Best Forex Brokers European

Adam Rosen - Lead financial writer

Updated 30-Sep-2024

European Forex Brokers

European Forex brokers have seen huge growth over the last 2 years. European traders have been attracted to Forex markets and European Forex trading platforms.

European Forex trading has always been popular but the advent of modern internet driven European Forex trading platforms and European Forex trading apps that work on mobile phones and tablet devices. Never before have European Forex traders found trading global Forex markets more accessible.

The largest European Forex brokers accept clients from several countries and provide European Forex traders with trading access to worldwide financial markets not just Forex.

  • IC Markets Forex Broker European

    Visit IC Markets

    🀴 IC Markets is Used By: 180,000
    ⚑ IC Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)

    πŸ’΅ What You Can Trade with IC Markets: Forex, Majors, Energies, Metals, Agriculturals,
    πŸ’΅ Instruments Available with IC Markets: 232

    πŸ“ˆ IC Markets Inactivity Fees: No
    πŸ’° IC Markets Withdrawal Fees: No
    πŸ’° IC Markets Payment Methods: Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,

    IC Markets Risk warning : Losses can exceed deposits

  • AvaTrade Forex Broker European

    Visit AvaTrade

    🀴 AvaTrade is Used By: 200,000
    ⚑ AvaTrade is Regulated by: Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)

    πŸ’΅ What You Can Trade with AvaTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds,
    πŸ’΅ Instruments Available with AvaTrade: 1000

    πŸ“ˆ AvaTrade Inactivity Fees: No
    πŸ’° AvaTrade Withdrawal Fees: No
    πŸ’° AvaTrade Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, WebMoney, Payoneer,

    AvaTrade Risk warning : 71% of retail CFD accounts lose money

  • FP Markets Forex Broker European

    Visit FP Markets

    🀴 FP Markets is Used By: 10,000
    ⚑ FP Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority (St. Vincent and the Grenadines)

    πŸ’΅ What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
    πŸ’΅ Instruments Available with FP Markets: 100

    πŸ“ˆ FP Markets Inactivity Fees: No
    πŸ’° FP Markets Withdrawal Fees: No
    πŸ’° FP Markets Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer,

    FP Markets Risk warning : Losses can exceed deposits

  • XTB Forex Broker European

    Visit XTB

    🀴 XTB is Used By: 250,000
    ⚑ XTB is Regulated by: Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comision Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa

    πŸ’΅ What You Can Trade with XTB: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs,
    πŸ’΅ Instruments Available with XTB: 4000

    πŸ“ˆ XTB Inactivity Fees: Yes
    πŸ’° XTB Withdrawal Fees: No
    πŸ’° XTB Payment Methods: Credit cards, MasterCard, Maestro, Visa, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, Poli, Paysafe, Payoneer,

    XTB Risk warning : 76% - 83% 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.

  • Pepperstone Forex Broker European

    Visit Pepperstone

    🀴 Pepperstone is Used By: 89,000
    ⚑ Pepperstone is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217

    πŸ’΅ What You Can Trade with Pepperstone: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
    πŸ’΅ Instruments Available with Pepperstone: 100

    πŸ“ˆ Pepperstone Inactivity Fees: Yes
    πŸ’° Pepperstone Withdrawal Fees: No
    πŸ’° Pepperstone Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, BPAY, POLi, UnionPay, FasaPay, QIWI, Payoneer,

    Pepperstone Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

  • XM Forex Broker European

    Visit XM

    🀴 XM is Used By: 10,000,000
    ⚑ XM is Regulated by: Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)

    πŸ’΅ What You Can Trade with XM: Forex, Stock CFDs, Commodity CFDs, Minors, Majors, Exotics, Equity Indices CFD, Energies CFD, Precious Metals
    πŸ’΅ Instruments Available with XM: 1000

    πŸ“ˆ XM Inactivity Fees: Yes
    πŸ’° XM Withdrawal Fees: No
    πŸ’° XM Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, FasaPay, CashU, Payza, QIWI, SOFORT, Giropay, Payoneer, Skrill,

    XM Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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.

  • eToro Forex Broker European

    Visit eToro

    🀴 eToro is Used By: 20,000,000
    ⚑ eToro is Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)

    πŸ’΅ What You Can Trade with eToro: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs,
    πŸ’΅ Instruments Available with eToro: 2000

    πŸ“ˆ eToro Inactivity Fees: Yes
    πŸ’° eToro Withdrawal Fees: Yes
    πŸ’° eToro Payment Methods: Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, eWallets,

    eToro Risk warning : 51% of retail investor accounts lose money when trading CFDs with this provider.

