5 Best Forex Brokers in Slovakia
The 5 Best Forex Brokers in Slovakia – Rated and Reviewed. We have listed the best Forex Brokers accepting traders in Slovakia.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Slovakia – a List
- Is Forex Trading Legal in Slovakia?
- The Best Brokers for Foreigners and Beginners
- Top Forex Broker for International Students
- The Best MetaTrader 4 and 5 Forex Brokers
- Best Forex Brokers in Europe
- How to Buy Stocks in Slovakia
and much, MUCH more!
5 Best Forex Brokers in Slovakia – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Slovakian Traders | 💶 Min. Deposit (EUR) |
| 🥇 Saxo Bank | 👉 Click Here | ✅Yes | None |
| 🥈 Pepperstone | 👉 Click Here | ✅Yes | €122,48 EUR |
| 🥉 GO Markets | 👉 Click Here | ✅Yes | €184,86 EUR |
| 🏅 IC Markets | 👉 Click Here | ✅Yes | €184,86 EUR |
| 🎖️ CMC Markets | 👉 Click Here | ✅Yes | None |
5 Best Forex Brokers in Slovakia (2024)
- ☑️ Saxo Bank – Overall, the Best Forex Broker in Slovakia
- ☑️ Pepperstone – Best Forex Broker for Beginners
- ☑️ GO Markets – Best MetaTrader Forex Broker
- ☑️ IC Markets – Best Overall Offering
- ☑️ CMC Markets – Best Online Trading Experience
Saxo Bank
Saxo is a global leader in online trading and investing with access to Forex, CFDs, stocks, commodities, futures, Forex options, listed options, ETFs, bonds, and, mutual funds. Moreover, it is among the highest-regulated entities available in the Forex Market, with 14 Tier-1 Regulations.
Accounts offered are Classic, VIP, and, Platinum. Trading Platforms available include SaxoTraderGO and SaxoTraderPro. Moreover, no minimum deposit is required.
| 🔎 Broker | 🥇 Saxo Bank |
| 📌 Year Founded | 1992 |
| 👤 Amount of staff | Approximately 2,000 |
| 👥 Amount of active traders | Over 800,000 |
| 📍 Publicly Traded | ✅Yes |
| ⭐ Regulation and Security | Very High |
| 🛡️ Regulation | FSA FCA |
| 📈 Account Segregation | ✅Yes |
| 📉 Negative balance protection | ✅Yes |
| 📊 Investor Protection Schemes | ✅Yes |
| 💹 Account Types and Features | SaxoTraderGO, SaxoTraderPRO |
| 🅰️ Institutional Accounts | Available |
| 🅱️ Managed Accounts | Available |
| 💴 Minor account currencies | ✅Yes |
| 💶 Minimum Deposit | Varies by account type and region |
| ⏰ Avg. deposit processing time | Typically 1-2 business days |
| ⏱️ Avg. Withdrawal processing time | Typically 1-2 business days |
| 💵 Fund Withdrawal Fee | No standard fee, may vary depending on method |
| 💷 Spreads from | 0.4 pips (varies by instrument and market conditions) |
| 💳 Commissions | Variable, depending on account type and trading volume |
| 💸 Number of base currencies | Over 40 |
| 💲 Swap Fees | Varies depending on account type and instrument |
| ▶️ Leverage | Up to 1:200 (varies by asset class and jurisdiction) |
| ⏹️ Margin requirements | Varies by asset class |
| ☪️ Islamic account | Available |
| 🆓 Demo Account | ✅Yes |
| ⌚ Order Execution Time | Typically milliseconds to seconds |
| 🖥️ VPS Hosting | Available |
| 📊 CFDs Total Offered | Thousands |
| 📉 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 📈 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit cards, e-wallets |
| 💶 Withdrawal Options | Bank transfer, credit/debit cards, e-wallets |
| 💻 Trading Platforms | SaxoTraderGO, SaxoTraderPRO |
| 🖱️ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex trading tools | Advanced charting, research tools, trading signals |
| 🥰 Customer Support | Very Responsive |
| 🗯️ Live chat | ✅Yes |
| 💌 Support Email | Varies by Region |
| ☎️ Support Contact | Varies by Region |
| 🐦 Social media | Facebook, Twitter, |
| 🔖 Languages | Multiple languages including English, Danish, German, etc. |
| 🏷️ Forex course | ✅Yes |
| ✏️ Webinars | ✅Yes |
| 📔 Educational Resources | Yes (includes articles, videos, and courses) |
| 🫰🏻 Affiliate program | ✅Yes |
| 🫶 Amount of partners | Numerous |
| 🤝 IB Program | ✅Yes |
| 🌟 Sponsor notable events/teams | Various |
| 💰 Rebate program | ✅Yes |
| 😊 Suited to Beginners | ✅Yes |
| 😎 Suited to Professionals | ✅Yes |
| ♒ Suited to Active Traders | ✅Yes |
| 💡 Suited to Scalpers | ✅Yes |
| 🌞 Suited to Day Traders | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Instructional resources | High Fees when Compared |
| Multiple Trading Platforms | Futures and options - complicated cost structures |
Our Insights
Saxo is available to both beginner and established traders. However, established traders will benefit from the impressive proprietary platforms on offer.
