Best CFD Brokers (TOP 10) in 2022

The best part about choosing the best CFD brokers is that they allow traders to speculate on the movements of different financial instruments and enable them to take rightful decisions. The best CFD brokers on the market let users speculate on forex, commodities, currency pairs, indices, cryptocurrencies, and stocks.

Typically, these brokers offer clients lots of choices, in terms of account types, features, trading conditions, deposit methods, etc.

Here, our team has researched a lot and has compiled a list that brings together some of the best CFD brokers there are on the market today. Here is that list:

Best CFD Forex Brokers In 2022: 

1. XM

Whether you’re a seasoned forex broker or a beginner, the experience with XM will always be great. With XM, traders can enjoy several features that enhance their experience while trading on the market, including auto trading, fast order executions, no commissions or hidden fees, etc. XM also takes pride in providing brilliant customer services and having an approach that is a highly personalized one.


  • Their account opening process is easy and speedy
  • Their withdrawal and CFD fees are low
  • They have well-designed and handy educational tools
  • Availability of demo account
  • The minimum deposit is set at $5
  • Broker is regulated by IFSC, ASIC, and CySEC
  • Customer support services are available in multiple languages
  • Availability of MT4, MT5, and the Web Trader platforms


  • Forex fees could be lower
  • They charge inactivity fees

2. HotForex

A part of the HF Markets Group, HotForex has carved a niche for itself in the short period it has been on the market. Since 2010, the company has expanded rapidly to include more than 200 employees worldwide and serving more than 1,500,000 clients in more than 27 languages. Today, HotForex is regulated in 6 countries and is synonymous with providing services that are secure and transparent.


  • Negative balance protection
  • A wide variety of trading platforms
  • Multiple trading instruments
  • A minimum deposit of $5
  • Regular promotions and bonuses
  • Customer support services are available 24/7
  • A reliable and trustworthy broker
  • Offers scalping and hedging


  • No guaranteed stop order
  • US clients are not accepted this time

3. Exness

Exness is one of the fastest-growing forex brokers in the world. Came into existence in 2008; Exness lets users trade in more than 120 financial instruments. Its versatile trading platforms – MetaTrader 5, MetaTrader 4, MT4 Web Terminal, and mobile trading platforms provide a world-class and secure trading environment for one and all. Exness’s customer support services are available to clients 24/5 in 13 different languages.


Commission-free trading
Well-regulated broker
Wide range of forex pairs
VPS hosting available
MetaTrader available
Different types of trading accounts
A variety of deposit and withdrawal methods
Opening an account is quick and easy


Does not accept clients from the US, Russia, and Malaysia, etc
The demo account is not available

4. OctaFX

This St. Vincent and Grenadines-based broker was established in 2011 and has received numerous industry awards for providing outstanding services to clients. OctaFX has been quite efficient in what it does because of its advanced features, speed, and accuracy. Its trading platform can be accessed in different languages, including Arabic, Hindi, English, etc.


  • Low minimum deposit
  • Availability of MT4, MT5, and cTrader platforms
  • Competitive spreads
  • Availability of demo account
  • Fast market execution
  • Award-winning broker
  • Provides deep market liquidity
  • Excellent copy trading platform


  • No guaranteed stop-loss
  • Limited deposit and withdrawal methods

5. RoboMarkets

RoboMarkets is a CySEC and CFD regulated broker that allows users to trade in more than 12,000 financial instruments, including forex, ETFs, commodities, stocks, and indices. RoboMarkets uses globally acclaimed MT4 and MT5 trading platforms as well as its own developed RoboMarkets terminal and the feature-rich R Trader platforms.


24/7 customer support in different languages
More than 12,000 instruments to trade on
Different trading account types
Availability of MT4, MT5, RoboMarkets, and R Trader platforms
The account opening process is simple and quick
Multiple deposit and withdrawal options
A wide variety of research tools and resources
A wide range of educational videos


  • Services are not available for customers based in the USA, New Zealand, Australia, and Canada

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