In this video we will talk about the 5 best forex brokers in Europe.
As you probably know, there are specific geographical locations around the globe that have different regulations; thus, many brokers that operate in a region don’t allow users to join in other regions of the world.
So, in this video we will focus on the Best Forex Brokers in Europe.
The first of the Best Forex Brokers in Europe is XM.
XM group was founded in 2009 and has since grown to become one of the most well-known and established international investment firms in the world. Today XM as Broker has over 3 million clients with traders to be spread in 196 countries and provides support in more than 25 languages. The group has won quite a few awards in the past years such as the: Global Forex Broker of the year, the Most trusted Asian Forex Broker and Best Forex Broker for Australia and Europe.
XM is regulated by the Australian Securities and Investments Commission- ASIC, the Financial Service Authority in London, the International financial commission authority in Belize, and Dubai Financial Services Authority (DFSA)
XM Clients can trade more than 1500 instruments across seven asset classes.
These include forex, individual stocks, precious metals, commodities, energies, equity indices, and cryptocurrencies.
To do that the broker offers 4 different types of accounts: the Micro, Standard, XM Zero, and XM Ultra Low. The minimum amount to open the accounts varies from $5 to $100.
When it comes to deposits and withdraws XM accepts a range of credit and debit card payments on top of payments through e-wallets. These will depend on the country in which a trader lives and not the regulatory jurisdiction they fall under. To be more specific and to name a few It accepts payments from Visa, MasterCard, Maestro, Neteller, Skrill, Stickapy, Perfect Money, and also bank wire transfers.
An additional strong point for XM, is its exceptional customer service, which offers support in more than 25 languages and serves clients from 196 countries according to its website. A live chat widget, email, and telephone number are offered as standard to clients of all account levels.
These support services are available from Monday through Friday or 24/5. Any requests put forth during the weekend will be addressed on the next business day.
The second of the Best Forex Brokers in Europe is IC Markets.
IC Markets is an Australia-based global forex broker that was founded in 2007. The company has several branches and is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Seychelles Financial Supervisory Authority (FSA), and the Australian Securities and Investments Commission (ASIC).
Currently, IC Markets offers its users over 1700 instruments to trade, including forex pairs, commodities, indices, stocks, bonds, Cryptocurrencies, and Futures.
The broker offers three main account types that are featuring the same compatibility and power provided by the company, yet are designed to meet the expectations and needs of different trading styles.
The first two accounts are both called Raw Standard and offer spread conditions and commission charged per trade.
The main difference between the two is that one is offered for the MT4 platform and the other for cTrader. Both are available in multiple currencies, up to 10, and are fully segregated from the company’s funds.
The third option is the standard account, which has no commissions but operates with a 0.6 pip spread. The Standard account is only available for Mt4 or MT5 trading platforms.
As you probably realized IC Markets offers the full suite of MT4/MT5 and cTrader trading platforms. It also presents its MT4 Advanced Trading Tools upgrade which consists of 20 unique trading tools, ensuring traders have a competitive edge. Additionally, IC Markets enables copy trading via Myfxbook Autotrade and ZuluTrade, while MT4/MT5 also has an integrated copy trading platform.
When it comes to funding your account IC offers a variety of methods. Some of them are Credit or Debit card, Paypal, Neteller, SKrill, Union Pay, Fasa Pay, and wire transfer.
Last, clients can contact customer service via live chat, phone, and email 24 hours a day for all 7 days of the week. They support more than 10 languages at the moment.
The third of the Best Forex Brokers in Europe is Avatrade.
Avatrade, which was founded in 2006, is a multi-national company with regional offices and sales centers in Paris, Dublin, Milan, Tokyo, and Sydney. The broker is been regulated under several jurisdictions. Today the broker has more than 300,000 registered customers globally, executing more than two million trades a month.
Avatrade clients can trade over 1000 instruments across 7 asset classes, those are Forex, Stocks, Commodities, Cryptocurrencies, Indices, ETFs, and Bonds.
