Best Forex Brokers in the Netherlands 2019

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Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.
Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.

AvaTrade

Regulated By:

ASIC, BVI, FSA(JP), FSB

Foundation Year
2006
Headquarters:

N/A

Min Deposit
$100
Visit Broker

Your capital is at risk

eToro

Regulated By:

ASIC, CySEC, FCA

Foundation Year
2007
Headquarters:

N/A

Min Deposit
$200
Visit Broker

76% of retail investor accounts lose money

Markets.com

Regulated By:

CySEC, FSB

Foundation Year
2008
Headquarters:

N/A

Min Deposit
$100
Visit Broker

CFDs carry risk. 73% of traders lose

FXTM

Regulated By:

CySEC, FCA, IFSC

Foundation Year
2011
Headquarters:

FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus

Min Deposit
$10
Visit Broker

Your capital is at risk

FBS

Regulated By:

CySEC, IFSC

Foundation Year
2009
Headquarters:

N/A

Min Deposit
$1
Visit Broker

Your capital is at risk

Plus500

Regulated By:

ASIC, CySEC, FCA, FSB, ISA, MAS

Foundation Year
2008
Headquarters:

Building 25, MATAM, Haifa, Israel

Min Deposit
$100
Visit Broker

80.6% of retail CFD accounts lose money

Forex Brokers in the Netherlands Comparison Table

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Broker
Rating
Regulations
Headquarters Country
Foundation Year
Min Deposit
Max Leverage
Trading Platforms
Publicly Traded
Restricted Countries
Trading Desk Type
Currencies
Commodities
Indices
Stocks
Cryptocurrency
ETFs
Bonds
Futures
Options
Mutual funds
Deposit
Withdrawal
Commission on trades
Fixed spreads
OS Compatibility
Mobile trading
promotions
Visit Broker
ASIC, BVI, FSA(JP), FSB

Ireland

2006

$100

1:400

ActTrader, MT4

No

United States

Market Maker

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

No

No

Credit Card, Moneybookers, Neteller, PayPal, Union Pay, Webmoney, Wire Transfer

Credit Card, Moneybookers, Neteller, PayPal, Union Pay, Webmoney, Wire Transfer

No

Yes

N/A

N/A

No
Open Account

Your capital is at risk

ASIC, CySEC, FCA

Cyprus

2007

$200

1:30

cTrader, Currenex, eToro Platform, Keystone, Marketspulse, Mirror Trader, MT4, MT5, Tradologic, ZuluTrade

No

Canada, Indonesia, Iran, Isle of Man, Israel, Jamaica, Japan, Niger, North Korea, Sweden, Syria, Trinidad and Tobago, Turkey, United States

Market Maker, No dealing desk, STP

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

No

No

Credit Card, Moneybookers, Neteller, PayPal, Skrill, Webmoney, Wire Transfer

Credit Card, Moneybookers, Neteller, PayPal, Skrill, Webmoney, Wire Transfer

Yes

No

N/A

N/A

No
Open Account

76% of retail investor accounts lose money

CySEC, FSB

Cyprus

2008

$100

1:300

MT5

No

Belgium, Japan, Russian Federation, United States

Dealing Desk, Market Maker

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

No

No

Credit Card, Moneybookers, Neteller, PayPal, Skrill, Wire Transfer

Credit Card, Moneybookers, Neteller, PayPal, Skrill, Wire Transfer

No

No

N/A

N/A

No
Open Account

CFDs carry risk. 73% of traders lose

CySEC, FCA, IFSC

Cyprus

2011

$10

1:30

MT4

No

Belize, Japan, United States

ECN, STP

Yes

Yes

Yes

Yes

Yes

No

No

No

No

No

Credit Card, Neteller, QIWI, Skrill, Webmoney, Wire Transfer

Credit Card, cryptocurrencies, Neteller, QIWI, Skrill, Webmoney, Wire Transfer

Yes

No

Desktop platform (Windows), Desktop platform (Mac), Web platform

Android, iOS

No
Open Account

Your capital is at risk

CySEC, IFSC

Russian Federation

2009

$1

1:3000

MT4, MT5

No

Russian Federation, United States

ECN, No dealing desk, STP

Yes

No

No

No

Yes

No

No

No

No

No

Cash-U, Credit Card, Moneybookers, Neteller, PerfectMoney, QIWI, Skrill, Wire Transfer

Cash-U, Credit Card, Moneybookers, Neteller, PerfectMoney, QIWI, Skrill, Wire Transfer

