7 Best Forex Brokers in Portugal

By Advertiser, in Business · 18-03-2021 13:17:00 · 0 Comments

The number of traders that have started emerging in the forex market has skyrocketed in the past few years across the world. Traders in Portugal who are looking for some of the best forex brokers that offer comprehensive trading solutions need not look further than the list below.

You might like: 27 Best Forex Brokers in Portugal.

IG

IG is a multi-regulated, multi-asset, and reputable STP, ECN, and DMA broker that has offices around the globe, offering traders with the comprehensive and competitive trade in a variety of financial instruments.

Pros and Cons

PROS

CONS

Strict regulation

Hight minimum deposit requirement

More than 16,000 financial instruments offered

Limited online payment processors

Tight spreads, low commissions, fast trade execution

Range of educational resources

Ready to start trading? Open a FREE Account here

Saxo Markets

Saxo Markets is a well-regulated Denmark-based STP, ECN, Market Maker, and NDD broker that has been in operation for more than 25 years, offering traders from around the world with the trade in more than 42,000 forex and CFD instruments.

Pros and Cons

PROS

CONS

Multi-regulated

US clients not accepted

Well-established bank and broker

Cryptocurrency trading not supported

Market analysis

Restricted leverage

Modern trading platforms

Fixed spreads not offered

XTB

XTB is one of the largest STP, ECN, and DMA brokers in addition to being one of few brokers listed on a stock exchange. XTB is based in several jurisdictions with regulation and authorisation in each to facilitate the trade of a variety of financial instruments.

Pros and Cons

PROS

CONS

Competitive trading conditions

US clients not accepted

Negative balance protection

Restricted leverage for EU clients

Award-winning trading platform

Fixed spreads not offered

Range of educational material

Limited exotic forex pairs

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FXCM

FXCM is an established and well-regulated broker that offers traders with a variety of financial instruments that can be traded through flexible trading platforms.

Pros and Cons

PROS

CONS

Strict regulation

US, Ukraine, Turkey, Russia, and several other jurisdictions not accepted

Multiple platforms offered

Limited tradable assets

Daily analysis offered

Not the tightest spreads

Advanced charting

AvaTrade

AvaTrade is a popular, multi-regulated, multi-asset, and multi-award-winning broker that offers traders from around the world with more than 250 financial instruments which can be traded through powerful and flexible trading platforms.

Pros and Cons

PROS

CONS

Strict regulation

US clients not accepted

Negative balance protection

Variable spreads not offered

Fixed spreads offered and commission-free options

Social trading supported

XM

XM is a large and popular broker that offers more than 2.5 million traders from 196 countries the trade in a variety of financial instruments spread across several asset classes.

Pros and Cons

PROS

CONS

Strict regulation

US clients not accepted

Negative balance protection

Fixed spreads not offered

Tight spreads, low commissions, fast and reliable trade execution

Hedging and scalping allowed

FP Markets

FP Markets is a popular, well-regulated ECN, STP, and DMA broker which has been in operating since 2005. FP Markets offers more than 10,000 tradable financial instruments across multiple global markets.

Pros and Cons

PROS

CONS

Strict regulation

US clients not accepted

ECN pricing and execution

No fixed spreads

Commission-free trading accounts

Multi-award-winning broker

Ready to start trading? Open a FREE Account here



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