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5 Best Forex Brokers in Hungary

Last Update: May 28th, 2024

Forex Brokers Hungary

The 5 Best Forex Brokers in Hungary – Rated and Reviewed. We have listed the Best Forex Brokers accepting traders in Hungary.

 

In this in-depth guide you will learn:

  • The Best Forex Brokers in Hungary – a List
  • The Best Forex Brokers for Beginners and Foreigners
  • The top MetaTrader 4 and MetaTrader 5 Forex Brokers
  • Is Forex Trading Legal in Hungary?
  • The Best Forex Broker in Europe

and much, MUCH more!

 

5 Best Forex Brokers in Hungary

 

5 Best Forex Brokers in Hungary – a Comparison

🔎 Broker🚀Open an Account🤝 Accepts Hungarian Traders💷 Min. Deposit (HUF)
🥇 eToro👉 Click Here✅Yes3617,63
🥈 Interactive Brokers👉 Click Here✅YesNone
🥉 Saxo Bank👉 Click Here✅YesNone
🏅 Pepperstone👉 Click Here✅Yes47882,00
🎖️ CMC Markets👉 Click Here✅YesNone

 

5 Best Forex Brokers in Hungary (2024)

  1. ☑️ eToro – Overall, the Best Forex Broker in Hungary
  2. ☑️ Interactive Brokers – Best Forex Broker for Professionals
  3. ☑️ Saxo Bank – Best Overall Offering
  4. ☑️ Pepperstone – Popular Forex Broker for Beginners
  5. ☑️ CMC Markets – Best MetaTrader 4 and MetaTrader 5 Broker

 

eToro Review

 

eToro

eToro is a well-established and trusted broker that offers access to a Standard Retail Account paired with a proprietary trading platform. CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and, SIPC regulate it. The following trading instruments and products are available:

  • 55 currency pairs
  • 32 commodities
  • 531 ETFs
  • 21 indices
  • 77 cryptocurrencies
  • 4,610 stocks

Moreover, NFTs (Non-Fungible Tokens) are available for trade.

🔎 Broker🥇 eToro
📈 Regulation and LicensesCySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC
📉 Ease of Use5/5
📊 Support Hours24/5
💻 Trading PlatformseToro platform
💹 Account TypesStandard Retail Account
💴 Base CurrenciesUSD
🅰️ SpreadsFrom 1 pip EUR/USD
🅱️ Leverage1:400 (eToro Seychelles Ltd)
💶 Currency Pairs55; minor, major, exotic pairs
💳 Minimum DepositFrom 10 USD (US)
🚫 Inactivity Fee10 USD after 12 months of inactivity
📌 Website LanguagesEnglish, Italian, German, etc.
💰 Fees and CommissionsSpreads from 1 pip, zero commission fees
🤝 Affiliate Program✅Yes
✖️ Banned CountriesCanada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria
📈 ScalpingNone
📉 Hedging✅Yes
📊 Trading InstrumentsForex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs
🚀Open an Account👉 Click Here

 

eToro Overview

 

Pros and Cons

✅ Pros❌ Cons
Social tradingWithdrawal Fee
Low trading feesInactivity fee
Negative balance protectionConversion fees
User-friendly PlatformSingle base currency

 

Our Insights

The benefits of trading with eToro include a diverse portfolio of Trading Instruments, a user-friendly trading platform, and, dedicated customer support.

 

Interactive Brokers Review

 

Interactive Brokers

Interactive Brokers is a highly-regulated Forex Broker governed by Nine-Tier 1 entities. Regulations include FINRA, IIROC, FCA, and, the CSSF. The IBKR Lite and Pro accounts are integrated with the IBKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, and, IBKR Impact Platforms.

IBKR offers access to over 100 Currency Pairs, spreads from 0.6 Pips, and, 24/5 Customer Support. Moreover, Trading instruments include Forex, stocks, ETFs, options, futures, indices, mutual funds, cryptocurrencies, metals, and, bonds.

🔎 Broker🥇 Interactive Brokers
💴 Min. DepositNone
💶 Inactivity FeeNone
📈 Tradable AssetsForex, Metals, Futures, ETFs
🪙 Crypto Trading✅Yes
📉 MT4 / MT5 None
📊 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

The benefits of trading with Interactive Brokers include Scalping, Hedging, and, International availability.

 

Saxo Bank Review

 

Saxo Bank

Saxo Bank is a highly regulated Forex Broker with one of the highest trust scores in the industry. Regulations include FCA, MAS, FINMA, and, CONSOB. The Classic, Platinum, and, VIP accounts are integrated with the SaxoTraderGO and SaxoTraderPro platforms.

