Best Forex Brokers in Europe

Choosing the best forex broker to trade with is a difficult task. Many companies in the market fail to deliver on what they promise. It is no different in Europe, which is often regarded as one of the most active regions in the forex space. This review will be looking at the Best Forex Brokers in Europe. Our criteria will focus on five key features for making selections. These include:

• Regulation status in Europe
• Availability of Assets.
• Spreads and other fees.
• Trading platforms.

And now, here is our

List of one the Best Forex Brokers in Europe

Pepperstone

Pepperstone is a forex and CFD broker offering access to over 1,200 CFDs. Traders can trade here instruments from the forex, shares, indices, ETFs, commodities, cryptocurrency and currency indices markets. A wide variety of trading instruments is a hallmark of top forex brokers in the market.

We will now look at the regulation status of Pepperstone. The company has regulations from four top-tier regulators, three of which are based in Europe. The company is regulated by the FCA in the UK, the CySEC in Cyprus, the BaFin in Germany and the ASIC in Australia. The combination of these licenses makes Pepperstone one of the brokers with the strongest regulatory frameworks in the industry.

Pepperstone also provides competitive spreads to traders. The spreads on this broker's standard account start from 1.0 to 1.1 pips on all major currency pairs, with no commission fees. Average spreads are generally close to these minimum levels, offering competitive trading costs. The broker also features raw spreads on its razor account which has spreads as low as 0.0 pips and low commissions charged depending on the trading platform a trader uses.

Pepperstone offers a number of different account base currencies, including USD, GBP, and EUR, to cater to its European clients. The trading platforms available to traders on Pepperstone include MT4, MT5, TradingView and cTrader. These are all excellent trading platforms with high functionalities. Pepperstone boasts one of the fastest execution times in the industry, with most orders for its European entity, Pepperstone Limited, executed within 60 milliseconds—placing it among the market's fastest.

73.7% of retail CFD accounts lose money

XTB

XTB is also regarded as one of the best forex/CFD brokers in Europe. XTB has regulations from three European regulators. These include the FCA in the UK, CySEC in Cyprus and KNF in Poland. XTB provides clients with its in-house-built trading platform, xStation. This platform is powerful, customizable and executes trades fast. The platform won the Best Trading Platform of 2016 award from the Online Personal Wealth Awards. The platform is intuitive and suitable for all levels of traders.

The markets available on XTB include forex, stocks, ETFs alongside with CFDs on indices, commodities, and cryptocurrencies. A variety of available assets on a platform is always a good thing. Investors can spread their risk across various markets. The spreads offered by XTB are particularly competitive and they start from 0.8 pips on major currency pairs. 

69-80% of retail investor accounts lose money when trading CFDs with this provider.

XM.com

XM meets our standards for being considered one of the top forex brokers in Europe. The company is regulated by several reputable regulators including CySEC in Cyprus, DFSA in Dubai and the FSC in Belize. These regulatory bodies help ensure that XM adheres to legal standards and operates transparently, offering added assurance to traders about the company’s integrity and reliability. Interestingly, XM is one of the largest brokers in the market, with over 15 million registered accounts.

The trading platforms on XM.com are some of the best retail forex platforms in the market. The company provides both MetaTrader 4 and MetaTrader 5 to its clients. These are powerful platforms with fast execution times. Clients can also perform technical analysis on these platforms. Additionally, all clients types of clients are catered for. These platforms are available on PC, macOS, iOS and Android.

The spreads on XM are competitive and in line with industry standards. In Europe, XM offers two main account types: the XM Ultra Low Account and the XM Zero Account. The key difference between them lies in their spreads and commission structure. The Ultra Low Account has no commission fees, with spreads starting from 0.8 pips. The Zero Account, on the other hand, offers spreads from 0.0 pips but includes a small commission charge.

In Europe, the broker offers two account base currencies: EUR and USD. On XM, clients can trade more than 1,400 CFD instruments across various markets, including forex, stocks, indices, shares, commodities, precious metals, and energies.

