Published on July 0, 2025
Whether you're just starting out or looking to switch brokers, choosing the right Contract for Difference (CFD) broker can make or break your trading journey. With so many options available, it’s easy to get overwhelmed — but with the right criteria, you can find the perfect match for your trading style.
In this guide, we’ll walk you through the 7 most important factors to consider when selecting a CFD broker and provide a free downloadable checklist to help you compare brokers side-by-side.
The first and most important factor is regulation . Always check if the broker is regulated by top-tier authorities like:
Regulated brokers are required to follow strict financial standards, transparency rules, and client protection policies. Look for features like segregated accounts, which ensure your money is kept separate from the broker’s operational funds.
Your trading platform is your control center. The most popular platforms include:
Ask yourself:
Many traders focus only on spreads, but several other costs can eat into your profits:
A broker might offer tight spreads, but hidden fees could cost you more in the long run.
What do you want to trade? Different brokers specialize in different markets:
Make sure your chosen broker offers the assets you’re interested in — and ideally with strong liquidity.
Leverage allows you to control large positions with small capital — but it also increases risk.
Common leverage ratios:
Beginners should stick to low leverage (e.g., 1:10–1:20). Experienced traders should understand margin calls and stop-out levels.
Customer support is often overlooked — until you need help fast. Look for:
Before depositing real money, send them a test question and see how quickly they respond.
Never skip this step. A demo account lets you:
Some brokers offer limited-time demos, while others give unlimited access.
While not essential, these features can enhance your experience: