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Best Forex Trading Schools Indonesia 2022

For this list, we have searched and tested popular Forex Trading Schools Indonesia available both online and offline.

We have enrolled with several online Forex trading webinars, seminars, and trading school programs that are provided by different trading schools available in Indonesia. We have completed the trading courses and programs, webinars and checked the quality of its service fully.

At last, based on our experience we have picked the Best Forex Trading School in Indonesia available to both beginner and advanced traders. 

What is Best Forex Trading School Indonesia?

Before starting Forex trading, it is important to understand how the market works. Indonesia Forex trading schools offer plenty of courses, webinars, and seminars to help beginners get started or traders with experience improve knowledge or polish trading skills. For beginners, it is advised to take beginners course to get a general knowledge about Markets and then select the best trading school and find a course that will cover your trading need. It is necessary to find a school in the preferred language: Indonesian, English, etc. If traders master English, they can find schools in Indonesia and worldwide alike.

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 supervised by the Ministry of Finance and run by an administrative board of industry experts. Read more about Indonesia Forex Brokers.

The characteristics of a good Forex Trading School in Indonesia are:

👨‍💻 SchoolReputable School with Expert Instructors
📈 EducationOnline Course
In-Class Lessons
🔎 CourseBeginners Course
Advanced Course
Macro Course
Live Streaming
🏛️ QualityWell Structured Material
Good Access to Resources
Live Trade Demonstrations
Demo Account
📑 Free Materialse-Books
Guides
Intro Videos
🚀 CoachingPersonal Lessons
One on One Coaching
💸 FeeFree Materials
Prepaid Courses
Monthly Subscription

Indonesia Best Forex Trading School Online Free

There are many Forex trading schools and brokers in Indonesia offering a variety of online free courses and programs to meet the needs of both beginners and experienced traders. Some of the best Forex trading schools for free of charge in Indonesia include the following:

All these trading schools offer comprehensive courses covering all the aspects of Forex trading, and the financial market from fundamental to advanced strategies.

Best Online Trading Schools in Indonesia

While looking for trading courses and schools in Indonesia to get started, traders are recommended to learn only from reliable and popular firms, and never use any education materials as trading advice. For our list, we selected only popular and reputable schools and courses with quality education and materials both for free and paid for various level traders.

School Name City Course Course Cost Course Duration  Free Materials 
Imperium Financial Academy (IMFA)JakartaBasic Certificate Course in Commodity Futures$10010 Hours
GKInvestSouth
Jakarta
Forex for BeginnersFreeLifetime Access Yes
Solo Training CenterSurakartaTrading Beginner and Advanced ClassesNot ProvidedOn-Demand  –
Online Trading AcademyJakartaFinancial TradingFree and Paid CoursesOn-DemandYes
Forex Traders Community From Zero to HeroNorth SumatraForex Trading CourseIDR 123,456
On-Demand
Indonesia Stock ExchangeSouth JakartaStock TradingIDR
100.000 (the school fee is returned in the form of capital for stock investment)
2 Sessions
ICDX GroupCentral JakartaCommodity TradingFree and Paid ClassesOn-DemandYes
Didimax ForexBandungForex Market TradingFreeOn-DemandYes

FAQ and More on Forex Trading School for Indonesian

There are many Forex trading school-related questions that both beginners and experienced traders have. Here we answer some of the common questions related to trading schools in Indonesia.

The Forex trading market offers many trading school options for traders in Indonesia. Each trading school has its own advantages and disadvantages. You just need to consider your own goals and objectives before deciding which one is right for you.

Forex Trading Tutorial Indonesia

The Forex market in Indonesia is growing rapidly, and Forex trading tutorials assist beginners in this market covering the basics of Forex trading, including market analysis, risk management, and trade execution. These tutorials can be found online or in-person from brokerages and financial trading schools. Here we picked some of the more popular Forex trading tutorial schools in Indonesia:

  • Online Trading Academy
  • GKInvest
  • Solo Training Center

Best Schools for Forex Trading Indonesia by Category

Schools can focus either on one particular trading strategy or instrument preference or can run different courses based on the instrument or strategy the trader is looking for.

Here we selected some popular trading instruments and schools in Indonesia offering courses on the topic:

  • Online Trading Academy – Best Currency Trading School
  • Imperium Financial Academy – Best Cryptocurrency Trading School
  • ICDX Group – Best Commodity Trading School
  • Indonesia Stock Exchange – Best Shares Trading School
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Best Egypt Forex Brokers 2022

To come up with this list, we have tested Egypt forex brokers.

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

We also reached out to customer support to see how the team solved the problems we had faced. At last, we withdrew our funds to check the withdrawal process.

We handpicked the best Egypt forex brokers based on our trading data and experience as a trader.

Is Forex Trading Legal in Egypt?

Egypt is located in the northeastern corner of Africa. The economy of the country depends highly on agriculture, petroleum imports, natural gas, and tourism. The country’s official currency is the Egyptian Pound.

Traders wonder if forex trading is legal in Egypt. While it is becoming more and more popular in the country, there are still certain restrictions by local laws and regulations. For instance, among the common restrictions is a maximum trade amount or balance in the trading account.

The country’s non-banking financial sector is controlled by The Financial Regulatory Authority (FRA). The body was established in 2009. Its main aim is to supervise and regulate non-banking financial markets, such as capital markets, futures exchanges, insurance activities, and forex.

The official website of The Financial Regulatory Authority is www.fra.gov.eg.

Due to the local laws imposed by the FRA, some brokers might be restricted to open trading accounts for Egypt residents. In that case, the only options might remain offshore or international brokers, so we recommend choosing among brokers with additional regulations and entities in the UK, Australia, etc, and opening accounts under its international entity for safety.

🏦RegulatorThe Financial Regulatory Authority
🛡️Is It safe to tradeYes
🔒Negative Balance ProtectionNo
💰Compensation SchemeNo
📊 Maximum Leverage1:30

Best Forex Brokers in Egypt

Choosing an Egypt forex broker can be quite difficult. Due to strict regulations present in the country, there may be certain limitations.

We recommend signing only with trustworthy brokers, as money safety goes first. Besides, Muslim traders should check whether the broker offers an Islamic account, as Sharia laws prohibit any Muslim to earn or pay interest.

When choosing a Egypt forex broker, traders are recommended to check the broker’s offerings. It is important to pay attention to the broker’s payment methods and whether they are available in the country. Another important aspect is customer support. Before signing with a broker Egyptian clients should check whether the broker provides help in their preferred language.

To select the best Egypt forex brokers, we have reviewed many reputable forex brokers. Based on our test we have come up with the best Egypt brokers:

  • AxiTrader – Best Forex Broker in Egypt Overall
  • XM– Best Forex Brokers for Beginners for Egypt
  • Vantage FX – Best Copy Trading Forex Brokers in Egypt
  • RoboMarkets – Best Egyptian Lowest Spread Forex Brokers

Best Forex Broker in Egypt Overall

We picked AxiTrader as the overall best Egypt forex broker. 

Founded in 2007, Axi Trader was rebranded to Axi in 2020. The broker is based in Australia and holds multiple licenses in Australia, the United Kingdom, the UAE, Saint Vincent, and the Grenadines. Axi offers instruments in the following categories: forex pairs, indices, commodities, and cryptocurrencies. There are two main account types: the Standard, and PRO accounts. The broker also offers Islamic accounts to its Muslim clients.

Axi’s spreads are below industry averages. We also noticed that the broker charges extremely low spreads on Bitcoin trades. AxiTrader offers the popular MetaTrader 4 platform. The broker offers various payment methods: bank wires, credit and debit cards, and e-wallets such as Skrill and Neteller. AxiTrader provides in-depth articles and video tutorials to help the traders navigate the platform.

Best Forex Brokers for Beginners for Egypt

We picked XM as the best Egypt forex broker for beginners.

XM is a Forex and CFDs broker founded in 2009. It holds multiple licenses in Australia, the United Kingdom, Cyprus, UAE, and Belize. With XM Egyptian traders have access to forex pairs, indices, stocks, and commodities. Among the broker’s payment methods are bank wires, credit and debit cards, and e-wallets such as Skrill and Neteller.

We have chosen XM as the best Egypt forex broker for beginners. The broker’s education section is excellent, thus it is suitable for beginner traders. XM offers the Tradepedia videos, available for traders all over the world. It also offers other materials, such as weekly webinars and detailed articles.

Best Copy Trading Forex Brokers in Egypt

We picked Vantage FX as the best copy trading Egypt forex broker. 

Founded in 2009 Vantage FX is a forex and CFDs broker. The broker is headquartered in Australia, yet it holds licenses in the United Kingdom, Australia, Vanuatu, and The Cayman Islands. It enables traders to have access to forex, indices, commodities, cryptocurrencies and shares CFDs.

The broker offers different account types: Raw ECN, Standard STP, and Pro ECN. Vantage FX does not have its proprietary platform. Instead, it offers the popular MetaTrader 4 and MetaTrader 5 platforms.

We have chosen Vantage FX as the best copy trading Egypt forex broker. It provides its copy trading platform with three third-party service providers: ZuluTrade, MyFXBook Autotrader and DupliTrade.

Best Egyptian Lowest Spread Forex Brokers

We picked RoboMarkets as the best lowest spread Egypt forex broker.

GO Markets is a global forex broker founded in 2009. It is headquartered in Australia. The broker has multiple licenses in Australia, Cyprus, the UAE, and Seychelles. GO Markets offers hundreds of tradable instruments: forex pairs, indices, metals, commodities, and shares. With GO Markets clients can conduct their trades on popular MetaTrader 4 and MetaTrader 5 platforms.

