Best Forex Brokers in Hungary 2023

Best Forex Brokers Hungary 2021

Many of the major global forex brokers have opened up services in Hungary. This gives traders easy access to the world’s currency markets. With a competitive trading cost and a wide range of trading instruments, Hungary is an attractive destination for both novice and experienced traders. If you are looking to start trading forex in 2023 in Hungary, then you should look for the best brokers.

However, there are hundreds of brokerages in Hungary, and you may face difficulties in picking the right one. Therefore, this article will provide the forex brokers list in Hungary to ease your hardship. Also, you will learn about choosing the best forex brokers in Hungary and find the best fit for your trading needs.

Best Forex Brokers in Hungary List:

RANK	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.	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	FCA, CySEC, FSCA, SCB	$100	No Bonus	94 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
3	ASIC, CySEC, FSA, SCB	$200	No Bonus	92 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
4	ASIC, CySEC	$1	100%	91 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
5	ASIC, CySEC, FSC	$5	Up to $5000	90 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
6	FSA	$0	No Bonus	90 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
7	FCA, DFSA, FSCA, FSA, CMA	$5	100%	88 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
8	ASIC, FCA	$0	No Bonus	85 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
9	CFTC, FCA, ASIC, FSA, MFSA	$0	up to $1000	78 Read Review	1:50	Telephone: 1 212 858 7690	Open an Account More Information
Pros Outstanding research tools Excellent trading platforms Accepts U.S. clients Superior research offerings Cons No account protection for U.S. clients Monthly inactivity fee Platforms & Devices READ FULL REVIEW
10	FCA, ASIC, DFSA	$200	No Bonus	75 Read Review	1:30	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

How to Choose the Best Forex Brokers in Hungary

Choosing the right brokerage in Hungary can be a challenging task. With so many brokers to choose from, it can be difficult to decide which one is the best fit for your requirements. However, with some research and careful consideration, you can find the broker that is the perfect fit for your trading needs.

This guide will provide some tips on how to choose the best broker in Hungary, including looking at factors such as fees, regulation, customer service, trading platforms, and more. By following this guide, you can make an informed decision about which broker is best for you.

Research the Forex Brokers

The first step in choosing a forex broker in Hungary is to research the available options. It is important to understand each broker's different features and offerings before you commit to trading with them. Knowing the different fees, leverages, and spreads each broker offers can help you make the best decision for your trading needs. Understanding the broker’s support, trading platform, and account types is also key to making an informed decision. Doing your research before committing to a broker can help you avoid costly mistakes and choose the best broker for your needs.

Check Regulation and Licensing

It is always important to check the regulation and license of any forex broker you are considering using. Regulation and licensing assure that the broker is operating legally and is subject to oversight from a regulatory body. This will give you peace of mind that your funds are safe and secure with regulated forex brokers in Hungary.

Compare Trading Platforms

It is worth comparing the trading platforms of forex brokers. This is because different brokers offer different features, such as trading tools, charting capabilities, and order types, which can all make a difference in your trading success. Additionally, some brokers may offer more competitive prices or better customer service than others. Therefore, comparing platforms can help you find the best trading platforms in Hungary.

Check Account Types

Different forex brokers may offer different features, such as leverage, spreads, trading platforms and other services. Knowing the different account types can help you to choose a broker that best suits your needs and trading style. It is also important to research the broker to ensure they are reliable and trustworthy.

Compare Fees and Commissions

When it comes to fees and commissions, brokers offer different rates and policies. So it is important to compare them to find the best deal for your needs in Hungary. The fees and commissions can have a big impact on your trading profits and losses, so it is important to make sure you are selecting a broker that offers competitive rates.

Check Payment Methods

It is necessary to check the payment methods offered by a forex broker in Hungary. Different payment methods can have different fees, processing times and security. Make sure the broker you are considering offers convenient payment methods for deposits and withdrawals. This will help ensure a smooth and hassle-free trading experience.

Test the Customer Support

Before committing to a broker, make sure to test their customer support. Contact them via email, phone or live chat to get a feel for their customer service.

Open a Demo Account

If possible, open a demo account with the broker you are considering. A demo account provides traders with a risk-free way to experience a broker’s trading platform, tools, and services before committing real money to a live account. This is especially beneficial if you are a beginner trader, as it allows you to gain experience and develop your trading skills without having to risk real money.

Read the Fine Print

Finally, make sure to read the fine print before making a decision. This will help you understand important information about the broker’s services, fees and commissions, account features, and other important details. It can also provide insight into the broker’s customer service practices, which can be very helpful in case of any problems or disputes. Knowing the details of a broker’s policies can save you a lot of time and money in the long run.

7 Benefits of Forex Trading in Hungary

Low Transaction Costs: Forex trading in Hungary offers traders the advantage of low transaction costs. With some brokers, there are no commissions or fees associated with trading in the forex market, which makes it an attractive option for traders in Hungary.
High Liquidity: Forex trading in Hungary offers traders access to a highly liquid market. This means that traders can make fast and reliable trades without having to worry about liquidity issues.
Flexibility: With the online trading platforms available, Hungarian traders can access markets from any part of the world.
Leverage: Best online broker Hungary offers traders access to high leverage. This means that traders can potentially make larger profits with smaller capital investments.
Potential for high returns: While there are no guarantees in the financial market, the potential for high returns is one of the main attractions of forex trading. However, it’s important to have realistic expectations about the potential returns and to be prepared for the possibility of losses.
Low barriers to entry: Unlike other financial markets, the forex market has relatively low barriers to entry, which means that traders in Hungary can start trading with a small amount of capital. Many brokers also offer leverage, which allows traders to trade with more capital than they have on hand.
24-hour Trading: Forex trading in Hungary can be done 24 hours a day, five days a week. This allows traders to be able to take advantage of any opportunity that arises in the global markets.

Final Words

It’s important to note that forex trading carries risks and is not suitable for everyone. It’s essential that traders in Hungary educate themselves on the basics of forex trading and understand the risks before diving in. After that, they can choose the best forex brokers in Hungary to make a move.