Best Forex Brokers in Italy 2021
This article explores the very best Forex brokers catering to the Italian market. FXEmpire have conducted in depth research in order to identify the most trusted brokers around. This data is compiled from objective user reviews and our own in depth research. Read on to discover the best brokers for Italy.
The brokers below represent the best forex brokers in Italy.
| Broker | Rating | Official Site | Regulations | Min Deposit | Max Leverage | Trading Platforms | Foundation Year | Publicly Traded | Trading Desk Type | Currencies | Commodities | Indices | Stocks | Crypto | Commission on trades | Fixed spreads | offers promotions | Official Site |
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Visit Broker> This website is for general information purposes only and is operated by BDSwiss AG. BDSwiss AG is the BDSwiss Group’s Holding Company domiciled in Grienbachstrasse 11, 6300, Zug, Switzerland. BDSwiss AG does NOT offer any financial products or services. | BaFin, CySEC, FSA(JP), FSC, NFA | $100 | 1:30 | MT5, Proprietary, WebTrader | 2012 | Market Maker, STP | Visit Broker> This website is for general information purposes only and is operated by BDSwiss AG. BDSwiss AG is the BDSwiss Group’s Holding Company domiciled in Grienbachstrasse 11, 6300, Zug, Switzerland. BDSwiss AG does NOT offer any financial products or services. | |||||||||||
Visit Broker> 71% of retail investor accounts lose money when trading CFDs with this provider | ASIC, BVI, CBI, CySEC, FSA(JP), FSC, FSCA | $100 | 1:30 | AvaOptions, AvaSocial, AvaTradeGo, MT4, MT5, Proprietary, WebTrader | 2006 | Market Maker | Visit Broker> 71% of retail investor accounts lose money when trading CFDs with this provider | |||||||||||
Visit Broker> Your capital is at risk | ASIC, CySEC | $100 | 1:500 | IRESS, MT4, MT5, WebTrader | 2005 | No dealing desk | Visit Broker> Your capital is at risk | |||||||||||
Visit Broker> Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions. | CIMA | $200 | 1:500 | MT4, MT5, WebTrader | 2009 | ECN, STP | Visit Broker> Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions. | |||||||||||
Visit Broker> 72% of retail CFD accounts lose money | ASIC, CySEC, FCA, FSB, ISA, MAS | $100 | 1:30 | Plus500 | 2008 | No dealing desk | Visit Broker> 72% of retail CFD accounts lose money | |||||||||||
Visit Broker> Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. | ASIC, CySEC, FSA(SC) | $200 | 1:500 | cTrader, MT4, MT5 | 2007 | ECN, No dealing desk | Visit Broker> Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. |
BDSwiss
Regulated By:BaFin, CySEC, FSA(JP), FSC, NFA
Foundation Year:2012
Headquarters:Apostolou Andrea Street 11, Hyper Tower, 5th Floor, Limassol 4007
Min Deposit:$100
This website is for general information purposes only and is operated by BDSwiss AG. BDSwiss AG is the BDSwiss Group’s Holding Company domiciled in Grienbachstrasse 11, 6300, Zug, Switzerland. BDSwiss AG does NOT offer any financial products or services.
BDSwiss was founded in 2012 and offers trading accounts regulated under the Mauritius Financial Services Commission and the Cyprus Securities and Exchange Commission.
Users can trade on more than 250+ financial CFD instruments covering Forex, Commodities, Cryptocurrencies, Indices and Equities, on 3 account types called Classic, VIP and Raw on the MetaTrader 4 and MetaTrader 5 trading platforms and the broker’s own BDSwiss Web Trader and BDSwiss Mobile App.
The broker also offers educational events via live analysis and educational webinars and seminars, as well as a beginner to advanced courses in its Trading Academy. Users can also access AutoChartist and live trading alerts via Telegram, depending on account type. Customer service is offered 24/5.
