5 Best Forex Brokers in Portugal
We’ve listed the 5 Best Forex Brokers in Portugal that offer safe and reliable access to global forex markets. Forex trading in Portugal is legal and regulated by the Comissão do Mercado de Valores Mobiliários (CMVM) 🇵🇹. Portuguese traders can access international markets through globally recognized brokers that comply with strict EU financial standards. These brokers provide tight spreads, fast execution, and multilingual support, ensuring a seamless trading experience. Traders in Portugal can open EUR-based accounts, trade forex, stocks, indices, commodities, and cryptocurrencies, and enjoy robust investor protection and secure trading conditions under leading European and global regulatory frameworks.
5 Best Forex Brokers in Portugal (2026)
- XTB – Overall, the Best Forex Broker in Portugal.
- Saxo Bank – Fully regulated EU bank offering premium trading and investing.
- IC Markets – 24/7 multilingual support catering to European traders.
- AvaTrade – User-friendly AvaTradeGO and WebTrader platforms.
- Interactive Brokers – Low trading fees and direct market access for professionals.
Top 10 Forex Brokers (Globally)
1. XTB
XTB operates as a globally trusted Forex and CFD broker, fully regulated by top-tier authorities including 🇵🇱 KNF and 🇨🇾 CySEC. Portuguese traders can legally access XTB under strict EU financial standards, offering secure trading, advanced platforms, and strong investor protection.
| Feature | Details |
| Regulatory Status | Authorized under 🇪🇺 EU and 🇨🇾 CySEC oversight |
| Accessibility | Accepts traders from 🇵🇹 Portugal |
| Local Advantage | EU compliance ensures safe and transparent trading |
| Platform | xStation 5 – fast, intuitive, and modern |
| Currency Support | EUR-based accounts available |
| Investor Safety | Negative balance protection and client fund segregation |
 | Minimum Deposit: $0 Regulated by: FCA, KNF, IFSC, CySEC Crypto: Yes |
Frequently Asked Questions
Is XTB regulated to operate for traders in Portugal?
Yes, XTB operates legally within Portugal under 🇨🇾 CySEC regulation and 🇵🇱 KNF supervision. As an EU-compliant broker, it provides Portuguese traders with secure access to global forex and CFD markets, ensuring full investor protection and transparent trading conditions.
Can Portuguese traders open and fund accounts with XTB?
Yes, Portuguese traders can easily open EUR-based trading accounts with XTB. The broker provides seamless deposits, no withdrawal fees, and access to major instruments, including forex, indices, commodities, and stocks, through its xStation 5 platform.
| Minimum Deposit: $0 Regulated by: FCA, KNF, IFSC, CySEC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Fully EU regulated | No crypto deposits |
| Low spreads from 0.1 pips | Limited account types |
| EUR-based accounts supported | No fixed spread option |
| Fast xStation 5 platform | Overnight swap fees apply |
| Free withdrawals | No VPS hosting option |
Our Insights
XTB delivers a trusted and transparent trading experience for Portuguese traders. Its EU regulation, tight spreads, and modern trading tools create a safe and professional environment for both beginners and experienced investors seeking reliable market access.
| # | 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. Saxo Bank
Saxo Bank operates under strong EU banking and brokerage licences and accepts traders from Portugal. Portuguese investors gain access to global markets, institutional-grade trading tools, and robust investor protection through EU regulatory standards and secure oversight.
| Feature | Details |
| Regulation | Licensed under 🇩🇰 Danish FSA and EU oversight |
| Accepts Portuguese Traders | Yes, fully available to 🇵🇹 Portugal |
| Local Partnership | Collaborates with Portuguese banking partners |
| Product Range | Forex, stocks, bonds, options, and futures |
| Market Standing | Tier-1 banking licence and strong EU compliance |
 | Minimum Deposit: $0 Regulated by: FSA, FCA Crypto: Yes |
Frequently Asked Questions
Is Saxo Bank fully regulated to operate for traders in Portugal?
Yes. Saxo Bank operates under the 🇩🇰 Danish FSA licence and complies with EU MiFID regulations. Portuguese traders enjoy legal access to Saxo Bank services, benefiting from strict investor protection and secure fund management standards.
Can Portuguese traders open a trading account with Saxo Bank?
