European Forex Brokers

Top 10 European Forex Brokers by TradersAsset

EUEuropean traders can enjoy a hassle-free online Forex trading experience, as they are free to open accounts and trade without restriction. There are a huge number of Forex brokers at a European traders’ disposal.

Europe is a licensing hub for these companies and they may be regulated in almost any EU territory, or more commonly, a combination of a number of them.  Either way, the matter of regulation isn’t enforced here, as with some other jurisdictions, so it hardly matters.

The real reasons Forex brokers “regulate” themselves in the EU is to differentiate themselves from brokers that operate without a license, reassure traders that they have honest intentions, because it allows a broker to sign up more payment options for your convenience.

As always, we highly recommend all traders take the necessary precautions to safeguard themselves from fraudulent online brokers. The best way to ensure that you are picking a legitimate Forex broker is to do a little research. We know your time is better spent investing and generating profits therefore we’ve done the hard work and research for you.

Below is a listing of each of the regulatory Commissions and Authorities located in several European countries for your reference. Further down below this is a brief overview of each of our featured Forex brokers. If you wish to read a more detailed review of any broker, simply click on their respective company name. We hope our EU traders will find this guide invaluable.

Top 10 European Forex Brokers

No. Broker Deposit Bonus Leverage Review
1. EU $100 $10,000 400:1
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2. EU $5 50% 888:1
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3. EU $50 100% 1000:1
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4. EU $200 Various 400:1
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5. EU $250 50% 400:1
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6. EU $100 20% 200:1
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European Jurisdictions Regulating Forex Brokers

Here’s a list of jurisdictions and the regulatory bodies who oversee the financial and Forex related markets in each respective territory.

Recommended EU Forex Brokers for European Traders

  • Avatrade – You can sign up to Avatrade for free. Deposit just $50.00 and you can explore their exciting desktop or mobile trading platforms. It’s worth mentioning that their unique AVA Mobile Trader platform is incredibly easy to use and allows traders to make Forex trades from any mobile device.
  • XM – are a fantastic broker that are fully regulated in a number of European jurisdictions including CySEC (Cyprus), MiFID (EU-wide), FCA (UK), BaFin (Germany), CNMV (Spain), AFM (Netherlands), FI (Sweden), FIN (Finland), PSZÁF (Hungary), CONSOB (Italy), ACP (France) and KNF (Poland). They welcome traders of all levels from Europe.
  • LMFX – One of their selling points is that they are open to US-traders, but don’t let that distract you from the fact that LMFX are perfect for traders from within Europe as well. They offer multi-lingual support, a number of trading account types and the fantastic MT4 platform. Traders looking for managed accounts are well catered for as LMFX offer a PAMM accounts.
  • eToro – eToro are unique as they are a community based trading environment that a lot of modern traders instantly warm to. Novice or pro traders will both enjoy trading here. eToro are fully licensed and regulated in a number of EU territories, they offer a highly attractive leverage of 400:1 and have low minimum deposit requirements of just $50.00. Try this incredible broker for yourself.
  • NetoTrade – offer attractive bonuses, tight spreads, flexible leverages, low rates and an established platform. They require a low deposit amount of just $250, and can even provide traders with a FREE demo account if you’re still uncertain about trying them out.
  • Markets.com – One of the larger Forex brokers around, and one that also offers registration in a matter of minutes. They require a minimum deposit of just $100.00, and offer plenty of banking options.
  • Oanda – This market maker broker should appeal to first time traders thanks to a minimum deposit requirement of just $1.00. You will never be forced to deposit more than you can comfortably afford. They are very well established and do of course have plenty of trading platforms on offer, many of which are suited to all traders. Just remember to get the correct data feeds elsewhere so you can compare numbers, as you would with all Market Maker Brokers.