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

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

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

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

CONSOB Regulated Forex Brokers

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

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

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

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

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

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

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

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

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

Best Forex Brokers in Italy

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

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

Best Overall Forex Broker in Italy

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

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

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

Best Forex Broker for Beginners in Italy

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

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

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

Best MT4 Broker in Italy

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

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

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

Best Forex Trading Platform in Italy

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

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

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

Lowest Spread & Trading Fee Forex Broker in Italy

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

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

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

CONSOB-Regulated Forex Brokers List & Review

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

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

FAQ & More on Italy Brokers

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

How to Verify CONSOB-Regulated Brokers?

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

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

2. EU investment firms with branches in Italy

3. EU investment firms without branches in Italy

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

CONSOB Directory for regulated EU firms without Italian branches

ECN Brokers in Italy

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

  • RoboMarkets
  • Dukascopy
  • FBS

MT4 Forex Brokers in Italy

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

  • XTB
  • FP Markets
  • GO Markets

Low Spread Forex Brokers in Italy

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

  • Capital.com
  • Pepperstone
  • XTB

Swap Free Forex Brokers in Italy

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

  • AvaTrade
  • Pepperstone
  • Amana Capital

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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