Best Forex Brokers for Austria in 2021

Best Forex Brokers for Austria in 2021

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Best Forex Brokers for Austria

Austria became a member of the European Union (EU) in 1995, and this membership brought a lot of economic benefits, which included a surge in foreign investors. Austrian traders who are looking for the best forex brokers need not look further than the list below to find the perfect broker to facilitate their forex trading.

  1. InstaForex
  2. City Index
  3. Forex.com
  4. Binary.com
  5. FXCM
  6. UFX
  7. Vantage FX
  8.  WeBull

1. InstaForex

InstaForex is a forex trading broker and trading platform established in Cyprus in 2007. InstaForex is regulated by the Financial Services Commission (FSC).

InstaForex’s market capitalization is not known, but the broker has a 5.8 billion USD average volume of daily transactions.

In terms of forex traders, InstaForex has more than 7 million registered forex traders, according to the official InstaForex website. According to reliable sources, more than 250 employees are working for InstaForex.

InstaForex charges a minimum deposit of $1. In terms of forex trading fees and commissions, forex traders can expect a spread from 0.0 pips and commission charges from 0.03% to 0.07%.

Regarding trading speeds, InstaForex executes trades in a few milliseconds, according to trusted sources. Where security is concerned, InstaForex uses data encryption technology and several other protocols to ensure client security.

In terms of financial markets, InstaForex offers a range of tradable financial instruments from these asset classes:

  • Forex
  • Metals
  • Indices
  • Stocks
  • Oil and Gas
  • Commodity Futures
  • Insta Futures
  • Cryptocurrencies

About trading software, InstaForex offers the following:

  1. MetaTrader 4
  2. MetaTrader 5
  3. Multiterminal
  4. InstaForex WebTrader
  5. InstaTick Trader

With research and training, InstaForex has a newsletter and blog for forex traders. Forex traders are offered with the following:

  1. Chief Strategist
  2. Analytical Reviews
  3. Economic Calendar
  4. Video Analysis
  5. Forex TV
  6. Trading Sessions

In terms of customer support, InstaForex can be contacted through these communication channels:

  • Telegram
  • WhatsApp
  • Skype
  • Facebook
  • Twitter
  • Telephone
  • Live Chat
  • Email

In terms of the service area, InstaForex serves traders from around the world except those who reside in the United States and some other third-world countries that have laws against forex trading. In terms of currency types, InstaForex accepts the following currencies:

  • RUB
  • EUR
  • USD

In terms of unique sides and/or features, InstaForex stands out by offering:

  • 10 trading servers in major cities
  • More than 260 representatives worldwide
  • Advice and analysis from experts

InstaForex is a very active forex broker in Austria with a large portion of traders from the Austrian population who use its services and solutions. InstaForex has a large market share of more than 20% in Austria. There are no privileges offered to Austrian citizens, but forex traders can expect some of the best trading conditions and advanced solutions.

To get more information, you can read the InstaForex review.

Bridges Financial Services (Financial advisor – no forex trading)

2. City Index

City Index is a forex trading broker and trading platform established in the UK in 1983 by Chris Hale and Jonathan Sparke. The CEO for City Index is Glenn Stevens, who has been in the position for the past year. City Index is regulated by FCA, MAS, and ASIC.

In terms of forex traders, City Index has more than 150,000 registered forex traders, according to the official City Index website. According to reliable sources, between 500 and 1,000 employees are working for City Index.

City Index charges a minimum deposit of £100. In terms of forex trading fees and commissions, forex traders can expect a spread from 0.5 pips on EUR/USD and commissions which start from 0.08% or a minimum of £10.

Regarding trading speeds, City Index executes trades in just a few milliseconds, according to trusted sources. Where security is concerned, City Index is a trusted and secure forex broker that guarantees a safe and secure trading environment.

