Compare 8 top forex brokers for European clients, including FXGlory, eToro, XTB, FBS, Capitalcore, Interactive Brokers, Saxo Bank, and Trading 212. See regulation, leverage, minimum deposit, platforms, fees, and which broker fits beginners, high leverage trading, options, or low deposit accounts.
Choosing a forex broker in Europe starts with a few simple checks: regulation, leverage limits, minimum deposit, platform choice, and clear fees. This list ranks eight brokers that accept European clients, with a focus on simple onboarding, platform access, and beginner-friendly cost details.
Each broker below offers a demo account and supports quick funding through card or e-wallet style methods, so a funded account can be ready for trading without long delays.
Top Picks (Quick Summary)
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FXGlory, Best Overall: (Ultra-high leverage and a $1 minimum deposit)
Best for beginners with a very small budget who want leverage up to 1:3000 and access with a minimum deposit of $1. It offers fixed spreads and a 50% deposit bonus up to $2000, with MT4 and MT5 available.
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eToro, Best for beginners: (Simple multi-asset platform)
Best for new traders who want leverage up to 1:400, a minimum deposit of $10, and access to forex CFDs, stocks, indexes, and crypto CFDs on web and mobile. It charges a $10 monthly inactivity fee after 12 months with 0 login activity.
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XTB, Best for low starting deposits: (Zero minimum deposit)
Best for traders who want a $0 minimum deposit, leverage up to 1:500, with web, desktop, and mobile platforms plus TradingView connection.
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FBS, Best for bonus focused trading: (MetaTrader access and a 100% deposit bonus)
Best for traders who want leverage up to 1:3000, a minimum deposit of $5, and MT4 and MT5 support. It offers a 100% deposit bonus and an IB commission shown as a percentage of spread up to 43%.
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Capitalcore, Best for binary options trading and market variety: (Fixed spreads, options access, and 1:2000 leverage)
Best for traders who want leverage up to 1:2000, a minimum deposit of $5, and access to forex CFDs, stocks, indexes, crypto CFDs, options, and precious metals. It offers a 40% deposit bonus up to $2500.
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Interactive Brokers, Best for professionals: (Professional tools and options access)
Best for experienced traders who want a $0 minimum deposit, leverage up to 1:500, and access to forex CFDs, stocks, indexes, and options.
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Saxo Bank, Best for premium multi-asset investing: (Options access with instrument-specific leverage)
Best for traders who want a $0 minimum deposit, access to forex and multi-market products including options, and instrument-specific leverage up to 1:30.
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Trading 212, Best for mobile-first simplicity: (Mobile-first platform with a $1 minimum deposit)
Best for traders who want a minimum deposit of $1, leverage up to 1:500, and a web and mobile platform.
Comparison Table of Top Forex Brokers
Key Costs and Pricing Snapshot
- Minimum deposit range: 0 to 10 across this list. Brokers with a 0 minimum deposit include XTB, Interactive Brokers, and Saxo Bank. More low starting deposit choices are covered in low-minimum deposit brokers. Remember that $0 minimum deposit means you can open your account, but to open a position you need to deposit at least $1.
- Leverage range: from 1:30 (instrument specific) up to 1:3000.
- Spread types: fixed spreads are offered by FXGlory and Capitalcore, floating spreads are common across the rest.
- Inactivity fees with clear numbers: eToro charges a $10 monthly inactivity fee after 12 months with 0 login activity; FBS charges a €10 account maintenance fee after 12 consecutive months of inactivity.
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Deposit bonuses: FXGlory offers 50% up to $2000; Capitalcore offers 40% up to $2500; FBS offers 100% with the maximum of $10,000. More bonus-focused brokers are covered in deposit bonus brokers.
Why These Forex Brokers Made the List
These brokers made the list because they combine clear platform access, a demo account, and practical funding options. All nine entries have instant deposit processing through at least one method, which helps new traders move from sign-up to a funded account in one session.
The comparison also focuses on the parts beginners check first: regulation labels, maximum leverage, minimum deposit, spread type, inactivity fee wording, and the basic support schedule.
