Are you looking for the best brokers for trading ETFs (CFDs)? If Yes, then you’re in the right place because we have compiled a list of the best ETF brokers for you.
We have done this by using our ranking methodology to carefully test and pick among the best and most reputable CFD brokers offering ETFs.
Ranking Methodology – While testing and ranking the best brokers for trading ETF, some of the critical factors which influenced our judgments include; regulatory compliance & safety, product offering, execution model, execution speed, assets offered, trading cost (trading and non-trading fees), trading platforms provided, research offering, education offered, and customer support service.
Table of Contents
5 Best Brokers For Trading ETF in 2022
- IG
- Saxo Bank
- CMC Markets
- Admirals
- RoboForex
1. IG
IG is a highly reputable global online broker and one of the largest CFD providers in the world in terms of revenue and trade volume. It was established in 1974 by IG Group plc, a publicly-traded company on the London Stock Exchange and a constituent of the FTSE 250 Index.
IG offers spread betting, stockbroking, and CFD trading across a wide variety of global markets, including forex, shares, indices, commodities, cryptocurrencies, options, bonds, interest rates, sectors, and ETFs with over 18,000+ instruments to trade.
Along with access to a wide array of global markets, you can also enjoy exceptional brokerage services such as deep liquidity, superior trade execution, volume-based rebates, sophisticated trading platforms, expert customer support service, and much more.
IG’s ease of use, advanced trading tools, range of markets, research, and rich education offering, make it an excellent broker for both beginner and professional traders. Also, active and high-volume traders are welcomed with exceptional trading conditions and volume-based rebates, which can help keep trading costs down.
IG Overview
| Broker | IG |
|---|---|
| Regulation | CFTC, FCA, ASIC, FCA, FINMA, FMA, MAS, FSA, FSCA, DFSA, and BMA. |
| Forex Pairs | 81 Currency Pairs |
| Trading Platforms | ProRealTime, L2 Dealer, MetaTrader 4 |
| Minimum Deposit | $300 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:222 1:30 (for ESMA clients) |
| Account Currencies | USD, GBP, AUD, EUR, SGD, HKD. |
| Payment Methods | Bank Wire Transfer, Credit/Debit Cards, Paypal |
| Trading Tools | APIs, Virtual Private Server (VPS) |
Pros
- Strong regulatory framework.
- It is listed on the stock exchange.
- 45 years of industry experience.
- Accepts US clients.
- Established in 15 Countries worldwide.
- 313,000+ clients worldwide.
- Deep liquidity.
- Volume-based rebates.
- No minimum deposit for bank transfers.
- Industry-standard trading platforms.
- Excellent educational offering for beginner, intermediate and advanced traders.
- Outstanding research offering.
- Excellent customer support service.
Cons
- Inactivity fee charged (after two years of inactivity).
- No copy/ social trading platform.
2. Saxo Bank
Saxo Bank is a reputable Danish investment bank specializing in online trading and investments. Saxo connects traders and investors to a massive range of over 40,000+ financial products, including forex, cryptocurrencies, stocks, commodities, futures, forex options, listed options, ETFs, bonds, mutual funds, and CFDs (on forex, single stocks & ETFs, indices, bonds, commodities & index options) all from a single integrated trading account.
Saxo’s outstanding trading solutions and services include; deep liquidity, professional-grade trading platforms, ultra-competitive pricing, low forex trading fees, quality in-platform research, quality educational offering, VIP benefits, and excellent customer support service.
The brokerage solutions offered by this broker are designed to meet the needs of high-volume traders, professionals, advanced active traders, investors, and institutions.
In contrast, the services offered by Saxo Bank would be less suitable for you if you’re a low-volume trader, as there are few that you might encounter, some of which include high minimum deposits (depending on your region) and tiered pricing structures which are more favorable to high volume traders.
