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Forex Brokers in Ireland

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In Ireland, brokers are regulated by the Central Bank of Ireland (CBI). The institution periodically updates the list with all financial organizations that work legally in the nation, so anybody can access CBI's site to check its administrative status The Central Bank of Ireland has presented a few measures throughout the years intended to ensure retail dealers.

CBI has strict regulations for forex brokers. The requirements of negative balance protections and leverages are applied, following the guidelines from the European Securities and Markets Authority (ESMA). To be noted, many forex brokers in Ireland are not approved by the CBI and holds licenses from other EU regulators.


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Score Broker Country Regulation Min Deposit Max Leverage
684
AvaTrade
AvaTrade
Ireland
Central Bank of Ireland
$100
1 : 400
232
Interactive Brokers
Interactive Brokers
Ireland
Central Bank of Ireland
$10000
1 : 100

If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.



FAQ

Finding the best forex broker in Ireland is not much different from choosing the right broker in general. Aside from making sure that the forex broker is available for client registration from Ireland, you need to check its regulation, minimum deposit, spread, leverage, payment methods, and other trading-related aspects that may affect your strategy. Furthermore, make sure that the broker has a good credibility and reliable customer support.


The list in this page can be a good reference if you look to trade with in Ireland. We have sorted specific forex brokers that accept clients from Ireland, so you can choose one of the brokers by comparing their minimum deposit, regulation, leverage, and rating. If you are interested to learn further about a certain broker, feel free to click the review button.


If you are a beginner and looking for the right broker to trade forex in Ireland, some aspects that you need to pay attention to are the low minimum deposit, demo account, and educational features. Apart from that, it's also better to make sure that the broker has good customer service because as a beginner, you may need to consult about broker services that still seem incomprehensible to you.

Additional FAQ

When anything is described as "subject to change," there is a potential that you may incur more losses in terms of money, time, and effort.

  • Your brokerage company may execute trades with a different model than what they are supposed to. 
  • The platform changes. You are used to using MT4. All of sudden, you have no choice but to move to MT5. 
  • The stop-out level is increased. A higher stop-out level will cause you greater loss as it will let your losing position run its course until you have nothing left in the account.
  • Changes in spread and/or commission. Anything related to trading costs should be a sensitive matter as it influences one's profitability in the long run. 
  • Leverages are lowered for no reason. This limitation may result in higher margin requirements and thus inflict on any trader who are used to trade with high leverage. 
  • Your pair leaves you. 
  • Obvious stop hunts. This often happens in market maker brokers who trade against the traders. In this case, you will find your stop losses getting executed just before the price moves in your favor. 

Continue Reading at Broker Red Flags: Signs You Should Leave Your Broker

A novice-friendly broker ought to have at the very least these seven (7) characteristics:

  1. Official licenses from the country in which the broker operates.
  2. Handy trading platform for mobile and desktop.
  3. Cheap fees.
  4. Excellent client services.
  5. Low deposit requirement and easy withdrawal processes.
  6. Straightforward registration processes.
  7. Superb educational resources.

Continue Reading at Is OANDA a Good Broker for Beginners?

All brokers that operate in the UAE must be regulated and obtain a license either from the SCA, Central Bank, or other regulatory authorities. They should also comply with Sharia law, which means that certain operational requirements must be fulfilled.

In addition, any non-resident international entity or forex broker that wishes to offer its service within the Emirates should have a local or domestic representative in the country, either in the mainland or in any financial zone. So before they can operate, they must be listed under the SCA or DFSA and gain approval from either of them.

Continue Reading at Best Forex Brokers in United Arab Emirates (UAE)

Market makers and dealing desk brokers are similar in that they both facilitate trades within their own platforms, but they are not exactly the same.

Market makers typically provide liquidity by creating a market for traders, while dealing desk brokers may take a more active role in managing orders, which can lead to potential conflicts of interest.

Continue Reading at Are Market Maker Brokers Always Bad?


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