10 Best European Forex Brokers in Comparison (List 2026)

Compare Europe’s top forex brokers with WR Trading’s data-driven testing and research. A European forex broker is a regulated financial company that enables traders across the EU and EEA to buy and sell global currencies such as the euro, dollar, and pound directly on secure trading platforms. 

These brokers operate under licenses from top European authorities like CySEC, BaFin, or the FCA, following MiFID II and ESMA rules that guarantee transparent pricing, client fund protection, and fair market access.

We personally tested and reviewed each broker under real trading conditions, evaluating spreads, commissions, execution speed, leverage, platform performance, education quality, and funding reliability to identify those delivering the best experience for European traders.

These are the Top 10 Forex Brokers for traders in Europe in 2026:

Broker:

EU Regulation:

Advantages:

Account:

Broker:

1. Capital.com

12345

4.7

› Read more details

EU Regulation:

Yes (e.g. CySEC)

Advantages:

• Multiple regulations
• Leverage up to 1:30
• No Commission
• High liquidity and fast execution
• 3,000+ tradable assets
• TradingView, MetaTrader 4

Account:

› Visit The Broker (Risk Warning: Your capital can be at risk)

Broker:

2. Pepperstone

12345

4.8

› Read more details

EU Regulation:

Yes (e.g. BaFin, FCA, CySEC)

Advantages:

• Tier-1 Regulated Broker
• Spreads from 0.0 Pips
• Leverage up to 1:500 (1:30 EU)
• Low Commission from 3$/1 Lot
• High liquidity and fast execution
• TradingView, MT4/5, cTrader

Account:

› Visit The Broker (Risk Warning: Your capital can be at risk)

Broker:

3. eToro

12345

4.2

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EU Regulation:

Yes (e.g. CySEC, FCA)

Advantages:

• $50 Minimum Deposit
• Zero commission for real stocks and ETF trades, 1% on cryptos
• 5,000+ Markets
• Copy Trading available
• eToro investing platform and app
• Multiple regulations (FCA, CySEC, & more)

Account:

› Visit The Broker (Risk Warning: Your capital can be at risk)

Broker:

4. Libertex

12345

4.8

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EU Regulation:

Yes (e.g. CySEC)

Advantages:

• More than 350 tradable assets
• Spreads from 0.1 Pips
• Leverage up to 1:30
• Demo Account
• $50 Minimum Deposit
• CySEC regulated
• Libertex Platform, MT4/MT5

Account:

› Visit The Broker (Risk Warning: 80% Of Retail CFD Accounts Lose Money)

Broker:

5. XM

12345

4.6

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EU Regulation:

Yes (e.g. FCA)

Advantages:

• Multiple regulated
• Spreads from 0.0 Pips
• Leverage up to 1:500 (1:30 EU)
• Low Commission from 2$/1 Lot
• Personal support
• MT4, MT5

Account:

› Visit The Broker (Risk Warning: Your capital can be at risk)

Broker:

6. Tickmill

12345

4.7

› Read more details

EU Regulation:

Yes (e.g. FCA, CySEC)

Advantages:

• Regulated by multiple authorities
• Spreads from 0.0 Pips
• Leverage up to 1:500 for professionals
• Commission from $2 per lot
• Fast execution (0.15 sec)
• MT4, MT5, Tickmill App

Account:

› Visit The Broker (Risk Warning: Your capital can be at risk)

Broker:

7. IG

12345

4.9

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EU Regulation:

Yes (e.g. BaFin)

Advantages:

• ECN/STP Accounts
• Spreads from 0.0 Pips
• Leverage up to 1:30
• Low Spreads
• High liquidity and fast execution
• MT4, Professional Platforms Available

Account:

› Visit The Broker (Risk Warning: Your capital can be at risk.)

Broker:

8. XTB

12345

4.7

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EU Regulation:

Yes (e.g. CySEC)

Advantages:

• Regulated by multiple authorities
• Spreads from 0.0 Pips
• Leverage up to 1:200
• Commission from 0% per lot
• 2,100+ tradable assets
• xStation 5, xStation Mobile

Account:

› Visit The Broker (Risk Warning: Your capital can be at risk)

Broker:

9. FP Markets

12345

5

› Read more details

EU Regulation:

Yes (e.g. CySEC)

Advantages:

• 5x regulated broker
• Spreads from 0.0 Pips
• More than 10,000 markets
• Leverage up to 1:500 (1:30 EU)
• Low Commission from 3$/1 Lot
• High liquidity and fast execution
• TradingView, MT4/5, cTrader, IRRES

Account:

› Visit The Broker (Risk Warning: Your capital can be at risk)

Broker:

10. ActivTrades

12345

4.7

› Read more details

EU Regulation:

Yes (e.g. FCA)

Advantages:

• No Minimum Deposit
• Spreads from 0.5 Pips
• Leverage up to 1:30
• Low Commissions from $1 per side on Shares
• MT4, MT5, ActivTrader, TradingView

Account:

› Visit The Broker (Risk Warning: Your capital can be at risk.)

