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6 Best Forex Brokers in Italy

Last Update: June 26th, 2024

Best Forex Brokers in Italy

 

The 6 best Forex brokers in Italy revealed. We have explored and tested several prominent brokers to identify the 6 best. 

In this in-depth guide you’ll learn: 

  • What is a Forex broker in Italy?
  • Who is the Best Suited Broker for Beginner Italian Traders?
  • Is Forex trading legal in Italy? 
  • What taxes do Italian Forex traders need to pay? 
  • Popular FAQs about the best Forex brokers in Italy 
  • Which organizations regulate the forex market in Italy?

 

And lots more… 

So, if you’re ready to go “all in” with the 6 best Forex brokers in Italy 

Let’s dive right in… 

 

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 ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit 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 >>

 

What is a Forex broker in Italy? 

A Forex broker in Italy facilitates currency trading for Italian traders, offering access to global markets and currency pairs. They provide trading platforms, educational resources, and analysis tools tailored to Italian traders’ needs.

 

With multilingual support and regulatory compliance, they enable Italian traders to participate confidently and efficiently in the foreign exchange market. 

 

Best Forex Brokers in Italy – Comparison

👥 Brokers👉 Open Account💰 Minimum Deposit⚖️ Regulators📈 Minimum Spread
1. HFMOpen AccountNo minimum deposit requirementFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA, CONSOBFrom 0.0 pips
2. AvaTradeOpen AccountEUR 92.39 or $100Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA From 0.0 pips
3. TickmillOpen AccountEUR 4.62 or $5Seychelles FSA, FCA, CySEC, Labuan FSA, FSCAFrom 0.0 pips
4. PepperstoneOpen AccountEquivalent to AU$200ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCBFrom 0.0 pips
5. FP MarketsOpen AccountEUR 92.39 or $100ASIC, CySEC, FSCA, FSA, FSCFrom 0.0 pips
6. eToroOpen AccountEUR46.19 or $50CySEC, FCAFrom 0.9 pips

 

6 Best Forex Brokers in Italy (2024*)

  1. ✔️HFM – Overall Best Forex Broker in Italy
  2. ✔️AvaTrade – Best Forex Broker for Beginner Italian Traders
  3. ✔️Tickmill – Authorized By Several Reputable Market Regulators
  4. ✔️Pepperstone – Offers a Wide selection of instruments
  5. ✔️FP Markets – Best Nasdaq 100 Forex Broker
  6. ✔️eToro – Provides Educational Resources for Italians

 

1. HFM 

HFM is a leading Forex broker catering to traders in Italy, renowned for its comprehensive services and user-friendly platforms. Their customer support team offers multilingual assistance, ensuring Italian traders receive prompt and effective help whenever needed.  

 

The innovative copy trading software, HFCopy, allows users to replicate the strategies of successful traders, empowering them to make informed decisions and potentially increase profitability. 

 

HFM - Forex Brokers in Italy

 

With a diverse asset selection including currency pairs, commodities, indices, and cryptocurrencies, Italian traders have ample opportunities to diversify their portfolios.  

 

HFM offers flexible leverage options, allowing traders to amplify their positions within their risk tolerance.  

 

Competitive spreads ensure cost-effective trading, maximizing potential returns. Overall, HFM provides Italian traders with a reliable, feature-rich platform backed by excellent customer support, empowering them to navigate the Forex market with confidence and efficiency. 

 

Unique Features

📝 RegulationFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA, CONSOB
✴️ CONSOB regulation?Yes
📱 Social Media PlatformsFacebook, Twitter, Telegram, Instagram, YouTube, LinkedIn
🔎 Trading AccountsMicro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto Account
💻 Trading PlatformsMetaTrader 4 and MetaTrader 5
💸 Minimum DepositNo minimum deposit requirement
🔁 Trading AssetsForex, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs
🚀 EUR-based Account?Yes
💳 EUR Deposits Allowed?Yes
💰 Bonuses for traders?Yes
📊 Minimum spreadFrom 0.0 pips
✔️ Demo AccountYes
✔️ Islamic AccountYes
🎖 Open an AccountOpen Account

 