Pepperstone
Pepperstone is an award-winning brokerage firm with access to Forex, commodities, indices, currency indices, cryptocurrencies, shares, and, ETFs. Regulations include ASIC, BaFIN, and, CySEC. Accounts offered are Standard and Razor. A minimum deposit of AU$200 is required.
Trading Platforms are TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai. Moreover, Scalping and Hedging are allowed. No inactivity Fee is charged.
| 🔎 Broker | 🥇 Pepperstone |
| 💴 Minimum Deposit | AU$200 |
| 📈 Account Types | Standard Account, Razor Account |
| 💵 Base Currencies | USD, GBP |
| 📉 Spreads | From 0.0 pips EUR/USD on the Razor Account |
| 📊 Leverage | 1:500 (Pro), 1:200 (Retail) |
| 💶 Currency Pairs | 70, minor, major, and exotic pairs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fully digital account opening | Mostly CFDs offered |
| Great customer service | Basic Trading Platforms |
Our Insights
The benefits of trading with Pepperstone include spreads from o Pips and Leverage of up to 1:500 on the Pro account. However, the minimum deposit of AU$200 is high.
GO Markets
GO Markets is a leading global provider of online CFD trading services with access to forex, shares, commodity, and index CFDs. ASIC, FSA Seychelles, FSC Mauritius, and, CySEC regulate it. Accounts offered are Standard and GO+ Plus. Trading Platforms available are MetaTrader 4, MetaTrader 5, and, cTrader. A Minimum deposit of 200 USD is required.
Additional benefits include 9 Base Currencies, including AUD, USD, EUR, and, GBP. Moreover, a leverage of up to 1:500 is offered.
| 🔎 Broker | 🥇 GO Markets |
| 💴 Minimum Deposit | 200 USD |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips |
| 📉 Leverage | 1:500 |
| 🪙 Currency Pairs | 50+; minor, major, exotic pairs |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Competitive Spreads | Not FCA Regulated |
Our Insights
All traders will benefit from trading with GO Markets. However, the minimum deposit of 200 USD is high and trading is not commission free.
IC Markets
IC Markets is a trustworthy, highly regulated Forex Broker with access to competitive trading fees. Trading instruments include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures. Accounts offered are cTrader, Raw Spread, and, Standard. Trading Platforms available are MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade.
