In this article, we explore the best Forex brokers in Europe, which are popular amongst traders for their strong regulatory status, comprehensive platform offering, and selection of tradable instruments.
In this in-depth guide, you’ll learn:
- What is a European-regulated Forex broker?
- Who are the best 5 European-regulated Forex Brokers?
- List of best-regulated Forex brokers.
- Best Forex Broker in Europe Reddit.
- Pros and cons of each broker.
- Popular FAQs about European-Regulated Forex brokers.
Let’s dive right in…
Best Forex Brokers in Europe
| 🔎 Broker | 👉Open Account | 💴 Minimum Dep. | 💵 Regulation |
| 🥇AvaTrade | 👉 Open Account | USD 100 / R1806 | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA |
| 🥉Plus500 | 👉 Open Account (CFD Service. Your capital is at risk) | USD 100 / R1806 | CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA |
| 🥇Eightcap | 👉 Open Account | USD 100 / R1806 | ASIC, SCB |
| 🥇FxPro | 👉 Open Account | USD 100 / R1806 | FCA, CySEC, FSCA, SCB |
| 🥉FP Markets | 👉 Open Account | USD 100 / R1806 | ASIC, CySEC, FSCA, CMA |
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Our 5 Best Forex Brokers in Europe Revealed:
- ☑️AvaTrade – Best Award Regulated Forex Broker.
- ☑️Plus500 – Excellent proprietary platform.
- ☑️Eightcap – Strong educational content.
- ☑️FxPro – 2100+ instruments and Offers VPS.
- ☑️FP Markets – Spreads and commissions below the industry average.
1. AvaTrade
AvaTrade is a well-known Dublin-based Forex broker that is regulated globally in Europe, Australia, Japan, and, most recently, South Africa.
AvaTrade differentiates itself for its unparalleled selection of trading platforms, which include the full MetaTrader suite for mobile and desktop, RoboX, Mirror Trader, MQL5 Signal Service, API Trading, and Duplitrade.
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Traders with AvaTrade will have access to Forex, cryptocurrencies, indices, bonds, stocks, ETFs, commodities, and options.
AvaTrade is a good Forex broker in Europe.
Features
| Category | Details |
| Company Information | |
| 🏷️Company Name | AvaTrade |
| 📍Headquarters Location | Dublin, Ireland |
| 📅Year Established | 2006 |
| 👤CEO/Founder | Dáire Ferguson |
| 🌐Global Offices | Over 15 offices worldwide, including Japan, Australia, and South Africa |
| 🔖Licensing Body | Central Bank of Ireland, ASIC, FSA (Japan), FSCA (South Africa), ADGM (UAE) |
| 👥Group Companies | Ava Capital Markets, AvaTrade EU, AvaTrade Japan, AvaTrade Middle East |
| 🏛️Business Model | Market Maker |
| 🌍Operational Languages | Over 20 languages, including English, Spanish, French, and Arabic |
| 🏆Awards & Recognitions | Best Broker 2023, Best Trading App 2022, among others |
| Regulation and Security | |
| 🛡️Regulation | CBI, BVI FSC, ASIC, FSCA, ADGM, FRSA, ISA |
| ✔️Compliance Standards | Adheres to MiFID II, ASIC regulations, and other regional compliance standards |
| 💼Client Fund Segregation | Yes, client funds are held in segregated accounts |
| 🪫Negative balance protection | Yes, ensuring traders cannot lose more than their account balance |
| 🕵️♂️Financial Conduct Oversight | Regular audits and monitoring by respective regulatory bodies |
| 💰Insurance Coverage | Professional indemnity insurance in line with regulatory requirements |
| 📋AML & KYC Policy | Strict Anti-Money Laundering (AML) and Know Your Customer (KYC) policies |
| 🔒Security of Trading Platform | Advanced SSL encryption, two-factor authentication (2FA), and secure servers |
| 🛡️Investor Compensation Fund | Member of investor compensation schemes depending on regional regulations |
| 🖥️Cybersecurity Measures | Robust firewalls, regular penetration testing, and secure backups |
| Account Types and Features | |
| ⚙️Standard Account | Yes, available with competitive features |
| 📊ECN Account | No, AvaTrade does not offer an ECN account |
| 🌙Islamic Account | Yes, swap-free accounts are available for Muslim traders |
| 🎮Demo Account | Yes, a free demo account is available with virtual funds |
| 👑VIP Account | Yes, available for high-net-worth traders with enhanced features |
| 💵Minimum Deposit | $100 / R1806 |
| 💱Base Currencies | USD, EUR, GBP, AUD, and others depending on the region |
| ⚖️Leverage Options | Up to 1:400 (varies based on region and asset class) |
| 📈Spreads (Fixed/Variable) | Fixed spreads EUR/USD starts at 0.9 pips |
| 🔄Swap-Free Accounts | Yes, available for Islamic accounts |
| 🌐Account Currency Conversion | Yes, account currencies can be converted during setup |
| 🚨Margin Call Level | 50% |
| ❌Stop-Out Level | 20% |
| 🔄Hedging Allowed | Yes |
| ⚡Scalping Allowed | No, scalping is not permitted under AvaTrade’s policies |
