Best Forex brokers in Europe and how to find them

When it comes to comfort and convenience for a Forex broker there’s no place better than the European Union itself. The traders can enjoy a non-restricted market, they have no restrictions in opening currency trading accounts neither in trading

When we’re talking about foreign exchange, there is absolutely no way we can ignore Europe as it packs probably the biggest punch when it comes to trading, I mean come on it houses one of most sought-after currencies in the world: the European currencies, including EUR and СHF, are traded in almost 50% of the daily Forex operations. Nearly every major market player has an office in Europe.

European traders have quite a large pool of brokers that you can choose from, whichever you like odds are they have them on a list. Besides the fact that Europe doesn’t cover much of the land mass on the planet, it covers quite a large amount of its finances, therefore making it a very good investment for brokers to be open and accessible. Because of this popularity, the European Union has made everything it could to attract more and more brokers within its borders, why wouldn’t they? it’s more income for them and their citizens. Because of this European Forex brokers are the best developed and regulated in the entire world.

What’s so great about EU for brokers?

Forex brokers Europe

Imagine if you’re living in China as a businessman and one of your biggest competitors is living in Japan. Now imagine that all of you goods and services heading towards the US have absolutely no increased costs and delays, it’s smooth and fast, a recipe for success, right? well, the same thing is with European Forex brokers. If you register in any EU country you can operate within it with no extra taxes and costs or delays, elevating your service a step above any other foreign competitor.

Best Forex brokers in Europe

When you are choosing a Forex broker, be sure to make your research thorough, thankfully researching EU based brokers is as easy as it gets because the regulations demand that they stay as transparent for their users and regulators as possible. Don’t be afraid to dig deep when you visit their website, always check the reviews on the application, most of the times a brave soul decides to go in blind and review it for the sake of others. When you look at it with practicality in mind, you see the simple solutions for choosing a reliable European Forex broker, for example it is crucial to look into the broker’s operational work, like commision percentages, quality of the customer support based on reviews, what’s the minimum deposit, what’s the maximum leverage, major currency spreads, and so much more. The best thing you can do is visit their websites and do your own research, but if you don’t want to read hundreds of pages of details, we’ve made a list of reviews for the best brokers we could find. Check them out!

XM Group

XM Forex Review

Minimum deposit

5$

Regulation

CySEC, FCA, ASIC

Bonus

30$, 50%+20%

Maximum leverage

30:1

Year founded

2009

Trading platform

MT4, MT5, WebTrader

Forex.com

Forex.com Review

Minimum deposit

250$

Regulation

FCA, NFA

Bonus

N/A

Maximum leverage

200:1

Year founded

1999

Trading platform

MT4

OctaFX

OctaFX Review

Minimum deposit

$50

Regulation

FCA

Bonus

50%

Maximum leverage

1:1000

Year founded

2011

Trading platform

cTrader, MT4, MT5

CFD Global

CFDGlobal Review

Minimum deposit

$250

Regulation

CySEC

Bonus

Premium Package

Maximum leverage

1:300

Year founded

2016

Trading platform

MT5, WebTrader

IQ Option Review

IQ Option Review

Minimum deposit

$10

Regulation

CySEC

Bonus

N/A

Maximum leverage

1:30

Year founded

2013

Trading platform

WebTrader

Markets.com

Markets.com review

Minimum deposit

100$

Regulation

CySEC, FSB

Bonus

N/A

Maximum leverage

300:1 T&C Apply

Year founded

2008

Trading platform

Indigo, MT5, Webtrader, MobileTrader IOS/Android

Plus500

Plus500 Review

Minimum deposit

100$

Regulation

FCA

Bonus

N/A

Maximum leverage

30:1

Year founded

2008

Trading platform

Custom

Z.Com Trade

Z.com Trade Review

Minimum deposit

5$

Regulation

FCA

Bonus

N/A

Maximum leverage

200:1

Year founded

2005

Trading platform

MT4

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

When we were trying to feature the best European Forex brokers we understood that there was no way we could decide to give quantity over quality, therefore we decided to just list the very very best we could find. As you can see on the right-hand side of the rectangles, there is a button saying “Review”, those are the reviews that we have written for those brokers, make sure to go through them once you’ve visited the respected websites of the brokers and have gotten a general idea about them. We hope that the reviews will help you make a decision and keep your best interests safe

