32 countries
Trading in Europe, country by country
EU rules harmonise a lot, but not everything. Compensation limits, complaint bodies, tax and some local rules still depend on where you live and where your broker is licensed.
The EU rulebook for investment firms (MiFID II) and ESMA's CFD restrictions apply in every EU and EEA country, so a retail client in Lisbon and one in Helsinki get the same leverage limits and negative balance protection from an EU-licensed CFD broker. What still differs from country to country:
- Compensation limits – from the EU minimum of €20,000 up to €100,000 in Spain and Hungary. The scheme is decided by the country where your broker is licensed.
- Out-of-court complaint bodies and how they work.
- Tax on trading gains and the tax-advantaged accounts available.
- Local rules – advertising bans, extra warnings, and which domestic brokers give you local tax reporting.
Pick your country for the full picture, including firms headquartered there.
Choose your country
AustriaEUR · 11 firms based here
BelgiumEUR · 14 firms based here
BulgariaEUR · 12 firms based here
CroatiaEUR · 7 firms based here
CyprusEUR · 39 firms based here
CzechiaCZK · 14 firms based here
DenmarkDKK · 10 firms based here
EstoniaEUR · 6 firms based here
FinlandEUR · 10 firms based here
FranceEUR · 18 firms based here
GermanyEUR · 44 firms based here
GreeceEUR · 15 firms based here
HungaryHUF · 11 firms based here
IrelandEUR · 3 firms based here
ItalyEUR · 18 firms based here
LatviaEUR · 4 firms based here
LithuaniaEUR · 2 firms based here
LuxembourgEUR · 9 firms based here
MaltaEUR · 13 firms based here
NetherlandsEUR · 15 firms based here
PolandPLN · 15 firms based here
PortugalEUR · 11 firms based here
RomaniaRON · 14 firms based here
SlovakiaEUR · 5 firms based here
SloveniaEUR · 4 firms based here
SpainEUR · 24 firms based here
SwedenSEK · 11 firms based here
IcelandISK · 4 firms based here
LiechtensteinCHF · 4 firms based here
NorwayNOK · 7 firms based here
United KingdomGBP · 50 firms based here
SwitzerlandCHF · 49 firms based here
Investor compensation at a glance
Cover if an investment firm fails and cannot return your money or securities. It depends on the country of the firm's licence, not your country of residence.
| Country | Scheme | Cover | Currency |
|---|---|---|---|
| Austria | Anlegerentschädigung von Wertpapierfirmen (AeW) / bank schemes | Up to €20,000 per investor (EU minimum shown) | EUR |
| Belgium | Protection Fund for Deposits and Financial Instruments | Up to €20,000 per investor for financial instruments (EU minimum shown) | EUR |
| Bulgaria | Investor Compensation Fund (Bulgaria) | At least €20,000 per investor (EU minimum under the Investor Compensation Schemes Directive 97/9/EC; schemes may cover 90% of the claim). (EU minimum shown) | EUR |
| Croatia | Investor Protection Fund (Croatia) | At least €20,000 per investor (EU minimum under the Investor Compensation Schemes Directive 97/9/EC; schemes may cover 90% of the claim). (EU minimum shown) | EUR |
| Cyprus | Investor Compensation Fund for CIF clients (ICF) | 90% of the covered claim, capped at €20,000 per investor | EUR |
| Czechia | Garanční fond obchodníků s cennými papíry | 90% of the claim, up to the CZK equivalent of €20,000 (EU minimum shown) | CZK |
| Denmark | Garantiformuen (Guarantee Fund) | At least €20,000 per investor (EU minimum under the Investor Compensation Schemes Directive 97/9/EC; schemes may cover 90% of the claim). (EU minimum shown) | DKK |
| Estonia | Tagatisfond (Guarantee Fund) | At least €20,000 per investor (EU minimum under the Investor Compensation Schemes Directive 97/9/EC; schemes may cover 90% of the claim). (EU minimum shown) | EUR |
| Finland | Sijoittajien korvausrahasto (Investors' Compensation Fund) | 90% of the claim, up to €20,000 per investor | EUR |
