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Best Forex Trading Platform in Jordan 2022

To come up with this list, we have tested over 5 forex brokers holding JSC licenses in Jordan.

We opened a real account and deposited between $4,000 and $8,000 with each broker. We placed real trades in each popular market to get the real spreads.

We also reached out to customer support to solve issues that we had encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.

We handpick the best forex brokers in Jordan based on our trading data and experience as a trader.

JSC Regulations for Forex Brokers

Forex brokers in Jordan are locally regulated by the Jordan Securities Commission (JSC), which oversees all the capital market activities in the country. It is one of the reputed financial markets regulators in the Middle East.

JSC was established in 1997 as a public institution. It has the financial and administrative autonomy to regulate all Jordan’s capital market players and implement secure investment practices. The scope of the regulator covers the Amman Stock Exchange, the Securities Depository Center, financial services companies, public shareholding companies, investment funds, and also all certified financial professionals.

The official website of the JSC is jsc.gov.jo, which is available in two languages, Arabic and English. We recommend investors and traders follow JSC on Twitter, @JSC_Securities, and Facebook, @Jordanian.Securities.Commission, to receive all regulatory updates.

JSC has tight regulations for forex brokers or any other financial services firms operating within its jurisdiction. It mandates the separation of the company’s funds and clients’ deposits, and requires regular regulatory updates.

Forex brokers regulated by the JSC can offer a maximum leverage of up to 500:1, which is considered among high levels (for comparison, UK and EEA brokers can offer leverage of only up to 30:1).

On the downside, however, the broker does not require mandatory negative balance protection or offer any compensation scheme.

JSC is also very strict in enforcing the regulatory framework and has the right to suspend or revoke the licenses of any regulated entity for serious compliance violations.

Some of the key highlights of trading with JSC-regulated brokers:

🏦RegulatorJordan Securities Commission (JSC)
📊Max. Leverage500:1
🛡️Is It safe to tradeYes
🔒Negative Balance ProtectionNo
💰Compensation SchemeNo

Best Forex Brokers in Jordan

To select the best Jordanian forex brokers, we have tested and reviewed several forex brokers. We opened a live account, deposited real money, and placed real trades with each broker. With our test, we got a picture of the real spreads and commissions, trading platforms, deposit and withdrawal conditions, educational resources, and customer services.

  • Admiral Markets – Best Overall Forex Broker in Jordan
  • Windsor Brokers – Best Forex Broker for Beginners in Jordan
  • Equiti – Best MT4 Forex Broker in Jordan
  • CFI – Best Forex Trading Platform in Jordan
  • ICM.com – Best Forex Broker with Lowest Spread & Trading Fees in Jordan

Best Overall Forex Broker in Jordan

We picked Admiral Markets as the overall best forex broker in Jordan. 

Admiral Markets is a multi-regulated broker which secured a JSC license in mid-2021. The broker is headquartered in Estonia and is also regulated in Estonia, UK, Cyprus, and Australia.

Admiral Markets offers trading services with forex and CFDs of indices, stocks, commodities and cryptocurrencies, listing more than 3,300 instruments. Additionally, our tests found that the spreads charged by the broker are much lower across all asset classes. It provides services on two industry-standard platforms, MT4 and MT5.

The Jordanian subsidiary of Admiral Markets offers maximum leverage of 1:500 on major currency pairs, along with negative balance protection of $50,000.

Best Forex Broker for Beginners in Jordan

We picked Windsor Brokers as the best forex broker for beginners in Jordan. 

Windsor Brokers is an excellent forex and CFDs broker when it comes to offering trading services to beginner traders. It offers an excellent library of educational resources with both in-depth guides and well-explained videos. Newbie traders can also execute trades on the demo account without risking real money.

Windsor Brokers’ offerings include trading instruments of forex and CFDs of indices, stocks, and commodities. The broker also has an impressive customer support team that answered all of our queries promptly and accurately.

Best MT4 Broker in Jordan

We picked Equiti as the best MT4 broker in Jordan. 

Equiti is another forex and CFDs broker that is regulated locally in Joran. The broker offers services on the industry-standard MetaTrader 4 (MT4) platform, which was developed by MetaQuotes Software. It provides MT4 on devices of all form-factors: web, desktop and mobile.

The offerings of the broker include the currency pairs and CFDs of several other asset classes like indices, stocks and commodities. The broker lists derivatives trading instruments of popular stocks listed on exchanges in the United Kingdom, United States and other European Union countries.

Best Forex Trading Platform in Jordan

We picked CFI as the best forex trading platform in Jordan.

Credit Financier Invest or CFI is a good brokerage regulated in Jordan for trading currency pairs. The broker lists 38 currency pairs that include both major and some of the minor currencies. There is also no restriction on trading strategies, meaning traders can run both scalping and hedging.

Apart from forex, CFI offers trading services with CFDs of indices, equities, commodities, ETFs and cryptocurrencies. Furthermore, it offers two industry-leading trading platforms: MT5 and cTrader.

CFI offers services globally and is also licensed in the United Kingdom, Cyprus, Lebanon, the UAE and Mauritius.

Best Forex Broker with Lowest Spread & Trading Fees in Jordan

We picked ICM.com as the best forex broker with the lowest spread & trading fees in Jordan.

ICM.com is another global brokerage that offers regulated services in Jordan. It expanded to the Middle Eastern country in 2020 and offers services locally to forex and CFDs traders. When it comes to spreads and fees, ICM.com has excellent offerings.

According to our tests, the broker charges 1.4 pips spread on EUR/USD pair, whereas the industry average spread for the pair is 1.6 pips. Spreads on the CFDs of FTSE 100, Apple stock and Glod are also much lower than the industry average. Additionally, ICM.com does not have any non-trading fees.

Regulated Jordan Forex Brokers List & Review

Here is a complete list of regulated forex and CFDs brokers operating in Jordan we have tested.

Forex BrokerJSC RegulatedVisit Broker
Admiral MarketsYesVisit Admiral Markets
Windsor Brokers Yes Visit Windsor Brokers
Equiti Yes Visit Equiti
CFI Yes Visit CFI
ICM.com Yes Visit ICM.com

FAQ & More on Jordan Brokers

Traders usually have many questions related to trading generic trading-related queries. We tried to pick and answer some of the most important queries related to JSC-regulated brokers.

How to Verify a JSC-Regulated Broker?

Though JSC has an English version of its website, it is a bit tricky to navigate the website. It does not maintain a proper database like other regulators of all licensed brokers and financial services firms.

JSC Registration of Equiti
JSC Registration of Equiti

ECN Forex Brokers in Jordan

None of the locally regulated Jordinian brokers offers ECN connection. However, some global brokers offering ECN accounts onboards traders from Jordan under oversees licenses. Some of the True ECN brokers offering services in Jordan are:

  • FBS
  • RoboMarkets
  • GKFX 

MT4 Forex Brokers in Jordan

MT4, developed in 2005 by MetaQuotes Software, remains the most popular platform for trading forex and CFDs. It offers some excellent indicators and charting tools for market analysis and further allows third-party developers to build custom tools. Some of the MT4 forex brokers offering services in Jordan are:

  • Equiti
  • ICM.com
  • Admiral Markets

Low Spread Forex Brokers in Jordan

Spread is the difference between the bid and ask quotes and critically impacts the cost of trading. A lower spread drastically takes down the cost of trading, and traders can book much higher profits. Some of the low-spread brokers in Jordan are:

  • Admiral Markets
  • ICM.com
  • CFI

High Leverage Forex Brokers in Jordan

Jordan’s JSC allows regulated brokers to offer leverage of up to 500:1 on major currency pairs. This leverage level is considered very high as regulators of some developed countries significantly capped maximum leverage levels recently. Some of the high leverage brokers in Jordan are:

  • Admiral Markets
  • Equiti
  • CFI

Best Forex Broker in Middle East

We picked Admiral Markets as the best forex broker in the Middle East.

The broker offers thousands of instruments on Forex pairs, indices, stocks, and commodities.

Among other advantages, Admiral Markets offers a great beginners course titled Forex 101. It includes nine in-depth lessons that show new traders the Forex markets’ dynamics.

Tax in Jordan for Forex Trading

Many forex traders in Jordan wonder whether forex trading in their country is subject to taxation. In truth, there is next to no information about that, however, we have been able to come up with certain information about the taxation rules in the country in general.

Foreign income is not subject to taxation unless it has some relation to Jordanian deposits and funds. In this instance, it is taxable at the rate of 15%. The income from the local sources is 20% in the country.

However, residents of Jordan should remember that the responsibility of filing tax forms to the county’s relevant institution is solely theirs. In case of any delays or tax avoidance, there may be fines and different penalties.

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5 Best Forex Brokers in Indonesia 2022

To come up with this list, we have tested over 5 forex brokers holding BAPPEBTI licenses in Indonesia.

We opened a real account and deposited between $4,000 and $8,000 with each broker. We placed real trades in each popular market to get the real spreads.

We also reached out to customer support to solve issues that we had encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.

We handpick the best forex brokers in Indonesia, based on our trading data and experience as a trader.

Indonesia BAPPEBTI Regulations for Forex Brokers

Forex brokers in Indonesia are regulated by the Commodities and Futures Trading Regulatory Agency, locally known as Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI). The agency is solely overseeing the commodities and futures entities in Indonesia, which is the largest economy in South East Asia.

BAPPEBTI was established in 2005 but started to seriously regulate brokers in 2012 after the country was struggling with financial scams. The agency is supervised by the Ministry of Finance and run by an administrative board of industry experts.

The official website of BAPPEBTI is bappebti.go.id, which is available in two languages: Indonesian and English. Its official Twitter handle is @InfoBappebti and we recommend investors and traders follow the regulator on social media for regulatory updates.

Indonesia is one of the most populated countries, but it has only a very few platforms offering forex trading as regulated brokers primarily dealt with commodities and futures trading.

Being a Muslim-dominated country, brokers in Indonesia need to comply with Sharia law, meaning they can only offer swap-free Islamic accounts (Check for Swap-Free Accounts Forex).

BAPPEBTI allows forex brokers to offer high-leverage levels, maximum of up to 400:1. It, however, does not need them to have mandatory negative balance protection. Additionally, BAPPEBTI does not offer any compensation fund.

Some of the key highlights of trading with BAPPEBTI -regulated brokers:

🏦RegulatorBadan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI)
📊Max. Leverage400:1
🛡️Is It safe to tradeYes
🔒Negative Balance ProtectionNo
💰Compensation SchemeNo

Best Forex Brokers in Indonesia

To select the best Indonesian forex brokers, we have tested and reviewed several forex brokers. We opened a live account, deposited real money, and placed real trades with each broker. With our test, we got a picture of the real spreads and commissions, trading platforms, deposit and withdrawal conditions, educational resources, and customer services.

  • GKInvest – Best Overall Forex Broker in Indonesia
  • MIFX – Best Forex Broker for Beginners in Indonesia
  • DIDIMAX – Best MT4 Forex Broker in Indonesia
  • Octa – Best Forex Broker with Lowest Spread & Trading Fees in Indonesia
  • SÔEGEE FUTURES – Best Social Trading Platform in Indonesia

Best Overall Forex Broker in Indonesia

We picked GKInvest as the overall best forex broker in Indonesia. 

GKInvest is the Indonesian brokerage brand of the Global Kapital Group that also operates other brands like GKFX, GKFX Cambodia, FairMarkets and a few others. The broker operates in Indonesia with a BAPPEBTI license and is one of the most popular broker brands in Indonesia.

Offerings of the broker in the country include trading instruments of currency pairs, indices, commodities and single stock CFDs. It offers trading services on industry-standard MT5 platform and additionally offers tools like Autochartist and Trading Central.