No

Yes

N/A

N/A

No
Open Account

Your capital is at risk

ASIC, CySEC, FCA, FSB, ISA, MAS

Israel

2008

$100

1:30

Plus500

Yes

Afghanistan, Albania, Algeria, Angola, Armenia, Azerbaijan, Bahamas, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Burkina Faso, Burundi, Cambodia, Canada, Cape Verde, cayman-island, Cayman Islands, Cayman Islands, Central African Republic, Chad, Chile, China, Colombia, Comoros, Congo, Costa Rica, Cote d'Ivoire, Croatia, Cuba, Denmark, Djibouti, Dominica, Dominican Republic, Dubai, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Fiji, France, Gabon, Gambia, Georgia, Germany, Ghana, Greece, Grenada, Guatemala, Guernsey, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Iceland, India, Indonesia, Iran, Iraq, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Niger, North Korea, United States

No dealing desk

Yes

Yes

Yes

Yes

Yes

Yes

No

Yes

Yes

No

Credit Card, Moneybookers, PayPal, Skrill, Wire Transfer

Credit Card, Moneybookers, PayPal, Skrill, Wire Transfer

No

Yes

Desktop platform (Windows), Desktop platform (Mac), Web platform

Android, iOS

No
Open Account

80.6% of retail CFD accounts lose money

Introduction to Forex Brokers in The Netherlands

The Dutch financial services industry is a tightly regulated industry. It comes under the jurisdiction of the Autoriteit Financielle Markten (AFM) or in English, Netherlands Authority for the Financial Markets. The financial industry in the Netherlands like in many other major European economies is still reeling from the after effects of the financial crisis that swept across Europe in 2008. As a result, the industry is tightly regulated. Given the Netherlands close physical proximity to other major economies in Europe, the bulk of the Dutch forex brokers serving the forex trading industry in the Netherlands are based in other European Union (EU) member states.

Regulations

The financial industry in the Netherlands falls under the jurisdiction of the Netherlands Authority for the Financial Markets or AFM as it is often known. It was established in 2002 to replace the Stichting Toezicht Effectenverkeer – STE (Securities Board of the Netherlands). Although the AFM is an autonomous body, it comes under the responsibility of the Dutch’s minister of finance. It is the regulatory body that issues licenses to homegrown brokers that wish to participate in the retail forex trading industry. And under the EU’s MiFID rules, it also provides authorization to forex brokers from other EU states “passporting” their authorization issued from their home states to operate legally in the Netherlands. The key requirements for the Dutch forex brokers to operate in the Netherlands are:

  • Submit regular financial reports to the AFM to disclose the state of their operations including clients’ trading data and trading volume.
  • Disclosure of changes in issued capital by more than 1%.
  • Offshore brokers are required to establish local branches and obtain authorization of their local branches.

All these requirements are in line with the AFM’s main objectives which include:

  • Improving access to the financial markets
  • Encourage the smooth operations of the financial markets in the Netherlands
  • Instill confidence in the Dutch financial markets

Trading Platforms & Software

Since the majority of the Dutch forex brokers are branches of leading brokers that are established outside the Netherlands, the trading platform that most Dutch forex traders will encounter is the MetaTrader 4 (MT4) trading platform. The MT4 platform is in fact considered the forex industry trading platform due to its widespread adoption by the majority of the forex brokers in the industry. Other common trading platforms that many Dutch forex traders will encounter are the cTrader and Sirix WebTrader. These platforms are also popular among forex traders from all over the world and not just in the Netherlands. While there are forex brokers who offer their own proprietary trading platforms, these are few and rare in the Dutch forex trading scene.

Commissions & Spreads

In the forex trading industry, it is standard practice for forex brokers not to charge their traders any commissions on the trades that they make. Commissions are only charged when the broker offers clients raw spreads from the liquidity pool through the Electronic Communication Network (ECN). Instead of commissions, forex traders are required to pay a small spread on the trades that they make. The spread is the difference between the BID and ASK price.

Account Types & Deposit Methods

It is the norm for retail forex brokers to try and capture as much as possible of the forex trading industry market share by offering their clients more than one type of trading account. These trading accounts can be categorized as:

  • Micro/Mini account

Micro/Mini accounts are typically for beginner traders as they allow traders to trade in lots smaller than the standard size lot (100,000 units).

  • Standard account

For the standard account, the minimum lot size in 100,000 units.

  • VIP account

VIP accounts are typically premium accounts that have extra perks and benefits over other types of trading accounts.

In addition to these types of trading accounts, brokers who offer ECN trading access will often provide a separate type of trading account called the ECN trading account.

Customer Service

Brokers that are serving forex traders in the Netherland will normally have their website translated into Dutch as well. In addition, the support staff are usually multi-lingual and able to converse in Dutch and the company should have a localized Dutch phone number.

Conclusion

Because the forex trading industry is an extremely competitive industry, it is rare to find forex brokers solely serving clients from a particular country. Instead, brokers target a particular region that compromises of several countries in order to reap the benefits of the economies of scale.

Understanding that it is often difficult to find the right broker without any previous trading experience or knowledge of the industry, we have compiled a list of the best brokers that we have scrutinized closely from our research and are confident that they will be able to cater to the trading needs of Dutch forex traders.