Best Forex Brokers in Europe – 2024 Ranked & Reviewed

Interactive Brokers is one of the biggest global brokers, where you can access over 150 markets in 33 countries. Almost all financial instruments are available on their platforms, such as stocks, bonds, ETFs, Forex, Funds, Commodities, Options, Futures, CFDs, Crypto Futures, and even penny stocks. The company was founded in 1978, is listed on the NASDAQ exchange (Ticker: IBKR), and is regulated by many international top-tier regulators.

Interactive Brokers is one of the best options for experienced investors looking for advanced features and a high level of customization through the TWS platform (desktop version). Additionally, the web version and the mobile app, IBKR GlobalTrader, are well-designed and more user-friendly for beginners.

Interactive Brokers provides several account base currencies without any minimum amount, which is convenient for international investors. In addition, they have low trading fees, spreads, and margin rates.

There is no minimum required amount to open an account at IBKR, but you can only use bank transfers (wire/SEPA) for deposits and withdrawals, which is a significant drawback compared to other brokers. Furthermore, you are eligible for only one free withdrawal per month.

We recommend you check out our comprehensive Interactive Brokers review.

Founded in 2017,  Fusion Markets is a Forex and CFD broker with offices in Australia, Vanuatu and the Seychelles, but accepting clients from most countries worldwide (exceptions include the US and New Zealand). The broker offers access to 250+ products, including Forex and CFDs on Energy, Precious Metals, Equity Indices, US stocks and Crypto.

On AUD and USD currencies, the commissions offered are $2.25 per side commission, so a standard lot will be $4.50. On the “Zero Account”, spreads start from 0.0 and on the “Classic Account”, the spreads start at 0.9. The main difference between the two is that the latter includes your commissions in each trade. Apart from the trading fees, there are no deposits and some withdrawal fees.

Fusion Markets offers several investment platforms in desktop, web and mobile apps, namely MetaTrader 4 and 5, and cTrader. All platforms give you customisable charts, fundamental and technical indicators and an intuitive interface. cTrader presents more advanced market depth options like price depth and VWAP depth.

The demo account is particularly useful for a beginner. It lets you have real hands-on experience as you would be using real money with real-time market conditions, but in a risk-free environment. So, when switching to a real account, you will notice no difference between your training and the real-life of investing. 

Fusion Markets is regulated in Australia, Vanuatu and Seychelles. In Australia, Fusion Markets is regulated by the Australian Securities and Investments Commission (ASIC) under the License nº 385620, a top-tier financial regulator. In Vanuatu and Seychelles, it is regulated by the Vanuatu Financial Services Commission (VFSC) and Financial Services Authority Seychelles (FSA), respectively. Clients under ASIC get negative balance protection, but there is no investor compensation scheme, as you would find in Europe and the UK, for example.

We recommend you check out our comprehensive Fusion Markets review.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Founded in 2008, Plus500 is an online broker offering various financial products, including real shares and CFDs on forex, indices, shares, commodities, options, ETFs, and cryptocurrencies. It is available in over 50 countries and is listed on the London Stock Exchange.

There are two distinct account types:

• Plus500 CFD: It only focuses on CFD products;
• Plus500 Invest: Where you can trade stocks (real shares);

You will use the WebTrader, Plus500’s proprietary platform, offering a stable trading experience and reliable access from multiple devices, including a mobile app. All platforms are accessible and responsive, and you can start testing the features by opening a demo account.

In the Forex market, you will find any major currency pairs where you can leverage up to 30x, per EU regulation. You have all the tools for Forex trading: stop losses, limit orders, market orders, and trailing stop orders. The spreads for each currency pair differ depending on its liquidity and the market environment when your order is placed.

Finally, it is regulated by financial regulators like the FCA and CySEC, meaning that Plus500 is appropriately supervised and that there is an investor protection scheme under the entity in which you open an account. For instance, If you open an account as a European investor through Plus500CY Ltd, you are protected up to €20,000. Additionally, Plus500 provides negative balance protection for CFD trading on a per-account basis – only to retail clients from the European Union (regulatory requirement).

Want to know more about Plus500? Check our Plus500 Review.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CMC Markets is a global CFD and Forex broker, operating since 1989 and listed on the London stock exchange. It is regulated by several international regulators, such as the UK’s FCA and the German BaFin.

CMC Markets offers a massive selection of 11,000+ CFDs covering Forex, stocks, indices, ETFs, commodities, cryptocurrencies, and bonds. They have a transparent fee structure that depends on the instruments you are buying or selling. For example, if you buy a European share CFD, a 0.10% commission is applied (the minimum charge is €9).

Unlike other brokers, CMC Markets supports up to 10 account currencies, and you can fund your account by credit or debit card, bank wire transfer, or PayPal. They do not charge any fees on deposits or withdrawals. However, if your account has no trading activity for 12 months, you will be charged a monthly inactivity fee of $15.

CMC Markets has its own web platform and mobile app available in many languages, which are highly customisable to fit your needs. Alternatively, you can use the well-known MetaTrader4 (MT4) as well.

As for protection, UK entity accounts are covered up to £85,000, EU clients are covered up to €20,000, and Canadian users up to CAD 1,000,000. On the downside, you won’t be able to invest in real stocks or cryptos.

Forex.com is a global online broker regulated by several top-tier regulatory authorities, such as the NFA and CFTC in the US, the FCA in the UK, the IIROC in Canada, and the FSA in Japan. Additionally, it is a subsidiary of a publicly traded company, StoneX, which makes it a safe broker due to strict requirements regarding its financial information reliability and availability. The Financial Services Compensation Scheme (FSCS) provides UK and EU Forex.com clients asset protection for up to £85,000.

At Forex.com, you can trade over 80 currency pairs, Forex, stocks, indices, commodities, and cryptocurrencies through CFDs. Still, the products and services available will vary depending on your location. For instance, if you live in the UK, you won’t be able to trade crypto CFDs.

Forex.com is flexible when it comes to trading platforms. They offer you three platforms: the two popular MetaTrader platforms, MT4 and MT5, and their exclusive trading platform, which can be accessed through their desktop app, the web, or the mobile application. It offers powerful tools for experienced traders requiring sophisticated functionality and analytic tools.

Forex.com does not charge any commission on depositing or withdrawing funds. The minimum deposit is $100, and you can fund your account through a bank wire transfer, credit or debit card, or Neteller or Skrill. As for pricing, Forex.com offers three accounts with different fee structures, ranging from spread-only to commission-based accounts, with special discounts for large trading volumes.

On the downside, Forex.com charges a monthly inactivity fee of $15 if you don’t trade for 12 months, and, as previously mentioned, they have limited financial instruments in some locations.

IG Group, headquartered in London and listed on the London stock exchange, is one of the oldest and largest financial companies to offer brokerage services. Its primary regulator is the FCA and several other international authorities, such as the ASIC in Australia, the BaFin in Germany, and the FINMA in Switzerland.

IG has some of the most extensive market access, where you can trade over 18,000 financial instruments across several exchanges. If you are new to the financial markets, IG Academy offers excellent free educational content to improve your knowledge and trading skills. Additionally, through their news and analysis section, you can stay updated on market-moving events and get insights from their experts.

You can fund your account using a credit card, debit card, bank transfer, or PayPal. The minimum deposit to open an account varies depending on your country, but it ranges between $/£250 and €300. IG has its own trading platform and allows you to use MT4 if you prefer.

As for safety and protection, it depends on which IG entity you opened your account. For example, UK clients are protected up to £85,000; protection under the Swiss Financial Markets Supervisory Authority is up to CHF100,000; while other EU clients are protected for up to €20,000. Keep in mind that this protection is only in case of IG bankruptcy and is not related to your portfolio’s performance.

Since 2006, eToro has been known for its social trading platform, where you can copy the trades of other successful investors and discuss market news with a huge community of investors. eToro allows users to trade stocks, ETFs, and cryptocurrencies, in addition to CFD products on stocks, indices, currencies, and commodities.

eToro is regulated by three well-trusted regulators: FCA, ASIC, and CySEC. The minimum amount to open an account varies between countries. Still, it is generally $50, with many deposit methods available, like bank wire transfer, debit or credit card, PayPal, Skrill, and Neteller.

eToro developed its web trading platform, which is intuitive and user-friendly for beginners. Finally, the main disadvantage is that USD is the only account currency available. So, you will be charged a conversion fee if you deposit funds in another currency. Additionally, they charge a $5 per withdrawal request and a $10 monthly fee after one year of inactivity.

Read our eToro review here.

XTB is a global CFD broker headquartered in Poland and listed on the Warsaw stock exchange. It is regulated by several European authorities, including the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Polish Financial Supervision Authority (KNF), and the National Securities Market Commission (CNMV) of Spain.

After two decades of operations, XTB has over 495,000 customers who have access to CFDs on indices, commodities, Forex, and cryptocurrencies, while some European clients have access to real stocks and ETFs.

XTB stands out among its peers regarding educational materials and client support. It presents two trading platforms, xStation5 (desktop-based) and xStation (mobile), offering a powerful trading experience for beginners and experienced traders. XTB does not have a minimum deposit requirement, and you can fund your account by a bank wire transfer, credit or debit card, or even by many electronic wallets such as Skrill or Paysafe.

On the negative side, although XTB does not charge a fee on withdrawal amounts greater than €80, they charge a €16 fee for smaller amounts. Additionally, their product portfolio is limited to CFDs and Forex; after 12 months of inactivity, they start charging €10/month.

Read our XTB review for further insights.