In order to trade successfully, it is very important to choose the right broker. in Europe, a large number of companies provide access to trading and you will have to choose the one for you among them. It is important to work only with reliable brokers providing all the required instruments for trading based on your trading strategy. TU analysts have selected the best mt5 brokers for beginners in Europe 2025. You can compare their features and trading conditions.
1
VT Markets - Best for beginners in Europe
VT Markets, established in 2015, is a globally authorized broker that offers traders access to a diverse portfolio of financial assets, including forex, indices, energy, precious metals, soft commodities, and ETF-based CFDs. The broker provides affordable prices and a choice of account options to accommodate a wide range of trading needs
👍 Advantages of trading with VT Markets for traders from Europe:
•Financially stable parent company and reliable custodian bank.
•Over 230 assets of different classes are available for trading.
•It allows trading using STP, ECN, and Islamic accounts.
•A wide range of investment solutions from reputable third-party platforms.
•Margin trading with leverage up to 1:500 for cryptocurrency pairs.
•Average trading commissions on ECN and precise market spreads on all account types.
•Access to making trades in desktop and mobile terminals MetaTrader 4/5, as well as in the web version of MT4.
👎 Disadvantages of VT Markets for traders from Europe:
•The high minimum deposit for novice traders is $50.
•Lack of access to micro (cent) accounts.
•The list of available assets does not include cryptocurrencies and ETFs.
2
TeleTrade - Best for beginners in Europe
TeleTrade is a global broker serving clients worldwide. They offer trading on Forex, indices, stocks, metals,cryptocurrencies, and energies. While lacking PAMM accounts and certain investment options, TeleTrade boasts a robust copy trading service, a strong affiliate program, and diverse account types (ECN, NDD, crypto). With sufficient leverage (up to 1:1000) and spreads from 0 pips, the broker caters to various trading styles, including scalping, intraday trading, and medium to long-term strategies.
TeleTrade supports traders with market analytics, expert forecasts, an economic calendar, and a comprehensive education section on their website.
👍 Advantages of trading with TeleTrade for traders from Europe:
•detailed analytical section;
•informative training section;
•Invest Start risk-free investment service;
•interest accrual on deposit;
•copytrading service;
•several affiliate programs with high payouts.
👎 Disadvantages of TeleTrade for traders from Europe:
•no PAMM accounts or other money management options;
•few withdrawal options;
•support is available 24/5;
•withdrawals delayed;
•technical support responds slowly;
•sometimes it takes a long time to verify data.
3
IC Markets - Best for beginners in Europe
IC Markets stands out as a highly reputable broker offering trading with 2,250+ instruments across Forex, stocks, commodities, cryptocurrencies, and more.
The broker provides ultra-fast execution with order speeds up to 40 milliseconds facilitated by its top-tier liquidity partners and processes over $29 billion in Forex trades daily. With a strong focus on active traders, it offers ECN accounts with raw spreads from 0 pips and leverage up to 1:500 (based on which regulator's rules apply to a trader's account). Copy trading is also well-supported through integration with ZuluTrade, cTrader Copy, and other platforms.
IC Markets clients benefit from robust security and regulatory licenses from ASIC, CySEC, and others.
👍 Advantages of trading with IC Markets for traders from Europe:
•Availability of three licenses;
•Wide range of assets;
•Standard and ECN account types for trading on different platforms;
•Mobile apps for Android and iOS-based devices;
•Scalping, hedging, and algorithmic trading are allowed;
•Minimum delay when executing orders and ultra-fast market execution;
•Competitive trading fees;
•Wide choice of social trading and copy trading platforms;
•24/7 support via live chat;
•Demo accounts on MT4, MT5, and cTrader;
•Swap-free accounts are available for Muslim traders.
👎 Disadvantages of IC Markets for traders from Europe:
•Education materials available on the website are not very informative or diverse;
•Rebates are available outside Australia and the European Economic Area;
•Not all clients are equally protected since compensation for investment is subject to the trader's country of residence.