Pros and Cons

✔️ Pros❌ Cons
HFM provides a variety of trading platforms, including MetaTrader 4 and MetaTrader 5, to accommodate various trading styles and strategies.Compared to other brokers, HFM might provide fewer resources and research tools, which would make it more difficult for traders to do in-depth market studies.
By offering favourable spreads across a variety of asset classes, HFM improves trading efficiency and may lower trading costs.Certain traders may encounter delays or other problems while contacting customer service, particularly during peak trading hours.
Because HFM provides a wide variety of assets, traders may effortlessly diversify their portfolios. These assets consist of cryptocurrency, indexes, commodities, and FX.HFM has the authority to impose withdrawal fees for specific withdrawal methods, which would raise the total cost of trading for traders.
A safe and secure trading environment is ensured for traders by the FCA and CySEC, among other respectable organizations that oversee HFM.Some traders might find it challenging to understand HFM's pricing schedule given the variety of account and service alternatives the company provides.
HFM provides a variety of instructional products and tools, including webinars, seminars, and tutorials, to help traders on their learning path.HFM may offer fewer bonuses and promotional offers than some other brokers for traders looking for extra motivation.

 

Trust Score

HFM has a trust score of 85% 

 

2. AvaTrade 

AvaTrade stands out among Forex brokers for Italian traders with its extensive industry reputation, spanning over a decade. Renowned for reliability and trustworthiness, AvaTrade offers Italian traders access to a wealth of educational resources, including webinars, tutorials, and market analysis, catering to traders of all levels. 

 

The AvaTradeGO mobile app provides convenient access to trading on the go, with intuitive features and real-time market updates, enhancing flexibility for Italian traders.  

 

AvaTrade - Forex Brokers in Italy

 

AvaProtect, a unique risk management tool, also allows traders to protect their positions from potential losses for a defined period, providing peace of mind in volatile markets. 

 

Overall, AvaTrade’s long-standing reputation, comprehensive educational offerings, innovative mobile app, and risk management tools make it a preferred choice for Italian traders seeking a reliable and user-friendly platform to navigate the Forex market effectively. 

 

Unique Features

📝 RegulationCentral Bank of Italy (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA
✴️ CONSOB regulation?Yes
📱 Social Media PlatformsInstagram, Facebook, Twitter, YouTube
🔎 Trading AccountsRetail Account, Professional Account
💻 Trading PlatformsAvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade
💸 Minimum DepositEUR 92.39 or $100
🔁 Trading AssetsForex, Stocks, Commodities, Cryptocurrencies, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Contracts for Difference (CFDs), Precious Metals
🚀 EUR-based Account?Yes
💳 EUR Deposits Allowed?Yes
💰 Bonuses for traders?Yes
📊 Minimum spreadFrom 0.0 pips
✔️ Demo AccountYes
✔️ Islamic AccountYes
🎖 Open an AccountOpen Account

 

Pros and Cons

✔️ Pros❌ Cons
With its wide range of trading products, which include FX pairings, equities, commodities, indices, and cryptocurrencies, AvaTrade helps its clients build diverse investment portfolios.AvaTrade may offer larger spreads than other brokers, which could result in higher trading costs—especially for active traders.
The combination of ZuluTrade and AvaTrade simplifies social trading by enabling users to analyze and replicate the tactics of profitable traders.Some traders might not be able to conduct in-depth market research due to the platform's potential limitations in terms of research and analytical tools.
AvaProtect provides enhanced technical analysis and charting, while AvaSocial and AvaTradeGo expedite social and mobile trading in conjunction with that.Learning how to make use of all the features and chances available on the platform may prove to be difficult for novice traders.
To give its customers a trustworthy and safe trading environment, AvaTrade complies with rules established by regulatory bodies.
To increase traders' comprehension, AvaTrade provides a wide array of instructional resources, including webinars, seminars, and market research.

Trust Score

AvaTrade has a high trust score of 96% 

 

3. Tickmill 

Tickmill is an excellent choice for active traders in Italy due to its robust platform features and competitive offerings. With tight spreads, low commissions, and fast execution speeds, Tickmill ensures cost-effective trading for Italian traders.  

 

Tickmill’s advanced trading tools, including technical analysis indicators and customizable charting capabilities, empower active traders to make informed decisions and execute strategies efficiently. 