  • FXPrimus Forex Broker European

    Visit FXPrimus

    🀴 FXPrimus is Used By: 10,000
    ⚑ FXPrimus is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC)

    πŸ’΅ What You Can Trade with FXPrimus: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals,
    πŸ’΅ Instruments Available with FXPrimus: 130

    πŸ“ˆ FXPrimus Inactivity Fees: No
    πŸ’° FXPrimus Withdrawal Fees: Varies
    πŸ’° FXPrimus Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay,

    FXPrimus Risk warning : Losses can exceed deposits

  • easyMarkets Forex Broker European

    Visit easyMarkets

    🀴 easyMarkets is Used By: 142,500
    ⚑ easyMarkets is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)

    πŸ’΅ What You Can Trade with easyMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, Agriculturals, Options,
    πŸ’΅ Instruments Available with easyMarkets: 200

    πŸ“ˆ easyMarkets Inactivity Fees: No
    πŸ’° easyMarkets Withdrawal Fees: No
    πŸ’° easyMarkets Payment Methods: Credit cards, MasterCard, Maestro, American Express, JCB, Astropay, Debit cards, Bank Transfer, SOFORT, GiroPay, iDeal, Bpay, Electronic wallets (eWallets), Skrill, Neteller, WebMoney, UnionPay, WeChatPay, FasaPay, STICPAY,

    easyMarkets Risk warning : Your capital is at risk

  • Trading 212 Forex Broker European

    Visit Trading 212

    🀴 Trading 212 is Used By: 15,000,000
    ⚑ Trading 212 is Regulated by: Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)

    πŸ’΅ What You Can Trade with Trading 212: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, ETFs, Bonds,
    πŸ’΅ Instruments Available with Trading 212: 10000

    πŸ“ˆ Trading 212 Inactivity Fees: No
    πŸ’° Trading 212 Withdrawal Fees: No
    πŸ’° Trading 212 Payment Methods: Credit cards, MasterCard, VISA, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Skrill, Dotpay, Carte Bleue, Direct eBanking, Apple Pay, Google Pay, iDeal, Giropay,

    Trading 212 Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

  • Admiral Markets Forex Broker European

    Visit Admiral Markets

    🀴 Admiral Markets is Used By: 10,000
    ⚑ Admiral Markets is Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Jordan Securities Commission (JSC)

    πŸ’΅ What You Can Trade with Admiral Markets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, ETFs, Bonds,
    πŸ’΅ Instruments Available with Admiral Markets: 148

    πŸ“ˆ Admiral Markets Inactivity Fees: No
    πŸ’° Admiral Markets Withdrawal Fees: No
    πŸ’° Admiral Markets Payment Methods: Credit cards, Visa, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, SOFORT, Safety Pay, Przelewy, iDEAL, Klarna,

    Admiral Markets Risk warning : Losses can exceed deposits

  • SpreadEx Forex Broker European

    Visit SpreadEx

    🀴 SpreadEx is Used By: 10,000
    ⚑ SpreadEx is Regulated by: Financial Conduct Authority (FCA)

    πŸ’΅ What You Can Trade with SpreadEx: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds, Options, Treasuries,
    πŸ’΅ Instruments Available with SpreadEx: 15000

    πŸ“ˆ SpreadEx Inactivity Fees: No
    πŸ’° SpreadEx Withdrawal Fees: 0, minimum £50
    πŸ’° SpreadEx Payment Methods: Credit cards, VISA, Switch, Maestro, Debit cards, Bank Transfer, Payoneer,

    SpreadEx Risk warning : Losses can exceed deposits

  • Swissquote Forex Broker European

    Visit Swissquote

    🀴 Swissquote is Used By: 300,000
    ⚑ Swissquote is Regulated by: Swiss Financial Market Supervisory Authority (FINMA), Commission de Surveillance du Secteur Financier (CSSF), Financial Conduct Authority, Dubai Financial Services Authority (DFSA), Hong Kong Securities and Futures Commission (SFC), Monetary Authority of Singapore (MAS)

    πŸ’΅ What You Can Trade with Swissquote: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Bonds,
    πŸ’΅ Instruments Available with Swissquote: 100

    πŸ“ˆ Swissquote Inactivity Fees: No
    πŸ’° Swissquote Withdrawal Fees: $10
    πŸ’° Swissquote Payment Methods: Credit cards, Debit cards, Bank Transfer, Payoneer,

