Top European Forex Brokers

The best ESMA regulated forex brokers in Europe based on spreads and features are the following.

  • Pepperstone Pepperstone - Top overall forex broker in Europe
  • FP Markets FP Markets - Top MetaTrader 4 forex broker in Europe
  • IC Markets IC Markets - Best ECN European Forex Broker Spreads
  • IG IG - Best European forex broker for beginners
  • XTB XTB - Top CFD broker for European forex traders
  • FXCM FXCM - Good no commission European forex broker
  • eToro eToro - Best social trading platform in Europe

Pepperstone
FP Markets
IC Markets
IG
FXCM
Our Rating
9.33
8.17
8.50
6.67
7.93
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
The vast majority of retail investor accounts lose money when trading CFDs.
77% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd
71% of retail investor accounts lose money when
trading spread bets and CFDs with this provider
66% of retail investor accounts lose money when trading CFDs with this provider
Smart Trader Tools
Fastest Limit Order Execution Speed
No Dealing Desk
Guaranteed stop loss orders
Large range of trading platforms

Regulations and Licenses

Feature
Pepperstone
FP Markets
IC Markets
IG
FXCM
FCA (UK)

Brokerage

Feature
Pepperstone
FP Markets
IC Markets
IG
FXCM
EUR/USD Avg. Raw Spread
0.17
0.20
0.02
0.17
0.30
GBP/USD Avg. Raw Spread
0.59
0.70
0.23
0.59
0.90
AUD/USD Avg. Raw Spread
0.24
0.40
0.17
0.3
0.40
EUR/USD Standard Spread
0.77
1.30
0.62
1.13
1.3
EUR/USD Fixed Spreads
-
Commissions (USD Base)
$3.50
$3.00
$3.50
$3.50
$3.00
Minimum Deposit
$0
$100
$0
$450
$300
Swap Free Account
No Inactivity Fees
Funding Methods
16+
10+
15+
4+
8+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
FP Markets
IC Markets
IG
FXCM
Currency Pairs
62+
63+
61+
100+
42+
Cryptocurrency CFDs*
12+
4+
18+
12+
7+
Index CFDs
14+
14+
16+
34+
13+
Share CFDs
300+
12,986+
100+
12000+
15+
Commodities CFD
9+
7+
26+
35+
12+
Stockbroking
-
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
500:1
500:1
500:1
222:1
500:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
Pepperstone
FP Markets
IC Markets
IG
FXCM
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
Visit Broker > 9.33 SCG, ASIC
FCA, CySEC
0.17 0.59 0.24 85ms $0 62+ 12+ 30:1 500:1
Visit Broker > 8.17 ASIC, CySEC 0.20 0.70 0.40 95ms $100 63+ 4+ 30:1 500:1
Visit Broker > 8.50 ASIC, FSA
CySEC
0.02 0.23 0.17 130ms $0 61+ 18+ 30:1 500:1
Visit Broker > 6.67 ASIC, CySEC
FCA,FMA
0.17 0.59 0.3 140ms $450 100+ 12+ 30:1 200:1
Visit Broker > 7.93 ASIC, FSCA
FCA, IIROC
0.30 0.90 0.40 150ms $300 42+ 7+ 30:1 500:1