In terms of financial markets, City Index offers more than 12,000 tradable financial instruments from these asset classes:

  • Forex
  • Cryptocurrencies
  • Oil & Commodities
  • Metals
  • Bonds
  • Interest Rates
  • Options
  • Indices
  • Shares

About trading software, City Index offers the following:

  1. City Index Web Trader
  2. City Index Mobile Trading Apps
  3. AT Pro Trading Platform
  4. MetaTrader 4

With research and training, City Index has a newsletter and blog for forex traders. Forex traders are offered with the following:

  1. Tutorials
  2. Practical examples of trading topics
  3. Research Portal
  4. Trading Strategies
  5. Economic Calendar, and several others.

In terms of customer support, City Index can be contacted through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Social media contacts

In terms of the service area, City Index serves traders from around the world except those from:

  • USA
  • Canada
  • Afghanistan
  • Angola and several other regions.

In terms of currency types, City Index accepts the following currencies:

  • USD
  • GBP
  • EUR
  • CHF
  • JPY
  • NZD

When compared to other forex brokers, City Index offers excellent trading services and has been involved in the financial industry for 35 years, proving its expertise and excellence.

In terms of unique sides and/or features, City Index stands out by offering a wide range of tradable instruments, powerful trading software, and unique services.

City Index is a very active forex broker in Austria with thousands of traders that use its services and solutions. City Index has a good market share as a result of its trusted and secure services that traders are familiar with. Austrian traders can expect an array of privileges such as tailored trading solutions that cater to the unique trading objectives of each client.

To get more information, you can read the City Index review.

Credit Financier Invest (Not a forex broker)

3. Forex.com

Forex.com is a forex trading broker and trading platform established in 2001 in the United States with offices in the United Kingdom and Japan. Forex.com is a part of StoneX Group, whose CEO is Glenn Stevens, who has been in the position since August 2020. Forex.com is regulated by CIMA, FCA, FSA, CFTC, NFA, IIROC, and ASIC.

Forex.com’s market capitalization is not known, but the forex broker has an average daily trading volume of more than $15.5 billion. The total equity capital for Forex.com is more than $860 million, while the total in customer assets is over $5 billion.

In terms of forex traders, Forex.com has an undisclosed number of registered forex traders, according to the official Forex.com website. According to reliable sources, between 500 and 1,000 employees are working for Forex.com.

Forex.com charges a minimum deposit of $100. In terms of forex trading fees and commissions, forex traders can expect a spread from 0.2 pips EUR/USD with commissions from $5 per $100,000 traded.

Regarding trading speeds, Forex.com is the only forex broker that has an Execution Scorecard with 99.96% of all trades filled in less than 0.03 seconds as per the official Forex.com website. Where security is concerned, Forex.com has a proven record of security, stability, and financial strength over several years, which is further proven by its affiliation with StoneX Group.

In terms of financial markets, Forex.com offers a range of tradable financial instruments from these asset classes:

  • Forex
  • Indices
  • Stocks
  • Commodities
  • Metals 
  • Gold
  • Cryptocurrencies
  • Oil

About trading software, Forex.com offers the following:

  1. MetaTrader 4
  2. MetaTrader 5
  3. Forex.com mobile

With research and training, Forex.com has a newsletter and blog for forex traders. Forex traders are offered with the following:

  1. Market Analysis
  2. Webinar
  3. Trading themes
  4. Trading courses

In terms of customer support, Forex.com can be contacted through these communication channels:

  • Live Chat
  • Email
  • Telephone
  • Facebook
  • Twitter

In terms of the service area, Forex.com serves traders from around the world except those from:

  • Singapore
  • New Zealand
  • Belarus
  • Iran
  • Yemen

In terms of currency types, Forex.com accepts the following currencies:

  • USD
  • NZD
  • GBP
  • EUR
  • CHF
  • JPY

When compared to other forex brokers, Forex.com offers some of the best trading conditions and flexible solutions for both beginner and professional forex traders.

