Scam Report Consensus

File a Scam Report

Home Best Forex Broker In Europe

Choosing the best Forex broker with which to trade is a difficult task. Many businesses in the market fail to deliver on their promises. It is no different in the EU, which is widely regarded as one of the most active Forex markets.

This review will focus on the top forex brokers in Europe. To make our selections, we will look for five key features. These are some examples:

  • The EU’s regulatory status.
  • Assets are available.
  • Spreads and other charges
  • Platforms for trading.

And now comes our list of one the best forex brokers in Europe.

eToro

eToro is a multi-asset investment platform with years of market experience. The company was founded in 2007 and quickly became well-known among traders. eToro is currently one of the best, if not the best, broker for copy trading, allowing you to easily replicate the trades of the platform’s top-performing investors. It is also one of the largest brokers on the market, with approximately 30 million users.

eToro offers a diverse range of assets from which to choose. Forex, cryptocurrency, stock, and commodities trading are all options for investors. Over 45 currency pairs are available for trading in the forex market (CFDs). Clients can also trade over 30 cryptocurrencies on eToro.

eToro Homepage.

eToro is in good standing in terms of regulations. CySEC, the FCA, ASIC, and the FSAS all regulate eToro. These numerous regulations demonstrate that eToro follows the rules. That is why it has millions of traders’ trust.

Customers can trade on eToro’s own proprietary platform. The eToro trading platform is a powerful piece of software that is suitable for all types of traders. The platform is simple enough for inexperienced traders to learn and master. Furthermore, it is very responsive, ensuring quick trade executions. It is also available as a mobile and tablet app.

Fortunately, there are no hidden fees on eToro. The company values transparency and provides a page outlining all of the fees involved. For various currency pairs, typical spreads on eToro ranged from 1.0 to 2.0. More information can be found in this eToro Review. eToro is a multi-asset platform that allows users to invest in stocks and cryptoassets as well as trade CFDs (such as forex, commodities and stocks).

XTB

XTB is also considered as one of the best forex/CFD brokers in Europe. XTB is governed by three European regulators. The FCA in the United Kingdom, CySEC in Cyprus, and the KNF in Poland are among them. XTB offers its own trading platform, xStation, to customers. This platform is powerful, adaptable, and conducts trades quickly. The platform was named Best Trading Platform of 2016 by the Online Personal Wealth Awards. The platform is simple to use and suited for traders of all skill levels.

Forex, indices, commodities, share CFDs, ETF CFDs, and cryptocurrency are among the key markets offered by XTB. A platform with a wide range of assets is always a positive thing. Investors can diversify their risk across multiple marketplaces.

XTB homepage

The spreads supplied by XTB are extremely competitive. The spreads differ based on the type of account. There are two sorts of accounts to choose from: Standard and Pro. For example, the standard account’s goal floating spread for the EUR/USD pair is 0.9 pips wide. The Pro account, on the other hand, has a spread of 0.3 pips. Traders can select the account that best meets their requirements.

AVATRADE

AvaTrade is a forex broker that is licensed in five different continents. CySEC regulates the corporation throughout Europe. However, AvaTrade is governed by other recognized regulators such as ASIC, FSCA, and IIROC. This demonstrates that Avatrade is a genuine corporation that adheres to the rule of law.

AvaTrade does not disappoint when it comes to trading platforms. The organization offers traders a variety of powerful and cutting-edge products. Clients can access the AvaTrade WebTrader without having to download any software. They can also execute trades using MetaTrader 4 and MetaTrader 5. Customers can access MT4 and MT5 through PC, tablet, or mobile device. AvaTrade also offers two other software platforms for copy trading. ZuluTrade and DupliTrade are the platforms in question.

AVATRADE Homepage

AvaTrade offers a wide range of instruments. Traders get access to over 700 trading instruments spanning across six markets. These include forex, indices, commodities, equities, FXOptions, and cryptocurrency. Traders can then distribute their investments among different markets. AvaTrade’s spreads are very competitive. For significant currency pairs, they range from 0.9 pips to 2.0 pips. Furthermore, there are no hidden fees. As a result, dealers do not have to pay high costs to trade.

FP MARKETS

FP Markets is a forex/CFD broker regulated by CySEC and ASIC, two tier-1 authorities. As a result, investors may trade with FP Markets with confidence. FP Markets’ high position with investors is due, among other things, to its regulatory status. Furthermore, this organization offers a diverse range of assets for exchange. Forex, stocks, metals, commodities, indexes, cryptocurrencies, ETFs, and bonds are all available to investors. This variety draws a wide range of investors to FP Markets.

Furthermore, FP Markets provides clients with two of the top trading platforms. On FP Markets, investors can utilize the MetaTrader 4 and MetaTrader 5 platforms. These platforms are simple to use and offer quick execution speeds. They are also accessible via PC, web, and mobile.

Spreads and commissions are the main sources of fees on FP Markets. These fees vary depending on the account type selected by the client. Standard account holders, for example, pay no commissions, but spreads begin at 1.0 pips. Users of the raw account, on the other hand, pay a $3 per lot commission and have spreads as low as 0.0 pips.