| 🔁Copy Trading Support | Yes, through integration with ZuluTrade and DupliTrade |
| 👥Social Trading Features | Yes, via third-party platforms |
| 💼Managed Accounts | No, AvaTrade does not offer managed accounts |
| Trading Conditions | |
| 🔍Average Spreads | EUR/USD starts from 0.9 pips (fixed spreads) |
| 💲Commissions per Trade | None, spreads only |
| 🔢Leverage Range | Up to 1:400 |
| 🚀Execution Speed | Ultra-fast execution |
| 📊Order Execution Type | Market execution |
| 🔄Slippage Policy | Minimal slippage, detailed in terms |
| 📏Margin requirements | Varies by asset class |
| ⏹️Stop-Loss and Take-Profit Orders | Yes |
| 🔁Trailing Stops | Yes |
| 🕑Pending Orders | Yes |
| 🔽Partial Fills | Yes |
| 🧾Dividend Adjustments | Yes |
| 🌙Overnight Swap Fees | Applicable, waived for Islamic accounts |
| 📆Rollover Policy | Follows market standards |
| 🛑Guaranteed Stop Loss | Yes, for specific instruments |
| Trading Instruments | |
| 💹Forex Currency Pairs | 55+ pairs, including majors, minors, and exotics |
| 🪙Precious Metals (Gold/Silver) | Yes |
| 📈Indices | Yes |
| 🌾Commodities | Yes, including soft commodities |
| ⛽Energies (Oil/Natural Gas) | Yes |
| ₿Cryptocurrencies | Yes (via platforms and email) |
| 📉Stocks | Yes, global stocks available |
| 🗂️ETFs | Yes |
| 🏛️Bonds | No |
| 📜Futures Contracts | No |
| 🛡️Options Contracts | Yes |
| ⚖️CFDs (Contracts for Difference) | Yes |
| 🔣Swap on Trading Board | Yes |
| 🔀Leveraged Instruments | Yes, leverage up to 1:400 |
| 🎯Micro-Lot Trading | Yes |
| 💸Spread Betting | Yes, available in some regions |
| 🧺Currency Baskets | No |
| Deposits and Withdrawals | |
| 💳Deposit Methods | Credit/Debit Cards, Bank Wire Transfer, E-Wallets (Skrill, Neteller), Local Payment Methods |
| 💵Withdrawal Methods | Credit/Debit Cards, Bank Wire Transfer, E-Wallets (Skrill, Neteller) |
| ⏱️Processing Time for Deposits | YesInstant for most methods, 1-3 business days for bank transfers |
| 🕒Processing Time for Withdrawals | 24-48 hours for most methods, up to 5 business days for bank transfers |
| 🚫Deposit Fees | No |
| 💵Withdrawal Fees | No |
| 🔢Minimum Deposit Amount | $100 |
| 📉Minimum Withdrawal Amount | $100 (may vary by method) |
| 🚪Maximum Withdrawal Limit | No specific limit, subject to account balance |
| 💱Supported Currencies | USD, EUR, GBP, AUD, and more |
| ₿Crypto Deposits & Withdrawals | Not supported |
| 🏦Bank Wire Transfers | Supported |
| 💳Credit/Debit Cards | Supported |
| 📲E-Wallets (Skrill, Neteller, etc.) | Supported |
| 🏘️Local Payment Methods | Supported (varies by region) |
| Trading Platforms and Tools | |
| 💻MetaTrader 4 (MT4) | Yes, fully supported |
| 👩💻MetaTrader 5 (MT5) | Yes, available for advanced trading |
| 🖥️Proprietary Platform | Yes, AvaTradeGo and WebTrader |
| 📱Mobile Trading App | Yes, AvaTradeGo offers comprehensive mobile trading |
| 🌐Web-Based Platform | Yes, WebTrader is available |
| 🤖Trading Bots | Yes, compatible with EAs (Expert Advisors) |
| 🖧VPS Services | Available upon request |
| 🔌API Connectivity | No |
| 📉Charting Tools | Advanced charting tools are available |
| 🧮Custom Indicators | Supported via MT4/MT5 |
| 🧠Market Sentiment Analysis | Yes, integrated into platforms |
| 📩Trading Signals | Yes, via partnerships with Trading Central |
| 🏷️Advanced Order Types | Yes, including stop orders and limit orders |
| ⚠️Risk Management Tools | Yes, includes guaranteed stop-loss and negative balance protection |
| 📅Economic Calendar | Yes, provided within the platform |
| 📰Market News Feed | Yes, updated in real-time |
| Customer Support | |
| 📞Support Channels | Live Chat, Email, Phone, FAQ/Help Center |
| 🗨️Live Chat Availability | 24/5 |
| 📧Email Support | Available |
| 📱Phone Support | Available |
| 🌍Multilingual Support | Yes, supports multiple languages |
| ❓Help Center/FAQ | Comprehensive Help Center and FAQs |
| 👨💼Dedicated Account Manager | Available for premium accounts |
| ⏲️Response Time (Live Chat) | Within a few minutes |
| 🕒Response Time (Email) | 24-48 hours |
| ⭐Support Rating | High-rated for responsiveness and efficiency |
| Educational Resources and Support | |
| 🎥Webinars | Regular webinars on various trading topics |
| 🏫Seminars | Available in selected locations |
| 📖Trading Tutorials | Comprehensive beginner and advanced tutorials |
| 📊Market Analysis Reports | Daily and weekly market analysis reports |
| 📚E-Books | Various e-books covering different aspects of trading |
| 🎬Video Library | Extensive library with video tutorials |
| 📜Glossary | Detailed glossary of trading terms |
| ❔FAQs | Frequently Asked Questions section covering general and account-related inquiries |
