If you are a trader based in Europe, you might know that CySEC regulation is the gold standard for brokers that operate in the EU. Being a European trader myself, I know how important it is to have a locally regulated broker that adheres to strict rules, so I can place my trades and have peace of mind that my money is protected by a strong regulator. For this guide, I’ve selected three brokers that are not only regulated by CySEC but have also performed very well in our reviews.
Our team of experts has identified each broker’s strengths and weaknesses using FXEmpire’s comprehensive methodology.
Now, let us go over the selected brokers for each category.
I consider Capital.com a go-to broker for trading in Europe. It has operated for over 10 years and has a strong presence in Europe and worldwide. In my testing, Capital.com stood out for its great selection of trading platforms, order execution of 25ms, and impressive collection of over 5000 assets, including 540+ crypto CFDs, one of the biggest offerings I’ve encountered among CFD brokers.
Capital.com appeals to European traders with its excellent Web Trader. My first impression of the platform was that it has amazing, wide charts, perfect for technical analyses. The platform is also integrated with advanced market analytics, keeping you in sync with the newest trading opportunities.
I learned that Capital.com averages execution speeds of around 25 milliseconds, easily beating the industry average of 60 milliseconds. The broker also provides FIX API solutions for DMA trading, so you can obtain raw spreads directly from an exchange’s order books.
Although Caital.com has only one trading account, it covers all, and the entry barrier is only EUR 20. I opened this account to test live spreads, and I figured out that Capital.com has very favorable conditions. The highlight of my testing was the 0.6-pip EURUSD spread I recorded during the London and New York sessions. Spreads on popular stocks and indices also beat our benchmark.
I also consider Capital.com as a very user-focused broker. It has developed its own Investmate app for learning, and also has a massive library of articles, guides, courses, and videos on its website.
Libertex has earned my stamp of approval for its range of over 1,000 trading and investing assets. While it’s not the biggest offering in the industry, Libertex hits with a diversity of assets across forex, commodities, shares, indices, cryptocurrencies, ETFs, and bonds.
The highlights of Libertex’s selection are 110+ crypto CFDs and 1130 share CFDs. The broker also gives access to bonds and options – something you won’t find with each European broker. Another unique feature is 12 assets that you can trade swap-free, even without opening an Islamic account.
I opened a Libertex account, which features raw spreads from 0.1 pips and a €5 round-turn commission per traded lot (100,000 units). This combination falls below the industry average and is suitable for high-frequency trading.
Libertex has developed an excellent proprietary platform, which is highly customizable and feature-rich. It supports fast order execution, which is essential when trading volatile instruments like cryptocurrencies and conducting probing technical analyses.
FxPro is a global leader in the online trading industry. Founded in 1999 and headquartered in the United Kingdom, it is also authorized by CySEC and renowned for its powerful FxPro Trading Platform, whose intuitive, user-friendly design is perfectly balanced with its high functionality. Another highlight of FxPro is its massive offering of over 2,100 tradable instruments.
I was most impressed by the FxPro Platform’s powerful charting capabilities. Scaling price action up and down was a delight, and I found it very easy to recognize various price patterns thanks to the high-definition charts. I also counted 53 technical indicators, 13 drawing tools, and used the platform to place market, limit, and stop orders. You can also customize your watchlists and set price alerts.
The FxPro Platform is also a great fit for rapid-action trading, thanks to the broker’s fast execution speeds. FxPro’s Equnix servers are located in London, which benefits European traders due to their close proximity. I learned that the broker averages execution speeds below 8 milliseconds, with 91% of client orders getting filled at the requested price or even better.
I tested FxPro’s Standard account, which features an all-inclusive spread from 1.2 pips and zero commissions. My test revealed that FxPro offers favorable conditions for trading indices. However, its fees on instruments from other asset classes hover above the industry average.
The team of forex and CFD analysts and editors at FXEmpire is composed of trading industry professionals and seasoned financial journalists. Our experts have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later, Dan gained insight into the forex industry during his time as a Series 3 licensed futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.