We have chosen Go Markets as the best low spread Egypt forex broker. Its spreads are mostly on the lower side. Spreads on forex and commodity trades are lower than industry averages.

List of Best Forex Companies in Egypt

We have tested many regulated Egypt forex brokers. Although due to local restrictions not all brokers are available in the country, we have come up with a list of available Egypt forex brokers.

Egypt Forex BrokerAbout Our TestOur Review
AXI (AxiTrader)Deposit Amount: Over €6,000
Total Trade: 12 trades
AXI Review
XMDeposit Amount: Over €5,000
Total Trade: 12 trades
XM Review
Admiral MarketsDeposit Amount: Over €4,500
Total Trade: 12 trades
Admiral Markets Review
Vantage FXDeposit Amount: Over €5,000
Total Trade: 15 trades
Vantage FX Review
ThinkMarketsDeposit Amount: Over €5,000
Total Trade: 15 trades
ThinkMarkets Review
GO MarketsDeposit Amount: Over €4,500
Total Trade: 12 trades
GO Markets Review
INFINOXDeposit Amount: Over €4,000
Total Trade: 9 trades
INFINOX Review
Amana CapitalDeposit Amount: Over €5,000
Total Trade: 12 trades
Amana Capital Review
XTBDeposit Amount: Over €5,000
Total Trade: 12 trades
XTB Review
FXTMDeposit Amount: Over €6,000
Total Trade: 12 trades
FXTM Review
TickmillDeposit Amount: Over €8,000
Total Trade: 12 trades
Tickmill Review
Trading 212Deposit Amount: Over €5,500
Total Trade: 15 trades
Trading 212 Review

FAQ and More on Forex Trading in Egypt

Traders usually have many concerns related to trading in Egypt. To be helpful we picked and answered some of the most essential queries related to Egypt forex brokers.

How to Verify Egypt Regulated Broker?

Verifying Egypt forex brokers is not really difficult. Traders can look for the information on the official website of the Financial Regulatory Authority.

However, Egypt forex brokers can also be verified on the broker’s website. Generally, all brokers provide information about their availability in certain regions and countries.

Forex brokers Egypt

Egypt No Deposit Bonus Forex

No deposit bonus is a marketing tactic that brokers use to attract new traders. It is an initial free credit that brokers offer their new traders. Based on our test, we found out that only XM offers no deposit bonus in Egypt.

Islamic Accounts in Egypt

The existence of Islamic accounts in Egypt is very important, as many Egypt forex traders are Muslims and they can conduct trades only by using Islamic accounts.

Based on our trades we chose the following Egypt forex brokers with Islamic accounts:

  • AvaTrade
  • Amana Capital
  • Go Markets

Tax in Egypt for Forex Trading

Egyptian traders are often confused about whether their forex gains are subject to taxation or not. Generally, income from forex trading is not taxed in the country, as due to the local law, income sourced from outside of the country is not subject to taxation. 

However, Egyptian traders should be very careful and check the information with the relevant authorities.

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Best Forex Trading School Nigeria 2022

For this list, we have searched and tested popular Forex Trading Schools Nigeria available both online and offline.

We have enrolled with several online forex trading webinars, seminars, and trading school programs that are provided by different trading schools available across Nigeria in Lagos and Abuja. We have completed the trading courses and programs, webinars and checked the quality of its service fully.

At last, based on our experience we have picked the Best Forex Trading School in Nigeria available to both beginner and advanced traders. 

What is Trading School in Nigeria?

Before starting Forex trading, it is important to understand how the market works. There are separate Forex trading schools and trading brokers who offer education and courses and run their own trading academies to help beginners get started or traders with experience improve knowledge or polish trading skills. For beginners, it is advised to take beginners course to get a general knowledge about Markets and then select the best trading school and find a course that will cover your trading need.

Forex brokers in Nigeria are authorized by the Central Bank of Nigeria (CBN) to operate in Nigeria. Forex trading is not heavily regulated in Nigeria. If you need to trade investors capital, you should be licensed to do that legally but it is completely legal to trade your own capital. Read more about Nigeria Forex Brokers.

The characteristics of a good Forex Trading School in Nigeria are:

👨‍💻 SchoolReputable School with Expert Instructors
🔎 CourseBeginners Course
Advanced Course
Macro Course
Live Streaming
📈 EducationOnline Course
In-Class Lessons
🏛️ QualityWell Structured Material
Good Access to Resources
Live Trade Demonstrations
Demo Account
📑 Free Materialse-Books
Guides
Intro Videos
💸 FeeFree Materials
Prepaid Courses
Monthly Subscription
🚀 CoachingPersonal Lessons
One on One Coaching

Best Nigeria Forex Trading School Online Free

There are many Forex trading schools and brokers in Nigeria offering a variety of online free courses, programs, and MBA Forex trading Nigeria courses to meet the needs of both beginners and experienced traders. Some of the best Forex trading schools for free of charge in Nigeria include the following:

All these trading schools offer comprehensive courses covering all the aspects of Forex trading, and the financial market from fundamental to advanced strategies.

Forex Trading Academy in Nigeria

While looking for Forex trading courses and schools in Nigeria to get started, traders are recommended to learn only from reliable and popular firms, and never use any education materials as trading advice. For our list, we selected only popular and reputable schools and courses with quality education and materials both for free and paid for various level traders.

School Name City Course Course Cost Course Duration  Free Materials 
Firm FountainAbujaForex Trading CoursesFree and Paid OptionsOn-Demand Yes
Oasis International Forex SchoolLagosForex TradingApprox. NGN150.000On-Demand  –
FXTMAbujaForex Trading StrategiesFreeOn-DemandYes
Revglobal Forex AcademyLagosForex Business CoachingNGN155,000 ($310)60 Hours
Aplus Trading HubUyoPrice Action and Swing Trading StrategiesNot ProvidedOn-Demand
Forex Profit AcademyLagosThe Basics of the Forex MarketFreeOn-DemandYes
P.C. Controllers LtdLagosForex and Cryptocurrency TrainingFreeOn-DemandYes

Forex Trading School in Lagos

For this list, we have selected the most reputable and popular Forex trading schools in Lagos, Nigeria:

  • Oasis International Forex School – Best Forex Trading School
  • Revglobal Forex Academy – Best Currency and Stock Trading School
  • Forex Profit Academy – Best Trading Course for Beginners
  • P.C. Controllers Ltd – Best Forex and Cryptocurrency Courses

Forex Trading School in Abuja

We have made research and picked these as the best Forex trading schools in Abuja, Nigeria:

FAQ and More on Forex Trading Schools Nigeria

There are many Forex trading school-related questions that both beginners and experienced traders have. Here we answer some of the common questions related to trading schools in Nigeria.

The Forex trading market offers many trading school options for traders in Nigeria. Each trading school has its own advantages and disadvantages. You just need to consider your own goals and objectives before deciding which one is right for you.

Forex Trading Training in Nigeria

There are a number of Forex trading training centers in Nigeria teaching you the skills and knowledge you need to succeed in this field.

Here we listed some of the best Forex trading training centers in Nigeria along with their training and seminars on the topic:

  • FXTM Training Center – Beginners Guide to Forex Trading
  • Alpari – Nigeria Forex Trade Training
  • P.C. Controllers Ltd – Forex Seminar, Cryptocurrency Training
  • Firm Fountain – Forex Training

Forex Trading Tutorial in Nigeria

There are many trading schools in Nigeria that offer Forex trading tutorials. These schools typically offer courses that cover the basics of Forex trading, including market analysis, risk management, and trade execution. Many of these schools also offer more advanced courses that focus on specific strategies or trading styles. Some of the more popular Forex trading tutorial schools in Nigeria include the following:

  • Revglobal Forex Academy, Forex Business Coaching – Best Currency Trading School
  • P.C. Controllers Ltd, Cryptocurrency Training – Best Cryptocurrency Trading School
  • Brainy Trading, Future Trading – Best Futures Trading School
  • Act Financial Training Center, Understanding Commodity Market & Trading in Commodities – Best Commodity Trading School
  • GMG Training Group, Stock and Financial Training – Best Shares Trading School
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Best Forex Trading Tools 2022

For this list, we tested several brokers offering forex trading tools.

For this article, we opened real accounts with deposits between $4,000 and $8,000, then placed real trades in each market to get the full picture of spreads and conditions. We also reached out to customer support to solve the issues we have faced while depositing or withdrawing the funds.

We picked the best brokers with forex trading tools based on our trading data and experience as a trader.

What is Forex Tarding Tool?

Forex trading might be daunting for novice and seasoned traders alike, and trading tools are designed to improve trading skills and performance, helping with important information or analysis. Trading tools gather all together what broker or trading platform may offer including analysis, technical analysis, various calculators, convertors, market news, research, insights, economic calendars, trading signals, etc.

The range of trading tools may vary depending on each broker’s offering, while some may offer comprehensive tools and run in-house analysis center to support traders or provide just basic range like Economic Calendar and News Feed, making them one-stop choice with all necessary tools and environment available. Read Best Technical Analysis Forex Brokers

So in case tools are limited or poor at Brokers offering, there are third-party providers that may focus on particular tool like News, Reviews, Analysis etc, making them great providers too like famous TradingCentral or TradingView specialized sites. Read about Trading Signal Providers.

Forex trading tools can either be paid by a subscription or be offered free of charge.

