Best Forex Brokers for Europe in 2021

Best Forex Brokers for Europe in 2021

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Forex brokers in the UK are currently still following the same rules as those in the European Union until both the UK and EU have negotiated on the regulation of forex brokers following BREXIT. There are many forex brokers in Europe with strict regulation that offer some of the best trading conditions. The following brokers have been identified as the best option for European traders:

  1. Pepperstone
  2. IC Markets
  3. IG
  4. XTB
  5. FXCM
  6. FP Markets
  7. eToro
  8. AvaTrade
  9. Plus500
  10. NinjaTrader

 

  1. Pepperstone

Pepperstone is a forex trading broker and a platform that was founded in Australia in 2010 by Owen Kerr and Joe Davenport. The CEO for Pepperstone is Tamas Szabo and Pepperstone is regulated and authorised by the ASIC and FCA.

The market capitalisation for Pepperstone is not known according to official sources. According to the official Pepperstone website, Pepperstone processes an average of 9.2 billion USD in trades daily.

In terms of Pepperstone users, there are more than 57 000 registered forex traders according to the official website for Pepperstone. According to official sources, Pepperstone has more than 200 employees.

Regarding the deposit rate and charges, Pepperstone charges a minimum deposit of 200 USD. In terms of forex trading fees and commissions, Pepperstone charges a spread from 0 pips EUR/USD and commissions start from 7 USD round turn per 100K USD traded.

About the trading speed of Pepperstone, Pepperstone executes trades within just a few milliseconds according to official sources. Where security is concerned, Pepperstone is one of the most trusted brokers which keeps client funds in segregated accounts with top tier-1 banks.

In terms of financial markets, Pepperstone offers more than 700 tradable financial instruments from these asset classes:

  • Energies
  • Bonds
  • CFDs
  • ETFs
  • Stocks
  • Shares
  • Indices
  • Metals
  • Forex
  • Commodities
  • Cryptocurrency

 

Where the trading software is concerned, Pepperstone supports the following:

  1. MetaTrader 4
  2. MetaTrader 5
  3. cTrader

 

About the research and training for Pepperstone, there is a newsletter and blog for forex traders. Forex traders are offered with these materials, resources, and tools:

  1. cTrader Automate
  2. API Trading with Pepperstone
  3. Smart Trader tools for Pepperstone MetaTrader
  4. AutoChartist with Pepperstone Technical Analysis software
  5. Social Trading and ZuluTrade
  6. VPS Hosting
  7. Pepperstone Webinars
  8. Pepperstone Trading Guides
  9. Pepperstone Market Analysis
  10. Economic Calendar

 

In terms of customer support, Pepperstone can be contacted 24/5 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Facebook
  • Twitter
  • LinkedIn
  • RSS Feed

 

In terms of service area, Pepperstone serves traders from 65 countries around the world except those from:

  • The United States
  • Zimbabwe
  • Yemen
  • Japan
  • Canada, and several other areas.

 

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

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

 

When compared to other forex brokers, Pepperstone is one of the largest forex trading brokers and platforms that offers some of the best solutions. Pepperstone is an award-winning broker that offers a wide range of markets, multilingual customer support, and a choice in forex trading education and trading tools.

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

 

  1. IC Markets

IC Markets is a forex trading broker and a platform that was founded in Australia in 2007 by Andrew Budzinski. The CEO for IC Markets is Andrew Budzinski who has held the position since IC Markets was founded. IC Markets is regulated by ASIC, CySEC, and SCB.

The market capitalisation for IC Markets is not known but according to official sources, IC Markets has an 18.9 billion USD average volume of daily transactions.

In terms of IC Markets users, there is an undisclosed number of registered forex traders according to the official website for IC Markets. According to official sources, IC Markets has 260 employees.

Regarding the deposit rate and charges, IC Markets charges a minimum deposit of 200 USD. In terms of forex trading fees and commissions, IC Markets charges a spread from 0 pips and commissions from 3 USD.

About the trading speed of IC Markets, IC Markets is well-known for low latency connectivity and superior liquidity that gives the best execution speeds. In terms of security, IC Markets is well-regulated and makes use of strict security protocols.

In terms of financial markets, IC Markets offers more than 285 tradable financial instruments from these asset classes:

  • Shares
  • Indices
  • Metals
  • Energies
  • Bonds, and
  • CFDs
  • Forex
  • Commodities
  • Cryptocurrency
  • Stocks

 

Where the trading software is concerned, IC Markets supports the following:

  1. cTrader
  2. MetaTrader 4
  3. MetaTrader 5

 

About the research and training for IC Markets, there is no newsletter but there is a blog for forex traders. Forex traders are offered with these materials, resources, and tools:

  1. Forex Glossary
  2. Trading Knowledge
  3. IC Markets Market Analysis
  4. Forex Calculators
  5. Economic Calendar
  6. WebTV
  7. Webinar
  8. Trading Lessons (10 Lessons)
  9. Video Tutorials

 

In terms of customer support, IC Markets can be contacted 24/7 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Facebook
  • Twitter
  • Instagram
  • Google+

 

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

  • United States
  • Iran
  • Yemen
  • Canada, and other OFAC countries.

 

In terms of currency types, IC Markets accepts the following currencies:

  • USD
  • JPY
  • EUR
  • GBP
  • CAD, and several more.