FOREX.COM

Forex.com is yet another forex broker with a solid reputation. Since its inception in 2001, the organization has earned the trust of millions of traders. The CFTC has registered the firm as a Futures Commission Merchant and Retail Foreign Exchange Dealer. Since 2004, the business has also been a member of the National Futures Association (NFA). Furthermore, the corporation is governed by the FCA, CIMA, and FFAJ.

MetaTrader 4 will be offered to Forex.com traders. This is a strong trading platform with quick execution. Furthermore, MetaTrader 4 is accessible for PC, Mac, iOS, and Android. In this way, Forex.com caters to all sorts of traders. Furthermore, Forex.com is a TradingView integrated broker, which means you may utilize this advanced charting tool when trading with the firm. For key currency pairings, spreads observed by Forex.com typically vary from 0.9 pips to 2.3 pips. However, the platform’s spreads vary according on the account type. Spreads for the STP Pro account can be as low as 0.1 pips.

The forex market is the primary market offered to clients on Forex.com. This platform allows traders to trade over 80 currency pairs. Clients may also access the Gold and Silver markets, as well as the Futures and Futures Options markets.

XM.com

XM meets our criteria for ranking as one of the finest forex brokers in Europe. Several respected regulators, including CySEC, ASIC, and the FSC, oversee the corporation. This demonstrates that the corporation abides by the law and does not conduct unethical business. The trading systems on XM.com are among the best in the market. Clients can choose between MetaTrader 4 and MetaTrader 5. These are strong platforms with quick execution speeds. On these platforms, clients may also do technical analysis. Furthermore, all sorts of clientele are provided for. These platforms are accessible via PC, macOS, iOS, and Android.

The spreads on XM are conventional and competitive in the industry. There are three account categories, each with its own spread. For the EUR/USD pair, for example, the regular account has a spread of 1.6 pips. This account, however, has no commission. Clients can trade over 1,000 trading instruments on XM. These are classified into eight separate markets. Forex, stocks, indices, shares, cryptocurrencies, commodities, precious metals, and energy are examples. On XM, all types of investors are catered for.

OANDA

OANDA has a lengthy history of providing high-quality services. In 1996, this company established its internet brokerage. It is overseen by three of the industry’s most renowned regulators. These include the FCA in the United Kingdom, ASIC in Australia, and the CFTC in the United States. This demonstrates OANDA’s commitment to the rule of law.

OANDA Homepage

The regulation of OANDA is not the only thing that stands apart. The organization offers some of the greatest trading platforms on the market to its clients. Clients can trade using MT4 and MT5 on their PCs, tablets, and smartphones. Additionally, clients can use OANDA’s fxTrade mobile app. All of these platforms are safe and quick.

Furthermore, OANDA provides clients with a diverse range of trading instruments. Traders can trade forex, indices, metals, stocks, commodities, and cryptocurrency. This means that OANDA caters to all types of traders. OANDA offers clients varying spreads based on market movements. Variable spreads are often less expensive than fixed spreads, especially when trade volumes are high. For major currency pairs, typical spreads recorded on OANDA ranged from 1.0 pips to 1.8 pips.

Pepperstone

Pepperstone is a currency broker that offers over 1,200 contracts for difference (CFDs). The firm provides access to instruments in the forex, stock, index, ETF, commodity, and currency indices markets. The best forex brokers in the market offer a wide range of trading instruments.

We’ll now look into Pepperstone’s regulatory status. Fortunately, Pepperstone is a well-regulated corporation that follows the rules. Three top-tier regulators have issued regulations to the company. The FCA in the United Kingdom, BaFin in Germany, and ASIC in Australia regulate the corporation.

Pepperstone also offers traders competitive spreads. The platform’s spreads for major currency pairs range from 0 to 1.59 pips depending on the account type. Commissions are also imposed based on the trading platform used by the trader. Pepperstone traders have access to three trading platforms: MT4, MT5, and cTrader. These are all superb trading systems with several features. They are also quick to execute trades.

IG Markets

IG Markets completes our ranking of the top ten FX brokers in Europe. The FCA in the United Kingdom and BaFin in Germany regulate the company. In the United States, IG Markets is governed by the CFTC and the NFA. These are all top-tier regulators demonstrating IG Markets’ legitimacy. Brokers who are subject to such regulations are not permitted to engage in criminal activity.

For the trading platform, IG Markets supplies the MetaTrader 4 platform. In addition, the company offers its own IG trading platform. These are both strong and user-friendly platforms for traders of all skill levels. Nonetheless, IG Markets offers ProRealTime and L2Dealer for clients who choose them.

Trading spreads on IG Markets start at 0.6 pips and are competitively low. Other fees do apply while trading with IG Markets. Share CFD commissions, Forex conversion costs, overnight fees, and inactivity fees are examples of these. Fortunately, IG Markets provides traders with access to products in a variety of markets. These include, among other things, FX, indexes, stocks, commodities, cryptocurrency, and bonds. IG Markets is one of the finest forex brokers in Europe because of its wide range of trading products.

CONCLUSION

All of these forex brokers met our criterion for being the finest forex brokers in Europe. They are all subject to restrictions imposed by respectable bodies that monitor broker activity. As a result, clients can trade with some peace of mind. Furthermore, these brokers offer the greatest trading interfaces and a wide range of trading instruments. Furthermore, these firms charge traders reasonable and competitive rates.