We tested spreads, execution speed, and regulatory standing across every major forex and CFD broker. These are the platforms serious traders use — with tight spreads, fast fills, and the regulation that protects your capital.
82% of retail investor accounts lose money when trading CFDs.
🔬 How we rank brokers
Every broker on this list has been tested with a real account by Gonçalo Marcelino, WhichBrokr's founder and lead analyst. We score across fees, regulation, platform usability, asset range, and customer support. No broker can pay to appear higher — rankings are 100% editorial. Learn more about our methodology →
Frequently Asked Questions
Top-tier brokers like Pepperstone or IC Markets offer raw spreads as low as 0.0 pips on EUR/USD (with a small commission per lot). Standard accounts at brokers like OANDA or XTB typically have spreads of 0.6–1.2 pips with no commission.
Yes. CFDs are leveraged products — most retail traders lose money trading them. EU regulations require brokers to display the percentage of retail accounts that lose money; this is typically 65–80%. Only trade CFDs if you fully understand leverage and have risk management in place.
Under ESMA rules, EU retail traders are limited to 30:1 leverage on major forex pairs, 20:1 on minor pairs, 10:1 on commodities, and 2:1 on crypto. Professional accounts can access higher leverage.
Market makers set their own bid/ask prices and take the other side of your trade — potential conflict of interest. ECN/STP brokers route orders directly to liquidity providers with no dealing desk — transparent execution and often tighter spreads.
Capital at risk. Investing involves risk, including possible loss of principal. This page is for informational purposes only and does not constitute investment advice. WhichBrokr may earn a commission if you open an account through our links, at no extra cost to you.