10 Best Forex Brokers in Italy
10 Best Forex Brokers in Italy – Ideal or Illusion, Revealed! We have listed the Top 10 CONSOB-approved, MiFID II authorized Forex Brokers in (EU) Europe offering top trading opportunities and Euro (EUR, €) account options to Italian Forex Traders.
10 Best Forex Brokers in Italy (2025)
- Saxo Bank – Best Forex Broker in Italy for 2025.
- Pepperstone – Registered with EU authorities, compliant under ESMA rules.
- IC Markets – Offers EUR-denominated trading in Italy.
- Axi – Commission-free and Pro account options.
- CMC Markets – Italian-language education and platform support.
- Plus500 – Platform translated and supported in Italy.
- FxPro – Offers MT4, MT5, cTrader, and proprietary FxPro Edge.
- AvaTrade – Regulated across 7 jurisdictions, including the EU and Australia.
- XM – Provides EUR accounts and Italian educational material.
- eToro – Popular among Italian social and crypto traders.
10 Best Forex Brokers (Globally)
1. Saxo Bank
Saxo Bank uses EU passporting under MiFID II to operate legally in Italy, despite lacking direct local regulation. It welcomes Italian forex traders through its European entities and provides robust trading platforms, competitive tools, and localized support.
 | Minimum Deposit: $0 Regulated by: FSA, FCA Crypto: Yes |
| Feature | Available to Italians | Details | Regulator |
| Forex Trading Access | Yes | Via EU passporting (MiFID II) | Danish FSA (DFSA) |
| EUR Accounts | Yes | EUR as base currency supported | N/A |
| Platform Options | Yes | SaxoTraderGO, SaxoTraderPRO | N/A |
| Italian Language Support | Yes | On platform and customer care | N/A |
Frequently Asked Questions
Is Saxo Bank regulated to operate in Italy?
Saxo Bank operates legally under EU passporting rules, even without a license from Italy’s Consob. In addition, its MiFID II compliance enables it to serve Italian clients through its Danish or EU-licensed branches.
Can Italian traders open a forex account with Saxo Bank?
Yes, Italian residents can open a forex trading account with Saxo Bank. In addition, the broker offers EUR-based accounts, supports the Italian language, and gives traders full access to global markets through its advanced trading platforms.
| Minimum Deposit: $0 Regulated by: FSA, FCA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| MiFID II compliant and secure | Not regulated by Consob |
| Institutional-grade platforms and tools | Higher minimum deposit |
| EUR-denominated accounts for Italian traders | Not ideal for absolute beginners |
| Strong global presence and reputation | No physical presence in Italy |
Our Insights
Saxo Bank offers Italian traders institutional-grade tools and broad multi-asset exposure. Even though it lacks local regulation, its EU-compliant access and powerful platform provide a secure and feature-rich trading experience.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐⭐ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐☆☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐⭐ |
2. Pepperstone
Pepperstone does not hold direct regulation from Italy’s Consob but operates legally across Italy using EU passporting under CySEC regulation. Italian forex traders access their powerful trading platforms, competitive spreads, and localized support, fully compliant with MiFID II.
 | Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes |
| Feature | Available to Italians | Details | Regulator |
| Forex Trading Access | Yes | Via CySEC passporting (MiFID II) | CySEC |
| EUR Accounts | Yes | Supported base currency | N/A |
| Platform Options | Yes | MT4, MT5, cTrader | N/A |
| Italian Language Support | Yes | Platform and support available | N/A |
Frequently Asked Questions
Is Pepperstone regulated to operate in Italy?
Pepperstone holds full authorization through its CySEC license, allowing it to legally offer services to Italian residents under MiFID II. Even though it lacks direct Consob regulation, it ensures full investor protection and compliance with EU standards.
Can Italian residents trade forex with Pepperstone?
