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
  • ic markets logo IC Markets - Best ECN European Forex Broker Spreads
  • Markets.com UK Markets.com - Top broker for share dealing in Europe
  • ig markets logo IG - Best European forex broker for beginners
  • XTB UK XTB - Top CFD broker for European forex traders
  • FXCM UK FXCM - Good no commission European forex broker
  • fpmarkets logo FP Markets - Top MetaTrader 4 forex broker in Europe
  • eToro UK eToro - Best social trading platform in Europe

Pepperstone
IC Markets
Markets.com
XTB
FP Markets
Our Rating
9.17
8.83
8.17
7.42
8
79.8% of retail CFD accounts lose money
77% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd
77% of retail investor accounts lose money when trading CFDs with this provider.
80% of retail investor accounts lose money when trading CFDs with this provider.
FP Markets don't provide % of clients who lose money

Regulations and Licenses

Feature
Pepperstone
IC Markets
Markets.com
XTB
FP Markets
FCA (UK)
CYSEC (Cypus)
BaFin (Germany)

Brokerage

Feature
Pepperstone
IC Markets
Markets.com
XTB
FP Markets
EUR/USD Avg. Raw Spread
0.09
0.1
0.3
0.01
GBP/USD Avg. Raw Spread
0.59
0.4
0.6
0.2
EUR/USD Standard Spread
1.09
1.1
0.6
0.7
1.2
Commissions (USD Base)
GBP £2.29 Side-Trip (MetaTrader)
$3.50
SGD 4.50
GBP £3.00
USD $3.00
Commission Rebates
Minimum Deposit
GBP £200
USD $200
$250
£250, €250, $250
$100
Swap Free Account
No Inactivity Fees
Funding Methods
3
15
Wire transfer, Visa, MasterCard, Skrill, Neteller, PayPal
5
8
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
Markets.com
XTB
FP Markets
Currency Pairs
61+
65+
120
48+
61+
Cryptocurrency CFDs
5+
10+
7
9+ (16 cross pairs)
5+
Index CFDs
14+
16+
58
42+
14+
Share CFDs
60+
100+
3312
1750+
12,986+
Commodities CFD
15+
19+
36
22+
4+
Stockbroking
N/A
Retail Max. Leverage
30:1
30:1 (Cysec)
500:1 (ASIC/International)
300:1
30:1
500:1 ASIC
300:1 Europe
Professional Leverage
500:1
500:1
300:1
200:1
500:1

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
Markets.com
XTB
FP Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
(MT4 only)
Social + Copy Trading

Allowed but not supported
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
Cysec Regulation Only

Europe Only
(CySEC only)
Demo Account
Unique Feature 1
Commission rebates for active traders
ECN pricing
Unique Trading Tools
xStation 5 trading platform
Fastest Limit Order Execution Speed
Unique Feature 2
Award Winning Customer Support
No funding fees
Share Dealing
Award winning CFD provider
Low spreads

Overall