Best Forex Brokers for Beginners in Europe 2026
Starting out in forex trading can be overwhelming. The brokers below are ranked on educational depth, customer support quality, platform onboarding, and low minimum deposit requirements. Each one is fully EU-regulated — ESMA protections including negative balance protection and leverage caps apply to retail accounts.
Last verified: May 2026
| # ▲▼ | Broker ▲▼ | Score ▲▼ | Min Deposit ▲▼ | EUR/USD ▲▼ | Max Leverage ▲▼ | Regulators ▲▼ | Platforms ▲▼ | Action |
|---|---|---|---|---|---|---|---|---|
| 1 |  Exness★ | 9.4 | $10 | 0.0 pips (Raw), 0.3 pips (Pro), 1.0 pips (Standard) | 30:1 | CySECCyprusFCAUKFSASeychelles | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness App | Visit 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. |
| 2 |  Pepperstone | 9.4 | None | 0.0 pips (Razor), 0.69 pips (Standard) | 30:1 | BaFinGermanyCySECCyprusFCAUKASICAustralia | MetaTrader 4, MetaTrader 5, cTrader, TradingView | Visit 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. |
| 3 |  IG | 9.2 | None | 0.6 pips average | 30:1 | BaFinGermanyFCAUKASICAustralia | IG Platform, MetaTrader 4, ProRealTime, L2 Dealer, TradingView | Visit 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. |
| 4 |  Interactive Brokers | 9.1 | None | 0.1 pips (average with commission) | 30:1 | SECUSAFCAUKCBIIrelandMNBHungary | Trader Workstation (TWS), IBKR Mobile, IBKR GlobalTrader, Client Portal | Visit 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. |
| 5 |  Saxo Bank | 9.0 | None | 0.6 pips (Platinum), 0.8 pips (Classic) | 30:1 | Danish FSADenmarkFCAUKASICAustralia | SaxoTraderGO, SaxoTraderPRO, SaxoInvestor | Visit 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. |
| 6 |  CMC Markets | 8.9 | None | 0.7 pips average | 30:1 | BaFinGermanyFCAUKASICAustralia | Next Generation Platform, MetaTrader 4 | Visit 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. |
| 7 |  Trading 212 | 8.9 | €1 | 0.9 pips average | 30:1 | FCAUKCySECCyprusFSCBulgaria | Trading 212 Web, Trading 212 App | Visit 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. |
| 8 |  Swissquote | 8.8 | $1000 | 1.3 pips (Standard), 0.6 pips (Elite) | 30:1 | FINMASwitzerlandFCAUKSFCHong Kong | Swissquote Platform, MetaTrader 4, MetaTrader 5 | Visit 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. |
| 9 |  XM | 8.7 | $5 | 0.6 pips (Ultra Low), 1.6 pips (Standard) | 30:1 | CySECCyprusASICAustraliaIFSCBelize | MetaTrader 4, MetaTrader 5, XM App | Visit 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. |
| 10 |  AvaTrade | 8.7 | €100 | 0.9 pips typical | 30:1 | Central Bank of IrelandIrelandCySECCyprusASICAustraliaFSCASouth AfricaFSAJapan | MetaTrader 4, MetaTrader 5, AvaTradeGO, WebTrader, AvaOptions, AvaSocial | Visit 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. |
| 11 |  BlackBull Markets | 8.7 | None | 0.0 pips (ECN Prime), 0.8 pips (Standard) | 30:1 | FMANew ZealandFSASeychelles | MetaTrader 4, MetaTrader 5, cTrader, TradingView | Visit 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. |
| 12 |  Capital.com | 8.6 | €20 | 0.6 pips average | 30:1 | FCAUKCySECCyprusASICAustralia | Capital.com Platform, Capital.com App, MetaTrader 4, TradingView | Visit 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. |
| 13 |  OANDA | 8.6 | None | 0.6 pips average | 30:1 | FCAUKASICAustraliaNFAUSA | OANDA Platform, MetaTrader 4, MetaTrader 5, TradingView | Visit 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. |
| 14 |  eToro | 8.5 | $50 | 1.0 pips | 30:1 | CySECCyprusFCAUKASICAustralia | eToro Platform, eToro App | Visit 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. |
| 15 |  Tickmill | 8.5 | €100 | 0.0 pips (Raw), 1.6 pips (Classic) | 30:1 | CySECCyprusFCAUKFSASeychelles | MetaTrader 4, MetaTrader 5, Tickmill App | Visit 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. |
| 16 |  FxPro | 8.5 | $100 | 0.0 pips (Raw+), 1.2 pips (Standard) | 30:1 | FCAUKCySECCyprusFSCASouth Africa | MetaTrader 4, MetaTrader 5, cTrader, FxPro Platform | Visit 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. |
| 17 |  RoboForex | 8.4 | $10 | 0.0 pips (Prime, ECN), 1.3 pips (Pro-Standard) | 30:1 (EU entity) | FSCBelizeCySECCyprus | MetaTrader 4, MetaTrader 5, cTrader, R StocksTrader, R WebTrader, R MobileTrader | Visit 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. |
| 18 |  Axi | 8.4 | None | 0.0 pips (Pro), 1.0 pips (Standard) | 30:1 | FCAUKASICAustraliaDFSADubai | MetaTrader 4, Axi Copy Trading App | Visit 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. |
| 19 |  Forex.com | 8.4 | $100 | 0.0 pips (Raw), 1.0 pips (Standard) | 30:1 | CySECCyprusFCAUKNFAUSAASICAustralia | Forex.com Platform, MetaTrader 4, MetaTrader 5, TradingView | Visit 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. |
| 20 |  Eightcap | 8.4 | $100 | 0.0 pips (Raw), 1.0 pips (Standard) | 30:1 | ASICAustraliaFCAUKCySECCyprus | MetaTrader 4, MetaTrader 5, TradingView | Visit 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. |
| 21 |  Admirals | 8.2 | €25 | 0.0 pips (Zero), 0.5 pips (Trade) | 30:1 | CySECCyprusFCAUKFSAEstonia | MetaTrader 4, MetaTrader 5, MetaTrader Supreme Edition, SteamTrader | Visit 72% of retail CFD accounts lose money. |
| 22 |  ThinkMarkets | 8.2 | None | 0.0 pips (ThinkZero), 0.4 pips (Standard) | 30:1 | FCAUKASICAustraliaFSCASouth Africa | ThinkTrader, MetaTrader 4, MetaTrader 5 | Visit 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. |
| 23 |  FXCM | 8.1 | $50 | 0.2 pips (Active Trader), 1.3 pips (Standard) | 30:1 | FCAUKASICAustralia | Trading Station, MetaTrader 4, TradingView, ZuluTrade | Visit 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. |
| 24 |  Plus500CFDs only | 8.1 | €100 | 0.8 pips typical | 30:1 | CySECCyprusFCAUKASICAustralia | Risk-free demo account, Plus500 Platform, Plus500 App | Visit 80% of retail CFD accounts lose money. |
CySEC
FCA
FSA
BaFin
ASIC
SEC
CBI
MNB
Danish FSA
FSC
FINMA
SFC
IFSC
Central Bank of Ireland
FSCA
FMA
NFA
DFSA- * Plus500: Plus500 offers a risk-free demo account that is suitable for new traders learning how CFD trading works.
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CFD 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.
This website is for informational purposes only. The content does not constitute investment advice. Trading leveraged products carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. EU retail leverage limits apply (ESMA): up to 30:1 on major FX pairs, 20:1 on minor FX, 20:1 on major indices, 10:1 on commodities, 5:1 on equities, 2:1 on crypto.