BEST Forex Broker List in EUROPE

Europe boasts one of the most accessible and exciting investment and trading markets in the world. With a plethora of online forex brokers, every trader can take the time to find one that suits them perfectly.

Forex in Europe offers one of the most comfortable trading conditions: traders are not limited in trading, and investors have an excellent opportunity to open foreign currency trading accounts.

To help you with this task, we asked our team to test, review, and compare all the top forex brokers in Europe.

When choosing the best forex broker in Europe, we took into account the main factors, including its reputation, awards, as well as its history of work. The results of our tests can be found in the following guide.

Best European Forex Brokers

eToro
Plus500
AvaTrade

Spread for Bitcoin

0.75%

Variable

0.5%

Spread for USD/EUR

3 pips

Variable

1.3 pips

Spread on Amazon

0.09%

Variable

1 pips

Commission

Withdrawal Fee

€25

€0

€0

Minimum Deposit

€100

€100

€100

Time to Withdraw

1 Day

1-3 Days

1+ Day

How Many Cryptocurrencies

16 (plus pairs)

12 (CFD)
Availability subject to regulation

12 (plus pairs)

How Many Currency Pairs

47

70+ (CFD)

60+

How Many Stocks

1,000+

1,500+ (CFD)

90

Platform

eToro + eToroX

Plus500

MT4, MT5 & AvaTradeGo

Mobile App

24/7 Support

Regulation

CySEC

FCA, CySEC, ASIC, MAS

Central Bank of Ireland

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

What Makes These the Best European Forex Brokers?

The best forex brokers in Europe have a couple of things in common; the main one being that they offer a superior forex trading service that makes forex trading accessible to traders. But there is more to it than that.

When we test forex brokers – regardless of which jurisdiction we’re testing for – we use the same criteria to ensure that our reviews are as accurate and reliable as possible.

For example, a good forex broker has to be regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), or another reputable regulatory body, such as a central bank.

Furthermore, all the best forex brokers have a good selection of forex pairs (majors, minors, and exotics), a solid platform with great execution, as well as the tools you need to effectively analyse markets.

All three brokers are commission-free, which gives them an edge. Also, mobile applications that are easy to use and convenient for work deserve special attention.

eToro, Plus500, and Avatrade are great for both beginners and advanced users. Brokers provide useful information to study, thus helping traders to develop. To be considered for our list, a forex broker has to excel at everything.

Best Forex Trading Platforms in Europe

eToro
Plus500
IG Markets

Spread for Bitcoin

0.75%

Variable

6 pips

Spread for USD/EUR

3 pips

Variable

1 pip

Spread on Amazon

0.09%

Variable

Min. $2

Commission

Withdrawal Fee

€25

€0

0%

Minimum Deposit

€100

€100

$250

Time to Withdraw

1 Day

1-3 Days

1-3 Days

How Many Cryptocurrencies

16 (plus pairs)

12 (CFD)
Availability subject to regulation

How Many Currency Pairs

47

70+ (CFD)

80+

How Many Stocks

1,000+

1,500+ (CFD)

12,000+

Platform

eToro + eToroX

Plus500

MetaTrader 4 + DMA

Mobile App

24/7 Support

Regulation

CySEC

FCA, CySEC, ASIC, MAS

ASIC

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

What Makes a Good Forex Trading Platform?

When evaluating the best forex trading platforms in Europe, our team mostly looks at functionality. The goal is to figure out which platform is the most effective for forex trading. You see, while one platform can be the best for stock trading, it might lack the tools needed to trade forex on the same level.

Generally speaking, we start by looking at all the basic features, such as the number of platforms offered (DMA, CFD, FX, etc.), selection of currency pairs, graphs, indicators, and more.

Naturally, we also compare fees and spread and only recommend brokers that are fair and transparent with their pricing.

We also spend a lot of time testing all the additional features offered, which are typically the factors that make a broker unique. These include copy trading, trading robots, gamification, mobile apps, and account types.

What Makes a Good Forex Trading Platform? Honest and lucrative offers, low fees, and ease of use. eToro, Plus500, and IG Markets are the best trading platforms for all the parameters mentioned above.

We have selected only the best platforms that allow traders and investors to develop, as well as navigate the platform with ease.

Best Forex Trading Apps in Europe

Plus500
AvaTrade
IG Markets

Spread for Bitcoin

Variable

0.5%

6 pips

Spread for USD/EUR

Variable

1.3 pips

1 pip

Spread on Amazon

Variable

1 pips

Min. $2

Commission

Withdrawal Fee

€0

€0

0%

Minimum Deposit

€100

€100

$250

Time to Withdraw

1-3 Days

1+ Day

1-3 Days

How Many Cryptocurrencies

12 (CFD)
Availability subject to regulation

12 (plus pairs)

How Many Currency Pairs

70+ (CFD)

60+

80+

How Many Stocks

1,500+ (CFD)

90

12,000+

Platform

Plus500

MT4, MT5 & AvaTradeGo

MetaTrader 4 + DMA

Mobile App

24/7 Support

Regulation

FCA, CySEC, ASIC, MAS

Central Bank of Ireland

ASIC

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

What Makes a Good Forex Trading App?