It is important to select and use those tools that are best for your needs, trading style, and the particular market. However, there are some forex trading tools that are useful to most traders, regardless of their trading styles and strategies:

  • Technical Analysis in Trading Platform
  • Market Analysis
  • Trading Signals
  • Insights
  • Economic News calendar
  • Charting Tools Software
  • Research Tools
  • Financial News
  • Various Converters
  • Currency Correlation tools
  • Calculators
  • Risk Management Tools
Type of ToolTrading tool
🖥️ Trading Platforms💻 cTrader
👨‍💻 MetaTrader 4/5
📱 TradeStation
📊Charting Software📈 Bar Chart
📉 Histogram Chart
🗠 Bubble Chart
🔍Research Tools 📰 Newsfeed
🧮 Screener
⌚ Watchlist
🖩 Calculators📓 Pip Calculator
📁 Margin Calculator
📑 Volatility Calculator
🧮 Technical Analysis Indicators🔁 On-Balance-Volume (OBV)
⏱️ Relative Strength Index
⚙️ Bollinger Bands

Best Forex Analysis Tools

Forex analysis is the study of currency pairs and how they change in price and what kind of factors can cause the change. It’s used by traders who buy foreign exchange to make money from its fluctuations.

There are two types of forex analysis – fundamental and technical.

  • Fundamental analysis is used to analyze the change in the forex market by monitoring external factors such as the unemployment rate, gross domestic product (GDP), or any other political, economic, and social factors.
  • Technical analysis is employed to evaluate and identify trading opportunities by examining past market data. It comes both in manual – where traders manually examine technical indicators – and automated forms – where trader “teaches” the software to look for certain signals.

Despite the fact that there are no best analysis tools since everything depends on the trading strategy, we have picked some tools useful for all traders regardless of the used strategies:

  • Moving Averages, Stochastic and MACD, On Balance Volume – Best technical analysis tools for forex trading
  • Earnings per share or EPS, Price-to-earnings (P/E) ratio, Return on equity, Dividend payout ratio – Best forex fundamental analysis tool
  • Stop loss and targets levels, Risk – reward ratio, Position size – Best forex risk management tool
  • Trend following, Oscillators – Best crypto trading tool

Best Trading Tools Forex Brokers

To come up with this list, we opened live accounts with each broker with advanced trading tools. We deposited money and placed real trades to see each broker’s offerings. We tried to pick those with a more sophisticated range of tools.

  • FxPro – Overall Best Forex Broker with Trading Tools
  • XM – Best Broker with Forex Trading Tools for Beginners
  • BlackBull Markets – Best Broker with Forex Tools MT4
  • GKFX Best Tools Broker with Lowest Spread
  • Saxo Bank – Best Broker for Forex Trading Tools Mac

Overall Best Forex Broker with Trading Tools

We chose FxPro as the best broker with forex trading tools overall.

Founded in 2006, FxPro is a major CFD provider of 6 asset classes such as Forex, Shares, Spot Indices, Futures, Spot Metals, and Spot Energies with access to top-tier liquidity with no dealing desk intervention.

FxPro offers trading tools that are above average for the industry. It provides decent fundamental analysis as well as works with Trading Central – a third-party provider – to offer technical analysis. The broker also offers an economic calendar, multiple calculators, VPS, and algo trading to its clients through MT4 and cTrader platforms.

Best Broker with Forex Trading Tools for Beginners

We picked XM as the best broker with trading tools for beginners.

XM has been in operation since 2009 and is one of the best CFD and forex providers across the globe. XM offers outstanding educational resources and market research. XM is a MetaTrader-only broker with a user-friendly interface and low fees offering an exclusive package of algorithmic technical analysis tools for its clients coupled with economic calendar, newsfeed, and forex calculators.

Best trading tools for beginners must have 3 important aspects, First, the platform should be easy to use and beginner-friendly. Second is the provision of a variety of educational materials to get new investors off to a strong start. And third, the best platforms deliver access to quality stock market research.

Best Broker with Forex Tools MT4

We picked BlackBull Markets as the best MT4 broker with forex trading tools.

BlackBull was founded in 2014 in New Zealand serving more than 10,000 clients in over 180+ countries. BlackBull is an industry-leading ECN broker offering access to more than 300 tradable instruments on MT4/5 and WebTrader with 24/6 support. The broker offers good market insights and economic calendars, and charts for traders.

Typically MT4 is packed with various indicators and trading tools with the help of which traders can easily forecast price dynamics. However, some might find MT4 outdated and prefer MT5 instead.

Best Tools Broker with Lowest Spread

We chose GKFX as the best broker with low spreads and forex trading tools.

Since 2010, GKFX is operating as a global CFD provider offering great market research and analysis tools. GKFX offers technical analysis through Trading Centra, a user-friendly Autochartist tool that relies on chart analysis as well as support and resistance levels to suggest emerging trends
and options for trade.

The broker offers the lowest spreads for almost all instruments in the market particularly for forex (0.67 pips) and cryptos (36.62 pips).

Best Broker for Forex Trading Tools Mac

We chose Saxo Bank as the best broker with forex trading tools for Mac.

Founded in 1992, Saxo Bank is a multi-asset broker with brilliant research and market analysis tools and over 40,000 securities to trade. It offers advanced charting and trading capabilities with a comprehensive newsfeed.

Saxo Bank’s SaxoTrader Pro desktop trading platform and SaxoTrader GO web and mobile trading app are excellent trading software for Mac users. However, there is no big difference whether you are using Mac or any other operating system.

List of Brokers with Great Trading Tools

Here we made a list of brokers that provide comprehensive tools for Forex trading making them almost one-stop place gathering education, trading performance, research and good tools.

Forex BrokersOur test detailsBroker Review
FxPro Deposit Amount: Over €5,000
Total Trade: 15 trades
FxPro Review
PepperstoneDeposit Amount: Over €6,000
Total Trade: 12 trades
Pepperstone Review
TickmillDeposit Amount: Over $8,000
Total Trade: 12 trades
Tickmill Review
Blackbull MarketsDeposit Amount: Over €4,000
Total Trade: 12 trades
BlackBull Markets Review
ActivTradesDeposit Amount: Over €5,000
Total Trade: 12 trades
ActivTrades Review
XMDeposit Amount: Over €5,000
Total Trade: 12 trades
XM Review
FXMDeposit Amount: Over €6,000
Total Trade: 12 trades
FXTM Review
IC MarketsDeposit Amount: Over €5,000
Total Trade: 12 trades
IC Markets Review
Vantage FXDeposit Amount: Over €5,000
Total Trade: 15 trades
Vantage FX Review
INFINOXDeposit Amount: Over €4,000
Total Trade: 9 trades
INFINOX Review

FAQ and More on Trading Tools Forex Brokers

Beginner traders often rise trading-related questions. We tried to give comprehensive answers to some of the most important queries related to forex trading tools.

Forex Trading Tools Free

Forex trading tools are available both on a subscription basis and free of charge. Some basic tools are mainly available for free, however, to get access to more advanced tools traders might pay fees based on the offering available by other specialized providers., also Brokers offer some range of tools depending on each proposal, while some might be on fee basis too.

Here are some of the most popular free forex trading tools available on platform:

  • Trend Lines
  • Moving Averages
  • Relative Strength Index
  • On-Balance Volume

Online Trading Tools

Forex website tools for traders can be found on multiple websites and platforms, as well as social media platforms like Youtube, etc. Brokers also provide multiple third-party analytical and research tool providers.
It is important to find a reliable source because scammers will sometimes set up fake sites that look like they’re from trade organizations or financial firms. Check our article on Forex Trading Indicator Providers

Fibonacci Tool Forex

Fibonacci retracement is a method of technical analysis for determining support and resistance – called after Fibonacci sequence numbers – levels depicted in horizontal lines. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used.

Based on our experience, we found several brokers with Fibonacci retracements.

  • OANDA
  • Interactive Brokers
  • FxPro

Automated Forex Tools

To set up an auto trading system traders usually use trading tools by which robot or auttomated system will take an etry and exit points. Here are some of the most used tools for auto trading:

  • Moving average (MA)
  • Exponential moving average (EMA)
  • Stochastic oscillator
  • Moving average convergence divergence (MACD)
  • Bollinger bands

List of brokers offering these tools:

  • OANDA
  • XM
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Best Forex Broker Estonia 2022

To come up with this list, we have tested forex brokers Estonia.

We opened a real account and deposited between $4,000 and $6,000 with each broker. Then, we placed real trades in each popular market so that we could get the actual picture. 

We also contacted customer support to see how the team was able to solve the issues we had encountered. Finally, we withdrew our funds to check the withdrawal process.

We handpicked the best forex brokers Estonia based on our trading data and experience as a trader.

Is Forex Trading Legal in Estonia?

Estonia is a country situated in Northern Europe. Estonia is a member of the European Union and has a developed economy. Still in 2011, the country adopted the euro as a currency. Estonia stands out for its balanced budget, competitive banking sector, non-existent debt, and free trade regime.

In Estonia, Forex trading is not only legal but also well-regulated. First, as an EU member, Estonian traders have access to the brokers under the EU MiFID derivative.

However, the financial sector in the country is strictly and fully regulated by the Ministry of Economic Affairs and Communications. The main goal of the Ministry is to encourage economic competitiveness and transparency in the country, protecting the Estonian interest within the EU.

What is more, all the companies and firms in Estonia should be included in the official MTR registry. This is also true for all the Forex brokers Estonia.

The official website of the Ministry of Economic Affairs and Communications is www.mkm.ee.