Additional benefits include around-the-clock customer support, access to over 64 currency pairs, and the availability of Scalping and Hedging.
| 🔎 Broker | 🥇 IC Markets |
| 📌 Year Founded | 2007 |
| 👤 Amount of Active Traders | Over 1 million |
| 📍 Publicly Traded | None |
| 🛡️ Regulation | FSA (Seychelles) |
| 🌎 Country of Regulation | Seychelles |
| 🔃 Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| 🧾 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | Major and Minor |
| 💶 Minimum Deposit | 200 USD |
| ⚡ Average Deposit/Withdrawal Processing Time | Typically 1-2 business days |
| 💵 Fund Withdrawal Fee | Generally no fee |
| 🔖 Spreads From | From 0.0 pips |
| 💷 Commissions | Variable |
| 🪙 Number of Base Currencies Supported | 10+ |
| 💳 Swap Fees | ✅Yes |
| 🏷️ Leverage | Up to 1:500 |
| 🖇️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖥️ Order Execution Time | Milliseconds |
| 💻 VPS Hosting | ✅Yes |
| 📈 CFDs Total Offered | Extensive Range |
| 📉 CFD Stock Indices | Major global indices |
| 🍎 CFD Commodities | Oil, gold, etc. |
| 📊 CFD Shares | Major global stocks |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets |
| 🖥️ Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
| 💻 OS Compatibility | Windows, macOS, iOS, Android |
| 🖱️ Forex Trading Tools | Advanced charting tools, etc. |
| 🥰 Live Chat Availability | ✅Yes |
| ☎️ Customer Support Contact Number | Varies by region |
| 💙 Social Media Platforms | Twitter, Facebook, LinkedIn, |
| 😎 Languages Supported | Multiple Languages |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | ✅Yes |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous global partners |
| 🫰🏻 IB Program | ✅Yes |
| ↪️ Do They Sponsor Any Notable Events or Teams | ✅Yes |
| ⭐ Rebate Program | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Ultra-tight spreads from 0.0 pips | Regulated only by FSA (Seychelles) |
| Supports MT4, MT5, cTrader, TradingView | No cent accounts |
| Leverage up to 1:1000 | Overnight holding fee on Islamic accounts |
| No deposit or inactivity fees | Some features/platforms may be complex for beginners |
| Broad asset selection & copy trading options | Limited stock CFD offering compared to equity brokers |
Our Insights
The benefits of trading with IC Markets include multi-lingual website access and multi-lingual customer support.
CMC Markets
CMC Markets is a UK-based financial services provider with access to Forex, indices, commodities, crypto CFDs, shares, share baskets, treasuries, and, ETFs. Regulations include BaFin, FCA, and, ASIC. Accounts offered are CFD, Spread Betting, and, Corporate. No minimum deposit is required.
Trading Platforms include MetaTrader 4, Next Generation, and, a proprietary trading app. Additional benefits include 10 Base Currencies and spreads from 0.3 Pips.
| 🔎 Broker | 🥇 CMC Markets |
| 💴 Minimum Deposit | 0 USD |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | Yes |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Next Generation platform | High Fees |
Our Insights
CMC Markets is best suited to established traders as it charges an inactivity fee and trading is not commission free.
The National Bank of Slovakia
The supervision of the financial market in Slovakia falls under the regulatory authority of the Národná Banka Slovenska (NBS) or Slovakian Central Bank. Moreover, the National Bank of Slovakia is a Slovak member of the Eurosystem.
Is Forex Trading Legal in Slovakia?
Forex Trading in Slovakia is legal and highly regulated by the Slovakian Central Bank.
In Conclusion
The popularity of Forex Trading in Slovakia has seen a notable rise amongst young professionals, and international students. Moreover, multiple highly regulated international brokers accept Slovakian Traders.
Our Insights
While reviewing the Best Forex Brokers that accept Slovakian Traders, we found 5 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
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Faq
Forex Trading in Slovakia is legal and highly regulated by the Slovakian Central Bank.
The supervision of the financial market in Slovakia falls under the regulatory authority of the Národná Banka Slovenska (NBS) or Slovakian Central Bank.
The Euro (EUR) is the official currency in Slovakia
Saxo is available to all traders. However, established traders will benefit from the SaxoTraderGO and SaxoTraderPRO proprietary trading platforms.
Pepperstone offers leverage of up to 1:500 on the Pro and 1:200 on the Retail account.
GO Markets is a trustworthy and highly regulated Forex Broker with a presence in major cities including Hong Kong and Taipei.
IC Markets do not charge an Inactivity Fee.
CMC Markets offers 24/5 Customer Support.
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