Best Forex broker in The Netherlands - Eightcap
Top Forex broker in The Netherlands:
Eightcap - Best broker to trade directly from TradingView charts
XM Group - Best Order Execution (99.35% of orders are executed nearly instantly)
Vantage Markets - Best for trading CFDs on major U.S. Stocks (zero fees apply)
FxPro - Biggest choice of currency pairs (70+ FX CFDs)
VT Markets - Attractive Forex bonuses (50% welcome bonus, 20% deposit bonus)
IC Markets - Biggest Forex broker by trading volume (average volume over 29B per day)
In the Netherlands, forex trading is a popular investment method among private investors. Oversight of this market is carried out by the Dutch Authority for the Financial Markets (AFM). Its main role is to ensure transparency and protect the interests of investors.
All forex brokers providing services in the country must be authorized by the AFM. Traders from the Netherlands can also collaborate with brokers regulated in one of the European Union countries, as well as in the United Kingdom and some other countries with high legal standards that accept clients from the Netherlands.
Traders Union has selected the top 10 brokers in the Netherlands based on criteria such as Tier-1 regulation, low commissions and spreads, and favorable trading conditions. In total, over 100 parameters were considered for selecting brokers.
Warning:
There is a high level of risk involved when trading leveraged products such as Forex/CFDs. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Traders Union experts analyzed hundreds of Forex brokers in the Netherlands and selected the top 10 based on criteria that include, low fees, favorable trading conditions, quality educational content, and excellent customer support.
| Broker | Number of currency pairs | Accepts citizens of the Netherlands | Minimum Deposit | Advantages | |
|---|---|---|---|---|---|
40 |
100$ |
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57 |
5$ |
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40 |
50$ |
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70 |
100$ |
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55 |
100$ |
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61 |
200$ |
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74 |
5$ |
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90 |
1$ |
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40 |
50$ |
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90 |
|
| Broker | Trading platform | Instruments | Spread | Margin Call / Stop Out | Regulation | Trading features |
|---|---|---|---|---|---|---|
MT4, MT5, TradingView |
CFDs on currency pairs, cryptocurrencies, indices, stocks, commodities, and precious metals |
0 points |
80% / 50% |
ASIC, SCB, CySEC, FCA |
Free 30-day demo account; |
|
MT4, MT5, MobileTrading, XM App |
Forex,and CFDs on Stocks, Commodities, Equity Indices, Precious Metals, Energies, Cryptocurrencies, Turbo Stocks, Shares, Thematic Indices - these might differ between the XM entities |
0.8 points |
100% / 50% |
CySEC, FSC (Belize), DFSA, FSCA, FSA (Seychelles), FSC (Mauritius) |
There are Islamic accounts; It is possible to connect to the MQL5 trading services. |
|
MT4, MT5, TradingView, ProTrader, Vantage App |
Currency pairs (57), CFDs on stocks (226), indices (26), and commodities (22), energy, ETFs, bonds, share SFDs |
0 points |
100% / 50% |
ASIC, FCA, FSCA, VFSC |
Automated trading; Pro Trader Tools; VPS server; Analytical instruments; Proprietary mobile application. |
|
MT4, MobileTrading, MT5, cTrader, FxPro Edge |
Over 2,100 assets are available: currencies, stocks, indices, futures, metals, energies, and cryptocurrencies. |
0 points |
25% / 20% |
FCA, CYSEC, FSCA, SCB, FSA (Seychelles) |
Scalping - for all types of financial instruments; Negative balance protection for customer accounts; 24-hour multilingual support, 5 days a week; Advisors; Algorithmic Trading. |
|
MetaTrader4, MetaTrader5, VT Markets App, Web Trader+ |
Currency pairs, CFDs on US and Hong Kong stocks, indices, commodities, energy resources, ETFs, bonds, and precious metals |
0 points |
ASIC, FSCA, FSC Mauritius |
No cryptocurrencies are among the assets available for trading |
||
MT4, cTrader, MT5, TradingView |
Cryptos and Forex CFDs on indices, commodities, stocks, bonds, and futures |
0 points |
100% / 50% |
ASIC, CySEC, and FSA |
Scalping and expert advisors; |
|
MT4, MobileTrading, MT5, FBS app |
Forex, indices, metals, futures contracts |
1 point |
40% / 20% |
CySEC, FSC (Belize) |
Advisors; Hedging; Protection against a gap. |
|
MT4, MT5, TradingView, WebTrader, cTrader |
Currency pairs (90+), CFDs on stocks (100), indices (12), metals (14), energy (3), cryptocurrencies (5) |
0.1 points |
90% / 20% |
ASIC, VFSC, FSA |
There is no inactivity fee on the account; Remove the 30-day restriction on using a demo account; Convenient client cabinet. |
|
MobileTrading, WebTrader |
Currencies, assets of stock and commodity markets, cryptocurrencies |
2 points |
CySEC, FCA, ASIC |
Cryptocurrency trade; Structural investment portfolios; Copy Portfolios; Trading Central. |
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MT4, MobileTrading, WebTrader, cTrader, MT5, TradingView |
CFDs on Forex, Index, Stocks, Currency Indices, Commodities, ETFs, Crypto |
0 points |
90% / 20% |
ASIC, FCA, DFSA, BaFin, CMA, SCB, CySec |
Trading using advisors; Auto copying; Scalping; Hedging; Trading on the news are allowed. |
Forex trading in the Netherlands is regulated by the Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) and the Dutch Central Bank (De Nederlandsche Bank, DNB).
The Netherlands has a two-side approach to licensing for businesses:
The Netherlands implements Forex investor protection measures through a combination of regulations and membership in European Union (EU) directives. Investors are protected by the Authority for the Financial Markets (Autoriteit Financiële Markten, AFM).
