Our List of the Best Trading Platforms & Brokers in Europe: One of the Best Stock Trading Platform: Plus; Best Online Stock Broker: eToro; Best Stock Broker for Advanced Traders: IG Markets; Best Trading Platform For Beginners: eToro XTB ticks all boxes we just went through and impresses with a trading platform that is suitable for both novice and expert traders. xStation 5 offers a great selection of trading tools and can be used for trading of all sorts of financial instruments /01/03 · Based on our research, here are the best forex brokers in Europe: XTB – Best overall; Avatrade – Best for mobile; blogger.com – Best for beginners; Fusion Markets – Best for low fees and MT4; TL;DR. XTB has been one of the best forex brokers in Europe for a while now. They offer competitive spreads, low fees, and an overall wide variety of trading tools
4 Best Forex Trading Platforms in Europe for July
At first glance, the European market for trading CFDs, Forex and other financial instruments seems to offer retail investors a vibrant diversity.
On closer inspection, however, it becomes clear that behind the scenes, the market is dominated by a few dozen rather than a few hundred suppliers. Of course, European traders do not need to select from EU- or UK-based brokers alone.
Many offshore online brokers provide excellent trading conditions and are in no way "less trustworthy or secure" than those companies based in Europe. Anyone who compares different European brokers will quickly notice that there is a remarkably high number of providers based in Cyprus.
In recent years, the island state has developed into one of the most important locations for CFD and Forex brokers. This is not least due best trading platforms europe tax advantages. Cyprus has been a member of the European Union EU since and has ratified the EU Financial Markets Directive MiFID accordingly.
Cypriot Forex brokers are regulated by the Cyprus Securities and Exchange Commission CySEC which has to follow ESMA's regulatory framework. Nevertheless, CySEC regulation cannot be compared with that in Australia ASICthe USA NFA and CFTCGermany BaFin or Great Britain FCA for example. In springthe Cypriot best trading platforms europe system collapsed, causing many creditors of local banks to suffer heavy losses due to compulsory levies.
Most Cypriot brokers, therefore, switched to keeping their customers' money with banks abroad and keeping it out of the Cypriot financial system by at the latest. Many industry observers criticise the brokers based in Cyprus for the fact that trading conditions are not measurably more favourable than for brokers in established financial locations and that the advantages of the island state are not translated into advantages for customers.
Besides, many online brokers domiciled in Cyprus act as market makers. Great Britain is one of the most important locations for European CFD brokers. As one of the major financial hubs of the world, London remains a melting pot for financial institutions such as banks and stock exchange brokers. Many providers try to generate trust with an address in the economic metropolis London in the United Kingdom to win customers. However, it should be remarked that only some of the UK-based brokers actually operate their own trading platform.
Instead, many act as a whitelabel - a franchise-type arrangement - of bigger brands: these providers win customers and pass them on to larger brokers. Whitelabel brokers often have their own brand and user interface for trading. Behind the surface, however, is the trading platform of a larger broker.
Sometimes the opening of an account via such an intermediary can result in a cost advantages for investors, and sometimes trading there is also more expensive than with a regular broker. Finding the right broker can be cumbersome and time-consuming. No matter which type of broker you select, make sure that the provider ticks a few important boxes. Our broker comparison will highlight which CFD and stock brokers are particularly secure thanks to measures such as negative balance protection, the exclusion of a margin obligation or guaranteed stop-loss orders.
We will also dive deep and look at all important criteria for selecting the right provider. Let's begin! If you are a retail investor looking for a good Forex trading platform, you should consider that a variety of factors play a vital role in the selection. The most important criteria are, for example:. Leading Forex brokers typically offer their customers a range of platforms to trade currency pairs on the foreign exchange market FXbest trading platforms europe, CFDs, shares, commodities, cryptocurrencies and other complex instruments.
The interface used by all Forex brokers to execute trades differs from each other, best trading platforms europe. Some online brokers offer a proprietary trading platform or allow for access to leading third-party platforms such as MetaTrader 4 MT4MetaTrader 5 MT5 or the cTrader platform.
The best brokers offer trading platforms that are available for the most common operating systems and devices, best trading platforms europe. These platforms should be available for download on desktop as well as a web-based version and further allow mobile trading. Most of the time, mobile apps for Android and iOS are available, but it is vital to check device-compatibility before signing up with a provider. To find the best trading platform, a trader must first determine what he is looking for, best trading platforms europe.
While some professional traders are primarily dependent on a large selection of available technical analysis tools, other active traders value the simplest possible programming language to adapt the platform best trading platforms europe their own needs optimally. If you are a day trader that needs certain advanced indicators, drawing tools, or order types, make sure to check if they are available.
User-friendliness and appearance can also be crucial criteria for the best suitable trading platform and trading experience. Of course, it should also be noted that not all trading platforms and trading apps are capable of support trading of every available financial instrument.
For example, MetaTrader 4 was built to trade Forex and CFDs. Stock trading as well as options and futures trading, however, best trading platforms europe, is not possible with the popular MT4.
Those financial instruments can, on the other hand, be traded with the younger MT5, IRESS Trader, xStation 5 and other platforms. Make sure you understand that the platform you choose is capable of supporting the financial instruments you are looking to trade! Trading costs can differ a best trading platforms europe between providers and this is one of the most crucial factors for any type of trader.
These costs can come in form of spreads, commissions, best trading platforms europe, overnight or other types of financing fees, best trading platforms europe. It is essential to look behind the language brokers use nowadays because, at first glance, almost all brokers appear to be amazing.