Best Forex Brokers — Detailed Reviews
FXGlory: Best for high leverage trading with fixed spreads
Overview
FXGlory is regulated by IFSA, has a maximum leverage of 1:3000, and a minimum deposit of 1. The spread type is fixed. A demo account is available.
Key facts
- Year founded: 2011
- Leverage: 1:3000
- Minimum deposit: 1
- Spread type: Fixed
- Inactivity fee: No fee
- IB commission: 15
- Platforms: Desktop platform, Web platform, Mobile trading, MT4, MT5, TradingView based proprietary platform
- Market variety: Forex CFDs, Crypto CFDs, Precious metals
- Support: 24/7
Pros
- Offers fixed spreads
- Support MetaTrader platforms
- Low minimum deposit
- High leverage
- 50% deposit bonus
- 24/7 bilingual support
Cons
- No welcome bonus
Best for: high leverage trading with fixed spreads.
Notes on setup
Identity and address checks are required for withdrawals. Supports MT4 and MT5. News trading and scalping are allowed.
eToro: Best for beginner-friendly multi-asset trading in one platform
Overview
eToro is regulated by CySEC, has a maximum leverage of 1:400, and a minimum deposit of 10. The spread type is floating.
Key facts
- Year founded: 2007
- Leverage: 1:400
- Minimum deposit: 10
- Spread type: Floating
- Inactivity fee: $10 monthly inactivity fee if your account has 0 login activity for over 12 months
- Platforms: Desktop platform, Web platform, Mobile trading, TradingView connection
- Market variety: Forex CFDs, Stocks, Indexes, Crypto CFDs, Precious metals (max leverage: 20)
- Support: 24/7 (AI Chatbot)
Pros
- Low minimum deposit
- TradingView features are supported
Cons
- MT4 and MT5 are not supported
- Deposit bonus is not offered
Best for: beginner-friendly multi-asset trading in one platform.
Notes on setup
Identity checks are part of account setup. MT4 and MT5 are not supported. News trading is allowed. Scalping policy is not offered.
XTB: Best for low minimum deposit accounts with strong regulation coverage
Overview
XTB is a regulated broker which has a maximum leverage of 1:500, and a minimum deposit of 0. The spread type is floating. A demo account is available.
Key facts
- Year founded: 2002
- Leverage: 1:500
- Minimum deposit: 0
- Spread type: Floating
- Inactivity fee: €10 per month if there has been no trading activity and no cash deposit for a period of 12 months.
- Platforms: Desktop platform, Web platform, Mobile trading, TradingView connection
- Market variety: Forex CFDs, Stocks, Indexes, Crypto CFDs (restricted), Precious metals (restricted)
- Support: 24/5
Pros
- Minimum deposit starts at 0.
- Maximum leverage is 1:500.
- TradingView features are offered.
Cons
- MT4 and MT5 are not supported.
- An inactivity fee applies.
- Some markets are offered with restrictions.
Best for: low minimum deposit accounts with strong regulation coverage.
Notes on setup
Identity checks are part of account setup. News trading and scalping are allowed.
FBS: Best for deposit bonus offers and MetaTrader access
Overview
FBS is regulated by CySEC, has a maximum leverage of 1:3000, and a minimum deposit of 5. The spread type is floating. A demo account is available.
Key facts
- Year founded: 2009
- Leverage: 1:3000
- Minimum deposit: 5
- Spread type: Floating
- Inactivity fee: €10 account maintenance fee if inactive for 12 consecutive months
- Platforms: Web platform, Mobile trading, MT4, MT5, TradingView connection
- Market variety: Forex CFDs, Stocks, Indexes, Crypto CFDs, Precious metals (max leverage 500)
- Support: 24/7
Pros
- Minimum deposit starts at 5.
- Maximum leverage is 1:3000.
- Deposit bonus is offered as 100%.
- TradingView features are supported.
- Support schedule is available 24/7.
Cons
- Limited real stocks, ETFs, options, and cryptocurrencies
Best for: deposit bonus offers and MetaTrader access.