4
HYCM - Best for beginners in Europe
HYCM company is a division of Henyep Group. It has been trading on the Forex market for over 40 years. The broker has earned 15 awards since it commenced trading. Among these awards, broker has won the Best Forex Broker Award in 2019 and Best Mobile Trading Platform by World Finance in 2017. The company provides services to both private and institutional traders. It offers a wide selection of trading tools allowing traders to trade currency, precious metals, securities, cryptocurrency, etc.
👍 Advantages of trading with HYCM for traders from Europe:
•extensive experience and reliability - the company has been operating for over 40 years;
•excellent trading conditions;
•good liquidity;
•fast execution of orders;
•over 300 trading instruments;
•5 types of investments;
•spreads from 0.1 pips;
•multilingual support in 14 languages;
•customer service in popular apps: Skype, Viber, Telegram, WhatsApp and Facebook;
•convenient mobile platform, which is one of the best;
•protection against negative balance.
👎 Disadvantages of HYCM for traders from Europe:
•customer service does not work on weekends;
•inconvenient for scalping;
•few opportunities for passive trading;
•there is no cent account.
5
Deriv - Best for beginners in Europe
Deriv has been operating in the financial markets since 1999 and is one of the largest online brokers in the world. All Deriv divisions are operated by the holding company Deriv.com Limited. The broker operates on an STP model with MT5 platforms and offers proprietary software for trading options called Deriv Trader. Today, traders from 190 countries around the world use Deriv's services. The company's multi-regulatory approach provides free access to its products. Its activities are regulated by MFSA (The Malta Financial Services Authority), Labuan Financial Services Authority, VFSC (Vanuatu Financial Services Commission), and BVI FSC (British Virgin Islands Financial Services Commission). Deriv specializes in leveraged trading of Forex and CFD instruments and trades in options contracts with multiples.
👍 Advantages of trading with Deriv for traders from Europe:
•Membership in The Financial Commission, which provides investment protection of up to €20,000;
•Zero trading fees and a wide range of derivatives with floating and fixed spreads;
•The minimum amount to trade options is $5.
•Initial deposit starting from 5 units of the account's base currency - EUR, USD, GBP, AUD;
•Trading platforms are customized to specific markets;
•Client funds are held in segregated accounts in major banks;
•Accounts are protected with two-factor authentication.
👎 Disadvantages of Deriv for traders from Europe:
•The broker does not offer the more user-friendly MetaTrader 4 platform for beginners;
•Investment in PAMM or MAM accounts is not available;
•There is limited educational content on the company's website.
TOP 5 Comparison
This table makes it easy to compare the best mt5 brokers for beginners in Europe for 2025 by placing their information side by side all in one place. The table includes the categories that are most important when deciding on a broker to work with. The data contained in this table is verified and only includes the most reputable brokers.
| VT Markets | TeleTrade | IC Markets | HYCM | Deriv | |
|---|---|---|---|---|---|
|
Trading platform |
MetaTrader4, MetaTrader5, VT Markets App, Web Trader+ |
MT4, MT5 |
MT4, cTrader, MT5, TradingView |
MT4, HYCM Prime Trader, HYCM Mobile |
Deriv Trader, MetaTrader5 |
|
Min deposit |
$50 |
$10 |
$200 |
$100 |
$5 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
|
Trust management |
Yes |
No |
No |
No |
No |
|
Accrual of % on the balance |
No |
1.00% |
No |
No |
1.00% |
|
Spread |
From 0 points |
From 0.2 points |
From 0 points |
From 0.1 points |
From 0.4 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
|
Execution of orders |
Market Execution |
Market Execution |
Market Execution |
STP |
Market Execution |
|
No deposit bonus |
No |
No |
No |
No |
No |
|
Cent accounts |
No |
Yes |
No |
No |
No |
Commissions & Fees
Brokerage fees are the amount of money that you pay for using the services that a brokerage offers in order to perform trading and manage investments. The brokerage fee structure and regulations vary from broker to broker, and there are two primary fee types which are:
Trading Fees: This type of fee is only charged when you perform a trade. It can be a conversion fee, margin rate, financing rate, spread, or commission.
