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

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 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
Capital.comDeposit Amount: Over €3,500
Total Trade: 15 trades 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.

Author of this review

By George Rossi

Author of this review

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.

Now I am passionate about reviewing and comparing forex brokers.

Everything you find on BrokerTested is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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