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Discover The Best CFDs For Futures Trading

Futures contracts are derivative financial instruments that allow traders to speculate on the future price of an underlying asset.

Exness

Beginner score 4.7/5

FBS

Beginner score 4.5/5

HFM

Beginner score 4.5/5

TOP FX

Beginner score 4.5/5

XM

Beginner score 4.4/5

FP markets

Beginner score 4.4/5

FXTM

Beginner score 4.3/5

Xtream Forex

Beginner score 4.3/5

IQ options

Beginner score 4.3/5

IC market

Beginner score: 4.2/5

Find below the pros of best CFD brokers available in Pakistan, updated for 2023:

  1. Exness – the best broker for beginners in 2023. Free stock and ETF trading. Seamless account opening. Social trading.
  2. FBS – Commission-free stock and ETF trading. Fast and easy account opening. Quality analytical tools and excellent education services.
  3. HFM  – Real stocks and ETFs are commission-free. Quick and easy account opening. Great trading platforms.
  4. TOP FX  – Free stock/ETF trading and high 5% interest on uninvested cash. Fast and easy account opening. Great trading platforms.
  5. XM – Free stock and ETF trading. Easy and fast account opening. Great mobile trading platform.
  6. fp markets – Great API trading service. Free stock & ETF trading. Fantastic charting tools.
  7. FXTM – Real stocks and ETFs are commission-free. Quick and easy account opening. Excellent education and customer support.
  8. Xtream Forex – Commission-free real stocks and ETFs. Quick and easy account opening. Great email and phone support.
  9. iq options – Low trading fees (free stock and ETF trading). Superb desktop trading platform. Great customer support.
  10. IC market – Low trading fees. Easy and seamless account opening. Strong parent company.

To see the top brokers in another country choose from the list below

Popularity of the best CFD brokers

Interested in what others think? Here’s how many people chose these brokers at The Brokers Rating in the last 6 months.

Exness
33,269
FBS
3,179
HFM
13,659
TOP FX
4,488
XM
4,257
fp markets
20,750
FXTM 
5,005
Xtream Forex 
1,635
iq options 
8,418
IC market 
4,484

Can I trust these online brokers?

Yes, The Brokers Rating exclusively recommends legit brokers, overseen by at least one globally acknowledged regulator. We track more than 20,000 brokers and trading platforms that we don't recommend. To be sure that a broker is reputable and reliable, use Scam Broker Shield tool.

Key criteria determining a broker’s trustworthiness are: regulation, availability of investor protection, as well as a long and spotless track record. Explore the interactive table below, encompassing this array of vital data.

What is CFD trading?

CFDs, short for contracts for difference, are derivative products used to speculate on the price movements of a wide range of financial instruments. A CFD is a contract between two parties under which the seller pays the buyer the difference between the current value of an asset and its value at the time the contract is due.

When trading CFDs, you speculate on whether the price of movement of a financial instrument (i.e. stock, bond, commodity, etc.) will go up or down, without owning the underlying asset . Instead of buying a Vodafone stock, at a CFD broker you will speculate on the direction you think the Vodafone stock will go. If your guess is right, you will make profit on your CFD trade.

There are, however, two [free financial zones in the UAE, which have their own regulatory regimes, albeit they still impose stringent rules to protect clients. These are the Abu Dhabi Global Market (ADGM) and, the better known Dubai International Financial Center (DIFC).

CFDs are leveraged products, meaning that you trade with your own money as well as funds you borrow from your broker. This makes CFD trading extremely risky and not suitable for beginners. A very high percentage of retail traders lose money when trading CFDs.

CFD trading is illegal in the U.S.. However, if you open an account at a European broker, you will be able to trade CFDs on U.S. assets.

And now, let’s see the top international online brokers for 2023 for residents in in detail one by one, starting with the winner, Admirals (Admiral Markets).

Exness

Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading.

77% of retail CFD accounts lose money

FBS

Recommended for investors and traders looking for zero-commission trading and focusing on us markets.

HFM

Recommended for investors and traders looking for zero-commission trading and easy platforms.

68% of retail CFD accounts lose money

TOP FX

Recommended for traders interested in algorithmic stock trading.

XM

Recommended for investors and traders interested in commission-free trading and a focus on us stocks and options.

fp markets

Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform.

FXTM

Recommended for investors and traders looking for low fees, quick account opening and simple platforms.

77% of retail CFD accounts lose money

XtreamForex

Recommended for investors and traders looking for solid research, low fees and great customer service.

52.55% of retail CFD accounts lose money

iq options

Recommended for investors and traders looking for solid research and great trading platforms.

77% of retail CFD accounts lose money

IC Markets

Recommended for long-term investors looking for great etf and mutual fund selection.

How did The Brokers Rating select the best CFD brokers?