🏦RegulatorThe Ministry of Economic Affairs and Communications
🛡️Is It safe to tradeYes
🔒Negative Balance ProtectionYes
💰Compensation SchemeYes
📊 Maximum Leverage1:30

Best Forex Brokers in Estonia

Choosing a forex broker Estonia has become quite easy. This is due to strict regulation present in the country, as both the local and international brokers should be tightly regulated and meet all the conditions set by the country’s regulated body. Forex brokers are not able to operate in Estonia if they are not MTR-regulated.

However, being a member of the EU, almost all the European brokers are available in the country, due to the ESMA regulation rules. We recommend Estonian traders sign in only with reputable firms, with tight regulations.

Also, when choosing a forex broker Estonia, the residents should pay attention to a number of aspects. For instance, payment methods are essential. Traders are recommended to check if the broker offers deposit and withdrawal methods available in the country. Then, another important aspect is customer support. Before signing with a broker, it is advisable to find out if the broker provides support in the trader’s preferred language.

To select the best forex brokers Estonia, we have reviewed many reputable forex brokers. Based on our test we are able to offer a list of the best forex brokers Estonia:

  • Amana Capital – Overall Best Broker in Estonia
  • Trading 212 – Best Forex Broker for Beginners Estonia
  • Robo Markets – Best Metatrader 4 Broker Estonia
  • Think Markets – Best Low Spread Forex Broker for Estonia

Overall Best Broker in Estonia

We picked Amana Capital as the overall best forex broker Estonia. 

Amana Capital is a forex and CFDs broker. It was founded in 2010 and has offices in Dubai, London, Limassol, and Beirut. With Amana Capital traders have access to multiple trading instruments: forex, indices, commodities, cryptocurrencies, and shares CFDs. The broker is well-regulated and holds top-tier licenses: FCA, CySEC, and CMA. Amana Capital offers four account types: Amana Classic, Amana Active, Shares Account, and Amana Elite.

Based on our test spreads on forex and share CFDs are mostly on the lower side. Estonian clients can conduct their trades on the popular MT4 and MT5 trading platforms. The broker offers a wide choice of payment methods: bank transfers, credit and debit cards, online wallets like Neteller and Skrill, and many other popular methods.

The broker’s customer support is quite helpful. Traders can contact them through a live chat, email, or phone. Amana Capital also offers decent education: webinars, guides on forex trading, and, a Demo account.

Best Forex Broker for Beginners Estonia

We picked Trading 212 as the best forex broker Estonia for beginners.

Founded in 2004 Trading 212 is a global Forex and CFD broker. It is located in London. The broker is licensed by the UK Financial Conduct Authority (FCA) and the Bulgarian Financial Supervision Commission (FSC). Trading 212 enables traders to trade multiple instruments in the following categories: Indices, Forex, Commodities, Stocks, and Cryptocurrencies.

The broker offers Invest and CFD account types. The broker does not offer the popular MT4 and MT5 platforms. Instead, it has its own proprietary platform that has all the tools and features for favorable trading. It offers various payment methods, such as bank wires, credit and debit cards, as well as e-wallets such as Skrill, and PayPal.

We have chosen Trading 212 as the best forex broker Estonia for beginners. Its educational section is suitable for beginner traders. The broker offers an in-depth video tutorial course that will help newbie traders have a successful start. Trading 212 also offers text tutorials, educational articles, and a demo account.

Best Metatrader 4 Broker Estonia

We picked RoboMarkets as the best MT5 forex broker Estonia. 

RoboMarkets (RoboForex) is a forex and CFDs broker. It is headquartered in Cyprus and holds licenses in Cyprus, Belarus, and Belize. RoboMarkets offerings include forex, stocks, indices, and commodities. The broker has different account types: Pro Account, ProCent Account, Prime Account, ECN Account, and R Trader Account.

Based on the tests we conducted on MT5 Pro and R Trader accounts spreads are around the industry average or a bit higher. Spreads on indices and gold are on the lower side.

We have chosen RoboMarkets as the best MT4 best forex broker Estonia, as it offers the popular MetaTrader 4 to its traders, with all the best tools and features suitable for successful trading. RoboMarkets also offers the MT5 platform, as well as its own proprietary platform – R Trader.

Best Low Spread Forex Broker for Estonia

We picked ThinkMarkets as the best lowest spread forex broker Estonia.

ThinkMarkets was founded in 2010 in Australia. It is a forex and CFDs broker and holds licenses in Australia, the United Kingdom, South Africa, and Seychelles. With ThinkMarkets, traders have access to multiple instruments: forex, indices, commodities, cryptocurrencies, and shares CFDs. The broker enables traders to conduct their trades both on MT4 and MT5 platforms. Also, the broker has its own proprietary platform.

We have chosen ThinkMarkets as the best low spread forex broker Estonia, as it offers attractive spreads in almost all categories. Generally, the spreads are below the industry benchmark.

Estonia Forex Brokers List

We have tested many regulated forex brokers Estonia, and based on our research we have been able to make a complete list of available forex brokers Estonia.

Estonia Forex BrokerAbout Our TestOur Review
eToroDeposit Amount: Over $6,000
Total Trade: 18 trades
eToro Review
Plus500Deposit Amount: Over €6,000
Total Trade: 18 trades
Plus500 Review
AXI (AxiTrader)Deposit Amount: Over €6,000
Total Trade: 12 trades
AXI Review
XMDeposit Amount: Over €5,000
Total Trade: 12 trades
XM Review
Admiral MarketsDeposit Amount: Over €4,500
Total Trade: 12 trades
Admiral Markets Review
PepperstoneDeposit Amount: Over €6,000
Total Trade: 12 trades
Pepperstone Review
Markets.comDeposit Amount: Over €4,500
Total Trade: 12 trades
Markets.com Review
Vantage FXDeposit Amount: Over €5,000
Total Trade: 15 trades
Vantage FX Review
ThinkMarketsDeposit Amount: Over €5,000
Total Trade: 15 trades
ThinkMarkets Review
GO MarketsDeposit Amount: Over €4,500
Total Trade: 12 trades
GO Markets Review
FortradeDeposit Amount: Over €5,000
Total Trade: 12 trades
Fortrade Review
ICM CapitalDeposit Amount: Over €5,000
Total Trade: 12 trades
ICM Capital Review
INFINOXDeposit Amount: Over €4,000
Total Trade: 9 trades
INFINOX Review
Capital.comDeposit Amount: Over €3,500
Total Trade: 15 trades
Capital.com Review
DarwinexDeposit Amount: Over €5,000
Total Trade: 12 trades
Darwinex Review
Amana CapitalDeposit Amount: Over €5,000
Total Trade: 12 trades
Amana Capital Review
XTBDeposit Amount: Over €5,000
Total Trade: 12 trades
XTB Review
TickmillDeposit Amount: Over €8,000
Total Trade: 12 trades
Tickmill Review
Trading 212Deposit Amount: Over €5,500
Total Trade: 15 trades
Trading 212 Review

FAQ and More on Forex Trading in Estonia

Traders usually have many questions related to trading in Estonia. In an attempt to be helpful we picked and answered some of the most essential queries related to forex brokers Estonia.

How to Verify Estonia Regulated Broker?

Traders often wonder how they can verify a forex broker Estonia. Well, there are several ways to do so. First, traders can check the information on the ESMA website, as the majority of brokers available in the country fall under the ESMA regulation.

Besides, forex brokers Estonia are also strictly regulated by the local regulator – The Ministry of Economic Affairs and Communications. All the brokers available in the country are listed in the MTR registry. Thus, it is easy to find information about any available broker on the MTR website

Yet, there is another easier option to verify a forex broker Estonia. Traders can seek the information on the broker’s website. Almost all brokers provide information about their availability in certain regions and countries.

Estonia - MTR website

No Deposit Bonus Forex in Estonia

To be able to select the best no deposit bonus forex broker Estonia, we reviewed several forex brokers. Based on our test, we were able to come up with only one broker that offers no deposit bonus in the country. To get a no deposit bonus in Estonia, traders can sign with XM.

Estonia Spread Betting Brokers

Spread betting is a beneficial way to invest in different financial markets. Commonly, spread betting is legal and regulated in the UK and Ireland. Based on our research, we have come up with the following forex brokers Estonia suitable for spread betting:

  • Vantage FX
  • ThinkMarkets

Swing Trading Forex in Estonia

When traders use swing trading their main aim is to capture gains in a short span of time. Generally, this trading strategy is allowed by most brokers in the EU. However, before signing with a broker, it is still necessary to check trading conditions.

Tax in Estonia for Forex Trading

In Estonia, forex trading is subject to taxation. Estonia has a unique tax structure. Corporate tax rates in Estonia are comparatively lower than in other EU countries, which is about 20% of the taxable income. Generally, income tax is also 20%. Non-residents pay taxes only for the income that is from an Estonian source.

Traders should be very careful to file tax forms to the relevant tax institutions in Estonia. Any delays or avoidance from taxes may lead to penalties.

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Best Nano Lot Forex Brokers 2022

For this list of nano lot forex brokers, we have searched and tested several nano lot forex brokers.

We opened real accounts and deposited between $4,000-$8,000 with each of the brokers. Then, we placed real trades in each popular market to get the real spreads. Also, we contacted the customer support team to solve the problems we faced. Finally, to find out whether the withdrawal process is smooth and clear.

Based on our experience as a trader, we chose the best nano lot forex brokers.

What is a Nano lot in Forex?

A “lot” in forex is a unit of measurement of standardized trade size. Nano lot comprises 100 units of a base currency.