 

The broker also provides access to a wide range of financial instruments, including Forex, commodities, indices, and cryptocurrencies, enabling Italian traders to diversify their portfolios according to their preferences and risk appetite.  

 

Tickmill - Best Forex in Italy

 

Tickmill’s responsive customer support team offers assistance in multiple languages, ensuring Italian traders receive prompt help whenever needed. 

 

Overall, Tickmill’s combination of competitive pricing, advanced trading tools, diverse asset selection, and reliable customer support make it an ideal choice for active traders in Italy looking for a comprehensive and efficient trading experience. 

 

Unique Features

📝 RegulationSeychelles FSA, FCA, CySEC, Labuan FSA, FSCA
✴️ CONSOB Regulation?No
📱 Social Media PlatformsFacebook, Twitter, LinkedIn, YouTube, Instagram, Telegram
🔎 Trading AccountsPro Account, Classic Account, VIP Account
💻 Trading PlatformsMetaTrader 4, MetaTrader 5
💸 Minimum DepositEUR 4.62 or $5
🔁 Trading AssetsForex, Stock Indices, Energies, Precious Metals, Bonds, Cryptocurrencies
🚀 USD-based Account?Yes
💳 USD Deposits Allowed?Yes
💰 Bonuses for traders?Yes
📊 Minimum spreadFrom 0.0 pips
✔️ Demo AccountYes
✔️ Islamic AccountYes
🎖 Open an AccountOpen Account

 

Pros and Cons

✔️ Pros❌ Cons
Tickmill can execute transactions at a lower cost because it has a reputation for offering investors some of the lowest margins in the market.Compared to some other brokers, Tickmill might only offer a small range of learning materials, which could impede novice traders' ability to advance in their education.
Owing to its rapid execution rates, Tickmill ensures orders are processed quickly and reduces the possibility of slippage.Potential vendors may encounter challenges in specific regions when attempting to reach Tickmill.
To increase trading opportunities through diversification, Tickmill offers a large assortment of non-forex financial assets, including bonds, indices, and commodities.Certain features of the Tickmill platform may not be available to those who are interested in social trading or duplicate trading tactics.
Tickmill upholds the principle of transparent pricing to promote confidence and trust among traders, devoid of any additional or hidden charges.The limited number of customer care languages available compared to other brokerages may present a challenge for traders who require assistance in languages other than English.
Tickmill enhances its clients' trading experience by putting in place cutting-edge trading technologies and infrastructure.While Tickmill does have some basic research skills, traders may find it difficult to conduct in-depth analysis due to the limited availability of sophisticated research resources compared to some competitors.

 

Trust Score

Tickmill has a trust score of 82% 

 

4. Pepperstone 

Pepperstone is an attractive option for beginner traders in Italy due to its user-friendly platform and comprehensive educational resources.  

 

The intuitive interface and straightforward navigation make it easy for newcomers to understand and navigate the trading environment effectively.  

 

Pepperstone offers a range of educational materials, including tutorials, webinars, and market analysis, specifically tailored to assist beginner traders in understanding market dynamics and developing trading strategies. 

 

Pepperstone

 

Pepperstone provides a demo account option, allowing Italian beginners to practice trading with virtual funds before risking real capital. This feature helps build confidence and familiarity with the platform and trading concepts without the pressure of potential losses.  

 

Additionally, Pepperstone’s responsive customer support team offers assistance and guidance to novice traders, ensuring they have the necessary support as they embark on their trading journey.  

 

Overall, Pepperstone’s user-friendly platform, educational resources, and supportive environment make it an excellent option for beginner traders in Italy. 

