4 Best Forex Brokers in Estonia
The 4 Best Forex Brokers in Estonia – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Estonia.
In this in-depth guide you will learn:
- The Best Forex Brokers in Estonia – a List
- Is forex trading legal in Estonia?
- What is the best forex broker in Europe?
- The Best Forex Broker for Beginners and Foreigners.
- The Best MT4/MT5 Forex Brokers
and much, MUCH more!
4 Best Forex Brokers in Estonia – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Estonian Traders | 💶 Min. Deposit (EUR) |
| 🥇 Saxo Bank | 👉 Click Here | ✅Yes | None |
| 🥈 Pepperstone | 👉 Click Here | ✅Yes | 122.58 |
| 🥉 Tickmill | 👉 Click Here | ✅Yes | 92.84 |
| 🏅 IC Markets | 👉 Click Here | ✅Yes | 185.67 |
4 Best Forex Brokers in Estonia (2024)
- ☑️ Saxo – Overall, the Best Forex Broker in Estonia
- ☑️ Pepperstone – Best Forex Broker for Beginners
- ☑️ Tickmill – Leading Broker for Professionals
- ☑️ IC Markets – Best Overall Offering
Saxo Bank
Saxo is a leading Danish investment bank fully licensed Danish bank under the supervision of Finanstilsynet (the Danish FSA). The Classic, Platinum, and, Vip Accounts are integrated with SaxoTraderGo and SaxoTraderPro. Trading Instruments include Forex, CFDs, stocks, commodities, futures, and more.
Other notable features include:
- Access to Scalping and Hedging
- Leverage of up to 1:30
- 17+ Base Currencies
Moreover, the Saxo Website is available in a wide selection of Languages, including English, Danish, and, Polish.
| 🔎 Broker | 🥇 Saxo |
| 📈 Ease of Use | 4/5 |
| 📉 Support Hours | 24/5 |
| 📊 Trading Platforms | SaxoTraderGO, SaxoTraderPRO |
| 💹 Account Types | Classic, Platinum, VIP |
| 💴 Base Currencies | 18 currencies |
| 🅰️ Spreads | From 0.4 pips |
| 🅱️ Leverage | 1:30 |
| 💸 Currency Pairs | 185+ |
| 💳 Minimum Deposit | 0 USD |
| 🚫 Inactivity Fee | None |
| ⚙️ Website Languages | English, Danish, French, etc. |
| 💰 Fees and Commissions | Spreads from 0.4 pips; commissions from $0 on Mutual Funds |
| 🤝 Affiliate Program | ✅Yes |
| ❌ Banned Countries | United States |
| 📈 Scalping | ✅Yes |
| 📉 Hedging | ✅Yes |
| 📊 Trading Instruments | Forex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, mutual funds |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Instructional resources | High Fees when Compared |
| Multiple Trading Platforms | Futures and options - complicated cost structures |
Our Insights
Saxo best suits Active and Professional Traders. Benefits include no inactivity fee, commissions free trading, and trusted customer support.
Pepperstone
Pepperstone is a leading and well-established Australian Online Broker. ASIC, BaFin, CMA, CySEC, DFSA, FCA, and the SCB regulate it. The Standard and Razor Accounts are integrated with the TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai trading platforms. The minimum deposit is AU$ 200.
Other notable features include:
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- 70+ Currency Pairs
- Low Commission Trading
Trading Instruments include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and, ETFs.
| 🔎 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
Pepperstone is well-suited to all levels of Traders. Moreover, a referral bonus and an active trader program are available.
Tickmill
Tickmill is a leading and multi-regulated multi-asset broker governed by Seychelles FSA, FCA, CySEC, Labuan FSA, and, the FSCA. The VIP, Classic, and Pro accounts are integrated with MetaTrader 4 and MetaTrader 5. The minimum deposit is 100 USD. Moreover, a Priopority Trading platform is available.
Trading Instruments include Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, and, ETFs.
| 🔎 Broker | 🥇 Tickmill |
| 💴 Minimum Deposit | $100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips on the Pro and VIP Accounts |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | 62, major, minor, and exotic pairs |
| 📊 Scalping | ✅Yes |
| 💹 Hedging | ✅Yes |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, Tickmill App |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| MetaTrader 4 and MetaTrader 5 | Limited range of instruments |
| Pro account with minimal commissions | Limited Trading Platforms |
Our Insights
Tickmill suits Beginner and Professional Traders. Additional benefits include a wide range of educational resources.
IC Markets
IC Markets is a trusted and regulated Forex Broker that is licensed by ASIC, CySEC, FSA, and, the SCB. The cTrader, Raw Spread, and, Standard Accounts are integrated with MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade. The minimum deposit is 200 USD.
Trading Instruments include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures.
| 🔎 Broker | 🥇 IC Markets |
| 💴 Minimum Deposit | 200 USD |
| 💵 Inactivity Fee | None |
| 📌 Regulation and Licenses | ASIC, CySEC, FSA, SCB |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Affordable forex and CFD trading costs | High minimum deposit requirement |
| Comprehensive education and research | No investor protection for non-EU customers |
Our Insights
The benefits of trading with IC Markets include Copy Trading, Spreads from 0.0 Pips, and, excellent customer support.
The Estonian Financial Supervision Authority (EFSA)
The Finantsinspektsioon or Estonian Financial Supervision and Resolution Authority is the financial supervision and crisis resolution authority of Estonia.
Is Forex Trading Legal in Estonia?
Forex Trading in Estonia is legal, licensed, and Regulated by the Estonian Financial Supervision Authority (EFSA).
In Conclusion
The popularity of Forex Trading in Estonia has seen a notable rise amongst young professionals. Moreover, it is legal and well-regulated by the Estonian Financial Supervision Authority (EFSA). Furthermore, multiple International Brokers accept Estonian Traders.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 |  | Read Review | CySEC, MISA, FSCA | USD 5 | Visit Broker >> |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 |  | Read Review | FCA, FINMA, FSA, ASIC | USD 0 | Visit Broker >> |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker >> |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker >> |
Our Insights
While reviewing the Best Forex Brokers that accept Estonian 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.
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Frequently Asked Questions
What is Saxo Bank’s Minimum Deposit?
No minimum deposit is required.
How many Currency Pairs does Pepperstone offer?
70 Currency Pairs, including Minor, Major, and, Exotic.
Does Tickmill charge an Inactivity Fee?
Tickmill does not charge an Inactivity Fee.
Does IC Markets provide customer support?
IC Markets provides 24/7 Customer Support.
Top 4 Brokers