  • One pip of a currency base is equal to $0.01 when trading a nano lot.
  • To execute an order for a nano lot, trader will need to sell or buy $100. This amount can even go lower depending on the broker. Some would even offer clients to trade as low as $10.

Nano lot is quite handy for beginner traders or some specific strategies since it minimizes the risk of capital loss. Where newbies can trade nano lots to hone their skills, also get access to some high capitalization instruments due to lower margins or be useful for strategies that uses most low lot sizes.

The way trades are executed doesn’t define any broker as better or worse. Everything depends on the strategy traders apply, or instruments they trade.

Forex Standard Micro Nano lot

The size of the units depends on the lot you are using for forex trading. There are 4 types of lots in forex: standard, mini, micro, and nano.

Nano lot is 1/10 the size of a micro lot, 1/100 the size of a mini lot, and 1/100 of a standard lot.

  • Standard lot = 100,000 currency units
  • Mini lot = 10,000 currency units
  • Micro lot = 1,000 currency units
  • Nano lot = 100 currency units

The forex lot size is calculated using input values such as account balance, risk percentage, and stop loss. In the first step, the trader needs to define a risk percentage for trade and then define stop loss and a dollar per pip. A trader needs to determine the lot size (number of units) for the currency pair in the last step.

Lot SizeUnitsVolume$/pip
💰 Standard100,0001.00$10
💵 Mini10,0000.10$1.0
💳 Micro1,0000.01$0.1
💱 Nano1000.001$0.01

Best Nano Lot Size Forex Brokers

To come up with this list of best nano lot forex brokers, we have searched and tested nano lot forex brokers. We have opened real accounts with real money deposited, and placed trades to compare conditions, spreads, fees, and if there are any issues with deposit and withdrawal processes.

  • OANDA – Overall Best Nano Trading Forex Broker
  • XM – Best Nano Lot Broker for Beginners
  • FXOpen – Best MT4 Broker with Nano Lots
  • IFC Markets – Best Broker with Lowest Spread and Nano Lot Account

Our test showed that there are trully very few nano lot forex brokers. Most of the brokers offering nano lots are offshore brokers, and we do not recommend opening account with offshore brokers due to the high risks. Instead, use the services of regulated brokers we have mentioned above.

Overall Best Nano Tradaing Forex Broker

We chose OANDA as the best broker with nano lots.

OANDA has been in operation since 1996 and has been one of the most popular brands in the CFD and forex industries. OANDA is best known for its vast range of instruments that can be traded and flexible funds options ensuring the safest and most transparent trading environment.

In fact, with OANDA you can technically trade nano lots and even smaller units since the broker doesn’t operate on a lot basis. This means that you can place trades worth as less as 1 unit of currency pair. Moreover, the broker allows opening an unlimited demo account that fully replicates the real one. On top of that, after depositing, there are typically no fees attached. With their FXtrade platform, you can customize lot sizes up to 0.001.

Best Nano Lot Broker for Beginners

We picked XM as the best broker allowing nano lot trading for beginners.

Established in 2009, XM is one of the industry-leading forex and CFD brokers offering flexible and dynamic trading The broker offers a low minimum deposit and an unlimited demo account, as well as great educational webinars under its Tradepedia platform which can be helpful for those who are just getting started.

With XM, you can obtain nano lot size by reducing your trade volume to 0.1 in your micro account through MT4.

Best MT4 Broker with Nano Lots

We handpicked FXOpen as the best nano lot broker for trading through the MT4 platform.

First established as an educational center in the field of technical analysis and financial markets, FXOpen has been operating as a brokerage company for 15 years with the principle of fair and transparent trading conditions.

When it comes to trading platforms, FXOpen offers the full suite of MT4 and MT5 platforms. FXOpen was the first broker offering ECN trading through the MT4 platform to its clients.

Best Broker with Lowest Spread and Nano Lot Account

We picked IFC Markets as the best broker offering nano lot trading with low spreads.

Since 2006, IFC Markets has been one of the global CFD providers offering unlimited trading instruments and multiple opportunities.

IFC Markets provides excellent conditions for trading CFDs, an outstanding educational Academy, as well a full suite of MetaTrader platforms, and a proprietary platform with an unlimited demo account for those who want to learn how the platform operates.

The broker offers relatively lower spreads compared to other trading brokers offering nano lots. It offers both fixed and floating spread nano lot accounts starting from the lot size of 0.001 with small steps of 0.00001 meaning the traders can increase lot size by 0.01.

List of Brokers with Nano Lots

Here’s the list of nano lot forex brokers we have found:

Forex BrokerMin. Lot SizeTest DetailsBroker Review
XM0.001Deposit Amount: Over €5,000
Total Trade: 12 trades
XM Review
FXOpen0.001 Visit FXOpen
IFC Markets0.001 Visit IFC Markets
OANDA0.001 Visit OANDA

FAQ and More on Forex Brokers Offering Nano Lots

Traders often raise many questions related to generic trading-related queries. We answered some of the most crucial queries related to nano lot forex brokers.

Best US Regulated Forex Broker with Nano

In fact, there are no nano lot forex brokers offering nano lot trading to US clients

Is There Anything smaller than a Nano lot in Forex?

Nano lot is the smallest unit of currency pair, and there is nothing smaller than a nano lot. This type of account is considered so small that there are not many brokers offering nano lot trading.

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Best Forex Brokers Hungary 2022

To come up with this list, we have tested forex brokers Hungary.

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

We also reached out to customer support to see how the team was able to solve the problema we had faced. At last, we withdrew our funds to check the withdrawal process.

We handpicked the best forex brokers Hungary based on our trading data and experience as a trader.

Is Forex Trading available in Hungary?

Hungary is situated in Central Europe. It neighbors Slovakia to the north, Ukraine to the northeast, Serbia to the south, Romania to the southeast, Croatia and Slovenia to the southwest, and Austria to the west. The Hungarian economy is export-oriented, and its emphasis is strongly on foreign trade. The official currency in the country is the Hungarian Forint.

As to Forex Trading, it is available in the country. Moreover, Hungary is part of the EU so all European Brokers and UK Brokers are available for Hungary traders. This means, that finding a reliable broker is not that hard in Hungary.

All the financial activities in the country are strictly controlled by the National Bank of Hungary (MNB). The bank also acts as an independent regulatory body in the country, and its main goal is to create a stable and secure environment in the sector.

The official website of the National Bank of Hungary is www.mnb.hu.

Hungarian traders have also access to the brokers under the EU MiFID derivative. We recommend tradesr to choose a reputable and reliable broker from Cyprus, German, or other EU brokers.

🏦RegulatorThe National Bank of Hungary
🛡️Is It safe to tradeYes
🔒Negative Balance ProtectionYes
💰Compensation SchemeYes
📊 Maximum Leverage1:30

Best Forex Brokers in Hungary

Choosing a forex broker Hungary is not difficult for Hungarian traders. This is due to ESMA regulation rules. The latter enables all European brokers to accept traders from Hungary. There are also brokers based in the country under local regulations.

When choosing a forex broker Hungary, we recommend traders to pay attention to a number of important and determining factors. One of the most important aspects to pay attention to is the payment methods. Make sure that the deposit and withdrawal methods offered by the broker are available in the country. The next not lees important criterion is customer support. Traders should choose a forex broker Hungary that offers support in the language preferred by the traders.

To select the best forex brokers Hungary, we have reviewed many forex brokers. Based on our test we are able to offer a list of the best forex brokers Hungary:

  • Axi Trader – Best Online Broker Hungary Overall
  • Trading 212 – Best Forex Broker for Beginners Hungary
  • Vantage FX – Best Forex Broker for MT5 in Hungary
  • Go Markets – Best Low Spread Forex Broker Hungary
  • Robo Markets – Best Hungary ECN Forex Broker

Best Online Broker Hungary Overall

We picked Axi Trader as the best overall forex broker Hungary. 

Axi Trader was founded in 2007, afterward in 2020 it was rebranded to Axi. The broker is regulated in several jurisdictions and holds licenses in Australia, the United Kingdom, the UAE, Saint Vincent, and the Grenadines. With Axi, traders have access to multiple tradable instruments: forex pairs, indices, commodities, and cryptocurrencies. Axi offers 2 main account types with slightly differing fee structures: the Standard, and PRO accounts.

Axi offers different options for fast and easy payment methods, such as bank wires, credit and debit cards, and e-wallets such as Skrill and Neteller. The broker does not have its own proprietary platform. Instead, it offers the popular MetaTrader 4 platform. The education section is also quite good for beginner traders. It offers many in-depth educational articles, video tutorials, etc.

Best Forex Broker for Beginners Hungary

We picked Trading 212 as the best forex broker Hungary for beginners.

Trading 212 is a global Forex and CFD broker founded in 2004. The broker is located in London, yet it holds licenses from the UK Financial Conduct Authority (FCA) and the Bulgarian Financial Supervision Commission (FSC). The broker offers trading instruments in the following categories: Indices, Forex, Commodities, Stocks, and Cryptocurrencies.

Trading 212 offers 2 main account types: Invest and CFD. It offers various deposit methods including bank wires, credit and debit cards, as well as e-wallets such as Skrill, and PayPal.

Based on our research, we have found Trading 212 to be the best forex broker Hungary for beginners. Its in-depth and informative video tutorial course is suitable both for professionals and starters. The broker also offers text tutorials, educational articles, and a demo account that are very helpful for beginners.

Best Forex Broker for MT5 in Hungary

We picked Vantage FX as the best MT5 forex broker Hungary. 