    Swissquote Risk warning : Losses can exceed deposits

  • ThinkMarkets Forex Broker European

    Visit ThinkMarkets

    🀴 ThinkMarkets is Used By: 500,000
    ⚑ ThinkMarkets is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Financial Sector Conduct Authority (FSCA), Financial Services Authority Seychelles (FSA), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Firm Reference Number SD060

    πŸ’΅ What You Can Trade with ThinkMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
    πŸ’΅ Instruments Available with ThinkMarkets: 1500

    πŸ“ˆ ThinkMarkets Inactivity Fees: Yes
    πŸ’° ThinkMarkets Withdrawal Fees: No
    πŸ’° ThinkMarkets Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, BitPay,

    ThinkMarkets Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% 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

  • HYCM Forex Broker European

    Visit HYCM

    🀴 HYCM is Used By: 10,000
    ⚑ HYCM is Regulated by: Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048

    πŸ’΅ What You Can Trade with HYCM: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, Energies, Metals, Agriculturals,
    πŸ’΅ Instruments Available with HYCM: 100

    πŸ“ˆ HYCM Inactivity Fees: Yes
    πŸ’° HYCM Withdrawal Fees: No
    πŸ’° HYCM Payment Methods: Credit cards, Debit cards, Bank Transfer, PayPal, WebMoney, Payoneer,

    HYCM Risk warning : Losses can exceed deposits

  • Axi Forex Broker European

    Visit Axi

    🀴 Axi is Used By: 10,000
    ⚑ Axi is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA), Financial Service Authority of St. Vincent and the Grenadines (FSA)

    πŸ’΅ What You Can Trade with Axi: Forex, Minors, Cryptocurrencies, Majors, Exotics,
    πŸ’΅ Instruments Available with Axi: 100

    πŸ“ˆ Axi Inactivity Fees: No
    πŸ’° Axi Withdrawal Fees: No
    πŸ’° Axi Payment Methods: Credit cards, Debit cards, Bank Transfer, Neteller, BPAY, UnionPay, Payoneer,

    Axi Risk warning : Losses can exceed deposits

  • Markets.com Forex Broker European

    Visit Markets.com

    🀴 Markets.com is Used By: 4,000,000
    ⚑ Markets.com is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), BVI Financial Services Commission (BVI FSC)

    πŸ’΅ What You Can Trade with Markets.com: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, Bonds,
    πŸ’΅ Instruments Available with Markets.com: 2200

    πŸ“ˆ Markets.com Inactivity Fees: Yes
    πŸ’° Markets.com Withdrawal Fees: No
    πŸ’° Markets.com Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Skrill, Neteller, PayPal,

    Markets.com Risk warning : 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

  • ForexMart Forex Broker European

    Visit ForexMart

    🀴 ForexMart is Used By: 10,000
    ⚑ ForexMart is Regulated by: Cyprus Securities and Exchange Commission (CySEC)

    πŸ’΅ What You Can Trade with ForexMart: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, ETFs, Bonds,
    πŸ’΅ Instruments Available with ForexMart: 111

    πŸ“ˆ ForexMart Inactivity Fees: No
    πŸ’° ForexMart Withdrawal Fees: 5
    πŸ’° ForexMart Payment Methods: Bank Transfer, Visa, MasterCard, Skrill, Neteller, PayCo, fasaPay, Qiwi, Union Pay, AliPay,

    ForexMart Risk warning : Your capital is at risk

  • FxPro Forex Broker European

    Visit FxPro

    🀴 FxPro is Used By: 1,866,000
    ⚑ FxPro is Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)

    πŸ’΅ What You Can Trade with FxPro: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals,
    πŸ’΅ Instruments Available with FxPro: 430

    πŸ“ˆ FxPro Inactivity Fees: Yes
    πŸ’° FxPro Withdrawal Fees: No
    πŸ’° FxPro Payment Methods: Bank, Wire Transfers, Credit cards, Debit Cards, Visa, Maestro, MasterCard, American Express, eWallets, PayPal, Skrill, Neteller, UnionPay

    FxPro Risk warning : 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider

  • Eightcap Forex Broker European

    Visit Eightcap

    🀴 Eightcap is Used By: 10,000
    ⚑ Eightcap is Regulated by: Australian Securities and Investments Commission (ASIC), Vanuatu Financial Services Commission (VFSC)

    πŸ’΅ What You Can Trade with Eightcap: Forex, Minors, Majors, Exotics, Indices, Energies, Metals,
    πŸ’΅ Instruments Available with Eightcap: 100

    πŸ“ˆ Eightcap Inactivity Fees: No
    πŸ’° Eightcap Withdrawal Fees: Yes
    πŸ’° Eightcap Payment Methods: Credit cards, Debit cards, Bank Transfer, POLi, UnionPay, Payoneer,

    Eightcap Risk warning : Losses can exceed deposits

What Is a European Forex Broker?