Moreover, Saxo provides access to 18 Base Currencies and voids Inactivity Fees.

🔎 Broker🥇 Saxo
📈 Ease of Use4/5
📉 Support Hours24/5
📊 Trading PlatformsSaxoTraderGO, SaxoTraderPRO
💹 Account TypesClassic, Platinum, VIP
💴 Base Currencies18 currencies
🅰️ SpreadsFrom 0.4 pips
🅱️ Leverage1:30
💸 Currency Pairs185+
💳 Minimum Deposit0 USD
🚫 Inactivity FeeNone
⚙️ Website LanguagesEnglish, Danish, French, etc.
💰 Fees and CommissionsSpreads from 0.4 pips; commissions from $0 on Mutual Funds
🤝 Affiliate Program✅Yes
❌ Banned CountriesUnited States
📈 Scalping✅Yes
📉 Hedging✅Yes
📊 Trading InstrumentsForex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, mutual funds
🚀Open an Account👉 Click Here

 

Saxo Bank

 

Pros and Cons

✅ Pros❌ Cons
Instructional resources High Fees when Compared
Multiple Trading PlatformsFutures and options - complicated cost structures

 

Our Insights

The benefits of trading with Saxo include a multilingual Website, Over 185 Currency Pairs, and a leverage of up to 1:30.

 

Pepperstone

 

Pepperstone

Pepperstone is a trustworthy and highly regulated Forex Broker that provides competitive spreads on Contracts for Difference (CFDs).  Regulations include ASIC, BaFin, CMA, and, CySEC. The Standard and Razor Accounts are integrated with TradingView, MT4, MT5, cTrader, and, Capitalise.ai.

Moreover, Pepperstone provides 24/7 Customer support and Over 70 Currency Pairs.

🔎 Broker🥇 Pepperstone
💴 Minimum DepositAU$200
📈 Account TypesStandard Account, Razor Account
💵 Base CurrenciesUSD, GBP
📉 SpreadsFrom 0.0 pips EUR/USD on the Razor Account
📊 Leverage1:500 (Pro), 1:200 (Retail)
💶 Currency Pairs70, minor, major, and exotic pairs
🚀 Open an Account
👉 Click Here

 

Pepperstone

 

Pros and Cons

✅ Pros❌ Cons
Fully digital account openingMostly CFDs offered
Great customer serviceBasic Trading Platforms

 

Our Insights

The benefits of trading with Pepperstone include Spreads from 0.0 Pips, a leverage of up to 1:500, and, Crypto Trading.

 

CMC Markets Review

 

CMC Markets

CMC Markets is a trustworthy and well-regarded Forex and CFDs Broker. The company has a global reach with offices based in  Australia, Singapore, and Canada. Regulations include BaFin, FCA, and, ASIC. Moreover, the CFD, Spread Betting, and Corporate accounts are integrated with MetaTrader 4, Next Generation, and, a Proprietary Trading App.

Moreover, over 330 Currency Pairs are available.

🔎 Broker🥇 CMC Markets
💴 Minimum Deposit0 USD
5️⃣ Ease of Use Rating5/5
🎁 BonusesYes
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

 

CMC Markets

 

Pros and Cons

✅ Pros❌ Cons
Next Generation platformHigh Fees

 

Our Insights

The benefits of trading with CMC Markets include 10 Base Currencies, spreads from 0.3 Pips, and, no minimum deposit required.

 

Forex in Hungary

 

The National Bank of Hungary (NBH)

The NBH or National Bank of Hungary is the central bank of Hungary and forms part of the European System of Central Banks.

 

The National Bank of Hungary (NBH).

 

Is Forex Trading Legal in Hungary?

Forex Trading is legal in Hungary and falls under the regulatory authority of the National Bank of Hungary (NBH).

 

Is Forex Trading Legal in Hungary?

 

In Conclusion

Forex in Hungary is popular, governed, and legal in Hungary. The National Bank of Hungary (NBH) is the regulatory authority tasked with the management of foreign exchange reserves.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewCySEC, MISA, FSCAUSD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit 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 Hungarian 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.

 

You might also like:

eToro Review

Interactive Brokers Review

Saxo Bank Review

Pepperstone Review

CMC Markets Review

FAQs

The CMC Markets website is available in English, French, German, Italian, Norwegian, Polish, and, Spanish.

The Pepperstone minimum deposit is AU$ 200.

Saxo Bank accepts 18 Currency Pairs.

None. No Countries are Banned by Interactive Brokers.

55 currency pairs, including minor, major, and Exotic.