Forex Brokers Netherlands

Netherlands also known as Holland, is a prosperous European nation with a thriving economy and a bustling financial sector. As a key player in the global economy, the Netherlands offers a wide range of investment opportunities, including Forex Trading. In this article, we will explore the Netherlands’ forex market and its regulator.

Forex Trading Platform in Netherlands

Forex trading is legal in the Netherlands, in order to select a reliable Forex Trading Platform in the Netherlands, your initial step would be to search for a reputable and Regulated Broker who provides a Trading Platform that can be used for executing trades directly.

  • In fact, Dutch traders can trade with brokers and platforms that received official authorization in the Netherlands or any other EU Brokers.
  • AFM functions as the primary regulator in Netherlands is overseeing forex trading activities carried out by brokers and traders within the forex industry. It is mandatory for all Forex brokers to be licensed by the regulatory framework established by the AFM before it can accept Netherland traders.
The Netherlands Trading ProsThe Netherlands Trading Cons
Well-established Regulation High costs
Access to all EU TradersNo Compensation Scheme
Customer Protection Not so many Brokers regulated in the Netherlands
No restrictions on Traded Instruments
All EU Brokers can accept traders from Netherlands

Forex Regulation in Netherlands

Netherlands was one of the early adopters of online trading solutions for forex and CFD products. However, due to the high risks involved in these types of trading activities, the Netherlands regulatory body – AFM, swiftly implemented regulations to protect investors and traders.

Forex brokers in the Netherlands are regulated by the Authority for the Financial Markets (AFM). Where AFM is an independent organization that is responsible for controlling and supervising the financial entities in the country. Its main aim is to make sure that the financial market is transparent and fair.

The official website of the AFM is www.afm.nl. Also, to keep yourself updated on important events follow their official Twitter account – @AutoriteitFM

  • AFM works in close cooperation with De Nederlandsche Bank, the central bank of the Netherlands, to oversee and regulate financial markets in the country.
  • AFM is responsible for supervising and regulating the behavior of financial market participants, such as brokers and investment firms, to provide clients safety with responsability to safeguard overall stability of the financial system. AFM grants licenses, and also, administers sanctions and penalties, also revoke organizations in case of breaching the set laws.
  • As a full EU member, almost all the European brokers are available to accept Netherlands traders and are EU cross-border registered due to the ESMA regulation. Besides, the regulator is a member of the International Organization of Securities Commissions (IOSC) and works closely with several international regulators.
  • The current leverage limits in the Netherlands are set at a maximum of 30:1 for major currency pairs and 20:1 for non-major currency pairs, such as exotic currency pairs. For commodities, the maximum leverage is set at 10:1, while for cryptocurrencies, the maximum leverage is set at 2:1.
  • Yet, since AFM and none of EU Brokers doesn’t allow high leverage, many scam brokers will try to attract Dutch traders. We do not recommend signing up with offshore brokers due to the high risks of capital loss. 
  • For more information on the regulator, visit the Wikipedia page.
AFM regulation

Top 5 Best Forex Brokers in Netherlands

Our list of Brokers in the Netherlands consists of the Regulated brokers only, which are advised by us and safe to invest with, also defined according to the specified criteria and their Trust Scores. The list consist of brokers either regulated by AFM or Brokers that accept Dutch clients:

  • Saxo Bank – Best Overall Broker in the Netherlands 2024
  • HFM –Best Broker for Beginners in the Netherlands 2024
  • BlackBull Markets – Best MT4 Broker in the Netherlands 2024
  • FP Markets – Best for Scalping and EA Trading 2024
  • Pepperstone – Lowest Spread Broker in the Netherlands 2024

What is ECN Broker Forex Netherlands?

ECN or the Electronic Communication Network is an automated bridging system which connects buyers and sellers directly in a trading settlement. ECN has a number of advantages including brokers to offer tighter spreads, provides anonymity, etc so ECN brokers in Netherlands should provide True ECN connection like Dukascopy, FXTM etc.

Is Bitcoin trading legal in the Netherlands?

Yes, Bitcoin trading is legal in the Netherlands. The Dutch government does not prohibit the buying, selling, or trading of cryptocurrencies, including Bitcoin. However, the Dutch regulatory authorities do have some regulations and guidelines in place to protect investors and ensure the stability of the financial system some restriction on Crypto Trading is applicable.

Can I use a foreign Forex broker in the Netherlands?

Yes, it is possible to use a foreign forex broker in Netherlands. There is no specific law or regulation that prohibits Dutch residents from using a foreign forex broker, besides any EU Broker is regulated by Netherland AFM to accept clients.

List of Netherlands Forex Brokers

These are the regulated brokers that are based in Holland or accept clients from Netherlands being EU based Brokers:

Broker Detail
HFM Logo HFM
Min. Deposit: 0 US$
Max. Leverage: 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, cTrader, BlackBull Trade, Trading View
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
Eightcap
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, TradingView
Regulation: ASIC, SCB, CySEC, FCA
4
Eightcap Review
BDSwiss Review BDSwiss
Min. Deposit: 10 US$
Max. Leverage: 1:400 | 1:2000
Trading Platforms: MT4, MT5, BDSwiss Webtrader, and BDSwiss Mobile App
Regulation: FSC, FSA, FSCA, MISA
5
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
GO Markets Review
Errante Review Logo Errante
Min. Deposit: $€50
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader
Regulation: CySEC, FSA
Errante Review
Pepperstone Review Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5, cTrader, TradingView
Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
Pepperstone Review
FXCC Review FXCC
Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, SVG FSA
FXCC Review
Octa
Min. Deposit: $25
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, Octatrader
Regulation: CySEC, SVGFSA, FSCA
Octa Review