| 🆕Beginner Guides | Step-by-step beginner guides to help new traders |
| 🚀Advanced Trading Strategies | In-depth strategies for experienced traders to enhance trading skills |
| Partnerships and Programs | |
| 📋IB Program | Yes |
| 🪪Affiliate program? | Commission-based program for affiliates promoting AvaTrade |
| 🏷️White Label Solutions | Customized solutions for financial institutions and brokers to offer AvaTrade's services under their brand |
| 🎁Partnership Rewards | Rewards and bonuses for partners based on performance and business growth |
| 🏛️Institutional Solutions | Tailored solutions for financial institutions, including liquidity services |
| 🔌API Partnership | AvaTrade offers API access for integrating their trading services into third-party platforms |
| 🤝Referral Program | Incentives for clients who refer new traders to AvaTrade |
| Fees & Charges | |
| 💳Deposit Fees | No deposit fees for most methods |
| 📤Withdrawal Fees | No withdrawal fees for most methods |
| 💤Inactivity Fee | Inactivity fee of $50/month after 3 months of no trading activity |
| 🌜Overnight Fees (Swaps) | Charges/credits depend on the position, asset class, and market conditions |
| 💱Conversion Fees | Conversion fees apply when depositing or withdrawing in a different currency than the account's base currency |
| 💰Commission on Trades | No commission for standard accounts, but commissions may apply for certain account types like ECN accounts |
| Market Research Tools | AvaTrade offers an economic calendar with key financial events and news updates. |
| 📅Economic Calendar | AvaTrade offers an economic calendar with key financial events and news updates. |
| 📰Market News | AvaTrade provides real-time market news from leading financial sources. |
| 📩Trading Signals | AvaTrade offers trading signals through third-party providers and on its platform. |
| 🔧Technical Analysis Tools | AvaTrade includes charting tools, technical indicators, and analysis features. |
| 💭Sentiment Analysis | AvaTrade provides sentiment indicators, showing the market mood and trends. |
| Additional Features | |
| 👥PAMM/MAM Accounts | AvaTrade offers PAMM (Percentage Allocation Management Module) and MAM (Multi-Account Manager) accounts for fund managers and clients. |
| 🔗Social Trading Platform | AvaTrade provides a social trading platform allowing users to follow and copy trades of others. |
| 🏆Trading Competitions | AvaTrade hosts periodic trading competitions with cash prizes and other rewards. |
| 🎁Loyalty Rewards | AvaTrade has a loyalty program offering benefits such as bonuses and other perks for active traders. |
| 👑Exclusive VIP Perks | AvaTrade offers VIP clients exclusive services like personalized account management and special offers. |
| Promotions & Bonuses | |
| 🎁Welcome Bonus | AvaTrade offers a welcome bonus to new clients upon opening and funding their accounts. |
| 💵Deposit Bonus | AvaTrade may offer deposit bonuses, providing additional trading funds on qualifying deposits. |
| 🏅Trading Contests | AvaTrade organizes trading contests, where participants can win prizes based on their trading performance. |
| 🌟Seasonal Promotions | AvaTrade runs seasonal promotions throughout the year, offering special deals and bonuses. |
| 🎖️Loyalty Programs | AvaTrade offers loyalty programs that reward clients for their continued trading activity with perks and bonuses. |
| User Experience & Reviews | |
| 🖥️User Interface Quality | AvaTrade’s platform offers a clean and intuitive interface, designed for both beginner and experienced traders. |
| 🔒Platform Stability | AvaTrade’s platform is known for its stability, with minimal downtime and robust performance under various market conditions. |
| 📱Mobile App Reviews | The mobile app receives positive reviews for its ease of use, offering a wide range of features similar to the desktop platform. |
| ⭐Overall User Rating | AvaTrade generally holds a solid rating from users, with many praising its comprehensive offerings and user-friendly interface. |
| 🌟Trustpilot Rating | AvaTrade maintains a strong Trustpilot rating, with many clients expressing satisfaction with their services. |
| 😟Common Complaints | Common complaints include slow customer support response times and occasional withdrawal issues. |
| Mobile | |
| 📱Mobile App Name | AvaTradeGO |
| 🛠️Developer | AvaTrade Ltd. |
| 📅Release Year | 2019 |
| 💻OS Compatibility | iOS, Android |
| 🌐Languages Supported | English, French, Spanish, Italian, Arabic, Portuguese, and others |
| 📈Trading Instruments | Forex, CFDs, Commodities, Stocks, Indices, Cryptocurrencies |