Saxo Bank Overview
Broker | Saxo Bank |
|---|---|
| Regulation | FSA, FCA, JFSA, ASIC, FCA, Bank of France, SFBC, CONSOB, MAS, JFSA |
| Forex Pairs | 182 |
| Trading Platforms | SaxoTraderGO, SaxoTraderPRO, MetaTrader 4, TradingView. |
| Minimum Deposit | $2000 or currency equivalent. (varies for different countries) |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:200 |
| Account Currencies | AED, AUD, CAD, CHF, CNH, GBP, JPY, PLN, SGD, CZK, HKD, MXN, RON, ZAR, DKK, HUF, NOK, RUB, TRY, EUR, ILS, NZD, SEK, USD |
| Payment Methods | Bank Wire Transfer, Card Payments, Sub-account Transfer, Portfolio Transfer (Broker to Broker) |
| Trading Tools | FIX and OpenAPI, OpenAPI for Excel, Dynamic Trend, MultiCharts, Updata |
Pros
- Strong regulatory framework.
- Over 25+ years of experience in the industry.
- 810,000+ customers in over 180 countries worldwide.
- Wide product portfolio.
- Offers managed portfolios (SaxoSelect).
- Wide range of asset classes.
- Deep liquidity.
- Multiple industry standard trading platforms.
- Fast trade execution.
- Competitive spreads.
- Lower fee rates for active traders (Active Trader Program).
- Outstanding research offering.
- An extensive list of educational offerings (including webinars, courses, guides, and tutorials).
Cons
- The demo account duration is limited to only 20 days.
- An inactivity fee is charged per quarter.
- High minimum deposit in certain countries.
- Limited deposit and withdrawal methods.
3. CMC Markets
CMC Markets is a global Forex and CFD provider established in 1989 by CMC Group, a publicly-traded company listed on the London Stock Exchange and a constituent of the FTSE 250 Index.
CMC Markets offers forex, CFDs, and spread betting across a wide variety of global markets, including forex, indices, commodities, shares, ETFs, cryptocurrencies, and treasuries, with access to over 11,000+ instruments.
With more than 30 years of industry experience, CMC continues to offer its rapidly growing client base various unique trading solutions, such as advanced trading platforms, competitive pricing, superior order execution, and excellent customer support service.
CMC Markets offers a unique brokerage solution for beginner and professional traders. You would benefit from CMCs’ emphasis on ease of use, education, and excellent customer support service as a beginner. Experienced traders can also take advantage of its competitive pricing, higher leverage option, advanced trading platforms, and cash rebates.
CMC Markets Overview
| Broker | CMC Markets |
|---|---|
| Regulation | ASIC, IIROC, BaFin, MAS, FCA, FMA, DFSA |
| Forex Pairs | 300+ |
| Trading Platforms | Next Generation platform, MetaTrader 4 |
| Minimum Deposit | $0 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | GBP, EUR, USD, AUS, CAD, NOK, NZD, PLN, SEK, SGD |
| Payment Methods | Wire Transfer, Credit / Debit Cards, Electronic Payments. |
| Trading Tools | FIX API, Virtual Private Server (VPS) |
Pros
- Strong regulatory framework.
- Over 30+ years of industry experience
- Great for beginners.
- Trusted by over 300,000+ global clients.
- Deep liquidity.
- Fast order execution.
- Over 330+ currency pairs.
- No minimum deposit.
- Industry-standard trading platforms in web, mobile and desktop versions.
- High leverage (Up to 1:500).
- Fast and secure payment methods.
- Excellent customer support service.
Cons
- Its product offering is limited to only CFDs.
- Withdrawal fee charged for international bank transfer.
4. Admirals
Admirals is a leading forex and CFD provider established in 2001 by the Admiral Group. It offers over 8000+ instruments across various global markets, including forex, commodities, indices, stocks, ETFs, and bonds.