  • We checked whether the broker is regulated by a trusted regulator.
  • Compared fees (including spreads, withdrawal fee, commission).
  • Specifically compared CFD fees.
  • Checked minimum deposit requirements.
  • Looked at the range of CFDs available.
  • Opened an account and tested the platform (charting, features, usability) with real money.

Save hours of research!

Our expert team has done all the work for you, and reviewed brokers based on The Brokers Rating unique methodology.

FAQ

While CFDs have many benefits, including access to a wide range of markets with little capital needed upfront, the ability to bet on falling as well as rising markets, making them very popular with online traders, However, they come with high risk of losing your money.

The biggest risk comes from the use of leverage. Leverage means that you borrow money from your broker, which will enable you to spend more money on opening a position than you otherwise would be able to. It’s also called trading on margin, where margin is the percentage of the total value of the trading position you are required to put down.

At 100:1 leverage, you only need to deposit just 1% of the position’s value. So with $10 you can control a position of $1,000 in value. But if you get your bet wrong, you lose many times the amount you deposited. Leverage amplifies you gains as well as your losses.

There are several other risks involved, such as the risk from inexperience, whereby beginners are bound to make expensive mistakes. There is the risk of choosing an unreliable provider and losing your money that way if it goes bust. Markets are risky by definition due to volatility and a lot of unexpected events that affect them.

To limit these risks you should only trade CFDs if you fully understand them, including risk management tools, such as stop-loss and take profit orders. A lot of brokers offer a good selection of educational materials. Also, you should practice trading on a demo account with virtual funds first, to avoid risking your capital. Only trade live, when you are fully confident.

To better understand CFDs and the risk involved, read this article on CFD trading tips compiled by our team of experts.

Yes, CFD trading can be profitable and investors may make handsome profits when trading these products. Nevertheless, CFDs are very risky instruments, especially because they are leveraged products. Leverage refers to the loan extended by the broker, which allows you to invest a much larger amount of money. Over three quarters of retail trading accounts lose money when trading CFDs. CFDs are by no means a guarantee for getting rich overnight.

The main difference is ownership. You can get exposure to stock markets by trading share CFDs, whithout owning the underlying share that you are betting on. To trade shares outright, you need to buy them via a broker and you own them. The advantage if share CFDs is that you can speculate on a high number of shares without a big capital outlay. The benefit of owning stocks is that they are ideal for long-term investment.

The other difference is leverage. When you trade CFDs, your broker gives you leverage, a loan, meaning that you are able to control a large position with a small initial deposit. With share trading, you buy a share from your own captital and selling it means that you transfer the ownership rights to a buyer. Typically, share are for investing on a longer time horizon, while CFD trades are typically closed out within the day. Both have their advantages and drawbacks, depending on your circumstances and financial goals.

CFDs are high risk instruments and are not recommended for beginners. CFDs are very risky because they are leveraged products. Leverage in this case means that you trade with your own money and the funds your broker lends you. While you can open much larger positions this way, you can magnify your profits and your losses. CFDs are widely used by experienced traders with a deep understanding of financial markets and investment strategies. If you are an absolute beginner, it makes sense to open a demo account and do a lot of research. Data shows that over three quarters of retail trading accounts lose money when trading CFDs.

Want to understand CFD trading in more detail?

Check out these articles written by our broker and trading experts:

  • CFD trading explained.
  • New EU regulations on CFDs.

Top CFD Providers For Futures Trading

  • Provider A: Known for its extensive selection of futures contracts, competitive spreads, and user-friendly platform.
  • Provider B: Offers high leverage options and advanced trading tools for futures traders.
  • Provider C: Specializes in specific futures markets, with tailored solutions for futures trading.

Author of this article

I bring extensive financial expertise as one of The Brokers Rating earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

Everything you find on The Brokers Rating is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Why Choosing The Right Broker Matters?

Choosing the right broker is the first crucial step in your investment journey. A reliable broker can provide you with the tools, resources, and support needed to make informed decisions and grow your wealth.

Risk Management Made Simple!

The listed brokers make risk management a breeze for new traders. They provide you with the knowledge and tools needed to understand, assess, and mitigate risks effectively.

24/7 Support – Your Safety Net!

The listed brokers offer 24/7 customer support to ensure that you’re never alone on your trading journey.

No Hidden Fees, No Surprises!

We understand how frustrating hidden fees and unexpected charges can be for new traders. That’s why we’ve listed brokers who are committed to fair and transparent trading conditions.

Demo Accounts: Practice Without Risk!

New to trading? No problem! The listed brokers offer demo accounts, allowing you to practice trading without risking your hard-earned money. It’s the ultimate risk-free training ground where you can test strategies, hone your skills, and build confidence.

Top brokers

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