Italian traders register with Pepperstone’s EU-regulated entity to access EUR-denominated accounts, receive local support, and trade on advanced platforms like MT4, MT5, and cTrader, all while benefiting from tight spreads and fast execution.
| Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| EU-regulated with full legal access in Italy | Not regulated by Consob |
| Tight spreads and lightning-fast execution | No physical office in Italy |
| Advanced platforms including cTrader | Limited passive investment tools |
| Strong support and resources for Italian users | Minimum deposit may deter beginners |
Our Insights
Pepperstone provides a strong trading environment for Italian forex traders through its EU licensing. In addition, it delivers excellent platforms, low fees, and full compliance under MiFID II, making it a top-tier choice even without direct Consob oversight.
| Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes |
3. IC Markets
IC Markets operates legally in Italy through its European CySEC-regulated entity under MiFID II, though Italy’s Consob does not regulate it directly. Italian traders have access to ultra-low spreads, ECN execution, and popular trading platforms like MT4 and cTrader.
 | Minimum Deposit: $200 Regulated by: FSA Crypto: Yes |
| Feature | Available to Italians | Details | Regulator |
| Forex Trading Access | Yes | Via CySEC license (EU passporting) | CySEC |
| EUR Accounts | Yes | EUR-supported base accounts | N/A |
| Platform Options | Yes | MT4, MT5, cTrader | N/A |
| Italian Language Support | Yes | Multilingual EU platform support | N/A |
Frequently Asked Questions
Is IC Markets officially regulated to serve traders in Italy?
However, this EU authorization enables IC Markets to legally offer forex trading services to Italian residents under the MiFID II framework.
Can Italian traders use IC Markets to trade forex?
Yes, Italian traders open accounts with IC Markets’ EU-regulated entity. Additionally, they benefit from tight ECN spreads, advanced trading platforms, EUR base currency options, and support tailored to EU-based clients.
| Minimum Deposit: $200 Regulated by: FSA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| True ECN trading with raw spreads | No direct Consob regulation |
| Regulated in the EU under MiFID II | No physical Italian branch |
| Supports algorithmic and scalping strategies | May not suit complete beginners |
| EUR base accounts and low trading costs | Fewer beginner-focused educational tools |
Our Insights
IC Markets offers Italian forex traders institutional-grade ECN access within a fully compliant EU framework. Even though Consob does not directly regulate it, IC Markets provides a secure and cost-effective option for active and algorithmic traders in Italy.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Top 3 Italian Forex Brokers – Leaders Compared
| Broker |  |  |  |
| Italy Trading Access | Via EU passporting (MiFID II) | Via CySEC passporting (MiFID II) | Via CySEC license (EU passporting) |
| Regulator | 🇩🇰 Danish FSA (DFSA) | 🇨🇾 CySEC | 🇨🇾 CySEC |
| EUR Accounts | EUR as base currency supported | Supported base currency | EUR-supported base accounts |
| Platform Options | SaxoTraderGO SaxoTraderPRO | MT4 MT5 cTrader | MT4 MT5 cTrader |
| Italian Language Support | On platform and customer care | Platform and support available | Multilingual EU platform support |
| Read Review |  | | |
| Open an Account |  | | |
How we Rank the Best Forex Brokers in Italy
| Criteria | Focus Area | Purpose |
| Regulation Safety | Verified Consob or EU licenses. | Ensures trader protection. |
| Trading Conditions | Spreads, commissions, execution speed. | Measures trading value. |
| Platform Usability | MT4, MT5, cTrader, proprietary tools. | Rates user experience. |
| Local Relevance | EUR accounts Italian support. | Prioritizes regional accessibility. |
| Reputation Support | Customer service client satisfaction. | Confirms broker reliability. |
4. Axi
Axi operates legally in Italy through its EU-authorized entities, though Italy’s Consob does not regulate it directly. Italian forex traders utilize Axi’s MT4-based platform, access educational tools, and benefit from competitive trading conditions that comply with MiFID II regulations.
 | Minimum Deposit: $5 Regulated by: ASIC, FCA, DFSA, VFSC Crypto: Yes |
| Feature | Available to Italians | Details | Regulator |
| Forex Trading Access | Yes | EU access under MiFID II | FCA ASIC EU |
| EUR Accounts | Yes | EUR supported for Italian users | N/A |
| Platform Options | Yes | MT4 with advanced plugins | N/A |
| Italian Language Support | Yes | Localized support available | N/A |
Frequently Asked Questions
Is Axi regulated to operate in Italy?
Axi operates legally in Italy through its FCA and EU-regulated entities, using MiFID II passporting to serve Italian residents. Moreover, it ensures investor protection while offering reliable trading services without direct Consob regulation.
Can Italian traders open a forex account with Axi?