| 🔄Real-Time Data | Yes, with live market data and updates |
| 🛠️Charting Tools | Advanced charting tools with technical analysis indicators |
| 📊Order Types Supported | Market Orders, Limit Orders, Stop Orders, OCO, Trailing Stop |
| 🚀Order Execution Speed | Fast, near-instant execution on mobile |
| 🔔Custom Alerts | Yes, users can set price alerts and notifications |
| 🤝Beginner-Friendly | Yes, the app is designed with simplicity and ease of use |
| 🔐Security Features | Two-factor authentication (2FA), encryption |
| 🖥️Synchronization | Syncs across all devices (mobile and desktop) |
| 💰Deposit and Withdrawal | Yes, mobile deposits and withdrawals are supported |
| 📝Account Types Accessible | All account types available, including demo accounts |
| 🔄Switch Accounts | Yes, users can switch between accounts easily |
| 💬In-App Support | Live chat support available within the app |
| 📚Educational Resources | Access to tutorials, webinars, and market analysis |
| 🎯Watchlist | Yes, users can create and manage a personalized watchlist |
| 🌙Dark Mode | Yes, the app supports dark mode for better visibility |
| 🌐Social Trading | Yes, users can engage in social trading within the app |
| AI Trading Resources | |
| 🤖AI Integration | AvaTrade offers AI-powered trading tools, integrated into the platform |
| 📊Data Analysis | Yes, AI-driven data analysis for enhanced decision-making |
| 📈Predictive Analytics | Yes, predictive tools are available to anticipate market trends |
| 🛠️Customizable Strategies | Yes, users can customize their trading strategies using AI tools |
| 📉Risk Management Tools | Advanced AI tools to assess and manage trading risks |
| 🧑🏫Trading Insights | AI-based insights and recommendations for optimal trades |
| 🚀Execution Optimization | AI-driven algorithms that optimize order execution speed |
| 🔄Portfolio Rebalancing | Yes, AI can assist in portfolio rebalancing based on market changes |
| 📚AI Tutorials | Available educational resources on how to use AI tools in trading |
| 🎥Video Demonstrations | Yes, video tutorials explaining how to use AI features |
| 🧑🤝🧑Webinars | Yes, webinars are available to discuss AI trading strategies |
| 🔍AI-Powered Search | Yes, search tools are enhanced with AI to provide more accurate results |
| 🌟Beginner-Friendly | Yes, AI tools are designed to be accessible for beginners |
| 🖥️Platform Availability | Available on both desktop and mobile platforms |
| 📈Backtesting Capability | Yes, users can backtest strategies using historical data |
| 🛠️Strategy Builder | Yes, users can build and customize their own AI-driven strategies |
| 🔔Alerts and Notifications | Yes, AI-powered alerts for market events and strategy changes |
| 🔒Data Protection | Strong encryption and data protection measures in place |
| 👁Transparency | Full transparency on how AI algorithms work and make decisions |
| Social Media Platformst | |
| AvaTrade is active on Facebook, providing updates, news, and promotions. |
|
| AvaTrade uses Instagram to share educational content, market analysis, and trading tips. |
|
| AvaTrade regularly tweets market insights, promotions, and company news. | |
| AvaTrade maintains a professional LinkedIn presence, sharing company updates and industry news. | |
| 🎥YouTube | AvaTrade's YouTube channel features tutorials, webinars, market updates, and promotional content. |
| 👉Open Account | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Easy and Fast account opening | Only CFDs, Forex, and Crypto offered |
| Free deposit and withdrawal options | Poor phone support |
| No withdrawals fees | Inactivity fee |
Our Findings
AvaTrade is regulated by the CBI and offers affordable prices, a large assortment of platforms and tools, over 840 instruments, CFDs, and vanilla options.
2. Plus500
Plus500 is a regulated Israel-based CFD provider with a global presence. Established in 2008, it has grown extremely popular for its beginner-friendly trading environment and secure trade offering.
Plus500 is licensed in several jurisdictions, including by the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
Min Deposit
USD 100
Regulators
CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA
Trading Platform
WebTrader
Crypto
Yes (Availability subject to regulations)
Total Pairs
70+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Plus500 offers a variety of trading platforms that are compatible with desktop and mobile. Traders can access a remarkable 2000 instruments using CFDs.
The broker has won numerous awards over its operational history, the most recent of which include one of the best overall providers and one of the best trading apps.