For example, when brokers advertise "commission-free" trading, it merely means that you do not pay any extra commissions. But, of course, it doesn't mean that you can trade there for free. Very often, it doesn't even translate into low-cost trading! Commission-free trading typical means that spreads are wider than with a broker that charges commissions because this is how the broker makes money. Making sure that a brokerage is licensed and regulated is a necessity.
But is it a seal of quality and importance if a broker is licensed and regulated with certain industry watchdogs? For many inexperienced traders who want to enter the world of online trading, the answer is probably "yes", and they believe that the lack of one of these licenses means that the broker is working illegally.
However, best trading platforms europe, this is not the case for the foreign exchange market as it is an OTC free market market for which no specific rules apply. There are several regulators and industry watchdogs, but they only apply to one particular jurisdiction and do not apply to the industry as a whole at the global level.
Unlike laws, regulations are not written by legislators, but by bureaucrats on the basis of their understanding of what the market needs to function as smoothly as possible. This means that the rules are never fixed and are applicable to the entire foreign exchange market. Instead, they are flexible and can change at any time, contrary to the legal requirements.
European brokers are typically regulated by the FCA UK or CySEC Cyprus. Additionally, they are also licensed by local entities, such as the BaFin in Germany for example, if they operate further offices in Europe as well.
In addition to the FCA and CySEC, best trading platforms europe, there are other reliable regulatory authorities with strict rules and adequate consumer protection.
These include the Australian Securities and Investments Commission ASIC of Best trading platforms europe, the National Futures Association NFA of the USA and the Financial Services Board FSA of South Africa.
When it comes to customer support and the services offered by online brokers, we find huge differences between providers. It is always important being able to reach helpful and professional staff when we have specific, trading or product-related questions. It is even more important being able to speak to someone, should issues arise.
Most brokers offer support through various means such as phone, live chat and email. Some offered alternative solutions as well, such as WhatsApp, Viber, Facebook Messenger, and so forth. It's vital being able to get hold of someone immediately and, being a bit old-fashioned, we believe that a phone conversation is still the best solution.
Looking at the various trading account types a broker offers, the most important aspect is to select one option that suits your trading style and trading frequency. ECN-brokers are typically a little more expensive than those brokers that act as a market maker.
However, they are the ones that allow all types of trading styles and are ideal and more cost-effective for high-frequency traders, day traders and scalpers. Minimum deposits and available deposit methods are other factors that need to be kept in mind. This is especially true if you are new to trading, best trading platforms europe, and if you only want to get started with a smaller investment.
In this relation, it is also advisable to select a broker that offers a free demo account version. Demo accounts are a great way to start your journey with a new provider for testing trading conditions in real-time.
Even expert traders choose demo accounts before jumping on a new trading platform and start trading with real cash. They often back-test trading strategies before implementing them in best trading platforms europe trading to see if they can work.
The opportunities for further training exert a similar influence on the decision in favour of a provider. If you would like to be best trading platforms europe with shares, you would, of course also want to continue your education and close gaps in knowledge. This works well, for example, best trading platforms europe, through webinars or seminars in which users can participate.
Check brokers offers in regards to training materials such as tutorials, workshops, webinars and one-on-one coaching sessions. The demo account is not simply a nice addition. It has an essential importance for the testing best trading platforms europe new strategies and should be available indefinitely. Training opportunities are also an important factor in deciding for or against a provider.
Especially for stock trading, numerous free sample portfolios can be used. Providers that offer ongoing educational support are generally best trading platforms europe more trustworthy if there is no best trading platforms europe to sell behind them.
Of course, it is essential that you know beforehand which financial products you wish to trade before signing up with a provider. Available stock markets naturally play a particularly important role when it comes to trading stocks. Beginners in particular usually look around on the national stock exchanges best trading platforms europe would like to have a large selection here. However, if you are thinking about acting internationally, you should also pay attention to what is on offer when looking for a platform.
The more stock exchanges there are, the greater the supply, but also the danger of possibly getting bogged down. The own trading system should, therefore, be kept in mind during the search. The best trading platform for shares ideally offers access to national and international stock exchanges. If you are looking to trade the foreign exchange market particularly, you should check if the broker provides those currency pairs you want to trade.
Some companies offer a large selection of Forex pairs but only a few other instruments. If you wish to trade a number of commodities, metals, options, cryptocurrencies or invest in ETFs or investment funds, it is crucial to select a brokerage that offers those products. Costs can increase or decrease your returns immensely. We are not only speaking about spreads, trading costs or account maintenance fees here but also about share prices and the differences in buying and selling.
The #1 and #2 Best Platform/Broker's for Day Trading
, time: 23:455 Best Trading Platforms in Europe Ranked for
Our List of the Best Trading Platforms & Brokers in Europe: One of the Best Stock Trading Platform: Plus; Best Online Stock Broker: eToro; Best Stock Broker for Advanced Traders: IG Markets; Best Trading Platform For Beginners: eToro /07/08 · Popular European Countries For Trading Online. We list the most popular European countries below and have more detailed articles for the best brokers for each specific country. Compare United Kingdom UK Brokers. Compare Guernsey Brokers. Compare Gibraltar Brokers. Compare Greenland Brokers /07/01 · Our top picks for brokers with the best trading platforms in Europe in Saxo Bank, Danish investment bank; Oanda, US forex broker; NinjaTrader, Global platform provider focusing on futures trading; CMC Markets, Global CFD broker ; All 4 brokers cater to in Europe and provide great trading blogger.com: Gergely Korpos
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