Best Forex Brokers in Estonia 2025
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the best Forex brokers in Estonia based on our analysis:
- 1
AvaTrade - Best broker in Estonia - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources. - 2
FP Markets - Robust regulation, serious fund protection plus segregated accounts in AA banks. Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server. Rich selection of trading platforms. - 3
FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools. - 4
Libertex - Tight spreads and attractive trading conditions. Wide selection of trading assets. Rich selection of educational materials and analytics. - 5
- 6
HF Markets - Regulated by reputable financial authorities. Wide selection of trading assets. A variety of educational materials and analytical reviews. - 7
Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure. - 8
ActivTrades - Wide range of trading assets. A wide variety of trading platforms. Extensive training materials including webinars, videos, articles and guides. - 9
XM - Wide range of trading assets. Extensive educational resources. Tight spreads on the Ultra Low account. - 10
HYCM - Well-regulated broker. An extensive set of educational materials. Diversity of trading assets.
Each company stands out with its unique features and offers individual trading conditions, making the choice of the ideal trading platform in Estonia particularly important. Our Top 10 Best Forex Brokers in Estonia was compiled based on thorough market analysis and strict selection criteria. We paid special attention to aspects such as reliability, user interface convenience, offered tools and trading strategies, as well as the quality of customer support.
List of the Best Forex Brokers in Estonia in 2025
1. AvaTrade
AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.
Pros and Cons of AvaTrade
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
2. FP Markets
FP Markets successfully combines a strict licensing framework, a fast ECN order book with zero spreads, a rich selection of platforms — ranging from classic MT4/5 to TradingView and Iress DMA — and a developed analytics, education, and 24/7 support infrastructure. This combination makes the broker attractive for active scalpers and algorithmic traders who value speed and moderate commission per lot, as well as for investors preferring copy trading, PAMM/MAM, or DMA stocks via Iress. Beginners will benefit from a low entry of 100 AUD, online courses, and no inactivity fees.
Pros and Cons of FP Markets
Pros
- Robust regulation, serious fund protection plus segregated accounts in AA banks.
- Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server.
- Rich selection of trading platforms.
- Wide range of instruments.
- Numerous deposit/withdrawal methods.
- Strong analytics and education.
- 24/7 support.
Cons
- Lack of cent accounts and fixed spread accounts.
- Some analytical materials and software are accessible only with a deposit or trading volume.
3. FxPro
FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.
Pros and Cons of FxPro
Pros
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
- Extensive educational materials.
Cons
- An inactivity fee.
- Absence of cent accounts and services for copying trades.
4. Libertex
Libertex is an established broker offering various trading instruments and educational resources. With zero commission on deposits and various analytical tools, this broker can appeal to novice and experienced traders.
Pros and Cons of Libertex
Pros
- Tight spreads and attractive trading conditions.
- Wide selection of trading assets.
- Rich selection of educational materials and analytics.
Cons
- High swaps and inactivity fee.
5. Plus500
Plus500 is ideal for traders seeking a convenient and intuitive platform with a broad spectrum of trading instruments. It's particularly well-suited for those who value a diverse range of CFDs on stocks, indices, currencies, commodities, and ETFs. The built-in Insight+ analytics tool is a significant advantage for those keen on analyzing trends and activities based on real-time data.
Pros and Cons of Plus500
Pros
- Diversity of trading assets.
- Intuitive trading platform.
- 24/7 support.
- Built-in analytics.
Cons
- Limited channels for communication with technical support.
- Limited choice of trading accounts.
6. HF Markets
HF Markets is a reliable and appealing Forex broker, offering a wide selection of trading assets, a variety of account types, and access to the popular trading platforms MetaTrader 4 and MetaTrader 5. With its regulation and industry experience, the company has earned a reputation as a dependable partner for traders of varying experience levels.
HF Markets is recommended for those seeking a trustworthy and vetted broker with favorable trading conditions and customer support.
Pros and Cons of HF Markets
Pros
- Regulated by reputable financial authorities.
- Wide selection of trading assets.
- A variety of educational materials and analytical reviews.
Cons
- There is no alternative to MetaTrader.
- High swaps and wide spreads.
7. Deriv
Deriv is an appealing choice for a wide array of traders, particularly those who are just beginning or are at an intermediate level. Its user-friendly approach, diverse platforms, and low-cost structure make it ideal for individuals seeking a straightforward trading experience. While it may not fully satisfy the needs of highly advanced traders due to some limitations in educational and analytical resources, Deriv's overall offering is solid, making it a reliable and accessible broker for most trading requirements.
Pros and Cons of Deriv
Pros
- Simple and fast account opening process.
- A wide variety of account types cater to different trading needs.
- Low commission structure.
- A wide range of trading platforms.
- High-quality technical support with fast and effective responses.
Cons
- Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
- Educational materials are confined to a blog and lack comprehensive learning resources.
8. ActivTrades
ActivTrades is suitable for beginner traders who value simplicity and intuitive trading platforms, as well as a variety of educational materials to improve their skills. Moreover, this broker can be a suitable option for experienced traders who prefer to trade various instruments and use the powerful features of the MetaTrader 4, MetaTrader 5 and TradingView platforms.
However, for traders with more specific requirements, such as a variety of trading accounts or individual conditions for professional traders, ActivTrades may be less attractive.
Pros and Cons of ActivTrades
Pros
- Wide range of trading assets.
- A wide variety of trading platforms.
- Extensive training materials including webinars, videos, articles and guides.
- Professional Support Team.
Cons
- Lack of diversity in trading accounts.
9. XM
XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.
Pros and Cons of XM
Pros
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
- Many analytical materials.