GKInvest accepts funds in IDR and USD and does not have any prominent deposit or withdrawal fees. It also runs a good support desk that is available 24/5 to address customer grievances.

Best Forex Broker for Beginners in Indonesia

We picked MIFX as the best forex broker for beginners in Indonesia.

MIFX, another BAPPEBTI-regulated broker in Indonesia, is an excellent option for novice traders. It also claims to be the country’s leading forex platform.

The broker offers trading services with forex and CFDs of several commodities. It offers two account types, Standard and Pro, ad provides services on MetaTrader4 platform. It allows maximum leverage of up to 100:1 and also offers a demo account for practicing trading skills. But, the most important aspect for beginner traders remains the vast set of educational materials, including courses, ebooks and seminar/webinars, the broker offers in the local language.

Best MT4 Broker in Indonesia

We picked DIDIMAX as the best MT4 broker in Indonesia. 

When it comes to trading on the MetaTrader4 platform, the services of Indonesian forex broker DIDIMAX stand out. It offers forex and commodities trading services on MT4’s desktop and mobile clients. It also provides direct market access to JFX, market execution and allows Expert Advice (EA) robots.

The broker provides several good indicators and charting tools for market analysis. Similar to other Indonesian brokers, it only supports deposits only through bank transfers, but supports four banks.

Best Forex Broker with Lowest Spread & Trading Fees in Indonesia

We picked Octa as the best forex broker with the lowest spread & trading fees in Indonesia.

Octa is another global brokerage brand that is operating in Indonesia with a BAPPEBTI license. It offers trading with 27 currency pairs, 2 precious metals and 5 indices. The broker charges a floating spread on trading with a minimum spread of 0.6 pips. It also charges $5 as trading fees for every lot after closing the order.

The maximum leverage offered by Octa to Indonesian traders is 500:1. It also allows excellent trading conditions, meaning hedging and scalping are allowed.

Best Social Trading Platform in Indonesia

We picked SÔEGEE FUTURES as the best social trading platform in Indonesia.

Social trading has become very popular in recent years, especially among rookie traders. SÔEGEE FUTURES is a BAPPEBTI-regulated platform that offers social trading services locally in the country. When compared to other Indonesian platforms, SÔEGEE’s offerings are wide: it allows trading with forex, commodities, indices, US-listed stock CFDs and agricultural futures.

The trading platform offers services on the MetaTrader4 trading platform with a maximum leverage of 200:1. It also allows all trading strategies and supports Expert Advisor robots too.

Regulated Indonesian Forex Brokers List & Review

Here is a complete list of regulated forex brokers operating in Indonesia and are regulated by BAPPEBTI.

Forex BrokerBAPPEBTI RegulatedVisit Broker
GKInvestYesVisit GKInvest
MIFXYesVisit MIFX
DIDIMAXYesVisit DIDIMAX
OctaYesVisit Octa
SÔEGEE FUTURESYesVisit SÔEGEE FUTURES
FOREXimfYesVisit FOREXimf
FinexYesVisit Finex

FAQ & More on Indonesian Brokers

Traders usually have many questions related to trading generic trading-related queries. We tried to pick and answer some of the most important queries related to BAPPEBTI-regulated brokers.

How to Verify a BAPPEBTI-Regulated Broker?

BAPPEBTI maintains an excellent public database of all the regulated capital market players in the country. The entire list of the regulated financial services companies is available at bappebti.go.id/pialang_berjangka/ and any particular firm can also be searched from the search bar.

GKInvest BAPPEBTI Registration
GKInvest BAPPEBTI Registration

ECN Forex Brokers in Indonesia

Though many brokers claim to offer ECN accounts only a few offer true ECN services. None of the locally regulated Indonesian forex brokers offer ECN services, but traders can try to open an account with some of the reputed internationally regulated brokers. Some of the ECN forex brokers are:

  • FBS
  • Dukascopy
  • GKFX

MT4 Indonesian Forex Brokers

MT4 is the most popular platform for trading forex and CFDs. It is backed by a massive community and supports robot trading, along with third-party plugins. The Indonesian Forex BBrokers that offer to trade on MT4 are:

  • Octa
  • MIFX
  • DIDIMAX

Low Spread Forex Brokers in Indonesia

Spread, the difference between the bid and ask price, is one of the primary ways for brokers to earn revenue. Most of the Indonesian brokers offer floating spreads staring from 0.6 pips. Some of these brokers are:

  • GKInvest
  • MIFX
  • Octa

High Leverage Forex Brokers in Indonesia

Indonesian capital markets regulator, BAPPEBTI, does not strictly limit the leverage levels offered by the brokers. Some of the Indonesian forex brokers offering extremely high leverage are:

  • GKInvest
  • Octa
  • FOREXimf

Tax in Indonesia for Forex Trading

The residents of Indonesia need to declare their individual income and worldwide gains. They need to do this annually. Capital gains are also assessed as general income in the country and are taxed at the same rate. The general income tax rate in the country is 20%. However, there are some exceptions for special cases both for personal income and capital gains.

Anyway, Indonesians should remember that filing tax forms to the relevant institutions is their responsibility. The forms are generally filed on an annual basis. In case of any delays or tax avoidance, there may be penalties and other consequences.

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5 Best Forex Brokers Italy 2022

To come up with this list, we have tested more than 15 forex brokers holding CONSOB licenses in Italy.

We opened a real account and deposited between €4,000 and €6,000 with each broker. We placed real trades in each popular market to get the real spreads.

We also reached out to customer support to solve issues that we had encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.

We handpick the best forex brokers in Italy based on our trading data and experience as a trader.

CONSOB Regulated Forex Brokers

Forex brokers in Italy are regulated by the Italian Companies and Exchange Commission, locally known as Commissione Nazionale per le Società e la Borsa (CONSOB). But, brokers regulated in other jurisdictions within the European Economic Area are also permitted to offer services in Italy.

The scope of CONSOB spans regulating the entire Italian financial markets, including the securities market and financial services companies like forex brokers.

CONSOB’s official website is www.consob.it (available in multiple languages). The regulator does not have Twitter or any other social media account, but it publishes all the latest regulatory moves on its website.

The Italian regulator is very vigilant and actively flags brokers that operate without any license or even violate local regulations. It also has additional authority to block the web addresses of the blacklisted brokers at a DNS level, making them unreachable in the country.

Like any other regulators within the EEA region, CONSOB’s regulatory frameworks are based on the European Union’s recommendations of Markets in Financial Instruments Directive II (MiFID II). It creates a standardized regulatory environment across the EU.

Forex brokers under CONSOB can offer a maximum leverage of 30:1 on major currency pairs. While for other asset classes, the limit is even lower. The regulator also offers negative balance protection.

Similar to any other European Union regulator, CONSOB also offers protection of up to €20,000 for the deposits of each client of all regulated forex brokers.

Some of the key highlights of trading with CONSOB-regulated brokers:

🏦RegulatorItalian Companies and Exchange Commission (CONSOB)
📊Max. Leverage30:1
🛡️Is It safe to tradeYes
🔒Negative Balance ProtectionYes
💰Compensation SchemeYes (€20,000)

Best Forex Brokers in Italy

To select the best regulated forex brokers operating in Italy, we have tested and reviewed several forex brokers. We opened a live account, deposited real money, and placed real trades with each broker. With our test, we got a picture of the real spreads and commissions, trading platforms, deposit and withdrawal conditions, educational resources, and customer services.

  • IG Markets – Best Overall Forex Broker in Italy
  • CMC Markets – Best Forex Broker for Beginners in Italy
  • GO Markets – Best MT4 Forex Broker in Italy
  • FxPro – Best Forex Trading Platform in Italy
  • ActivTrades – Best Forex Broker with Lowest Spread & Trading Fees in Italy

Best Overall Forex Broker in Italy

We picked IG Markets as the overall best forex broker in Italy. 

IG Markets operates in Italy with its license obtained from a German regulator. It is one of the few brokers that has a physical branch office in Italy. Headquartered in London, IG is also regulated in the UK, US, Switzerland, Dubai, South Africa, Singapore, Japan, Bermuda, Australia and New Zealand.

When it comes to products, IG offers a long line of asset classes and investment instruments. It lists more than 17,000 trading pairs from across several global markets. Additionally, it offers below-average spreads and supports multiple methods for deposits and withdrawals.

Best Forex Broker for Beginners in Italy

We picked CMC Markets as the best forex broker for beginners in Italy. 

CMC Markets is one of the brokers that offer excellent educational material for both beginner and advanced traders. It provides in-depth text guides along with easy-to-understand videos to coach traders on trading. Traders can also implement their learned knowledge on live markets using the demo account that did not require them to risk real money.

The broker offers trading services with currency pairs and CFDs of indices, stocks, commodities and cryptocurrencies. It provides its services on an industry-standard MT4 platform, along with its proprietary Next Generation Platform. Other good aspects of the broker are low spreads and excellent customer service, which are necessary for rookie traders.

Best MT4 Broker in Italy

We picked GO Markets as the best MT4 broker in Italy. 

MT4 is the most popular platform when the comes to trading forex and CFDs. Though almost all the major brokers offer services on MT4, GO Markets service stands out. The Australia-headquartered broker provides traders choice to chose from MT4 and MT5 platforms.

Go Markets offers some good indicators on the MT4 platform to analyze the markets, along with excellent charting tools. It also gives full access to EA and provides other essential tools like an economic calendar. It offers MT4 for web, desktop and mobile devices.

Best Forex Trading Platform in Italy

We picked FxPro as the best forex trading platform in Italy.

FxPro lists around 70 currency pairs, making it one of the best platforms for trading forex. Spreads charged by the broker are also on the lower side as our testing finds that the average spread on the EUR/USD pair is around 1.6, which is in line with the industry average.

The broker operates in Italy with its CySEC license. FxPro supports trading on MT4, MT5, cTrader, and FxPro EDGE and has no limits on strategies. It also executes the trades with excellent speed.

Lowest Spread & Trading Fee Forex Broker in Italy

We picked ActivTrades as the best forex broker with the lowest spread and trading fees in Italy.

Headquartered in London, ActivTrades is one of the forex brokers that offer extremely narrow spreads and also keeps fees low. The average spread on the broker for trading EUR/USD pair is only 0.57 pips, while the industry average for this is 1.6 pips. Spreads are also low on the other asset classes, according to our tests.

The broker does not have any prominent fees, but it takes a small cut for withdrawals with wire transfers, which can be easily bypassed using other withdrawal methods. It lists around 999 trading instruments that span from currency pairs and CFDs of stocks, indices, and commodities.

CONSOB-Regulated Forex Brokers List & Review

Here is a list of the regulated forex brokers operating in Italy which we have tested by opening real accounts, depositing real money, executing trades, and then withdrawing all funds.

Forex BrokerEU RegulatedAbout Our TestOur Review
FBSYesDeposit Amount: Over €5,000
Total Trade: 12 trades
FBS Review
GO MarketsYesDeposit Amount: Over €4,500
Total Trade: 12 trades
GO Markets Review
Fortrade YesDeposit Amount: Over €5,000
Total Trade: 12 trades
Fortrade Review
RoboMarkets (RoboForex)YesDeposit Amount: Over €5,000
Total Trade: 12 trades
RoboMarkets Review
IC MarketsYesDeposit Amount: Over €5,000
Total Trade: 12 trades
IC Markets Review
FXTM YesDeposit Amount: Over €6,000
Total Trade: 12 trades
FXTM Review
Capital.comYesDeposit Amount: Over €3,500
Total Trade: 15 trades
Capital.com Review
FxProYesDeposit Amount: Over €5,000
Total Trade: 15 trades
FxPro Review
PepperstoneYesDeposit Amount: Over €6,000
Total Trade: 12 trades
Pepperstone Review
Amana CapitalYesDeposit Amount: Over €5,000
Total Trade: 12 trades
Amana Capital Review
FxPro YesDeposit Amount: Over €5,000
Total Trade: 15 trades
FxPro Review
XTB YesDeposit Amount: Over €5,000
Total Trade: 12 trades
XTB Review
eToroYesDeposit Amount: Over $6,000
Total Trade: 18 trades
eToro Review
TickmillYesDeposit Amount: Over $8,000
Total Trade: 12 trades
Tickmill Review
Plus500YesDeposit Amount: Over €6,000
Total Trade: 18 trades
Plus500 Review

FAQ & More on Italy Brokers

Traders usually have many questions related to trading generic trading-related queries. We tried to pick and answer some of the most important queries related to CONSOB-registered brokers.

