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Best Forex Brokers in Hungary 2024

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 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
1:500

Telephone: +44 28 2544 7780

image
Pros
  • Excellent education tools
  • Low forex fees
  • Fast account opening
  • Easy funding methods
Cons
  • No bonuses
Platforms & Devices
2
FSA, FMA
$0
No Bonus
1:500

Telephone:

image
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
3
ASIC, FCA, CySEC, SCB
$100
No Bonus
1:500

Telephone:

image
Pros
  • Fully digital account opening
  • Low forex fees
  • Research tools
  • Free Education Resources
Cons
  • No bonuses
Platforms & Devices
4
CySEC, FSCA
$25
50% Deposit Bonus
1:500

Telephone:

image
Pros
  • Ultra-low spreads
  • Quick withdrawals and deposits
  • 24/7 online support
  • Negative balance protection
Cons
  • Mobile copy trading services available only for Android

Platforms & Devices
5
FCA, CySEC, FSCA, SCB
$100
No Bonus
1:100

Telephone: +44 (0) 203 151 5550

image
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
6
AFSL
$100
No Bonus
1:500

Telephone:

image
Pros
  • All base currencies
  • 24/7 technical service
  • Direct market access
  • Superior trading conditions
Cons
  • No negative balance protection
Platforms & Devices
7
ASIC, CySEC, FSA, SCB
$200
No Bonus
1:500

Telephone: +248 467 19 76

image
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
8
ASIC, CySEC
$1
100%
1:3000

Telephone: +35 7251 23212

image
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
9
CySEC, FCA, FSC Mauritius, CMA
$100
No Bonus
1:2000

Telephone:

image
Pros
  • Fast and digital account opening
  • Superb customer service
  • Great educational tools
Cons
  • High CFD fees
  • Charge inactivity fees
Platforms & Devices
10
ASIC, CySEC, FSC
$5
Up to $10,500
1:1000

Telephone: +501 223-6696

image
Pros
  • Low withdrawal fees
  • Great educational tools
  • Wide range of leverage
  • Multilingual customer support
Cons
  • Non-EU traders don’t get investor protection
Platforms & Devices

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, forex regulations, 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, forex trading platforms, 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.

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