 

When compared to other forex brokers, IC Markets offers forex traders with a trusted, secure trading environment in addition to:

  • Reliability
  • Strong Corporate Governance
  • Regulatory compliance

 

To get more information, you can read the IC Markets review.

 

  1. IG

IG is a forex trading broker and a platform that was founded in 1974 in London, UK by Stuart Wheeler. The CEO for IG is June Felix who has held the position for 5 years and 9 Months. IG is regulated by FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, and MAFF. 

IG has a market capitalisation of 4.536 billion USD according to official stock information. In terms of IG users, there are more than 239 000  registered forex traders according to the official website for IG. According to official sources, IG has between 1 000 and 5 000 employees.

Regarding the deposit rate and charges, IG charges a minimum deposit of 250 USD. In terms of forex trading fees and commissions, IG charges commissions from 0.10% on CFD EU and UK Shares and 2 cents on US Shares.

About the trading speed of IG, IG executes trades in just a few milliseconds according to official sources. Where security is concerned, IG uses some of the most innovative technology to ensure a safe trading environment and platform.

In terms of financial markets, IG offers more than 17000 tradable financial instruments from these asset classes:

  • Bonds
  • ETPs
  • Futures
  • Options
  • Forex
  • Indices
  • Shares
  • Commodities
  • Cryptocurrencies
  • Interest rates

 

Where the trading software is concerned, IG supports the following:

  1. MetaTrader 4
  2. IG Platform
  3. ProRealTime (PRT)
  4. L2 Dealer
  5. FIX API

 

About the research and training for IG, there is a daily newsletter as well as a blog for forex traders. Forex traders are offered with these materials, resources, and tools:

  1. Strategies and planning
  2. Seminars and webinars
  3. Financial Events
  4. Glossary and trading terms
  5. IG Academy app
  6. Risk Management
  7. Trade analytics tool
  8. News and trade ideas

 

In terms of customer support, IG can be contacted 24/5 through these communication channels:

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

 

In terms of service area, IG serves forex traders from all jurisdictions without indication of any restrictions according to the official website. In terms of currency types, IG accepts the following currencies:

  • USD
  • GBP
  • EUR
  • CAD, and many others.

 

When compared to other forex brokers, IG is one of the most reputable, trusted, and popular forex trading brokers in the world that offers:

  • Low and competitive trading fees and rates
  • Powerful trading platforms
  • Award-winning service
  • Many trading opportunities to both beginner and professional forex traders

 

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

 

  1. XTB

XTB is a forex trading broker and a platform that was founded in Belize in 2002 by Jakub Zablocki. The CEO for XTB is Carl Kirchner who has held the position since 2014. XTB is regulated by FCA, IFSC, ACPR, BaFin, KNF, CNMV, and CMB.

XTB Online Trading has a market capitalisation of 2 049.52 million USD, according to official stock information. In terms of XTB users, there are more than 275 000 registered forex traders according to the official website for XTB. According to official sources, XTB has 500 employees.

Regarding the deposit rate and charges, XTB charges a minimum deposit of 250 USD. In terms of forex trading fees and commissions, XTB charges a spread from 0.5 pips and commissions from 0.08% on Stock CFDs and ETF CFDs.

About the trading speed of XTB, XTB is well-known for its rapid trade execution speeds and trusted security methods.

In terms of financial markets, XTB offers more than 1500 tradable financial instruments from these asset classes:

  • Commodities
  • Stock CFDs
  • ETF CFDs
  • Cryptocurrencies
  • Forex
  • Indices

 

Where the trading software is concerned, XTB supports the following:

  1. MetaTrader 4
  2. XTB Online Trading xStation 5 trading platform

 

About the research and training for XTB, there is a newsletter and blog for forex traders. Forex traders are offered with these materials, resources, and tools:

  1. Market Sentiment
  2. Market Calendar
  3. Trading Academy
  4. Trading Articles
  5. Live Webinars

 

In terms of customer support, XTB can be contacted 24/5 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Facebook
  • Twitter

 

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

  • United States
  • Canada
  • Australia
  • Japan
  • Cuba
  • Syria
  • North or South Korea, and several other jurisdictions.

 

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

  • USD
  • EUR
  • GBP
  • HUF

 

When compared to other forex brokers, XTB offers both beginner and professional forex traders with comprehensive trading solutions.

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

  • Advanced trading technologies
  • Listed on a stock exchange
  • Award-winning
  • Offices in more than 13 countries
  • Innovative technology
  • Best support

 

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

 

  1. FXCM

FXCM is a forex trading broker and a platform that was founded in the UK in 1999 by Drew Niv. The CEO for FXCM is Brendan Callan, who has held the position since February 2017 to date. FXCM is regulated by FCA, FSCA, CySEC, and ASIC.

The average daily trading volume for FXCM is 3.8 billion USD, according to official sources. In terms of FXCM users, there is an undisclosed number of registered forex traders according to the official website for FXCM. According to official sources, FXCM has between 500 and 1 000 employees.

Regarding the deposit rate and charges, FXCM charges a minimum deposit of 50 USD. In terms of forex trading fees and commissions, FXCM charges a spread from 0.2 pips and commissions from 0.10 USD per lot.

About the trading speed of FXCM, FXCM executes trades fills 87% of all forex traders’ orders with either zero or positive slippage within 0.032 seconds. In terms of security, FXCM is known for ensuring client fund security and a safe trading environment. 

In terms of financial markets, FXCM offers more than 60 tradable financial instruments from these asset classes:

  • Forex
  • Cryptocurrencies
  • Commodities
  • Indices

 

Where the trading software is concerned, FXCM supports the following:

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

 

About the research and training for FXCM, there is a newsletter and blog for forex traders. Forex traders are offered with these materials, resources, and tools:

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

 

In terms of customer support, FXCM can be contacted 24/5 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Twitter
  • Facebook

 

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

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

 

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

  • USD
  • EUR
  • GBP
  • CHF
  • JPY
  • NZD
  • CAD
  • AUD

 

When compared to other forex brokers, FXCM offers the following unique features/sides:

  • Variety of trading solutions
  • Multi-award-winning broker
  • Trust and commitment 
  • Advanced trading technology

 

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

 

  1. FP Markets

FP Markets is a forex trading broker and a platform that was founded in Australia in 2005 by Matthew Murphie. The CEO for FP Markets is Nick Twidale who has held the position since January 2021. FP Markets is regulated by ASIC, CySEC, and SVG FSA.

There are no official sources indicating the market capitalisation or any other financial information for FP Markets. In terms of users, FP Markets has an undisclosed number of users. According to official sources, FP Markets has between 50 to 100 staff members.

Regarding the deposit rate and charges, FP Markets charges a minimum deposit of 100 AUD. In terms of forex trading fees and commissions, FP Markets charges a spread from 0 pips and commissions from 3 USD per 100 000 traded.

About the trading speed of FP Markets, FP Markets guarantees instant trade execution delivered by the Equinix New York facility server cluster. Where security is concerned, FP Markets is a trusted forex broker and trading platform that ensures client fund safety and a secure environment.

In terms of financial markets, FP Markets offers more than 10000 tradable financial instruments from these asset classes:

  • Equities
  • CFDs
  • Forex
  • Commodities
  • Indices
  • Cryptocurrency
  • Metals
  • Energies

 

Where the trading software is concerned, FP Markets supports the following:

  1. IRESS Trading Platform
  2. MetaTrader 4
  3. MetaTrader 5

 

About the research and training for FP Markets, FP Markets has a newsletter and blog for forex traders. Forex traders are offered with these materials, resources, and tools:

  1. Traders Hub
  2. Copytrading
  3. AutoChartist
  4. Trader Toolbox
  5. Forex VPS
  6. MAM/PAMM

 

In terms of customer support, FP Markets can be contacted 24/7 through these communication channels:

  • Facebook
  • Email
  • Live chat
  • Twitter
  • Instagram
  • LinkedIn
  • Telephone

 

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

  • Japan
  • New Zealand
  • United States

 

In terms of currency types, FP Markets accepts the following currencies:

  • USD
  • EUR
  • GBP
  • AUD, and more.

 

When compared to other forex brokers, FP Markets offers award-winning trading solutions and services.

In terms of unique sides and/or features, FP Markets stands out as a trusted, transparent forex broker that offers deep liquidity and low latency trading.

To get more information, you can read the FP Markets review.

 

  1. eToro

eToro is a forex trading broker and a platform that was founded in Cyprus, UK, and Israel in 2007 by Yoni Assia, Ronen Assia, and David Ring. The CEO for eToro is Yoni Assia, who has been in the position for 14 years. eToro is regulated by ASIC, FCA, and CySEC.

The average daily trading volume for eToro is 4.3 billion USD, according to official sources and in terms of eToro users, forex traders from more than 150 countries worldwide, according to the official website for eToro. According to official sources, eToro has between 500 to 1 000 employees.

Regarding the deposit rate and charges, eToro charges a minimum deposit of 200 USD. In terms of forex trading fees and commissions, eToro charges a spread from 3 pips on EUR/USD and there are no commissions charged on trades.

About the trading speed of eToro, eToro is well-known for lightning-fast trade execution speeds and strict, advanced security protocols. 

In terms of financial markets, eToro offers more than 2000 tradable financial instruments from these asset classes:

  • Commodities
  • Cryptocurrency
  • Stocks
  • Shares
  • ETFs
  • CFDs
  • Indices
  • Metals
  • Energies
  • Bonds
  • Forex

 

Where the trading software is concerned, eToro has its own proprietary trading software available on web, mobile, and desktop. eToro has a newsletter and blog for forex traders. Forex traders are offered with these materials, resources, and tools:

  1. eToro Instrument chart
  2. eToro CopyPortfolios
  3. eToro Watchlist
  4. eToro Portfolio
  5. eToro News Feed
  6. eToro Copy People
  7. eToro Trade Markets
  8. eToro Instrument feed
  9. eToro Instrument statistics

 

In terms of customer support, eToro can be contacted 24/5 through these communication channels:

  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • Email
  • Telephone

 

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

  • United States
  • Japan
  • Brazil
  • Canada
  • Turkey
  • North Korea
  • Syria
  • Sudan
  • Albania, and several other areas.

 

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

  • AUD
  • EUR
  • USD
  • GBP
  • RUB, and others

 

When compared to other forex brokers, eToro is a popular and award-winning forex trading platform and broker with the following unique sides/features:

  • Free insurance to eligible clients
  • Social trading opportunities
  • Opportunity to invest with experts
  • Commission-free trading

 

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

 

  1. AvaTrade

AvaTrade is a forex trading broker and a platform that was founded in Dublin, Ireland in 2006 by Emanuel Kronitz. The CEO for AvaTrade is Dáire Ferguson, who has held the position for more than 11 years. AvaTrade is regulated by CBI, BVI FSC, ASIC, FSCA, FSA, FFAJ, ADGM, FRSA, CySEC, and ISA.

The market capitalisation for AvaTrade is not currently known by official sources. AvaTrade has an average daily trading volume of 7.8 billion USD according to official sources.

In terms of AvaTrade users, there are more than 300 000 registered forex traders according to the official website for AvaTrade. According to official sources, AvaTrade has more than 450 employees worldwide.

Regarding the deposit rate and charges, AvaTrade charges a minimum deposit of 100 USD. In terms of forex trading fees and commissions, AvaTrade charges a spread from 0.9 pips on EUR/USD and commission-free trading.

About the trading speed of AvaTrade, AvaTrade executes trades in trades in less than a milliseconds according to official sources. Where security is concerned, AvaTrade employs stringent security protocols to provide a safe trading environment.

In terms of financial markets, AvaTrade offers more than 1250 tradable financial instruments from these asset classes:

  • Commodities
  • Cryptocurrency
  • Stocks
  • Shares
  • Indices
  • CFDs
  • ETFs
  • Metals
  • Energies
  • Options
  • Bonds
  • Forex

 

Where the trading software is concerned, AvaTrade supports the following:

  1. MetaTrader 4
  2. MetaTrader 5
  3. DupliTrade
  4. ZuluTrade
  5. AvaTrade AvaTradeGo
  6. AvaTrade AvaOptions

 

About the research and training for AvaTrade, there is a newsletter and blog for forex traders. Forex traders are offered with these materials, resources, and tools:

  1. Trading Position Calculator
  2. Trading videos AutoChartist
  3. Trading articles and eBooks
  4. Trading webinars
  5. AvaTrade Economic Calendar
  6. AvaTrade Market Analysis

 

In terms of customer support, AvaTrade can be contacted 24/5 through these communication channels:

  • Instagram
  • Facebook
  • Twitter
  • Email
  • Telephone
  • Live Chat

 

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

  • Belgium
  • United States
  • Iran

 

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

    • USD
    • EUR
    • GBP
  • CHF
  • AUD

 

When compared to other forex brokers, AvaTrade offers the following unique features:

  • Automated trading platforms
  • Forex trader benefits
  • Award-winning and trusted broker
  • Best forex broker on many platforms
  • Competitive pricing and fees
  • Multilingual services and support

 

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

 

  1. Plus500

Plus500 is a forex trading broker and a platform that was founded in the UK in 2008 by Alon Gonen, Gal Haber, Omer Elazari, Shimon Sofer, Elad Ben-Izhak, and Shlomi Weizmann. The CEO for Plus500 is Asaf Elimelech who has held the position since 2020. Plus500 is regulated by FCA, ASIC, CySEC, MAS, FMA, and FSCA.

Plus500 has a market capitalization of 2.05 billion USD for May and an average daily trading volume of 4.4 billion USD, according to official sources. 

In terms of Plus500 users, there are more than 304 000 active registered forex traders according to the official website for Plus500. According to official sources, Plus500 has between 1 000 and 5 000  employees.

Regarding the deposit rate and charges, Plus500 charges a minimum deposit of 100 USD. In terms of forex trading fees and commissions, Plus500 charges a spread from 0.6 pips with no commission charges.

About the trading speed of Plus500, Plus500 ensures fast trade execution within a few milliseconds and strict, demanding security protocols that ensures that client funds are kept safe.

In terms of financial markets, Plus500 offers more than 2000 tradable financial instruments from these asset classes:

  • Forex
  • Commodities
  • Cryptocurrency
  • Indices
  • Shares
  • Options
  • ETFs

 

Where the trading software is concerned, Plus500 offers its own proprietary trading software that is accessible via desktop, web, and mobile. Plus500 has a newsletter and a blog for forex traders in addition to:

  1. Economic Calendar
  2. Risk Management
  3. Trading Alerts
  4. Traders’ Guide
  5. News and Market Insights

 

In terms of customer support, Plus500 can be contacted 24/7 through these communication channels:

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Email

 

In terms of service area, Plus500 serves traders from 50 countries worldwide. There may be some restrictions on jurisdictions where forex trading is not allowed, or restricted. In terms of currency types, Plus500 accepts the following currencies:

  • USD
  • EUR
  • GBP

 

When compared to other forex brokers, Plus500 offers trusted trading solutions, powerful trading platforms, a range of markets, and many unique features and benefits.

To get more information, you can read the Plus500 review.

 

  1. NinjaTrader

NinjaTrader is a forex trading broker and a platform that was founded in 2003 in the United States by Raymond Deux. The CEO for NinjaTrader is Martin Franchi, who has held the position for the past 7 years. NinjaTrader is regulated by the National Futures Association (NFA) and the CFTC in the United States.

The market capitalisation and average daily trading volume for the forex trading platform, NinjaTrader, is not given by official sources. In terms of NinjaTrader users, there are more than 100 000 registered NinjaTrader users according to the official website. According to official sources, NinjaTrader has between 100 and 250 employees.

Regarding the deposit rate and charges, NinjaTrader charges a minimum deposit of 400 USD. In terms of forex trading fees and commissions, NinjaTrader charges a variable spread and commissions that start from 0.35 USD.

About the trading speed of NinjaTrader, NinjaTrader executes trades in a few milliseconds according to official sources. Where security is concerned, NinjaTrader is well-regulated and ensures that only the best security technology is used on the platform.

In terms of financial markets, NinjaTrader offers a variety of tradable financial instruments from these asset classes:

  • Futures
  • Forex
  • Stocks
  • Options

 

Where the trading software is concerned, NinjaTrader has its own innovative, powerful trading technology which is available on:

  1. Desktop
  2. Web
  3. Mobile

 

About the research and training for NinjaTrader, NinjaTrader has a newsletter and blog for forex traders. Forex traders are offered with these materials, resources, and tools:

  1. Third-party add-ons
  2. Advanced live charting
  3. Live Market Data
  4. Trade Desk Calendars

 

In terms of customer support, NinjaTrader can be contacted 24/5 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Facebook
  • Instagram
  • Twitter
  • LinkedIn

 

In terms of service area, NinjaTrader serves traders from the United States and some other jurisdictions while most countries are restricted. In terms of currency types, NinjaTrader accepts the following currencies:

  • USD
  • EUR
  • GBP, and several others.

 

When compared to other forex brokers, NinjaTrader is a trusted trading platform that offers advanced trading solutions to beginner and professional traders.

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

  • Advanced forex trading tools
  • Strict regulation and a secure trading environment
  • A range of markets

 

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

 

  1. Saxo Bank

Saxo Bank is a forex trading broker and a platform that was founded in Denmark in 1992 by Kim Fournais, Lars Seier Christensen, and Mark Anthony Hauschildt. The CEO for Saxo Bank is Kim Fournais, who has held the position since 1992. Saxo Bank is regulated by FSA, FCA, MAS, FINMA, SFC, and ASIC.

Saxo Bank has net income of 955 million USD and an average daily trading volume of 12.3 billion USD. The market capitalisation of Saxo Bank is not provided by reliable sources.

In terms of Saxo Bank users, there are more than 660 000 registered forex traders according to the official website for Saxo Bank. According to official sources, Saxo Bank has between 1 000 and 5 000 employees.

Regarding the deposit rate and charges, Saxo Bank charges a minimum deposit of 500 GBP. In terms of forex trading fees and commissions, Saxo Bank charges a spread from 0.6 pips EUR/USD and commissions from 1.25 USD per lot.

About the trading speed of Saxo Bank, Saxo Bank guarantees fast trade execution with high liquidity from 85 providers and the use of ECN technology. Where security is concerned, Saxo Bank is a safe and trusted forex broker with multi-regulation and strict security protocols.

In terms of financial markets, Saxo Bank offers more than 40000 tradable financial instruments from these asset classes:

  • Stocks
  • Bonds
  • ETFs
  • Mutual Funds
  • Forex
  • CFDs
  • Futures
  • Commodities
  • Forex options

 

Where the trading software is concerned, Saxo Bank supports the following:

  1. SaxoTraderGo
  2. SaxoTraderPRO
  3. OpenAPI

 

About the research and training for Saxo Bank, Saxo Bank offers a newsletter and blog for forex traders. Forex traders are offered with these materials, resources, and tools:

  1. Saxo Bank Economic Calendar
  2. AutoChartist
  3. Platform Video Guides
  4. Introduction to trading
  5. Trade Inspiration
  6. Events and Webinars

 

In terms of customer support, Saxo Bank can be contacted 24/5 through these communication channels:

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

 

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

  • United States

 

In terms of currency types, Saxo Bank accepts the following currencies:

  • USD
  • GBP
  • AUD

 

When compared to other forex brokers, Saxo Bank is a large and trusted broker that has more than 27 years’ experience in offering trading services and solutions.

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

  • A large range of markets
  • Excellent and reliable trading services
  • A range of bonuses and promotions.

 

To get more information, you can read the Saxo Bank review.

 

  1. Oanda

OANDA is a forex trading broker and a platform that was founded in the United States in 1996 by Michael Stumm and Richard Olsen. The CEO for OANDA is Gavin Bambury who has held the position since 2019. OANDA is regulated by CFTC, NFA, IIROC, FCA, MAS, ASIC, FFAJ, and BVI.

The average daily trading volume for OANDA is 10.7 billion USD, according to official sources, with no official sources giving the market capitalisation. 

In terms of OANDA users, there is an undisclosed number of active forex traders according to the official website for OANDA. According to recent official sources, OANDA has 573 employees.

Regarding the deposit rate and charges, OANDA charges a minimum deposit of 1 USD. In terms of forex trading fees and commissions, OANDA charges a spread from 0.7 pips EUR/USD with no commission charges on trades.

About the trading speed of OANDA, OANDA executes trades in 0.012 seconds according to official sources. Where security is concerned, OANDA has strict regulation, advanced risk management, and strict security protocols.