Yes, Axi accepts Italian traders under EU-compliant operations. Additionally, Italian traders open EUR-based accounts and access Axi’s commission-free or Pro accounts, all backed by negative balance protection and trusted oversight.
| Minimum Deposit: $5 Regulated by: ASIC, FCA, DFSA, VFSC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| EU-compliant access for Italian residents | Not directly licensed by Consob |
| MT4 enhancements and advanced tools | Limited product range compared to peers |
| Offers commission-free and Pro accounts | No proprietary platform |
| EUR accounts and multilingual support | Less known in Italy than major brands |
Our Insights
Axi provides Italian forex traders with secure access under EU regulation, a robust MT4 platform, and attractive trading conditions. Even though it lacks local licensing, its global credibility and localized support make it a worthy option.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
5. CMC Markets
CMC Markets operates legally in Italy through its EU-regulated entity under MiFID II, though Consob does not regulate it directly. Italian traders access CMC’s powerful trading platform, low spreads, and extensive CFD and forex markets.
 | Minimum Deposit: $0 Regulated by: BaFin, FCA, ASIC, MAS, FMA, IIROC, DFSA Crypto: Yes |
| Feature | Available to Italians | Details | Regulator |
| Forex Trading Access | Yes | EU access via MiFID II compliance | BaFin FCA |
| EUR Accounts | Yes | Available for Italian traders | N/A |
| Platform Options | Yes | Proprietary platform and mobile app | N/A |
| Italian Language Support | Yes | Available via EU support channels | N/A |
Frequently Asked Questions
Is CMC Markets regulated to operate in Italy?
Although CMC Markets does not hold a direct Consob license, it is authorized through its German and UK entities. Thanks to MiFID II passporting, CMC can serve Italian clients legally and provide EU-standard investor protection.
Can Italian forex traders open an account with CMC Markets?
As a result, Italian traders can access CMC Markets through its EU-authorized entity. They benefit from a professional-grade platform, EUR accounts, localized support, and exposure to thousands of CFDs and currency pairs.
| Minimum Deposit: $0 Regulated by: BaFin, FCA, ASIC, MAS, FMA, IIROC, DFSA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| MiFID II-compliant access for Italian traders | Not licensed directly by Consob |
| Advanced proprietary trading platform | No MT4 or MT5 support |
| Wide range of CFDs and forex pairs | May be complex for absolute beginners |
| EUR accounts and localized support | No local office in Italy |
Our Insights
Through EU licensing, CMC Markets offers Italian forex traders a powerful, regulated trading solution. Despite not being regulated by Consob, the broker provides wide asset access, competitive pricing, and an intuitive platform, making it a high-quality option.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
6. Plus500
Plus500’s CySEC-regulated EU entity fully authorizes it to operate in Italy, earning official recognition from Consob. Italian traders use their user-friendly platform, manage EUR accounts, and enjoy comprehensive regulatory protection.
 | Minimum Deposit: $100 Regulated by: FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC Crypto: Yes |
| Feature | Available to Italians | Details | Regulator |
| Forex Trading Access | Yes | Consob-registered, CySEC regulated | CySEC Consob |
| EUR Accounts | Yes | EUR base currency supported | N/A |
| Platform Options | Yes | Proprietary Plus500 WebTrader | N/A |
| Italian Language Support | Yes | Fully localized interface/support | N/A |
Frequently Asked Questions
Is Plus500 regulated to operate in Italy?
Similarly, Plus500 is authorized to offer trading services in Italy under CySEC regulation. It is also officially registered with Consob, allowing it to operate fully legally and offer investor protection under MiFID II standards.
Can Italian forex traders use Plus500 legally?
Absolutely. Italian residents can open accounts with Plus500’s EU-regulated branch. They receive access to EUR accounts, local language support, and a straightforward trading experience on a platform trusted across Europe.
| Minimum Deposit: $100 Regulated by: FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Fully licensed and registered with Consob | No MT4/MT5 or advanced platform support |
| Simple, intuitive trading platform | Limited tools for advanced traders |
| EUR accounts and Italian-language support | No phone-based customer service |
| Strong EU regulatory framework (MiFID II) | Focuses only on CFDs |
Our Insights
Plus500 stands out as a fully regulated and legally operating broker in Italy. In addition, with Consob recognition, beginner-friendly tools, and EU-level compliance, it’s a strong choice for Italian traders seeking a simple, secure CFD and forex experience.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐☆☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐☆☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐☆☆☆ |
Forex Trading Regulation and Legal Framework in Italy
Forex trading in Italy is strictly regulated by Consob under MiFID II and ESMA rules, ensuring transparency, investor protection, and fair trading conditions for all Italian traders.
Is Forex Trading Legal in Italy?
Yes. Forex trading is fully legal and monitored by Consob, which enforces compliance under MiFID II and ESMA standards.