List of the Best European Regulated Forex Brokers:

When selecting a forex broker, regulation and reliability are key factors to consider. The following brokers are European regulated and offer unique features to accommodate different trading needs. At WR Trading, we have reviewed each broker to highlight their strengths and benefits, providing insights to help you choose the right broker for your trading activities.

1. Capital.com – Best overall for AI-driven insights

Capital.com offers a trading environment built around innovation, education, and accessibility, making it our top forex trading platform at WR Trading, rated 5/5. Regulated by CySEC for European clients, it provides a transparent and secure structure under the EU’s MiFID II standards. The broker lists more than 125 forex pairs with 30:1 leverage and operates on a zero-commission pricing model, with costs fully reflected in the spread.

We were impressed by its web and mobile platforms, which are equipped with AI-driven analysis tools that help traders identify potential biases and errors in their trading behavior. Charting and technical features are powered by TradingView, allowing users to access drawing tools, trend indicators, and custom setups without leaving the platform.

Capital.com also delivers a comprehensive learning hub filled with interactive lessons, tutorials, and strategy guides dedicated to forex markets. However, the platform is more focused on beginner traders than on the needs of experts, and not all account types have API access.

2. Pepperstone

Pepperstone has earned our 2nd spot at WR Trading as a top European forex broker for combining advanced technology with competitive pricing. The broker operates under CySEC and FCA regulation, giving traders the benefit of European investor protection and full compliance with MiFID II standards. It provides a true ECN-style trading environment where spreads on major currency pairs start from 0.0 pips, offering low fees that suit day traders and long-term investors.

EU Forex traders benefit from the broker’s extensive platform lineup, which includes MetaTrader 4, MetaTrader 5, cTrader, and TradingView. We tested each platform and found that they support advanced charting tools, automated strategies, and customizable indicators, creating an environment where traders can execute strategies with high accuracy. Order execution speeds average below 30 milliseconds, ensuring minimal slippage even during high-volatility news events.

Pepperstone also integrates deep liquidity from top-tier banks and financial institutions, which helps maintain stable pricing during periods of heavy market activity. Traders can choose between Standard and Razor accounts depending on their strategy. We prefer the Razor account, which is ideal for active forex traders who rely on low spreads and transparent commission structures.

3. eToro

eToro is our 3rd best option because it has become one of the most recognizable names in European forex trading, thanks to its unique social platform, strong regulatory foundation under CySEC and the FCA, as well as a huge community of over 40 million users. The broker allows traders to exchange more than 40 major, minor, and exotic currency pairs with spreads starting from 1 pip.

We liked how the copy trading system helps beginner forex traders follow and replicate the strategies of experienced investors in real time, allowing newcomers to learn while participating in live markets. eToro provides transparency by allowing users to review the performance and risk scores of other traders before deciding to copy them. 

The platform’s design focuses on accessibility without compromising on analytical features. Charts are powered by TradingView technology and include multiple timeframes, built-in indicators, and the ability to track price correlations across pairs. Traders who prefer manual execution can manage positions directly through the browser or mobile app, while those using automated systems can employ external tools via eToro’s API connection.

4. Libertex

Libertex offers a simplified CFD forex trading experience backed by CySEC regulation, giving European traders a reliable and transparent framework. The broker follows a commission-based model rather than relying entirely on spreads, which allows traders to calculate costs easily before entering positions. We found that Libertex applies a 0.003% brokerage fee. It provides access to more than 50 forex pairs, and leverage can reach up to 30:1 for EU traders.

The trading platforms are easy to use and optimized for traders who focus on technical analysis. MetaTrader 4 and MetaTrader 5 are also supported for users who prefer advanced tools, expert advisors, or more detailed charting capabilities. Libertex also provides an award-winning trading platform for those who want an alternative to MetaTrader. However, it doesn’t come with some of the advanced customizations found in MetaTrader. 

