European Forex Brokers

For many centuries Europe has been one of the major financial centers, and it still remains one of them. Thus, Europe is also one of the main sites for forex trading with large number of serious and top-tier regulatory bodies originating and located in Europe, which makes Europe one of the most favorable places to conduct forex trading.

Forex Trading Platform in Europe

In Europe forex trading is legal, while in fact, Europe is one of the best locations for Forex and is highly trustable. There are many good forex brokers with serious regulations, thus choosing a reliable Forex trading platform is not an issue, yet platform goes next after you choose a Broker. See some of our notes on European Forex Trading:

  •  European Regulated Platforms and Brokers are reliable and provide excellent service and trading conditions. Any brokerage firm that operates in Europe is required to be properly licensed by the local regulator
  • Each EU country mainly has its own regulatory body like BaFIN, FINMA, CySEC, AFM, CONSOB, MFSA etc yet all comply with EU MiFID and ESMA laws for Forex Trading
  • In order not to put the investments at risk, we advise European traders to cooperate only with EU brokers, which provide high protection, compensation scheme, and great trading conditions. Besides, many non-Europe Brokers are restricted to open account for EU residents

Check the European Commission Official website for more information on MiFID – www.finance.ec, and we recommend following the regulator on Twitter for the latest releases –@EU_Commission.

Europe Trading ProsEurope Trading Cons
Excellent Client Protection and Compensation SchemeMany offshore and scam Brokers attract European clients
Negative Balance ProtectionLimitations on Bitcoin Trading
European brokers are Highly ReputableLimitation on leverage level
Opportunity to use different trading strategies
All EU Brokers are available for European Traders due to EEA zone

Forex Regulations in Europe

In fact, every European country has its own financial regulatory body. However, there is still a higher regulatory authority – Markets in Financial Instruments Directive known as MiFID see our list of Broker that oversees and unites the financial markets in European Economic Area.

Originally established in 2006, in 2008 MiFID regulations and laws were updated and are known as MiFID II. The organization imposes very strict laws on all kinds of financial companies, including investment firms, wealth managers, broker-dealers, credit institutions, etc.

  • The primary mission of the MiFID is to control and boost investment services throughout the EU. For this purpose, it imposes numerous obligations and responsibilities. For this aim, it requires all forex brokers to be licensed by the local authority. Some of the most important financial regulators in the area are CySEC, BaFIN, CONSOB, AFM, FCA, etc.
  • All the brokers based in Europe that have local licenses can accept traders from across the EU.
  • European Securities and Markets Authority (ESMA) also takes its role in Forex Trading market regulations and imposes safety rules with set of standards towards Europe Brokers, including Operation standards and Clients protection also imposing restrictions alike decreased the leverage levels to 1:30 for retail traders, and 1:500 for professionals.
  • European Brokers considered one of the most reliable ans safest choices of Brokers worldwide along with US and UK brokers, offering numerous advantages inlcuding Top protection, Compensation Funds and Negative Balance Protection for all accounts.

MiFID

Top 5 Best Forex Brokers in Europe

There are many Good Brokers based in Europe, below you will find a listing of the Best Reviewed Brokers in Europe in our opinion. The list was created according to the specified criteria and its Trust Scores, so your choice might be narrowed to the best options:

  • HFM – Best Overall Broker in Europe 2023
  • BlackBull Markets – Best Lowest Spread Broker in Europe 2023
  • FP Markets – Best MT4 Broker in Europe 2023
  • Eightcap – Best for Beginners Broker in Europe 2023

What Time Does the European Forex Market Open?

European hours typically run from 7 a.m. to 4 p.m. GMT. While Forex trading session consists of three main trading periods – Asian, European (London), and North American sessions. The forex market is considered the most active when the sessions overlap.

What are European Session Pairs?

On the Europe Forex market the following currency pairs are among the most frequently traded: EUR/GBP, GBP/USD, USD/CHF, JPY/EUR, EUR/CHF, EUR/AUD, EUR/NZD, etc. Means they are most active during the European Session.

What is the Best Forex Broker in Europe for Stocks?

Different stock brokers offer different conditions and features that are suitable for various trading expectations. For beginner stock traders some of the best choices are Pepperstone and XM. For Real Stock Trading Interactive Brokers is one of the best options.

European EU Forex Brokers List

This is the list of Top Forex Brokers that operate in the EU or accept clients from the EU verified by us:

Broker Detail
HFM
Min. Deposit: 0 US$
Max. Leverage: 1:30 | 1:2000
Trading Platforms: MT4, MT5, HFM Trading App
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
1
HFM Review
BlackBull Markets logo BlackBull Markets
Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: FMA, FSA
2
BlackBull Markets Review
FPM logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5, cTrader
Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP, CMA
3
FP Markets Review
BDSwiss Review BDSwiss
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, BDSwiss Webtrader and App
Regulation: FSC, FSA
4
BDSwiss Review
GO Markets
Min. Deposit: 0 US$
Max. Leverage: 1:30, 1:500
Trading Platforms: MT4, MT5, cTrader, WebTrader
Regulation: ASIC, CySEC, FSC, FSA
5
GO Markets Review
HYCM
Min. Deposit: $20
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, HYCM Trader
Regulation: FCA, CySEC, DFSA, CIMA
HYCM Review
Pepperstone Review Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5, cTrader, TradingView
Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
Pepperstone Review
avatrade review AvaTrade
Min. Deposit: $100
Max. Leverage: 1:30 | 1:400
Trading Platforms: MT4, MT5, WebTrader, AvatradeGO, AvaOptions, DupliTrade, ZuluTrade, AvaSocial, Capitalise.ai
Regulation: Bank of Ireland, ASIC, JFSA, FSCA, CySEC, BVI FSC, FRSA, ISA
AvaTrade Review
FXGT.com
Min. Deposit: $5
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT5, WebTrader, MT4
Regulation: FSCA, FSA, VFSC, CySEC
FXGT.com Review