How to Verify CONSOB-Regulated Brokers?

CONSOB maintains a detailed list of all authorized list financial services companies, including forex brokers, that are permitted to operate in Italy. Most of these firms are licensed in other EEA jurisdictions, but they are allowed to operate in Italy by pasporting their licenses and adhering to the local regulations.

The following are the list of all CONSOB-authorized financial services companies:
1. Italian investment firms (SIMs)

2. EU investment firms with branches in Italy

3. EU investment firms without branches in Italy

The complete directory of CONSOB-authorized financial services firms can be found here.

CONSOB Directory for regulated EU firms without Italian branches
CONSOB Directory for regulated EU firms without Italian branches

ECN Brokers in Italy

ECN brokers remain popular among traders as they offer raw spreads on each market. These brokers connect buyers and sellers directly over an automated bridging network. Some of the top ECN forex brokers operating in Italy are (Also check the True ECN Forex Brokers List):

  • RoboMarkets
  • Dukascopy
  • FBS

MT4 Forex Brokers in Italy

The MT4 platform is developed by MetaQuotes Software and is, by far, the most popular platform for trading forex and CFDs instruments. Though it was developed in 2005, most of the brokers are still offering trading services on this legacy platform. Some of the Italian forex brokers offering the MT4 platform are:

  • XTB
  • FP Markets
  • GO Markets

Low Spread Forex Brokers in Italy

Traders look for brokers with low spreads as it drastically cuts the costs associated with forex and CFDs trading. Spreads are the difference between the bid and ask price. Some of the low spread forex brokers in Italy are:

  • Capital.com
  • Pepperstone
  • XTB

Swap Free Forex Brokers in Italy

Swap-free brokers offer Islamic accounts that do not charge roll-over interest rates and are considered Halal according to Sharia law. Though almost all brokers offer swap-free accounts, some of the Italian ones are:

  • AvaTrade
  • Pepperstone
  • Amana Capital

Tax in Italy for Forex Trading

Forex trading in Italy is taxable. Regardless of the place of residence, CFDs trading in the country is a subject to taxation. In fact, the tax rate depends on the markets trades are conducted and they are not stable. However, the general income tax in Italy varies from 23% to 43%.

Italian forex traders should be very careful to file tax forms to the relevant institutions. Delays or tax avoidance altogether may lead to fines and dire consequences.

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5 Best Forex Brokers in France 2022

To come up with this list, we have tested more than 15 forex brokers reguated and operating in France.

We opened a real account and deposited between €4,000 and €6,000 with each broker. We placed real trades in each popular market to get the real spreads.

We also reached out to customer support to solve issues that we had encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.

We handpick the best forex brokers in France based on our trading data and experience as a trader.

AMF Regulated Forex Brokers

The Autorite des Marches Financiers (AMF) is overseeing the financial markets in France, and thus regulates the forex and CFDs brokers operating locally. It was established as an independent public agency in 2003 by the Financial Security Act.

The AMF’s official website is www.amf-france.org, which is available in both French and English. We highly recommend investors and traders follow the regulator on Twitter, @AMF_actu, for important regulatory updates.

Though the AMF regulates all forex and CFDs brokers operating in France, none of the popular trading platforms are directly licensed by the French regulator. Instead, brokers are operating in the country by passporting their licenses from other regulators within the European Economic Area. Still, they need to be authorized locally in France.

The AMF’s framework for the financial services industry falls in line with the European Market Infrastructure Regulation (EMIR). Thus, brokers are only allowed to offer a maximum leverage of up to 30:1 and need to provide negative balance protection.

Furthermore, the AMF acts as a market vigilant and actively flags brokers for non-compliance. It also holds the power of banning any broker from operating in France.

AMF provides protection of up to €20,000 to the deposits of every client of forex brokers.

Some of the key highlights of trading with AMF-regulated brokers:

🏦RegulatorAutorite des Marches Financiers (AMF)
📊Max. Leverage30:1
🛡️Is It safe to tradeYes
🔒Negative Balance ProtectionYes
💰Compensation SchemeYes (€20,000)

Best Forex Brokers in France

To select the best regulated forex brokers operating in France, we have tested and reviewed several forex brokers. We opened a live account, deposited real money, and placed real trades with each broker. With our test, we got a picture of the real spreads and commissions, trading platforms, deposit and withdrawal conditions, educational resources, and customer services.

  • CMC Markets – Best Overall Forex Broker in France
  • XM – Best Forex Broker for Beginners in France
  • Capital Com – Best MT4 Forex Broker in France
  • Saxo Markets – Best Forex Trading Platform in France
  • Dukascopy – Best Forex Broker with Lowest Spread & Trading Fees in France

Best Overall Forex Broker in France

We picked CMC Markets as the overall best forex broker in France. 

Headquartered in London, CMC Markets is operating in France with its license obtained from Germany’s BaFin. The brokerage was founded in 1989 and is an extremely safe trading platform.

CMC’s offerings include around 10,000 trading instruments of currency pairs and CFDs of indices, stocks, commodities, cryptocurrencies and a few other asset classes. It provides deposit and withdrawal methods using several popular methods and also offers spreads much lower than the industry average.

The broker keeps its services simple, offering only one type of account to forex and CFDs traders, complementing by spread-betting and corporate accounts. It provides trading on industry-standard MT4 and proprietary Next Generation Platform and has excellent customer support.

Best Forex Broker for Beginners in France

We picked XM as the best forex broker for beginners in France. 

XM excels due to its versatile trading service and also a great library of educational resources. It is one of the brokers that offer trading tutorials for both beginner and advanced traders, covering the basic understanding of the asset classes to some of the advanced trading strategies. Newbies, as well as experts, can also test their skills on the demo account offered by the broker.

XM operates in France passporting its Cyprus Investment Firm (CIF) license, and is also regulated in the UK, Australia, UAE and Belize. Its offerings include trading pairs of forex and CFDs of stocks, indices and commodities.

Best MT4 Broker in France

We picked Capital.com as the best MT4 broker in France. 

Capital.com is one of the well-regulated and reputed brokers that offers trading services only on MetaTrader 4, so all of its resources are focused on one platform. It is licensed in the United Kingdom, Australia, Cyprus, and Belarus, and onboards French traders under the Cypriot entity.

Its offering includes trading services with forex and CFDs of indices, stocks, commodities and cryptocurrencies. It lists almost 4,000 trading instruments, providing trader access to several global markets. On MT4, the broker offers good indicators and excellent charting tools for market analysis, along with signals via Trading Central.

Best Forex Trading Platforms France

We picked Saxo Markets as the best forex trading platform in France.

Saxo Markets is a Danish brokerage and part of the broader Saxo Bank. It is licensed in the UK, Italy, Czech Republic, the Netherlands, and several other countries. The French operation of the broker is conducted under its Danish license.

For only forex trading, Saxo Markets is an excellent trading platform. It offers more than 180 currency pairs for trading and lists other popular assets like cryptocurrencies and commodities. It also offers forex options with 44 forex vanilla options with maturities from one day to 12 months, along with 6 FX touch options to only professional traders.

Lowest Spread & Trading Fee Forex Broker in France

We picked Dukascopy as the best forex broker with the lowest spread and trading fees in France.

Dukascopy is a Swiss forex and CFDs broker and is an excellent choice when it comes to tight spreads on currency pairs. The broker onboards French traders under its license from the Latvian regulator. It is also regulated in Japan.

According to our tests, the average USD/EUR spreads on the broker was at 0.8 pips, half of the industry-standard spread of 1.6 pips. Spreads on the trading pairs of other asset classes also remained below the industry average. The broker lists 750 instruments of currency pairs and CFDs of indices, stocks, commodities and cryptocurrencies.

AMF-Regulated Forex Brokers List & Review

Here is a list of the regulated forex brokers operating in France, which we have tested by opening real accounts, depositing real money, executing trades, and then withdrawing all funds.

Forex BrokerEU RegulatedAbout Our TestOur Review
FBSYesDeposit Amount: Over €5,000
Total Trade: 12 trades
FBS Review
GO MarketsYesDeposit Amount: Over €4,500
Total Trade: 12 trades
GO Markets Review
Fortrade YesDeposit Amount: Over €5,000
Total Trade: 12 trades
Fortrade Review
RoboMarkets (RoboForex)YesDeposit Amount: Over €5,000
Total Trade: 12 trades
RoboMarkets Review
IC MarketsYesDeposit Amount: Over €5,000
Total Trade: 12 trades
IC Markets Review
FXTM YesDeposit Amount: Over €6,000
Total Trade: 12 trades
FXTM Review
Capital.comYesDeposit Amount: Over €3,500
Total Trade: 15 trades
Capital.com Review
FxProYesDeposit Amount: Over €5,000
Total Trade: 15 trades
FxPro Review
PepperstoneYesDeposit Amount: Over €6,000
Total Trade: 12 trades
Pepperstone Review
Amana CapitalYesDeposit Amount: Over €5,000
Total Trade: 12 trades
Amana Capital Review
FxPro YesDeposit Amount: Over €5,000
Total Trade: 15 trades
FxPro Review
XTB YesDeposit Amount: Over €5,000
Total Trade: 12 trades
XTB Review
eToroYesDeposit Amount: Over $6,000
Total Trade: 18 trades
eToro Review
TickmillYesDeposit Amount: Over $8,000
Total Trade: 12 trades
Tickmill Review
Plus500YesDeposit Amount: Over €6,000
Total Trade: 18 trades
Plus500 Review

FAQ & More on Forex Trading in France

Traders usually have many questions related to trading generic trading-related queries. We tried to pick and answer some of the most important queries related to AMF-regulated brokers.

How to Verify AMF-Regulated Brokers?

It is very easy to verify the AMF authorization of any forex broker as the regulator maintains a database, called REGAFI.

To verify the broker, go to www.regafi.fr and type in the name of the broker in the search box. If any similarly named broker is registered with AMF, the database will show all the matched names. It will further show the registered address of the broker, license country, and AMF authorization date.

Dukascopy AMF Authorization
Dukascopy AMF Authorization

ECN Brokers in France

ECN brokers directly connect buyers and sellers and do not charge any spread. These brokers also do not take any positions against their clients. Some of the ECN brokers operating in France are (Also check ECN Trading Platforms):

  • FBS
  • GKFX
  • FXTM

MT4 Forex Brokers in France

MT4 is the most popular platform for trading forex and CFDs instrument. Though the platform has many shortcomings, it has a massive user base and is still traders’ favorites. Some brokers offering the MT4 platform in France are:

  • CMC Markets
  • Pepperstone
  • Tickmill

Low Spread Forex Brokers in France

Spread is the bid and ask difference on the quoted price on any trading instrument. Lower spreads offered by any broker attract more traders as they have to pay less trading fees as spreads. Some forex brokers offering low spreads in France are:

  • IC Markets
  • Capital.com
  • CMC Markets

Swap Free Forex Brokers in France

Swap-free Forex Accounts are considered Halal by Sharia law. These accounts do not charge roll-over interest rates and are primarily targeted to Muslim traders. Almost all brokers now offer a swap-free Islamic account. Some of the brokers operating in France with swap-free accounts are:

  • RoboMarkets (RoboForex)
  • IC Markets
  • Dukascopy

Best Online Stock Broker in France

Most online brokers are considered stock brokers. We have tried to find the best and most reliable forex stock brokers for beginners in France. Some of the forex stock brokers we have come up with are the following:

  • XTB
  • eToro
  • IC Markets

Tax for Forex Trading in France

In France forex trading is taxable. The tax rate for capital gains in the country is 36,2%. The tax rate for Income differs. It is based on the income amount. For up to €10,084 there are no taxes. There is a 11% taxation for income between €10,085 – €25,710. For income higher than €25,710 annually the tax rate is 30%.