Libertex offers strong educational support with its training materials, webinars, and tutorials, which help traders understand the relationship between volatility, leverage, and margin management. Based on our analysis, Libertex is ideal for EU traders seeking practicality with its proprietary trading platform and transparent fee system.

5. XM

XM has been one of Europe’s most widely used forex brokers over the past 15 years due to its flexible account options and excellent educational ecosystem. The broker operates under EU regulators CySEC and FCA, and offers spreads from 0.0 pips on its XM Zero and Ultra Low accounts. Traders can access over 55 forex pairs, including major, minor, and exotic currencies, with 30:1 leverage available for EU users.

XM supports MetaTrader 4 and MetaTrader 5, allowing traders to use automated strategies, custom indicators, and one-click trading features. Order execution is fast and reliable, helped by XM’s network of data centers strategically located across financial hubs. The broker also offers negative balance protection and segregated client funds to ensure full compliance with European financial standards.

During our testing, we quickly noticed that education has been a major part of XM’s identity. Traders can participate in multilingual webinars, access trading rooms, and use video tutorials that explain advanced forex techniques. The broker’s in-house analysts publish daily market insights, enabling EU traders to align strategies with macroeconomic trends.

6. Tickmill

Tickmill is one of our favorite brokers in the EU forex industry for its professional trading environment and variety of trading platforms. The broker’s European branch, Tickmill Europe Ltd, is fully licensed by CySEC, ensuring compliance with investor protection laws and negative balance safeguards. Traders gain access to more than 60 forex pairs with spreads that begin at 0.0 pips, supported by deep liquidity and fast order execution of 15 to 20 milliseconds.

We found that the main selling point of Tickmill is its strong infrastructure. It uses advanced aggregation systems that connect traders directly to liquidity providers, resulting in minimal slippage and stable pricing during volatile sessions. The broker’s Raw Account structure is our recommended choice for scalpers and algorithmic traders who require consistent, low-cost access to the market with up to 30:1 leverage.

Tickmill provides educational and analytical tools designed to improve trading decision-making, which we found ideal for beginners. Its research team delivers regular market updates, economic calendars, and trading tutorials covering technical and fundamental strategies. Unfortunately, Tickmill doesn’t offer a proprietary trading app, and users are limited to using only MetaTrader.

7. IG

IG, in our opinion at WR Trading, provides one of the most comprehensive forex trading environments available in Europe. The broker operates under multiple European registrations, including CySEC, the FCA, and BaFin, which ensures that traders benefit from full investor compensation coverage and strict transparency standards. 

IG offers more than 80 currency pairs with spreads starting at 0.6 pips and leverage up to 30:1, combined with excellent liquidity from global banking partners. We did notice that some forex pairs have noticeably wider spreads during off-market hours, which can impact certain trading strategies.

The broker’s platform options include MetaTrader 4, IG Trader, and integrations with TradingView, allowing traders to execute manual and automated strategies. Forex traders also have access to IG’s research division, which produces detailed market analysis and trading ideas that can be integrated directly into charts.

IG’s commitment to education is another advantage we found. The IG Academy teaches practical forex skills, including position sizing, technical setups, and risk-management methods. Also, during our testing, we liked that customer support via live chat, email, and phone was extremely helpful and patient in providing the necessary information we needed.

8. XTB

XTB is a great EU forex broker that combines strong regulatory oversight with its modern proprietary trading platform. The broker operates under several European authorities, including CySEC, KNF, BaFin, the FCA, and CNMV, ensuring transparent operations and fund protection. It offers more than 48 forex pairs with spreads from 0.0 pips and no commission on standard accounts.

The proprietary xStation 5 platform provides a refined trading experience with advanced charting tools, real-time sentiment data, and integrated risk calculators. Execution speed is consistently less than 440 milliseconds, and traders can manage multiple positions with clear margin tracking. However, the trading platform is not compatible with 3rd party tools such as MetaTrader add-ons. For those preferring flexibility, we recommend using xStation Mobile, which mirrors the desktop platform, allowing full functionality on mobile devices.

Furthermore, we liked that XTB also invests heavily in trader development. Its market analysis section provides daily updates and technical outlooks, while its educational portal covers everything from macroeconomics to advanced forex indicators. This balanced approach of technology, regulation, and education makes XTB one of the top forex brokers on our list at WR Trading.

