Best Forex Brokers in Serbia for 2025

Last updated Aug 15, 2025

We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the top 10 Forex brokers in Serbia based on our analysis:

  1. 1
    AvaTrade Logo
    AvaTrade - Best Forex broker in Serbia - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources.
  2. 2
    FP Markets Logo
    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. 3
    Libertex Logo
    Libertex - Tight spreads and attractive trading conditions. Wide selection of trading assets. Rich selection of educational materials and analytics.
  4. 4
    FxPro Logo
    FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools.
  5. 5
    Deriv Logo
    Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure.
  6. 6
    Admirals Logo
    Admirals - Low trading fees. Wide range of payment methods. Extensive analytical resources.
  7. 7
    HF Markets Logo
    HF Markets - Regulated by reputable financial authorities. Wide selection of trading assets. A variety of educational materials and analytical reviews.
  8. 8
    HYCM Logo
    HYCM - Well-regulated broker. An extensive set of educational materials. Diversity of trading assets.
  9. 9
    XM Logo
    XM - Wide range of trading assets. Extensive educational resources. Tight spreads on the Ultra Low account.
  10. 10
    InstaForex Logo
    InstaForex - Large selection of trading instruments. PAMM accounts and the ForexCopy automatic trade copying service for passive income. 24/7 efficient customer support.

This comprehensive guide is designed to help you choose a broker that perfectly complements your trading strategy while ensuring the highest level of protection for your investments. Each broker featured in this list is distinguished by their unique features, advanced technology, and strong security measures, providing an outstanding trading experience in the dynamic Forex market of Serbia.

Best Forex Brokers in Serbia in 2025

1
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2005
Minimum Deposit
€100
2
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2005
Minimum Deposit
€100
3
Register74.91% of retail investors lose money when trading CFDs with this broker
Foundation Year1996
Minimum Deposit
$100
4
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2006
Minimum Deposit
€100
5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2020
Minimum Deposit
€1
6
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2001
Minimum Deposit
€1
7
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
€1
8
Register71-74% of retail investors lose money when trading CFDs with this broker
Foundation Year1976
Minimum Deposit
$100
9
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
€5
10
Register71.99% of retail investors lose money when trading CFDs with this broker
Foundation Year2007
Minimum Deposit
€1

1. AvaTrade

AvaTrade Logo
1
RegisterTrading CFDs carries high risks. You may lose all invested funds
Trading Assets
ForexStocksIndicesETFCryptocurrencyBondsPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4MetaTrader 5WebTraderAvaTradeGO
compare AvaTrade trading accounts

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

  1. A wide selection of financial assets.
  2. Innovative trading platforms.
  3. Highly rated educational resources.

Cons

  1. Limited trading account options.
  2. Account inactivity fee.

2. FP Markets

FP Markets Logo
2
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexPrecious MetalsEnergy CarriersSoft CommoditiesIndicesStocksETFBondsCryptocurrency
Trading Platforms
MetaTrader 4MetaTrader 5cTraderTradingView
compare FP Markets trading accounts

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

  1. Robust regulation, serious fund protection plus segregated accounts in AA banks.
  2. Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server.
  3. Rich selection of trading platforms.
  4. Wide range of instruments.
  5. Numerous deposit/withdrawal methods.
  6. Strong analytics and education.
  7. 24/7 support.

Cons

  1. Lack of cent accounts and fixed spread accounts.
  2. Some analytical materials and software are accessible only with a deposit or trading volume.

3. Libertex

Libertex Logo
3
Register74.91% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexStocksCryptocurrencyETFPrecious MetalsEnergy CarriersSoft CommoditiesIndicesBonds
Trading Platforms
LibertexMetaTrader 4MetaTrader 5
compare Libertex trading accounts

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

  1. Tight spreads and attractive trading conditions.
  2. Wide selection of trading assets.
  3. Rich selection of educational materials and analytics.

