If you are looking for the best forex broker in Europe, you have come to the right place. We have reviewed many different brokers and narrowed down our list to a few that we think are worth your attention.
In this article, we will cover:
- The top five European Forex Brokers
- Requirements for selecting a European Forex Broker
Benefits of Choosing a European Broker
There are several benefits of choosing a European broker for your forex trading. The most obvious benefit is that it allows you to trade in euros, which makes things easier and more comfortable than using a USD or GBP account. You don’t have to worry about converting currencies or being charged additional fees when you do so.
Another benefit of working with a European broker is that they generally offer access to more markets than their US-based counterparts do. This means that if you want to trade stocks, commodities and other financial products alongside foreign currencies, then it could be easier to find what you need with a European broker than with one based elsewhere in the world.
How to Find the Right Forex Broker in Europe?
Finding the right forex broker can be a daunting task, but it doesn't have to be. Here are some of the most important things to look for:
- A regulated company in Europe: As mentioned above, any reputable broker should be regulated by a financial regulator body in your country or region. This ensures they will not scam you out of your money and that they adhere to certain standards when conducting business with clients and handling their funds.
- Good customer service record (preferably excellent): Customer service is just as important as any other factor when choosing an online financial institution, such as a forex broker or stock trading platform. You don't want to deal with an automated system 24/7, you want someone who knows what he or she is doing when it comes to answering questions about currency trading. This can make all the difference between making consistent profits from day one or losing everything in an instant because you had no idea what was going on with all those trades you placed earlier today.
What are the Best Forex Broker in Europe?
The best forex brokers in Europe are:
Capital.com is a forex broker based in the UK that offers trading on forex, CFDs, and cryptos. It's a subsidiary of the IG Group, one of Europe's leading financial services groups.
Capital.com is regulated by the Financial Conduct Authority (FCA) as an authorized electronic money institution under registration number 900847 (6 December 2016). The company was founded in 1999 and its headquarters are located at 4th Floor Hanover Square House, 26 Berkeley Square London W1J 6HD United Kingdom.
Pros of Capital.com
Capital.com is a regulated forex broker that can be trusted for your online trading experience. They offer a wide range of products, services, and assets to all types of traders on their platform, which includes CFDs, stocks and commodities. The capital.com platform also has a wide range of tools for you to use when analyzing the market or placing orders as well as providing real-time market information such as charts and quotes from different financial markets around the world like the London Stock Exchange (LSE) or New York Stock Exchange (NYSE).
The capital.com platform offers users an intuitive workspace that makes it easy to navigate through graphs while keeping track on your positions while still being able to access other tools easily with just one click away so no more having multiple windows opened at once! The software used by this broker is industry standard which means less maintenance cost compared with other providers out there who have proprietary software installed instead but that can cause bugs sometimes making things difficult especially if you are new in this field.
The team behind this brand also understands how important customer support service can be since most people don't know much about the derivatives market yet alone need help understanding them better so they're always willing to answer questions related to any query whether it's a technical issues related account creation process.
Want to trade CFD? We recommend the following 3 CFD Brokers.
Markets.com tops our list as the best forex broker in Europe. Its tight spreads and fast execution make it a great choice for those who want to trade the EUR/USD or other pairs without paying too much in fees.
While markets.com has many strengths, its trading platform may not be for everyone: some users have complained about its user interface being unintuitive or unresponsive at times.
But overall, this is an excellent option for those looking to trade currencies on margin or hold positions overnight with the peace of mind that comes from knowing you're dealing with one of Europe's most respected online brokers.
Pros of Markets.com
Markets.com is one of the best forex brokers in Europe, offering a wide range of products and trading platforms that make it easy for you to grow your business.
- Markets.com offers a wide range of trading products, including CFDs on stocks, indices and commodities. You can also trade forex pairs with leverage up to 1:400 using Contracts for Difference (CFDs).
- Markets.com provides access to single-click execution through their advanced trading platform which combines real-time data feeds with advanced charting tools. You can customize your workspace according to your preferences or use their default layouts if you prefer simplicity over complexity.
eToro is a social trading platform that allows you to copy other traders. This service can be great for beginners who want to learn the ropes of trading or those who want someone else to do the trading for them. With eToro, you'll be able to open an account with as little as $100 and then use it to trade the same assets that others are buying and selling in real time. The platform has been around since 2007, but only recently became available in America after receiving regulatory approval from FINRA and SEC (Financial Industry Regulatory Authority). The platform also received official licenses from CySEC (Cyprus Securities and Exchange Commission) and FSA (Financial Services Authority).
eToro offers both a mobile app for Android devices as well as desktop versions for Mac and Windows PCs; both versions offer rich charting capabilities with multiple timeframes available at all times thanks partly due to their integration with TradingView. Additionally, eToro offers training materials such as videos about how different strategies work before getting started so newcomers won't feel overwhelmed by what feels like endless possibilities at first glance!
Pros of eToro
- eToro has a social trading platform that makes it easy to follow the strategies of other traders.
- eToro’s customer service is reportedly good.
- The trading tools at eToro are robust and well-designed, making them easy to use.
- By offering access to thousands of assets from around the world, eToro provides excellent versatility for investors who want exposure to different markets and asset classes.
- The broker has built up a strong reputation in the industry over the years and is known for its transparency in communication with investors (both through email support and online forums).
AvaTrade is a UK-based forex broker that is regulated by the Financial Conduct Authority (FCA). It offers competitive spreads and low trading commissions.
If you are looking for an easy-to-use platform with a wide range of forex and CFD products, AvaTrade may be the right choice for you.
Pros of AvaTrade
- AvaTrade is a great choice for beginner traders because it offers a wide range of educational resources and tools.
- AvaTrade is a great choice for traders who want to trade with a wide range of assets.
XM is a forex broker based in the UK. It has a good reputation in the forex industry and offers a wide range of products, services, educational resources, and trading tools.
XM's brokerage service is available via its website xm.com or via mobile apps for iPhone and Android devices.
Pros of XM
- XM is one of the most popular forex brokers in Europe.
- XM has a wide range of trading tools and instruments.
- XM has a wide range of trading platforms and accounts to choose from.
Best Forex Brokers in Europe 2023
Choosing the Best Forex Broker in Europe is a long process full of research and background checking. When you sign up for a broker, you are entering into a partnership with them to help you become successful at trading. You need to be comfortable with your choice and confident that they will support your needs as well as provide high-quality trade execution. This means doing due diligence on their financial health, reading reviews from other users who have tried them out themselves, and talking directly to customer service representatives at the company before signing up so they can give you an idea of what it's like working with them daily (this includes speaking with some current clients too).
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