How Consob Protects Italian Traders
Consob ensures all brokers operating in Italy – whether domestic or EU passported – meet strict requirements for client fund segregation, financial transparency, and fair trading practices.
What MiFID II Means for Italian Brokers
MiFID II allows brokers licensed in any EU member state to offer services in Italy through “passporting,” provided they meet ESMA’s investor protection rules and are registered with Consob.
7. FxPro
FxPro is not directly regulated by Italy’s Consob but operates legally in Italy through its CySEC license under MiFID II. Italian forex traders gain access to multiple platforms, EUR accounts, and a strong record of regulatory compliance.
| Feature | Available to Italians | Details | Regulator |
| Forex Trading Access | Yes | EU access under CySEC license (MiFID II) | CySEC |
| EUR Accounts | Yes | EUR-denominated accounts available | N/A |
| Platform Options | Yes | MT4, MT5, cTrader, FxPro Platform | N/A |
| Italian Language Support | Yes | Available through EU client services | N/A |
 | Minimum Deposit: $100 Regulated by: FCA, CySEC, ASIC Crypto: Yes |
Frequently Asked Questions
Is FxPro regulated to operate in Italy?
Yes, FxPro operates in Italy via its CySEC-regulated entity. Although it’s not directly licensed by Consob, MiFID II passporting allows it to legally offer trading services to Italian residents with full investor protections.
Can Italian traders open a forex account with FxPro?
Yes, Italian traders are welcome at FxPro through its EU operations. They can trade using MT4, MT5, cTrader, or FxPro’s platform, all with EUR-based accounts and localized support services.
| Minimum Deposit: $100 Regulated by: FCA, CySEC, ASIC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Regulated under MiFID II and legally in Italy | Not directly licensed by Consob |
| Multiple platforms including MT4, MT5, and cTrader | No local office in Italy |
| EUR base accounts for Italian traders | Slightly complex for absolute beginners |
| Wide asset selection across forex and CFDs | No proprietary analytics tools |
Our Insights
FxPro provides Italian traders with legally compliant access to multiple trading platforms and a wide asset selection. Although it lacks direct Consob licensing, its EU regulation, EUR accounts, and platform variety make it a compelling choice.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
8. AvaTrade
AvaTrade is fully authorized to operate in Italy through its Central Bank of Ireland license and is officially registered with Consob. Italian traders benefit from strong regulatory protection, EUR accounts, and a user-friendly platform ideal for all experience levels.
 | Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes |
| Feature | Details | Regulator | |
| Forex Trading Access | Yes | EU license Consob-registered | Central Bank of Ireland |
| EUR Accounts | Yes | Base currency options for Italians | N/A |
| Platform Options | Yes | MT4, MT5, AvaTradeGO | N/A |
| Italian Language Support | Yes | Full support and localized interface | N/A |
Frequently Asked Questions
Is AvaTrade regulated to operate in Italy?
Yes, AvaTrade is licensed by the Central Bank of Ireland and operates legally in Italy under MiFID II. It is also registered with Consob, offering Italian clients secure and compliant trading access within the EU framework.
Can Italian residents trade forex with AvaTrade?
Absolutely. Additionally, Italian forex traders can open accounts with AvaTrade and access EUR-denominated accounts, Italian-language support, and a full suite of trading tools, including MT4, MT5, and AvaTradeGO.
| Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Fully licensed and Consob-registered | No ECN or raw spread account |
| Offers MT4, MT5, and user-friendly mobile app | Limited advanced tools for pro traders |
| Strong educational resources and copy trading | Fixed spreads may not suit all styles |
| EUR accounts and Italian-language support | No local physical branch in Italy |
Our Insights
AvaTrade is a well-regulated and beginner-friendly forex broker for Italian traders. It’s full EU and Consob compliance, combined with intuitive platforms and educational tools, makes it a secure and accessible choice in the Italian market.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
9. XM
XM operates legally in Italy through its CySEC-regulated European entity and is registered with Consob. Italian traders benefit from MiFID II protections, EUR-denominated accounts, and access to user-friendly platforms like MT4 and MT5.
| Feature | Available to Italians | Details | Regulator |
| Forex Trading Access | Yes | CySEC-licensed Consob-registered | CySEC Consob |
| EUR Accounts | Yes | EUR-denominated trading supported | N/A |
| Platform Options | Yes | MT4, MT5, mobile platforms | N/A |
| Italian Language Support | Yes | Full language support and resources | N/A |
 | Minimum Deposit: $5 Regulated by: FSC Crypto: Yes |
Frequently Asked Questions
Is XM regulated to operate in Italy?