Yes. Saxo Bank welcomes Portuguese traders. They can open accounts, fund them in EUR, and access a wide range of assets, including forex, stocks, and derivatives, supported by advanced trading platforms and local banking options.
| Minimum Deposit: $0 Regulated by: FSA, FCA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Tier-1 EU regulation | Higher minimum deposit |
| Accepts Portuguese traders | Complex for beginners |
| Wide market range | Limited crypto options |
| Professional-grade tools | No fixed spreads |
| Strong investor protection | Premium fee structure |
Our Insights
Saxo Bank provides Portuguese traders with premium access to global markets through EU-regulated structures. Its institutional-grade tools, banking stability, and transparent conditions make it a trusted choice for professional and serious retail traders across Portugal.
| # | 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 | ⭐⭐⭐⭐⭐ |
3. IC Markets
IC Markets operates under the licence of 🇨🇾 Cyprus Securities and Exchange Commission (CySEC) and welcomes clients across the European Union. Portuguese traders can open accounts under EU regulation for secure access to forex and CFD markets, with strong investor protection and reliable execution.
| Feature | Details |
| Regulation | Licensed in the EU under 🇨🇾 CySEC |
| Accepts Portuguese Traders | Yes, traders from 🇵🇹 Portugal are accepted |
| Account Currency | EUR-based accounts available |
| Standout Trading Features | Low spreads ECN access |
| Investor Protection | Client funds segregated under EU rules |
 | Minimum Deposit: $200 Regulated by: FSA Crypto: Yes |
Frequently Asked Questions
Is IC Markets fully regulated to serve traders in Portugal?
Yes. IC Markets EU Ltd holds a valid 🇨🇾 CySEC licence and complies with EU investor protection standards. Portuguese clients trade securely with access to fund segregation, transparent execution, and EU-style client safeguards.
Can a trader living in Portugal open an account with IC Markets and trade forex?
Yes. Residents of Portugal can open live accounts in EUR or other supported currencies. They gain access to IC Markets’ platforms, fast execution, and a broad range of instruments, including forex, indices, commodities, and crypto‑CFDs.
| Minimum Deposit: $200 Regulated by: FSA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| EU regulatory oversight under 🇨🇾 CySEC | Leverage limited for retail EU accounts (1:30) |
| Very tight spreads for active traders | Advanced features may require experience |
| Multiple platforms (MT4, MT5, cTrader) | Fewer promotions or bonuses |
| Fully available to Portugal clients | Some advanced tools carry extra cost |
| Transparent fund handling | Non-EU conditions differ for non-EU clients |
Our Insights
IC Markets provides Portuguese traders with an EU-regulated, secure, and high-performance trading environment. Its CySEC oversight, ECN-style pricing, and full accessibility for Portugal-based clients make it a strong choice for both beginner and professional traders.
| # | 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 Forex Brokers in Portugal – Compared
| Broker |  |  |  |
| Minimum Deposit | Varies by account type | Varies by account type | 200 USD |
| Fund Withdrawal Fee | None | May vary by method | Generally no fee |
| Spreads From | From 0.1 pips | From 0.4 pips | From 0.0 pips |
| Commissions | Variable | Variable | Variable |
| Swap Fees | Yes | Varies by instrument | Yes |
| Leverage | Up to 1:500 | Up to 1:200 | Up to 1:500 |
| Regulation | 🇬🇧 FCA 🇵🇱 KNF 🇧🇿 IFSC 🇨🇾 CySEC | 🇸🇨 FSA 🇬🇧 FCA | 🇸🇨 FSA (Seychelles) |
| Open an Account |  | | |
4. AvaTrade
AvaTrade holds a valid licence from the 🇮🇪 Central Bank of Ireland and operates under EU MiFID rules. Portugal is among its supported countries, allowing Portuguese traders to access secure, regulated trading with strong investor protection and reliable execution.
| Feature | Details |
| Regulation | Licensed by 🇮🇪 Central Bank of Ireland and 🇨🇾 CySEC |
| Accepts Portuguese Traders | Yes, Portuguese residents may open accounts |
| Account Currency Options | EUR-based account support |
| Trading Instruments | Forex, CFDs, commodities, indices, options |
| Investor Protection | EU regulation ensures standard investor protection |
 | Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes |
Frequently Asked Questions
Is AvaTrade fully regulated for serving traders in Portugal?
Yes. AvaTrade operates a European regulated entity under the 🇮🇪 Irish regulator and complies with EU MiFID rules. Portuguese traders access this regulated entity for secure trading with standard investor safeguards and fund segregation.
Can a trader living in Portugal open an account with AvaTrade and trade forex?
