5 Best Stock CFD Trading Apps in Europe for 2024

List of Top Stock CFD Trading Apps in Europe

How Did FXEmpire Select the Best Stock CFD Apps in Europe?

• We verified each broker is licensed to provide services in Europe.
• We only chose brokers that offer a wide range of global share CFDs to trade on.
• We ensured each broker offered a proprietary or third-party mobile app to access and share CFDs.
• We tested the apps for user-friendliness, reliability, security, and available trading features.
• We made sure each app offers customizable features to tailor to individual preferences.
• We explored each app’s selection of tools and features to ensure they aid in trading decisions.
• We checked if the apps also allow for account management to provide an all-in-one experience.
• We tested the availability of customer support from the trading app.
• We opened live trading accounts to examine the broker’s trading fees and their competitiveness against the industry average.

Using FX Empire’s comprehensive methodology, our team of experts has identified the best forex brokers for auto trading this year. Here’s how we test.

Now let’s explore the selected brokers.

How to choose a stock CFD trading app?

Here is a quick guide on how to choose a stock CFD trading app.

How is the broker regulated?

When trading the stock market, it’s imperative to select a regulated broker authorized and licensed by a government financial authority. Regulated brokers are bound by stringent regulations governing the handling of funds and trade execution. Failure to comply with these regulations can result in penalties and the revocation of their license. Consequently, trading with a regulated broker generally offers the highest level of safety.

However, not all regulated brokers uphold the same standards. In our broker rating assessments, regulators are categorized into three tiers:

• Tier-1 regulators encompass well-established financial authorities such as the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and others.
• Tier-2 regulators maintain rigorous standards but are less known. Examples include the Dubai Financial Services Authority (DFSA) and the Financial Markets Authority of New Zealand (FMA), among others.
• Tier-3 regulators typically hail from offshore jurisdictions, like the Vanuatu Financial Services Commission (VFSC) and the Securities Commission of the Bahamas (SCB).

Discover Best CySEC-regulated brokers and Best FCA-regulated brokers.

Brokers based in Europe must comply with the European Securities and Markets Authority (ESMA) Markets in Financial Instruments Directive MiFID II. It requires brokers to segregate client funds from company funds, provide a negative balance protection to prevent your account from going below zero and participate in a compensation scheme to safeguard client deposits in case of the broker’s insolvency.

Check out our guide on Best MiFID-regulated brokers.

For instance, UK FCA-regulated brokers must be part of the Financial Services Compensation Scheme (FSCS), which covers client deposits up to GBP 85,000 in the event of insolvency. CySEC-regulated brokers must be part of the Investor Compensation Fund (ICF), which covers client deposits up to EUR 20,000.

You can verify a broker’s regulatory status and authorizations by reviewing their legal terms and conditions and consulting the regulator’s register in their operational country. It is advisable to stay clear of unregulated brokers. These brokers operate without adherence to strict rules governing fund handling, leaving clients vulnerable. In the unfortunate event of theft, there are limited legal avenues for reclaiming funds.

Read more about Best European regulated forex brokers.

What fees to consider when trading stock CFDs?

Trading fees play a crucial role in determining your overall profitability. A broker will want to charge the highest fees possible, while the trader will want to have the lowest fees possible. Consider the following fees when choosing a broker:

• Spread: The difference between the buy and sell prices. Discover Best zero spread forex brokers.
• Commission: A fee charged for buying or selling.
• Overnight or swap fee: The cost of holding leveraged or margined positions overnight. Find Best low swap fees brokers.
• Payments: Fees related to depositing or withdrawing funds.
• Inactivity: A charge if no trading activity has occurred for a certain number of months.

A good quality broker will prioritize transparency regarding their fees. If the fee structure is not clear and cannot be found clearly on the broker’s website, it should be seen as a red flag when trading with that broker.

It is also important to be aware that fees for stocks can vary depending on the region. For example, when trading European stocks most brokers – if they charge a fee – will do so in percentage terms of the total trade value (such as 0.1% of the total trade value). When trading US stocks most brokers will quote their fee in cents per share (such as $0.02 cents per share).

Read more about Best low spread forex brokers.

How to choose the best account type?

In my experience, brokers typically offer a variety of trading accounts ranging from one to seven. These accounts differ in terms of tradable instruments, minimum deposit requirements, and the availability of products and tools. However, the main distinction among these accounts often lies in their trading fees.

Trading accounts can generally be classified into two types: commission-free and commission-based.

• A commission-free account imposes no fees for buying or selling. Instead, most fees are included within the spread, resulting in wider spreads on these accounts.
• A commission-based account charges a fee for buying or selling. This fee grants access to price quotes directly from the interbank market or stock exchange, often leading to narrower spreads.

The choice of a trading account depends on the trader’s individual style. Beginner traders may prefer a commission-free account as the costs are integrated into the spread, making risk management decisions simpler. On the other hand, short-term traders might opt for a commission-based account to take advantage of reduced spreads.

Discover Best STP forex brokers and Best ECN forex brokers.

What is CFD leverage, and how does it work?

Leverage has played a significant role in the growth of forex and CFD trading by enabling traders to control larger positions with a small deposit.

For instance, if a broker offers a leverage ratio of 1:5, it means that only $1 of your capital is required to control a position size worth 5 times more. In essence, you can manage a position valued at $500 with just $100.