French forex traders should remember that they should be responsible for filing tax forms to the relevant institutions. In case of failing to do so, traders may face fines and penalties.

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5 Best Forex Brokers in Austria 2022

To come up with this list, we have tested more than 15 forex brokers authorized and operating in Austria.

We opened a real account and deposited between €4,000 and €6,000 with each broker. We placed real trades in each popular market to get the real spreads.

We also reached out to customer support to solve issues that we had encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.

We handpick the best forex brokers in Austria based on our trading data and experience as a trader.

FMA Regulated Forex Brokers

The Financial Market Authority (FMA) oversees all financial services firms in Austria, including forex brokers. However, the European Economic Area-regulated brokers do not need to obtain an additional operational license from the Austrian regulator.

The FMA was established in 2002 and its role extends in regulating banks, investment firms, investment service providers, and stock exchange companies, among others, all operating in Austria.

The FMA’s official website is www.fma.gv.at, which is available in both German and English. The regulator does not have any social media presence, so we suggest traders and investors regularly check its official website for receiving key updates.

Being a part of the European Economic Area (EEA), Austria allows forex brokers regulated by any regulator within the wider jurisdiction, as long as they are operating in line with Austria’s local framework. 

The FMA, however, keeps a keen eye on the industry and actively flags any suspicious or non-compliant firms offering services within its jurisdictions. The regulator also maintains a blacklist of companies to further warn investors.

The FMA follows the European Market Infrastructure Regulation (EMIR) to regulate the financial service providers. Its caps offered leverage on major currency pairs to 30:1 and also mandates brokers to provide negative balance protection.

FMA also offers a compensation scheme of up to €20,000 to each and every regulated brokerage client, protecting their deposits.

Some of the key highlights of trading with FMA-regulated brokers:

🏦RegulatorFinancial Market Authority (FMA)
📊Max. Leverage30:1
🛡️Is It safe to tradeYes
🔒Negative Balance ProtectionYes
💰Compensation SchemeYes (€20,000)

Best Forex Brokers in Austria

To select the best regulated forex brokers operating in Austria, we have tested and reviewed several forex brokers. We opened a live account, deposited real money, and placed real trades with each broker. With our test, we got a picture of the real spreads and commissions, trading platforms, deposit and withdrawal conditions, educational resources, and customer services.

  • Pepperstone – Best Overall Forex Broker in Austria
  • XM – Best Forex Broker for Beginners in Austria
  • Tickmill – Best MT4 Forex Broker in Austria
  • CMC Markets – Best Forex Trading Platform in Austria
  • eToro – Best Copy Trading Platform in Austria

Best Overall Forex Broker in Austria

We picked Pepperstone as the overall best forex broker in Austria. 

Pepperstone is an Australian forex and CFDs broker established in 2010. It operates in Europe with its licenses from regulators in Germany and Cyprus, and is also regulated in the UK, Bahamas, UAE, and Kenya.

The broker lists around 158 trading instruments, mostly currency pairs and CFDs of indices, stock, commodities and cryptocurrencies. It offers spreads much lower than the industry average and does not have any other prominent trading or non-trading fees. It facilitates trading services on MT4, MT5 and cTrader platforms, and also has excellent customer support services.

Best Forex Broker for Beginners in Austria

We picked XM as the best forex broker for beginners in Austria. 

XM is another reputed broker that onboards Austrian clients under its entity regulated in Cyprus. The broker offers excellent educational resources, from forex guides to platform tutorials. It also conducts forex webinars and seminars, which are very helpful for the beginner, as well as advanced, traders.

XM provides trading services on both MT4 and MT5, two of the industry-standard platforms. Its offerings include a good analysis of the markets as well and also provides in-house research, trading ideas, technical summaries, and much more. It also has a good range of products with no limits in trading conditions.

Best MT4 Broker in Austria

We picked Tickmill as the best MT4 broker in Austria. 

Tickmill, which operates in Austria with its Cypriot license, is an excellent broker when it comes to trading on MetaTrader 4 and MetaTrader 5. It provides excellent indicators and charting tools for the analysis of markets. It lists around 85 trading instruments that include currency pairs and CFDs of indices, commodities, and cryptocurrencies.

Tickmill was founded in 2010 and is also regulated in the UK, South Africa, Seychelles, and Labuan (Malaysia). The broker offers three account types, and leverage for European clients are capped at 30:1.

Best Forex Trading Platform in Austria

We picked CMC Markets as the best forex trading platform in Austria.

Headquartered in London and operating in Austria with a German license, CMC Markets is one of the best when it comes to forex trading, solely because of the number of listed currency pairs. The broker lists 339 forex pairs, more than most of the top forex trading platforms. It also offers trading with CFDs of indices, stocks, commodities, and cryptocurrencies, along with spread-betting.

CMC further offers excellent trading conditions without any restrictions on strategies, meaning trading can run both hedging and scalping. It, however, does not allow traders to change leverage levels.

Best Copy Trading Platform in Austria

We picked eToro as the best copy trading platform in Austria.

eToro made its name in copy trading and is also by far the best platform when it comes to copy trading services. It has a massive community of expert traders who are letting their trading strategies be copied by rookie traders. The broker maintains transparency and shows the expert traders’ trading history and experience level, along with other key parameters.

eToro is also a full brokerage and is licensed in the USA, the UK, Australia, and Cyprus. It takes clients from Austra under its Cyprus Investment Firm license.

FMA-Regulated Forex Brokers List & Review

Here is a list of the regulated forex brokers operating in Austria, which we have tested by opening real accounts, depositing real money, executing trades, and then withdrawing all funds.

Forex BrokerEU RegulatedAbout Our TestOur Review
FBSYesDeposit Amount: Over €5,000
Total Trade: 12 trades
FBS Review
GO MarketsYesDeposit Amount: Over €4,500
Total Trade: 12 trades
GO Markets Review
Fortrade YesDeposit Amount: Over €5,000
Total Trade: 12 trades
Fortrade Review
RoboMarkets (RoboForex)YesDeposit Amount: Over €5,000
Total Trade: 12 trades
RoboMarkets Review
IC MarketsYesDeposit Amount: Over €5,000
Total Trade: 12 trades
IC Markets Review
FXTM YesDeposit Amount: Over €6,000
Total Trade: 12 trades
FXTM Review
Capital.comYesDeposit Amount: Over €3,500
Total Trade: 15 trades
Capital.com Review
FxProYesDeposit Amount: Over €5,000
Total Trade: 15 trades
FxPro Review
PepperstoneYesDeposit Amount: Over €6,000
Total Trade: 12 trades
Pepperstone Review
Amana CapitalYesDeposit Amount: Over €5,000
Total Trade: 12 trades
Amana Capital Review
FxPro YesDeposit Amount: Over €5,000
Total Trade: 15 trades
FxPro Review
XTB YesDeposit Amount: Over €5,000
Total Trade: 12 trades
XTB Review
eToroYesDeposit Amount: Over $6,000
Total Trade: 18 trades
eToro Review
TickmillYesDeposit Amount: Over $8,000
Total Trade: 12 trades
Tickmill Review
Plus500YesDeposit Amount: Over €6,000
Total Trade: 18 trades
Plus500 Review

FAQ & More on Austrian Brokers

Traders usually have many questions related to trading generic trading-related queries. We tried to pick and answer some of the most important queries related to AMF-regulated brokers.

How to Verify FMA-Regulated Brokers?

Austria’s Financial Market Authority (FMA) maintains a database of all authorized companies, including forex and CFDs brokers, that are allowed to offer services in the country.

To check the regulatory status of any broker, go to www.fma.gv.at/en/search-company-database/ and type the name of the broker to see their license status. The regulator will show the details of all similarly named firms, along with their regulatory details. It also allows search by category that shows the list of all firms.

eToro FMA Authorization
eToro FMA Authorization

ECN Brokers in Austria

ECN brokers directly connect forex and CFDs buyers and sellers over an automated bridging network. These brokers offer raw spreads, but charge a commission on each trade. Some of the ECN forex brokers operating in Austria are (Check out ECN Trading Accounts):

  • FBS
  • Dukascopy
  • FXTM

MT4 Forex Brokers in Austria

As MT4 remains the most used desktop client for trading forex and CFDs instruments, many brokers are offering it despite adding some other advanced and modern trading platforms. Some of the Austrian brokers offering the MT4 platform are:

  • XM 
  • Tickmill
  • Pepperstone

Low Spread Forex Brokers in Austria

Spread is the difference between the bid and ask prices of any financial instruments. Brokers usually make money from spreads, so it is in their interest to keep them on the higher side. Some of the brokers offering low spreads in Austria are:

  • Admiral Markets
  • GO Markets
  • ActivTrades

Swap Free Forex Brokers in Austria

Swap-free accounts are compliant with Sharia law and designed specifically for Islamic traders. Some of the Austrian forex brokers offering swap-free trading accounts are:

  • GO Markets
  • RoboMarkets
  • IC Markets

Tax for Forex Trading in Austria

Austria is considered the thirty-fifth tax-heaven country in the world. In Austria forex trading is taxable. The capital tax rate in the country is 27.5%. Domestic and foreign gains from dividends are also subject to 27.5% taxation. General income tax varies ranging from 20%-50%, depending on the annual income size.

Austrian traders should remember that the responsibility of filing tax forms to the relevant institutions is theirs. Delays or tax avoidance can lead to penalties and fines.

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5 Best Forex Brokers in Germany 2022

To come up with this list, we have tested over 5 forex brokers holding BaFin licenses in Germany.

We opened a real account and deposited around $5,000 with each broker. We placed real trades in each popular market to get the real spreads.

We also reached out to customer support to solve issues that we had encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.

We handpick the best forex brokers in Germany based on our trading data and experience as a trader.

German BaFin Regulations for Forex Brokers

Forex brokers in Germany are locally regulated by the Federal Financial Supervisory Authority, locally known as Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). Being a part of the European Economic Area (EEA), Germany also allows forex brokers regulated in other countries in the region to passport their licenses and operate in the country.

BaFin’s official website is www.bafin.de. Unlike other reputed regulators, BaFin does not have a Twitter account. But, we recommend traders regularly check the news section of the BaFin website to know about the latest regulations.

BaFin is strict when it comes to imposing regulations. It actively flags the unregulated brokers operating in its jurisdictions and also fines them in extreme cases.

BaFin, like any other regulators in the EEA, aligns its regulations with the European Union’s Markets in Financial Instruments Directive II (MiFID II). It permits brokers to offer a maximum 30:1 leverage and mandates negative balance protection. BaFin also offers a €20,000 compensation scheme to all clients of locally regulated brokers.

BaFin further requires high business standards in the parts of the brokers, including a minimum working capital of €750,000 and the appointment of at least two managers as the head of operations.