| France | FGDR – Garantie des titres | Up to €70,000 for securities, plus up to €70,000 for related cash held at an investment firm | EUR |
| Germany | EdW – Entschädigungseinrichtung der Wertpapierhandelsunternehmen | 90% of the claim, up to €20,000 per investor (investment firms) | EUR |
| Greece | Investment Services Guarantee Fund (ΣΚΕΥ / Syneggiitiko) | Up to €30,000 per investor (EU minimum shown) | EUR |
| Hungary | Befektető-védelmi Alap (BEVA – Investor Protection Fund) | 100% up to HUF 1 million, 90% above that, capped at €100,000 per investor | HUF |
| Ireland | Investor Compensation Company DAC (ICCL) | 90% of the loss, up to €20,000 per investor | EUR |
| Italy | Fondo Nazionale di Garanzia (FNG) | Up to €20,000 per investor | EUR |
| Latvia | Investor Protection Scheme (Latvia) | At least €20,000 per investor (EU minimum under the Investor Compensation Schemes Directive 97/9/EC; schemes may cover 90% of the claim). (EU minimum shown) | EUR |
| Lithuania | Investor protection via Deposit and Investment Insurance (Indėlių ir investicijų draudimas) | At least €20,000 per investor (EU minimum under the Investor Compensation Schemes Directive 97/9/EC; schemes may cover 90% of the claim). (EU minimum shown) | EUR |
| Luxembourg | Système d'indemnisation des investisseurs Luxembourg (SIIL) | Up to €20,000 per investor (EU minimum shown) | EUR |
| Malta | Investor Compensation Scheme (Malta) | 90% of the net liability, up to €20,000 per investor | EUR |
| Netherlands | Investor compensation scheme (beleggerscompensatiestelsel), run by DNB | Up to €20,000 per investor (€40,000 for a joint account) | EUR |
| Poland | KDPW investor compensation scheme | 100% up to €3,000, 90% above, with total compensation capped at €20,100 per investor | PLN |
| Portugal | Sistema de Indemnização aos Investidores (SII) | Up to €25,000 per investor | EUR |
| Romania | Fondul de Compensare a Investitorilor (FCI) | At least €20,000 per investor (EU minimum under the Investor Compensation Schemes Directive 97/9/EC; schemes may cover 90% of the claim). (EU minimum shown) | RON |
| Slovakia | Garančný fond investícií (Investment Guarantee Fund) | Up to €50,000 per client | EUR |
| Slovenia | Investor compensation scheme (Slovenia) | At least €20,000 per investor (EU minimum under the Investor Compensation Schemes Directive 97/9/EC; schemes may cover 90% of the claim). (EU minimum shown) | EUR |
| Spain | FOGAIN – Fondo de Garantía de Inversiones | Up to €100,000 per investor (clients of investment firms) | EUR |
| Sweden | Investerarskyddet (Riksgälden) | Up to SEK 250,000 per investor | SEK |
| Iceland | Depositors' and Investors' Guarantee Fund (TIF) | At least €20,000 per investor (EU minimum under the Investor Compensation Schemes Directive 97/9/EC; schemes may cover 90% of the claim). (EU minimum shown) | ISK |
| Liechtenstein | Einlagensicherungs- und Anlegerentschädigungs-Stiftung (EAS) | At least €20,000 per investor (EU minimum under the Investor Compensation Schemes Directive 97/9/EC; schemes may cover 90% of the claim). (EU minimum shown) | CHF |
| Norway | Verdipapirforetakenes sikringsfond | At least €20,000 per investor (EU minimum under the Investor Compensation Schemes Directive 97/9/EC; schemes may cover 90% of the claim). (EU minimum shown) | NOK |
| United Kingdom | Financial Services Compensation Scheme (FSCS) | Up to £85,000 per person per firm for investments | GBP |
| Switzerland | No investor compensation scheme – securities in custody are segregated and returned in a bank failure | Securities are separated from the bank's own assets; cash is covered by deposit protection | CHF |
Limits checked September 2026. Where we could not confirm a scheme's exact limit we show the EU minimum; always confirm with the scheme.