Europe is one of the finest destinations when it comes to Forex trading. The reason being EU market offers very good liquidity in the industry and is a major market provider across the world. It is interesting to note that dollars account for a major portion of the Forex operation with an average trade of more than 600 billion in US dollars. There are approximately 300 million traders all over the European Union who are interested trading online in the FX market.
In the light of above, we have been receiving a lot of queries and other feedback from the visitors inquiring about top EU Forex Brokers. On account of the demand of prospective traders, we bring you a comparative list of the best-rated Forex brokers that offer trading guidance to traders residing in Europe. If you are someone from EU and looking for a reliable merchant, you can open a trading account with any of the merchants discussed over here for a lucrative career in the financial market.
Best-Rated EU Forex Brokers – Brief Overview
The brokers mentioned below are rated one of the best in the industry and are regulated by several regulatory bodies like FCA, ASIC and CySec. It means that one can easily trade with these merchants without any hassles and there is nothing illegal about them. These brokerage firms are known for providing highly reliable service and offer one of the best-rated trading platforms that you would every come across. We have spent a reasonable time for opening trading accounts with these brokers to test their overall trading platform, customer service and asset index. Here’s a brief overview of them mentioned under the following headings:
- IronFx: The broker was established in 2010 and has taken the market by storm with its sheer diligence. It offers 15 different types of trading platform and an exhaustive list of more than 200 different financial instruments to trade with. The minimum amount to open a trading account is just $50 and the broker offers a maximum leverage of 500:1. A welcome bonus up to $3,000 or 60% of first deposit is available to every new trader. There are 3 different types of accounts one can choose from and demo account is also available for an expiry period of 30 days.
- Plus500: It is yet another very dedicated merchant which is constantly ranked as one of the top 10 brokers in the world. Its headquarters are located in London and the minimum deposit required to open a trade account is 100 Euros. Minimum leverage available is of 1:50 with language support available in English and Arabic. MetaTrader4 is the primary trading platform and the broker offers 25 Euros as a welcome bonus for the new traders. Demo account is available and there is a dedicated educational centre with access to thousands of video journals and other articles on Forex trading.
- HotForex: With more than 5 years of experience in the FX market, it is one of the most honest EU Forex Brokers. It has a very good trading platform rated best in the industry with access to mobile trading across different devices like Android, iOS and Windows. It offers multiple trading accounts and one can select the one suited to their needs. There are more than 70 different assets to choose from and the broker accepts a minimum deposit of $5 to open an account. Demo account, as well as Islamic account, is available and the maximum leverage offered is 1000:1.
How Easy is Forex Trading from Europe?
Forex trading is still a taboo in several nations and there are a lot of countries worldwide that does not permit its residents to invest in currency trading online. If you are from the European Union, there is no need to worry because the good news is that there are no such trade restrictions in EU. You are free to trade without any kind of trade restrictions and you can find numerous EU Forex Brokers that accepts European residents. You can sign up with any of the merchants mentioned over here for the demo account. Once you are satisfied with their overall service you can go ahead and open a live trading account and make great returns in the end.
EU Forex Brokers – Payment and Banking Options
The best thing about these brokers accepting European traders for Forex trading is the fact that they offer the best payment service for deposits and withdrawals. The overall transactions so involved are hassle free and not enough paperwork is involved. There are safe payment gateways that can allow you to settle the funds easily without any kind of waiting period or unwanted hassles. The brokers offer double layered SSL encryption which means that the funds are secured and there is no way one can steal your money.
Some of the different payment options available to the above brokers include credit/debit card, MasterCard, Visa, Electronic Wire Transfer, Liberty Reserve etc. It is important to note that you must have a single payment service for both deposits and withdrawals. All the deposits are acknowledged immediately and withdrawals take around 3 to 5 days to arrive in one’s bank account. Electronic wire transfers are a little bit on the slow side owing to a lot of verification processes on the part of the bank concerned.
There is no dearth of EU Forex brokers and you can find hundreds of them when you go online. The real difficulty lies in selecting the most reliable one whom you can trust completely and that can render a smooth journey in FX market. So you should never be in a hurry when it comes to shortlisting a merchant because it is not every day that you go looking for a reliable brokerage firm. Try to do as much research as possible and dedicate as much time as possible. Once you have done the drilling of the background check of the merchant and you are completely satisfied, you should go ahead. In the end, you should know that no one would be liable for the losses you incur in the FX market because of the broker. It is you who would be blamed because you were not vigilant in choosing the right broker.
So be patient and try to be through in your approach when you select a trustworthy broker for your career in Forex trading. Choose well because it is your broker who would be the deciding factor that can land you in the elite group of successful Forex traders. If you don’t want to undergo the hassles of short listing the ideal broker for you, then there is no need to worry. You can explore this site and select any one of the aforementioned merchants for top EU Forex brokers. These are very reliable brokerage firms and have years of experience to vouch for their credentials. You can open a trading account with any of these brokers and give a head start to your Forex career today itself!!