In terms of unique sides and/or features, Forex.com stands out by offering:

  • More than 500 markets
  • Versatile and powerful trading platforms
  • An execution scorecard with proven stability, reliability, and trade execution speed

Forex.com is a very active forex broker in Austria with thousands of traders that have registered on its trading platform. Forex.com has a decent market share of less than 20% amidst other competitors in Austria. Austrian citizens can expect some privileges such as a comprehensive affiliate program, in-depth market analysis, and dedicated customer support in multiple languages.

To get more information, you can read the Forex.com review.

4. Binary.com

Binary.com is a forex trading broker and trading platform founded in 1999 with offices in Malaysia, Malta, Paraguay, and UAE. The CEO for Binary.com is Jean-Yves Sireau, who has been in the position for an undisclosed number of years. Binary.com is regulated by MFSA, VFSC, BVI FSC, and LFSA.

Binary.com’s market capitalization is not known, but the broker experiences more than 1.1 billion transactions a year.

In terms of forex traders, Binary.com has 790,000 registered forex traders, according to the official Binary.com website. According to reliable sources, more than 440 employees are working for Binary.com.

Binary.com charges a minimum deposit of $5. In terms of forex trading fees and commissions, forex traders can expect a variable spread with commissions from $0 on trades.

Regarding trading speeds, Binary.com executes trades in seconds with low latency and minimal slippage, according to trusted sources. Where security is concerned, Binary.com is well-regulated and ensures a secure environment using strict protocols and software.

In terms of financial markets, Binary.com offers a range of tradable financial instruments from these asset classes:

  • Forex
  • Stock Indices
  • Commodities
  • Synthetic Indices

About trading software, Binary.com offers the following:

  1. Deriv.com
  2. SmartTrader
  3. Tick Trade

With research and training, Binary.com has a newsletter and blog for forex traders. Forex traders are offered with the following:

  1. SmartCharts
  2. TradingView
  3. Articles
  4. Platform Tours
  5. Trading Guides

In terms of customer support, Binary.com can be contacted through these communication channels:

  • Live chat
  • Twitter
  • Facebook
  • Reddit
  • Telegram

In terms of the service area, Binary.com serves traders from around the world except those from:

  • Hong Kong
  • United States
  • Canada

In terms of currency types, Binary.com accepts the following currencies:

  • USD
  • GBP
  • EUR
  • AUD

When compared to other forex brokers, Binary.com offers unique and comprehensive binary options trading to traders residing in Europe.

In terms of unique sides and/or features, Binary.com stands out by offering:

  • Powerful trading platforms
  • A range of options for trading
  • Helpful trading tools and resources

Binary.com is a very active forex broker in Austria with thousands of traders that use its unique approach to trading in financial markets. Binary.com has a decent market share for its unique services in Austria. Austrian citizens are provided with comprehensive binary options trading, powerful trading platforms, and some of the best trading conditions in the industry.

To get more information, you can read the Binary.com review.

5. FXCM

FXCM is a forex trading broker and trading platform established in the United Kingdom in 1992 by Drew Niv. The CEO for FXCM is Brendan Callan, who has been in the position for the past four years. FXCM is regulated by FSCA, FCA, CySEC, and ASIC.

FXCM’s market capitalization is not given by official sources, but the average daily trading volume that FXCM experiences are $3.8 billion.

In terms of forex traders, FXCM has an undisclosed number of registered forex traders, according to the official FXCM website. According to reliable sources, between 500 and 1,000 employees are working for FXCM.

FXCM charges a minimum deposit of $50. In terms of forex trading fees and commissions, forex traders can expect a spread from 0.2 pips EUR/USD and commission charges from $0.10.

Regarding trading speeds, FXCM executes 87% of its trades within 0.032 seconds, according to trusted sources. Where security is concerned, FXCM is a well-known, trusted broker that uses strict security protocols to ensure the safety of funds and client information on its platforms.

