Best Forex Brokers in Portugal for 2025
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the best Forex brokers in Portugal based on our analysis:
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AvaTrade - Best Forex broker in Portugal - 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
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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.
This comprehensive guide aims to help you discover a broker that aligns seamlessly with your trading strategy while emphasizing the safeguarding of your investments. Each broker featured here stands out due to their distinctive attributes, cutting-edge technology, and robust security measures, guaranteeing an exceptional trading experience in Portugal's vibrant Forex market.
List of the Best Forex Brokers in Portugal 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. Admirals
The broker Admirals is suitable for a broad spectrum of traders. With its strict regulation, various account types, and a competent set of educational and analytical materials, this broker provides high-quality services for novice and experienced traders.
Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker. Experienced traders will also find it beneficial due to competitive trading commissions, abundant tools for analysis and trading, and the convenience of the depositing and withdrawal process.
Pros and Cons of Admirals
Pros
- Low trading fees.
- Wide range of payment methods.
- Extensive analytical resources.
- A rich collection of educational materials.
Cons
- Inactivity fee.
- Some users complain about the intrusiveness of the support service.
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 Portugal
In Portugal, the activity of Forex and CFD brokers is governed by stringent rules and regulations designed to protect investors, ensure the integrity of trading operations, and maintain financial stability. The primary regulatory authority in the country is the Portuguese Securities Market Commission (CMVM), which establishes and enforces compliance standards for financial institutions, including online Forex brokers.
The CMVM diligently ensures that brokers comply with norms related to the transparency of financial operations, the segregation of client funds, and the provision of accurate risk information. This includes mandatory risk warnings and limitations on leverage, which help reduce the likelihood of significant losses for traders from Portugal.
Additionally, Portugal adheres to European Union legislation, including the Markets in Financial Instruments Directive (MiFID II), which promotes the harmonization and efficiency of financial markets across Europe. This provides further protection for investors by establishing standards for operational transparency and risk management.
This comprehensive regulatory framework makes Portugal one of the most reliable and secure markets for Forex trading. Thanks to strict regulations, Portuguese traders can trust in the protection of their interests and the stability of their interactions with brokers, creating optimal conditions for successful Forex trading.
How We Compiled the List of Top Forex Brokers in Portugal
Our method for identifying the best Forex trading platforms in Portugal involved thorough precision and a comprehensive set of benchmarks:
Thorough Research and Evaluation: We began by compiling a broad Forex brokers list that met our initial criteria. Each broker underwent a detailed and unbiased evaluation process to assess their services and operational efficiency.
Regulatory Adherence: We prioritized brokers regulated by reputable financial authorities such as the Comissão do Mercado de Valores Mobiliários (CMVM) and other respected European regulators like CySEC, BaFin, or CONSOB. This ensures that the brokers operate with transparency and adhere to strict financial standards.
Trading Conditions and Platforms: We examined brokers based on their trading conditions, including spreads, fees, minimum deposits, and the range of trading instruments offered. We also assessed the quality and usability of their trading platforms, giving preference to those offering popular platforms like MetaTrader 4 and MetaTrader 5, as well as proprietary platforms with advanced features.
Customer Support and Localization: The quality of customer support was a significant factor, especially the availability of support in Portuguese and accessible communication channels. We also considered brokers that offer localized services, such as websites and educational resources in Portuguese, to better cater to Portuguese traders.
User Feedback: We included genuine feedback from traders who have used these brokers to provide a comprehensive view of each broker's strengths and weaknesses. This encompasses aspects like ease of use, customer service experiences, and overall satisfaction.
By adhering to these criteria, we have curated a list of top Forex brokers and trading platforms that are best suited for traders in Portugal.
FAQ
Is Forex trading legal in Portugal?
Yes, Forex trading is legal in Portugal. The activity is regulated by the Comissão do Mercado de Valores Mobiliários (CMVM), ensuring that brokers adhere to stringent financial standards and protect traders.
Which is the best Forex broker in Portugal?
Based on our analysis, the best Portugal Forex broker is IC Markets. IC Markets is highly regarded for its robust trading platform, competitive spreads, and excellent customer service. Additionally, it is regulated by reputable European authorities, ensuring a secure and trustworthy trading environment for Portuguese traders.
How to choose a Forex broker in Portugal?
When selecting a Forex broker in Portugal, consider factors such as regulatory compliance, trading conditions, available trading platforms, customer support quality, and the broker's reputation. It is also beneficial to read user reviews and test the broker's services through a demo account.
How do I verify if a Forex broker is regulated in Portugal?
To verify if a Forex broker is regulated in Portugal, check the broker's registration with the Comissão do Mercado de Valores Mobiliários (CMVM). The CMVM website provides a list of authorized brokers and their regulatory status.
What are the best Forex trading hours in Portugal?
The best Forex trading hours in Portugal typically align with the European trading session, which runs from 8:00 AM to 4:00 PM GMT. These hours often offer higher liquidity and tighter spreads.
What is the safest Forex broker in Portugal?
According to our analysis, the safest Forex broker in Portugal is ActivTrades. ActivTrades is regulated by the Comissão do Mercado de Valores Mobiliários (CMVM), ensuring adherence to strict financial standards and providing a secure trading environment for Portuguese traders.
What is negative balance protection in Forex trading?
Negative balance protection ensures that traders cannot lose more money than they have deposited into their trading accounts. This protection is crucial for limiting potential losses, especially during highly volatile market conditions.
Is Forex trading taxable in Portugal?
Yes, Forex trading in Portugal is taxable. Profits from Forex trading are subject to capital gains tax. It's advisable to consult with a tax professional to understand the specific tax obligations related to your trading activities.
Can I trust Forex brokers in Portugal?
Regulated Forex brokers by the CMVM or other reputable European regulatory authorities are generally trustworthy. These brokers must comply with strict financial regulations designed to protect traders.
How much money do I need to start Forex trading?
The amount of money needed to start Forex trading varies by broker, but many brokers offer accounts with low minimum deposit requirements, sometimes as low as $100. It's essential to start with an amount you are comfortable with and can afford to lose.
What trading instruments are available in Portugal?
In Portugal, traders can access a variety of trading instruments, including currency pairs (Forex), commodities, indices, stocks, and cryptocurrencies. The availability of these instruments may vary depending on the broker.
How to avoid Forex and CFD scams?
To avoid Forex and CFD scams, choose brokers regulated by reputable authorities such as the CMVM. Be cautious of brokers offering unrealistic returns or requiring large upfront deposits. Conduct thorough research, read user reviews, and verify the broker's regulatory status.
What are ESMA and MiFID II, and what do they mean for Forex traders?
The European Securities and Markets Authority (ESMA) and the Markets in Financial Instruments Directive II (MiFID II) are regulatory frameworks that oversee financial markets in Europe. They aim to enhance investor protection and ensure fair, transparent, and efficient markets. For Forex traders, this means stricter regulations on leverage, transparency, and the provision of risk information.