- Commission-free deposits and withdrawals.
Cons
- Inconsistency in technical support.
- Inactivity fee.
- Standard account has a higher spread than the market average.
10. HYCM
HYCM is one of the Forex and CFD market leaders whose reputation is backed by strict regulation by major financial authorities such as the FCA, CySEC and DFSA. This ensures high protection of the client's funds and compliance with regulatory standards. The broker offers a wide range of trading platforms, including MetaTrader 4 and MetaTrader 5, recognized as some of the most reliable and functional in the industry. The variety of trading instruments available allows you to create a diverse investment portfolio, while a rich selection of educational resources supports traders at all stages of their professional development.
HYCM will be most suitable for traders looking for reliability and diversity in the toolkit without worrying about high commissions and a lack of innovative platforms. This broker is ideal for experienced traders who can use the analytical and educational resources provided to improve their trading strategies.
Pros and Cons of HYCM
Pros
- Well-regulated broker.
- An extensive set of educational materials.
- Diversity of trading assets.
Cons
- Absence of proprietary trading platform.
- No social trading.
Regulation of Forex Brokers in Estonia
In Estonia, the activities of Forex brokers are regulated by strict norms and rules aimed at protecting investors, ensuring transparency of trading operations, and maintaining financial stability in the market. The main regulatory authority in the country is the Estonian Financial Supervision Authority (EFSA), which defines and controls standards for financial institutions, including Forex brokers.
EFSA strictly monitors brokers' compliance with rules regarding the transparency of financial operations, the segregation of client funds, and the provision of accurate information about risks. This includes mandatory risk disclosure measures and leverage restrictions to minimize potential losses for traders.
In addition to national regulation, Estonia also adheres to European Union legislation, including the Markets in Financial Instruments Directive (MiFID II), which ensures the unification and enhancement of financial markets across the EU. This provides an additional level of protection for investors by setting high standards for transaction transparency and risk management.
Such a comprehensive approach to regulation makes Estonia one of the most reliable and safe markets for Forex trading. Thanks to strict supervision, Estonian traders can be confident in the protection of their interests and the stability of working with licensed brokers, creating favorable conditions for effective and successful Forex trading.
How We Compiled the List of Top Forex Brokers in Estonia
The top Forex brokers in Estonia are compiled using a comprehensive approach:
- Broker rankings are based on our thorough Forex broker rating.
- Broker evaluations were conducted using an exclusive methodology that includes an analysis of a wide range of parameters.
- All brokerage companies listed have proven themselves among Estonian traders and offer their services in the Estonian market.
These criteria ensure that the Forex brokers listed in our ranking meet high standards of quality and safety, and provide trading conditions that promote effective and reliable Forex trading.
FAQ
Which Forex broker is the best?
The best Forex broker depends on your needs and preferences. However, some of the most popular and reliable brokers include:
- IC Markets: Known for low spreads and fast order execution.
- Admirals: Offers a wide range of trading instruments and excellent customer support.
- InstaForex: Attracts traders with a variety of bonuses and promotions.
- FxPro: Provides quality educational support and a wide selection of trading platforms.
It is recommended to study the conditions and offers of each broker to choose the most suitable one for yourself.
Which broker is the most profitable?
The profitability of a broker depends on low commissions, tight spreads, and favorable trading conditions. The most profitable brokers are considered to be:
- IC Markets: Offers some of the lowest spreads in the market.
- AvaTrade: Known for its bonus programs and promotions.
- FxPro: Attracts traders with favorable withdrawal conditions and low commissions.
It is important to consider that the profitability of a broker also depends on your trading style and chosen instruments.
Which is the most reliable Forex broker?
The most reliable Forex brokers are those regulated by reputable regulators and have a good reputation among traders. Such brokers include:
- Admirals: Regulated by FCA, ASIC, and other reputable authorities.
- Oanda: Has a long history and is regulated by authorities such as CFTC and NFA.
- IG Group: One of the largest brokers, regulated by FCA and other regulators.
Before choosing a broker, it is recommended to check their licenses and customer reviews.
Who trades on Forex?
Various participants trade in the Forex market, including:
- Individual traders: Private individuals trading for profit.
- Banks and financial institutions: Major players involved in currency operations.
- Hedge funds and investment companies: Organizations using Forex to diversify their portfolios.
- Central banks: Regulate currency reserves and monetary policy.
- Corporations: Engage in currency operations to hedge risks associated with international trade.
Is it possible to earn consistently on Forex?
Consistent earnings on Forex are possible but require significant knowledge, experience, and discipline. To achieve stable profits, it is necessary to:
- Education and analysis: Study the market, analytical tools, and trading strategies.
- Develop a trading plan: Create and follow a trading plan that considers risks and goals.
- Risk management: Use stop-losses and sensible capital management.
- Psychological preparation: Ability to control emotions and follow the plan even in stressful situations.
Success in Forex requires time and effort, as well as a willingness to continually learn and adapt to changing market conditions.
What is the difference between Forex and the stock exchange?
The main differences between Forex and the stock exchange are as follows:
- Market: Forex is a decentralized market where currencies are traded. The exchange is a centralized market where stocks, bonds, and other financial instruments are traded.
- Trading Hours: Forex operates around the clock, five days a week. Exchanges typically have fixed trading hours.
- Participants: Forex trading involves individual traders, banks, corporations, and central banks. On the exchange, investors, companies, and institutional investors trade.
- Regulation: Exchanges are strictly regulated, whereas the Forex market has more flexible regulation and includes many participants with different rules.
- Trading Instruments: Forex trades currency pairs. The exchange trades stocks, bonds, options, and other financial instruments.
