10 Best European Forex Brokers in Comparison (List 2025)

This in-depth review, featured on WR Trading, covers the 10 best forex brokers available to European traders. We evaluate each broker on crucial factors such as regulation, platform features, spreads, and customer support, aiming to guide you toward the best choice for your trading needs.

These are the Top 10 Forex Brokers for traders in Europe in 2025:

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 regulated in Europe 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. FP Markets

FP Markets is our favorite broker at WR Trading due to its versatile platforms like MetaTrader 4 and 5, which offer advanced charting tools and automated trading features. With over 60 forex pairs available, this broker gives traders plenty of options to dive into the forex market. Whether you’re trading the euro or more exotic pairs, FP Markets delivers with competitive spreads and fast execution.

What we like about FP Markets is its commitment to providing value without sacrificing quality. With rapid execution speeds and low costs starting at 0.0 pips, it’s perfect for traders who want reliability and affordability in their corner. At WR Trading, we’re fans of how FP Markets combines flexibility with robust trading tools to create a seamless experience.

Feature	Broker
Eligible for European Traders?	Yes
Spreads and Commission	Varies based on account:Spread – from 0.0 pips Commission – From no commission to $3 per lot
Trading Platforms	MetaTrader 4, MetaTrader 5, cTrader, TradingView, IRESS, and WebTrader.
Asset Types	Forex, stocks, indices, commodities, cryptocurrency, and ETFs.
Currency Pairs	Over 60
Tradable Assets	Over 10,000
Leverage	500:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Video tutorials and trading glossary.
Regulation	ASIC, FSCA, FSA, FSC, and CySEC.

2. Pepperstone

Pepperstone is our second choice thanks to its ultra-low spreads of 0.0 pips and top-notch execution speed. It’s a great pick for traders who demand precision and speed in their trades. With platforms like MT4, MT5, TradingView, and cTrader, you have a suite of powerful tools at your fingertips, making it easier to execute complex strategies.

Beyond the technology, Pepperstone offers excellent educational resources that are perfect for new and experienced traders looking to sharpen their skills. Their deep liquidity and efficient pricing mean traders can count on competitive pricing. Also, the broker is among the highest regulated in the list, holding licenses from the FCA, CySEC, ASIC, BaFin, CMA, and DFSA.

Feature	Broker
Eligible for European Traders?	Yes
Spreads and Commission	Varies based on account:Spread – from 0.0 pips Commission – From no commission to $3 per lot
Trading Platforms	MetaTrader 4, MetaTrader 5, cTrader, and TradingView
Asset Types	Forex, commodities, indices, cryptocurrency, stocks, and ETFs.
Tradable Assets	Over 1,200
Currency Pairs	Over 90
Leverage	500:1
Customer Support	Email and phone support.
Demo Account	Yes
Educational Content	Webinars, educational videos, and trading guides.
Regulation	FCA, CySEC, ASIC, BaFin, CMA, and DFSA.

3. eToro

eToro takes our third spot because it’s the go-to for social trading, allowing you to copy the strategies of top traders seamlessly. It’s a game-changer for beginners who want to learn the ropes by watching and copying the experts. With a user-friendly interface, eToro makes it simple to explore forex markets without the usual learning curve.

Aside from its social aspect, eToro offers a range of forex pairs, letting you trade everything from major currencies to niche options. Their community-driven approach encourages interaction and learning, which we at WR Trading find invaluable for traders looking to grow and learn from others.

Feature	Broker
Eligible for European Traders?	Yes
Spreads and Commission	Varies based on account:Spread – Varies between currency pairs Commission – From 0%
Trading Platforms	eToro trading platform
Asset Types	Stocks, forex, cryptocurrencies, ETFs, commodities, indices
Tradable Assets	Over 6,000
Currency Pairs	Over 40
Leverage	400:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	eToro Academy
Regulation	FCA, CySEC, MDSA, FSRA, ASIC, and FSAS.

4. Libertex

Libertex offers a straightforward, commission-based model with low spreads, providing traders with clear and predictable costs. This transparency is refreshing and allows you to focus on your trading strategies without worrying about fluctuating fees. It’s ideal for those who appreciate simplicity in trading.

With over 50 forex pairs, Libertex supports a diverse trading approach. Its platform is intuitive and equipped with essential tools for analysis and decision-making. The broker provides advanced platforms such as MT4 and MT5. It also has a proprietary trading platform that is award-winning and seamless to use for trading. 

Feature	Broker
Eligible for European Traders?	Yes
Spreads and Commission	Varies based on account:Spread – from 0.0 pips Commission – From 0%
Trading Platforms	Libertex platform, MetaTrader 4, MetaTrader 5
Asset Types	Forex, indices, commodities, ETFs, options, bonds, stocks, cryptocurrencies
Tradable Assets	Over 300
Currency Pairs	Over 50
Leverage	1000:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Academy
Regulation	CySEC

5. XM

XM stands out among beginners thanks to its extensive educational resources and low entry barriers. With a modest minimum deposit of $5 and flexible leverage up to 1000:1, XM opens the door to over 55 forex pairs, giving you the freedom to explore global markets.