Cons

  1. High swaps and inactivity fee.

4. FxPro

FxPro Logo
4
4.4/5
FxPro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyStocksPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4FxPro EdgeMetaTrader 5cTrader
compare FxPro trading accounts

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

  1. Various trading platforms.
  2. A diverse range of available markets and products.
  3. Multiple analytics tools.
  4. Extensive educational materials.

Cons

  1. An inactivity fee.
  2. Absence of cent accounts and services for copying trades.

5. Deriv

Deriv Logo
5
4.3/5
Deriv review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksETFPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 5Deriv XcTrader
compare Deriv trading accounts

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

  1. Simple and fast account opening process.
  2. A wide variety of account types cater to different trading needs.
  3. Low commission structure.
  4. A wide range of trading platforms.
  5. High-quality technical support with fast and effective responses.

Cons

  1. Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
  2. Educational materials are confined to a blog and lack comprehensive learning resources.

6. Admirals

Admirals Logo
6
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesPrecious MetalsEnergy CarriersSoft CommoditiesCryptocurrencyStocksETF
Trading Platforms
MetaTrader 4MetaTrader 5
compare Admirals trading accounts

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

  1. Low trading fees.
  2. Wide range of payment methods.
  3. Extensive analytical resources.
  4. A rich collection of educational materials.

Cons

  1. Inactivity fee.
  2. Some users complain about the intrusiveness of the support service.

7. HF Markets

HF Markets Logo
7
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexStocksIndicesBondsETFCryptocurrencyPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4MetaTrader 5WebTrader
compare HF Markets trading accounts

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

  1. Regulated by reputable financial authorities.
  2. Wide selection of trading assets.
  3. A variety of educational materials and analytical reviews.

Cons

  1. There is no alternative to MetaTrader.
  2. High swaps and wide spreads.

8. HYCM

HYCM Logo
8
4.2/5
HYCM review
Register71-74% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexStocksIndicesCryptocurrencyETFPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4MetaTrader 5
compare HYCM trading accounts

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

  1. Well-regulated broker.
  2. An extensive set of educational materials.
  3. Diversity of trading assets.

Cons

  1. Absence of proprietary trading platform.
  2. No social trading.

9. XM

XM Logo
9
4.2/5
XM review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesStocksPrecious MetalsEnergy CarriersSoft CommoditiesCryptocurrency
Trading Platforms
MetaTrader 5MetaTrader 4
compare XM trading accounts

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

  1. Wide range of trading assets.
  2. Extensive educational resources.
  3. Tight spreads on the Ultra Low account.
  4. Many analytical materials.
  5. Commission-free deposits and withdrawals.

Cons

  1. Inconsistency in technical support.
  2. Inactivity fee.
  3. Standard account has a higher spread than the market average.

10. InstaForex

InstaForex Logo
10
Register71.99% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksETFPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 5MetaTrader 4InstaForex Webtrader
compare InstaForex trading accounts

InstaForex is a popular broker that offers a wide range of trading instruments and specialized accounts. The unique possibility of accruing interest on the account balance, ForexCopy's automatic transaction copying service, and support for cryptocurrency trading make InstaForex an attractive choice for a variety of traders. Customer support is available round the clock, and account replenishment does not charge any commission, which is a significant plus.

InstaForex is suitable for beginner traders and investors interested in passive income through PAMM accounts, as well as for those looking for innovative features such as cryptocurrency trading and automatic trade copying.

Pros and Cons of InstaForex

Pros

  1. Large selection of trading instruments.
  2. PAMM accounts and the ForexCopy automatic trade copying service for passive income.
  3. 24/7 efficient customer support.
  4. Wide range of methods for depositing and withdrawing funds.
  5. Decent analytical section.

Cons

  1. Trading commissions are above average.
  2. No trading accounts with market execution of orders (ECN or STP).
  3. Broker commission on fund withdrawals.

