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.
| 🏦Regulator | The Czech National Bank |
| 🛡️Is It safe to trade | Yes |
| 🔒Negative Balance Protection | Yes |
| 💰Compensation Scheme | Yes |
| 📊 Maximum Leverage | 1:30 |
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 Broker | About Our Test | Our Review |
|---|---|---|
| eToro | Deposit Amount: Over $6,000 Total Trade: 18 trades | eToro Review |
| Plus500 | Deposit Amount: Over €6,000 Total Trade: 18 trades | Plus500 Review |
| AXI (AxiTrader) | Deposit Amount: Over €6,000 Total Trade: 12 trades | AXI Review |
| XM | Deposit Amount: Over €5,000 Total Trade: 12 trades | XM Review |
| Admiral Markets | Deposit Amount: Over €4,500 Total Trade: 12 trades | Admiral Markets Review |
| Pepperstone | Deposit Amount: Over €6,000 Total Trade: 12 trades | Pepperstone Review |
| Markets.com | Deposit Amount: Over €4,500 Total Trade: 12 trades | Markets.com Review |
| Vantage FX | Deposit Amount: Over €5,000 Total Trade: 15 trades | Vantage FX Review |
| ThinkMarkets | Deposit Amount: Over €5,000 Total Trade: 15 trades | ThinkMarkets Review |
| GO Markets | Deposit Amount: Over €4,500 Total Trade: 12 trades | GO Markets Review |
| Fortrade | Deposit Amount: Over €5,000 Total Trade: 12 trades | Fortrade Review |
| ICM Capital | Deposit Amount: Over €5,000 Total Trade: 12 trades | ICM Capital Review |
| INFINOX | Deposit Amount: Over €4,000 Total Trade: 9 trades | INFINOX Review |
| Capital.com | Deposit Amount: Over €3,500 Total Trade: 15 trades | Capital.com Review |
| Darwinex | Deposit Amount: Over €5,000 Total Trade: 12 trades | Darwinex Review |
| Amana Capital | Deposit Amount: Over €5,000 Total Trade: 12 trades | Amana Capital Review |
| XTB | Deposit Amount: Over €5,000 Total Trade: 12 trades | XTB Review |
| FXTM | Deposit Amount: Over €6,000 Total Trade: 12 trades | FXTM Review |
| Tickmill | Deposit Amount: Over €8,000 Total Trade: 12 trades | Tickmill Review |
| Trading 212 | Deposit 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 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.