Benefits you receive with reliable European Forex brokers

As we have already mentioned, EU based Forex brokers are probably the safest brokers you can opt for, besides if you’re living withing Europe yourself it’s an even larger advantage when it comes to possible delays due to the time difference. Besides that, it has been proven that European brokers are the most well-trained and educated brokers on the market, when it comes to trading and entrusting your hard earned money to somebody, which do you prefer, a person who’s spent years perfecting and learning about their craft, or a beginner?. We have also listed below a number of benefits that you will be receiving, should you decide to opt for the brokers we’ve listed above, give them a good look to really see what you’ll be getting.

European Forex broker advantage

Diversity in trading platforms – In today’s life mobility is key and every single broker we have featured understands that therefore they have a made a mobility focused account system which you can use, by the way, you can use a demo account and a real money account should you choose. Please remember that only the best European Forex brokers feature a mobile app to help their traders be comfortable in their trading activities. Besides this some traders are professionals and basically live off of their trading, therefore the brokers also created a web-based system which allows their traders to use state of the art technology and the most responsive system there is.

Constant and relevant Market News – When a person who has heard nothing about trading or just knows its basics looks at the process of trading, they think it’s just gambling. But all of us know that trading is always based on the information you receive and the predictions you can analyze with them, therefore all of the top European Forex brokers feature a fast and daily update system that helps their clients be a step above everyone else and jump on an opportunity before anyone else.

Banking options for the Major Currency Euro – Fast-paced and sometimes unpredictable currency rates are what make you the biggest profits when it comes to trading Forex online, but you need to be very careful with those same rates because they can cause you to lose some money when making a deposit. Therefore it is essential that you find a broker that has banking options if major currencies such as the Euro. Lucky for you the brokers we have featured have that exact service for you, keeping you safe and more robust with your deposit and withdrawal activities.

Receiving gains fast and easy – The moment you make a profitable trade, you start thinking of getting your hands on the gains as quickly as you possibly can, therefore choosing the brokers that we have listed above, you will have less stressful moments trying to reach your gains and having them show up on your account.

EU Forex broker regulations

regulated European Forex brokers

If you’re an experienced trader you know how to choose your brokers well, and that method is seeing what regulatory body is overseeing the brokerage’s license. If you find a broker that has not disclosed any information about their regulation then make sure to find that out by asking them directly or looking at reviews, remember that if they are trying not to disclose that information then you need to avoid them at all costs.  There are tons of regulations when it comes to the locations and which countries the Forex broker will be stationed in, most commonly the first regulation they receive is from the country they are based in and after that try to work for internationally recognized ones. Unfortunately when starting a brokerage most of the time is taken by sorting them all the documents and the past of founders to actually establish an opinion if the firm is worthy of a regulatory document. Every broker we’ve listed above is considered as a regulated European Forex broker.

The brokers under the regulations of  FSA located in the United Kingdom, CySec out of Cyprus and the SEC in the United States are the most trustworthy and the ones we suggest you work with if you want to trade. Also some brokers don’t stop with just those regulations, some of them find it important to acquire memberships from professional and governmental bodies like MiFID(Markets in Financial Instruments Directive) , which is a European Union law that provides harmonized regulation for investment services across all of the member states of the EAA (European Economic Area) and the ICC( Investor Compensation Company Limited).

Regulated European Forex brokers have absolutely no problem showcasing their regulator’s name on their websites, why would they want to hide it?. If there is some problem and you cannot find the regulator’s name featured on their website or anywhere else, do not panic because the regulators sometimes refuse the disclosure of their identity to everyone, sometimes they constrain it only to customers or potential customers, therefore the only thing you can do is just ask the brokerage who they are regulated by. Fortunately though, the list we have created up above features all the brokers that have no problem giving you information about the body that regulates them, so if you choose them you can rest easy.