 

Unique Features

📝 RegulationASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
✴️ CONSOB regulation?No
📱 Social Media PlatformsLinkedIn, Twitter, Facebook, YouTube
🔎 Trading AccountsCysec ✔️Yes
🔎 Trading AccountsStandard Account, Razor Account, Professional Account, Demo Account, Islamic Account
💻 Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, Duplitrade
💸 Minimum DepositEquivalent to AU$200
🔁 Trading AssetsForex, Indices, Shares, Commodities, Cryptocurrencies, Futures, Options
🚀 USD-based Account?✔️Yes
💳 USD Deposits Allowed?✔️Yes
💰 Bonuses for traders?No
📊 Minimum spreadFrom 0.0 pips
✔️ Demo Account✔️Yes
✔️ Islamic Account✔️ Yes
🎖 Open an AccountOpen Account

 

Pros and Cons      

✔️ Pros❌ Cons
Pepperstone gives plenty of options for diversification by offering a large range of trading products, such as CFDs, indices, cryptocurrencies, commodities, and FX.Because Pepperstone does not provide guaranteed stop-loss orders, traders needing this risk management tool may be at risk, especially in market volatility.
With its competitive spreads and affordable trading fees, Pepperstone enables traders to reduce their expenses and perhaps increase their overall profit margin.Even though Pepperstone offers a wide range of deposit and withdrawal options, some traders may find the selection to be less than that of other brokers, which could cause inconvenience.
Pepperstone's lightning-fast execution speeds guarantee that deals are carried out on time, even in the midst of extremely volatile markets.For traders who value the stability of fixed spreads, particularly in periods of market turbulence, Pepperstone's lack of fixed spread accounts may be a drawback.
With a full range of tools for technical analysis, charting, and automated trading, Pepperstone offers access to cutting-edge trading platforms like MetaTrader 4 (MT4) and cTrader.Since Pepperstone concentrates more on trading platforms and execution services than it does on comprehensive research and analysis resources, some traders may feel that Pepperstone's research capabilities are insufficient.
Because Pepperstone is governed by respectable financial agencies like the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC), traders can feel safe and secure using the platform.

 

Trust Score

Pepperstone has a high trust score of 92%  

 

5. FP Markets 

FP Markets is an appealing choice for ECN traders in Italy due to its competitive pricing, lightning-fast execution speeds, and deep liquidity.  

 

As an Electronic Communication Network (ECN) broker, FP Markets provides direct access to interbank liquidity, ensuring tight spreads and minimal slippage for Italian traders. This feature is particularly advantageous for ECN traders who prioritize low costs and fast order execution. 

 

FP Markets 

 

FP Markets offers a range of advanced trading tools, including various technical indicators and charting capabilities, allowing ECN traders to conduct in-depth market analysis and execute complex trading strategies with precision.  

 

Their robust infrastructure and reliable trading platform ensure uninterrupted access to the market, even during periods of high volatility. 

 

Overall, FP Markets’ combination of competitive pricing, advanced trading tools, and reliable execution make it a compelling choice for ECN traders in Italy seeking optimal trading conditions and efficiency in their trading activities. 

 

Unique Features

📝 RegulationASIC, CySEC, FSCA, FSA, FSC
✴️ CONSOB Regulation?No
📱 Social Media PlatformsLinkedIn, Twitter, Facebook, YouTube
🔎 Trading AccountsMT4/5 Standard Account, an MT4/5 Raw Account, an MT4/5 Islamic Standard Account, and an MT 4/5 Islamic Raw Account
💻 Trading PlatformsMetaTrader 4, MetaTrader 5, IRESS, cTrader, FP Markets App
💸 Minimum DepositEUR 92.39 or $100
🔁 Trading AssetsForex, Shares, Metals, Commodities, Indices, Cryptocurrencies, Bonds, ETFs
🚀 EUR-based Account? Yes
💳 EUR Deposits Allowed?Yes
💰 Bonuses for traders?No
📊 Minimum spreadFrom 0.0 pips
✔️ Demo AccountYes
✔️ Islamic AccountYes
🎖 Open an AccountOpen Account

 

Pros and Cons

✔️ Pros❌ Cons
FP Markets offers traders access to state-of-the-art technology infrastructure.There might not be as much support for all local payment methods due to FP Markets' global reach.
The committed and knowledgeable staff at FP Markets offers traders complete customer support.While FP Markets offers a wide range of products, some traders could be more focused on local or niche markets.
FP Markets is licensed by international regulatory bodies such as the FSA, FSC, ASIC, FSCA, and CySEC and is one option available to traders.Withdrawal fees are computed by FP Markets for a variety of payment methods.
The extensive library of educational resources offered by FP Markets might help you become a better trader.
To meet the needs and interests of traders, FP Markets offers a variety of account types.
Trading platforms with strong analytical and charting capabilities include MetaTrader 4, cTrader, IRESS, and MetaTrader 5.
A wide range of global market networks are provided by FP Markets, enabling traders to modify their trading strategies for a variety of asset classes.
FP Markets is still providing minimum commission policies and competitive spreads.