Features
| 🔎Broker | Plus500 |
| Company Information | |
| 📅Year Founded | 2008 |
| 🧑🏻💻Amount of staff | 569 |
| 👩💻Amount of active traders | 280,769 active users |
| 🌐Publicly Traded (Listed Company) | Yes, on the London Stock Exchange's Main Market |
| Regulation and Security | |
| 🛡️Regulation | FCA, ASIC, CySEC, MAS, FSCA |
| 🌎Country of regulation | UK, Cyprus, Australia, New Zealand, Singapore, South Africa, Israel, Seychelles, Estonia, United Arab Emirates, Japan |
| 💻Account Segregation | Yes, client funds are held in segregated bank accounts |
| 🪫Negative balance protection | Yes, in some jurisdictions |
| 🔋Investor Protection Schemes | £85k to UK, €20k to EU clients, and $0 to other clients |
| Account Types and Features | |
| ➕Accounts | Retail Account |
| 💳Institutional Accounts | No |
| 👨💼Managed Accounts | No |
| 📇Minor account currencies | EUR/JPY, AUD/JPY, and GBP/EUR |
| 💰Minimum Deposit | $100 / R1806 |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 business days |
| 🪙Fund Withdrawal Fee | $0 |
| 📊Spreads from | 0.8 pips |
| 💸Commissions | No commission is charged |
| 💱Number of base currencies supported | 48 |
| 🚀Swap Fees | Yes, Charged on leveraged overnight positions |
| 📈Leverage | 1:30 |
| 📏Margin requirements | Yes |
| ☪️Islamic account (swap-free) | No |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically fast (seconds) |
| 📆VPS Hosting | Not offered |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 2800 financial instruments, including Shares, Forex, Indices, Commodities, ETFs and Options. |
| 🗠CFD Stock Indices | Yes, including FTSE 100 |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Bank wires, credit/debit cards, Skrill, Neteller, and Paypal. |
| 💵Withdrawal Options | Bank wires, credit/debit cards, Skrill, Neteller, and Paypal. |
| Trading Platforms and Tools | |
| 💻Trading Platforms | User-friendly web and mobile platforms |
| 👩💻OS Compatibility | Windows, Mac, Web-based |
| 🖥️Forex trading tools | Cryptocurrencies, Forex, indices, commodities, shares, options, ETFs |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/7 |
| 📱Customer Support Online Whatsapp | Yes 24/7 |
| 📞Customer Support Contact Number | +65 6320 1111 and +65 6320 1119. |
| 👾Social media Platforms | Yes (Facebook, Twitter, etc.) |
| 🗣️Languages supported on Plus500 Website | 32 Languages |
| Educational Resources and Support | |
| 🖺Forex course | Not offered |
| 🧏♀️Webinars | Free Trading Webinars & Market Analyses |
| 📚Educational Resources | Free trading e-book, How to Videos etc. |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 40 000+ |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | BSC Young Boys Super League, Italian Serie A club Atalanta and Polish Ekstraklasa team Legia Warsaw. |
| 🪙Rebate program | Yes |
| South African Trader Specific Information | |
| Does Plus500 Accept South African Traders? | Yes, offer full-trading package to South African traders. |
| Is Plus500 regulated by the South African regulatory body (FSCA)? | Yes, it is regulated and licensed by the FSCA. |
| Do Plus500 offer an Affiliate Program for South African Traders? | Yes, It offers an Affiliate program for most regions. |
| Do Plus500 allow opening trading accounts in ZAR? | The company supports having a base account currency in ZAR. |
| 👉Open Account | Open Account (CFD Service. Your capital is at risk) |
Pros and Cons
| ✅ Plus500 Pros | ❌ Plus500 Cons |
| Plus500 is well-regulated and has a high trust score | There is an inactivity fee charged on dormant accounts after a few months of inactivity |
| There is multilingual customer service offered 24/7 across communication channels | Guaranteed stops come at an additional charge |
| All client funds are held in segregated accounts | Plus500 restricts retail traders in certain regions |
| There is a wide range of markets to choose from | Restricted maximum leverage |
| The trading costs are low and can suit any financial restrictions that traders may have, especially novice traders | Trading strategies such as expert advisors, automated trading, hedging, scalping, and others, are prohibited |
| No commissions and tight spreads | There is no desktop platform offered |
| There are no deposit fees charged | |
| The proprietary platform is robust |
Our Findings
Plus500 has Fast order execution speeds. Multiple Tier-1 regulations. Offers CFDs, options, and investing opportunities. Excellent proprietary platform
3. Eightcap
In Europe, Eightcap is regarded highly by traders as a trusted forex broker that allows access to competitive pricing and platforms such as MetaTrader 4 or 5 with an advanced trading style.
The company caters to retail and professional traders who seek cheap options in this sector. Its narrow spreads on the main currency pairs begin at 0.0 pips.
Min Deposit
USD 100
Regulators
ASIC, FCA, CySec and SCB
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
55
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
The company is controlled by leading authorities such as the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA).