Vantage FX is a forex and CFDs broker. It was founded in 2009. Located in Sydney, Australia, Vantage FX holds licenses in the United Kingdom, Australia, Vanuatu, and The Cayman Islands. It offers tradable instruments in multiple categories, including forex, indices, commodities, cryptocurrencies, and shares CFDs.

The broker offers Raw ECN, Standard STP, and Pro ECN account types. The broker’s forex spreads are much lower than the industry average. Spreads on commodities are also on the lower side.

We have chosen Vantage FX as the best MT5 forex broker Hungary. The broker does not have its proprietary platform and all its important tools and features are concentrated in its MetaTrader 4 and MetaTrader 5 platforms.

Best Low Spread Forex Brokers Hungary

We picked Go Markets as the best lowest spread forex broker Hungary.

GO Markets is a global forex broker. It was founded in 2009 and is headquartered in Australia. The broker is well-regulated with multiple licenses in Australia, Cyprus, the UAE, and Seychelles. With GO Markets traders have access to hundreds of tradable instruments: Forex pairs, indices, metals, commodities, and shares. GO Markets offers 3 account types: the standard account, the GO Plus+ account, and the Pro account.

Our research showed there is no 0 pip spread forex broker Hungary. However, we have chosen Go Markets as the best low spread forex broker Hungary. The broker offers spreads that are on the lower side. Based on our trades, the spreads on forex and commodity trades were lower than industry averages. For all the other categories, spreads were either on the lower side or equal to the industry average.

Best Hungary ECN Forex Brokers

We picked Robo Markets as the best ECN forex broker Hungary.

RoboMarkets is a forex and contracts for differences (CFDs) broker, located in Cyprus. It is regulated in Cyprus, Belarus, and Belize. Robo Market’s offerings are in the following categories: forex, stocks, indices, and commodities. Robo Markets offers a range of account types with slight differences: Pro Account, ProCent Account, Prime Account, ECN Account, R Trader Account.

We have chosen Robo Markets as the best ECN forex broker Hungary. With the broker’s ECN trading account traders have direct access to the automated network.

List of Forex Brokers in Hungary

We have tested many regulated forex brokers, and based on our research we have been able to come up with a complete list of forex brokers Hungary.

Hungary Forex BrokerAbout Our TestOur Review
eToroDeposit Amount: Over $6,000
Total Trade: 18 trades
eToro Review
Plus500Deposit Amount: Over €6,000
Total Trade: 18 trades
Plus500 Review
AXI (AxiTrader)Deposit Amount: Over €6,000
Total Trade: 12 trades
AXI Review
XMDeposit Amount: Over €5,000
Total Trade: 12 trades
XM Review
Admiral MarketsDeposit Amount: Over €4,500
Total Trade: 12 trades
Admiral Markets Review
PepperstoneDeposit Amount: Over €6,000
Total Trade: 12 trades
Pepperstone Review
Markets.comDeposit Amount: Over €4,500
Total Trade: 12 trades
Markets.com Review
Vantage FXDeposit Amount: Over €5,000
Total Trade: 15 trades
Vantage FX Review
ThinkMarketsDeposit Amount: Over €5,000
Total Trade: 15 trades
ThinkMarkets Review
GO MarketsDeposit Amount: Over €4,500
Total Trade: 12 trades
GO Markets Review
FortradeDeposit Amount: Over €5,000
Total Trade: 12 trades
Fortrade Review
ICM CapitalDeposit Amount: Over €5,000
Total Trade: 12 trades
ICM Capital Review
INFINOXDeposit Amount: Over €4,000
Total Trade: 9 trades
INFINOX Review
Capital.comDeposit Amount: Over €3,500
Total Trade: 15 trades
Capital.com Review
DarwinexDeposit Amount: Over €5,000
Total Trade: 12 trades
Darwinex Review
Amana CapitalDeposit Amount: Over €5,000
Total Trade: 12 trades
Amana Capital Review
XTBDeposit Amount: Over €5,000
Total Trade: 12 trades
XTB Review
FXTMDeposit Amount: Over €6,000
Total Trade: 12 trades
FXTM Review
TickmillDeposit Amount: Over €8,000
Total Trade: 12 trades
Tickmill Review
Trading 212Deposit Amount: Over €5,500
Total Trade: 15 trades
Trading 212 Review

FAQ and More on Forex Trading in Hungary

Traders usually have many concerns and questions related to trading in Hungary. To be helpful, we tried to pick and answer some of the most essential queries related to forex brokers Hungary.

How to Verify Hungary Regulated Broker?

In Hungary, forex trading is strictly regulated by the National Bank of Hungary (Magyar Nemzeti Bank). For the purposes of verifying a forex broker Hungary, traders can check the information on the bank’s official website. Also, as forex brokers available in the country fall under the ESMA regulations, traders are recommended to look for the information on the ESMA website.

Traders can also check the information on the broker’s website. Almost all brokers provide information on their availability or regional restrictions.

National Bank of Hungary - official website

Hungarian High Leverage Forex Brokers

In Hungary, high leverage is mostly available for only professional or retail traders. We highly recommend signing in with reliable brokers, although offshore brokers may be attractive with their high leverage offerings. Based on our research we found that a Swiss broker Dukascopy is quite favorable for Hungarian traders with its high leverage offerings.

Moreover, based on ESMA’s guidelines the maximum available leverage is 30:1. 500:1 leverage is available only for professional traders.

Best Stock Broker Platform Hungary

Based on our trades and tests that we conducted in different markets, we found that the best stock broker platform in Hungary is Interactive Brokers.

Tax in Hungary for Forex Trading

In Hungary, forex trading is subject to taxation. Capital gains and investment incomes are taxed the same way as general income. The general taxation rate starts from 15%. Foreign exchange profits and losses are not taxable separately. They are taxed only when having relation to other transactions.

Hungarian traders should keep in mind that it is up to them to file tax forms to the relevant tax institutions. The tax obligations should be completed in time to avoid penalties and fines.

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Best Forex Trading School New Zealand (NZ) 2022

For this list, we have searched and tested popular Forex Trading School New Zealand available both online and offline.

We have enrolled with several online Forex trading webinars, seminars, and trading school programs that are provided by different trading schools available in NZ. We have completed the trading courses and programs, webinars and checked the quality of its service fully.

At last, based on our experience we have picked the Best Forex Trading School in New Zealand available to both beginner and advanced traders. 

What is Trading School?

Before starting Forex trading, it is important to understand how the market works. New Zealand schools offer plenty of courses, webinars, and seminars to help beginners get started or traders with experience improve knowledge or polish trading skills. For beginners, it is advised to take beginners course to get a general knowledge about Markets and then select the best trading school and find a course that will cover your trading need.

Forex brokers must be registered and authorized by the Financial Markets Authority (FMA) to operate in New Zealand. FMA is one of the few reputed regulators allowing leverage as high as 500:1 and offers negative balance protection to traders. It was formed in May 2011 after New Zealand Parliament passed the Financial Markets Bill to streamline regulations in the financial services industry. Read more about New Zealand Forex Brokers.

The characteristics of a good Forex Trading School in New Zealand are:

👨‍💻 SchoolReputable School with Expert Instructors
📈 EducationOnline Course
In class Lessons
🔎 CourseBeginners Course
Advanced Course
Macro Course
Live Streaming
📑 Free Materialse-Books
Guides
Intro Videos
🏛️ QualityWell Structured material
Good access to resources
Live trade demonstrations
Demo Account
🚀 CoachingPersonal Lessons
One on One Coaching
💸 FeeFree Materials
Prepaid Courses
Monthly Subscription

Best Forex Trading Schools in New Zealand (NZ)

There are many Forex Trading Schools in New Zealand offering a variety of courses and programs to meet the needs of both beginners and experienced traders.

We have made research and picked these as the Best Forex Trading Schools in New Zealand:

All these trading schools offer comprehensive courses covering all the aspects of Forex trading, and the financial market from fundamental to advanced strategies.

New Zealand Forex Trading School Online Free or Paid

While looking for trading courses and schools in New Zealand to get started, traders are recommended to learn only from reliable and popular firms, and never use any education materials as trading advice. For our list, we selected only popular and reputable schools and courses with quality education and materials both free and paid for various level traders.

School Name City Course Course Cost Course Duration  Free Materials School Website
The Forex Trading CoachGlenduanForex Trading CoursesBoth Free and Paid PackagesOn-demandYesThe Forex Trading Coach
Forsyth BarrDunedinBuy and Sell, Cash ManagementNot ProvidedOn-demandForsyth Barr
Learning CloudAucklandIntroduction to Stock OptionsNot Provided24 HoursLearning Cloud
NZFMAWellingtonFinancial Markets Accreditation ProgramNot Provided10-20 Hours of Self-study to Complete the ExamNZFMA
Shammy’s Trading SchoolIn NZHow to Get Started with Trading the NZ Stock Market$1 NZD
On-demand (7 Lessons)Shammy’s Trading School
Lifestyle TraderAvailable in NZLifestyle Trading WorkshopFreeOn-demandYesLifestyle Trader
Collinson AdvisoryAucklandBusiness ForexNot ProvidedOn-demandCollinson Advisory
University of WaikatoHamiltonBachelor of FinanceApproximate First Year Tuition Fees – $31,775Trimester A (March), Trimester B (July)University of Waikato

FAQ and More on Schools and Forex Trading New Zealand

There are many financial trading school-related questions that both beginners and experienced traders have. Here we answer some of the common questions related to Forex trading school in New Zealand.