The income tax rates in the Netherlands are progressive and range from 37.1% to 49.5% for individuals, depending on their total taxable income.
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Scalping is a trading strategy where tight spreads and minimal commissions are crucial for success, as it involves making numerous small profits from short-term price movements. TU has identified 3 forex brokers that support scalping and offer STP/ECN accounts for low-commission trading.
| Broker | Scalping is allowed | STP Forex account |
|---|---|---|
When learning how to start Forex trading, the most important stage is choosing a Forex broker. Below are factors traders must consider if they seek the best Forex brokers in the Netherlands.
Learning about the broker's regulatory status is the first factor traders in the Netherlands must consider. Investors must ascertain whether the broker is governed by a national or international agency.
Many of the best Forex brokers in the Netherlands have low or no commission for transactions on their platform. Also, they offer traders a low fee for some of their services. Traders should learn about the cost before they make that first trade. The best Forex brokers for beginners offer great pricing and are honest about the fees they charge.
Learning the order execution speed and deposit and withdrawal times are crucial factors traders must find out before choosing a broker.
Before choosing a broker, novice traders are advised to familiarize themselves with the initial or minimal deposit requirement. This assists you in selecting a broker who can accommodate your financial situation.
Investigate the broker's market capitalization. This gives traders details about the volume and total value of all the currencies traded on the platform.
MT4, MT5, and cTrader are popular trading platforms integrated by the best Forex Brokers in the Netherlands. Ensure you know what other trading platforms the broker integrates.
The minimum deposit, commission, and leverage vary depending on the account types offered by a broker. So a trader must research the various account types before opening a Forex trading account with any broker.
| Day of the week | Votes |
|---|---|
|
Assets for copy trading
Monday |
Regulator
339 |
|
Assets for copy trading
Tuesday |
Regulator
285 |
|
Assets for copy trading
Wednesday |
Regulator
730 |
|
Assets for copy trading
Thursday |
Regulator
400 |
|
Assets for copy trading
Friday |
Regulator
326 |
|
Assets for copy trading
Total |
Regulator
2080 |
Experts agree that Tuesday, Wednesday, and Thursday are the best days for Forex trading; the Forex market is said to experience higher volatility within these days. But the best time to trade Forex in the Netherlands should be during the London and New York overlap (between 8:00 and 11:00 a.m. EST).
Having mentioned the best day and time to trade Forex in the Netherlands, there are currency pairs to trade during this period. Experts say that the major currency pairs, which are a mix of currencies from the most developed, robust, and stable economies, are the best. Choosing pairs with the US dollar is advised because it is the most powerful and dominant currency, accounting for 72.87% of all global trades.
Below is a list of the currency pairs to trade on the best Forex Brokers in the Netherlands:
EUR/USD
USD/JPY
GBP/USD
AUD/USD
USD/CAD
USD/CHF
For novice traders in the Netherlands, starting with a demo or cent account, or getting involved in copy trading, can be an excellent way to learn and gain experience. Demo accounts offer a risk-free environment for practicing trading strategies with virtual funds. Cent accounts allow traders to trade with small amounts of real money, reducing risk while still experiencing authentic trading conditions. Copy trading involves replicating the trades of experienced traders, allowing beginners to learn from their strategies and decisions.
| Broker | Demo | Cent | Copy Trading | |
|---|---|---|---|---|
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For many brokers, MetaTrader 4 (MT4) and MetaTrader 5 (MT5) suffice, offering various advantages such as:
A user-friendly interface
Customizable charts
Technical analysis tools
Automated trading capabilities
Multiple timeframes
Expert Advisors (EAs) for algorithmic trading
For trading on ECN accounts, brokers typically provide cTrader, which offers additional features for faster transactions and running trading bots.
For more comprehensive technical analysis, some brokers integrate with TradingView. This platform provides advanced charting tools, a wide range of technical indicators, and extensive drawing options.
Those seeking advanced analytics may prefer proprietary trading terminals from major international brokers. These platforms offer unique features tailored to experienced traders, giving them an edge in the market.
Yes, Forex trading is legal in the Netherlands. It is regulated by the Dutch Authority for the Financial Markets (AFM), which oversees the financial industry to ensure fair and transparent trading practices. Traders can engage in Forex trading with brokers authorized by the AFM, providing a level of security and protection.
Yes, you can trade with international Forex brokers in the Netherlands. The Netherlands does not restrict its residents from trading with international brokers. However, it's important to be cautious and choose a reputable broker that is regulated by a well-known regulatory authority, such as the Financial Conduct Authority (FCA) in the UK or other tier-1 regulators in EU countries. Trading with an unregulated broker can expose you to higher risks, including fraud and misconduct.
A reasonable amount to start practicing Forex trading is around €100. However, to have a realistic chance of earning money from trading, it's recommended to have at least €500. This amount allows you to trade with moderate leverage and manage your risks more effectively, increasing your chances of successful trades and profitable outcomes .In general, it's important to remember that if you can successfully turn €500 into €1000, you'll likely have a better chance of turning €100,000 into €200,000. By honing your skills and strategies with smaller amounts, you can develop the expertise needed to manage larger sums more effectively and potentially achieve greater returns in the long run.
Forex trading can be profitable, but it comes with risks. Statistics show that a large majority of traders, up to 82%, actually lose money. However, this doesn't mean that Forex trading is inherently unprofitable. To improve your chances of success, it's crucial to learn and practice extensively. This involves understanding the market, developing a trading strategy, and honing your skills through continuous learning and practice. It's also important to manage risks effectively by using appropriate risk management techniques and not risking more than you can afford to lose.
Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.
Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).