The broker’s focus on education means traders have access to many webinars, tutorials, and market insights. This aligns perfectly with our philosophy of equipping traders with the knowledge they need to succeed. Consider using XM if you require high leverage, excellent customer support, educational content, and compatibility with advanced trading software.

Feature	Broker
Eligible for European Traders?	Yes
Spreads and Commission	Varies based on account:Spread – from 0.0 pips Commission – From no commission to $3.50 per lot
Trading Platforms	MetaTrader 4, MetaTrader 5, and MetaTrader Web Trader.
Asset Types	Forex, stocks, indices, and commodities.
Tradable Assets	Over 1,000
Currency Pairs	Over 55
Leverage	1000:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Educational videos, webinars, platform tutorials, and XM Live.
Regulation	ASIC, CySEC, DFSA, FCA, FSCA, and FSC.

6. Tickmill

Tickmill is known for its rock-bottom spreads starting at 0.0 pips and lightning-fast execution, making it a top pick for traders who demand speed and precision. If you’re into scalping or high-frequency trading, Tickmill’s efficient trading environment is designed for you. It comes with top trading platforms like MetaTrader 4, MetaTrader 5, MetaTrader Web Trader, and the TickMill App. 

In addition to its competitive pricing, Tickmill offers comprehensive educational tools and market analysis, helping traders stay ahead of trends. Tickmill provides daily market insights and access to several professionals who post blogs based on trading topics.

Feature	Broker
Eligible for European Traders?	Yes
Spreads and Commission	Varies based on account:Spread – from 0.0 pips Commission – From $3 per lot
Trading Platforms	MetaTrader 4, MetaTrader 5, MetaTrader Web Trader, and TickMill App.
Asset Types	Forex, stocks, indices, commodities, bonds, and cryptocurrency.
Tradable Assets	Over 1,000
Currency Pairs	Over 60
Leverage	300:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Infographics, tutorials, articles, webinars, and ebooks.
Regulation	CySEC, FSA, FCA, DFSA UAE, Labuan FSA, and FSCA.

7. IG

IG is a well-known brand in the forex space that offers traders a wide range of currency pairs and market insights. With over 80 forex pairs, IG provides many opportunities to capture market movements. Their platforms, MetaTrader 4, MetaTrader 5, cTrader, and TradingView, are equipped with advanced tools and real-time data to support informed trading decisions.

IG’s strong emphasis on research and education makes it a valuable partner for traders who rely on data-driven strategies. New traders can utilize the IG Academy to get started, while experienced traders can utilize the leverage that can go up to 200:1. We highly recommend IG for its huge range of features and comprehensive market analysis.

Feature	Broker
Eligible for European Traders?	Yes
Spreads and Commission	Varies based on account:Spread – from 0.6 pips Commission – no commission
Trading Platforms	MetaTrader 4, MetaTrader 5, cTrader, and TradingView
Asset Types	Forex, commodities, indices, cryptocurrency, stocks, options, and futures.
Tradable Assets	Over 17,000
Currency Pairs	Over 80
Leverage	200:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	IG Academy
Regulation	FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, and FMA.

8. XTB

XTB delivers a high-performance trading experience with its award-winning xStation platform, known for speed and sophisticated trading tools. The trading interface is simple but comes with the necessary trading tools like indicators, alerts, and more. This broker offers a great selection of over 48 forex pairs and powerful analytical tools, making it ideal for traders who value technology and efficiency.

XTB’s dedication to education and user support is evident in its trading articles and daily webinars. These resources are helpful for traders looking to enhance their skills and knowledge. Moreover, XTB lets European investors diversify easily as their trading software is compatible with multiple instruments such as stocks, indices, ETFs, and commodities. Currently, over 2,300 assets are listed on XTB to trade, making it easy to find market opportunities. 

Feature	Broker
Eligible for European Traders?	Yes
Spreads and Commission	Varies based on account:Spread – from 0.0 pips Commission – From 0% per lot
Trading Platforms	xStation 5 and xStation Mobile
Asset Types	Forex, stocks, indices, ETFs, and commodities.
Tradable Assets	Over 2,300
Currency Pairs	Over 48
Leverage	200:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Knowledge base and market analysis
Regulation	CySEC, KNF, FCA, DFSA, FSC, and IFSC.

9. Capital.com

Capital.com stands out with its AI-driven insights, helping traders make smarter, data-backed decisions. The platform’s innovative use of technology provides personalized recommendations and market trends, perfect for traders keen on leveraging artificial intelligence. The broker is well-known in Europe for its educational content and regulation compliance. Capital.com is currently licensed by some of the top regulators, such as CySEC, FCA, SCB, ASIC, and FSA.

With over 125 forex pairs, 300:1 leverage, and access to no-commission trading, Capital.com is a fantastic choice for those starting out, as the trading process is simple. However, those who need help can access the educational section, which comes with easy guides, trading strategies, and software tutorials. 