Yes, XM is authorized under CySEC and registered with Consob. Consequently, it can legally provide forex and CFD trading services in Italy, fully aligned with EU financial regulations and investor protection standards.
Can Italian forex traders open an account with XM?
Yes, Italian residents can register with XM’s EU entity and access EUR-based accounts, localized support, and multilingual platforms. Additionally, they benefit from negative balance protection and access to frequent educational webinars in Italian.
| Feature | Available to Italians | Details | Regulator |
| Forex Trading Access | Yes | CySEC-licensed Consob-registered | CySEC Consob |
| EUR Accounts | Yes | EUR-denominated trading supported | N/A |
| Platform Options | Yes | MT4, MT5, mobile platforms | N/A |
| Italian Language Support | Yes | Full language support and resources | N/A |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Consob-registered and CySEC-regulated | No ECN or cTrader platform |
| MT4 and MT5 platforms with multilingual support | Limited for high-frequency trading |
| EUR accounts and negative balance protection | No proprietary platform |
| Frequent Italian webinars and trading education | No physical presence in Italy |
Our Insights
XM is a trusted broker for Italian forex traders, offering legal access under EU law and Consob registration. In addition, its user-friendly platforms, Italian support, and low entry barriers make it ideal for beginners and intermediate traders in Italy.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐⭐ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
10. eToro
eToro’s CySEC-regulated EU entity holds full licenses to operate in Italy and is officially registered with Consob. Italian traders use EUR accounts, receive local language support, and benefit from eToro’s unique social and copy trading features.
 | Minimum Deposit: $200 Regulated by: FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN Crypto: Yes |
| Feature | Available to Italians | Details | Regulator |
| Forex Trading Access | Yes | CySEC-licensed, Consob-registered | CySEC Consob |
| EUR Accounts | Yes | EUR base currency supported | N/A |
| Platform Options | Yes | Proprietary platform with social tools | N/A |
| Italian Language Support | Yes | Fully localized platform and support | N/A |
Frequently Asked Questions
Is eToro regulated to provide trading services in Italy?
Yes, eToro operates legally in Italy under CySEC regulation and is registered with Consob. Consequently, Italian traders receive MiFID II protections, secure account access, and regulated financial service standards.
Can Italian residents open forex accounts with eToro?
Absolutely. Additionally, Italian traders can open EUR-based accounts, use the platform in Italian, and explore social trading tools such as CopyTrader and Smart Portfolios, all designed to simplify the trading experience.
| Minimum Deposit: $200 Regulated by: FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Fully registered with Consob and EU-regulated | No MT4, MT5, or cTrader platforms |
| Unique social and copy trading features | Wider spreads compared to ECN brokers |
| EUR accounts and strong Italian language support | Limited advanced charting tools |
| User-friendly mobile and desktop interface | Not ideal for scalpers or day traders |
Our Insights
eToro fully complies with regulations and welcomes beginner Italian traders. In addition, it registers with Consob, provides local support, and offers unique social trading features, which makes it an excellent choice for those seeking a simplified and community-driven trading environment.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐☆☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐☆☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐☆☆ |
How to Choose the Best Forex Broker in Italy
When selecting a forex broker as an Italian trader, consider the following factors:
- Regulation: Prefer brokers licensed by Consob or EU authorities (e.g., CySEC, FCA, BaFin).
- EUR Accounts: Ensure the broker offers Euro-denominated accounts to avoid conversion fees.
- Trading Platforms: Choose user-friendly and reliable platforms such as MT4, MT5, or cTrader.
- Spreads and Fees: Compare commissions, swap rates, and spread costs.
- Support in Italian: Opt for brokers providing local language support and education.
Tip: Always verify a broker’s registration on Consob’s official website before funding your account.