Some of the key highlights of trading with BaFin-regulated brokers:

🏦RegulatorFederal Financial Supervisory Authority (BaFin)
📊Max. Leverage30:1
🛡️Is It safe to tradeYes
🔒Negative Balance ProtectionYes
💰Compensation SchemeYes (€20,000)

Best Forex Brokers in Germany

To select the best German forex brokers, we have tested and reviewed several forex brokers. We opened a live account, deposited real money, and placed real trades with each broker. With our test, we got a picture of the real spreads and commissions, trading platforms, deposit and withdrawal conditions, educational resources, and customer services.

  • CMC Markets– Best Overall Forex Broker in Germany
  • IG Markets – Best Forex Broker for Beginners in Germany
  • Pepperstone – Best MT4 Forex Broker in Germany
  • FXFlat – Best Forex Broker with Lowest Spread & Trading Fees in Germany
  • NAGA – Best Copy Trading Platform in Germany

Best Overall Forex Broker in Germany

We picked CMC Markets as the overall best forex broker in Germany. 

Headquartered in London, CMC Markets has a global presence. It runs its operations in the European Union with a license from Germany’s BaFin. The broker is also regulated in the United Kingdom, Australia, Singapore, New Zealand, Canada and the UAE.

When it comes to forex and CFDs trading, CMC offers excellent services. It lists more than 10,000 instruments of forex and CFDs of indices, stocks, commodities, and cryptocurrencies, giving traders access to several global markets. Further, the spreads charged by the broker are on the lower side: our testing finds that the average spread on the EUR/USD pair is only 0.7 pips.

CMC is a publicly listed company and maintained a great reputation in the industry, making it a very safe brokerage platform. It also has an excellent customer support team who are very prompt in replying on live chat and email.

Best Forex Broker for Beginners in Germany

We picked IG Markets as the best forex broker for beginners in Germany. 

One of the top requirements of a beginner-friendly broker is offering good quality educational material, and IG Markets excels in this area. Its learning section includes detailed guides and materials for both beginner and advanced traders.

The broker offers several comprehensive courses on trading, and newbie traders can also try their learned strategies on the demo account without risking real money.

When it comes to products, IG’s offerings are excellent. The broker lists over 17,000 instruments across asset classes like forex and CFDs of shares, indices, commodities and cryptocurrencies. It also offers direct market access for many share CFDs.

Best MT4 Broker in Germany

We picked Pepperstone as the best MT4 broker in Germany. 

Australia-headquartered Pepperstone secured the BaFin license as its move to continue European operations following the closure of the Brexit deal. It also holds licenses from the regulators in Australia, the UK, Cyprus, Bahamas, UAE and Kenya.

Pepperstone offers trading services on the three most popular platforms: MT4, MT5 and cTrader. MT4, being the oldest and favorable to forex traders, is widely used. Its support on the trading platform includes top indicators and analysis tools, along with access to 28 additional ‘Smart Trader Tools’.

Offerings of Pepperstone include retail trading with forex and CFDs of indices, stocks, commodities and cryptocurrencies. It is also offering social trading features with the integration of three third-party platforms: Myfxbook, MetaTrader Signals and DupliTrade.

Best Forex Broker with Lowest Spread & Trading Fees in Germany

We picked FXFlat as the best forex broker with the lowest spread & trading fees in Germany.

FXFlat is a German forex and CFDs broker, holding only a BaFin license. It was founded in 1997 and is based in Ratingen, Germany. The broker offers trading services with forex and CFDs of indices, stocks, commodities and cryptocurrencies, just like any other broker.

According to our tests, spreads on FXFlat are much lower than the industry average across all the markets. The average spreads for the EUR/USD pair is 0.8 pips, while the industry average for this is 1.6 pips. Spreads on FTSE 100, Apple stock and Gold are also on the lower side with 1 pip, 1.13 pips and 3.02 pips, respectively.

Apart from the spreads, FXFlat does not have any other prominent trading or non-trading fees.

Best Copy Trading Platform in Germany

We picked NAGA as the best copy trading platform in Germany.

Hamburg-based and publicly listed NAGA is the best Geman social trading platform. The platform is regulated by BaFin and offers trading in various markets like forex and CFDs of indices, stocks, commodities and cryptocurrencies. It offers its services on both MT4 and MT5 platforms and also on its proprietary platform.

The broker was founded in 2015 and is primarily focused on its copy trading services. It offers suitable services for both newbie copy traders, who want to copy others trading strategies, and also for expert traders, who want to earn commissions by getting their strategies copied.

Regulated German Forex Brokers List & Review

Here is a complete list of regulated forex and CFDs brokers operating in Germany we have tested.

Forex BrokerEEA RegulatedAbout Our TestOur Review
CMC MarketsYes (BaFin)Deposit Amount: Over €5,000
Total Trade: 12 trades
CMC Markets Review
PepperstoneYes (BaFin)Deposit Amount: Over €6,000
Total Trade: 12 trades
Pepperstone Review
XMYes (BaFin)Deposit Amount: Over €5,000
Total Trade: 12 trades
XM Review
TickmillYes (BaFin)Deposit Amount: Over $8,000
Total Trade: 12 trades
Tickmill Review
FXFlatYes (BaFin)Deposit Amount: Over $5,000
Total Trade: 12 trades
FXFlat Review
FBSYesDeposit Amount: Over €5,000
Total Trade: 12 trades
FBS Review
GO MarketsYesDeposit Amount: Over €4,500
Total Trade: 12 trades
GO Markets Review
FortradeYesDeposit Amount: Over €5,000
Total Trade: 12 trades
Fortrade Review
RoboMarkets (RoboForex)YesDeposit Amount: Over €5,000
Total Trade: 12 trades
RoboMarkets Review
IC MarketsYesDeposit Amount: Over €5,000
Total Trade: 12 trades
IC Markets Review
FXTM YesDeposit Amount: Over €6,000
Total Trade: 12 trades
FXTM Review
Capital.comYesDeposit Amount: Over €3,500
Total Trade: 15 trades
Capital.com Review
FxProYesDeposit Amount: Over €5,000
Total Trade: 15 trades
FxPro Review
Amana CapitalYesDeposit Amount: Over €5,000
Total Trade: 12 trades
Amana Capital Review
FxPro YesDeposit Amount: Over €5,000
Total Trade: 15 trades
FxPro Review
XTB YesDeposit Amount: Over €5,000
Total Trade: 12 trades
XTB Review
eToroYesDeposit Amount: Over $6,000
Total Trade: 18 trades
eToro Review
Plus500YesDeposit Amount: Over €6,000
Total Trade: 18 trades
Plus500 Review

FAQ & More on German Brokers

Traders usually have many questions related to trading generic trading-related queries. We tried to pick and answer some of the most important queries related to BaFin-regulated brokers.

How to Verify a BaFin-Regulated Broker?

The registration details of any BaFin-regulated forex broker can be checked by visiting the regulator’s database.

Go to https://portal.mvp.bafin.de/database/InstInfo/?locale=en_GB and search for the forex broker with its name or registration number. The registration page will show some of the details of the brokers like the physical address and other license details.

CMC Markets’ BaFin Registration
CMC Markets’ BaFin Registration

ECN Forex Brokers in Germany

ECN brokers offer a direct connection to an automated bridging network, connecting both buyers and sellers of financial instruments. They offer raw spreads and charges a commission on each trade. Some of the ECN brokers operating in Germany are:

  • FBS
  • Dukascopy
  • GKFX

MT4 Forex Brokers in Germany

MT4, which was developed in 2005 by MetaQuotes Software, is the most popular platform for trading forex and CFDs instruments. It allows traders to automate trading using bots, along with plugin integration. Some of the German brokers offering MT4 trading platform are:

  • CMC Markets
  • AvaTrade
  • Capital.com

Low Spread Forex Brokers in Germany

Spread, the difference between the bid and ask price, is one of the primary ways for brokers to earn revenue. For traders, spreads heavily impact the cost of traders. Some of the low-spread brokers operating in Germany are:

  • Pepperstone
  • Capital.com
  • Admiral Markets
  • ActivTrades

Best CFD Broker Germany

We picked CMC Markets as the best CFD broker in Germany.

CMC offers excellent services when it comes to forex and CFDs trading. It offers over 10,000 instruments of forex and CFDs of indices, stocks, commodities, and cryptocurrencies.
The spreads charged by the broker are lower from the market average.

High Leverage Forex Brokers in Germany

Germany’s regulations for the trading industry are based on the recommendations of the European Market Infrastructure Regulation (EMIR). This restricts German brokers or any other EEA broker offering services in the country to offer a maximum leverage of 30:1.

Tax in Germany for Forex Trading

Traders from Germany often wonder whether there are taxes in the country for Forex Trading. The answer is positive. First, it is worth mentioning that Germany is one of the largest forex markets with more than 150, 000 traders.
German traders need to make an annual summary of all the trades they conduct. They need to include both their profits and losses. The taxation rate for Forex trading is 26.3%. Capital gains are also taxable in the country. The tax rate is 25%.

Traders are strongly recommended to be very careful when it comes to taxation. They should remember that the responsibility of filing tax forms to the relevant institutions lies mainly on them. Moreover, in case of any delays or tax avoidance, traders may face fines and penalties.

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5 Best Forex Brokers in Poland 2022

To come up with this list, we have tested more than 15 forex brokers authorized and operating in Poland.

We opened a real account and deposited between €4,000 and €6,000 with each broker. We placed real trades in each popular market to get the real spreads.

We also reached out to customer support to solve issues that we had encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.

We handpick the best forex brokers in Poland based on our trading data and experience as a trader.

KNF Regulated Forex Brokers

Forex brokers operating in Poland are authorized and regulated by the Polish Financial Supervision Authority, locally known as Komisja Nadzoru Finansowego (KNF). It was founded in 2006 and operates as an independent regulatory agency.

The official website of the KNF is www.knf.gov.pl, which is available in both Polish and English. We recommend investors and traders follow KNF’s official Twitter, @CSIRT_KNF, for important regulatory updates.

The KNF oversees the overall financial market in Poland that includes brokerage firms, credit institutions, insurance firms, investment advisors, pension scheme companies, and other financial organizations.

Poland is a member of the European Economic Area (EEA). So the KNF aligns its regulations with the European Market Infrastructure Regulation (EMIR), which requires brokers to offer a maximum leverage of up to 30:1. But, KNF is the only regulator within the European Union that allows local brokers to offer a maximum leverage of 100:1 within its jurisdiction.

KNF further provides negative balance protection, along with a compensation fund of €20,000.

The Polish regulator is also monitoring the financial services firms operating in the country and actively flags suspicious and non-compliant businesses.

Some of the key highlights of trading with KNF-regulated brokers:

🏦RegulatorKomisja Nadzoru Finansowego (KNF)
📊Max. Leverage100:1
🛡️Is It safe to tradeYes
🔒Negative Balance ProtectionYes
💰Compensation SchemeYes (€20,000)

Best Forex Brokers in Poland

To select the best regulated forex brokers operating in Poland, we have tested and reviewed several forex brokers. We opened a live account, deposited real money, and placed real trades with each broker. With our test, we got a picture of the real spreads and commissions, trading platforms, deposit and withdrawal conditions, educational resources, and customer services.

  • XTB – Best Overall Forex Broker in Poland
  • TMS Brokers – Best Forex Broker for Beginners in Poland
  • Conotoxia (Cinkciarz.pl) – Best MT4 Forex Broker in Poland
  • Capital.com – Best Forex Trading Platform in Poland
  • Admiral Markets – Best Forex Broker with Lowest Spread & Trading Fees in Poland

Best Overall Forex Broker in Poland

We picked XTB as the overall best forex broker in Poland. 

XTB is Polish forex and CFDs broker with headquarters in London and Warsaw. It is a publicly listed company, making it very safe when it comes to business practices. Apart from Poland, the broker is also regulated in the United Kingdom, Cyprus, Spain and Belize.

