interest you. Therefore, choosing a broker is a crucial part of CFD trading. 

5 Quick Steps To Start Trading with a CFD App

Ready to dive into the world of CFD trading via mobile apps? Let’s take you through five quick steps to kickstart your CFD trading journey.

Step 1: Download the App
Step 2: Account Registration
Step 3: Verify Your Account
Step 4: Deposit Funds
Step 5: Start Trading

Visit Google Play or the App Store on your mobile device. Search for the CFD trading app you prefer and download it. We have listed some of the best options above to consider.

Launch the app and create your trading account. Provide your details, such as name, email address, and phone number. Most CFD trading apps will also require you to create a username and strong password for an added layer of security.

Complete the account verification process, which may include confirming your email and providing copies of identification documents. You may also be required to verify your location by sharing documents of your recent utility bill or bank statement.

Fund your trading account by selecting your preferred deposit method, such as bank transfers, credit/debit cards, or e-wallets. Deposit an amount you’re comfortable with or per your trading app’s minimum deposit requirement.

With your account verified and funded, you can begin trading. Explore the available CFD instruments, select the assets you want to trade, and execute your trades. Keep a close eye on your positions and adjust your strategies as necessary for increased potential.

Pros and Cons of Using CFD Trading App

Pros
  • Easy access and convenience for trading from your mobile device.
  • Opportunity to diversify investments across different assets.
  • Potential for higher returns with the use of leverage.
  • Tools like stop-loss orders to limit potential losses.
  • Access to valuable market data and analysis.
Cons
  • Risk of significant losses due to leverage.
  • Exposure to market volatility, which can lead to rapid changes in value.
  • Costs involved, including spreads and financing charges.
  • You don’t actually own the underlying assets.

FAQs

Are CFDs illegal in the UK?

No. CFD trading is not illegal in the UK, as long as you’re trading with a regulated broker.

Do day traders use CFD?

Yes. Since CFD trading is speculating on assets’ prices, day traders can use CFDs.

Do you have to pay tax on CFD trading?

Yes. CFD trading is classified in the business venture category, so any gains from it are taxable.

Can you lose more than you invest in CFD?

Yes. If you apply leverage and do not use risk management tools, then the chances are that you can lose more than your investment.

What is the difference between CFD and investing?

With CFD, you do not own the assets that you trade. You only trade on the price difference for a short period. On the other hand, investing is buying an asset and holding it for more than a year before selling.

Conclusion

Our top picks for CFD trading apps in the UK offer a comprehensive toolkit to support your trading journey. From their intuitive interfaces to stringent security measures and responsive customer service, these apps have you covered. But, the key is to explore various options to find the CFD trading app that complements your trading style. Bear in mind that CFD trading, while potentially rewarding, carries risks, so it’s wise to trade sensibly and only with funds you can afford to lose.

How we test?

Our test process is really based on two different aspects: our independent tests and research, as well as user reviews from Google Play, the App Store, and Trustpilot, etc.

The first thing we do when testing is to check every detail and test every tool and instrument. Our experts spend more than 200 hours on every article. We pay special attention to the specific function or the criteria that we’re comparing during the comparing stage. This means that we must determine which broker is more suited for beginners, and which is better suited for experts, for example. Find out more about our test process here.

Thadeus Geodfrey logo
Thadeus Geodfrey

Is a regular dad trying to be smart about how we play and win in this big game of life. He has worked within the very best of the financial industry producing numerous training resources. He is an experienced copywriter with immense financial background. Now earns a full time living as a Trader, and as our writer.

His articles help everyday families build sustainable wealth, stop stressing about their financial security, and start living the life they’ve always wanted.
If he is not trading or writing, he is at the gym.

6 Replies to “Best CFD Trading Apps in the UK”

  • Jane says:

    eToro can be much better than Avatrade for beginners, you know. It really opened the world of trading for me, and I still use it successfully. Recommend it for new traders.

    • Mister T. says:

      I have used ICM and Capital.com but never tried eToro, though I have heard eToro is quite good for stocks...maybe I will try.

    • Demi says:

      eToro isn’t strong in use plenty of indicators and a lot of technicals. eToro doesn't offer enough stock varieties as compared to other brokers.

  • Reynold Reeves says:

    Hello everyone! I just noticed this website... I see this is a lot of comments about eToro broker
    I just started to trade with them

  • Emily Parker says:

    I liked how the review authors included introductory tips on choosing an app that aligns with my trading style and emphasized the importance of risk management. I also appreciated the reviews of each app based on user feedback from various platforms such as Google Play and Trustpilot. This adds an extra layer of confidence that the provided ratings and reviews have real support from those who have already used these applications. Reading this article will help you better understand the current state of the CFD market in the UK and make decisions.

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