5 Best Forex Brokers in 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 – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Hungarian Traders | 💷 Min. Deposit (HUF) |
| 🥇 eToro | 👉 Click Here | ✅Yes | 3617,63 |
| 🥈 Interactive Brokers | 👉 Click Here | ✅Yes | None |
| 🥉 Saxo Bank | 👉 Click Here | ✅Yes | None |
| 🏅 Pepperstone | 👉 Click Here | ✅Yes | 47882,00 |
| 🎖️ CMC Markets | 👉 Click Here | ✅Yes | None |
5 Best Forex Brokers in Hungary (2024)
- ☑️ eToro – Overall, the Best Forex Broker in Hungary
- ☑️ Interactive Brokers – Best Forex Broker for Professionals
- ☑️ Saxo Bank – Best Overall Offering
- ☑️ Pepperstone – Popular Forex Broker for Beginners
- ☑️ CMC Markets – Best MetaTrader 4 and MetaTrader 5 Broker
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 Licenses | CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC |
| 📉 Ease of Use | 5/5 |
| 📊 Support Hours | 24/5 |
| 💻 Trading Platforms | eToro platform |
| 💹 Account Types | Standard Retail Account |
| 💴 Base Currencies | USD |
| 🅰️ Spreads | From 1 pip EUR/USD |
| 🅱️ Leverage | 1:400 (eToro Seychelles Ltd) |
| 💶 Currency Pairs | 55; minor, major, exotic pairs |
| 💳 Minimum Deposit | From 10 USD (US) |
| 🚫 Inactivity Fee | 10 USD after 12 months of inactivity |
| 📌 Website Languages | English, Italian, German, etc. |
| 💰 Fees and Commissions | Spreads from 1 pip, zero commission fees |
| 🤝 Affiliate Program | ✅Yes |
| ✖️ Banned Countries | Canada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria |
| 📈 Scalping | None |
| 📉 Hedging | ✅Yes |
| 📊 Trading Instruments | Forex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Social trading | Withdrawal Fee |
| Low trading fees | Inactivity fee |
| Negative balance protection | Conversion fees |
| User-friendly Platform | Single 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
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. Deposit | None |
| 💶 Inactivity Fee | None |
| 📈 Tradable Assets | Forex, Metals, Futures, ETFs |
| 🪙 Crypto Trading | ✅Yes |
| 📉 MT4 / MT5 | None |
| 📊 Proprietary Platforms | ✅Yes |
| 📲 Mobile App | ✅Yes |
| 🤝 Customer Support | 24/7 |
| ✏️ Education | ✅Yes |
| 📍 Account Types | IBKR Pro and Lite |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low commissions and fees | Intimidating Platform |
| Excellent educational materials | Complex tiered pricing plans |
| Reliable trade execution | Lacking Customer Support |
Our Insights
The benefits of trading with Interactive Brokers include Scalping, Hedging, and, International availability.
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 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
The benefits of trading with Saxo include a multilingual Website, Over 185 Currency Pairs, and a leverage of up to 1:30.
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 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 0.0 Pips, a leverage of up to 1:500, and, Crypto Trading.
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 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
The benefits of trading with CMC Markets include 10 Base Currencies, spreads from 0.3 Pips, and, no minimum deposit required.
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.
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).
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.
| 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 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.
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Frequently Asked Questions
How many currency pairs does eToro offer?
55 currency pairs, including minor, major, and Exotic.
What Countries are Banned from using IBKR?
None. No Countries are Banned by Interactive Brokers.
How many Base Currencies does Saxo Bank accept?
Saxo Bank accepts 18 Currency Pairs.
What is the Pepperstone Minimum Deposit?
The Pepperstone minimum deposit is AU$ 200.
Is the CMC Markets website multilingual?
The CMC Markets website is available in English, French, German, Italian, Norwegian, Polish, and, Spanish.
Top 4 Brokers
