#1 Rated Broker

Interactive Brokers

Capital at risk · T&Cs apply

88 brokers ranked No paid placements

Best CFD Brokers in Panama 2026

Top CFD brokers accepting traders from Panama. Compare regulation, spreads, leverage, and instrument range.

Updated 28 May 2026Rankings are editorially independent — never influenced by commercial partnerships

Based on our 2026 quantitative rating of 88 brokers, Interactive Brokers (4.43/5), IG Group, and FxPro rank as the top choices. Interactive Brokers leads with regulation from SEC, CFTC and 0.2 pips min spread. Rankings are calculated algorithmically — no paid placements.

#1 Interactive Brokers — 4.43/5 · Regulated: SEC, CFTC · Min deposit: $0
#2 IG Group — 4.33/5 · Regulated: FCA, ASIC
#3 FxPro — 4.09/5 · Regulated: FCA, CySEC

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88 brokers

Top Picks

🥇🥈🥉

Interactive Brokers

SECCFTCFCAMASASIC

4.4/ 5

Min. Deposit

Max Leverage

1:4

Spreads From

0.2 pips

Commission

0.005

Advanced tools for professional traders
Access to 150+ markets in 33 countries

Fees Regulation

Visit Broker Review

IG Group

FCAASICMASSEC

4.3/ 5

Min. Deposit

$250

Max Leverage

1:200

Spreads From

0.6 pips

Commission

Commission-free

50+ years in the industry
ProRealTime charts available

Fees Regulation

Visit Broker Review

FxPro

FCAASICCySEC

4.1/ 5

Min. Deposit

$100

Max Leverage

1:500

Spreads From

0.6 pips

Commission

Commission-free

FCA regulated with strong reputation
Supports MT4, MT5, and own platform

Fees Regulation

Visit Broker Review

Also Ranked — 85 brokers

Pepperstone

ASICFCACySEC

4.1/ 5

Min. Deposit

$200

Max Leverage

1:500

Spreads From

0 pips

Commission

3.5

Smart Trader Tools for MT4
Excellent research and education

Fees Regulation

Visit Broker Review

OANDA

FCACFTCASICMAS

4.1/ 5

Min. Deposit

Max Leverage

1:50

Spreads From

0.6 pips

Commission

Commission-free

Historical data and API access
Trusted since 1996

Fees Regulation

Visit Broker Review

City Index

FCAASICMAS

4.1/ 5

Min. Deposit

Max Leverage

1:200

Spreads From

0.5 pips

Commission

Commission-free

13,500+ markets
40+ years in the industry

Fees Regulation

Visit Broker Review

CMC Markets

FCAASICMAS

4.0/ 5

Min. Deposit

Max Leverage

1:500

Spreads From

0.7 pips

Commission

Commission-free

Award-winning Next Generation platform
Strong regulatory profile

Fees Regulation

Visit Broker Review

XM

ASICFCACySEC

3.9/ 5

Min. Deposit

Max Leverage

1:1000

Spreads From

0.6 pips

Commission

Commission-free

Negative balance protection
No deposit/withdrawal fees

Fees Regulation

Visit Broker Review

eToro

FCAASICSECCySEC

4.0/ 5

Min. Deposit

$50

Max Leverage

1:30

Spreads From

1 pips

Commission

Commission-free

Regulated in US, UK, EU, AU
Crypto wallet included

Fees Regulation

Visit Broker Review

#10

Saxo Bank

FCAMASASIC

4.0/ 5

Min. Deposit

$2000

Max Leverage

1:200

Spreads From

0.4 pips

Commission

0.08

40,000+ instruments
Real stocks and bonds, not just CFDs

Fees Regulation

Visit Broker Review

#11

AvaTrade

FCAASICMAS

4.0/ 5

Min. Deposit

$100

Max Leverage

1:400

Spreads From

0.9 pips

Commission

Commission-free

Good educational content