9. FP Markets – Best for excellent platform variety

FP Markets has built a strong reputation across Europe as one of the most trusted brokers for forex traders, earning it 4.9 stars from over 9,400 reviews on Trustpilot. The broker operates under CySEC regulation in Europe and offers true ECN access with spreads starting from 0.0 pips on the Raw account. Traders can choose between MT4, MT5, cTrader, or TradingView, ensuring compatibility with manual and automated strategies. Its lightning-fast execution of 42 to 96 milliseconds makes it highly reliable for day traders, scalpers, and algorithmic strategies.

The broker supports more than 60 currency pairs, ranging from the EUR/USD to less common exotics like the NOK/JPY, providing exposure to a wide spectrum of global markets. We liked that FP Markets also integrates VPS hosting for uninterrupted automated trading and market depth (Level II) data for professional users. 

Its education section, including webinars and strategy guides, suits those looking to sharpen their technical and fundamental analysis skills. Also, with over 10,000 tradable assets and a leverage ceiling of 30:1, FP Markets remains one of the most complete forex brokers in Europe today.

10. ActivTrades

ActivTrades is an award-winning CFD forex broker that delivers a professional trading experience backed by strong European regulation. Its European operations are licensed under the CMVM in Portugal and the FCA, complying with MiFID II standards for investor protection. The broker offers 30:1 leverage for EU clients and provides over 50 forex pairs. We liked the platform variation, including MetaTrader 4, MetaTrader 5, TradingView, and its proprietary ActivTrader platform.

Execution quality is one of ActivTrades’ main strengths. Orders are filled quickly with a 50ms to 100ms delay, and traders benefit from competitive spreads starting at 0.5 pips. The broker also provides guaranteed stop-loss orders and negative balance protection, ensuring that traders maintain control even during rapid market swings.

Education and analysis are another strong point we found during testing. ActivTrades hosts regular seminars, webinars, and market insights to help clients refine their forex strategies. One downside we found is that the commission-free structure can lead to slightly wider spreads than other EU forex brokers.

How Are Forex Brokers Regulated in Europe?

Forex brokers in Europe are regulated under the MiFID II framework, which sets strict financial and operational standards to protect traders. Oversight is shared between the European Securities and Markets Authority (ESMA) and national regulators such as CySEC, BaFin, and the FCA. 

These authorities make sure brokers follow transparent pricing, keep client funds in segregated accounts, and maintain the capital required to stay solvent. Understanding these regulations helps you choose a broker you can trust with your money. Let’s look into how European forex regulation works and why it matters for traders like you.

ESMA Regulation

The European Securities and Markets Authority (ESMA) oversees financial markets in the EU. It enforces rules to protect traders, such as limiting leverage for retail traders to 1:30 on major currency pairs. This cap reduces risk and helps prevent traders from facing significant losses. ESMA ensures that brokers maintain high standards of transparency and client protection.

Local Regulation in Europe

Local regulators are tasked with enforcing ESMA’s rules, ensuring compliance with national financial laws. They conduct regular audits, review brokers’ financial records, and ensure that brokers maintain sufficient capital to protect client funds. Local regulators handle complaints and enforce disciplinary actions against brokers who fail to comply with regulations. Here are a few key regulators in Europe:

• FCA (Financial Conduct Authority) in the UK: Enforces strict rules on client fund segregation, ensuring traders’ funds are separate from the broker’s funds. The FCA requires brokers to report financial activities regularly.
• CySEC (Cyprus Securities and Exchange Commission) in Cyprus ensures that brokers adhere to EU laws, with a focus on transparency and the fair treatment of clients. CySEC mandates regular reporting and audits to ensure compliance.
• BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht in Germany) regulates brokers by requiring them to have risk management systems and maintain financial stability. BaFin conducts thorough checks on brokers’ financial health and client protection measures.

Can a Broker Operate Throughout Europe if They Are Regulated in One Country?

Yes, they can, thanks to the EU’s passport system. If a broker is licensed in one EU country, they can offer services throughout the EU. The Markets facilitate this through the Financial Instruments Directive (MiFID II), which enables brokers to operate across borders without requiring multiple licenses. This system provides traders with more options and ensures that brokers meet consistent standards across Europe.

How We Tested the Best Forex Broker in Europe

Finding the right forex broker can significantly impact your trading success. At WR Trading, we conducted a thorough evaluation to determine which brokers offer the best services and features. Here’s how we tested our options to bring you the most reliable options:

Regulation and Safety

We began by verifying that reputable authorities, such as the FCA, CySEC, or BaFin, regulate each broker. These regulators enforce strict standards to ensure that brokers operate transparently and protect client funds. Our evaluation included a review of compliance records, giving you confidence that these brokers are trustworthy and reliable.