10 Best Forex Brokers in Italy – Trading Titans Clash
| Premium multi-asset platform EUR-denominated accounts MiFID II-compliant Ideal for high-net-worth Italian traders | | |
 | Compliant under ESMA rules EUR accounts Italian platform access Localized education | | |
| Offers EUR-denominated trading High trading volumes Strong global reputation MT4, MT5, and cTrader | | |
 | FCA/EU regulation Localized tools Free Autochartist Low minimum deposit | | |
 | EU-compliant Accessible under MiFID II Italian-language education Strong mobile trading app | | |
 | Wide asset coverage EUR-denominated accounts Fixed spreads Strong mobile app experience | | |
 | Localized support Strong European presence EUR trading accounts | | |
 | Serves Italian traders via EU entity Offers EUR accounts Local deposit options User-friendly | | |
 | Operates legally under EU rules Provides EUR accounts Italian educational material Negative balance protection | | |
 | World’s leading social trading platform Intuitive interface Operates under EU/CySEC license Localized content | | |
An Expanisive View
| Broker | Regulation | EUR Account | Platform | Ideal For |
 | MiFID II EU | Yes | SaxoTraderGO SaxoTraderPRO | Professionals high-volume traders |
| CySEC ESMA | Yes | MT4 MT5 cTrader | Low-cost fast execution trading |
| CySEC MiFID II | Yes | MT4 MT5 cTrader | Scalpers algo traders ECN users |
| FCA MiFID II | Yes | MT4 | Intermediate traders Pro accounts |
| FCA BaFin MiFID II | Yes | Next Generation | Active CFD traders |
| CySEC Consob | Yes | Plus500 WebTrader | Beginners seeking simplicity |
 | CySEC FCA MiFID II | Yes | MT4 MT5 cTrader FxPro Edge | Multi-platform traders |
| Central Bank of Ireland Consob | Yes | MT4 MT5 AvaTradeGO | Beginners mobile traders |
| CySEC Consob | Yes | MT4 MT5 | Beginners low deposit traders |
| CySEC Consob | Yes | eToro Web/App | Social copy trading enthusiasts |
What Real Italian Traders Want to Know!
Q: Is forex trading legal in Italy?
Q: Who regulates forex trading in Italy?
Q: Can I trade forex with international brokers from Italy?
Q: Do I need to pay taxes on forex trading in Italy?
Q: What is the best forex trading platform in Italy?
What You Should Know About Forex Trading in Italy (2025)
Forex trading in Italy operates within a tightly regulated European financial environment. The Commissione Nazionale per le Società e la Borsa (Consob) oversees all investment and trading activities, ensuring transparency and investor protection.
Under the MiFID II directive, Italian traders can legally access EU-regulated brokers, enjoy EUR-based accounts, and benefit from standardized negative balance protection.
Whether you’re a beginner or an experienced trader, understanding the legal, regulatory, and tax frameworks is essential before choosing a forex broker in Italy.
Forex Trading for Beginners in Italy
| Step | Key Point | Quick Tip |
| Understand the Market | Forex involves trading currency pairs like EUR/USD. | Learn how exchange rates fluctuate. |
| Learn the Basics | Use demo accounts to practice trading safely. | Build confidence before trading live. |
| Use Regulated Brokers | Stick with Consob or EU-licensed brokers. | Always verify regulation credentials. |
| Manage Risk | Control leverage and set stop-loss orders. | Never risk more than you can afford to lose. |
| Stay Informed | Follow reliable financial news and updates. | Use Italian or European trading sources. |
Pros and Cons of Forex Trading in Italy
| ✓ Pros | ✕ Cons |
| Regulated under MiFID II and Consob | Limited leverage (ESMA rules) |
| Access to many EU-licensed brokers | Some brokers lack direct Consob regulation |
| EUR-based accounts widely available | Tax reporting required for capital gains |
| Negative balance protection guaranteed | Limited local broker choices |
| Local language support and education | Platform choice can be overwhelming |
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- Saxo Review
- Pepperstone Review
- IC Markets Review
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- CMC Markets Review
- Plus500 Review
- FxPro Review
- AvaTrade Review
- XM Review
- eToro Review
In Conclusion
Forex trading in Italy operates legally, as EU-regulated brokers provide full access under Consob’s oversight. As a result, Italian traders can confidently explore global markets by choosing trustworthy brokers, using EUR-based accounts, and leveraging MiFID II protections, all while remaining informed about tax obligations and regulatory rules.
Faq
Yes. Forex trading is fully legal in Italy and regulated under the supervision of CONSOB and MiFID II rules, ensuring strong investor protection.
No license is required for individual traders. You just need to trade through a regulated broker authorized by CONSOB or another EU authority.
Most brokers allow you to start with as little as €100–€200, though beginners are advised to start small and focus on learning.
Yes. Forex profits are generally subject to capital gains tax, which must be declared when filing your annual tax return.
The most widely used trading platforms in Italy are MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and eToro’s social platform.