Regulated in 6 jurisdictions

Fees Regulation

Visit Broker Review

#12

Plus500

FCAASICMASCySEC

4.0/ 5

Min. Deposit

$100

Max Leverage

1:300

Spreads From

0.6 pips

Commission

Commission-free

Regulated in multiple jurisdictions
Simple, beginner-friendly platform

Fees Regulation

Visit Broker Review

#13

Capital.com

FCAASICCySEC

4.0/ 5

Min. Deposit

$20

Max Leverage

1:200

Spreads From

0.6 pips

Commission

Commission-free

Low minimum deposit ($20)
No commission, tight spreads

Fees Regulation

Visit Broker Review

#14

BlackBull Markets

FCAASIC

3.9/ 5

Min. Deposit

Max Leverage

1:500

Spreads From

0 pips

Commission

Spreads from 0.0 pips on ECN
No minimum deposit on Standard

Fees Regulation

Visit Broker Review

#15

ThinkMarkets

FCAASIC

3.9/ 5

Min. Deposit

Max Leverage

1:500

Spreads From

0 pips

Commission

3.5

FCA regulated
No minimum deposit

Fees Regulation

Visit Broker Review

#16

FBS

ASICCySECFSCA

3.9/ 5

Min. Deposit

Max Leverage

1:3000

Spreads From

0 pips

Commission

Commission-free

Generous bonus and cashback programmes
Leverage up to 1:3000

Fees Regulation

Visit Broker Review

#17

IC Markets

ASICCySEC

3.9/ 5

Min. Deposit

$200

Max Leverage

1:500

Spreads From

0 pips

Commission

3.5

Regulated by ASIC and CySEC
No requotes

Fees Regulation

Visit Broker Review

#18

FP Markets

ASICCySEC

3.8/ 5

Min. Deposit

$100

Max Leverage

1:500

Spreads From

0 pips

Commission

Spreads from 0.0 pips on Raw account
Supports TradingView

Fees Regulation

Visit Broker Review

#19

ForTrade

FCAASICCySEC

3.8/ 5

Min. Deposit

$100

Max Leverage

1:500

Spreads From

1 pips

Commission

Commission-free

No commissions on spreads
FCA, ASIC and CySEC regulated

Fees Regulation

Visit Broker Review

#20

XTB

FCACySEC

3.8/ 5

Min. Deposit

Max Leverage

1:500

Spreads From

0.1 pips

Commission

Commission-free

Award-winning xStation platform
Strong educational content

Fees Regulation

Visit Broker Review

#21

Swissquote

FCAMAS

3.8/ 5

Min. Deposit

$1000

Max Leverage

1:100

Spreads From

1.3 pips

Commission

Commission-free

Supports MT4 and MT5
Publicly listed company (SWX)

Fees Regulation

Visit Broker Review

#22

Libertex

CySEC

3.7/ 5

Min. Deposit

$10

Max Leverage

1:999

Spreads From

0 pips

Commission

Commission-free

Supports MT4 and MT5
25+ years in the market

Fees Regulation

Visit Broker Review

#23

HFM

FCACySECFSCA

3.8/ 5

Min. Deposit

Max Leverage

1:2000

Spreads From

0 pips

Commission

Micro accounts available
High leverage up to 1:2000

Fees Regulation

Visit Broker Review

#24

Deriv

FCAMAS

3.8/ 5

Min. Deposit

Max Leverage

1:1000

Spreads From

0.5 pips

Commission

Commission-free

24/7 trading on synthetic indices
No commission on most products

Fees Regulation

Visit Broker Review

#25

Admiral Markets

FCAASICCySEC

3.8/ 5

Min. Deposit

$100

Max Leverage

1:500

Spreads From

0 pips

Commission

Strong educational content
Spreads from 0.0 pips on Zero account

Fees Regulation

Visit Broker Review

#26

Exness

FCACySECFSCA

3.8/ 5

Min. Deposit

$10

Max Leverage

1:2000

Spreads From

0.1 pips

Commission

3.5

No withdrawal fees
Extremely high leverage (up to 1:2000)

Fees Regulation

Visit Broker Review

#27

Markets.com

ASICFCACySEC

3.8/ 5

Min. Deposit

$100

Max Leverage

1:300

Spreads From

0.6 pips

Commission

Commission-free

CySEC, ASIC and FCA regulated
Proprietary platform

Fees Regulation

Visit Broker Review

#28

Phillip Capital

MASASIC

3.7/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

0.08

MAS and ASIC regulated
POEMS platform with wide market access

Fees Regulation

Visit Broker Review

#29

Dukascopy

FCAMAS

3.7/ 5

Min. Deposit

$100

Max Leverage

1:200

Spreads From

0.1 pips

Commission

3.5

Historical tick data available
ECN model with deep liquidity

Fees Regulation

Visit Broker Review

#30

IronFX

FCAASICCySECFSCA

3.7/ 5

Min. Deposit

$100

Max Leverage

1:1000

Spreads From

0 pips

Commission

500+ instruments
Strong presence in Africa and Middle East

Fees Regulation

Visit Broker Review

#31

FXCM

FCAASIC

3.7/ 5

Min. Deposit

$50

Max Leverage

1:400

Spreads From

0.2 pips

Commission

Commission-free

Trading Station proprietary platform
Automated trading support

Fees Regulation

Visit Broker Review

#32

FxOpen

FCAASIC

3.7/ 5

Min. Deposit

Max Leverage

1:500

Spreads From

0 pips

Commission

1.5

Very low minimum deposit ($1)
ECN execution available

Fees Regulation

Visit Broker Review

#33

Exante

FCACySEC

3.6/ 5

Min. Deposit

$10000

Max Leverage

1:30

Spreads From

0 pips

Commission

0.02

FCA and CySEC regulated
Access to 50+ global markets

Fees Regulation

Visit Broker Review

#34

Eightcap

ASICFCACySEC

3.6/ 5

Min. Deposit

$100

Max Leverage

1:500

Spreads From

0 pips

Commission

3.5

ASIC and FCA regulated
Crypto CFD trading available

Fees Regulation

Visit Broker Review

#35

Axi

ASICFCA

3.6/ 5

Min. Deposit

Max Leverage

1:500

Spreads From

0 pips

Commission

3.5

Good copy trading via PsyQuation
ASIC and FCA regulated

Fees Regulation

Visit Broker Review

#36

MultiBank Group

ASICFCACySEC

3.6/ 5

Min. Deposit

$50

Max Leverage

1:500

Spreads From

0 pips

Commission

Strong institutional backing
Heavily regulated (14+ regulators)

Fees Regulation

Visit Broker Review

#37

Robinhood

SECCFTC

3.6/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

Commission-free

Crypto trading built-in
No account minimum

Fees Regulation

Visit Broker Review

#38

InstaForex

CySECFSA

3.6/ 5

Min. Deposit

Max Leverage

1:1000

Spreads From

0 pips

Commission

Commission-free

Minimum deposit from $1
PAMM accounts and copy trading

Fees Regulation

Visit Broker Review

#39

FXTM

FCACySECFSCA

3.6/ 5

Min. Deposit

$10

Max Leverage

1:2000

Spreads From

0.1 pips

Commission

0.5

Very low minimum deposit ($10)
Strong regulation (FCA, CySEC)

Fees Regulation

Visit Broker Review

#40

Tiger Brokers

MASASIC

3.6/ 5

Min. Deposit

Max Leverage

1:4

Spreads From

0 pips

Commission

0.01

Low commissions
Access to US, HK, SG, AU markets

Fees Regulation

Visit Broker Review

#41

Fusion Markets

ASIC

3.6/ 5

Min. Deposit

Max Leverage

1:500

Spreads From

0 pips

Commission

2.25

No minimum deposit
Supports TradingView

Fees Regulation

Visit Broker Review

#42

ActivTrades

FCACySEC

3.6/ 5

Min. Deposit

Max Leverage

1:400

Spreads From

0.5 pips

Commission

Commission-free

SmartOrder risk management tools
Proprietary ActivTrader platform plus MT4/MT5

Fees Regulation

Visit Broker Review

#43

Octa

CySECFSCA

3.5/ 5

Min. Deposit

$25

Max Leverage

1:500

Spreads From

0.6 pips

Commission

Commission-free

Zero deposit/withdrawal fees
Copy trading available

Fees Regulation

Visit Broker Review

#44

NAGA

CySEC

3.5/ 5

Min. Deposit

$250

Max Leverage

1:500

Spreads From

0.7 pips

Commission

Commission-free

MT4 and MT5 supported
Crypto included

Fees Regulation

Visit Broker Review

#45

Moneta Markets

ASICFSCA

3.5/ 5

Min. Deposit

$50

Max Leverage

1:1000

Spreads From

0 pips

Commission

Low spreads on raw account
High leverage available

Fees Regulation

Visit Broker Review

#46

Purple Trading

FCACySEC

3.5/ 5

Min. Deposit

$25

Max Leverage

1:500

Spreads From

0.2 pips

Commission

ECN execution
CySEC and FCA regulated

Fees Regulation

Visit Broker Review

#47

TMGM

ASICFCA

3.5/ 5

Min. Deposit

$100

Max Leverage

1:500

Spreads From

0 pips

Commission

3.5

ASIC and FCA regulated
Raw spreads from 0.0 pips

Fees Regulation

Visit Broker Review

#48

Aetos Capital

ASICFCA

3.4/ 5

Min. Deposit

$50

Max Leverage

1:500

Spreads From

0 pips

Commission

3.5

Competitive spreads
ECN execution

Fees Regulation

Visit Broker Review

#49

GMO Click Securities

FSA

3.4/ 5

Min. Deposit

Max Leverage

1:25

Spreads From

0 pips

Commission

Commission-free

Japan's largest retail FX/CFD broker by volume
Very tight spreads from 0.0 pips

Fees Regulation

Visit Broker Review

#50

LiteFinance

CySECFSA

3.4/ 5

Min. Deposit

$50

Max Leverage

1:500

Spreads From

0 pips

Commission

Low commission on ECN accounts ($2/lot)
Social trading and copy trading built-in

Fees Regulation

Visit Broker Review

#51

PrimeXBT

FSA

3.4/ 5

Min. Deposit

Max Leverage

1:200

Spreads From

0.001 pips

Commission

0.05

200x leverage on crypto
Bitcoin-based margin trading

Fees Regulation

Visit Broker Review

#52

Phillip Nova

MAS

3.4/ 5

Min. Deposit

Max Leverage

1:20

Spreads From

0.6 pips

Commission

Commission-free

Phillip Capital Group — established 1975
Crypto CFDs available

Fees Regulation

Visit Broker Review

#53

LYNX Broker

FCAAFM

3.4/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

Trader Workstation (TWS) platform
Options and futures trading

Fees Regulation

Visit Broker Review

#54

VT Markets

ASICCySEC

3.4/ 5

Min. Deposit

$200

Max Leverage

1:500

Spreads From

0 pips

Commission

ASIC and CySEC regulated
Fast execution

Fees Regulation

Visit Broker Review

#55

Just2Trade

SECCySEC

3.4/ 5

Min. Deposit

$100

Max Leverage

1:500

Spreads From

0 pips

Commission

2.5

CySEC and SEC regulated
MT4 and MT5 support

Fees Regulation

Visit Broker Review

#56

GO Markets

ASICCySEC

3.3/ 5

Min. Deposit

$200

Max Leverage

1:500

Spreads From

0.1 pips

Commission

Good MT4/MT5 support
ASIC and CySEC regulated

Fees Regulation

Visit Broker Review

#57

Tickmill

FCACySECFSCA

3.3/ 5

Min. Deposit

$100

Max Leverage

1:500

Spreads From

0 pips

Commission

Spreads from 0.0 pips on Pro account
FCA regulated

Fees Regulation

Visit Broker Review

#58

Tradeview

CIMA

3.3/ 5

Min. Deposit

$100

Max Leverage

1:500

Spreads From

0 pips

Commission

2.5

API trading
cTrader and MT4/MT5 available

Fees Regulation

Visit Broker Review

#59

mBank

KNF

3.3/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

0.19

Poland's largest online bank by customers
Warsaw Stock Exchange (WSE) access

Fees Regulation

Visit Broker Review

#60

FxPesa

CMA

3.3/ 5

Min. Deposit

Max Leverage

1:400

Spreads From

0.6 pips

Commission

Commission-free

MT5 platform
Accepts M-Pesa deposits

Fees Regulation

Visit Broker Review

#61

RoboForex

FSA

3.3/ 5

Min. Deposit

$10

Max Leverage

1:2000

Spreads From

0 pips

Commission

$10 minimum deposit
Copy trading via CopyFX

Fees Regulation

Visit Broker Review

#62

Blueberry Markets

ASIC

3.2/ 5

Min. Deposit

$100

Max Leverage

1:500

Spreads From

0 pips

Commission

Raw spreads from 0.0 pips
Good range of instruments

Fees Regulation

Visit Broker Review

#63

ACY Securities

ASIC

3.2/ 5

Min. Deposit

$50

Max Leverage

1:500

Spreads From

0 pips

Commission

Raw spreads from 0.0 pips
ASIC regulated

Fees Regulation

Visit Broker Review

#64

Capital Index

FCA

3.2/ 5

Min. Deposit

$100

Max Leverage

1:500

Spreads From

0 pips

Commission

FCA regulated
Negative balance protection

Fees Regulation

Visit Broker Review

#65

Windsor Brokers

CySECFSA

3.2/ 5

Min. Deposit

$100

Max Leverage

1:500

Spreads From

0 pips

Commission

Islamic accounts available
CySEC regulated

Fees Regulation

Visit Broker Review

#66

Amana Capital

FCADFSA

3.2/ 5

Min. Deposit

$100

Max Leverage

1:200

Spreads From

0.6 pips

Commission

Commission-free

Strong MENA presence
Arabic language support

Fees Regulation

Visit Broker Review

#67

Pacific Union

FSCAFSA

3.2/ 5

Min. Deposit

$20

Max Leverage

1:500

Spreads From

0 pips

Commission

Low $20 minimum deposit
ECN execution

Fees Regulation

Visit Broker Review

#68

BDSwiss

FSACySEC

3.2/ 5

Min. Deposit

$10

Max Leverage

1:2000

Spreads From

1.5 pips

Commission

Commission-free

One-click trading available
Supports MT4 and MT5

Fees Regulation

Visit Broker Review

#69

Weltrade

FSA

3.2/ 5

Min. Deposit

$25

Max Leverage

1:1000

Spreads From

0 pips

Commission

Commission-free

MT4 and MT5 support
Low minimum deposit ($25)

Fees Regulation

Visit Broker Review

#70

FXGT

CySECFSCA

3.2/ 5

Min. Deposit

Max Leverage

1:1000

Spreads From

0 pips

Commission

Commission-free

Very low minimum deposit ($5)
Crypto deposits accepted

Fees Regulation

Visit Broker Review

#71

Amarkets

FSA

3.1/ 5

Min. Deposit

$100

Max Leverage

1:3000

Spreads From

0.3 pips

Commission

Commission-free

Fixed and floating spreads
Bitcoin trading available

Fees Regulation

Visit Broker Review

#72

Alpari

FSA

3.1/ 5

Min. Deposit

Max Leverage

1:1000

Spreads From

0.4 pips

Commission

Commission-free

Long track record since 1998
Very low minimum deposit ($5)

Fees Regulation

Visit Broker Review

#73

Valutrades

FCAFSA

3.1/ 5

Min. Deposit

$100

Max Leverage

1:500

Spreads From

0 pips

Commission

3.5

MT4 and MT5 support
Low minimum deposit

Fees Regulation

Visit Broker Review

#74

JustMarkets

CySEC

3.1/ 5

Min. Deposit

Max Leverage

1:3000

Spreads From

0 pips

Commission

Very high leverage available
Good range of markets

Fees Regulation

Visit Broker Review

#75

Orbex

CySEC

3.1/ 5

Min. Deposit

$200

Max Leverage

1:500

Spreads From

0.5 pips

Commission

Commission-free

Islamic accounts available
Supports MT4 and MT5

Fees Regulation

Visit Broker Review

#76

Grand Capital

FSA

3.1/ 5

Min. Deposit

$10

Max Leverage

1:500

Spreads From

0.4 pips

Commission

Commission-free

Cent accounts available
Very low minimum deposit ($10)

Fees Regulation

Visit Broker Review

#77

Startrader

CySEC

3.1/ 5

Min. Deposit

$50

Max Leverage

1:500

Spreads From

0 pips

Commission

3.5

CySEC regulated
Raw spreads from 0.0 pips

Fees Regulation

Visit Broker Review

#78

Hantec Markets

FCAASIC

3.1/ 5

Min. Deposit

$1000

Max Leverage

1:500

Spreads From

0 pips

Commission

Institutional-grade liquidity
30+ years in the industry

Fees Regulation

Visit Broker Review

#79

FXChoice

IFSC

3.0/ 5

Min. Deposit

$100

Max Leverage

1:200

Spreads From

0.1 pips

Commission

Commission-free

US clients accepted
Automated trading friendly

Fees Regulation

Visit Broker Review

#80

Coinexx

FSA

3.0/ 5

Min. Deposit

Max Leverage

1:500

Spreads From

0 pips

Commission

Anonymous trading available
ECN raw spreads

Fees Regulation

Visit Broker Review

#81

ACM Gold

FSCA

3.0/ 5

Min. Deposit

$100

Max Leverage

1:500

Spreads From

0.8 pips

Commission

Commission-free

Local customer support
FSCA regulated

Fees Regulation

Visit Broker Review

#82

Darwinex

FCA

3.0/ 5

Min. Deposit

$500

Max Leverage

1:30

Spreads From

0.8 pips

Commission

3.5

Transparent track records
FCA regulated

Fees Regulation

Visit Broker Review

#83

SuperForex

FSA

3.0/ 5

Min. Deposit

Max Leverage

1:3000

Spreads From

0 pips

Commission

Commission-free

Ultra-low $1 minimum deposit
Zero spread accounts available

Fees Regulation

Visit Broker Review

#84

CM Trading

FSCA

3.0/ 5

Min. Deposit

$250

Max Leverage

1:200

Spreads From

1 pips

Commission

Commission-free

FSCA regulated
Strong Africa presence

Fees Regulation

Visit Broker Review

#85

Scope Markets

CMAFSC

2.9/ 5

Min. Deposit

$10

Max Leverage

1:500

Spreads From

0.6 pips

Commission

Commission-free

Africa-focused
Mobile money deposits

Fees Regulation

Visit Broker Review

#86

Hugo's Way

FSA

2.9/ 5

Min. Deposit

$10

Max Leverage

1:500

Spreads From

0 pips

Commission

Low minimum deposit
High leverage

Fees Regulation

Visit Broker Review

#87

Global Prime

ASIC

2.9/ 5

Min. Deposit

Max Leverage

1:500

Spreads From

0 pips

Commission

Transparent pricing
Raw spreads from 0.0 pips

Fees Regulation

Visit Broker Review

#88

Axiory

FSA

2.9/ 5

Min. Deposit

$10

Max Leverage

1:777

Spreads From

0 pips

Commission

3.5

Competitive spreads
Fast execution

Fees Regulation

Visit Broker Review

Frequently Asked Questions

What is CFD trading and how does it work?

A CFD (Contract for Difference) lets you speculate on price movements without owning the underlying asset. You profit (or lose) on the difference between opening and closing price, multiplied by your position size.

What leverage is available on CFDs?

Retail leverage limits vary by regulator: up to 30:1 for major forex pairs (ESMA/FCA), 20:1 for indices, and 2:1 for crypto under EU/UK rules. Professional traders can access higher leverage.

Are CFDs suitable for beginners?

CFDs carry high risk due to leverage — most retail traders lose money. Beginners should start with a demo account, keep leverage low, and focus on risk management before trading live.

What is the minimum deposit to trade CFDs in Panama?

18 brokers on this list accept traders from Panama with no minimum deposit ($0). The lowest non-zero minimum deposit among brokers available in Panama is $1. For better risk management and position sizing, most experts recommend starting with at least $100–$200 regardless of the broker's minimum.

Which is the top-rated broker in this list for 2026?

Based on our scoring algorithm, Interactive Brokers currently ranks #1 with a score of 4.4/5. Scores are recalculated every 24 hours as broker data changes.

Our #1 pick for 2026

Interactive Brokers

SEC CFTC4.4/5

Visit Broker Full Review

How do we rank brokers?

Our algorithm weights regulation (25%), fees (20%), platform (15%), markets (10%), trust (15%) and UX (15%). No paid placements — ever.

Full methodology

Trading involves risk of loss. Rankings are for informational purposes only — not financial advice. Full risk disclosure.

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FxPro

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