In terms of financial markets, FXCM offers a range of tradable financial instruments from these asset classes:

  • Forex
  • Cryptocurrencies
  • Indices
  • Commodities

About trading software, FXCM offers the following:

  1. MetaTrader 4
  2. NinjaTrader
  3. ZuluTrade
  4. TradingView
  5. Capitalise AI
  6. Trading Station

With research and training, FXCM has a newsletter and blog for forex traders. Forex traders are offered with the following:

  1. Glossary
  2. MT4 VPS
  3. Live Forex Charts
  4. Economic Calendar
  5. FXCM Plus
  6. FXCM Apps
  7. Market Scanner
  8. Daily Technical Levels
  9. Trading Videos
  10. Trading Articles

In terms of customer support, FXCM can be contacted through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Facebook
  • Twitter

In terms of the service area, FXCM serves traders from around the world except those from:

  • Russia
  • Iran
  • United States
  • Ukraine
  • Turkey, and some other regions.

In terms of currency types, FXCM accepts the following currencies:

  • AUD
  • EUR
  • GBP
  • CHF
  • USD, and several others.

When compared to other forex brokers, FXCM offers innovative trading solutions to both beginner and experienced forex traders.

In terms of unique sides and/or features, FXCM stands out by offering:

  • Multi-award-winning service and trading solutions
  • Advanced trading software

FXCM is a very active forex broker in Austria, with thousands of registered forex traders that use it to facilitate trades. FXCM has a good market share in Austria as a result of its unique solutions. There are no privileges offered to Austrian citizens other than a range of markets and unique solutions.

To get more information, you can read the FXCM review.

6. UFX

UFX is a forex trading broker and trading platform established in 2007 in Cyprus. The CEO for UFX is Thomas Johansen, who has been in the position for several years. UFX is regulated by CySEC and VFSC.

In terms of forex traders, UFX has an undisclosed number of registered forex traders. According to reliable sources, 500 and 1,000 employees are working for UFX.

UFX charges a minimum deposit of $100. In terms of forex trading fees and commissions, forex traders can expect variable spreads from 3 pips EUR/USD and commission-free trading as costs are already calculated into the spread.

Regarding trading speeds, UFX guarantees reliable and ultra-fast trade executions with minimal slippage and no re-quotes, according to trusted sources. Where security is concerned, UFX is secured by stringent protocols, SSL technology, and other measures. 

In terms of financial markets, UFX offers a range of tradable financial instruments from these asset classes:

  • Commodities
  • Forex
  • Indices
  • Stocks
  • ETFs

About trading software, UFX offers the use of MetaTrader 5, through which trades can be executed. With research and training, UFX has a newsletter and blog for forex traders. Forex traders are offered with the following:

  1. MassInsights Technology
  2. Trading Central

In terms of customer support, UFX can be contacted through these communication channels:

  • Telephone
  • Live chat
  • Email
  • Twitter
  • Facebook

In terms of the service area, UFX serves traders from around the world except those from:

  • United States
  • Japan
  • Canada

In terms of currency types, UFX accepts the following currencies:

  • USD
  • GBP
  • EUR
  • BTC, and several others.

When compared to other forex brokers, UFX offers some unique solutions, which include access to Trading Central and MassInsights, amidst other technologies and innovations.

UFX is a very active forex broker in Austria with a few hundred traders that use its services and solutions. UFX has a small market share in Austria due to some restrictions and limited offerings. There are no privileges offered to Austrian citizens other than the innovative trading technology and range of markets offered.

To get more information, you can read the UFX review.

7. Vantage FX

Vantage FX is a forex trading broker and trading platform established in 2009 in Australia by an unknown group of professionals in forex, technology, and finances. The CEO for Vantage FX is David Shayer, who has been in the position for more than two years. Vantage FX is regulated by CIMA, SIBL, ASIC, FCA.

Vantage FX’s market capitalization is not given by official sources, but the broker has a daily trading volume of $9.7 billion, according to trusted sources.