Reputable European regulatory bodies like the UK’s FCA and CySEC and those who comply with the rules developed by the European Securities and Markets Authority (ESMA) limit retail trading leverage for stock CFDs to 1:5. Conversely, offshore and unregulated brokers who may provide higher leverage, sometimes up to 1:500 on stock CFDs. Caution is warranted when dealing with such brokers.

Check out our list of Best high-leverage forex brokers.

It’s important to know that leverage has the potential to amplify both profits and losses. Your profit or loss is calculated based on the total trade value, not solely on the margin you put up. If your account lacks sufficient capital to control your trade value, the broker may issue a margin call and automatically close your trades, resulting in unforeseen losses. It’s important to exercise caution when considering brokers offering excessively high leverage.

How to choose a suitable trading app?

A trading platform and mobile app serve as your portal to the global stock market. It should allow you to monitor real-time market data, perform analysis, and execute trades with ease. When selecting a platform, take into account the following factors:

• Accessibility: Ensure compatibility across desktop, web, and mobile devices.
• Availability of real-time price data: Verify access to free, real-time price data.
• Integrated tools: Look for built-in drawing tools and technical indicators.
• Educational resources: Seek platforms that offer tutorials to enhance user understanding.
• Customer support: Ensure easy access to customer support services.
• Third-party integrations: Confirm whether the broker allows third-party integrations for added functionality.
• Research: Check for the presence of a dedicated research team providing live market updates directly from the platform or app.

Several widely used forex trading apps include:

• MetaTrader 4 (MT4): A well-known mobile app offering real-time charts with 54 technical analysis indicators and drawing tools, 9 timeframes, and a built-in market news feed. Explore Best MT4 brokers.
• MetaTrader 5 (MT5): An enhanced version of the MT4 app offering the same features, as well as price alerts, multiple chart view options, customizable chart colors, trading level visuals, and market depth (Level 2) data. Discover Best MT5 brokers.
• cTrader: An app tailored for high-frequency traders and scalpers with 65 technical indicators, 10 chart types, 16 drawing tools, price alerts, watchlist, and trade performance statistics. Read more about Best cTrader forex brokers.
• TradingView: A social trading app offering access to global markets including 90 exchanges, advanced drawing tools such as Elliott Waves, highly customizable watchlists, and trading ideas. Check out our picks of Best TradingView forex brokers.
• In-House Proprietary App: Some brokers develop their own unique trading app.

Personally, I like to trade with a broker that offers a platform across multiple devices. If I can’t access the web platform, then at least I have the mobile app to check positions and execute trades.

Check out our list of Best forex platforms in Europe.

What to avoid when choosing a stock CFD trading app?

Here are some things to avoid when selecting a stock CFD trading app:

• Unregulated Brokers: Trading with an unregulated broker carries significant risks. In case of fraudulent activities, there are no safeguards in place to assist in recovering lost or stolen funds.
• Lack of Transparency: Difficulty understanding and verifying a broker’s regulatory status, trading fees, and terms indicates a lack of transparency. A reputable broker prioritizes transparency, ensuring you understand the safety of trading with them and the competitiveness of their fees.
• No Physical Presence: Brokers lacking a physical office and staff in reputable regions raise red flags. Trustworthy brokers typically maintain offices in well-known financial regions and employ a substantial workforce to manage operations and support your trading activities.
• Unrealistic Profit Promises: Brokers making exaggerated and unrealistic promises of significant profits engage in dishonest practices. It’s essential to recognize that all trading involves risks. Any guarantees of profits should be viewed as fraudulent.

How to avoid forex and CFD scams?

Unfortunately, the forex and CFD industry is saturated with fraudulent schemes. Here are some tips to steer clear of them:

• Trade exclusively with brokers regulated by respected financial authorities and verify their licenses on the official regulator’s website.
• Confirm that the broker operates from a physical office within a jurisdiction governed by robust regulatory standards.
• Ensure access to live customer support for prompt assistance with inquiries or issues.
• Perform a thorough background check by scrutinizing online news articles and broker reviews.
• Only use well-known, familiar payment methods for deposits and withdrawals.
• Thoroughly examine the broker’s terms and conditions before entering into any agreements.

Our Methodology

At FX Empire, we utilize a proprietary rating system to evaluate brokers, analyzing 250 data points across nine pivotal categories, which include:

• Trustworthiness: We verify the brokers’ authorizations and licenses by the respective country’s regulatory body.
• Fees: We evaluate trading fees by opening live trading accounts and comparing them to the industry average.
• Trading platform and tools: We test the trading platforms to examine the range of features and their user-friendliness.
• Tradable instruments: We identify the number of tradable instruments to ensure a diverse range of asset classes are available.
• Customer support: We engage with the customer support team to test the ease of access, knowledge, and helpfulness.
• Payment methods: We examine the available deposit and withdrawal methods and their associated fees and processing times.
• Account types: We investigate the features and benefits of each account type, including execution method, minimum deposits, and more.
• Research and education: We assess the quality of the broker’s research and educational materials.

You can read more about our review process here.

For this guide, we focused on a decent range of stock CFDs brokers offer as well as on feature-rich and intuitive proprietary or third-party mobile apps.

Meet Our Writers

The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

Related Broker Guides

• Best Forex Brokers
• Best CFD Brokers
• Best Regulated Forex Brokers
• Best Forex Trading Apps in Europe
• Best Stock CFD Brokers for Europeans
• Best Forex Brokers for Beginners
• Best Forex Brokers for Professionals

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