Regulation of Forex Brokers in Serbia

In Serbia, the regulatory landscape for Forex and CFD brokers is managed by the Securities Commission of the Republic of Serbia (SC), which is responsible for overseeing financial markets and ensuring brokers operate within a legal framework. The SC enforces strict regulations to protect investors, maintain market integrity, and promote financial stability​​.

While local regulations in Serbia are robust, many traders prefer engaging with brokers that are regulated by well-known international authorities such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC). These international regulations provide an additional layer of protection and credibility​​.

How We Compiled the List of Top Forex Brokers in Serbia

Our approach to identifying the best Forex trading platforms in Serbia involved a meticulous process and a comprehensive set of criteria:

  1. Detailed Research and Evaluation: We began by compiling a Forex broker ranking that meets our predefined criteria. Each broker was rigorously evaluated based on their services, operational efficiency, and reliability.
  2. Regulatory Standards: We focused on brokers regulated by well-known financial authorities such as the FCA, ASIC, and CySEC. This ensures that the brokers operate with transparency and adhere to stringent financial standards.
  3. Trading Conditions and Platforms: We assessed brokers based on their trading conditions, including spreads, fees, minimum deposits, and the diversity of trading instruments offered. The quality and usability of their trading platforms were also evaluated, with a preference for brokers offering popular platforms like MetaTrader 4 and MetaTrader 5, as well as feature-rich proprietary platforms.
  4. Customer Support and Localization: The quality of customer support was a key consideration, especially the availability of multilingual support and accessible communication channels. We also value brokers that provide localized services, such as websites and educational resources in Serbian.
  5. User Feedback: We incorporated genuine feedback from traders who have used these brokers to provide a balanced view of each broker's strengths and weaknesses. This includes aspects like ease of use, customer service experiences, and overall satisfaction.

FAQ

Yes, Forex trading is legal in Serbia. It is regulated by the Securities Commission of the Republic of Serbia (SC), which oversees financial markets to ensure brokers operate within the legal framework, protecting investors and maintaining market integrity.

Which Forex broker is the best in Serbia?

The best Forex broker in Serbia varies based on individual needs, but some of the top-rated brokers include Pepperstone, IC Markets, and XM. These brokers are well-regulated by international authorities such as the FCA, ASIC, and CySEC, providing strong security and excellent trading conditions.

How to trade Forex in Serbia?

To trade Forex in Serbia, follow these steps:

  1. Choose a regulated Forex broker.
  2. Open and verify your trading account.
  3. Fund your account with the required deposit.
  4. Download and install the trading platform (e.g., MetaTrader 4 or 5).
  5. Develop a trading strategy and start trading.

Which European country is best for Forex traders?

The United Kingdom is considered the best European country for Forex traders due to its advanced financial infrastructure, comprehensive regulatory framework under the FCA, and a large number of well-established brokers.

What is the safest Forex broker in Serbia?

The safest Forex broker in Serbia is one that is regulated by reputable authorities such as the FCA, ASIC, or CySEC. Brokers like Pepperstone, IC Markets, and XM are known for their stringent regulatory compliance, client fund segregation, and transparent operations.

Can you make money with Forex trading in Serbia?

Yes, it is possible to make money with Forex trading in Serbia, but it requires a good understanding of the market, a solid trading strategy, risk management, and continuous learning. Forex trading involves significant risk, and profits are not guaranteed.

What is the best broker for beginners in Serbia?

For beginners in Serbia, brokers like XM, eToro, and Plus500 are recommended. These brokers offer user-friendly platforms, educational resources, and demo accounts to help new traders get started with minimal risk.

Is Forex trading a gamble in Serbia?

Forex trading is not considered gambling if approached with a sound trading strategy, proper risk management, and thorough market analysis. However, without these elements, trading can become highly speculative and risky, resembling gambling.

How many Forex traders are there in Serbia?

The exact number of Forex traders in Serbia is not publicly available, but the popularity of Forex trading is growing. Many traders engage in Forex through both local and internationally regulated brokers, contributing to an active trading community.

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.