Feature	Broker
Eligible for European Traders?	Yes
Spreads and Commission	Varies based on account: Spread – Varies based on market conditions Commission – No commission
Trading Platforms	TradingView, MetaTrader 4
Asset Types	Forex, indices, commodities, ETFs, stocks, cryptocurrencies
Currency Pairs	Over 125
Tradable Assets	Over 3,000
Leverage	300:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Learning hub, market guides, and trading strategies
Regulation	CySEC, FCA, SCB, ASIC, and FSA.

10. ActivTrades

ActivTrades offers a flexible trading environment with customizable platforms like ActivTrader, MT4, and MT5. This flexibility allows traders to customize their setup and access a broad range of over 50 forex pairs. With tools for advanced analysis and automation, ActivTrades suits traders who want to personalize their forex trading experience.

When it comes to forex trading, ActivTrades delivers with low spreads starting at 0.5 pips and ultra-fast execution speeds averaging under 0.004 seconds. The broker ensures transparency with no hidden fees or requotes, so what you see is truly what you get. These features make ActivTrades an excellent choice for traders seeking efficiency in every trade.

Feature	Broker
Eligible for European Traders?	Yes
Spreads and Commission	Varies based on account:Spread – from 0.5 pips Commission – No commission
Trading Platforms	ActivTrader, TradingView, MetaTrader 4, and MetaTrader 5
Asset Types	Forex, stocks, indices, commodities, cryptocurrency, bonds, and ETFs.
Currency Pairs	Over 50
Tradable Assets	Over 2,800
Leverage	400:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Webinars, analysis, and seminars.
Regulation	FCA, SCB, CMVM, and Bacen.

How Are Forex Brokers Regulated in Europe?

Forex trading in Europe is all about security and transparency. Regulators ensure that brokers play by the rules, so you don’t have to worry about shady practices. Understanding these regulations helps you choose a broker you can trust with your money. Let’s dive 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’s regulations ensure that brokers maintain high standards of transparency and client protection.

Local Regulation in Europe

Local regulators are tasked with enforcing ESMA’s rules and 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 also handle complaints and enforce disciplinary actions against non-compliant brokers. 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 kept separate from the broker’s operational funds. The FCA also requires brokers to report financial activities regularly.
• CySEC (Cyprus Securities and Exchange Commission) in Cyprus: Ensures brokers adhere to EU laws, focusing on transparency and the fair treatment of clients. CySEC mandates regular reporting and audits to ensure compliance.
• BaFin (Federal Financial Supervisory Authority) 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 passporting system. If a broker is licensed in one EU country, they can offer services throughout the EU. This is facilitated by the Markets in Financial Instruments Directive (MiFID II), which allows brokers to operate across borders without needing multiple licenses. This system gives traders more options and ensures 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 approached our testing to bring you the most reliable options:

Regulation and Safety

We started by checking that each broker is regulated by well-respected authorities like the FCA, CySEC, or BaFin. 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

A great trading platform is essential for executing trades smoothly and efficiently. We examined each broker’s platforms, 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 also 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 fee structure, 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 helpful for addressing issues quickly. We evaluated each broker’s support 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 educational 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 essential for executing diverse trading strategies. We prioritized brokers that offer a rich suite of tools, helping traders maximize their potential and adapt to changing market conditions.

What are the Pros and Cons of European Regulations

European forex regulations are designed to protect traders and ensure fair market practices. However, like any regulatory framework, they come with both advantages and drawbacks. 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. Here’s a closer look at what makes European regulators so effective:

Strong Regulatory Framework

European forex regulations are governed by well-established frameworks like the Markets in Financial Instruments Directive II (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 own operating capital.

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. 

These bodies conduct regular audits and inspections to ensure compliance with regulatory standards. They have the authority to impose sanctions, fines, and even revoke licenses if brokers fail to meet their obligations, ensuring that only trustworthy brokers operate in the market.

Investor Protection Measures

European regulators have implemented several investor protection measures to safeguard traders’ interests. For instance, the Financial Services Compensation Scheme (FSCS) in the UK provides protection to traders if their broker becomes insolvent, covering losses up to a certain 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 helps traders make informed decisions and minimizes 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 continuously monitor market developments and adapt their regulations to address risks and challenges. They engage with industry stakeholders, including brokers, traders, and financial experts, to ensure that the regulatory framework remains relevant and effective in a rapidly changing market environment.

Conclusion

Forex trading in Europe offers many opportunities, but knowing which trading broker to trust can make all the difference. Top platforms like FP Markets, Pepperstone, and eToro stand out for their strong regulatory compliance, advanced trading tools, and helpful educational content.

At WR Trading, we’ve highlighted our top 10 European forex brokers for their commitment to providing a secure and efficient trading environment. Consider trying a few of our recommended brokers and test out their demo accounts before making a final decision.

Frequently Asked Questions on Forex Brokers in Europe: