Best Forex Brokers in Europe

Mihai-Alexandru Cristea 02/02/2022 | 17:51

Trading is a big part of the European lifestyle. As a result, people tend to search for the best brokers to make their trading journeys easier and more profitable for them. In this guide, we are going to talk about the best five forex brokers in Europe. So if you want to know all about them, let’s start reading.  


IC Markets



First discovered in 2007, IC Markets is probably the best forex broker in Europe. The initial focus of the financial professionals who developed IC markets is to eliminate the gap between retail and industrial clients by offering the latest trading solutions. 

This outstanding broker is a great choice, especially for platforms, including MT4, MT5, cTrading, etc. But, the best part of IC Markets is its exceptional customer support service. No matter from which country you are and in which language you use, the customer service provides all traders with multi-lingual solutions. 

The offerings of IC Markets leverage up to 1:500. For European traders, the broker has fixed at 1:30 leverage. With IC Markets, you can get your hands on three different types of accounts with different features and benefits. All accounts are made carefully and skillfully so that all three types of accounts can meet the clients’ expectations. 

Some of the key features of IC Markets include: 

Min deposit: $200

Instruments: FX, Futures CFDs, stocks and bonds, commodities, and crypto trades

Platforms: MT4, MT5, cTrader

Regulation: ASIC, CySEC

Base currencies: AUS, USD, HKD, EUR, GBP, NZD, and other four

If you want to know more in detail about IC Markets, make sure to go through the IC Markets review


FP Markets

Founded in 2005, FP Markets is another great forex broker in the European market regulated by ASIC, one of the strictest regulations in the world of trading. The broker allows all clients to trade on more than thirteen thousand instruments, including metals, commodities, cryptocurrency, and more. 

FP Markets is a group of a few well-recognized companies, which incorporates First Prudential Market Ltd., regulated and authorized by the Cyprus Securities and Exchange Commission. This broker offers different types of accounts, keeping all kinds of traders in mind. You can opt for a commission-free standard account with this broker as a novice trader. On the other hand, you can also take help from a raw account, which is commission-based. 

The maximum leverage offering of FP Markets is 500:1, which is indeed pretty decent. This broker also benefits clients with different unique platforms and tools, a variety of educational tools, more than ten thousand instruments, and great user-friendly customer service support. Please note that the number of trading platforms, instruments, and other tools provided by this project can be overwhelming for new users. So, do the necessary research before beginning with this broker.

Some of the major characteristics of FP Markets are discussed below. 

Instruments: CFDs on exquisite indices, shares, commodities, energy, metals, cryptocurrency, and ten thousand others. 

Regulation: ASIC, FCA,Finma, SCB, CMA, Basin, CySEC, CONSOB, CNMV, etc. 

Base currencies: AUS, USD, HKD, EUR, GBP, NZD





The first name that comes to mind while talking about the best forex brokers in Europe is Pepperstone. Established in 2020, Pepperstone broker is an Australian broker firm that provides facilities all over Europe. Several features like low spread, no dealing desk, lower trading costs, speed, reliability, and overall execution make it the favorite forex broker of many Europeans. 

Top-tier licenses such as ASIC and FCA make this broker super reliable and one of the demanding brokers in the European trading market. Some key features of Pepperstone include: 

Min deposit: $200

Instruments: CFDs on exquisite, indices, shares, commodities, energy, metals, and cryptocurrency 

Platforms: MT4, MT5, cTrader

Regulation: ASIC, FCA, DFSA, SCB, CMA, BaFin

Base currencies: AUS, USD, HKD, EUR, GBP, NZD

With these extraordinary features of Pepperstone, the client satisfaction rate is also increasing day by day. In addition, the broker is an affordable, cost-effective platform that provides great execution speed, low spreads, commissions, and other profits. So make sure to use Pepperstone at least once if you are looking for a great, reliable, easy-to-use, and value-for-money broker in Europe. 





Established in 2007, InstaForex is another one of the best Forex brokers in Europe. The fundamental focus of InstaForex is to provide users with the best trading experience and a wide range of services. 

This broker is a customer-oriented platform that prioritizes the requirements and necessities of each customer. It is a reliable broker with a good number of available instruments and technology for forex trading. InstaForex, being extremely user-friendly, comes with a great user interface. On the other hand, the InstaForex minimum deposit rate is $0, which is what new and experienced traders look for. Some of the critical features of InstaForex are: 

Min deposit: $0

Instruments: derivatives of 34 US stocks CFDs, commodities, cryptocurrency, and 100+ currency pairs

Platforms: MT4, MT5, WEBTrader

Regulation: ASIC, BVI FSC, FSC

Base currencies: EUR, USD



The last forex broker in this list is XTB, a reliable, multi-asset, and deposit-fee free broker, mainly known for helping millions of traders worldwide. Founded twenty years back, this broker has created history by helping lots of traders with its myriad collection of traditional and new trading tools, education tools, and more. 

The top-notch authorization and regulation of this broker are outstanding. These details altogether have made XTB a highly reliable and safe broker for traders. This broker allows CFD trading, US stock trading, social trading, and more with forex. 

Now, look at some best features of XTB.

Min deposit: $0

Instruments: 49 pairs of forex, CFD, US stock trading, social trading, 10000+ tradable symbols, and more

Platforms: MT4, Web platform, Desktop platform, Virtual trading (Demo)

Regulation: FCA



These were some of the best forex brokers in the European market. Now, when you have collected almost all the detailed information about the best brokers in Europe, your upcoming trading journey will hopefully become smoother, and you will gain the best trading experience. So, make sure to research these brokers and get your hands on the best one today.

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Mihai-Alexandru Cristea | 19/12/2022 | 18:45

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