74.3% of retail investor accounts lose money when trading CFDs with this provider.

IG

IG is another leading forex and CFD broker with a strong presence in Europe. The company is regulated by the FCA in the UK and the BaFin in Germany. IG Markets is also under regulation by CFTC and NFA in the US. These are all top-tier regulators showing that IG Markets is legitimate.

IG Markets offers the MetaTrader 4 platform alongside its proprietary IG trading platform. These are both powerful and intuitive platforms for all levels of traders. IG Markets also provides access to advanced tools like ProRealTime and L2Dealer for clients who prefer them.

The trading spreads on IG Markets are competitively low starting from 0.6 pips. However, other charges apply when trading with IG Markets. These include Share CFD commissions, Forex conversion fees, overnight fees and inactivity fees. Luckily, IG Markets allows traders to access instruments from various markets. These include CFDs on forex, indices, shares, commodities, cryptocurrency and bonds markets. This variety of trading instruments places IG Markets among the best forex brokers in Europe.

70-74% of retail investor accounts lose money when trading CFDs with this provider.

Forex.com

Forex.com is yet another Forex and CFD broker with a reputable track record. The company launched in 2001 and has the trust of millions of traders. The company is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the CFTC. The company is also a member of the National Futures Association (NFA) since 2004. On top of that, the company is regulated by the CIMA, by the FFAJ and in Europe by the CySEC (Cyprus) and by the FCA (The UK).

Forex.com offers traders access to the MetaTrader 5 platform, a powerful tool known for its fast execution times. The platform is available on PC, macOS, iOS, and Android promising a seamless experience across all devices, catering to the needs of diverse traders. Additionally, Forex.com is one of the TradingView integrated brokers that allows you to use this powerful charting tool when trading with the company.

Spreads recorded on Forex.com on the standard account usually range from 0.9 pips to 2.3 pips for major currency pairs (with no commissions paid). However, the spreads are variable depending on market conditions. The broker also has one account with raw spreads called the raw spread account on which the spreads can go as low as 0.1 pips with a $5 commission per $100.000 notional traded.

The main market available to clients on forex.com is the forex market. Traders can trade over 80 currency pairs on this platform. However, clients also have access to CFDs on other assets such as stocks, cryptos, indices and commodities.

75% of retail investor accounts lose money when trading CFDs with this provider.

AvaTrade

AvaTrade is a Forex and CFD broker with regulations across 5 different continents. In Europe, the company is regulated by the CySEC in Cyprus and by the Central Bank of Ireland in Ireland. However, AvaTrade has regulations from other reputable regulators including ASIC, FSCA and IIROC. This shows that Avatrade is a legitimate company that follows the rule of law.

In terms of trading platforms, AvaTrade does not disappoint. The company provides traders with several powerful and modern solutions. Clients can use the AvaTrade WebTrader online without the need to download any software. They can also use MetaTrader 4 and MetaTrader 5 to execute trades. MT4 and MT5 are available for PC, Tablet and mobile customers. On top of that, AvaTrade provides two more software platforms for copy trading. These platforms are the ZuluTrade and DupliTrade platforms.

The variety of instruments available on AvaTrade is impressive. Traders have access to over 700 trading instruments spread across 6 markets. These include CFDs on forex, indices, commodities, stocks, FXOptions and cryptocurrencies. This way, traders can spread their investments across a number of markets. The spreads on AvaTrade are competitive. They range from 0.9 pips to 2.0 pips for major currency pairs. Therefore, traders do not have to pay exorbitant fees to trade.

Conclusion

All these forex brokers met our criteria to deserve the title of the best forex brokers in Europe. They all have regulations from reputable organizations that oversee broker operations. Therefore, clients can have some peace of mind when trading. Additionally, these brokers provide some of the best trading platforms and a variety of trading instruments. Further, these companies charge fairly low and competitive fees to traders.