ForexBest forex brokers in the EU
EU residents should use a broker company licensed in the EU, usually by CySEC in Cyprus, which can serve clients across the EU. Five of the brokers we review have a CySEC-licensed company.
What EU regulation gives retail clients
Under rules that began as ESMA's 2018 product intervention and are now applied by national regulators, retail CFD and forex clients get leverage caps of 30:1 on major currency pairs and 20:1 on other pairs, a 50% margin close-out rule, negative balance protection and a standard risk warning showing the share of the firm's retail accounts that lose money.
CySEC-licensed firms are also members of Cyprus's Investor Compensation Fund, which can pay eligible clients up to €20,000 if a firm fails. Check the licence on CySEC's register before you deposit, and see how to check a legal entity.
Minimum deposits for EU accounts
Minimum deposits and some fees differ between a broker's EU company and its global company. The figures in our reviews are for the entity named in each review, so confirm the EU terms on the broker's EU website before you open an account.
Brokers we review that do not take EU retail clients this way
Exness states that its CySEC entity does not serve retail clients. IG, OANDA and FxPro serve EU clients through their own arrangements, which we have not verified for this list. Joining an offshore entity from the EU means losing the protections above.
How we chose. These shortlists use published terms only: costs, minimum deposit, platforms and the regulator of the entity you would join. We have not ranked brokers on scores, and the order is not a recommendation for your circumstances. Read our methodology and affiliate disclosure.
CFDs and leveraged forex are complex and carry a high risk of losing money rapidly. Most retail accounts lose money. Only trade with money you can afford to lose.