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 2024
  • BlackBull Markets – Best Lowest Spread Broker in Europe 2024
  • FP Markets – Best MT4 Broker in Europe 2024
  • Eightcap – Best for Beginners Broker in Europe 2024

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
FXTB
Min. Deposit: 250 EUR
Max. Leverage: 1:30
Trading Platforms: WebTrader, MT4
Regulation: CySEC
FXTB Review
TriumphFX logo TriumphFX
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: MT4
Regulation: CySEC, FSC, FSA
TriumphFX Review
Ayondo Review Logo Ayondo
Min. Deposit: $100
Max. Leverage: 1:30
Trading Platforms: MT4, MT5, ActivTrader
Regulation: BaFin
Ayondo Review
Tickmill Broker review Tickmill
Min. Deposit: $100
Max. Leverage: 1:30
Trading Platforms: MT4, MT5 WebTrader, Mobile App
Regulation: FCA, FSA, CySEC, FSCA
Tickmill Review
LCG London Capital Group review LCG
Min. Deposit: $0
Max. Leverage: 1:30
Trading Platforms: LCG Trader, MT4
Regulation: FCA, CySEC, SCB
LCG Review
ICM Capital Broker review ICM Capital
Min. Deposit: $200
Max. Leverage: 1:30 | 1:200
Trading Platforms: MT4
Regulation: FCA, FSC, FSA, ARIF, SCAB, QFC
ICM Capital Review
Amana Capital Review Amana Capital
Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:100
Trading Platforms: Amana App
Regulation: FCA, CySEC, DFSA, LFSA, FSC
Amana Capital Review
Velocity Trade Logo Velocity Trade
Min. Deposit: $0
Max. Leverage: from 1:30 up to 1:500
Trading Platforms: MT4, PFSOFT
Regulation: ASIC, FCA, IIROC, FMA, BaFIN, FSCA
Velocity Trade Review
LMAX Exchange Review LMAX Exchange
Min. Deposit: $10,000
Max. Leverage: 1:30 | 1:500
Trading Platforms: LMAX Exchange Proprietary Platform, MT4/MT5 bridges
Regulation: FCA, CySEC, FSP
LMAX Exchange Review
CornerTrader Review CornerTrader
Min. Deposit: $2,000
Max. Leverage: 1:200
Trading Platforms: CornerTrader Platform
Regulation: FINMA
CornerTrader Review