Never before has mobile forex trading been as relevant as it is today. Applications allow you to make deals while on the way or away from your computer. There is no more need to be chained to one place: you can always keep abreast of developments. To do this, you only need a phone, Internet access, and a suitable application.

To survive in this highly competitive business, every broker needs to offer a great forex trading app.

Intending to offer the most accurate forex trading app recommendations, we rely both on our tests, but also on the opinion of real users, which we collect from the App Store, Google Play, and Trustpilot.

Today, forex apps have developed into stable and effective trading platforms that can be used to monitor open positions and markets, as well as actual professional trading. Because of this, our requirements for the best forex apps are stricter than ever before.

In short, we’re looking for the top three apps that are equally as good or better than the top desktop platforms on the market. That means we expect that the apps have all the tools and features that their respective trading platform does, including all the same assets and analytic abilities.

The applications we have selected are convenient and easy to use, which is perfect for traders of all levels.

BEST FOREX BROKERS FOR BEGINNERS IN EUROPE

TRADE.COM
IG Markets
Plus500

Commission

Withdrawal Fee

0%

0%

€0

Time to Withdraw

1 Day

1-3 Days

1-3 Days

Platform

MetaTrader 4 + DMA

MetaTrader 4 + DMA

Plus500

Mobile App

24/7 Support

Regulation

ASIC

ASIC

FCA, CySEC, ASIC, MAS

Spread on Amazon

Min. £1.5

Min. $2

Variable

Minimum Deposit

£100

$250

€100

How Many Stocks

2,000+

12,000+

1,500+ (CFD)

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

What Makes a Good Forex Broker for Beginners?

A good forex broker for beginners has to be easy to use and accessible for traders that have no to very little experience. That being said, some of the best brokers out there offer platforms that are designed to suit beginners just as well as professionals.

Since most beginners have limited budgets, the most beginner-friendly brokers have low minimum deposit limits and fees, especially for those who aren’t trading on a pro-level.

Moreover, it is very important for novice traders to have 24/7 support in order to receive quick answers to their questions. This is an equally important factor, even for experienced users.

Learning how to trade forex isn’t easy and you want to have support from your broker. Therefore, we also evaluate every broker’s educational efforts. For example, do they offer webinars and guides? Is there a forum? Are you offered an account manager?

Another thing we consider is whether the broker allows traders to grow with them when they start mastering the skills.

Therefore, we have selected the 3 best brokers for beginners that suit all parameters. You get 24/7 support, a manager account, and additional information for in-depth market research. Easy to use, they allow you to develop and use them even after you become a professional in your field.

Best forex brokers for advanced traders in Europe

Plus500
IG Markets
TRADE.COM

Spread on Amazon

Variable

Min. $2

Min. £1.5

Commission

Withdrawal Fee

€0

0%

0%

Minimum Deposit

€100

$250

£100

Time to Withdraw

1-3 Days

1-3 Days

1 Day

How Many Stocks

1,500+ (CFD)

12,000+

2,000+

Platform

Plus500

MetaTrader 4 + DMA

MetaTrader 4 + DMA

Mobile App

24/7 Support

Regulation

FCA, CySEC, ASIC, MAS

ASIC

ASIC

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

What Makes Them the Best for Advanced Day Traders?

A forex broker that’s suitable for advanced day traders naturally needs to be of the highest potential standard. These are not platforms intended for quick and simple trial-and-error trading, but rather for traders who have a solid trading strategy.

Since day trading is intended for buying and selling a financial instrument within one day or even several times during the day, the choice of a broker should be taken as seriously as possible.

Not all brokers are suitable for a large volume of transactions within one day. Moreover, not all offer a user-friendly platform.

Therefore, we have tested different brokers to select the most suitable for professional day trading.

When reviewing brokers for this section, we increase our requirements and spend more time evaluating all the advanced charting tools, automatic robots, alarms, stop-loss orders, execution speed, etc.

Besides being considered the top online forex brokers in the world right now, these three brokers are developed by, and for, day traders.

What Makes the Best Low-Costs Brokers?

Besides the strict requirements that we have mentioned in the previous sections regarding the trading experience in general, there is only one thing that separates the best low-cost forex brokers from the rest. Namely, the cost of trading with the broker.

The above-mentioned brokers all have low or no minimum deposit levels and they work hard on limiting the spread and fees they charge their customers.

The best part with this is that the brokers all offer similar services as all the other forex brokers in Europe, just at a slightly lower cost.

With that in mind, the spread is rarely fixed, meaning it can change from one asset to the next and, therefore, a broker can be cheap for certain currency pairs (often majors), while other pairs (minors and exotic) can be slightly more expensive.