In terms of financial markets, OANDA offers more than 126 tradable financial instruments from these asset classes:

  • Forex
  • Indices
  • Metals
  • Commodities

 

Where the trading software is concerned, OANDA supports the following:

  1. MetaTrader 4
  2. OANDA forex trading platform

 

About the research and training for OANDA, OANDA has a newsletter and blog for forex traders. Forex traders are offered with these materials, resources, and tools:

  1. Trading articles
  2. Advanced charting
  3. Market Calendar
  4. Market Insights
  5. Training videos for forex and CFD trading
  6. Trading guides for beginners, intermediate, and advanced forex traders.

 

In terms of customer support, OANDA can be contacted 24/5 through these communication channels:

  • Facebook
  • Twitter
  • Instagram
  • Telephone
  • Email
  • Live Chat

 

In terms of service area, OANDA does not impose any restrictions to any countries. In terms of currency types, OANDA accepts the following currencies:

  • USD
  • EUR
  • GBP
  • CHF
  • JPY
  • CAD
  • SGD
  • HKD

 

When compared to other forex brokers, OANDA is a large, trusted, and popular forex trading broker and platform that has the following unique sides:

  • Price Projection
  • Module Linking
  • OANDA Chart Forum Community
  • Low and competitive fees
  • Trust and commitment
  • Commission-free trading

 

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

 

  1. FxPro

FxPro is a forex trading broker and a platform that was founded in the UK in 2006. The CEO for FxPro is Charalambos Psimolophitis who has held the position for an undisclosed term to date. FxPro is regulated by FCA, CySEC, FSCA, and SCB.

The market capitalisation for FxPro is not known but there is an average daily trading volume of 6.5 billion USD, according to official sources. 

In terms of FxPro users, there are more than 1.8 million active forex traders according to the official website for FxPro. According to official sources, FxPro has between 100 and 250  employees.

Regarding the deposit rate and charges, FxPro charges a minimum deposit of 100 USD. In terms of forex trading fees and commissions, FxPro charges a spread from 0.37 pips and commissions of 45 USD per 1 million USD traded.

About the trading speed of FxPro, FxPro executes trades in in less than 14 milliseconds, with 7 000 orders executed each second according to official sources. Where security is concerned, FxPro has strict regulation and uses the best security technology.

In terms of financial markets, FxPro offers more than 260 tradable financial instruments from these asset classes:

  • Forex
  • Metals
  • Futures
  • Energies
  • Spot Indices
  • Shares

 

Where the trading software is concerned, FxPro supports the following:

  1. cTrader
  2. MetaTrader 4
  3. MetaTrader 5
  4. FxPro Trading Platform

 

About the research and training for FxPro, FxPro offers both a newsletter and blog for forex traders. Forex traders are offered with these materials, resources, and tools:

  1. Fundamental and Technical Analysis
  2. Trading Tests
  3. Video Tutorials
  4. Webinars and Events
  5. Economic Calendar
  6. Calculators

 

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

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

 

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

  • USA
  • Canada
  • Iraq, and other regions.

 

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

  • USD
  • EUR
  • GBP
  • CHF
  • PLN
  • AUD
  • JPY
  • ZAR

 

When compared to other forex brokers, FxPro offers both beginner and professional forex traders with unique solutions. In terms of unique features, FxPro is known for:

  • Competitive spreads and commissions
  • Fast and reliable trade execution
  • Deep liquidity from top providers
  • Trust and security

 

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

 

  1. XM

XM is a forex trading broker and a platform that was founded in 2009 and the CEO for XM is Constantinos Cleanthous, who has held the position for an undisclosed number of years. XM is regulated by ASIC, CySEC, and IFSC.

The market capitalisation for XM Group is more than 14.26 billion USD, according to official stock information. There is an average daily trading volume of more than 13.4 billion USD.

In terms of XM users, there are more than 3.5 million active registered forex traders according to the official website for XM. According to official sources, XM has over 450 employees.

Regarding the deposit rate and charges, XM charges a minimum deposit of 5 USD. In terms of forex trading fees and commissions, XM charges a spread from 0 pips and commissions from 1 USD.

About the trading speed of XM, XM executes 99.35% of forex trades within one second. In terms of security, XM Group uses strict security protocols to ensure a safe trading environment.

In terms of financial markets, XM offers more than 1000 tradable financial instruments from these asset classes:

  • Forex
  • Commodities
  • Cryptocurrency
  • Energies
  • CFDs
  • Stocks
  • Shares
  • Indices
  • Metals

 

Where the trading software is concerned, XM supports the following:

  1. MetaTrader 4
  2. MetaTrader 5

 

About the research and training for XM, XM has both a newsletter and blog for forex traders. Forex traders are offered with these materials, resources, and tools:

  1. Forex Seminars Market Overview
  2. XM Research
  3. Trade Ideas
  4. Technical Summaries
  5. Economic Calendar
  6. Podcast
  7. XM Live
  8. Live Education
  9. Forex Webinars

 

In terms of customer support, XM can be contacted 24/5 through these communication channels:

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

 

In terms of service area, XM serves traders from 196 different countries worldwide, except traders from

  • USA
  • Canada
  • Iran
  • Israel

 

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

    • USD
    • EUR
    • GBP
    • JPY
    • AUD
  • ZAR, and more.