The broker offers trading services with forex and CFDs of indices, stocks, commodities, ETFs and cryptocurrencies, listing more than 2,100 instruments. The spreads charged by the broker across markets are also much lower than the industry average.

It also offers a number of methods for funding the accounts. However, on the downside, it only allows withdrawals on bank accounts.

Best Forex Broker for Beginners in Poland

We picked TMS Brokers as the best forex broker for beginners in Poland. 

TMS Brokers is perfect for new traders to start forex and CFDs trading. The broker offers excellent educational resources, covering the market basics to the implementation of advanced strategies. It provides both in-depth guides and well-explained videos. Traders can also implement the learned strategies on the demo account offered by the broker, without risking real money.

TMS Brokers is a subsidiary of the global brokerage brand OANDA. It offers access to many financial markets, covering forex and CFDs of all other popular asset classes. It provides services on industry-standard MT5 platform.

Best MT4 Broker in Poland

We picked Fortrade as the best MT4 broker in Poland. 

Conotoxia (Cinkciarz.pl) is an excellent broker when it comes to offering services on the MT4 platform. It also offers trading on a cTrader.

Conotoxia is a Polish broker, operating with a physical branch in Poland. It offers MT4 for web, desktop and mobile, and has some excellent indicators and charting tools for market analysis.

When it comes to trading, Fortrade’s services are exceptional. It lists a wide range of currency pairs, indices, commodities and CFDs for cryptocurrencies, promising fast execution on both trading platforms.

Best Forex Trading Platform Poland

We picked Capital.com as the best forex trading platform in Poland.

Capital.com tops when it comes to forex trading for several reasons. The broker lists 138 currency pairs, which is much higher than most of the other reputed forex trading platforms. It offers an industry-standard MT4 platform and has no limits on trading strategies. Traders can run both scalping and hedging.

Capital.com is regulated in the United Kingdom, Cyprus, Belarus and Australia. It operates in Poland with its Cypriot license. Apart from Forex, the broker also lists CFDs of indices, stocks, commodities and cryptocurrencies.

Best Forex Broker with Lowest Spread & Trading Fees in Poland

We picked Admiral Markets as the best forex broker with the lowest spread & trading fees in Poland.

Admirals (previously Admiral Markets) is an Estonian broker operating with licenses from the regulators in the United Kingdom, Cyprus, Australia, and Estonia. This broker offers some of the lowest spreads across markets. According to our tests, the average spread on EUR/USD is 0.6 pips compared to the industry average of 1.6 pips. For FTSE 100 and Apple CFD, it’s 0.8 pips each, while for Gold it’s 2.9 pips, all below the industry average.

Admirals also has minimal fees and traders can avoid all other non-trading fees by just avoiding certain deposit and withdrawal methods. The broker lists more than 3,300 instruments and provides services on MT4 and MT5 platforms.

KNF-Regulated Forex Brokers List & Review

Here is a list of the regulated forex brokers operating in Poland, which we have tested by opening real accounts, depositing real money, executing trades, and then withdrawing all funds.

Forex BrokerEU RegulatedAbout Our TestOur Review
FBSYesDeposit Amount: Over €5,000
Total Trade: 12 trades
FBS Review
GO MarketsYesDeposit Amount: Over €4,500
Total Trade: 12 trades
GO Markets Review
Fortrade YesDeposit Amount: Over €5,000
Total Trade: 12 trades
Fortrade Review
RoboMarkets (RoboForex)YesDeposit Amount: Over €5,000
Total Trade: 12 trades
RoboMarkets Review
IC MarketsYesDeposit Amount: Over €5,000
Total Trade: 12 trades
IC Markets Review
FXTM YesDeposit Amount: Over €6,000
Total Trade: 12 trades
FXTM Review
Capital.comYesDeposit Amount: Over €3,500
Total Trade: 15 trades
Capital.com Review
FxProYesDeposit Amount: Over €5,000
Total Trade: 15 trades
FxPro Review
PepperstoneYesDeposit Amount: Over €6,000
Total Trade: 12 trades
Pepperstone Review
Amana CapitalYesDeposit Amount: Over €5,000
Total Trade: 12 trades
Amana Capital Review
FxPro YesDeposit Amount: Over €5,000
Total Trade: 15 trades
FxPro Review
XTB YesDeposit Amount: Over €5,000
Total Trade: 12 trades
XTB Review
eToroYesDeposit Amount: Over $6,000
Total Trade: 18 trades
eToro Review
TickmillYesDeposit Amount: Over $8,000
Total Trade: 12 trades
Tickmill Review
Plus500YesDeposit Amount: Over €6,000
Total Trade: 18 trades
Plus500 Review

FAQ & More on Poland Brokers

Traders usually have many questions related to trading generic trading-related queries. We tried to pick and answer some of the most important queries related to AMF-regulated brokers.

How to Verify KNF-Regulated Brokers?

Similar to any other reputed regulator, Poland’s KNF also publicly maintains a database of all regulated entities, where the regulatory status of any authorized broker can be verified.

To very any broker, go to www.knf.gov.pl/en/ENTITIES and type the name of the broker on the search box. The result will show the names of all matched entities, and each of their registration details can be seen on the database.

Capital.com KNF Authorization
Capital.com KNF Authorization

ECN Brokers in Poland

ECN brokers directly connect buyers and sellers over an automated bridging network. These brokers offer raw spreads, keeping their services transparent. Some of the Polish ECN brokers are:

  • FXTM
  • FBS
  • GKFX

MT4 Forex Exchange Brokers Poland

MT4 trading platform was developed by MetaQuotes Software in 2005 and is still the most popular forex and CFDs trading platform. Some of the Polish forex brokers offering MT4 platform are:

  • Pepperstone
  • ThinkMarkets
  • AvaTrade

Low Spread Forex Brokers in Poland

Bid-ask spread is very crucial for both forex brokers and traders. It is one of the primary ways with which brokers make money, but a wide spread increases the cost of trades. Some of the Polish forex brokers with low spreads are:

  • Admiral Markets
  • ActivTrades
  • XTB

Best Stock Forex Broker Poland

We have picked Capital.com as the best stock broker platform in Poland.

Founded in 2016, Capital.com holds licenses in the United Kingdom, Cyprus, and Belarus. The broker offers trading services with forex, indices, commodities, cryptocurrencies, and stock CFDs. Capital.com offers two trading platforms: MT4 and its proprietary platform – Capital.com trading app.

High Leverage Forex Brokers in Poland

Poland’s KNF is the only regulator within the EEA that allows brokers to offer up to maximum leverage of the 100:1. But forex brokers can only offer the high leverage within KNF’s jurisdiction, not in any other EEA country. But none of the reputed Polish brokers offer leverage more than 30:1.

Tax in Poland for Forex Trading

Forex trading in Poland is taxable. In the country, the revenues gained from cryptocurrency trading are taxed at 19%. The same refers to capital gains. The taxation rate for them is also 19%. Income tax in Poland ranges from 17% to 32%. The tax rate largely depends on the income amount.

Polish forex traders should remember that the responsibility of filing tax forms to the relevant institutions is solely theirs. Any delays or avoidance may be subject to fines and penalties.

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5 Best Forex Brokers in Portugal 2022

To come up with this list, we have tested more than 15 forex brokers authorized and operating in Portugal.

We opened a real account and deposited between €4,000 and €6,000 with each broker. We placed real trades in each popular market to get the real spreads.

We also reached out to customer support to solve issues that we had encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.

We handpick the best forex brokers in Portugal based on our trading data and experience as a trader.

CMVM Regulated Forex Brokers

Forex brokers in Portugal, a member country within the European Union, are regulated and authorized by the Portuguese Securities Market Commission, officially known as Comissão do Mercado de Valores Mobiliários (CMVM).

The regulator was established in 1991 and has full regulatory authority over all financial markets operating in Portugal, including the Portuguese stock exchange, members of the equity markets, financial services firms, and, of course, forex brokers.

CMVM’s official website is www.cmvm.pt, which is available in both Portuguese and English language. We highly recommend Portuguese investors and traders follow CMVM on Twitter, @CMVM_pt, for updates on regulations.

CMVM is an entirely independent organization and operates with the collected membership fees and proceeds collected as penalties from non-compliant firms. This also prompts the regulator to actively monitor regulated entities for any lapses in compliance.

Portugal is a member of the European Economic Area (EEA), meaning brokers regulated by any of the regulators in the EEA jurisdiction can operate in the country. CMVM itself is MiFID II compliant, meaning any CMVM-regulated broker can operate in any other European Union member country.

Forex brokers authorized by CMVM can offer a maximum leverage level of 30:1 and have to provide mandatory negative balance protection. CMVM also provides a compensation scheme of up to €20,000.

Some of the key highlights of trading with CMVM-regulated brokers:

🏦RegulatorComissão do Mercado de Valores Mobiliários (CMVM)
📊Max. Leverage30:1
🛡️Is It safe to trade?Yes
🔒Negative Balance ProtectionYes
💰Compensation SchemeYes (€20,000)

Best Forex Brokers in Portugal

To select the best regulated forex brokers operating in Portugal, we have tested and reviewed several forex brokers. We opened a live account, deposited real money, and placed real trades with each broker. With our test, we got a picture of the real spreads and commissions, trading platforms, deposit and withdrawal conditions, educational resources, and customer services.

  • XTB – Best Overall Forex Broker in Portugal
  • XM – Best Forex Broker for Beginners in Portugal
  • INFINOX – Best MT4 Forex Broker in Portugal
  • FxPro – Best Forex Trading Platform in Portugal
  • AvaTrade – Best Forex Broker with Lowest Spread & Trading Fees in Portugal

Best Overall Forex Broker in Portugal

We picked XTB as the overall best forex broker in Portugal. 

XTB is one of the very few forex brokers regulated by CMVM in Portugal. The broker is headquartered in Poland and is also licensed in the UK, Poland, Spain, France, Turkey, Cyprus, Germany, and a few other countries: 11 in total.

XTB is also a publicly listed company in Poland and thus has to report business financials quarterly, making it an extremely safe trading platform.

The broker lists more than 2,100 trading instruments, including currency pairs and CFDs of indices, stocks, commodities, ETFs, and cryptocurrencies. It also has minimum non-trading fees, and the spreads charged on traders are much below the industry average. XTB offers trading services on the industry-standard MT4 and proprietary xStation platform.

Best Forex Broker for Beginners in Portugal

We picked XM as the best forex broker for beginners in Portugal. 

XM is an excellent forex broker for beginners because of its wide spectrum of trading services and a vast library of educational resources. The broker provides in-depth guides and well-explained videos on trading markets and strategies.

XM was founded in 2009 and is licensed in the UK, Cyprus, Australia, UAE and Belize. Its offerings include trading pairs of forex and CFDs of indices, stocks and commodities, listing around 1,336 trading pairs. It provides services on MT4 and MT5 platform, with spreads around the industry average across asset classes.

Best MT4 Broker in Portugal

We picked INFINOX as the best MT4 broker in Portugal. 

INFINOX is another forex broker that is licensed and regulated by the Portuguese CMVM. The broker is also regulated in the United Kingdom, South Africa, Bahamas and Mauritius.

INFINOX provides services trading services on both the MT4 and MT5 platforms. It supports forex and CFDs of indices, metals and commodities on MT4, while MT5 supports additional equities. The broker offers excellent indicators and charting tools to analyze the listed 90 trading instruments.

Best Forex Trading Platform in Portugal

We picked FxPro as the best forex trading platform in Portugal.

FxPro is well-known for its forex trading services though the platform also lists CFDs of indices, stocks, commodities and cryptocurrencies. It lists around 234 trading instruments and offers trading on MT4, MT5, cTrader, and proprietary FxPro EDGE platforms.