The Forex trading market offers many trading schools and courses for traders. Each Forex trading school in New Zealand has its own advantages and disadvantages. You just need to consider your own goals and objectives before deciding which one is right for you. However, make sure you choose a reputable school or course that provides high-quality education.

Trading School for Swing Forex Trading NZ

Forex Swing Trading is one of the popular trading strategies applied to the financial markets and is based on keeping positions longer than a day.

If you are interested in learning more about swing trading, there are several schools available in New Zealand that offer courses and programs. Here we picked the best schools on the topic:

  • Shammy’s Trading School
  • Lifestyle Trader
  • CMC Markets

Best Forex Trading School New Zealand by Category

Forex Trading Schools can focus either on one particular trading strategy or instrument preference or can run different courses based on the instrument or strategy the trader is looking for.

Here we selected some popular trading instruments and schools in New Zealand offering courses on the topic:

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Best MT4 Forex Brokers South Africa 2022

For this list, we have searched and tested several forex brokers in South Africa offering trading on MT4 trading platform.

We opened real accounts and deposited between $4,000 and $8,000 with each of the brokers, then 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 MT4 forex brokers South Africa based on our trading data and experience as a trader.

Is MetaTrader 4 MT4 Trading Platform good?

MetaTrader 4, also known as MT4, is an electronic trading platform developed by MetaQuotes in 2015. The platform comprises both server and client components; while the server component is run by the broker to give access to their services through the platform, the client component enables traders to manage their accounts, place orders, and see chart prices. Visit the official MT4 website.

The platform is commonly used among retail forex brokers and is used to trade a vast array of markets including forex, indices, cryptocurrencies, and commodities, via CFDs. Many brokers regulated by FSCA offer MT4 for South African clients, however, not all brokers have the same trading fees, support, and safety features.

Some facts on MT4:

  • MetaTrader 4 is available via desktop, mobile, and web versions
  • It is accepted by most brokers all around the world, except for Japan.
  • MetaQuotes launched MetaTrader 5 (MT5) – an upgraded version of MT4
  • the platform is available in 30 languages
  • MT4 is designed for 32-bit operating system, it will work on 64-bit operating system; however, some compatibility problems may occur.
  • MetaQuote stopped the platform in 2018 to promote its freshly-launched MT5 update.

Despite the fact, that MetaQuote is no longer selling the MT4 platform; it still remains one of the most used platform based on execution. Many traders in South Africa prefer it as a choice also due to vast number of videos, education materials, and other good sources available online.

Key features of the MT4 trading platform:

📈Trading InstrumentsForex and CFDs
🕐Timeframes9
🔜Pending Orders4 Types (Buy Stop, Buy Limit, Sell Limit, Sell Stop)
📊HedgingOnly Hedging
🔎Technical Analysis Tool30
📑Market DepthNo
🗓Economic CalendarNo
💰Order Execution Type3
📊Graphical Objects31
🖥Strategy TesterSingle-Threaded
💳Fund Transfer Between AccountsNo
💻Programming LanguageMLQ4

Best MetaTrader Forex Brokers in South Africa

To select the best MT4 forex brokers South Africa, we tested and reviewed several forex brokers with good regulation and standing. We opened live accounts and deposited real money with each broker, placed real trades to get the real picture of the spread and commission, trading platform, deposits and withdrawals conditions, education, and customer service.

  • FXTM – Best Overall MT4 Forex Broker in South Africa
  • IG Markets– Best MT4 Broker for Beginners in South Africa
  • IC Markets – Best Broker MT4 for Auto Trading
  • Tickmill – Best Mobile MT4 Broker for South Africa Trading
  • ThinkMarkets – Best South Africa MT4 Broker with Low Fees

Best Overall MT4 Broker

We picked FXTM as the best overall MT4 forex broker in South Africa.

Founded in 2011, FXTM is an FSCA-regulated CFD provider licensed by top-tier regulators in the UK, Cyprus, and South Africa. Additionally, FXTM is known to be one of the best ECN brokers offering 4 types of accounts: Stocks Account, ECN Account, ECN Zero Account, and FXTM Pro Account.

FXTM offers its clients a full suite of MetaTrader platforms with trading opportunities in forex, indices, commodities, stocks, cryptocurrencies, and spot metals.

Best MT4 Broker for Beginners in South Africa

We picked IG Markets as the best MT4 broker for beginners.

Founded in 1974, IG is a publicly-traded highly regulated brokerage company offering a comprehensive trading package with over 20,000 trading instruments.

IG provides ample educational resources through its academy suitable for beginners, as well as a demo account to allow learning different trading strategies.

Best Broker MT4 for Auto Trading

We picked IC Markets as the best broker for auto trading with the MT4 platform in South Africa.

Incorporated in 2007, IC Markets is an Australia-based forex broker offering over 3,500 tradeable instruments in the forex, indices, stocks, commodities, and cryptocurrencies sectors. IC Markets’ pros include a 1:30 high leverage under the FSA regulation, no deposit/withdrawal fees, and a $200 minimum deposit requirement.

IC Markets offers its clients AutoTrade – a trade copy service owned by Myfxbook – that offers to copy the trades of any system directly into IC Markets MT4 account. IC Markets MT4 platform doesn’t have any restrictions on trading. It has some of the best conditions for scalping, hedging, and high-frequency trading with the tightest spreads (0.0 pips).

Best Mobile MT4 Broker for South Africa Trading

We chose Tickmill as the best mobile MT4 broker for South Africa.

Tickmill is a reputable broker regulated by top-tier entities such as CySec, FCA, and FSCA. Tickmill provides trading on forex, stock indices,  oil, precious metals, and bonds with 0.0 spreads

Tickmill offers a fully customizable MT4 mobile app both on IOS and Android with interactive charts, a full set of trading orders, popular analytical tools, and pretty much all the functionality available on the desktop version.

Best South Africa MT4 Broker with Low Fees

We chose ThinkMarkets as the best MT4 broker in South Africa with low fees.

Founded in 2010, ThinkMarkets is Australia-based forex and CFD broker providing trading opportunities with forex, indices, commodities, cryptocurrencies, and shares CFDs.

ThinkMarkets offers low fees for both Standard and ThinkZero Accounts through the MT4 platform. In fact, fees for the Standard account are built into spreads; and for the ZeroThink account type, the broker charges a minimum commission fee with tight or no spreads. We didn’t find any noticeable non-trading fees like deposit/withdrawal or account maintenance fees.

MT4 Forex Brokers List

Apart from the shortlisted brokers, here is a complete list of forex brokers that are well-regulated and offers to trade on the MT4 platform for South African clients, which we have tested and reviewed.

South Africa Forex BrokerFSCA RegulatedAbout Our TestOur Review
FXTMYesDeposit Amount: Over €6,000
Total Trade: 12 trades
FXTM Review
IC MarketsYesDeposit Amount: Over €5,000
Total Trade: 12 trades
IC Markets Review
FxProYesDeposit Amount: Over €5,000
Total Trade: 15 trades
FxPro Review
AvaTradeYesDeposit Amount: Over €4,000
Total Trade: 21 trades
AvaTrade Review
ThinkMarketsYesDeposit Amount: Over €5,000
Total Trade: 15 trades
ThinkMarkets Review
INFINOXYesDeposit Amount: Over €4,000
Total Trade: 9 trades
INFINOX Review
TickmillYesDeposit Amount: Over €8,000
Total Trade: 12 trades
Tickmill Review
IGYesIG Website

FAQ and More on MT4 Brokers

Traders usually have many questions related to generic trading-related queries. We tried to answer some of the most important queries related to MT4 forex brokers South Africa.

South Africa Metatrader 4 Real Account

A real or live account is a gateway where traders need to make a deposit before trading can be done, account types vary based on broker proposal too, and typically offering standard, commission-based, or micro-accounts.

MT4 Demo Account in South Africa

A demo account on MetaTrader 4 is an account for test/practicing trading account with virtual money, and most brokers offer this account for free use; however, the access to it may be limited to 1 month or so, based on broker conditions.

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Best Czech Republic Forex Brokers 2022

To come up with this list, we have tested more than 20 forex brokers Czech Republic.

We opened a real account and deposited between $4,000 and $6,000 with each broker. Then we placed real trades in each popular market to get the accurate picture. 

We also contacted customer support to see how the team was able to solve the problems we had encountered. At last, we withdrew our funds to check the withdrawal process.

We handpicked the best forex brokers Czech Republic based on our trading data and experience as a trader.

Is Forex Trading legal in Czech Republic?

The Czech Republic is located in Central Europe. It is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the southeast. The Czech Republic is a part of the European Single Market as it is a member of the European Union. However, it still uses its own currency – the Czech koruna. 

The Czech Republic is part of the EU so all European Brokers and UK Brokers are available for Czech traders, and trading is legal activity in the country for its residents.

However, Forex brokers are regulated by the Czech National Bank (CNB). The CNB has the authority to oversee all the financial activities of the country and to monitor market participants in the Czech capital markets, thus ensuring the financial stability of the country.

The official website of the Czech National Bank is www.cnb.cz.

Czech traders have access only to CNB-regulated brokers, and also, to the brokers under the EU MiFID derivative. It’s actually highly advisable to choose from Cyprus, German, or other EU brokers with a good reputation and reliability.

🏦RegulatorThe Czech National Bank
🛡️Is It safe to tradeYes
🔒Negative Balance ProtectionYes
💰Compensation SchemeYes
📊 Maximum Leverage1:30

Best Forex Brokers in Czech Republic

When it comes to choosing a good forex broker Czech Republic, traders should remember, that there are Brokers that are based in the country and fall under local regulations. Besides, as a member of the EU, all the European brokers can accept traders from the country due to the ESMA regulation rules. It is advisable to sign only with reliable firms as money safety in trading goes first.