Features
| Company Information | |
| 📅Year Founded | 2009 |
| 🧑🏻💻Amount of staff | 100+ |
| 👩💻Amount of active traders | 40,000+ |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | ASIC, FCA, SCB, CySec |
| 🌎Country of regulation | Australia, UK, The Bahamas, Cyprus, England and Wales |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes, in line with regulatory frameworks |
| Account Types and Features | |
| ➕Accounts | Standard Account, Retail Islamic account, Professional account |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | No |
| 📇Minor account currencies | AUD, USD, EUR, GBP, NZD, CAD, SGD |
| 💰Minimum Deposit | $100 / R1806 |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-2 business days |
| 🪙Fund Withdrawal Fee | None |
| 📊Spreads from | 0.0 pips |
| 💸Commissions | $3.50 per lot |
| 💱Number of base currencies supported | 6 |
| 🚀Swap Fees | Yes |
| 📈Leverage | Up to 1:500 |
| 📏Margin requirements | Based on instrument and account type |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes, unlimited |
| ⌛Order Execution Time | Less than 0.1 seconds |
| 📆VPS Hosting | Yes, free VPS for eligible clients |
| Trading Instruments | |
| 🧾CFDs-Total Offered | 250+ |
| 🗠CFD Stock Indices | 10+ |
| ⚖️CFD Commodities | 5 |
| 📜CFD Shares | 100+ |
| Deposits and Withdrawals | |
| 💳Deposit Options | Visa, POLI, Bank Wire, BPAY, China UnionPay, Skrill, Neteller, Cryptocurrency, PayPal, WorldPay, FasaPay, PSP, PayRetailers |
| 💵Withdrawal Options | Visa, POLI, Bank Wire, BPAY, China UnionPay, Skrill, Neteller, Cryptocurrency, PayPal, WorldPay, FasaPay, PSP, PayRetailers |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4, MetaTrader 5 |
| 👩💻OS Compatibility | Windows, macOS, Android, iOS |
| 🖥️Forex trading tools | Autochartist, trading signals, VPS, economic calendar |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/5 |
| 📱Customer Support email address | global@eightcap.com |
| 📞Customer Support Contact Number | +61 3 8592 2375 |
| 👾Social media Platforms | Facebook, LinkedIn, |
| 🗣️Languages supported on Website | English, Chinese, Spanish, Portuguese, Thai |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes, regularly held |
| 📚Educational Resources | Blog, tutorials, trading guides |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Not specified |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes |
| 👉Open Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low Forex Fees | Slim Product Selection |
| Quick Account Application | Limited Research |
| Free Deposit and Withdrawal | Lack of Investor Protections |
Our Findings
Eightcap is Tightly regulated, has strong educational content, and offers a platform with an easy learning curve. It also offers commission-free trading and a choice of tradable instruments.
4. FxPro
FxPro is a globally located Forex broker that offers traders a wide range of asset classes, including forex, stocks, futures, metals, energies, CFDs, and market indices.
FxPro is regulated by the Financial Conduct Authority (FCA) and provides tight spreads alongside competitive commissions with no hidden trading fees.
Min Deposit
USD 100
Regulators
FCA, CySEC, FSCA, SCB
Trading Platform
MT4, MT5
Crypto
No
Total Pairs
70
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Traders will have access to both MT4 and MT5 and the FxPro cTrader platform, which is particularly popular for its rapid execution speeds.
FxPro differentiates itself through its STP model, which requires no dealer intervention to afford the best pricing model available on the market.
Features
| Company Information | |
| Company Name | FxPro |
| 🏢 Company Information | FxPro Group Limited |
| 📅 Year Founded | 2006 |
| 👩💼👨💼 Current CEO | Charalambos Psimolophitis |
| 👩💼👨💼 Founder/s | Denis Sukhotin |
| 👥 Amount of staff | Over 200 employees |
| 👨💻 Amount of active traders | Over 1.8 million |
| 📈 Publicly Traded (Listed Company) | No |
| 🇬🇧 Regulation and Security | Strong regulatory oversight |
| 🇬🇧 Regulation | FCA, CySEC, FSCA |
| 🇬🇧 Country of regulation | UK, Cyprus, South Africa |
| 💼 Account Segregation | Yes, funds are segregated |
| 🚫 Negative balance protection | Yes |
| 🔐 Two-step Authentication | Available |
| 🛡️ Investor Protection Schemes | Yes, under regulatory authorities |
| 📋 Account Types and Features | Standard, MT4, MT5, and cTrader accounts |
| 🏦 Institutional Accounts | Yes |
| 📊 Managed Accounts | No |
| 💱 Minor account currencies | USD, EUR, GBP, ZAR |
