Best Forex Brokers in Ireland 2023

Central Bank of Ireland’s strict policy about forex trading attracts the Irish to start trading in the country. However, Ireland doesn’t have any popular local brokers. Hence, traders need to rely on offshore brokers. And there are hundreds of European brokers! So, which one should you choose to kick off your forex trading in Ireland? Well, we have made Ireland forex brokers list in this article.

And you can pick one without any hesitation. In addition to that, this article will also give you a guide on choosing the best forex brokers in Ireland.

Best Forex Brokers in Ireland List:

• FP Markets
• FxPro
• IC Markets
• FBS Markets
• XM
• BlackBull Markets
• HF Markets
• Axi
• Oanda
• Pepperstone

RANK	VISIT BROKER	REGULATION We only list licensed brokers that comply with the requirements of prominent regulatory agencies.	MIN DEPOSIT The minimum amount you need to deposit in order to start trading.	DEPOSIT BONUS	RATING	MAX LEVERAGE Leverage refers to the ratio of securities you can buy for a given payment. The higher the leverage ratio, the higher your buying power (and the higher the risk). For example, a leverage ratio of 500:1 means you can purchase 500 securities, but only pay the equivalent of 1 security valuation. The leverage ratio offered can vary depending on the experience level of the trader.	PAYMENT SYSTEM	SUPPORT	START TRADING
1		ASIC, CySEC, FSP	$100	No Bonus	99 Read Review	1:500		Telephone: +44 28 2544 7780	Open an Account More Information
Pros Excellent education tools Low forex fees Fast account opening Easy funding methods Cons No bonuses Platforms & Devices READ FULL REVIEW
2		ASIC, CySEC, FSA, SCB	$200	No Bonus	94 Read Review	1:500		Telephone: +248 467 19 76	Open an Account More Information
Pros Low forex fees Fast order execution Analytical training materials 90+ instruments Cons Slow live chat support Non-EU traders don’t get investor protection Platforms & Devices READ FULL REVIEW
3		FSA	$0	No Bonus	92 Read Review	1:500		Telephone:	Open an Account More Information
Pros 9 base currencies 24/7 technical service Direct market access VPS, FIX API, copy trading Superior trading conditions Cons No negative balance protection Withdrawal fees Platforms & Devices READ FULL REVIEW
4		FCA, CySEC, FSCA, SCB	$100	No Bonus	91 Read Review	1:100		Telephone: +44 (0) 203 151 5550	Open an Account More Information
Pros Excellent customer service Free deposit and withdrawal Negative balance protection Wide range of platform Cons Inactivity fee High Trading Fees for some CFDs Platforms & Devices READ FULL REVIEW
5		ASIC, FCA, CySEC, SCB	$100	No Bonus	90 Read Review	1:500		Telephone:	Open an Account More Information
Pros Fully digital account opening Low forex fees Research tools Free Education Resources Cons No bonuses Platforms & Devices READ FULL REVIEW
6		ASIC, CySEC	$1	100%	90 Read Review	1:3000		Telephone: +35 7251 23212	Open an Account More Information
Pros No withdrawal fee Low stock and stock index CFD fees Negative balance protection No inactivity fee Cons Average forex CFD fees No PAMM accounts Platforms & Devices READ FULL REVIEW
7		ASIC, CySEC, FSC	$5	Up to $5000	88 Read Review	1:1000		Telephone: +501 223-6696	Open an Account More Information
Pros Low withdrawal fees Great educational tools Wide range of leverage Multilingual customer support Cons Non-EU traders don’t get investor protection Lack of weekend customer support Platforms & Devices READ FULL REVIEW
8		FCA, DFSA, FSCA, FSA, CMA	$5	100%	85 Read Review	1:1000		Telephone: +44-2030978571	Open an Account More Information
Pros Low spread Controlled by several regulators Numerous deposit and withdrawal Favorable trading conditions Cons Few account currencies Only USD or EUR as base currencies Platforms & Devices READ FULL REVIEW
9		ASIC, FCA	$0	No Bonus	78 Read Review	1:500		Telephone: +61 2 9965 5830	Open an Account More Information
Pros Automatic insurance coverage Low entry threshold Fully digital account opening Low forex fees Cons Limited research tools Only forex and CFD trading Platforms & Devices READ FULL REVIEW
10		FCA, ASIC, DFSA	$200	No Bonus	75 Read Review	1:500		Telephone: +1786 628 1209	Open an Account More Information
Pros Digital account opening process Seamless deposit and withdrawal Attractive trading conditions No inactivity fee Cons No cent account Few analytical materials Platforms & Devices READ FULL REVIEW

Is forex legal in Ireland?

