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4 Best Forex Brokers in the Czech Republic

Edited by: Louis Schoeman

Forex Brokers Czech Republic

 

The 4 Best Forex Brokers in the Czech Republic (Czechia) – Rated and Reviewed. We have listed the Top Forex Brokers accepting traders in the Czech Republic.

 

In this in-depth guide, you will learn:

  • The Best Forex Broker in the Czech Republic – a List
  • The Best Forex Brokers in Czech for Beginners and Professionals
  • Is forex trading legal in the Czech Republic?
  • The Best MT4/MT5 Forex Brokers in Europe

and much, MUCH more!

 

4 Best Forex Brokers in the Czech Republic

 

4 Best Forex Brokers in the Czech Republic – a Comparison

🔎 Broker🚀Open an Account🤝 Accepts Czech Traders💶 Min. Deposit
🥇 Oanda👉 Click Here✅YesNone
🥈 Interactive Brokers👉 Click Here✅Yes25 USD
🥉 Admirals👉 Click Here✅YesNone
🏅 XTB👉 Click Here✅YesNone

 

4 Best Forex Brokers in the Czech Republic (2024)

  1. ☑️ Oanda – Overall, the Best Forex Broker in the Czech
  2. ☑️ Interactive Brokers – Best Overall Offering
  3. ☑️ Admirals – Best Forex Broker for Beginners
  4. ☑️ XTB – Best MetaTrader 4 Forex Broker

 

OANDA

 

OANDA

OANDA is one of the world’s leading online trading groups. Moreover, it provides access to multi-asset trading, currency data, and analytics. IIROC, ASIC, CFTC, NFA, FCA, FFAJ, JFSA, MAS, MFSA, and, the BVI FSC regulate it. Moreover, client funds are kept in Segregated Accounts.

Accounts offered are Standard, Core, Swap-Free, Premium, Premium Core, and, Demo. No Minimum deposit is required. Spreads start from 0.1 Pips with a Leverage of up to 1:888. Trading Platforms include FxTrade, MetaTrader 4, and, MetaTrader 5. Moreover, a Proprietary platform is available.

The following trading instruments and products are available:

  • 48 currency pairings
  • 18 indices
  • Over 1,200 share CFDs
  • Ten commodities

Furthermore, 18 different cryptocurrencies are available for trade.

🔎 Broker🥇 OANDA
💶 Minimum DepositNone
📌 Account TypesStandard, Elite Trader
🆓 Demo Account✅Yes
🎁 Bonus Offers✅Yes
✏️ Education✅Yes
📲 Mobile Trading✅Yes
🖱️ Trading PlatformMetaTrader 4
🚀Open an Account👉 Click Here

 

Oanda

 

Pros and Cons

✅ Pros❌ Cons
Great trading platformsOnly FX and CFD available for most clients
Outstanding research toolsLacking Customer Support
Low trading feesInactivity fee

 

Our Insights

The benefits of trading with OANDA include a large library of instructional resources and trusted customer support.

 

Interactive Brokers Review

 

Interactive Brokers

Interactive Brokers or IBKR is a well-established and trusted Broker committed to providing a secure trading environment. FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, and, MAS regulate it. Accounts available are IBKR Lite and IBKR Pro. No minimum deposit is required.

Excepted base currencies include USD, AUD, CAD, CHF, EUR, GBP, HKD, and JPY. Moreover, Spreads start from 0.6 Pips with a leverage of up to 1:30.

Trading platforms offered are IBKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, and, IBKR Impact. The following trading instruments and products are available:

  • Over 100 currency pairings
  • Over 150 exchanges in 33 countries
  • Exchange-traded funds (ETFs)
  • futures contracts for various asset types

Moreover, trading on Bitcoin, Ethereum, Litecoin, and Bitcoin Funds is available.

🔎 Broker🥇 Interactive Brokers
💴 Min. DepositNone
💶 Inactivity FeeNone
📈 Tradable AssetsForex, Metals, Futures, ETFs
🪙 Crypto Trading✅Yes
📉 MT4 / MT5None
📊 Proprietary Platforms✅Yes
📲 Mobile App✅Yes
🤝 Customer Support24/7
✏️ Education✅Yes
📍 Account TypesIBKR Pro and Lite
🚀Open an Account👉 Click Here

 

Interactive Brokers Overview

 

Pros and Cons

✅ Pros❌ Cons
Low commissions and feesIntimidating Platform
Excellent educational materialsComplex tiered pricing plans
Reliable trade executionLacking Customer Support

 

Our Insights

Interactive Brokers suit all levels of traders, with a selection of Lite and Professional trading accounts.

 

Admirals Review

 

Admirals

Admirals is a leading platform for forex, contracts for difference (CFDs), and foreign exchange transactions across various financial markets. The FCA, ASIC, CySEC, JSC, FSCA, FSA, and, CMA regulate it. Accounts offered are Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, Bets. and, MT5.

The minimum deposit is 25 USD. Moreover, Spreads start from 0.0 Pips, a Leverage of up to 1:1000 is offered, and, commission costs are low.