| 💰 Minimum Deposit | $100 / 1700 ZAR |
| 📊 Trading Conditions | Competitive spreads, fast execution |
| ⏳ Average deposit/withdrawal processing time | 1-2 business days |
| 💵 Fund Withdrawal Fee | No fees on most methods |
| 📉 Spreads from | 0.0 pips |
| 💸 Commissions | On cTrader accounts (from $4.5) |
| 🌍 Number of base currencies supported | 7 |
| 📈 Swap Fees | Yes, applicable on overnight trades |
| 📈 Leverage | Up to 1:500 |
| 📊 Margin requirements | 2% |
| 🌙 Islamic account (swap-free) | Yes |
| 🎓 Demo Account | Yes, unlimited |
| ⏱️ Order Execution Time | < 11ms |
| ☁️ VPS Hosting | Available for high-frequency traders |
| 🌍 Global Offices | UK, Cyprus, Bahamas, Dubai |
| 👆 One-Click Trading | Yes |
| 🤖 Expert Advisors | Supported on MT4/MT5 |
| 📊 Trading Instruments | Forex, Stocks, Indices, Metals, Energy |
| 📊 CFDs-Total Offered | Over 2000 instruments |
| 📈 CFD Stock Indices | Yes, major global indices |
| 🛢️ CFD Commodities | Yes, energy and metals |
| 📉 CFD Shares | Yes, large selection |
| 👀 Watch list | Customizable |
| 🔔 Trade Alerts | Yes |
| 📈 Trading Stocks with GP | Yes |
| 📊 Trading Indices with GP | Yes |
| 🛠️ Swap on trading board | Yes |
| 💳 Deposits and Withdrawals | Credit/Debit cards, Bank Wire, PayPal, Skrill, Neteller |
| 💳 Deposit Options | Multiple methods supported |
| 💸 Withdrawal Options | Same as deposit methods |
| 🎁 Welcome Bonus | No |
| 💻 Trading Platforms and Tools | MT4, MT5, cTrader, FxPro Edge |
| 🚦 Stop-loss Instrument | Yes |
| 🛡️ Investor Protection Schemes | Yes, under regulatory bodies |
| 🖥️ OS Compatibility | Windows, macOS, iOS, Android |
| 🔧 Forex trading tools | Yes, extensive |
| 💬 Customer Support | 24/5 support available |
| 💬 Live chat availability | Yes, 24/5 |
| 📧 Customer Support Email address | support@fxpro.com |
| 📞 Customer Support Contact Number | +44 (0) 203 151 5550 |
| 🌐 Languages supported on FxPro Website | 18 languages |
| 📚 Educational Resources and Support | Webinars, articles, video tutorials |
| 👍 Beginners Trader friendly UX | Yes |
| 📚 Forex course | Yes, basic to advanced |
| 🖥️ Webinars | Yes |
| 📖 Educational Resources | Yes, rich library |
| 🤝 Partnerships and Programs | Yes |
| 🤝 Affiliate program? | Yes |
| 🤝 Amount of partners | 10,000+ |
| 📈 IB Program | Yes |
| ⚽ Do they sponsor any notable events or teams? | Yes, McLaren F1 team |
| 💰 Rebate program | Yes, for IBs |
| 🗨️ Community Forum | No |
| 📱 Social Media Platforms | Facebook, Twitter, Instagram, YouTube, |
| 🌐 Official Website address | FxPro |
| 📘 Official Facebook Page | FxPro |
| 🐦 Official Twitter Page | FxPro |
| 📺 Official YouTube Channel | FxPro |
| 🔗 Official Linkedin Page | FxPro |
| 📸 Official Instagram Page | FxProGlobal |
| 🇿🇦 Regulatory Status in South Africa | FSCA regulated |
| 🇿🇦 Accept South Africa Traders? | Yes |
| 🏛️ Is FxPro regulated by the South Africa regulatory body (FSCA)? | Yes |
| 🤝 Does FxPro offer an Affiliate Program for South African Traders? | Yes |
| 💱 Does FxPro allow accounts to be opened in ZAR / Rands? | Yes |
| 🚀 Open Account | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| High Regulatory Standards | High Minimum Deposit for Some Accounts |
| Wide Range of Trading Instruments | Swap Fees |
| Competitive Spreads | Customer Support Variability |
| Advanced Trading Platforms | Fees for Inactive Accounts |
| High Leverage | Limited Customer Support Channels |
| Islamic Accounts Available | Complex Fee Structure |
| Educational Resources | Geographical Restrictions |
Our Findings
FxPro is Regulated by FCA and CySEC. Proprietary platforms include FxPro Edge, MetaTrader 4/5, and cTrader. 2100+ instruments. NDD execution under 14ms for some trades. Offers VPS.
5. FP Markets
FP Markets offers the MetaTrader 4 and MetaTrader 5 platforms and the Iress Trader, which is popular for its Direct Market Access execution system.
Traders with FP Markets can access a comprehensive range of asset classes, including over 60 currency pairs, over 10,000 shares, 12 global indices, and commodity CFDs such as Brent crude oil, gold, and silver.
Min Deposit
USD 100
Regulators
ASIC, CySEC, FSCA, CMA
Trading Platform
MT4, MT5, Iress Trader, cTrader
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FP Markets is regulated in several jurisdictions, including by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the UK Financial Conduct Authority (FCA).
FP Markets is one of the Best Forex brokers in Europe.
