Best Forex Brokers in The Netherlands
Many forex brokers want to capture a slice of the retail forex trading business in the Netherlands. That means there’s a great choice for you the trader. But how can you know who is the best forex broker to work with? We have done the legwork and carried out research to compile a list on the best brokers, which takes into consideration product, service and reliability.
The brokers below represent the best Forex Brokers for trading in the Netherlands
| Broker | Official Site | Regulations | Min Deposit | Max Leverage | Trading Platforms | Foundation Year | Publicly Traded | Trading Desk Type | Currencies | Commodities | Indices | Stocks | Crypto | offers promotions |
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 | Visit Broker> This material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for Difference (CFDs) are derivatives and can be risky; When trading CFDs you do not own or have any rights to the CFDs underlying assets. FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from FP Markets can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354). FP Markets is a group of companies which include, First Prudential Markets Ltd (registration number HE 372179), a company authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC License number 371/18, Registered Address: Griva Digeni, 109, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus. FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations. | ASIC, CySEC | $100 | 1:30 (ASIC), 1:30 (CySEC) | MT4, MT5, IRESS, WebTrader | 2005 | DMA, ECN, No dealing desk, STP | |||||||
 | 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 | 1:30 (ASIC), 1:30 (CySEC), 1:500 (FSA(SC)) | MT4, MT5, cTrader | 2007 | ECN, No dealing desk | |||||||
 | Visit Broker> Your capital is at risk | FCA, CySEC, FSCA | $100 | 1:30 (FCA), 1:30 (CySEC), 1:500 (FSCA) | MT4 | 2010 | Bank, 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. | ASIC, CIMA | $200 | 1:30 (ASIC), 1:250 (CIMA) | MT4, | 2009 | No dealing desk, STP | |||||||
 | Visit Broker> 82% of retail CFD accounts lose money | FCA, CySEC, FSC | $50 | 1:30 (FCA), 1:30 (CySEC), 1:3500 (FSC) | MT4, MT5, Proprietary | 2011 | No dealing desk, ECN, Market Maker | |||||||
 | Visit Broker> 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | FCA, ASIC, CySEC, FSCA, MAS, FMA, FSA | $100 | 1:30 (FCA), 1:30 (ASIC), 1:30 (CySEC), 1:30 (FSCA), 1:20 (MAS), 1:30 (FMA), 1:30 (FSA) | Plus500 | 2009 | No dealing desk |
FP Markets
Regulated by:ASIC, CySEC
Headquarters:Australia
Foundation Year:2005
Min Deposit:$100
This material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for Difference (CFDs) are derivatives and can be risky; When trading CFDs you do not own or have any rights to the CFDs underlying assets. FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from FP Markets can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354). FP Markets is a group of companies which include, First Prudential Markets Ltd (registration number HE 372179), a company authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC License number 371/18, Registered Address: Griva Digeni, 109, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus. FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations.
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.
FP Markets also offers a range of education and market analysis resources through the Traders Hub which includes technical analysis and fundamental analysis articles and videos, as well as, trading ebooks and video tutorials. Users can access live support via telephone, email and live chat 24 hours a day, 5 days a week.
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IC Markets
Regulated by:ASIC, CySEC, FSA(SC)
Headquarters:Australia
Foundation Year:2007
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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IronFX
Regulated by:FCA, CySEC, FSCA
Headquarters:Cyprus
Foundation Year:2010
Min Deposit:$100
Your capital is at risk
Founded in 2010, IronFX provides its services via four entities: Notesco Financial Services Ltd (Cyprus), Notesco UK Limited (UK), Notesco (SA) Pty Ltd (South Africa), and Notesco Limited (Bermuda).
The broker offers the highly popular MetaTrader 4 platform.Traders have seven types of accounts to choose from. Three accounts offer the option to choose between the fixed and the floating spread. There is an Islamic Account option for four types of accounts.
IronFX offers a high number of forex pairs, commodities, and indices. The cryptocurrency offering is also interesting. The number of available stocks is medium. There are plenty of options for deposits and withdrawals. Traders can use various base currencies.
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Vantage
Regulated by:ASIC, CIMA
Headquarters:Australia
Foundation Year:2009
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.
Founded in 2009, Vantage is an award-winning multi-asset broker headquartered in Sydney, Australia. The company has more than 1,000 employees across 30 global offices. Vantage has over 50,000 active clients worldwide, trading CFDs on forex, commodities, indices, shares, and cryptocurrencies. Available platforms include MetaTrader 4, MetaTrader 5, ProTrader, and the Vantage app.
Vantage offers a Standard STP Account with spreads starting at 1 pip and $0 commissions along with RAW and PRO ECN accounts, with spreads starting at 0 pips and commissions as low as $1.75 per lot per side. The Vantage Global Prime Pty Ltd entity is regulated by the Australian Securities and Investments Commission (ASIC), and the Vantage International Group Limited entity is regulated by the Cayman Islands Monetary Authority (CIMA). Vantage is strictly audited and keeps all client funds in a segregated trust account.
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FXTM
Regulated by:FCA, CySEC, FSC
Headquarters:Cyprus
Foundation Year:2011
Min Deposit:$50
82% of retail CFD accounts lose money
FXTM is an ECN/STP broker that was established in 2011 to offer Forex and CFDs and is highly regulated in the UK by the FCA among other regions. They offer the trading of over 250 assets through the MT4 and MT5 platforms.
MT4 is available through WebTrader, download client or mobile. The ECN Zero and ECN accounts on FXTM are operated with MT4 bridge software. Therefore, the same MT4 features are available to traders with these accounts as well as the regular accounts.
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Plus500
Regulated by:FCA, ASIC, CySEC, FSCA, MAS, FMA, FSA
Headquarters:Israel
Foundation Year:2009
Min Deposit:$100
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your 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.
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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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.