The broker trading with 70 currency pairs and puts no restrictions on trading strategies, meaning both hedging and scalping are allowed.

FxPro operates in Portugal with its license from the Cyprus regulator and is also regulated in the United Kingdom, South Africa and the Bahamas.

Best Forex Broker with Lowest Spread & Trading Fees in Portugal

We picked AvaTrade as the best forex broker with the lowest spread & trading fees in Portugal.

AvaTrade is an Ireland-headquartered forex and CFDs broker. It lists around 796 instruments of currency pairs and CFDs of indices, stocks, commodities, bonds, cryptocurrencies and ETFs. The broker is also exceptional when it comes to fees, both trading and non-trading.

According to our tests, AvaTrade charges an average spread of 0.87 pips on the EUR/USD pair, while the industry standard lingers around 1.6 pips. The spreads on most of the other asset classes are also much lower than the industry average. It also has minimum non-trading as there are no deposit or withdrawal fees of anykind.

CMVM-Regulated Forex Brokers List & Review

Here is a list of the regulated forex brokers operating in Portugal, which we have tested by opening real accounts, depositing real money, executing trades, and then withdrawing all funds.

Forex BrokerEU RegulatedAbout Our TestOur Review
FBSYesDeposit Amount: Over €5,000
Total Trade: 12 trades
FBS Review
GO MarketsYesDeposit Amount: Over €4,500
Total Trade: 12 trades
GO Markets Review
Fortrade YesDeposit Amount: Over €5,000
Total Trade: 12 trades
Fortrade Review
RoboMarkets (RoboForex)YesDeposit Amount: Over €5,000
Total Trade: 12 trades
RoboMarkets Review
IC MarketsYesDeposit Amount: Over €5,000
Total Trade: 12 trades
IC Markets Review
FXTM YesDeposit Amount: Over €6,000
Total Trade: 12 trades
FXTM Review
Capital.comYesDeposit Amount: Over €3,500
Total Trade: 15 trades
Capital.com Review
FxProYesDeposit Amount: Over €5,000
Total Trade: 15 trades
FxPro Review
PepperstoneYesDeposit Amount: Over €6,000
Total Trade: 12 trades
Pepperstone Review
Amana CapitalYesDeposit Amount: Over €5,000
Total Trade: 12 trades
Amana Capital Review
FxPro YesDeposit Amount: Over €5,000
Total Trade: 15 trades
FxPro Review
XTB YesDeposit Amount: Over €5,000
Total Trade: 12 trades
XTB Review
eToroYesDeposit Amount: Over $6,000
Total Trade: 18 trades
eToro Review
TickmillYesDeposit Amount: Over $8,000
Total Trade: 12 trades
Tickmill Review
Plus500YesDeposit Amount: Over €6,000
Total Trade: 18 trades
Plus500 Review

FAQ & More on Portugal Brokers

Traders usually have many questions related to trading generic trading-related queries. We tried to pick and answer some of the most important queries related to CMVM-regulated brokers.

How to Verify CMVM-Regulated Brokers?

Similar to any other reputed financial market regulator, CMVM maintains a database of all the authorized brokers and other financial services authorized to operate in Portugal. In fact, it has one of the most user-friendly UI to search the database.

To find any regulated broker, go to this link and choose any of the categories of authorized firms. It categorizes financial services firms based on their licensing terms: if they are directly regulated by CMVM, if they are passporting licenses from other EEA members or if they are operating under some temporary licensing regime, among others.  

XTB’s CMVM Registration
XTB’s CMVM Registration

ECN Brokers in Portugal

ECN brokers provide connection to an automated bridging network, thus directly connecting buyers and sellers. These brokers offer raw spreads and charges commission on trades. Some of the ECN brokers operating in Portugal are:

  • FXTM
  • RoboMarkets (RoboForex)
  • GKFX

MT4 Portuguese Forex Brokers

MT4 is the trading platform developed by MetaQuotes Software and is very popular for trading Forex and CFDs worldwide. Most of the popular brokers provide services on MT4. Some of the MT4 forex brokers operating in Portugal are:

  • Admiral Markets
  • FxPro
  • XM
  • Tickmill

Low Spread Forex Brokers in Portugal

Charging spreads are the primary way for most brokers to make money. While many brokers keep their spreads tight, many offer wide spreads. Some of the brokers operating in Portugal with low spreads and fees are:

  • IC Markets
  • Capital.com
  • Pepperstone

High Leverage Forex Brokers in Portugal

Portugal’s CMVM aligns its regulations with the ESMA-recommended MiFID II. These regulations limit forex brokers Portuguese forex brokers to offer leverage of only up to 30:1.

Tax in Portugal for Forex Trading

Forex trading is taxable in the country. Commonly, the profits from forex trading are seen as general income and are taxed the same way. The income tax ranges from 14.5% to 48%. Capital gains in Portugal are taxed at 28%.

Traders from Portugal should remember that they are responsible for filing tax forms to the relevant institution of the country. If they fail to perform their obligations in time, they will later face fines and penalties.

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5 Best Forex Brokers in Spain 2022

To come up with this list, we have tested more than 15 forex brokers authorized and operating in Spain.

We opened a real account and deposited between €4,000 and €6,000 with each broker. We placed real trades in each popular market to get the real spreads.

We also reached out to customer support to solve issues that we had encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.

We handpick the best forex brokers in Spain based on our trading data and experience as a trader.

CNMV Regulated Forex Brokers

The National Securities Market Commission, officially known as the Comisión Nacional del Mercado de Valores (CNMV), oversees the Spanish securities market, including all forex brokers operating the country. It was established in 1988 and operates as an independent agency, reporting directly to the Ministry of Economy and Finance.

CNMV as a regulator is responsible for all supervisory actions on the firms associated with securities trading and investment. It has the authority to flag companies that are not compliant with the local regulatory framework and can take regulatory actions against them.

It is a reputed financial markets regulator within the European Union. It proactively monitors companies operating within its jurisdiction and issues warning against suspiciously fraudulent platforms.

The official website of CNMV is www.cnmv.es, which is available in Spanish and English language. The Spanish regulator maintains three official Twitter handles all for separately categorized regulatory updates: @CNMV_MEDIOS for information of general interest; @CNMV_IP for privileged information (IP) and other relevant information (OIR) of issuers; and @CNMV_IFI for interim financial market information.

Spain is an important member of the European Union, so forex brokers regulated by any regulator within the European Economic Area (EEA) can legally operate in the country by passporting their licenses.

CNMV itself is compliant with the directives of the MiFID, meaning the forex brokers licensed by it can operate in any other EU country. CNMV-regulated brokers can offer a maximum leverage of 30:1 and have to provide mandatory negative balance protection.

The Spanish regulator also offers a compensation scheme of up to €20,000, which protects each investor’s deposits in case of bankruptcy of the brokerage.

Some of the key highlights of trading with CNMV-regulated brokers:

🏦RegulatorComisión Nacional del Mercado de Valores (CNMV)
📊Max. Leverage30:1
🛡️Is It safe to tradeYes
🔒Negative Balance ProtectionYes
💰Compensation SchemeYes (€20,000)

Best Online Forex Brokers in Spain

To select the best regulated forex brokers operating in Spain, we have tested and reviewed several Onlinen forex brokers. We opened a live account, deposited real money, and placed real trades with each broker. By our test, we got a picture of the real spreads and commissions, trading platforms, deposit and withdrawal conditions, educational resources, and customer services.

  • FP Markets – Best Overall Forex Broker in Spain
  • CAPEX.com – Best Forex Broker for Beginners in Spain
  • Trade.com – Best MT4 Forex Broker in Spain
  • Markets.com – Best Forex Trading Platform in Spain
  • Plus500 – Best Forex Broker with Lowest Spread & Trading Fees in Spain

Best Overall Forex Broker in Spain

We picked FP Markets as the overall best forex broker in Spain. 

FP Markets is a low-cost forex and CFD broker. The brokerage is licensed in several other global jurisdictions like the UK, Australia, and Cyprus. This broker offers a range of investment instruments with forex, stocks, indices, commodities, and cryptocurrencies. It is best known for offering forex ECN pricing.

The broker further supports several deposit and withdrawal methods, mostly without any fees. The broker can be also praised for its excellent customer support.

Best Forex Broker for Beginners in Spain

We picked CAPEX.com as the best forex broker for beginners in Spain. 

CAPEX.com is another forex broker licensed in Spain and is excellent for beginners because of its wide spectrum of trading services and a vast library of educational resources. The broker provides in-depth guides and well-explained videos on trading markets and strategies.

CAPEX.com is also licensed in Cyprus, Romania, South Africa, Abu Dhabi and Seychelles. Its offerings include trading pairs of forex and CFDs of indices, stocks and commodities. It provides services on MT5 and proprietary web trading platforms.

Best MT4 Broker in Spain

We picked Trade.com as the best MT4 broker in Spain. 

Trade.com offers excellent trading services when it comes to offerings on the MT4 platform, though it added MT5 as well. The broker for a long time relied only on MT4, focusing all its offerings on one platform. It offers excellent indicators and charting tools, along with some good third-party integrations like Trading Central.

The broker offers trading services with forex and CFDs of commodities, indices, bonds and cryptocurrencies. It is also a safe platform and is regulated in several other jurisdictions.

Best Forex Trading Platform in Spain

We picked Markets.com as the best forex trading platform in Spain.

Markets.com, a London-headquartered broker, is one of the top platforms to trade forex. It lists 67 currency pairs, along with CFDs of indices, stocks, commodities and cryptocurrencies, taking the total offered trading instruments to more than 2,200. The broker offers excellent forex trading conditions and has no restrictions on strategies.

It facilitates trading on industry-standard platforms, MT4 and MT5, along with proprietary Marketsx and Marketsi platforms. It also offers excellent added services like trading signals and market sentiment indicators.

Markets.com operates in Spain with its Cypriot license and is also regulated in the United Kingdom, South Africa, Australia, and the British Virgin Islands.

Best Forex Broker with Lowest Spread & Trading Fees in Spain

We picked Plus500 as the best forex broker with the lowest spread & trading fees in Spain.

Plus500 stands out when it comes to charging low spreads on forex pairs. According to our tests, the average spread charged by the broker on EUR/USD pair is 0.8 pips, compared to the industry average of 1.6 pips. Spreads on the trading instruments of other asset classes are also below or around the industry average.

Furthermore, the broker does not charge any prominent non-trading fees, especially for deposits and withdrawals.

Plus500 is also a public company and is regulated in the UK, Cyprus, Australia, South Africa, Seychelles, and Singapore.

CNMV-Regulated Forex Brokers List & Review

Here is a list of the regulated forex brokers operating in Spain, which we have tested by opening real accounts, depositing real money, executing trades, and then withdrawing all funds.