When choosing a forex broker Czech Republic, it is essential to pay attention to a number of important points. First, it is necessary to verify whether the broker offers payment methods available in the country. Besides, paying attention to customer support is another important aspect. Traders should always check whether the broker provides help in their preferred language.

To select the best forex brokers Czech Republic, we have tested and reviewed many forex brokers. Based on our test we have come up with the best forex brokers Czech Republic:

  • Admiral Markets – Czech Republic Best Forex Trading Brokers Overall
  • XM – Best Forex Brokers for Beginners Czech Republic
  • Tickmill – Best Czech MT4 Forex Brokers
  • FxPro – Best Forex Broker with Lowest Spread Czech Republic
  • FP Markets – Best Forex STP Broker for Czech

Czech Republic Best Forex Trading Brokers Overall

We picked Admiral Markets as the best overall forex broker Czech Republic. 

Founded in 2001 in Estonia, Admiral Markets is a global Forex and CFDs broker. The broker is heavily regulated and holds licenses in Australia, the United Kingdom, Cyprus, and Estonia. Admiral Markets enables access to multiple instruments in the following categories: forex pairs, indices, stocks, commodities, and cryptocurrencies.

Admiral Markets offers its customers 5 account types: Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, and Zero.MT5. Also, the broker has Islamic accounts for its Muslim traders. Admiral Markets offers fast and easy deposits through different payment methods: bank wires, credit and debit cards, and e-wallets such as Skrill and Neteller.

With Admiral Markets clients can conduct their tradings on MetaTrader 4 and MetaTrader 5 platforms. Both the platforms include essential tools and features that provide successful trading.

Best Forex Brokers for Beginners Czech Republic

We picked XM as the best forex broker Czech Republic for beginners.

XM was founded in 2009. It is a Forex and CFDs broker with licenses in Australia, the United Kingdom, Cyprus, UAE, and Belize. XM offers a variety of tradable instruments in the following categories: forex pairs, indices, stocks, and commodities. The broker enables fast deposits through bank wires, credit and debit cards, and e-wallets such as Skrill and Neteller.

Together with its other benefits, XM offers excellent education. This is the reason that based on our test we have chosen XM as the best beginner forex broker Czech Republic. The Tradepedia videos that are available for traders all over the world provide high-quality and prompt instructions for beginners. The broker also offers other educational materials, such as weekly webinars and detailed articles.

Best Czech MT4 Forex Brokers

We picked Tickmill as the best MT4 forex broker Czech Republic. 

Tickmill is a global Forex and CFDs broker. It was founded in 2014 and headquartered in London. The broker is licensed in a number of jurisdictions, such as the UK, Cyprus, South Africa, Seychelles, and Labuan (Malaysia). Tickmill offers 3 account types: the Pro, Classic, and VIP accounts. Tickmill also offers swap-free forex accounts. With Tickmill traders can fund their accounts using multiple methods, including bank wires, credit and debit cards, and e-wallets such as Skrill and Neteller.

We have chosen Tickmill as the best MetaTrader 4 platform as it is the broker’s only platform, so all the tools and features are concentrated on the platform, providing favorable and successful trades.

Best Forex Broker with Lowest Spread Czech Republic

We picked FxPro as the best lowest spread forex broker Czech Republic.

Founded in 2006, FxPro is headquartered in the UK. It offers CFDs for forex, shares, spot indices, futures, spot metals, and spot energies. FxPro holds licenses in the United Kingdom, Cyprus, South Africa, and The Bahamas.

The broker’s accounts are mainly based on the trading platforms: FxPro MT4 Instant, FxPro MT5, cTrader, FxPro (EDGE), MT4 fixed spread. With FxPro multiple deposit methods are available: traders can use credit and debit cards, bank transfers, and others.

We have chosen FxPro as the best lowest spread forex broker Czech Republic, as based on our research the broker’s spreads are on the lower side. It offers very low spreads for almost all the trading instruments. Only spreads for indices are slightly higher than the industry average.

Best Forex STP Broker for Czech

We picked FP Markets as the best STP forex broker Czech Republic.

First Prudential Markets (FP Markets) was founded in 2005, in Australia. The broker is heavily regulated and holds licenses in the United Kingdom, Australia, Cyprus, Saint Vincent, and the Grenadines.

FP Market offers instruments across multiple markets: forex, stocks, indices, commodities, and cryptocurrencies. Its deposit methods are fast and various: credit and debit cards, bank transfers, and online wallets like BPay, Poli, PayPal, and Neteller. Trades can be conducted on the popular MetaTrader 4, MetaTrader 5, and IRESS platforms.

We have chosen FP Markets as the best STP forex broker Czech Republic, as it offers some of the best STP trading conditions, low costs, and risks. STP brokers differ from ECN forex brokers, as ECN is a technology bridge to send orders to the market, while STP is a trading platform with Straight Process execution without dealer intervention.

Czech Republic Forex Brokers List

We have tested many regulated forex brokers, and based on our research we have been able to put together an extended list of forex brokers Czech Republic.

Czech Republic Forex BrokerAbout Our TestOur Review
eToroDeposit Amount: Over $6,000
Total Trade: 18 trades
eToro Review
Plus500Deposit Amount: Over €6,000
Total Trade: 18 trades
Plus500 Review
AXI (AxiTrader)Deposit Amount: Over €6,000
Total Trade: 12 trades
AXI Review
XMDeposit Amount: Over €5,000
Total Trade: 12 trades
XM Review
Admiral MarketsDeposit Amount: Over €4,500
Total Trade: 12 trades
Admiral Markets Review
PepperstoneDeposit Amount: Over €6,000
Total Trade: 12 trades
Pepperstone Review
Markets.comDeposit Amount: Over €4,500
Total Trade: 12 trades
Markets.com Review
Vantage FXDeposit Amount: Over €5,000
Total Trade: 15 trades
Vantage FX Review
ThinkMarketsDeposit Amount: Over €5,000
Total Trade: 15 trades
ThinkMarkets Review
GO MarketsDeposit Amount: Over €4,500
Total Trade: 12 trades
GO Markets Review
FortradeDeposit Amount: Over €5,000
Total Trade: 12 trades
Fortrade Review
ICM CapitalDeposit Amount: Over €5,000
Total Trade: 12 trades
ICM Capital Review
INFINOXDeposit Amount: Over €4,000
Total Trade: 9 trades
INFINOX Review
Capital.comDeposit Amount: Over €3,500
Total Trade: 15 trades
Capital.com Review
DarwinexDeposit Amount: Over €5,000
Total Trade: 12 trades
Darwinex Review
Amana CapitalDeposit Amount: Over €5,000
Total Trade: 12 trades
Amana Capital Review
XTBDeposit Amount: Over €5,000
Total Trade: 12 trades
XTB Review
FXTMDeposit Amount: Over €6,000
Total Trade: 12 trades
FXTM Review
TickmillDeposit Amount: Over €8,000
Total Trade: 12 trades
Tickmill Review
Trading 212Deposit Amount: Over €5,500
Total Trade: 15 trades
Trading 212 Review

FAQ and More on Forex Trading for Czech Traders

Traders usually have many doubts and questions related to trading in Czech Republic. To be helpful, we tried to pick and answer some of the most important queries related to forex brokers Czech Republic.

How to Verify Czech Republic Regulated Broker?

In fact, there are several ways of verifying a forex broker Czech Republic. As the available forex brokers in the country fall under the ESMA regulations, it would be wise to first verify the broker directly on the ESMA website.

However, forex brokers Czech Republic are also strictly regulated by the Czech National Bank. This means the Bank’s website can also provide the information traders need for verification. Yet, there is another easy way to verify a broker. Traders simply need to check the information on the broker’s website. Every broker provides about regional restrictions and availability on the official website.

Czech Republic - ESMA website

Czech Forex Brokers with $1 Minimum Deposit

There are many advantages to finding a forex broker with a $1 Minimum Deposit. Traders always prefer to trade with fewer possible losses, however is essential to check margins for instrument you wish to trade. We have tested many forex brokers Czech Republic, and found that the most trustworthy and tightly regulated broker with a $1 Minimum Deposit is Admiral Markets.

Czech Forex Brokers with Bonus

Typically none of the EU entities of brokers will offer bonuses, but reputable brokers with international entities may offer some upon opening an account under an international brand. For, instance, XM offers a $30 first-time sign-up bonus to its new clients.

Czech Forex Brokers with High Leverage

In the Czech Republic, commonly high leverage is available for only professional or retail traders. Although traders may be attracted by the offshore brokers’ offerings of high leverage, it is still advisable to sign in with a reliable broker. For instance, Dukascopy is one of the brokers we have tested that can be recommended as a high leverage forex broker Czech Republic.

Besides, based on the ESMA’s guidelines the maximum available leverage is 30:1. The leverage as high as 500:1 is available only for professional traders.

Tax in Czech Republic for Forex Trading

In fact, the Czech Republic was once considered tax heaven. In the past, the tax rate in the country was 15%. Moreover, it was subject to a deduction of up to 6%. However, the country has again shifted to progressive taxation and the tax rate for any type of personal income is 23% in the country.

Traders should remember that it is up to them to be responsible for tax paying. They need to submit tax forms to the relevant institution annually, without a delay. Otherwise, they may be obliged to pay taxes and penalties.