Forex brokers are companies that act as the middleman between you, the individual or business wanting to trade currencies, and the various Forex exchanges around the world. Forex brokers provide a platform for individuals and businesses to trade Forex currencies with other people in different countries at any time of day.

Some European Forex brokers are subsidiaries of larger financial organisations that offer stocks, commodities, cryptocurrencies, CFD trading as well as Forex trading to European traders. Others European Forex brokers are small companies or individuals who specialise in foreign exchange trading for European residents.

Available Currency Pairs For European Forex Traders

Major currency pairings are covered by most European Forex brokers, while minor and exotic currency pairs are not always available on all European Forex trading platforms. If you want greater access to the global Forex markets make sure your European Forex broker offers a wide range of major, minor and exotic currency pairs to trade.

Major Currency Pairs on European Forex Trading Platforms

Major Currency pairs represent the largest or most liquid markets in the world. Major currency pairs and are traded by European and international banks, fund managers, retail Forex traders and professional Forex investors. The major currency pairs include EUR/USD, GBP/USD, AUD/USD, NZD/USD.

Major Forex Currency pairs On European Trading Platforms
British pound/US dollarGBP/USD
Euro/US dollarEUR/USD
US dollar/Japanese yenUSD/JPY
US dollar/Swiss francUSD/CHF
US dollar/Canadian dollarUSD/CAD
Australian dollar/US dollarAUD/USD
New Zealand dollar/US dollarNZD/USD

Minor Currency Pairs on European Forex Trading Platforms

Minor pairs are those that do not contain the US Dollar. Cross-currency pairs are another name for them.

Minor Forex Currency pairs On European Trading Platforms
Euro / British poundEUR/GBP
Euro / SwitzerlandEUR/CHF
Euro / Canadian DollarEUR/CAD
Euro / Australian dollarEUR/AUD
Euro / New ZealandEUR/NZD
Euro / JapaneseEUR/JPY
British pound / SwitzerlandGBP/CHF
British pound / Japanese yenGBP/JPY
British pound / AustraliaGBP/AUD
British pound / Canadian DollarGBP/CAD
British pound / New ZealandGBP/NZD
Swiss franc / Japanese yenCHF/JPY
New Zealand dollar / Japanese yenNZD/JPY
Australia / Japanese yenAUD/JPY
Canadian Dollar / Japanese yenCAD/JPY

Exotic Currency Pairs on European Forex Trading Platforms

Exotic currency pairs comprise all other combinations that do not fall under any other category such as cross or exotic pair. In general, these are low-volume markets due to less popularity amongst traders because of their relative obscurity. However, they provide exciting opportunities for high returns which can't be achieved otherwise by trading in major pairs like EUR/JPY or USD/CHF etc. Some examples of these are DKKUSD (Danish Krone against US Dollar) or BWPUSD (Botswana Pula against US dollar).

Exotic Currency pairs On European Forex Trading Platforms
British pound / South African randGBP/ZAR
Japanese yen / Norwegian kroneJPY/NOK
New Zealand dollar / Singapore dollarNZD/SGD
United States Dollar / Hong Kong dollarUSD/HKD
Australian dollar / Mexican pesoAUD/MXN
United States Dollar / Hong KongUSD/HKD
United States Dollar / SingaporeUSD/SGD
United States Dollar / MexicoUSD/MXN
United States Dollar / DenmarkUSD/DKK
United States Dollar / SwedenUSD/SEK
United States Dollar / South AfricaUSD/ZAR
United States Dollar / ThailandUSD/THB
Euro / Turkish liraEUR/TRY

Opening a European Forex Trading Account

  • Choose a European Forex broker that suits your needs and Forex trading strategy. Research your options to find the online provider that offers all the features you want at an affordable price.
  • Register with your European Forex Broker and verify your account.
  • Fund your European Forex Trading Account
  • Research Forex currency pairs on your European Forex trading platform.
  • Place a buy or sell order with your prefered European Forex broker.

European Forex Brokers Leverage

Many modern European Forex brokers offer European traders leveraged Forex trading using Forex CFDs. Before considering Forex leveraged trades make sure you fully understand what you are doing. Forex CFD trading is considered very high risk.

European Leveraged Forex trading, allows European traders to borrow money from a European Forex broker in order to trade at greater exposure to the financial markets then their deposited amount. Clearly understand that you are not trading really currency assets with your European Forex broker. A Forex CFD trade is purely a speculative trade on the up or down price movements of a specific currency pair, with your chosen European Forex broker.

