Editorial only. Trading CFDs is high-risk — most retail accounts lose money. We are not a broker and not a financial adviser. Capital at risk. Verify regulation and terms directly with each broker before opening an account.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Each broker’s own published share of retail accounts that lose money is shown beside it. We are not a broker and do not hold client money.
Choose a broker the way a family office would.
Who regulates it, under which licence, and how many retail accounts lose money there — before anything else. Then one pick for where you live.
You: United Kingdom · long-term, few trades · low costs.
Three answers — country, style, what matters most — give one broker and one alternative. Only brokers we hold, with links we have checked, are considered; the broker confirms your eligibility at sign-up.
Brokers we hold, licence first
Licence numbers as held in our data — check them on each regulator’s own register.Licence numbers and loss percentages are taken from each broker’s own disclosures as recorded in our broker data; loss figures are per entity where the broker publishes them that way and are refreshed by the brokers periodically. Brokers whose links are country-gated are not listed here. We may earn a commission when you open an account through these links.
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Capital at risk. Not financial advice. Tax on profits may apply.
Independent paid communities on Whop, not NorwegianSpark products and not endorsements. Looking is free; membership is charged by each owner. NorwegianSpark earns a commission if you subscribe, at no extra cost to you. No performance, profit or accuracy claim made by any of these communities is reproduced here.
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Sponsored. CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage — 65% of retail investor accounts lose money when trading CFDs with AvaTrade (AvaTrade's own warning, AVA Trade EU Ltd, read 10 October 2026). Availability and the regulating AvaTrade entity vary by country; confirm which entity onboards you before depositing. Not financial advice.
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NorwegianSpark earns a commission when you sign up — at no extra cost to you. CFDs are complex, leveraged instruments. A high proportion of retail investor accounts lose money trading CFDs. Capital at risk. Not financial advice.
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NorwegianSpark earns a commission when you sign up — at no extra cost to you. CFDs are complex, leveraged instruments. Between 73.6% and 80% of retail investor accounts lose money trading CFDs with this provider, depending on which Pepperstone entity you trade with (FCA 73.6%, CySEC 74.1%, BaFin 76.1%, SCB 80%). Capital at risk. Not financial advice.
Our Content Pillars
Everything you need to trade with confidence — expert guides, broker reviews, and tutorials
Regulatory Guides
Navigate the regulatory landscape with in-depth guides for 8 countries
Explore Guides| Pair | Bid | Ask | Typical Spread |
|---|---|---|---|
EU EUR/USD | 1.08542 | 1.08551 | 0.9 |
GB GBP/USD | 1.27183 | 1.27196 | 1.3 |
US USD/JPY | 149.832 | 149.844 | 1.2 |
AU AUD/USD | 0.65234 | 0.65248 | 1.4 |
US USD/CHF | 0.89621 | 0.89634 | 1.3 |
NZ NZD/USD | 0.60342 | 0.60358 | 1.6 |
US USD/CAD | 1.36421 | 1.36437 | 1.6 |
EU EUR/GBP | 0.85312 | 0.85325 | 1.3 |
Illustrative sample only — these are not live quotes and do not update. Actual spreads move continuously and vary by broker, account type and market conditions; verify current spreads directly with the broker. Not investment advice.
| # | Broker | Regulation | EUR/USD Spread | Min. Deposit | Verdict | Visit |
|---|---|---|---|---|---|---|
| 1 |  Saxo Bank Copenhagen, Denmark | FSA DenmarkFCAASIC+2 | 0.4 pips | $2,000 | Excellent | Review |
| 2 | Pepperstone Melbourne, Australia | FCAASICCySEC+4 | From 0.0 pips | $10 | Excellent | Visit |
| 3 |  IG Group London, UK | FCAASICBaFin+2 | 0.8 pips | $250 | Excellent | Review |
| 4 | IC IC Markets Sydney, Australia | ASICCySECFSA | From 0.0 pips | $200 | Excellent | Review |
| 5 |  CMC Markets London, UK | FCAASICMAS+1 | 0.7 pips | None | Great | Review |
FSA Denmark
FCA
ASIC
CySEC
BaFin
MASEditorial only. Trading CFDs is high-risk — most retail accounts lose money. We are not a broker and not a financial adviser. Affiliate disclosure: we may receive compensation when you click broker links. This never affects our rankings.
Guides & Analysis
Independent research. No paid placements. No financial advice. More in the journal.
What Does FCA Regulated Mean? FCA Regulation Explained for Traders
What FCA regulated means for your money: segregated client funds, FSCS cover up to £85,000, retail leverage caps, and how to check the FCA register.
ESMA Rules Explained: Forex Leverage Limits & Negative Balance Protection
What is ESMA and what leverage can EU retail traders get? 30:1 on major pairs to 2:1 on crypto, plus negative balance protection and the 50% close-out.
Spread vs Commission in Forex: Which Pricing Actually Costs More?
Spread-only vs raw spread plus commission: how forex brokers charge, how to turn both into one cost per lot, and the break-even point for each.
How Leverage Works in Forex — Margin, Examples and Why It Wipes Accounts
What leverage means in forex, how margin and stop-outs work, worked examples at 30:1 and 500:1, and how to choose the leverage you use. Capital at risk.
MetaTrader 4 vs MetaTrader 5: Which Should You Use?
MetaTrader 4 or 5: which should you use? Most brokers still offer MT4 alongside MT5 (11 of the 15 on our file). The comparison that actually matters.
How to Spot a Forex Scam Broker: 12 Red Flags
How to spot a forex scam broker: 12 red flags to check before you deposit, from fake regulation and withdrawal traps to cold contact, and what to do next.
Wise — Fund Your Trading Account
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Open Wise AccountCapital at risk. Not financial advice. Tax on profits may apply.
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