Notes on setup
Verification notes: Verification is required for “full access” to FBS. Supports MT4 and MT5. News trading and scalping are allowed.
Capitalcore: Best for fixed spreads and bonus focused trading
Overview
Capitalcore is a regulated broker which offers a maximum leverage of 1:2000, and a minimum deposit of 5. The spread type is fixed.
Key facts
- Year founded: 2019
- Leverage: 1:2000
- Minimum deposit: 5
- Spread type: Fixed
- Inactivity fee: No fee
- Platforms: Desktop platform, Web platform, Mobile trading, TradingView based proprietary platform
- Market variety: Forex CFDs, Stocks, Indexes, Crypto CFDs, Options, Precious metals
- Support: 24/7
Pros
- Fixed spreads
- Low minimum deposit
- High leverage
- Offering deposit bonus
- 24/7 human support
- Offering binary options trading
Cons
- Support limited to English
Best for: Binary options trading and bonus-focused trading.
Notes on setup
Identity and address checks are required for withdrawals. News trading and scalping are allowed.
Interactive Brokers: Best for professional grade market access and options
Overview
Interactive Brokers is a trustworthy broker which has a maximum leverage of 1:500, and a minimum deposit of 0. Its spread type is floating.
Key facts
- Year founded: 1978
- Leverage: 1:500
- Minimum deposit: 0
- Spread type: Floating
- Inactivity fee: No fee
- Platforms: Desktop platform, Web platform, Mobile trading, TradingView connection
- Market variety: Forex CFDs, Stocks, Indexes, Options, Precious metals (restricted)
- Support: 24/6
Pros
- Minimum deposit starts at 0.
- Maximum leverage is 1:500.
- TradingView features are supported.
Cons
- Some markets are offered with restrictions.
- Deposit bonus is not offered.
Best for: professional grade market access and options.
Notes on setup
Identity checks are part of account setup. MT4 and MT5 are not supported. News trading and scalping are allowed.
Saxo Bank: Best for premium multi-asset investing with options
Overview
Saxo Bank is regulated and offers a maximum leverage of 1:30 instrument-specific, and a minimum deposit of 0. The spread type is floating.
Key facts
- Year founded: 1992
- Leverage: 1:30 instrument specific
- Minimum deposit: 0
- Spread type: Floating
- Inactivity fee: No fee
- Platforms: Desktop platform, Web platform, Mobile trading, TradingView connection
- Market variety: Forex CFDs, Stocks, Indexes, Crypto CFDs, Options, Precious metals (max leverage 1:10)
- Support: 24/5
Pros
- Minimum deposit starts at 0.
- TradingView features are supported.
Cons
- Deposit bonus is not offered.
- Low leverage on precious metals.
Best for: premium multi-asset investing with options.
Notes on setup
Full identity checks are required before account opening.
Trading 212: Best for mobile first trading with a low starting deposit
Overview
Trading 212 is regulated by CySEC with a maximum leverage of 1:500, and a minimum deposit of 1. The spread type is floating.
Key facts
- Year founded: 2004
- Leverage: 1:500
- Minimum deposit: 1
- Spread type: Floating
- Inactivity fee: No fee
- Platforms: Web platform, Mobile trading
- Market variety: Forex CFDs, Stocks, Indexes, Crypto CFDs (restricted), Precious metals (restricted)
- Support: 24/7
Pros
- Minimum deposit starts at 1.
- Maximum leverage is 1:500.
- Support schedule is 24/7.
Cons
- Some markets are offered with restrictions.
- Deposit bonus is not offered.
Best for: mobile first trading with a low starting deposit.
Notes on setup
Identity checks are part of account setup. News trading is allowed.
How Leverage and Fees Work in Practice
Leverage
Leverage is shown as a ratio, such as 1:500. With 1:500 leverage, a 1000 margin amount controls a 500000 position size. Higher leverage increases both gains and losses.
Inactivity fees
Inactivity fees are charged when an account stays unused for a long time. In this list, eToro charges a $10 monthly inactivity fee after 12 months with 0 login activity. FBS charges a €10 account maintenance fee after 12 consecutive months of inactivity.