In terms of forex traders, Vantage FX has an undisclosed number of registered forex traders, according to the official Vantage FX website. According to reliable sources, more than 242 employees are working for Vantage FX.

Vantage FX charges a minimum deposit of $200. In terms of forex trading fees and commissions, forex traders can expect a spread from 0.0 pips and commissions that start from $2.

Regarding trading speeds, Vantage FX executes 99.99% of all trades at a frequency of 3.2GHz at 18 core speeds, according to trusted sources. Where security is concerned, Vantage FX maintains the highest standard of security and regulation.

In terms of financial markets, Vantage FX offers a range of tradable financial instruments from these asset classes:

  • Forex
  • Indices
  • Commodities
  • Share CFDs
  • Cryptocurrencies

About trading software, Vantage FX offers the following:

  1. Vantage FX App
  2. MetaTrader 4
  3. MetaTrader 5
  4. ZuluTrade
  5. MyFXBook AutoTrade
  6. DupliTrade

With research and training, Vantage FX has a newsletter and blog for forex traders. Forex traders are offered with the following:

  1. SmartTrader tools for MetaTrader 4 and MetaTrader 5
  2. Forex VPS
  3. Economic Calendar
  4. Forex Sentiment Indicators
  5. Pro Trader Tools
  6. Trading Software Manuals

In terms of customer support, Vantage FX can be contacted through these communication channels:

  • Live Chat
  • Email
  • Telephone
  • Facebook
  • Twitter
  • LinkedIn
  • Telegram

In terms of the service area, Vantage FX serves traders from around the world except those from:

  • North Korea
  • The United States and several other regions

In terms of currency types, Vantage FX accepts the following currencies:

  • AUD
  • EUR
  • GBP
  • SGD
  • JPY, and several others.

When compared to other forex brokers, Vantage FX offers Austrian traders some of the most competitive rates and fees in the forex industry.

In terms of unique sides and/or features, Vantage FX stands out by offering:

  • Low fees and trading costs
  • Advanced trading tools

Vantage FX is a very active forex broker in Austria with a large portion of traders that use its services and solutions. Vantage FX has a reasonable market share when compared to other forex brokers in the industry. While there are no privileges specifically for Austrian traders, forex traders can expect powerful trading platforms and tailored account types.

To get more information, you can read the Vantage FX review.

8. WeBull

WeBull is a forex trading broker and trading platform established in the United States in 2017 by Anquan Wang. The CEO for WeBull is Anthony Denier, who has been in the position since July 2017. WeBull is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) in the United States.

WeBull’s market capitalization is not known, but the forex broker announced in June 2021 that it might have an initial public offering (IPO) with considered evaluations of $400 million.

In terms of forex traders, WeBull has more than 750,000 registered forex traders, according to the official WeBull website. According to reliable sources, between 50 and 100 employees are working for WeBull.

WeBull charges a minimum deposit of $1. In terms of forex trading fees and commissions, forex traders can expect a variable spread with commission-free trading.

Regarding trading speeds, WeBull executes trades according to an order size range from between 0.004 and 0.032 seconds according to the official WeBull website. Where security is concerned, WeBull is a trusted broker and financial services provider that uses strict protocols and innovative technology.

In terms of financial markets, WeBull offers a range of tradable financial instruments from these asset classes:

  • Stocks
  • Equities
  • ETFs
  • Indices
  • Forex
  • Futures

About trading software, WeBull offers the use of its own proprietary trading platform, which can be used on desktops, web browsers, and a range of mobile devices. With research and training, WeBull has a newsletter and blog for forex traders. Forex traders are offered with the following:

  1. In-depth analysis tools
  2. Advanced charting
  3. Technical indicators
  4. Fundamental indicators
  5. Market analysis

In terms of customer support, WeBull can be contacted through these communication channels:

  • Email
  • Telephone

In terms of the service area, WeBull serves traders from around the world except those in OFAC regions. In terms of currency types, WeBull accepts USD as base account currency and the currency in which deposits and withdrawals can be made.

