Which brokers offer ETF CFDs in the UK?
Verdict
- Pepperstone is our pick among UK brokers offering ETF CFDs: its account tables list 95 ETFs (its markets page says 80+), tradable as CFDs or spread bets, with US ETF CFDs charged $0.02 per share per side.
- The account is held with Pepperstone Limited, FCA-regulated (684312), with FSCS cover for eligible clients up to £85,000.
- Our verified data has no ETF CFD list for Capital.com or other UK brokers, so check their platforms directly.
- If you want to own ETFs for years rather than trade them, a share-dealing account or ISA is usually the better tool than a CFD.
An ETF CFD lets you go long or short on a fund's price with margin, without owning the units. Pepperstone offers one of the clearest published ranges for UK traders, so it is our first stop. Below: what Pepperstone lists, what it costs, how to judge the 'best' ETF CFD broker, and when you should not use a CFD at all.
Pepperstone's ETF CFDs for UK clients
Pepperstone's UK account table (data sourced 12 March 2025) lists 95 ETFs on Standard, Razor and spread-betting accounts; its ETF page describes the range as 80+. US-listed ETF CFDs are charged $0.02 per share on each side, the same as US shares, and that commission applies on Standard as well as Razor. Platforms: the Pepperstone web platform and app, MT5 and cTrader on every account, with MT4 and TradingView on Razor and spread betting.
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Which broker is best for trading ETF CFDs?
On published data, Pepperstone: it states its ETF count, its commission per share, and lets you hold the same ETFs as spread bets. The best broker for you also depends on these points:
- Range: does the broker carry the specific fund you want, such as a sector or bond ETF? Search the platform before you fund.
- Commission model: Pepperstone charges per share on US ETFs; a fund priced at $40 costs more per pound invested than one priced at $400.
- Wrapper: ETF CFDs pay capital gains tax on profits; Pepperstone also offers its ETFs as spread bets, which it says are exempt from CGT depending on your circumstances.
- Stops: Pepperstone does not offer guaranteed stops; Capital.com does on its UK accounts.
An ETF CFD trade, costed
Buying 300 units of a US-listed ETF at $80 on a USD account: position value $24,000; commission 300 × $0.02 = $6 per side, $12 round trip. If the 1:5 retail cap on shares applies (Pepperstone's Australian ETF page cites up to 5x), margin is about $4,800; the order ticket shows the exact figure. Hold past 10 pm UK time and overnight fees apply.
Other UK brokers and the ISA alternative
An ETF CFD is a trading tool. For long-term saving, owning the fund in an ISA avoids financing charges and leverage risk.
| Route | Example | What you get |
|---|---|---|
| ETF CFD or spread bet | Pepperstone (95 ETFs on its table) | Margin, long or short, no ownership |
| CFD and spread betting broker | Capital.com (FCA 793714) | Spread betting and guaranteed stops; ETF list not in our data |
| Investing account or ISA | A Stocks ISA, which Trading 212 lists among its account types | You own the investments; no leverage |
Sources
Published by the brokers.
How many ETF CFDs does Pepperstone offer in the UK?
Its account table lists 95 ETFs (data sourced 12 March 2025); its ETF page says 80+. Pepperstone's own figures differ, so check the platform for a specific fund.
What does Pepperstone charge on US ETF CFDs?
$0.02 per share on each side of the trade, on both Standard and Razor accounts.
Can I short an ETF with a CFD?
Yes. An ETF CFD can be sold to open a short position, with the same margin and risk as a long one in reverse.
CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage; Pepperstone says 73.6% of retail investor accounts lose money when trading spread bets and CFDs with it. Consider whether you can afford to take that risk. Nothing here is investment advice.