Forex trading is legal in Ireland. Central Bank of Ireland regulates the forex market along with other financial activities in the country. So, you will not face any problem trading in Ireland. Additionally, Irish people are allowed to trade using offshore brokers too.

Choosing the Best Forex Brokers in Ireland

If you are looking to trade currencies online in Ireland, it’s important to research which forex broker is best suited for your needs. The following part will outline some essential things that you should consider when narrowing down your search. Below are the key points to keep in mind before deciding on Ireland forex brokers.

Best Forex Trading Platform in Ireland

There are several platforms to choose from when trading forex online, which include MetaTrader 4 (MT4), MetaTrader 5, cTrader and other custom platforms offered by the brokers. It’s recommended that you try a demo account before trading with your own money. This will give you a chance to test out the platform for yourself and see if it meets your requirements.

Spreads and Commissions

This refers to the difference between the bid price and asks price, in addition to any associated charges for exchanging currencies on each trade. The difference between the bid price and the asking price is called “spreads” or “pips” and is the cost of trading.

The currency pair (i.e., EUR/USD) will have its own unique spread, which is affected by the buying patterns of buyers and sellers – so it’s important to consider this when choosing the best forex brokers in Ireland. The spreads that you’ll have to settle on each transaction will also have an effect on the fees that you’ll need to pay.

Customer Support

A large number of Irish forex brokers come with excellent customer service, but you’ll want to look out for a few things:

• A best forex broker will be able to communicate with you and be able to answer your queries within 24 hours or even sooner.
• They should have a comprehensive knowledge base available for their clients.
• Check for a live chat function that you can use to talk to customer support.

Trading Software

The best forex trading platform Ireland will offer software for you to download onto your computer. Only choose from a variety of reputable platforms, such as MetaTrader 4 and MT5. This is because lesser-known platforms could have stability issues or viruses.

Currency Pairs Offering

Take time to look at the different currencies that each Irish forex broker offers, as this will differ between them and will be central to your trading strategy. Choose the currency that you want to trade, in addition to some extras such as mini and micro-forex. A forex broker with a large number of currencies will be more lucrative overall, but you need to be sure that you understand the risks associated with each currency before deciding on which ones to trade.

Fees

You’ll want to make sure that you fully understand what forex broker fees will be before deciding on one – it’s best to compare all the different brokers in order to get the lowest fees possible. You can do this by reading the information and features on their websites and researching customer reviews, forums and articles that compare different forex brokers in Ireland.

Minimum Initial Deposit

You’ll need to have a minimum deposit as a starting point. The low end of the spectrum is typical $100, but you should be aware that this amount could be higher depending on your selected broker. However, nowadays, most Irish forex brokers don’t require any minimum deposit.

Deposit Bonus

Many regulated forex brokers in Ireland offer a bonus to new traders. Some of these are quite generous, but the amount is often small. Be wary of bonuses that don’t seem to make sense in relation to the amount of effort that they would require to be captured.

Margin Trading

This is an important consideration if you intend on trading forex through margin. Some brokers offer a low level of margin trading, while others offer a much higher level and more freedom. It’s important to understand what you’re getting yourself into before agreeing to make a trade. As an example, you might expect that there would only be one buy order for every sell order, but this isn’t the case for some brokers.

Which Forex Broker is Best in Ireland?

If you ask for the best forex brokers in Ireland, FxPro is our answer. It is a low-risk broker regulated with FCA, FSCA, and CySEC. With over 16 years of experience in the industry, FxPro has developed a unique range of features that enable traders to exploit market opportunities and reduce risk when trading currencies.

You will get a total of 2249 symbols along with 70 forex pairs. Hence, you will have enough opportunities to diversify your portfolio.

Final Words

With so many brokers and platforms to work with, it can be difficult to know where to start your search. This article has helped you narrow down the field of options to choose the best forex brokers in Ireland, but there are still more choices out there. However still, all we want is for you (as a new trader) to do some research and find the one that feels right for you!

We hope this article will help you in your decision to choose an Irish forex broker.

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