Some European Forex brokers offer leverage of 1:5 to 1:500. A leverage of 1:5 from a European Forex broker allows a European trader to trade 5 times the margin amount. This is of course high risk and should only be used by experienced traders. If your European Forex account goes negative you may lose more than you deposited amount.

How European Forex Brokers Make Money

European Forex Brokers earn money by charging fees and commissions to European Forex traders for every buy / sell action performed on their European Forex trading platforms. Other European Forex brokers make money by marking up the prices of currency assets European Forex traders can trade.

European Forex Spreads

Spread, or the difference between the buying and selling price of a currency pair, is how most European Forex brokers generate money. Forex spreads are measured in pips.

European Variable Spread Forex Brokers

Variable spreads simply pass on the best bid and offer prices available at the time, with the amount of variability varying depending on the item traded and the European Forex broker utilised. Variable spreads are frequently less expensive than fixed spreads, particularly during periods of high liquidity.

European Fixed Spread Forex Brokers

Fixed spreads, unlike variable spreads, are determined by the European Forex broker and remain constant regardless of market conditions or volatility. You pay the spread that is given to you by your European Forex broker.

Forex Broker Education European

What ever level of trader you are always check what educational resources your European Forex broker offers. Many of the larger more established European Forex brokers offer guides, podcasts, webinars, online videos and courses to their registered European traders.

European Forex traders must understand, trading the international currency markets is not easy. The European and global currency markets can be volatile. Trading education helps European Forex traders limit and mitigate risk, understand European and global market trends to spot opportunities to buy and sell your currency pairs.

Regulation of European Forex Brokers

It is of up most importance that you only trade with well regulated European Forex brokers.

European Forex financial market authorities and financial regulators establish very strict rules that European Forex brokers must follow in order to be able to legally offer their European Forex broker services to European Forex traders. These rules safeguard European investors and keep everything in above board, making European Forex trading safer.

European Forex brokers records and general affairs are scrutinised by financial regulators to verify that they adhere to all financial and ethical standards.

Verifying a European Forex Brokers Regulation

When shortlisting European Forex brokers you must verify that your European Forex broker is regulated and licensed to offer Forex trading services to European Forex traders. European Forex trading license verification can be found on the financial regulators website. You should see a regulator license number that you can check on the main financial regulators website.

A European Forex broker that holds regulation with Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) is good.

European Forex Broker Advantages

  • Forex is the worlds largest global market by volume.
  • European traders are able to trade various global Forex markets 24 hours a day.
  • Modern European Forex broker trading platforms have low transaction costs.
  • European Forex brokers offer trading currency pairs using leveraged trading. Please note trading using leverage is very high risk.
  • The Global and European Forex market has many trading making the Forex markets have high liquidity. With higher liquidity it is easier to buy and sell currency pairs.
  • The European and global Forex markets have high volatility which suits a higher risk day trading strategy.
  • European Forex brokers offer a wide range of global currency pairs to trade.

European Forex Broker Risks

  • As European and global Forex markets are open 24 hours a day, so is your exposure to risk, if you have an open position.
  • European Forex Markets can have low volatility at times. If the markets have little movement and you have leveraged currency positions your trades may be at risk.
  • European Forex traders can face high risks when over leveraging currency pair trades. If a leveraged trade does not go in your favour you may lose more than your deposited amount.
  • European Forex traders are also at risk from highly volatile Forex markets. It is essential to set stop loss and limit orders to reduce loss from wide sudden price movements.

What Are European Forex Broker Scams?

European Forex scams are committed by unregulated often remotely offshore companies who offer get rich schemes to European Forex traders, automated Forex get rich programs, European Forex signal sellers. They take advantage of inexperienced European Forex traders who do not know how the financial markets work by offering them unrealistic gains, or by making European Forex trading seem easy if you use their service or tools.

European Forex trading is very complicated and it takes time to learn how to use the Forex technical analysis tools and monitor Forex trends on global markets.

European Forex scams occur when a broker offers unrealistic returns on investments or intentionally manipulates prices in order to make trades seem more profitable than they actually are. The best way to avoid being scammed is to understand how European Forex trading works and avoid things that sound too good to be true. Only sign up with a European Forex broker is regulated by a major European financial regulator, like the FCA, or CySEC.


Best European Forex Broker Reviews

If European isn’t quite what you are looking for you can check out some of the best European alternatives below.

Best European Forex Brokers Alternatives Guides

If you would like to see European compared against some of the best European Forex Broker alternatives available right now you can do so by clicking on the links below.