Trading Platforms

An excellent trading platform is essential for executing trades smoothly and efficiently. We examined each broker, focusing on industry standards like MetaTrader 4 and 5. We assessed their user interfaces, speed, and available tools to ensure they meet the needs of both beginner and advanced traders. Mobile applications were tested to guarantee seamless trading on the go.

Costs and Fees

Trading costs can eat into your profits, so we looked at each broker’s fees, including spreads, commissions, and any additional charges. Our goal was to identify brokers that offer competitive pricing and transparent cost structures, ensuring you get good value for your investment.

Customer Support

Reliable customer support is essential for resolving issues promptly. We evaluated each broker’s services, testing their responsiveness and expertise across live chat, email, and phone.

Educational Resources

Continuous learning is key to staying competitive in trading. We reviewed the educational resources offered by each broker, such as webinars, tutorials, and market insights. Brokers that provide comprehensive academic support enable traders to develop their skills and make informed decisions.

Trading Tools and Features

Finally, we explored the range of trading tools and features available. Advanced charting, risk management tools, and automation capabilities are crucial for executing a wide range of trading strategies. We prioritised a rich suite of tools, helping traders maximise and adapt to changing market conditions.

What are the Pros and Cons of European Regulations?

European forex regulations provide strong trader protection but also impose limits that affect trading flexibility. The biggest advantages are the high level of investor protection, standardized rules across the EU, and strict oversight by trusted authorities. Traders benefit from clear transparency standards, segregated client funds, and compensation schemes that protect deposits in case a broker fails.

On the downside, leverage restrictions under ESMA rules limit retail traders to 1:30 on major pairs, which can reduce profit potential for aggressive strategies. Some brokers pass compliance costs onto clients through slightly wider spreads, and certain high-risk or innovative products are unavailable under EU law. Here’s a detailed look at the pros and cons of European forex regulations:

How Secure Are the European Regulators?

European regulators are among the most respected in the global financial markets. They are committed to ensuring a secure and transparent trading environment for both retail and institutional investors. For example, European brokers must participate in investor compensation or deposit protection schemes that safeguard client funds up to €100,000 per person. Here’s a close look at what makes European regulators so effective:

Strong Regulatory Framework

European forex regulations are governed by well-established frameworks, such as the Markets in Financial Instruments Directive (MiFID) II. This directive sets comprehensive standards for transparency, investor protection, and operational efficiency. MiFID II mandates strict guidelines on how brokers must handle client funds, including the segregation of these funds from the broker’s operational funds.

Reputable Regulatory Bodies

Regulatory bodies such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Federal Financial Supervisory Authority (BaFin) in Germany are known for their rigorous enforcement of financial regulations. 

Investor Protection Measures

European regulators have implemented several measures to protect investors. For instance, the Financial Services Compensation Scheme (FSCS) in the UK protects traders if their broker becomes insolvent, covering losses up to a specific limit. Similar compensation schemes exist in other European countries, providing an additional layer of security for traders.

Transparency and Fairness

Brokers are required to provide clear and detailed information about their services, fees, and financial products. This transparency enables traders to make informed decisions and reduces the risk of misleading or deceptive practices. Additionally, European regulations promote fairness by ensuring that brokers treat all clients equally, without discrimination or bias.

Anti-Fraud and Anti-Money Laundering (AML) Measures

European regulators are vigilant in combating fraud and money laundering. Brokers must implement Know Your Customer (KYC) processes and adhere to strict Anti-Money Laundering (AML) guidelines. These measures help prevent financial crimes and protect the integrity of the financial system.

Continuous Monitoring and Adaptation

European regulators continually monitor market developments and adjust their regulations to address emerging risks and challenges. They engage with industry stakeholders, including brokers, traders, and financial experts, to ensure that the regulatory framework remains relevant and practical in a rapidly changing market environment.

Conclusion

Forex trading with a European-regulated broker provides a secure and safe environment, but choosing the right broker makes all the difference. From our testing, FP Markets, Pepperstone, and eToro were our top choices due to their strong European regulation, transparent pricing, and user-friendly platforms that suit new and experienced traders.

At WR Trading, we reviewed each broker under real conditions to assess their performance in terms of order speed and trading reliability. If you’re still deciding, open a few demo accounts and test their spreads, execution, and support for yourself. Hands-on experience is the best way to find which broker feels right for your trading style.

Frequently Asked Questions on Forex Brokers in Europe: