Forex Brokers in Hungary
Hungary committed to serious reforms and maintains a strict policy regarding the governance of business entities. The official regulator for financial markets in Hungary is MNB (Magyar Nemzeti Bank), which is the Hungary's central bank. MNB belongs to the European System of Central Banks.
Though most brokers often choose countries that do not officially belong to Western Europe, hoping to work under more flexible conditions and have no very strict regulations, but the laws in Hungary are not as lax as some might think. Brokers registered in Hungary can't operate as they wish. Those who want to avoid the law and manipulate the market should better close their offices and look for another country instead.
| Broker | Regulation | Max Leverage | Min Deposit | General Rating | |
|---|---|---|---|---|---|
| XTB Austria 2002 | CNMV (Spain) 40 Czech National Bank, 56720 DFSA (Dubai), 4365 FCA (UK), 522157 FSA (Poland), 0000217580 FSCA (South Africa), 49970 IFSC (Belize), IFSC/60/413/TS/19 ESMA | 1:30 | $1 | Review | |
| Interactive Brokers Australia 1977 |
ASIC, 453554 Central Bank of Ireland 23.12.2020 CFTC/NFA, 0258600 FCA (UK), 208159 Hungarian National Bank, H-EN-III-623/2020 Monetary Authority of Singapore, CMS100917 SEC (US), 8-47257 | 1:100 | $10000 | Review | |
| Admirals Argentina 2001 |
ASIC, 28381 CySEC 201/13 FCA (UK), 595450 FSA (Estonia), 10932555 FSA (Seychelles), 8426894-1 Jordan Securities Commission, 57026 | 1:500 | $100 | Review | |
| XM Australia 2009 | ASIC 443670 BaFin, 124161 CNMV (Spain), 2010157773 CONSOB (Italy), 3046 CySEC, 120/10 FCA (UK), 538324 FSP (New Zealand), FSP235905 ESMA | 1:888 | $5 | Review | |
| Markets Invest Hungary 2017 | None | 1:1000 | $250 | Review |
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
What is the best forex broker in Hungary?
Finding the best forex broker in Hungary 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 Hungary, 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.
Where can I trade forex in Hungary?
The list in this page can be a good reference if you look to trade with in Hungary. We have sorted specific forex brokers that accept clients from Hungary, 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.
What is the best forex broker for beginners?
If you are a beginner and looking for the right broker to trade with in Hungary, 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.
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