Yes. Portuguese traders may open a live account with AvaTrade, trade forex and other instruments, and benefit from multilingual support and EU-compliant service provisions.
| Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong EU regulatory oversight | Leverage for EU retail clients is limited |
| Accepts Portuguese traders and EUR-based accounts | Spreads may be higher than ECN-style brokers |
| Wide variety of trading instruments | Advanced features may carry extra cost |
| Multilingual support including Portuguese | Less optimal for very small-scale scalping |
| Tools and platforms suit different trader levels | Managed account offerings are limited |
Our Insights
AvaTrade offers Portuguese traders a secure, EU-regulated gateway into forex and CFD markets. Its broad instrument range, strong regulatory credentials, and dedicated support for Portugal make it a reliable choice for professional and beginner traders alike.
| # | 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. Interactive Brokers
Interactive Brokers (IBKR) holds multiple tier-one licences and provides cross-border services to clients in Portugal. Portuguese residents can open accounts and trade under EU-regulated entities, ensuring strong oversight, investor protection, and secure access to global markets.
| Feature | Details |
| Regulation | Licensed under major EU regulators |
| Accepts Portuguese Traders | Yes, residents of 🇵🇹 Portugal may open accounts |
| EUR-Based Accounts | Supported for Portugal clients |
| Asset Coverage | Forex, stocks, options, futures, global markets |
| Platform Strength | Advanced trading tools for sophisticated users |
 | Minimum Deposit: $0 Regulated by: SEC, FINRA, FCA, ASIC Crypto: No |
Frequently Asked Questions
Is Interactive Brokers fully regulated to serve traders in Portugal?
Yes. Interactive Brokers operates through an EU-licensed entity that accepts Portuguese clients. It meets high regulatory standards, ensures investor protection, and provides secure trading access for EU residents.
Can you open and fund an account with Interactive Brokers if you live in Portugal?
Yes. Residents of Portugal can register with Interactive Brokers and open live trading accounts with access to forex and multiple asset classes. Accounts support EUR deposits and comply with EU regulations.
| Minimum Deposit: $0 Regulated by: SEC, FINRA, FCA, ASIC Crypto: No |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Broad asset class coverage | Platform complexity may overwhelm beginners |
| Access for Portugal clients | Higher learning curve for new traders |
| Advanced trading tools and APIs | Low-balance accounts may incur inactivity fees |
| Strong regulatory framework | Forex features may be less tailored vs niche brokers |
| Supports EUR deposits and global markets | Limited bonus or promotion offerings |
Our Insights
Interactive Brokers offers Portuguese traders a sophisticated, globally integrated trading environment. Its strong regulation, wide asset access, and EU availability make it an ideal choice for experienced traders seeking advanced tools and secure market access.
| # | 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 Best Forex in Portugal – Head to Head
| Regulated by CMVM 🇵🇹 and top-tier EU authorities for strong investor protection. | |  |
| Fully regulated EU bank offering premium trading and investing solutions. | | |
| Global reputation for reliability and competitive trading conditions. | | |
 | Free risk management features like AvaProtect for position security. | | |
 | Highly trusted, NASDAQ listed global broker with EU regulation. | | |
Forex Trading in Portugal – Overview
Forex trading in Portugal is legal and regulated by the 🇵🇹 Comissão do Mercado de Valores Mobiliários (CMVM). Traders can access global forex markets through EU-regulated brokers. Portuguese investors benefit from strict financial rules, investor protection, and transparent trading conditions. Popular instruments include major currency pairs, commodities, indices, and CFDs.
Pros and Cons of Forex Trading in Portugal
| ✓ Pros | ✕ Cons |
| Legal and regulated market | Leverage is limited by EU rules |
| Access to global brokers | Fewer local brokers than other countries |
| Strong investor protection | Some platforms may charge high fees |
| Transparent trading conditions | Beginner traders may face complexity |
| Wide variety of instruments | Limited promotions or bonuses |
You might also like:
In Conclusion
Forex trading in Portugal offers a secure and professional environment for both beginners and experienced traders. With EU regulation, accessible platforms, and robust investor protections, Portuguese traders can participate in global markets confidently while managing risk effectively.
Faq
Yes. Forex trading is legal and regulated by the 🇵🇹 CMVM under EU financial rules.
Yes. EU-regulated brokers and select global brokers accept clients from Portugal.
Yes. Client funds are segregated, and brokers comply with investor protection standards.
The EUR, USD, GBP, and major cross-pairs are most popular among Portuguese traders.
Yes. ESMA regulations limit leverage for retail EU traders, typically up to 1:30 for major pairs.