Along with access to over 8000+ instruments, traders can also enjoy several other exceptional trading services such as deep liquidity, superior order execution, industry-standard trading platforms, competitive spreads from 0.0 pips, multiple fast & secure payment methods, impressive educational and research offerings, and an excellent customer support service.
Admirals is a suitable broker for both beginner and professional traders. It is also ideal for traders who enjoy using the MetaTrader trading terminal and all that it offers because it offers multiple MetaTrader-themed account types, which enables traders to choose a MetaTrader account type that best suits their trading needs.
Admirals Overview
| Broker | Admirals |
|---|---|
| Regulation | FCA, EFSA, JSC, CySEC and AFSL. |
| Forex Pairs | 50 Currency Pairs |
| Trading Platforms | MetaTrader Web Trader, MetaTrader 4, MetaTrader 5 |
| Minimum Deposit | $100 or currency equivalent. |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | EUR, USD, AUD, BGN, CHF, CZK, GBP, HRK, HUF, NOK, PLN, RON, RUB, SEK, CNY, SGD, CLP, IDR, MYR, THB, VND |
| Payment Methods | Bank Transfer, Credit/ Debit Cards, Paypal, Klarna, Skrill, Neteller, SafetyPay, Przelewy, iBank & BankLink, iDeal |
| Trading Tools | MetaTrader Supreme Edition, StereoTrader, Virtual Private Server, Parallels for Mac |
Pros
- Strong regulatory framework.
- Great for beginners.
- Deep liquidity.
- Industry-standard trading platforms in web, mobile and desktop versions.
- Tailored account types with excellent trading conditions.
- Wide range of asset classes.
- Competitive spreads and low commissions.
- A wide selection of secure deposit and withdrawal methods.
- Fast order execution.
- Offers Isalmic swap-free account.
- Outstanding education offering.
- Excellent market research and analytics offering.
- Friendly and multi-lingual customer service.
Cons
- The demo account is available for only 30 days.
5. RoboForex
RoboForex is an award-winning online broker established in 2009. It has won several awards for its outstanding brokerage service and has a growing client base of over 4.5 million+ active traders across 169 countries worldwide.
With RoboForex, traders can trade CFDs across various asset classes, including forex, stocks, indices, ETFs, commodities, energies, metals, and cryptocurrencies, with over 12,000+ instruments available to trade.
Some of the outstanding brokerage services offered by RoboForex includes deep liquidity, fast order execution, multiple fast and secure payment methods, low forex trading fee, multiple industry-standard trading platforms, low minimum deposit, and excellent customer support service.
RoboForex offers a fully established brokerage service suitable for all levels of traders, as well as various trading styles and strategies. It also offers different account types with great trading conditions, which traders can choose from to enjoy a tailored trading experience.
RoboForex Overview
| Broker | RoboForex |
|---|---|
| Regulation | IFSC (Belize) |
| Forex Pairs | 40+ |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, R WebTrader, R MobileTrader, R StocksTrader |
| Minimum Deposit | $10 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:2000 |
| Account Currencies | USD, EUR, RUB, CNY, GOLD |
| Payment Methods | Bank Wire Transfer, Credit/ Debit Cards (VISA, Mastercard, JCB China UnionPay), Neteller, Skrill, PayPal, Poli, Perfect Money, AdvCash, NganLuong Wallet, Fasapay, QIWI Wallet, Yandex.Money, Mobile Money, WeChat Pay, ecoPayz, AstroPay, Card,s and Vouchers. |
Pros
- Fully regulated in Belize by the IFSC.
- Serves over 800,000 clients from 169 countries.
- Beginner friendly.
- Hassle-free account opening process.
- Deep liquidity.
- Ultra-fast order execution.
- Multiple industry-standard account types.
- Multiple industry standard trading platforms in web, mobile and desktop versions.
- Multiple fast and secure payment methods.
- Great bonuses and giveaways.
- Offers copy trading through its proprietary trading platform, CopyFX.
- Excellent customer support service.
Cons
- Limited account base currency options.