Trading Platforms include MetaTrader 4, MetaTrader 5, and, a proprietary trading app. The following trading instruments and products are available:

  • 80+ currency pairings
  • 42+ cryptocurrencies
  • 29+ commodities
  • 40+ indices are accessible for trading.
  • Over 4,500 equities
  • More than 400 ETFs

Additionally, Admirals offer trading on two bond CFDs.

🔎Broker🥇Admirals
💴Minimum Deposit25 USD
🎉Established Year2001
⏰Support Hours24/5
💻Trading PlatformsMetaTrader 4, MetaTrader 5, Admirals App
📈Account TypesTrade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5
🚀 Open an Account
👉 Click Here

 

Admirals

 

Pros and Cons

✅ Pros❌ Cons
Islamic AccountInactivity fee
Free Deposit and WithdrawalNo 24/7 customer service

 

Our Insights

The Benefits of trading with admirals include multiple base currencies, trusted Deposit Options and, real-time market information.

 

XTB Review

 

XTB

XTB is one of the largest stock exchange-listed Forex and CFD Brokers in the world. The FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and, the IFSC regulate it. The Standard and Swap-Free accounts are integrated with xStation 5 and xStation Mobile.

Trading Instruments include Forex, indices, commodities, stocks, ETFs, and, crypto CFDs.

🔍 Broker🥇 XTB
📌 Year Founded2002
👤 Amount of StaffApproximately 2,000
👥 Amount of Active TradersOver 500,000
📍 Publicly TradedWarsaw Stock Exchange
📈 RegulationFCA,
KNF,
IFSC,
CySEC
🌎 Country of RegulationUK (FCA),
Poland (KNF)
📉 Account Segregation✅Yes
📊 Negative Balance Protection✅Yes
💹 Investor Protection Schemes✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed AccountsNone
💰 Minor Account CurrenciesMajor,
Minor
💴 Minimum DepositVaries by account type
⚡ Average Deposit/Withdrawal Processing Time1-3 business days
💶 Fund Withdrawal FeeNone
📐 Spreads FromFrom 0.1 pips
💶 CommissionsVariable
💵 Number of Base Currencies Supported30+
💷 Swap Fees✅Yes
🔖 LeverageUp to 1:500
🏷️ Margin RequirementsVaries
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
🖇️ Order Execution Time SecondsMilliseconds -
🖥️ VPS HostingSelect accounts
📈 CFDs TotalOver 2,000
📉 CFD Stock IndicesMajor global indices
🍎 CFD CommoditiesOil, gold, etc.
📊 CFD Shares✅Yes
💴 Deposit OptionsBank transfer,
credit/debit,
e-wallets, etc.
💶 Withdrawal OptionsBank transfer,
credit/debit,
e-wallets, etc.
🖱️ Trading PlatformsxStation 5
⭐ OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️ Forex Trading ToolsCharting tools,
technical analysis
🥰 Live Chat Availability✅Yes
☎️ Customer Support Contact NumberVaries by region
💙 Social Media PlatformsTwitter,
Facebook,
LinkedIn,
Instagram
🚩 Languages SupportedMultiple languages
✏️ Forex Course✅Yes
📔 Webinars✅Yes
📚 Educational ResourcesArticles,
tutorials, etc.
🤝 Affiliate Program✅Yes
🫶 Amount of PartnersNumerous global partners
🫰🏻 IB Program✅Yes
🔖 Notable Events or Teams✅Yes
🏷️ Rebate Program✅Yes
🚀 Open an Account👉 Click Here

 

XTB

 

Pros and Cons

✅ Pros❌ Cons
Islamic AccountInactivity fee
Free Deposit and WithdrawalHigh conversion fee

 

Our Insights

The benefits of trading with XTB include a wide variety of educational resources and dedicated customer support.

 

Forex in the Czech

 

The Česká Národní Banka (CNB)

The Česká Národní Banka (CNB) or The Czech National Bank, is the central bank and financial market supervisor in the Czech Republic. Moreover, it is a member of the European System of Central Banks and regulated in Prague.

 

The Česká Národní Banka (CNB)

 

Is Forex Trading Legal in the Czech Republic?

Trading Forex in the Czech Republic is Legal and Regulated by the Česká Národní Banka (CNB).

 

Is Forex Trading Legal in the Czech Republic?

 

In Conclusion

The popularity of Forex in the Czech Republic has seen a notable rise. Moreover, it is licensed and regulated by the Česká Národní Banka (CNB). Moreover, Multiple International Forex Brokers accept Czech Traders.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker
🥈Read ReviewFSCA, IFSC, ASIC, CySEC, DFSA, FCAUSD 5Visit Broker
🥉Read ReviewFCA, FSCA, FSC, CMAUSD 10Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewFSC, FSA, VFSCUSD 10Visit Broker
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker

 

Our Insights

While reviewing the Best Forex Brokers that accept Czech Traders, we found 4 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.

 

You might also like:

Oanda Review

Interactive Brokers Review

Admirals Review

XTB Review

Faq

57 Currency pairs, including Major, minor, and, Exotic Pairs

Admirals Markets, or Admirals, was established in 2001.

Interactive Brokers is licensed by nine Tier-1 authorities

OANDA offers a Virtually Funded Demo Trading Account.

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