 

When compared to other forex brokers, XM is known as one of the best forex brokers that has won many industry awards for excellent trading solutions.

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

  • Trust and commitment
  • Low commissions and fees
  • Promotions and rewards

 

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

 

  1. Admirals (Previously Admiral Markets)

Admirals is a forex trading broker and a platform that was founded in the UK in 2001 by an unknown entity. The CEO for Admirals is Sergei Bogatenkov, who has held the position for the past 7 years. Admirals is regulated by FCA, CySEC, EFSA, and AFSL.

The market capitalisation for Admirals is 12 billion USD according to official stock information. Admirals has an average daily volume of more than 3.2 billion USD according to official sources.

In terms of Admirals users, there are more than a million registered forex traders according to the official website for Admirals. According to official sources, Admirals has between 250 and 500  employees.

Regarding the deposit rate and charges, Admirals charges a minimum deposit of 1 USD. In terms of forex trading fees and commissions, Admirals charges a spread from 0 pips and commissions from 0.01 USD.

About the trading speed of Admirals, Admirals fills 90% of all orders in 90 milliseconds . In terms of security, Admirals is a well-regulated and trusted forex broker and trading platform that uses strict protocols and processes.

In terms of financial markets, Admirals offers more than 4000 tradable financial instruments from these asset classes:

  • Bonds
  • Digital Currencies CFDs
  • Energies
  • Metals
  • Forex
  • Commodities
  • Indices
  • Shares
  • ETFs

 

Where the trading software is concerned, Admirals supports the following:

  1. MetaTrader 4
  2. MetaTrader 5
  3. MetaTrader Supreme Edition

 

About the research and training for Admirals, Admirals offers both a newsletter and blog for forex traders. Forex traders are offered with these materials, resources, and tools:

  1. Glossary
  2. Seminars
  3. Tutorials and Articles
  4. Risk Management
  5. Forex 101
  6. Premium Analytics
  7. Fundamental and Technical Analysis
  8. Forex Calendar
  9. Trading Central
  10. Market Sentiment

 

In terms of customer support, Admirals can be contacted 24/5 through these communication channels:

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

 

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

  • Singapore
  • Canada
  • United States
  • Japan
  • Malaysia, and some other countries.

 

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

  • USD
  • SEK
  • RUB
  • EUR
  • GBP
  • BGN
  • AUD, and several others.

 

When compared to other forex brokers, Admirals offers award-winning brokerage services and forex trading solutions.

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

  • Flexible trading options and accounts
  • Forex education and analysis
  • Dedicated customer support
  • High-end security and software

 

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

 

  1. FXTM

FXTM is a forex trading broker and a platform that was founded in Mauritius in 2011 by Andrey Dashin and Olga Rybalkina. The CEO for FXTM is Olga Rybalkina who has held the position since FXTM was established. FXTM is regulated by FCA, CySEC, FSCA, and FSC.

FXTM has an average daily trading volume of 3.6 billion USD. In terms of FXTM users, there are more than 3 million registered forex traders according to the official website for FXTM. According to official sources, FXTM has 782 employees.

Regarding the deposit rate and charges, FXTM charges a minimum deposit of 10 USD. In terms of forex trading fees and commissions, FXTM charges a spread from 0 pips and commissions from 2 USD.

About the trading speed of FXTM, FXTM executes trades in 0.068 seconds on average according to official sources. Where security is concerned, FXTM is a well-known and trusted broker that works with transparency and offers secure solutions.

In terms of financial markets, FXTM offers more than 250 tradable financial instruments from these asset classes:

  • Stock CFDs
  • Stocks
  • Forex
  • CFDs on commodities
  • CFDs on indices
  • Spot Metals

 

Where the trading software is concerned, FXTM supports the following:

  1. MetaTrader 4
  2. MetaTrader 5
  3. FXTM Trader

 

About the research and training for FXTM, there is a newsletter and blog for forex traders. Forex traders are offered with these materials, resources, and tools:

  1. Market Analysis
  2. eBooks
  3. Trading Seminars and Webinars
  4. Forex glossary
  5. Beginner’s guide
  6. Educational Videos
  7. Daily market analysis
  8. Podcasts
  9. Economic Calendar
  10. Forex News Timeline

 

In terms of customer support, FXTM can be contacted 24/5 through these communication channels:

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

 

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

  • United States
  • Canada
  • Puerto Rico
  • Quebec, and several other areas.

 

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

  • USD
  • EUR
  • GBP
  • IDR
  • MYR
  • NGN
  • ZAR, and more.

 

When compared to other forex brokers, FXTM is an award-winning and trusted forex trading provider with the following unique sides: 

  • Wire range of deposit and withdrawal options
  • Trust and reliability
  • Several FXTM sponsorships
  • Strict multi-regulation

 

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

 

  1. Fusion Markets

Fusion Markets is a forex trading broker and a platform that was founded in Australia in 2017 by Phil Horner. The CEO for Fusion Markets is Phil Horner, who has held the position since Fusion Markets was established. Fusion Markets is regulated by ASIC and VFSC.

While the market cap and daily trading volume for Fusion Markets is not known, the forex broker is regarded as a safe and trusted provider of currency and derivatives trading. 

In terms of Fusion Markets users, there is an undisclosed number of registered forex traders according to the official website for Fusion Markets. According to official sources, Fusion Markets has between 10 and 50 employees.