WHAT IS A FOREX BROKER?

Forex brokers offer a variety of services to the markets, including retail Forex traders. They help unlock more trading opportunities that were previously not available.

The market now allows trading with only Internet access and a suitable gadget. In turn, Forex Brokers offer services that can prove useful in helping traders understand price movements and potentially make a profit.

A forex broker is a brokerage service that offers access to the foreign exchange market where you trade in currency pairs, ie. EUR/USD, GBP/SEK, etc.

Today, most forex brokers are online brokers offering forex directly from the market or as derivatives, such as Contract for Difference (CFDs) and spread betting.

BENEFITS OF EU FOREX BROKERS AND PLATFORMS

The main benefit of trading with EU forex brokers and platforms is the strict trading regulation that is in place in the region.

Every licensed and regulated forex broker has to live up to very strict requirements regarding customer safety, fund protection, anti-money laundering, and fairness. Therefore, you can always rest assured that you won’t be ripped off when using an EU forex broker.

CONCLUSION

There are a large number of forex brokers in Europe, but only a few of them can be considered as one of the best. In the guide above, we have listed all the top European forex brokers based on several common factors.

As always, our broker reviews are completely honest, transparent, and accurate.

  • eToro
  • Markets.com
  • 24Option
  • IQ Option
  • BDSwiss
  • HotForex
  • Trade.com
  • Libertex 
  • Plus500
  • XTB
  • InstaForex
  • IG Markets
  • GKFX
  • LionsFX
  • Valutrades
  • XM
  • IronFX
  • Blackwellglobal
  • FPmarkets
  • Amana Capital
  • Admiral Markets
  • Alvexo
  • Bizintra
  • Pepperstone
  • Windsorbrokers
  • FXPro
  • ForexTime
  • HYCM
  • FXGrow
  • Teletrade
  • Trader.online
  • Marketscube
  • Finmaxbo
  • FXCC
  • Oanda
  • Forex.com
  • LCG
  • CMC Markets
  • FXCM
  • iForex
  • IFC Markets
  • AAAtrade
AdamJarfjord1
Adam Jarfjord
Senior Editor

With several years of experience writing financial copy combined with an avid interest in forex trading, Adam possesses a superb understanding of the industry.

FAQ – EVERYTHING ABOUT BEST Forex Broker List in EUROPE

Below, we’ve collected all the most commonly asked questions regarding trading apps in the EU with detailed answers to all of them. As the market grows and the questions change we will update the list and make sure that it’s always up to date.

If you ever have any questions or concerns regarding trading on apps in Europe, you will find the answer below.

How to Choose a Top Forex Broker in Europe

The easiest way to find the top forex brokers in Europe is to rely on our recommendations.

Our team of researchers have many years worth of experience trading forex and have spent countless hours reviewing every licensed broker in Europe. Therefore, you can always trust our recommendations to be fair and accurate.

Also, by using our recommendations, you will save yourself a lot of time, as there is no need to do all the research on your own.

Which is the Most Reliable Forex Broker in Europe?

Any forex broker with a European trading license from CySEC, FCA or a European central bank is reliable. Trading licenses ensure that all brokers operate fairly and under the same requirements regarding customer protection.

How Much Money Do You Need to Trade Forex in Europe?

The short answer is that you need enough to cover the minimum deposit level to open a broker account. Now, every broker set their own limits, meaning the amount you need to trade forex varies.

With that being said, you should never trade for funds you can’t afford to lose and should always stick to a trading budget that suits your life situation.

What Apps Do I Need for Forex Trading in Europe?

The number one thing is that you need a good forex trading app, which is provided by the forex broker you use. In addition, having a third-party analytic app can be very beneficial, while having a great financial news app is absolutely crucial to succeeding.

How to Open a Live Forex Trading Account in Europe?

Start by finding a broker that you think could fit your requirements among our recommendations above. Registering a live account is easy and the process is more or less the same for every broker.

You start by providing the broker with personal information, such as your name, address, email, etc. You will also be asked to answer questions regarding leverage and margin, which is used to determine the margin levels that you’ll have access to.

In order to activate your account fully, you need to verify your identity. This is done by submitting a copy of your ID (passport, driver’s license), as well as a recent utility bill or a bank statement.

The process might seem complicated at first, but it can be completed in a few minutes. Also, brokers provide great instructions on how to verify your identity.

What Time Does the Forex Market Close in Europe?

Technically, the forex market is open 24 hours a day, 5 days a week. This is because the forex market is decentralised.

However, in Europe, the forex market is open during regular business hours, ie. 7am to 4pm (GMT).

When Does the Forex Market Close in Europe?

In Europe, the forex market officially closes at 4pm, Monday to Friday. Although, since the forex market is decentralised, it’s available 24 hours a day, 5 days a week.

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