 

Trust Score

FP Markets has a high trust score of 87%  

 

6. eToro 

eToro offers Italian traders a unique blend of social trading, user-friendly platforms, and diverse asset selection. With its innovative social trading platform, eToro allows users to engage with a community of traders, share insights, and even replicate the trading strategies of top performers. 

 

Italian traders on eToro also benefit from a wide range of financial instruments, including stocks, cryptocurrencies, commodities, and more, providing ample opportunities for portfolio diversification. 

 

eToro

 

 

 

The user-friendly interface and intuitive trading platform make eToro accessible to traders of all levels of experience, including beginners.  

 

The broker offers educational resources and tools to help Italian traders enhance their trading skills and stay informed about market developments. 

 

Overall, eToro’s main features, including social trading, diverse asset selection, user-friendly platform, and educational resources, make it an attractive option for Italian traders looking to engage in the financial markets efficiently and effectively. 

 

Unique Features

📝 RegulationCySEC, FCA
✴️ CONSOB RegulationNo
📱 Social Media PlatformsFacebook, Twitter, LinkedIn, YouTube, Instagram, Telegram
🔎 Trading AccountsPersonal Account, Professional Account, Corporate Account, Islamic Account
💻 Trading PlatformseToro proprietary platform
💸 Minimum DepositEUR46.19 or $50
🔁 Trading AssetsStocks, Indices, ETFs, Currencies, Commodities, Cryptoassets
🚀 USD-based Account?Yes
💳 USD Deposits Allowed?Yes
💰 Bonuses for traders?Yes
📊 Minimum spreadFrom 0.9 pips
✔️ Demo AccountYes
✔️ Islamic AccountYes
🎖 Open an AccountOpen Account

 

Pros and Cons  

✔️ Pros❌ Cons
Through eToro's cutting-edge social trading platform, users can engage with and emulate the decisions made by successful investors, which improves learning and trading performance.Because eToro has somewhat fewer research resources than other platforms, it may be more challenging for traders to conduct in-depth analyses.
On eToro, a wide range of assets are offered, including stocks, cryptocurrencies, commodities, and FX pairings.Despite the low spreads that eToro provides, traders may have to pay a little bit more because the spreads are a little bit greater than what other brokers give.
eToro's fundamental simplicity of use makes it appropriate for traders of all skill levels, including beginners.The limited scope of eToro's charting features compared to other brokers limits traders' capacity to conduct technical analysis.
One aspect of eToro is CopyPortfolios, which are expert-maintained diversified investment portfolios that allow traders to invest in several assets with a single click.Because of eToro's low withdrawal fees and limits, trading may be difficult.

 

Trust Score

eToro has a trust score of 90%  

 

Best Forex Brokers in Italy

 

Conclusion

Overall, choosing the ideal Forex broker for traders in Italy necessitates a thorough evaluation of regulatory adherence, trading terms, platform functionality, and support services. By meticulously considering these aspects, Italian traders can effectively tailor their choices to match their specific trading requirements and preferences. 

FAQs

Yes, Forex trading is legal in Italy. It is regulated by the Italian financial regulatory authority, CONSOB (Commissione Nazionale per le Società e la Borsa). 

Italian Forex traders commonly trade major currency pairs like EUR/USD, GBP/USD, USD/JPY, and EUR/GBP due to their liquidity and volatility. 

Forex markets operate 24 hours a day, five days a week. In Italy, the trading day typically starts at 8:00 AM CET when the European session begins and ends at 4:00 PM CET.

Italian Forex traders are subject to capital gains tax on their trading profits. The tax rate varies depending on the amount of profit earned and other personal income factors. 

Yes, many brokers offer accounts with low minimum deposit requirements, allowing Italian traders to start Forex trading with a small investment. 

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