Forex BrokerEU RegulatedAbout Our TestOur Review
FP MarketsYesDeposit Amount: Over €6,000
Total Trade: 12 trades
Visit FP Markets
FBSYesDeposit Amount: Over €5,000
Total Trade: 12 trades
FBS Review
GO MarketsYesDeposit Amount: Over €4,500
Total Trade: 12 trades
GO Markets Review
Fortrade YesDeposit Amount: Over €5,000
Total Trade: 12 trades
Fortrade Review
RoboMarkets (RoboForex)YesDeposit Amount: Over €5,000
Total Trade: 12 trades
RoboMarkets Review
IC MarketsYesDeposit Amount: Over €5,000
Total Trade: 12 trades
IC Markets Review
FXTM YesDeposit Amount: Over €6,000
Total Trade: 12 trades
FXTM Review
Capital.comYesDeposit Amount: Over €3,500
Total Trade: 15 trades
Capital.com Review
FxProYesDeposit Amount: Over €5,000
Total Trade: 15 trades
FxPro Review
PepperstoneYesDeposit Amount: Over €6,000
Total Trade: 12 trades
Pepperstone Review
Amana CapitalYesDeposit Amount: Over €5,000
Total Trade: 12 trades
Amana Capital Review
FxPro YesDeposit Amount: Over €5,000
Total Trade: 15 trades
FxPro Review
XTB YesDeposit Amount: Over €5,000
Total Trade: 12 trades
XTB Review
eToroYesDeposit Amount: Over $6,000
Total Trade: 18 trades
eToro Review
TickmillYesDeposit Amount: Over $8,000
Total Trade: 12 trades
Tickmill Review
Plus500YesDeposit Amount: Over €6,000
Total Trade: 18 trades
Plus500 Review

FAQ & More on Spain Brokers

Traders usually have many questions related to trading generic trading-related queries. We tried to pick and answer some of the most important queries related to CNMV-regulated brokers.

How to Verify CMVM-Regulated Brokers?

CNMV keeps the record of all authorized brokers and other financial service providers that are operating in the country in the public domain.

To search any authorized broker, go to www.cnmv.es/portal/Consultas/BusquedaPorEntidad.aspx and type the name of the broker on the search bar. The results will show all matches, and their registration details, like authorization date and registered address, can be seen by clicking on the names.

CNMV Authorization of CMC Markets
CNMV Authorization of CMC Markets

ECN Brokers in Spain

ECN brokers are very popular among professional traders as they directly connect buyers and sellers over an automated bridging network. Though many brokers claim to be ECN, only a few offer true ECN services. Some of the ECN forex brokers operating in Spain are:

MT4 Forex Brokers in Spain

MT4 is an industry-standard platform for trading forex and CFDs of other asset classes. The platform was developed in 2005 by MetaQuotes Software and is still very popular among both traders and brokers. Some of the Spanish MT4 forex brokers are:

Low Spread Spanish Forex Brokers

Spread is the difference between the bid and ask prices and is the primary source of income from trading activities for most forex brokers. Low spread is, however, cruicual for traders and some trading strategies. Some of the Spanish forex brokers with low spreads are:

  • Plus500
  • Capital.com
  • Amana Capital

Swap Free Forex Brokers in Spain

Swap-free brokers are popular among Islamic traders as these brokers, with their swap-free account offering, do not charge any interest on roll-over fees. Some of the popular swap-free forex brokers in Spain are:

Tax in Spain for Forex Trading

Forex trading in Spain is taxable. Gains from, stock market indices, commodities, foreign exchange, etc., are commonly seen as general income. The tax rates can reach up to 48%.

CFD trading is treated as a normal investment and the taxation rate ranges from 19% to 26%. General income tax in the country also starts from 19% and depending on the income amount can reach up to 26%.

Traders from Spain are responsible for filing tax forms to the relevant institutions. If they fail to do so, later they can face penalties and fines.

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5 Best Swiss Forex Brokers 2022

To come up with this list, we have tested more than 15 forex brokers authorized and operating in Switzerland.

We opened a real account and deposited between €4,000 and €6,000 with each broker. We placed real trades in each popular market to get the real spreads.

We also reached out to customer support to solve issues that we had encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.

We handpick the best forex brokers in Switzerland based on our trading data and experience as a trader.

FINMA-Regulated Forex Brokers

The Swiss Financial Market Supervisory Authority, popularly known as FINMA, is the authority in Switzerland to implement financial regulations and is responsible to oversee forex brokers.

FINMA was established in 2007 by the Swiss Parliament and operates independently from other financial agencies in the country. The scope of the agency includes the regulation of banks, stock exchanges, stock brokers, forex brokers, insurance companies, fund managers, and all other players of the financial market.

The official website of FINMA is www.finma.ch, which is available in four languages: English, German, French and Italian. The official Twitter handle of FINMA is @FINMA_media, and we highly recommend investors and traders follow the regulator on social media for important updates.

When it comes to regulators, FINMA has strict guidelines. Forex brokers under the regulator need to register as banks. This requires companies to have much higher operating capital that minimizes the chance of bankruptcy in case of any market mishap.

FINMA-regulated brokers also need to provide direct market access and cannot operate as counterparties. They can also act as liquidity providers and redirect orders to the broader interbank and global exchange pools.

Furthermore, Swiss forex brokers can offer a maximum leverage of up to 100:1 on major currency pairs. The brokers also have to provide negative balance protection and there is also a compensation scheme of CHF 100,000 per client.

FINMA is also very strict with regulations and can suspend the licenses for severe violations of compliance rules and can initiate investigations. However, the regulator has some limitations too. The agency cannot impose fines or penalties on any financial market participant, including forex brokers.

Some of the key highlights of trading with FINMA-regulated brokers:

🏦RegulatorSwiss Financial Market Supervisory Authority (FINMA)
📊Max. Leverage100:1
🛡️Is It safe to tradeYes
🔒Negative Balance ProtectionYes
💰Compensation SchemeYes (CHF 100,000)

Best Forex Brokers in Switzerland

To select the best regulated forex brokers operating in Switzerland, we have tested and reviewed several forex brokers. We opened a live account, deposited real money, and placed real trades with each broker. With our test, we got a picture of the real spreads and commissions, trading platforms, deposit and withdrawal conditions, educational resources, and customer services.

  • IG Markets – Best Overall Forex Broker in Switzerland
  • Interactive Brokers – Best Forex Broker for Beginners in Switzerland
  • Swissquote – Best MT4 Forex Broker in Switzerland
  • Saxo Markets – Best Forex Trading Platform in Switzerland
  • Dukascopy – Best Forex Broker with Lowest Spread & Trading Fees in Switzerland

Best Overall Forex Broker in Switzerland

We picked IG Markets as the overall best forex broker in Switzerland. 

IG Markets, which is headquartered in London, offers versatile services when it comes to trading forex and CFDs. The platform lists over 17,000 trading instruments across various asset classes including forex, indices, stocks, commodities, cryptocurrencies and others. The spreads charged by the broker are also on the lower side.

IG further offers an array of deposit and withdrawal methods and has minimum non-trading fees. The broker also has an excellent customer support team that is very crucial to traders.

IG operates in Switzerland with a FINMA license. The broker is also licensed in the United Kingdom, Germany, Cyprus, Switzerland, the UAE, South Africa, Singapore, Japan, Australia, New Zealand, the United States, and Bermuda. Being a publicly listed company, IG is an extremely safe platform.

Best Forex Broker for Beginners in Switzerland

We picked Interactive Brokers as the best forex broker for beginners in Switzerland. 

Interactive Brokers is a well-regulated broker and offers services around the world, including Switzerland. It is one of the best platforms for beginner traders or both simplicity of trading and vast educational resources. It offers detailed guides on markets and trading techniques. Traders can also learn from well-explained videos.

It conducts webinars for forex traders. The broker also offers in-depth market commentary and analysis by dozens of professionals. Apart from the beginner-oriented educational resources, Interactive Brokers offers trading services with a wide range of products.

Best MT4 Broker in Switzerland

We picked Swissquote as the best MT4 broker in Switzerland. 

Swissquote is a FINMA-regulated bank and brokerage that offers forex and CFDs trading on three platforms: MetaTrader 4, MetaTrader 5 and Advanced Options, which is a proprietary platform. The broker offers MetaTrader platforms on desktop, mobile and web, integrated with standard indicators and market analysis tools. Clients of the broker can also upgrade their MetaTrader trading platforms with a Swissquote plugin that provides additional tools and indicators.

Swissquote additionally offers a wide range of trading products that include forex pairs, and stocks, indices, commodities and bonds. It also offers cryptocurrency CFDs and expanded its services aggressively over the few years.

Best Forex Trading Platform in Switzerland

We picked Saxo Markets as the best forex trading platform in Switzerland.

Saxo Markets is a Danish company and is regulated in Denmark, the UK, Italy, Czech Republic, the Netherlands, Singapore, Switzerland, France, the UAE, Japan, Hong Kong and Australia.

Forex trading offerings of the Saxo Markets are excellent. It offers more than 180 currency pairs for trading and lists other popular assets like cryptocurrencies and commodities. It also offers forex options with 44 forex vanilla options with maturities from one day to 12 months, along with 6 FX touch options to only professional traders.

Best Forex Broker with Lowest Spread & Trading Fees in Switzerland

We picked Dukascopy as the best forex broker with the lowest spread & trading fees in Switzerland.

Dukascopy is an excellent broker when it comes to fees. According to our tests, the broker charges an average spread of around 0.8 pips on the EUR/USD pair, which is much lower than the industry standard average of 1.6 pips. Spreads on trading instruments of other asset classes are also below or around the industry average. It offers an ECN trading account, along with an MT4 one, and usually charges a commission for trade executions.

Dukascopy is headquartered in Switzerland and is locally regulated by FINMA as a bank. The broker is also registered and regulated in Japan and Latvia.

FINMA-Regulated Forex Brokers List & Review

Here is a list of the regulated forex brokers operating in Switzerland and regulated by FINMA, which we have tested by opening real accounts, depositing real money, executing trades, and then withdrawing all funds.

Forex BrokerFINMA RegulatedVisit Broker
IG MarketsYesVisit IG Markets
Interactive BrokersYesVisit Intereactive Brokers
Saxo Markets YesVisit Saxo Markets
DukascopyYesVisit Dukascopy
SwissquoteYesVisit Swissquote
Corner Trader YesVisit Corner Trader

FAQ & More on Switzerland Brokers

Traders usually have many questions related to trading generic trading-related queries. We tried to pick and answer some of the most important queries related to FINMA-regulated brokers.

How to Verify FINMA-Regulated Brokers?

Being one of the top financial markets regulatory authorities, FINMA keeps details of all authorized financial services firms in the public domain.

To check the authorization details of any firm, go to www.finma.ch/en/finma-public/authorised-institutions-individuals-and-products/ and type the name of the company in the search bar. If it is registered with FINMA, the database will show details of the firm.

Additionally, the complete database of all FINMA registered and authorized companies can be downloaded here. FINMA regularly updates this database.

Dukascopy FINMA Registration
Dukascopy FINMA Registration

ECN Brokers in Switzerland

ECN brokers are popular among professional traders as they provide raw market spreads with direct access to a pool of other traders with an electronic network. Dukascopy is the only true ECN forex broker in Switzerland.

MT4 Forex Brokers in Switzerland

MT4 trading platform is popular among the forex and CFDs brokers. Most of the forex brokers continue to provide services on the MT4 platform because of its popularity. Some of the FINMA-regulated MT4 forex brokers are:

  • Swissquote
  • IG Markets
  • Dukascopy

Low Spread Forex Brokers in Switzerland

Spread, which is the difference between the bid and ask prices of a trading instrument, is the primary source of income for most brokers. Some of the low-spread and low-fees forex brokers regulated by FINMA are:

  • Dukascopy
  • IG Markets
  • Saxo Bank

High Leverage Forex Brokers in Switzerland

FINMA is one of the very few reputed regulators that still allows brokers to offer a maximum leverage of up to 100:1 on major currency pairs. Some of the high0leverage FINMA-regulated forex brokers are:

  • Swissquote
  • Dukascopy
  • Corner Trader

Tax in Switzerland for Forex Trading

In Switzerland, forex trading is subject to taxation. However, there is a distinction between professional investors and private investors. The latter do not need to pay taxes. They are certain criteria that draw the line between professional traders and private ones. If, however, the traders are seen as professional, they pay annual taxes of 15%.

Traders should file the annual tax forms to the relevant institution of the country. Any delays or tax avoidance altogether are subject to penalties and fines.