Regarding the deposit rate and charges, Fusion Markets does not have a set deposit rate. In terms of forex trading fees and commissions, Fusion Markets charges a spread from 0.0 pips EUR/USD with commissions from 2.25 USD.

About the trading speed of Fusion Markets, Fusion Markets guarantees fast and reliable trade execution within milliseconds according to trusted sources. Where security is concerned, Fusion Markets guarantees client fund security by keeping funds in segregated accounts.

In terms of financial markets, Fusion Markets offers an impressive portfolio of tradable financial instruments from these asset classes:

  • Forex
  • Energies
  • Precious Metals
  • Equity Indices
  • Commodities
  • Share CFDs

 

Where the trading software is concerned, Fusion Markets supports the following:

  1. MetaTrader 4
  2. MetaTrader 5
  3. MAMM
  4. VPS
  5. Myfxbook AutoTrade
  6. DupliTrade

 

About the research and training for Fusion Markets, Fusion Markets offers both a newsletter and blog for forex traders. Forex traders are offered with these materials, resources, and tools:

  1. Analyst views
  2. Technical Insight
  3. Market Buzz
  4. Trading Calculators
  5. Economic Calendar

 

In terms of customer support, Fusion Markets can be contacted 24/5 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Twitter
  • Facebook
  • LinkedIn

 

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

  • Democratic Republic of the Congo
  • New Zealand
  • United States, and several other areas.

 

In terms of currency types, Fusion Markets accepts the following currencies:

  • USD
  • EUR
  • AUD
  • JPY
  • GBP
  • SGD

 

When compared to other forex brokers, Fusion Markets offers unique trading solutions and powerful trading technologies.

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

  • A safe and reliable trading environment
  • A variety of trading accounts

 

To get more information, you can read the Fusion Markets review.

 

  1. City Index

City Index is a forex trading broker and a platform that was founded in 1983 in the UK by Chris Hale and Jonathan Sparke. City Index forms part of GAIN Capital, whose CEO is Glenn Stevens and who has held the position since August 2020. City Index is regulated by ASIC, FCA, and MAS.

There is no official source that provides the market capitalisation or daily trading volume for City Index. In terms of City Index users, there are more than 150 000  registered forex traders according to the official website for City Index. According to official sources, City Index has between 500 and 1 000 employees.

Regarding the deposit rate and charges, City Index charges a minimum deposit of 100 GBP. In terms of forex trading fees and commissions, City Index charges a spread from 0.5 pips EUR/USD and commissions from 0.08%, which is a minimum of 10 GBP.

About the trading speed of City Index, City Index guarantees fast and reliable speeds according to official sources. In terms of security, City Index is well-known for providing a safe and secure trading environment.

In terms of financial markets, City Index offers more than 12000 tradable financial instruments from these asset classes:

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

 

Where the trading software is concerned, City Index supports the following:

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

 

About the research and training for City Index, City Index has both a newsletter and blog for forex traders. Forex traders are offered with these materials, resources, and tools:

  1. Tutorials
  2. Practical examples of trading topics
  3. Research Portal
  4. Trading Strategies
  5. Economic Calendar
  6. Expert Market Analysis
  7. Trading Academy
  8. Educational videos and articles
  9. Webinars

 

In terms of customer support, City Index can be contacted 24/5 through these communication channels:

  • Facebook
  • Twitter
  • LinkedIn
  • Email
  • Telephone
  • Live chat

 

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

  • Angola
  • Belarus
  • Belgium
  • USA
  • Canada, and some other areas.

 

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 has a long-standing history in offering some of the best trading solutions in the world.

In terms of unique sides and/or features, City Index stands out by offering trusted and secured solutions to beginner and professional forex traders.

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

 

Forex Trading in Europe

Forex trading in Europe is not only undertaken by large corporations and professional traders. It can be done by any beginners and retail traders by using the forex brokers on this list. There are hundreds of forex brokers who are regulated by European entities that offer their trading services.

Forex trading is a popular pastime in Europe and there are hundreds of thousands of forex traders that make it a professional career for profit. According to official sources, there are more than 1.5 million forex traders based in Europe.

Forex trading in Europe is regulated by the European Securities and Markets Authority (ESMA) and the Financial Conduct Authority (FCA), amidst several others. These regulations ensure that forex traders in Europe are protected from various threats that may arise, not only just those involved in forex trading.

These regulatory entities ensure that forex trading is done in a fair, transparent manner, and that the capital of forex traders is safeguarded by forex trading brokers.

Best Forex Brokers for Beginners

The best forex brokers for beginners are listed below:

  1. Plus500
  2. IG
  3. eToro
  4. OANDA
  5. XTB Online Trading

 

These forex brokers are the best for beginners by offering user-friendly forex trading solutions to newbie forex traders including:

  1. Forex trading education
  2. Demo or practice accounts
  3. Guides and ebooks
  4. Video tutorials
  5. Online training with webinars and seminars

 

Best Forex Brokers for Experts

The best forex brokers for experts are listed below:

  1. Blackwell Global
  2. Baxter-FX
  3. FXCC
  4. Plus500
  5. House of Borse

 

These forex brokers are classified as the best for expert forex traders by offering advanced and professional forex trading solutions.