Best Forex Brokers Ireland 2024

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

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

Afterward, we reached out to the customer support team to see if they were able to solve our issues. Finally, we withdrew our funds to check the withdrawal process.

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

Is Forex Trading Legal in Ireland?

Ireland is an island situated in the North Atlantic Ocean. It is located in north-western Europe. The country’s population is over 5 million. Ireland’s economy is in constant growth and development, thus making it one of the leading economies in Europe. The country depends mostly on its agriculture and industrial sectors and tourism. Ireland is especially a leading exporter of medical products and IT technology.

The country’s Stock Exchange is considered the fifth largest worldwide. Ireland’s currency is Euro. Still in 2003, the country made a shift from pound to EUR.

Forex trading in Ireland is legal and available. The market is regulated by the Central Bank of Ireland. The main function of the bank is to ensure the monetary stability in the country and make sure to serve the best interests of the consumers and the country’s economy.

The official website of the Central Bank of Ireland is www.centralbank.ie.

However, as Ireland is an EU member, it also complies with the same laws and rules that are general for all the EU member countries. Thus, the market follows the MiFID II rules and regulations. Read more about MiFID II on the Wikipedia page.

EU Finance Market Authority (ESMA) was also created to protect forex traders. With ESMA’s laws, the traders stand on safer ground. Visit the ESMA official website here.

🏦Regulator	The Central Bank of Ireland
🛡️Is It safe to trade	Yes
🔒Negative Balance Protection	Yes
💰Compensation Scheme	Yes
📊 Maximum Leverage	1:30

Best Forex Broker Ireland

Finding forex brokers Ireland is quite easy. There are many brokers located in the country and fall under local regulation. Anyway, being a member of the EU, almost all the European forex brokers are available in the country for safe and profitable trading. We recommend signing with only trustworthy and regulated brokers, as money safety in forex trading goes first.

When choosing a forex broker Ireland, we advise traders to pay attention to several important aspects. First, check whether the payment methods offered by the broker are available for Ireland traders. Besides, check also the availability of the customer support. Find out whether the broker provides customer support in your preferred language.

To select the best forex brokers Ireland, we have reviewed many regulated forex brokers. Based on our research, we have come up with a list of the best forex brokers for traders from Ireland:

• Go Markets – Best Online Broker Ireland Overall
• Tickmill – Best brokers for Beginners in Ireland
• Pepperstone – Best Broker for OTC Stocks Ireland
• FXTM – Best Irish Brokers with Low Spreads
• Vantage FX – Best Spread Betting Brokers Ireland

Best Online Broker Ireland Overall

We picked Go Markets as the best online forex broker Ireland overall.

GO Markets was founded in 2006. It is a global forex broker, headquartered in Australia. Go Markets is tightly regulated with licenses in Australia, Cyprus, the UAE, Mauritius, and Seychelles. With the broker, clients have access to the following markets: Forex pairs, indices, metals, commodities, and shares.

GO Markets has 3 main account types: the Standard account, the GO Plus+ account, and the Pro account. GO Markets offers free and fast deposits and withdrawals via bank transfers, credit and debit cards, and e-wallets such as Skrill, PayPal, and Neteller. GO Markets offers the popular MT4 and MT5 platforms.

The broker offers great trading conditions. It allows high-risk strategies such as hedging and scalping. Moreover, the broker allows traders to run automated strategies, such as Expert Advisors (EAs).

Go Markets is also quite good at providing education material. The section includes a Forex Trading Handbook that offers an introduction to the Forex markets for beginner traders, also, MT4 tutorials to be able to navigate the platform.

Best Brokers for Beginners in Ireland

We picked Tickmill as the best forex broker Ireland for beginners.

Founded in 2014 Tickmill is one of the best CFD brokers, based in London. Tickmill is licensed in multiple jurisdictions: the UK, Cyprus, South Africa, Seychelles, and Labuan (Malaysia). Trading with Tickmill is possible in the following markets: Forex, Commodity, Indices, and Bonds.

Tickmill offers various funding methods, including debit/credit cards, bank transfers, and e-wallets such as Skrill, and Neteller.

The broker offers 3 main account types: the Pro, Classic, and VIP accounts. As to the trading platforms, clients do not have much choice. It offers only an MT4 platform to conduct the trades.

We have picked Tickmill as the best forex broker Ireland for beginners. Its education section is quite diverse with webinars, seminars, ebooks, video tutorials, forex glossary, fundamental analysis, technical analysis, market insights, and infographics.

Best Broker for OTC Stocks Ireland

We picked Pepperstone as the best OTC Stock forex broker Ireland.

Founded in 2010 Pepperstone is an Australian Forex and CFDs broker. It is regulated in several jurisdictions: Australia, the United Kingdom, Cyprus, Germany, Bahamas, the UAE, and Kenya. Pepperstone has the following offerings: forex pairs, indices, stocks, commodities, ETFs, cryptocurrencies, and a currency index.

Pepperstone offers 2 account types: the Razor and Standard accounts. To fund their trading accounts, the broker enables its clients to choose one of the following methods: bank wires, credit and debit cards, and e-wallets such as PayPal. Pepperstone offers the popular MT4 and MT5 platforms to its clients, as well as TradingView and the cTrader platform.

We have chosen Pepperstone as the best OTC stock broker, as its offerings are diverse and favorable, suitable for profitable trading.

Best Irish Brokers with Low Spreads

We picked FXTM as the best low spread forex broker Ireland.

FXTM is based in Cyprus and was founded in 2011. It has multiple licenses in the United Kingdom, Cyprus, South Africa, and Mauritius. With FXTM clients have access to multiple trading instruments: forex pairs, indices, commodities, stocks, cryptocurrencies, spot metals, and real stocks.

The broker has several account types: Standard Account, Cent Account, and Stock CFDs Account. This is one of the leading cent account brokers with favorable offerings. FXTM offers its clients the popular MT4 and MT5 platforms to conduct their trades.

As to the account funding, the broker offers various payment methods: wire transfers, credit cards, local bank transfers, and popular e-wallets like Skrill, Neteller, and Paypal.

We have chosen FXTM as the best low-spread forex broker Ireland as the broker’s spreads are either lower than the industry average or in line with the average industry benchmark. Read more about the Lowest Spread Forex Brokers.

Best Spread Betting Brokers Ireland

We picked Vantage FX as the best spread betting forex broker Ireland.

Vantage FX is a forex and CFDs broker founded in 2009. It is headquartered in Sydney, Australia. The broker is tightly regulated with licenses in multiple jurisdictions: the United Kingdom, Australia, Vanuatu, and The Cayman Islands. Vantage FX offers various tradable instruments: forex, indices, commodities, cryptocurrencies, and shares CFDs.

The broker has several account types: Raw ECN, Standard STP, and Pro ECN. With Vantage FX clients can conduct their trades on MetaTrader 4 and MetaTrader 5 platforms.

Based on our research we found that Vantage FX is one of the best spread betting forex platforms.

Ireland Forex Brokers List

We have tested many regulated and trustworthy forex brokers Ireland. Based on our research, we have come up with a list of available forex brokers Ireland.

Ireland Forex Broker	About Our Test	Our Review
Plus500	Deposit Amount: Over €6,000 Total Trade: 18 trades	Plus500 Review
Pepperstone	Deposit Amount: Over €6,000 Total Trade: 12 trades	Pepperstone Review
ICM Capital	Deposit Amount: Over €5,000 Total Trade: 12 trades	ICM Capital Review
eToro	Deposit Amount: Over $6,000 Total Trade: 18 trades	eToro Review
FXTM	Deposit Amount: Over €6,000 Total Trade: 12 trades	FXTM Review
Admiral Markets	Deposit Amount: Over €4,000 Total Trade: 12 trades	Admiral Markets Review
FP Markets	Deposit Amount: Over €6,000 Total Trade: 12 trades	FP Markets Review
Trading 212	Deposit Amount: Over €5,500 Total Trade: 15 trades	Trading 212 Review
ActivTrades	Deposit Amount: Over €5,000 Total Trade: 12 trades	ActivTrades Review
XTB	Deposit Amount: Over €5,000 Total Trade: 12 trades	XTB Review
FxPro	Deposit Amount: Over €5,000 Total Trade: 15 trades	FxPro Review
Dukascopy	Deposit Amount: Over €4,000 Total Trade: 15 trades	Dukascopy Review
IC Markets	Deposit Amount: Over €5,000 Total Trade: 12 trades	IC Markets Review
Tickmill	Deposit Amount: Over $8,000 Total Trade: 12 trades	Tickmill Review
Amana Capital	Deposit Amount: Over €5,000 Total Trade: 12 trades	Amana Capital Review

FAQ and More on Forex Trading Brokers in Ireland

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

How to Verify Ireland Regulated Forex Brokers?

There are several options to verify an Ireland forex broker. The most common way for verification is to check the information on the regulator’s website. As previously has been mentioned, in Ireland forex market is regulated by the Central Bank of Ireland.

However, being an EU member, Ireland also follows ESMA’s regulations. Generally, ESMA lists all the regulated and available forex brokers on its website.

In addition, there is another way to verify a forex broker Ireland. You can just visit the broker’s website and see whether it offers services in your region. Almost all brokers mention on their websites the available and restricted regions.

Ireland Best Broker for Day Trading

Day traders buy and sell financial instruments within the same trading day, and before the market closes all the positions should be closed.

Based on our tests we have come up with the following day trading forex brokers Ireland:

• Pepperstone
• XTB
• AvaTrade

Best Cryptocurrency Brokers Ireland

The regulating body in the country – the Central Bank of Ireland has issued warnings concerning crypto-asset investment. Although, there is no official prohibition or ban as such, however, cryptocurrencies are still not encouraged. We recommend conducting your own research before starting your trades.

Tax for Forex Trading in Ireland

In Ireland forex trading is taxable. All the profits gained from CFD trading are subject to taxation. They are taxed as capital gains at the rate of 33%. On the other hand, spread betting profits are not liable to taxation.

We recommend Ireland traders be cautious and responsible for filing tax forms to the country’s relevant institution. If they fail to do so, they may face fines and penalties.