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AvaTrade
Regulated By:ASIC, BVI, CBI, CySEC, FSA(JP), FSC, FSCA
Foundation Year:2006
Headquarters:Five Lamps Place, 77-80 Amiens Street, Dublin 1, DO1A742, Dublin, Ireland
Min Deposit:$100
71% of retail investor accounts lose money when trading CFDs with this provider
AvaTrade was founded in 2006 and is authorised and regulated across all six continents it operates including by the CBI, BVI FSC, ASIC, FSCA, FSA and ADGM. It is one of the oldest online forex and CFD brokers with a well-established reputation for customer support, competitive fees and spreads – all in addition to offering a large range of financial instruments, even including ETFs and FX options for those who like to diversify across assets.
Users can choose to open several different account types – Retail, Professional, Spread betting and Options. The differences are discussed in the account opening section below. Retail, professional accounts offer access to over 1,250+ financial instruments across the AvaTrade propriety web-based platform, MetaTrader 4 and MetaTrader 5. Additional platforms include DupliTrade, AvaTradeGo, AvaOptions and AvaSocial, all of which are discussed further down this review.
AvaTrade also offers an array of research and market commentary from basic to expert trading videos, Online Trading Strategies, News, Market Analysis, Economic Calendars, as well as access to Trading Central which offers users market insights and intelligence through WebTrader and AvaTradeGO.
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FP Markets
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Regulated By:ASIC, CySEC
Foundation Year:2005
Headquarters:Level 5, Exchange House 10 Bridge St Sydney NSW 2000, Australia
Min Deposit:$100
Your capital is at risk
FP Markets was founded in 2005 and is regulated by the Australian Securities and Investments Commission (ASIC), offering segregation of client funds and top tier liquidity. FP Markets is a group of companies that includes First Prudential Markets Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission.
The broker offers the ability to trade on more than 10,000+ financial instruments covering Forex, Equities, Metals, Commodities, Indices and Cryptocurrency CFDs. Users have access to a range of accounts including the Standard Account (commission-free) and Raw Account (commission-based) for MetaTrader users, both offering ECN pricing and maximum leverage of 500:1. Users can also access Iress Accounts which are commission-based.
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Vantage FX
Regulated By:CIMA
Foundation Year:2009
Headquarters:Level 4, 42 N Church St, George Town, Cayman Islands
Min Deposit:$200
Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions.
Vantage FX was founded in 2009 in Australia and is the brand name of the Vantage International Group which is regulated by the Cayman Islands Monetary Authority (CIMA) and advertises the segregation of client funds which are held with Australia’s AA rated National Australia Bank (NAB).
The broker offers services that are designed for both beginner and professional traders with access to Forex ECN trading, as well as CFD trading on Indices, Commodities and U.S and Hong Kong Shares on the MetaTrader 4 and MetaTrader 5 trading platforms for Mac, PC, iOS and Android as well as social trading platforms such as MyFXbook and Zulutrade.
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Plus500
Regulated By:ASIC, CySEC, FCA, FSB, ISA, MAS
Foundation Year:2008
Headquarters:Building 25, MATAM, Haifa, Israel
Min Deposit:$100
72% of retail CFD accounts lose money
Plus500 is a leading CFD trading platform with support for stocks, indices, cryptocurrencies, and Forex. This commission-free brokerage charges very low spread-rates and offers fast trades on a great platform. Plus500 supports complex trades, includes negative balance protection, and makes trading an educational and hopefully profitable venture.
You can start with a free demo account to test the platform and any trading strategy. Real money accounts offer leverage of up to 1:30. This broker is based in Israel and regulated by the Financial Conduct Authority (FCA) in the UK.
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IC Markets
Regulated By:ASIC, CySEC, FSA(SC)
Foundation Year:2007
Headquarters:International Capital Markets Pty Ltd Level 6 309 Kent Street Sydney NSW 2000, Australia
Min Deposit:$200
Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
IC Markets was founded in Sydney, Australia, in 2007 and is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), as well as the Seychelles Financial Services Authority (FSA).