When compared to other forex brokers, WeBull offers expert trading, investment, and financial services to all beginner, advanced, and professional traders.

In terms of unique sides and/or features, WeBull stands out by offering:

  • Professional trading platforms and technologies
  • Unique, comprehensive trading solutions
  • Competitive trading conditions
  • Transparent fees and schedules

WeBull is a very active forex broker in Austria with hundreds of registered Austrian traders that use its services and solutions. WeBull has a good market share in a competitive industry with many other participants. There are no privileges offered to Austrian citizens specifically other than a range of markets, expert solutions, and a secure trading environment.

To get more information, you can read the WeBull review.

Forex Trading in Austria

To trade forex in Austria, traders must obtain the necessary knowledge through educational sources, especially where investment in pairs such as the Pound and Euro is concerned, and their exchange rates with other currencies such as the USD.

Austrian traders must ensure that they understand the relationship between each forex pair so that they can understand the spread that could be charged by their broker. Trading software is another vital component in forex trading.

This allows Austrian traders to analyze the pre-set parameters for trading options, helping Austrian traders make informed trading decisions.

What should be known for Forex Trading in Austria?

Austria has a free market economy with a strong social focus, offering favorable conditions for many traders and investors. The Pound and Euro are two of the strongest currencies in the forex market, providing Austrian traders with a range of trading opportunities to earn profits.

Who are the Forex Regulators in Austria?

There is a mixture of forex regulators in Austria along with the Markets in Financial Instruments Directive (MiFID), which is a law that harmonizes the regulation of investment and financial services.

All forex exchange trading in Europe is subjected to this law, and it increases the competition and customer protection in investment services. The following regulators operate in Austria and other European countries:

  • Financial Services Authority (FSA) and Financial Conduct Authority (FCA)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Financial Market Authority (FMA) in Austria

Is Forex Trading legal in Austria?

Yes, forex trading is legal in Austria if forex traders use regulated, reputable brokers to facilitate their forex trading.

How Many Forex Traders are there in Austria?

According to official sources, there are 27,493 forex traders in Austria.

What do Austria’s Citizens think about Forex Trading?

There is a total of more than 2 million forex traders in Europe, with 27,493 forex traders who originate from Austria. As a result of its economic advantage, more forex traders from Austria are emerging in the forex market.

The forex market is considered a profitable avenue that allows citizens to earn profits and additional income. Austria’s citizens are starting to explore the forex market more as forex trading becomes more widespread across the globe.

Forex trading is also increasing more in Austria as more forex brokers start accepting forex traders from smaller regions around the world.

Best Forex Brokers for Beginners in Austria

The best forex brokers for beginners in Austria based on their provision of education and training material are:

  1. City Index
  2. InstaForex
  3. FXCM
  4. VantageFX
  5. Forex.com

Best Forex Brokers for Experts in Austria

Based on innovative technology, advanced solutions, and trading conditions, these are the best forex brokers for experts in Austria:

  1. WeBull
  2. UFX
  3. InstaForex
  4. eToro
  5. Saxo Bank

Best Forex Brokers for Other Countries

Austria is a landlocked country in the southern part of Central Europe with several regions surrounding it, one of which is Italy. The best forex brokers for Italy are:

  1. Saxo Bank
  2. Swissquote
  3. Vantage FX
  4. ActivTrades
  5. Blackbull Markets

The best forex brokers for Germany are:

  1. IG
  2. FxPro
  3. Plus500
  4. FXCM
  5. CMC Markets

The best forex brokers for Hungary are:

  1. Admirals
  2. FXPrimus
  3. IronFX
  4. eToro
  5. FP Markets

The best forex brokers for Slovenia are:

  1. eToro
  2. IC Markets
  3. HotForex
  4. XM
  5. FP Markets

The best forex brokers in Croatia are:

  1. Saxo Bank
  2. IQ Option
  3. Pepperstone
  4. ForexTime (FXTM)