Best Forex brokers in Europe

Tap into emerging trends in European Forex Market.

Risk Warning: Remember financial trading is highly speculative & may lead to the loss of your funds.

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FCA

Best Regional Regulator

Runners up: ASIC, ESMA, CySEC

43/44

Legal FX Countries

Based on research in 2021.

Stocks

Popular Trading Asset

Runners up: Forex, Indices CFDs & Crypto.

☑️

Bonus Avalibility

Non Deposit Bonus & Bonus on Deposit.

Europe is one of the leading regions in terms of Forex trading. It is one of the largest and the most active markets on the global Forex scene and hence has the most structured regulatory framework which often imposes certain difficulties to brokerage companies existing in the region. The most significant regulatory authority within the region is the European Securities and Markets Authority (ESMA) which is a role model for numerous top-tier market regulators across the world. Together with Esma, the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority in the United Kingdom (FCA) cooperate closely to establish the safest trading environment for European traders.

The market regulators for Forex trading Europe are famous for the strictest approach to regulations and legal framework. The traders will often encounter various restrictions on leverage, promotional campaigns, margin requirements, etc while trading with European regulated Forex brokers. It sometimes encourages EU Forex traders to seek international brokerage companies outside the region and trade in a more liberal and free Forex market. However, one of the biggest advantages of European brokers is that the trading accounts are supported in EUR, USD, Czech krone, British pound, and other local currencies which makes it less costly in terms of conversions and exchanges.

The leverage offering is very restricted in the European Union as per ESMA’s guidelines. The brokers can offer a maximum of 1:30 leverage on Forex currency pairs and will limit the leverage to 1:2 when it comes to trading cryptos. Despite the restrictions, some of the brokers still manage to support a flexible trading environment and compensate for limitations imposed by the regulatory organs operating in the region.

Top 5 Forex Brokers in Europe

It would be very unlikely that a European trader chooses a broker that holds no regulations whatsoever. However, most of the time it is recommended to go for a regionally regulated Forex broker. The regulations ensure that traders’ funds remain safe no matter what happens to the brokerage company and the regulatory bodies will investigate all money-laundering or identity theft crimes if any occur. We present to you the list of the best European regulated Forex brokers below.

XM

Trading Platform:

MT4, MT5

Max Leverage:

1:1000

Instruments:

Forex, Crypto, Stock CFDs, Turbo Stocks, Commodities, Equity Indices, Precious Metals, Energies, Shares.

Regulation:

CySEC, ASIC, IFSC

Min. deposit:

$5

Open an account

Exness

Trading Platform:

MT4, MT5, App

Max Leverage:

1:Unlimited

Markets:

Forex, CFDs, Crypto

Regulations:

FSA, CySEC, FCA, FSCA, CBCS

Min Deposit:

$10

Open an account

VT Markets

Trading Platform:

MT4, MT5

Max Leverage:

500:1

Markets:

Forex, CFDs, Crypto

Regulations:

ASIC, CIMA

Min Deposit:

$100

Open an account

XM

XM is one of the leading brokerages in Asia which offers a secure and transparent trading experience. It is one of the best options for the best Asian Forex traders for a number of reasons. First of all, the broker is regulated by reliable regulatory authorities including Cyprus Securities and Exchange Commission, Australian Securities and Investments Commission, Financial Conduct Authority, and the International Financial Services Commission. Even though XM does not hold an Asian license at the moment, all four regulatory bodies, CySEC, ASIC, FCA, and IFSC are cooperating with Asian regulators such as FSA in Japan and DFSA in Dubai.

Furthermore, XM offers Islamic trading account types for Muslim traders from Asian countries. The XM Islamic account frees its clients from paying interest rates, such as swap fees or rollover charges on overnight positions. This account type is in full compliance with Shariah laws. Moreover, XM Islamic account has won an award for the best Islamic account of 2020.

The website of the broker, as well as the customer support, is available in multiple languages including Chinese, Arabic, Japanese, and South Korean. In addition to it, the broker also supports various base currencies for traders from Asia and allows them to establish an account in Japanese yen (JPY).

XM

Min deposit: $5

Deposit to Qualify

€600

XM

Deposit Bonus, Live Education

Sponsorships Remaining

10

Open an account

XM is one of the top Forex brokers in Asia for its dedication to the best customer service. The broker offers a 30 USD no deposit bonus for all new registering clients from Asian countries without any investment requirements. Furthermore, Asian traders can start trading with XM for just a 5 USD minimum deposit.

Exness

Exness is a global financial broker that provides access to trading various asset classes including: Forex pairs, CFDs on Stocks, Indices, Commodities and Cryptocurrencies. The broker was established in 2008 and since its creation has managed to attract clients from all over the globe. Currently Exness has more than 1.8 registered customers. Out of which more than 300,000 are trading actively with more than 470 Billion monthly traded volume.

Exness Group is regulated in 7 jurisdictions and therefore considered safe. The list of regulatory bodies include: Seychelles Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC), The Financial Conduct Authority in the United Kingdom (FCA), South Africa Financial Sector Conduct Authority (FSCA), Central Bank of Curacao and Sint Maarten (CBCS), Financial Services Commission in British Virgin Islands (FSC) and Financial Services Commission in Mauritius (FSC). In addition to being strictly regulated, Exness increases the level of safety by providing negative balance protection. What’s more, the broker is a member of The Financial Commission Compensation Fund and keeps clients’ money in segregated accounts.