The broker offers three core trading accounts called Raw Spread (cTrader), Raw Spread (MetaTrader) and a Standard Account (MetaTrader). Spreads start from zero pips on the Raw Spread accounts with commission-payable. The Standard Account offers commission-free trading with spreads from just one pip. The broker also offers demo trading accounts and Islamic swap-free accounts.
While the broker offers services and features designed for both beginner and professional traders, the company promotes themselves as the ‘go-to’ choice for high volume traders, scalpers and trading algos due to their New York Equinix NY4 data centre – processing over 500,000 trades per day. The broker also offers additional trading features such as social trading integration with ZuluTrade and MyFXbook.
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How to Choose a Forex Broker as an Italian Trader
Unlike forex trading in the UK or other major economies in the EU, there is very little interest in online forex trading in Italy. This is largely due to the fact that the Italian financial regulatory Commissione Nazionale per le Societa e la Borsa (CONSOB) has maintained a hard stance against investments which are considered high risks investments. As such, Italian forex traders have very few choices when it comes to finding an Italian forex broker. In fact, most of the forex brokers that are currently serving Italian forex traders are forex brokers that are based in other EU member states such as Cyprus or the UK. Nevertheless, there are still a few home-grown Italian forex brokers that are trying to establish their presence in this ultra competitive industry.
In Italy, the main financial regulatory agency that that is tasked with regulating the financial services industry is CONSOB or the “Italian National Commission for Companies and the Stock Exchange” as it is known in English. Established in 1974, CONSOB main responsibilities include the following:
- Verify the information provided to the market by financial services providers or companies soliciting investments from the public.
- Authorize the centralized management of financial instruments, regulated markets and the publication of prospectuses.
- Monitor the operations of financial services providers in the industry to ensure transparent and orderly conduct.
- Regulate the operations of financial services providers in the industry.
- Penalizes any unfair conduct by financial services providers in the industry
Trading Platforms & Software
Forex brokers in Italy can generally be classified into 2 categories, homegrown and offshore based. For most local Italian forex brokers, they usually operate on proprietary trading platforms as opposed to generic trading platforms used by most forex brokers that are headquarters in other EU states. This is because these homegrown brokers have tailored their services to cater for the specific needs of Italian forex traders. For “passporting” forex brokers, their trading platforms tend to be white labeled generic platforms such as the popular MetaTrader 4 platform or the Sirix WebTrader as they have to cater to a larger audience around the world.
Commissions & Spreads
Italian forex brokers like most brokers in the industry only charge their clients a small spread on the trades that they make which can range from 0.1 pips to 2 pips for the majors. Commissions are only applicable when traders are trading from Italian forex brokers that offer ECN trading facility.
Account Types & Deposit Methods
Catering to retail traders, most forex brokers in Italy do offer their traders a choice of several types of trading accounts. These trading accounts can be:
- Micro/Mini accounts that let traders trade in lots smaller than a standard lot
- a standard trading account for the majority of traders.
- a VIP trading account for institutional traders or those trading large daily volumes
Funding of these trading accounts is usually done through credit cards, eWallets or Bank wire transfer.
Customer Service
With most brokers lacking a physical presence in the markets that they operate in, their only point of contact is the Customer support service. As a broker that is serving the Italian forex trading industry, it is essential that the broker is also able to provide support in Italian as well. In addition, it is a plus point for the broker if its website is also translated in Italian. It’s ideal if the broker, no matter where they are based has a localized Italian telephone number.
Additional Services
Often forex brokers try to differentiate their services from other brokers in the industry, as there are so many out there. To do this, they usually offer their clients additional value added services such as free trading signals and market analysis. In some cases, you will also find some brokers going to the extent of providing free VPS service to enhance the quality of their trading services, which speeds up trade execution times.
Conclusion
To find the best forex brokers in Italy often requires extensive research and knowledge about the brokers operating in the industry. In order to help our Italian readers make a more informed decision, we have thoroughly reviewed a variety of forex brokers and created a drilled down list that meet our strict criteria in terms of security, customer service, trading platforms and regulatory oversight. These recommended Italian forex brokers will be able to adequately serve the needs of forex traders based in Italy.