Deposit bonuses
Deposit bonuses add extra credit after funding. This list includes FXGlory at 50% up to 2000, Capitalcore at 40% up to 2500, and FBS at 100% up to 10,000. Bonus accounts need careful reading of the bonus policy, especially withdrawal rules.
Spread types
Fixed spreads keep the quoted spread stable during normal conditions, while floating spreads change with market liquidity. FXGlory and Capitalcore have fixed spreads.
Who Should Choose Which Option?
- FXGlory: traders who want high leverage and fixed spreads, plus a low minimum deposit.
- eToro: beginners who want a simple platform and a wide mix of markets.
- XTB: traders who want a 0 minimum deposit.
- FBS: traders who want MT4 and MT5 and a deposit bonus.
- Capitalcore: traders who prefer fixed spreads with options trading.
- Interactive Brokers: experienced traders who want options and broad market access.
- Saxo Bank: investors who want options and wide market variety with instrument-specific leverage.
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Trading 212: beginners who want a web and mobile setup with a low minimum deposit.
How to Choose the Right Forex Broker
- Start with regulation. Match the broker entity to the protection rules needed in your country.
- Pick a platform. If MetaTrader matters, focus on brokers that support MT4 or MT5. If a simple app matters, focus on web and mobile platforms.
- Check fees that show up later. Inactivity fees and withdrawal rules can matter more than spreads for small accounts.
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Use a demo account first. A demo account helps you learn order types, margin, and risk controls.
Final Verdict
eToro stands out for a beginner-friendly platform and wide market variety. FXGlory stands out for high leverage, fixed spreads and deposit bonuses, while FBS stands out for MT4 and MT5 plus a 100% bonus listing. Capitalcore, Interactive Brokers and Saxo Bank stand out for options access and multi-market breadth. Trading 212 stands out for a simple web and mobile setup with a low minimum deposit.
Our Review Process & Updates
Each broker was compared on regulation labels, maximum leverage, minimum deposit, spread type, inactivity fee, platform coverage, market variety, and support schedule.
Account setup was evaluated by the steps needed to reach a first position: sign-up, required identity checks, first deposit, platform login, and placing the first trade. Brokers that list identity checks only for withdrawals were treated as faster to start, while brokers that list full identity checks before account opening were treated as slower to start.
- FXGlory: identity and address checks are tied to withdrawals, so the path to a first position focuses on sign-up, deposit, and platform login.
- eToro: account setup includes identity checks and policy reading is part of onboarding.
- XTB: account activation depends on document submission.
- FBS: setup includes verification for full access.
- Capitalcore: identity and address checks are tied to withdrawals.
- Interactive Brokers: setup includes a longer application style flow.
- Saxo Bank: full identity checks are required before account opening.
- Trading 212: setup includes identity and residency checks.
Updates should focus on changes in regulation entities, fee schedules, and platform availability, since these are the details that change the day-to-day trading experience.
Risk Warning
Forex and CFD trading use leverage and can move against you quickly. Leverage increases the size of both profits and losses. Only risk money you can afford to lose and use risk controls such as smaller position sizes and stop-loss orders.
FAQ
What is the best forex broker for beginners in Europe?
eToro fits beginners who want a simple platform, a minimum deposit of 10, and a wide mix of markets such as CFDs, stocks, indexes, and crypto CFDs.
What is the best forex broker for high leverage trading?
FXGlory and FBS offer maximum leverage of 1:3000. FXGlory offers fixed spreads and a 50% deposit bonus up to 2000, while FBS offers MT4 and MT5 and a 100% bonus rate.
What is the best forex broker for options trading?
In Capitalcore, Interactive Brokers and Saxo Bank options are available.
What is the best forex broker for MetaTrader platforms?
FBS and FXGlory support MT4 and MT5. Traders who want MetaTrader access can start with these two entries in the ranking.
What is the best forex broker for fixed spreads?
FXGlory and Capitalcore have fixed spreads. FXGlory offers a 50% bonus rate up to $2000, and Capitalcore offers a 40% bonus rate up to $2500.
Published by:
Elizabeth Sterling