Features
| Company Information | |
| 📅Year Founded | 2005 |
| 🧑🏻💻Amount of staff | 274 |
| 👩💻Amount of active traders | Over 200,000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | ASIC, CySEC, FSCA, FSA, FSC, CMA |
| 🌎Country of regulation | Australia, Cyprus |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Standard, Raw ECN, and VIP accounts available |
| 💳Institutional Accounts | Yes, tailored solutions for institutional clients |
| 👨💼Managed Accounts | Yes, offered through third-party managed account services |
| 📇Minor account currencies | USD, EUR, GBP, AUD, JPY, and others |
| 💰Minimum Deposit | $100 / R1806 |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Deposits are typically processed instantly; withdrawals usually within 1-2 business days |
| 🪙Fund Withdrawal Fee | Generally no fees for withdrawals; may vary based on method |
| 📊Spreads from | Spreads start from 0.0 pips on Raw ECN accounts |
| 💸Commissions | From $3.5 per side per lot on Raw ECN accounts |
| 💱Number of base currencies supported | Over 10 base currencies including USD, EUR, GBP, AUD, JPY, and others |
| 🚀Swap Fees | Swap fees apply; may vary depending on the position and account type |
| 📈Leverage | Up to 1:500 depending on the account type and instrument |
| 📏Margin requirements | typically 0.2% - 1% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically 40-50 milliseconds on Raw ECN accounts |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 1,000 CFDs across various asset classes |
| 🗠CFD Stock Indices | Yes,Major global indices including S&P 500, NASDAQ, FTSE 100, DAX, and more |
| ⚖️CFD Commodities | Yes, Includes commodities such as Gold, Silver, Oil, Natural Gas, and more |
| 📜CFD Shares | Yes, A wide range of global stocks from major markets including US, UK, EU, and Asia |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit Cards, Bank Transfers, PayPal, Skrill, Neteller, and other e-wallets |
| 💵Withdrawal Options | Bank Transfers, Credit/Debit Cards, PayPal, Skrill, Neteller, and other e-wallets |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS, cTrader, WebTrader and TradingView |
| 👩💻OS Compatibility | Windows, Mac (via emulation), Android, iOS |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes, available 24/7 |
| 📱Customer Support email address | support@fpmarkets.com |
| 📞Customer Support Contact Number | +61 2 8252 6800 (Australia) or +44 20 8068 0760 (UK) |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | English, Chinese, Arabic, and other major languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Over 100,000 affiliates |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes |
| 👉Open Account | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| South Africans can expect commission-free trading on the standard account | FP Markets’ demo account expires if it is not frequently used |
| FP Markets offers powerful trading platforms | The functionality on mobile trading apps might not be as rich as that on desktop apps or web-based platforms |
| Faster Execution (Potential) | Risk of Slippage |
| Platform Options | Discouragement for Beginners |
Our Findings
CySEC regulates FP Markets. Spreads and commissions below the industry average. A broad range of tradable instruments. Free Virtual Private Server (VPS).
Conclusion
Best Forex brokers in EuropeEurope has been the center of trade and currency speculation for many centuries, and in recent years, this economic activity has become extremely popular in the Forex market.
Many currency traders and investors have joined the Forex trading rush to profit from the numerous opportunities arising from the ever-fluctuating currency prices between the world’s many different national economies.
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Frequently Asked Questions
What is a Forex trading broker?
A Forex broker provides Forex traders with access to the Forex currency markets as well as other investment markets, such as those about commodities, indices, and shares.
Forex brokers will provide their services in return for a fee typically charged as a spread or as commissions.
How do I choose a Forex trading broker?
Certain criteria can help a trader determine whether a broker is a desirable choice. Firstly, a broker should always be well-regulated by a reputable organization, such as the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC).
Secondly, the broker should offer competitive trading conditions in terms of pricing and trading features, including trading platforms and analytical tools.
Thirdly, a broker should provide responsive and professional customer support, allowing traders to resolve their issues or queries quickly in the fast-paced world of Forex trading.
Why is regulation necessary in Forex trading?
Regulation will provide traders with certain client protection measures to safeguard them against unnecessary losses – especially since Forex trading can already be risky.
Reputable regulatory agencies will require brokers to conduct regular transparent audits and store client deposits in segregated accounts with top-tier banks to protect them from financial mismanagement.
Additionally, most reputable regulatory agencies ensure brokers participate in a client compensation scheme that will financially protect traders in case of insolvency.
Finally, sound regulation will allow traders sufficient recourse to resolve disputes with their broker and provide a generally secure trading environment.
How do I know a broker is offering competitive pricing?
Competitive pricing will entail commissions that are not too high and generally tight spreads.
Examples of competitive pricing include spreads that start at 0 pips and commissions that do not exceed $2 per round turn. The broker should also not have any hidden trading fees but remain transparent in all pricing.
That said, brokers with slightly higher pricing in terms of their spreads and commissions may offer some trading features that make it worthwhile for the trader’s goals so it is ultimately up to the trader’s discretion.
How can I tell if a broker offers a good selection of trading features?
Trading features will include trading platforms, research tools, and educational resources. Ideally, a good broker will offer all three.
There are many trading platforms on the Forex market, but a good platform will have fast execution, several inbuilt charting and analytical features, and compatibility with a wide range of interfaces.
Research tools will include an economic calendar and daily news feed, and educational resources will consist of webinars and beginner training videos.
How much money should I invest in a broker?
This will depend on your trading strategy and goals. However, traders should avoid brokers that ask for an extremely high minimum deposit unless the account is a professional account that warrants higher investments.
Which are the best Forex brokers in Europe?
See our comprehensive list of the best Forex brokers in Europe directly on the SA Shares website.
Can I trade forex in Europe?
Yes, trading with derivative instruments (forex, CFDs, options, etc.) is legal and highly regulated in Europe.
Does MetaTrader work in Europe?
Pepperstone is a godsend for European traders who use MetaTrader4, MetaTrader5, cTrader, or TradingView.
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