Best Forex Brokers for European Traders

European 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 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 and to reassure traders that they have honest intentions because it allows a broker to be held accountable by an official regulatory body. This also allows brokers to partner with more payment providers, providing you with more 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 European Forex Brokers

No.	Broker		Min Deposit	Bonus	Max Leverage	Read More
1.			$100	$10,000	400:1	REVIEW
2.			$5	*50%+20%	30:1	REVIEW
3.			$50	100%	1000:1	REVIEW
4.			$200	Various	400:1	REVIEW
5.			$100	25%	500:1	REVIEW

About Forex Brokers Recommended 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 Group – are a fantastic Forex brokerage. XM Group is a regulated online broker operated by Trading Point of Financial Instruments Ltd, a company established in 2009 that is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Ltd was established in 2015 and it is regulated by the Australian Securities and Investments Commission (ASIC 443670) and XM GLobal Limited was established in 2017 and is regulated by the Financial Services Commission (000261/158). They welcome traders of all experience levels from all European countries. *Clients registered under the EU regulated entity of XM Group are not eligible for bonuses.
• 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 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.
• BDSwiss Fx – Their CySEC regulation that incorporates MiFID/MiFID 2 makes BDSwiss FX the perfect destination for all European traders. Their no-nonsense approach to offering a service and integration with the industry standard MT4 platform offers a seamless trading experience. Their sections on articles, and the integrated economic calendar add further value. They are also one of our few five star brokers. We recommend them highly.

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.

• Cyprus – In Cyprus the Cyprus Stock Exchange Commission (CySEC) oversees the regulation of Forex brokers.
• Ireland – The Central Bank of Ireland licenses and regulates any Forex brokers based in Ireland.
• Denmark – The Danish FCA regulates the Forex trading marketplace over in Denmark.
• France – There are two authorities tasked with overseeing any Forex related companies in France and these are the Banque de France (BdF) and the Comite des Etablissements de Credit et des Entreprises D’investissement.
• Germany – Any online financial company based in Germany is required to obtain a license from the Bundesanstalt fur Finanzdienstleistungsaufsicht, better known as “BaFin”.
• Spain – Another European country who’s regulatory body oversees all Forex related companies. The Commission tasked with this understaing is referred to as the Comisión Nacional Del Mercado de Valores (CNMV).
• Sweden – Sweden’s regulator of all financial based companies operating from within their jurisdiction is the Swedish Financial Supervisory Authority who is known locally as Finansinspektionen (FI).
• United Kingdom – The United Kingdom had the Financial Services Authority (FSA), but this was changed to the Financial Conduct Authority (FCA) more recently. The FCA are tasked with overseeing Forex related products and companies offering these products operating from within its borders.
• Italy – The regulatory body that oversees Forex related products in Italy is the Commissione Nazionale per le Società e la Borsa (CONSOB).