European Union Foreign Exchange

Choosing your forex broker is a crucial step in the success of every trader’s operations. Here you will find the best forex brokers based on the most comprehensive data & review to help you find the best broker for your needs.

1. Regulated Broker

It is important that your broker is registered with the financial authority regulating your country of residence. Thus, you will benefit from protection for your funds and help in case of litigation, EU Regulated Forex Brokers must complied ti MiFID directive.

Markets in financial instruments directive – MiFID

MiFID is the markets in financial instruments directive (Directive 2004/39/EC). In force since November 2007, it is a cornerstone of the European Union’s regulation of financial markets.

2. Minimum Deposit

Most Forex Brokers have a minimum deposit requirement. If you want to start with a little investment, it can be useful to know which broker accept small deposit. As well, if you are looking to make a huge deposit, you can have some advantages to find a different broker.

3. Trading Platform

It is essential that the broker offers the trading platform that you use. The table above the trading platforms offered by the various forex brokers.

The comparative table below will help you to choose the best broker corresponding to your needs and your country of residence.

4. Spreads Commissions and Fees

Trading financial instrument are not free and . If you it will be a better option for you to open your trading account with the broker that offer the best conditions for your specific needs.

Forex Broker

Regulator / Funds Protection

Trading Conditions

Trading Platforms

AvaTrade Logo MCFC Manchester-City  EU (BCI, MiFID,+)
 Central Bank of Ireland (No.C53877)
 Australia ASIC (No.406684)
 B.V.I Financial Services Commission
Japan FSA (No.1662) and FFAJ (No.1574)
South African Financial Services Board (FSP No.445984)
 Regulated in more than 150 countriesESMA Risk Warning:”78% of clients are loosing money. Capital at risk.”

Minimum Deposit: 250 $€£

Spread from 0.9 pip

avatrade platform

Avatrade Demo

Visit Website

cityindex uk cfd

FCA Register Number 113942

ESMA & FCA Risk Warning:

“76% of clients are loosing money. Capital at risk.”

Minimum Deposit: 100 $€£

Spread from 0.5 pip

cityindex platform

CityIndex Demo

Visit Website

forex.com

FCA Register Number 113942

ESMA & FCA Risk Warning:

“80% of clients are loosing money. Capital at risk.”

Min Deposit: 50 $€£
Trade 80+ currency pairs, 100+ equities, commodities, indices and cryptocurrencies
metatrader

forex.com demo

Visit Website

z.com trade

FCA Register Number 622897

ESMA & FCA Risk Warning:

“67% of clients are loosing money. Capital at risk.”

Minimum Deposit: 50 $€£

Spread from 0 pip

auton z.com trade

Z.com Trade Demo

Visit Website

courtier forex etx capital

FCA Register Number 124721

ESMA & FCA Risk Warning:

“76% of clients are loosing money. Capital at risk.”

Min Deposit: 200 $€£
ETX Capital DemoVisit Website
Dukascopy EU

 EU (MiFID)

“86% of clients are loosing money. Capital at risk.”

Minimum deposit: 100 $€£

 

jforex 3

Dukascopy DemoVisit Website
forex broker fxcc  EU (BCI, MiFID,+)
 UK FCA (FSA) reference (no.549790)
Minimum deposit: $100 avatrade metatrader mt4

XM DemoVisit Website

forex broker fxcc

 EU (MiFID

ESMA & FCA Risk Warning:

“85% of clients are loosing money. Capital at risk.”

 

 Minimum deposit: 100 $€£

metatrader metaquotes HYCM Demo

Visit Website

markets.com

 

 EU (Cysec, MiFID,+)
Afrique du Sud (FSB)

X Belgium, Canada, Japan, United-States

ESMA Risk Warning:

“72% of clients are loosing money. Capital at risk.”

Minimum deposit: 200 $€£ markets trading platfom markets.com DemoVisit Website
xm forex broker

 

 EU (BCI, MiFID,+)
Afrique du Sud (FSB)
 Australia ASIC (No.443670)
 France ACP (No.73640)
 Germany BaFin (No.124161)
 Hungary MNB (No.K0005633)
 Italy CONSOB (No.3046)
 UK FCA (FSA) reference (no.538324)
 Regulated in more than +150 countries

X United States of America, Canada and Israel

ESMA & FCA Risk Warning:

“69.4% of clients are loosing money. Capital at risk.”

Minimum deposit: 100 $€£  xm bitcoin trading platform

XM DemoVisit Website

MiFID is the markets in financial instruments directive (Directive 2004/39/EC)

It governs provision of investment services in financial instruments by banks and investment firms operation of traditional stock exchanges and alternative trading venues While MiFID created competition between these services and brought more choice and lower prices for investors, shortcomings were exposed in the wake of the financial crisis.

MiFID 2 and MiFIR

In June 2014, the European Commission adopted new rules revising the MiFID framework. These consist of a directive (MiFID 2) and a regulation (MiFIR).

MiFID 2 aims to reinforce the current European rules on securities markets by

  • ensuring that organised trading takes place on regulated platforms
  • introducing rules on algorithmic and high frequency trading
  • improving the transparency and oversight of financial markets – including derivatives markets – and addressing some shortcomings in commodity derivatives markets
  • enhancing investor protection and improving conduct of business rules as well as conditions for competition in the trading and clearing of financial instruments
  • Building on the rules already in place, the revised MiFID rules also strengthen the protection of investors by introducing requirements on the organisation and conduct of actors in these markets .

MiFIR sets out requirements on:

  • disclosure of data on trading activity to the public
  • disclosure of transaction data to regulators and supervisors
  • mandatory trading of derivatives on organised venues
  • removal of barriers between trading venues and providers of clearing services to ensure more competition
    specific supervisory actions regarding financial instruments and positions in derivatives
  • The application date of MiFID II and MiFIR, initially scheduled for 3 January 2017, has been extended to 3 January 2018.

Related links

List of EU regulated markets
Workshop on new investor protection rules in MiFID II – 26 September 2017

Forex Broker Regulator by Country

 

France

ACP : Autorité de Contrôle Prudentiel

AMF : Autorité des Marchés Financiers

Finland

FIN : Finanssivalvonta Finansinspektionen

Germany

BaFin : Bundesanstalt für Finanzdienstleistungsaufsicht

 

Hungary

MNB : Magyar Nemzeti Bank

Italy

CONSOB : Commissione Nazionale per la Società e la Borsa

Netherlands

AFM : Autoriteit Financiële Markten

Spain

CNMV : Comisión Nacional del Mercado de Valores

 

Sweden

FI : Finansinspektionen

United Kingdom

FCA : Financial Conduct Authority