Independent comparison of the best CFD brokers 2022

In addition to trading with so-called forex trading, providers for trading with CFDs have been gaining in popularity for several years. But which is the best broker for CFDs on the Internet? Here we did the test and compared the most well-known providers.

Dabei ging ForexTB came out as the test winner because of the large trading offer and low spreads.|| |47

Die folgende Übersicht soll dir dabei helfen, den besten Broker mit dem individuell passendsten Angebot zu finden. Mit einem Klick auf ein Logo kannst du direkt zu dem entsprechenden Testbericht gelangen.

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Risk note: CFD trading is also associated with a risk.|| |121

*: 76.4% der Kleinanlegerkonten verlieren Geld beim CFD-Handel mit diesem Anbieter. Sie sollten überlegen, ob Sie es sich leisten können, das hohe Risiko einzugehen, Ihr Geld zu verlieren.

Besides the brokers listed here, we also have a separate section forCFD brokers without Obligation to make additional payments.

What does Fraudtest.com offer?

Choosing a CFD broker

Just as big as them Number of brokers can also be differences between brokers. Therefore, choosing the right broker is fundamental to trading success. Pay particular attention to the following points.

Important criteria

  • Trade offer – and underlying assets
  • Leverage – what is the maximum leverage?
  • Software – for trading the CFDs
  • Information offer – for further education
  • Bonus – additional capital for new customers

Fraustest.com is primarily about informing readers about reputable providers in the areas of forex trading, online casinos, CFD trading and many more. Our team therefore tests the best-known and most popular brokers from all these areas and, in the extensive field reports, shows what to think of both the provider itself and the offer.

What are CFD brokers?

In order to be able to actively trade CFDs, private investors need a provider who gives them access to the market. They receive this access through so-called Contract for Difference brokers. There, a registration is sufficient, as a result of which a deposit is required. This money can then be used to bet on different prices for very different things such as stocks, commodities, currencies and indices. Unlike when trading shares, the trader does not buy shares in the DAX or anotherindex, but only bets on how the price will behave. These bets are generally of a short-term nature, so that the courses only change visibly in the last decimal places. In order to still be able to make a profit from a comparatively small stake of 50 euros, for example, the broker provides so-called leverage. A leverage of 30:1 means, for example, that with a stake of 333.33 euros on the part of the trader, a whopping 10,000 euros will be traded on the market in the end. This can quickly result in possible gains and losses.

Structure of our test reports

We have a certain basic structure for all our test reports. This process is followed in each of our tests and is ultimately reflected in our test reports as they are published on our website. On the one hand, this helps us not to forget anything essential when testing, and on the other hand it helps our readers to be able to make a better comparison between the individual brokers. Our team of experts tests for the following categories:

Background check

The background check is crucial when it comes to the question of whether a particular provider is fraudulent. We do this before we register with a CFD broker and try to make a profit with our deposit. Our classic check includes, among other things, that we at Fraudtest.com take a look at the company behind the broker. We take a close look at this and inform you about other products that come from the company. Our test reports state, among other things, how long the company has been active, how many employees there are, where the company is headquartered and which other interesting findings are relevant for the background check.

Die Europäische Richtlinie über Märkte für Finanzinstrumente und die größten nationalen AufsichtsbehördenAnother important one Part of our job is to check brokers for applicable licenses, regulations and legal restrictions. In turn, it is crucial since when and in which country a license for the work of the broker was issued. Most companies have their headquarters in other European countries, mostly in Cyprus. Cyprus is interesting because the taxes there are significantly lower than in other EU countries. It should be noted that the brokers are then controlled and regulated by the local financial supervisory authority CySEC. This in turn is subject to the requirements of the EU. As a result, there are no differences between the regulations of BaFin, the FCA and that CySEC, for example. A regulation from other European countries is basically no less valuable than one from Kenya. Unfortunately, there are still black sheep who do not have a license or whose regulation has not yet been granted. We would advise against registering there. With a license, a financial supervisory authority controls that everything is done properly with a CFD broker.

Another important point of our background check relates to the awards that the broker may have received in the past. Well-known sites such as Finanzen.de regularly award prizes and laurels to the CFD brokers who set themselves apart from the others with special things. Various awards, such as a customer satisfaction award, are distributed. We look at what the broker in our review has received top-level awards for in the past.

When appropriate, we also clearly state our concerns. This is the case, for example, withTrading with binary options, which is not very transparent and can cause high losses in a short time.

Customer opinions

Another important aspect of our analysis and research is how other clients perceive a particular CFD broker. To do this, we go into the depths of the World Wide Web and see what comments are already available for the given broker.

We would like to point out once again that dissatisfied customers are generally more inclined to to give a rating as those who were really satisfied with the services of a broker. This phenomenon can be found in all companies, but especially those from the Internet. For example, if a broker has received three ratings on a website and all of these are negative, it does not mean that the CFD broker is actually a fraud or that the provider is dubious. There are other factors at play here. We try to differentiate in each evaluation of the broker's services and thereby determine what the opinions really mean.