What is interesting about Avatrade and different from the other brokers on the list is the fact that the broker offers the same type of account to all its users.
Avatrade supports the traditional MT4 , MT5, and its own platforms Ava trade webtrader and AvatradeGO which is an application to trade from your mobile phone.
When it comes to deposits and withdrawals Avatrade offers quite a few options those are: Visa and Mastercard, Wire transfer, Paypal and the following e-wallets, neteller, Skrill, Klarna, and Rapid Transfer.
Last Users can contact customer service via email, phone, and whatsapp,The services are available 24 hours a day for 5 days of the week, starting on Sunday at 9 PM GMT to Friday 9 PM GMT.
The fourth of the Best Forex Brokers in Europe is Admiral Markets.
Admiral Markets was founded in 2001. Over the years Admiral markets have won multiple awards, such as Best Forex Broker, Best CFD Broker, and Best Forex Platform.
Admiral Market Clients, van trade more than 4000 instruments across 7 asset classes, those are CFDs on Currency Pairs, Commodities, Indices, Stocks, ETFs, Bonds, and last cryptocurrencies.
When it comes to account Admiral offers 3 different types, but many could argue that the number is five. The reason behind that is that it offers 3 different types of accounts on Metatrader 5 and 2 on Metatrader 4.
The MT5 offered accounts are Trade / Invest and Zero. The major difference in the account types is the number of instruments that are available for trade.
Admiral Markets offers 5 trading platforms to trade with. These are MetaTrader 5, Metatrader 4, Metatrader Webtrader, MetaTrader Supreme Edition, which is a Metatrader customized, and last but not least the Admiral Markets Trading App, which allows you to trade on the go. The app is available for both iOS and Android devices.
Admiral Markets offers a decent amount of funding options, Those are :
Bank Transfers, Klarna, Visa, Mastercard, Paypal, Skrill, Neteller, Saetypay, Ibank, and iDeal are the rest of the options offered.
Users can contact customer service via email, phone, and live chat, Admirals’ customer support team is easily accessible via e-mail, a webform, phone, or live chat. Remote assistance for technical issues is also available.
The services are available 24 hours a day for 5 days of the week.
The fifth of the Best Forex Brokers in Europe is FX Pro.
FxPro is a global CFD and forex broker founded in 2006..
The company has won over 70 international and UK awards in the past 15 years, including 10 awards for the best forex broker of the year.
FX Pro Clients can trade more than 1000 assets, in 7 asset classes, those are Currency pairs, CFD’s on Futures, Indices from Europe, Adia, and USA, CFDS on global shares, Metals, Energies, and last Cryptocurrencies.
The broker offers 5 different account types that are based on the trading platform the clients use.
Two of them are offered through MT4 and are the MT4 Instant versus the Standard MT4. Both offer the same CFD Instruments, and the same trade size, however when it comes to trading costs The Instant account offer ‘fixed spreads only to 7 major pairs. The last major difference comes in the execution type of those two accounts. While the FXPRO MT4 Instant receives the price the client sees on screen or receives a requote the Standard MT4 has tiered liquidity, as orders are executed at the volume-weighted average price.
The other 3 accounts are on MT5, Ctrader, and their own native platform.
To mention here that FXPro allows Spread Betting. Spread Betting is a form of derivatives trading, which means you aren’t taking ownership of the underlying asset. You open a position based on whether you think the value of an instrument will rise or fall. If the asset price moves in your favor, you profit, if it goes against you, you incur a loss.
When it comes to Funding options users can fund their account through a Bank Transfer,Visa, Maestro, MasterCard, Paypal, Netteler and Skrill . The withdrawals take about 1 working day to be completed, and there are no fees implemented by FXpro however the corresponding banks could implement their own.
Last, when it comes to customer support clients can contact customer service via email, phone, and live chat,
The services are available 24 hours a day for 7 days a week.