Exness

Min deposit: $10

Deposit to Qualify

$800

ECS

EAs discounts

Exness

Tailored Support, Fund Segregation & Overall Security

Sponsorships Remaining

10

Open an account

What makes Exness stand apart from the competition is the speed of execution. You don’t need to go through the lengthy process of registration, deposits and withdrawals. Withdrawals with this broker are instant and the customer support is always ready to help.

Exness group offers a full set of MetaTrader platforms and easy-to-use, custom-built Exness Terminal. In order to suit various types of traders, the broker provides Standard and Professional account types. Spreads and commissions vary across different accounts, but in general are very reasonable. The maximum leverage offered by the broker is unlimited. In order to be able to open a Pro account you need to deposit at least $200. As for the Standard account, the minimum amount is starting from $10 and the amount depends on the payment system.

In case you have already decided to open a trading account with Exness, keep in mind that Exness Group does not accept clients from several countries including the USA.

VT Markets

VT Markets is a multi-asset broker established in Sydney, Australia. The broker has more than 10 years of experience in the industry and is strictly regulated by top tier regulatory bodies such as ASIC, FCA of the UK and the Cayman Islands Monetary Authority (CIMA). VT Markets operates globally and serves more than 70,000 client accounts. With more than $100 Billion monthly trading transactions.

The broker offers two types of accounts that are suitable for both intraday and position trading. What’s more, trading fees are affordable and very competitive. In addition, there’s no inactivity fees and most deposit/withdrawal options are not charged by the broker.

VT Markets has won a number of prestigious awards such as: Best Customer Service (2021 Forex Expo), Fastest Growing Broker in Europe (2021 Global Brands Magazine) and others. Amazing customer service available 24/5 and user-friendly web page truly sets VT Markets apart from the competition.

You can trade various instruments with this broker. Including Forex pairs, Indices, Soft and hard commodities, US CFD shares, UK CFD shares, EU CFD shares and HK CFD shares. The total number of instruments is more than 1,000. The broker provides access to a full set of MetaTrader software including mobile apps and web trading platforms.

VT Markets

Min deposit: $100

Deposit to Qualify

$800

ECS

EAs discounts

VT Markets

Tailored Support, Fund Segregation & Overall Security

Sponsorships Remaining

10

Open an account

The maximum leverage available for trading stock CFDs is 20:1. As for the FX pairs, leverage is up to 500:1. The minimum initial deposit required to open a live account with this broker is 100 base currency.

The Bottom Line for European FX Brokers

Europe is one of the most significant and developed Forex markets in the world. Hence it is full of brokerage companies that offer different quality services to the local traders. That is why it is often difficult to differentiate between a decent and an average Forex broker in Europe. There are several important criteria according to which the best European Forex traders should identify their suitable broker: low trading costs, diverse trading portfolio, advanced trading platforms, license, and regulatory compliance, and recognition of the brokerage company.

All five options that we have listed above in the article offer the lowest available trading costs on the market with ultra-tight spreads and little to no commissions on the trades. Some of them even allow EU traders to start trading with just 5 US dollars. Furthermore, these five brokers offer diverse portfolios with a range of markets supported varying from Forex to indices, stocks, and cryptos. All of them offer MetaTrader software with some exclusive proprietary and copy trading platform choices, as well.

XM, HYCM, Monfex, Milton Prime and AvaTrade are highly regulated Forex brokers complying with all the regulations and market standards provided by ESMA, CySEC, or FCA of the United Kingdom. Since all five brokers satisfy all the above-mentioned criteria for the best Forex broker in Europe, you can choose any of them according to your trading style, goals, strategies, or capital.

FAQs on Europe Forex Brokers

Is Forex available in Europe?

Forex is a legal and freely available activity in the European region. Even though the local regulatory framework established by the European Securities and Markets Authority (ESMA) is considerably strict it does not directly affect the experience of the traders. The regulations are there to rather limit the certain offerings of the brokers and make sure that traders’ funds are kept safely and reliably. Furthermore, since Forex is a high-risk containing investment, the regulations will limit the leverage levels that European Forex brokers can offer. ESMA and other regulatory authorities of Europe will also limit the promotional campaigns and bonus offerings within the region.

Which is the most reliable forex broker?

XM and AvaTrade are two of the best-regulated Forex brokers in Europe. They both hold licenses from the European local market regulators - Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority of the United Kingdom (FCA). Both brokers have won numerous industry awards as the most transparent and trustworthy financial companies and are listed among the top 100 financial companies in Europe for traders, as well. These two brokers are in full compliance with GDPR, KYC/AML, data protection, and other requirements of ESMA and keep traders’ funds on segregated accounts.

Which trading app is best in Europe?

The best trading app is offered by AvaTrade for European clients. The broker has designed its proprietary platform called AvaTrade GO which is completely based on the features of the MetaTrader 4 software. The traders can download and install AvaTrade GO from the App Store or Play Store as the app is compatible with both IOS and Android systems. The app allows its users to trade on the go and place our stop their orders, check their trading account balance, execute the traders, deposit or withdraw funds, and access daily market analysis. It takes up to a minute to log in to an existing AvaTrade account on the AvaTrade GO mobile app.

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