The support in the test

Der Kundendienst eines Oonline Brokers für DifferenzkontrakteWe investigate during our check on Seriousness also includes everything that has to do with direct contact with the company and provider. For us, this also includes support and customer service. We have therefore also dedicated a part to this part in our background check section. We will go into the possibilities of contacting the support team of the respective broker. In addition, we state the times when the employees are available. In each of our tests, we also asked the support team a few easier and harder questions and requests. This allows us to convince ourselves of the performance of the employees. The processing of our concerns is also included in the evaluation. This includes both the quality of the answer and the speed at which we were able to get in touch. Another criterion is the specialist knowledge of the employees. Additionally, we believe support agents need to be knowledgeable and friendly for great support.

Our experiences

What we learned from the background check is briefly summarized in the experiences. Our own opinions and evaluations of the respective results of our research also belong here. An overall evaluation is not long in coming and shows how and where the advantages and disadvantages of the broker can be assessed.

The CFD broker's offer

The second part of our evaluation of the CFD brokers refers entirely to the total offer. For this purpose, we have developed various categories for which we will test the broker in a structured manner.

Types of trading and trading opportunities

Most providers are not only equipped for trading with CFDs alone. Instead, they also contain a part for currency trading and can therefore also be called Forex brokers. A few also have even more trade types. In this category we will list which assets are tradable.

Maximum Leverage

Leverage is the crucial tool in CFD trading. With a higher leverage, it is possible to make more profit through lower stakes and deposits in the end. However, it should be mentioned that trading in CFDs also poses a risk precisely because of these leverages. Because just as quickly as high profits can be achieved, it is also possible to have to accept larger losses. We therefore always have to take a differentiated look at the maximum leverage.

Basically, the maximum leverage for CFD brokers is 30:1. This means that with a stake of EUR 333.33 per position, the market is traded with EUR 10,000 at the end. However, the maximum leverage varies greatly depending on the stock, commodity or other value. The following table shows which leverage applies to which underlying:

Products Maximum Leverage Additional Margin for private investors
major FX pairs 30 : 1 14x
major indices Minor FX pairs Gold 20:01 5x
Resources Minor Indices 10:01 10x
Equities 05:01 4x
Cryptocurrencies 02:01

The reason for this lies in the market value itself: does it change significantly within a short period of time and not just in one of the last decimal places, then no particularly large leverage is necessary for trading. With currencies, for example, this is different. In most cases, they only change their value to the fifth or sixth decimal place, at least within 15 minutes, for example. As a result, high leverage is necessary to generate a profit.

Depending on the CFD, the leverage can diverge. Before registering, traders should therefore not only find out about the maximum leverage, but also about the individual leverage for certain CFDs if they plan to trade with them. In the maximum leverage section we say what to make of the offer.

Trading software

Each broker provides its customers with their own trading software. This is designed to provide all the necessary information about the various courses in a clear and intuitive manner. Usually anyone can get used to the basics of the software within a short time.

This software also plays an important role in our test. We check to what extent the trading software corresponds to what we would expect from such a program. In addition, we also test a provider's mobile app, if one is available. At this point we would like to point out once again that the use of a mobile app is not recommended, especially for beginners. The overviews are too small to be able to make good decisions based on the courses.

Deposit and withdrawal

By what means can deposits be made into one's own account with the broker? What deposit options are available? How long does it take for a payout to actually be made and what are the things to watch out for? We address all of these and a few other questions in the section on deposits and withdrawals.

New customer bonus and special promotions

CFD brokers often want to lure new customers with a high deposit bonus. This is usually given as a percentage and shows how much the actual deposit will be increased if it is the first deposit with this broker. However, a high deposit bonus usually comes with strict deposit conditions. That's why we not only took a close look at the bonuses, but also at the conditions.

Minimum deposit and minimum transaction size

Newcomers and beginners in the world of CFD trading are usually reluctant to start with a large deposit. However, CFD brokers always have a minimum deposit below which no deposits can be made. With the minimum deposit, the broker usually also determines what type of trader the broker is actually suitable for.

The minimum transaction size must also be taken into account. It determines from how many euros a position can be opened. In connection with the minimum deposit, this value is also decisive for how many euros should be deposited. We generally recommend starting with a capital of 500 euros and not using more than 5 percent of the total capital per position.

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Educational Opportunities

The most brokers for CFDs have their own area in which traders can educate themselves. Not only the characteristics of the provider and the trading software are explained there. General introductions to the world of CFD trading are also given. Webinars and seminars are not uncommon. Many CFD brokers also provide their customers with their own eBooks, which they can use to educate themselves on a wide variety of topics. We also consider the widest possible range of educational opportunities at the broker itself to be the basis for successful trading. There is also the question of whether a demo account is available and how long it can be used free of charge.

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