Best Forex Brokers in Ireland for 2025
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the best brokers for Forex trading in Ireland based on our analysis:
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AvaTrade - Best Forex Broker Ireland - 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
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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.
The Forex market in Ireland stands out as a dynamic and growing industry, characterized by many reputable brokers that provide a variety of trading platforms and attractive features. Our team has conducted thorough research to assemble an exhaustive list of the best Forex brokers in Ireland that are particularly suited for beginners. This carefully crafted list is aimed at assisting you in finding a broker that complements your trading approach while ensuring the security and reliability of your investments.
List of the Top Forex Brokers in Ireland 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 Trading in Ireland
The Forex market regulation in Ireland is designed to ensure transparency and fairness in trading, as enforced by Irish regulatory bodies.
Key Regulatory Bodies in Ireland
Central Bank of Ireland. The Central Bank of Ireland is pivotal in regulating Forex trading activities in Ireland. It implements Forex and CFD trading rules to safeguard investors and maintain the market's integrity.
European Securities and Markets Authority (ESMA). ESMA contributes to regulating financial markets in the EU, including Ireland. It ensures harmonized regulation and supervision across EU member states, promoting investor protection and orderly markets.
Verifying Broker Authorization
The Central Bank of Ireland’s Registers is a comprehensive resource for verifying the authorization of financial service providers and collective investment schemes (CIS) in Ireland. This register not only includes entities regulated by the Central Bank of Ireland but also other financial service providers that are required to be disclosed in the registers, though the Central Bank might not regulate them.
How We Compiled the List of the Best Forex Brokers in Ireland
Our process of identifying the best Forex trading platforms in Ireland was thorough and deliberate, focusing on critical aspects:
Ranking brokers according to our Forex broker list.
The broker evaluation is based on our established review methodology.
Each of the brokers featured accepts traders from Ireland.
These standards ensure that the Forex and CFD brokers we recommend maintain a high level of reliability and provide the necessary trading conditions to participate safely and effectively in the Forex market.
FAQ
Is Forex Trading Legal in Ireland?
Yes, Forex trading is legal in Ireland. It is regulated by the Central Bank of Ireland, which oversees financial services providers to ensure they adhere to legal and ethical standards.
Do Forex Traders Pay Tax in Ireland?
Forex traders in Ireland are subject to taxation. Profits from Forex trading are considered taxable income under Capital Gains Tax. However, tax regulations may vary based on individual circumstances, and it's advisable to consult a tax professional for accurate guidance.
Can Forex Trading Be Done Without a Broker?
Technically, it's possible to trade Forex without a broker, but it's not practical for most individual traders. Brokers provide access to the trading platforms, leverage, and liquidity necessary for trading in the Forex market.
How to Avoid Forex and CFD Scams?
To avoid scams, choose a broker regulated by a reputable authority like the Central Bank of Ireland. Be wary of offers that sound too good to be true, and always conduct thorough research. Educating yourself about Forex and CFD trading can help you identify potential scams.
What is Negative Balance Protection in Forex?
Negative balance protection ensures that traders cannot lose more money than they have in their trading accounts. This feature protects traders from owing money to the broker in case of a significant market movement against their position.
What is a Forex Broker's Compensation Scheme?
A Forex broker's compensation scheme is a mechanism to protect traders in the event of the broker's insolvency. It guarantees that traders can recover a portion, if not all, of their funds, depending on the scheme's terms.
How Much Leverage Should Forex Traders Use?
The appropriate level of leverage varies based on the trader's experience, risk tolerance, and trading strategy. Generally, using lower leverage for new traders to minimize risk is recommended.
How Much Money Is Needed to Start Forex Trading?
The amount required to start Forex trading varies by broker. Some brokers allow trading with as little as $100, while others may require more. It's essential to trade with only what you can afford to lose.
Is Cryptocurrency Trading Available in Ireland?
Yes, cryptocurrency trading is available in Ireland and is regulated under the same financial laws that govern Forex and other trading activities. It's essential to use a regulated broker for trading cryptocurrencies.