Non-Trading Fees: This type of fee isn't directly related to your trading activity, and it can include inactivity fee, withdrawal fee, deposit fee, etcetera.
TeleTrade Commissions and Fees
Our analysts analyzed the broker’s trading and non-trading fees. The first was the company's spread, the second was additional fees for withdrawing funds.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
$7.2 |
No |
|
NDD |
$7.2 |
No |
|
ECN |
$7.2 |
No |
IC Markets Commissions and Fees
Trading fees include spreads, fees per lot, and swaps. IC Markets has variable spreads from 0.8 pips on Standard and from 0 pips on ECN account types. Therefore, fees for one instrument can vary subject to the time of day and the market situation. Fees per lot are charged only on ECN account types. They are $7 per lot on MT4/MT5 and $6 on cTrader. Swaps are charged when positions are transferred overnight, but they do not apply to the Islamic account type. Non-trading fees are fees not related to trades. At IC Markets, these are withdrawal fees when using international bank transfers. The broker doesn’t charge other non-trading fees.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
$8 |
Bank fees apply |
|
Raw spread MT4/MT5 |
$0 |
Bank fees apply |
|
Raw spread cTrader |
$0 |
Bank fees apply |
|
Islamic |
$0 |
Bank fees apply |
HYCM Commissions and Fees
HY Markets has been checked by our experts for the existence of trading and non-trading commissions. The company’s spread was considered as a trading commission, and additional fees for withdrawing funds were considered as a non-trading commission category.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Fixed |
From $18 |
No |
|
Classic |
From $12 |
No |
|
Raw |
From $1 |
Yes |
Deriv Commissions and Fees
The accounts provided by Deriv are STP, which means there is no broker fee for executing trades. Traders pay the trading spread, the size of which may vary depending on the market situation. Deriv's minimum spreads for the EUR/USD pair are 0.4 pips, with the target value being 0.6 pips. Spreads for synthetic indices are fixed. The broker does not charge fees for clients' financial operations, such as deposits and withdrawals, but fee accrual is possible as payment systems conduct transfers in accordance with internal regulations. For the maintenance of inactive accounts for 12 months, the broker deducts $25 or the equivalent in another currency every 6 months.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
STP MT5 |
From $4 |
Banks and payment providers may deduct fees |
Summary
Many brokers are available for traders from Europe, but not all of them offer good conditions. In this review, TU experts chose the Best mt5 brokers for beginners in Europe 2025. These are the most trusted companies that offer the best conditions for traders. You will also be able to review the general assessment of each broker.
Overall score of the best MT5 Brokers For Beginners in Europe
| VT Markets | TeleTrade | IC Markets | HYCM | Deriv | |
|---|---|---|---|---|---|
|
Overall score |
8.69 |
8.6 |
7.46 |
6.88 |
7.2 |
|
Execution of orders |
4.59 |
3.21 |
9.45 |
3.81 |
9.55 |
|
Investment instruments |
9.5 |
4.7 |
9.9 |
10 |
7.7 |
|
Withdrawal speed |
6 |
7 |
8 |
9 |
5 |
|
Customer Support work |
6.15 |
8.41 |
7.19 |
5.12 |
5.94 |
|
Variety of instruments |
7.02 |
8.75 |
8.02 |
6.42 |
9.27 |
|
Trading platform |
7.02 |
8.29 |
7.51 |
5.31 |
7.82 |
|
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FAQ
What learning instruments can a broker offer?
Brokers offer various educational options. These include full-fledged educational courses, or video tutorials, articles, and books. Companies also often hold seminars and webinars.
Is it possible to work with offshore brokers?
It is best not to work with offshore brokers. However, if you have chosen such a company, you need to check and analyze it very thoroughly. There are offshore brokers with good reputations. Before you start working with such a company, deposit the minimum amount and start trading. Once you’ve worked with the broker for a little while and checked how it operates and how quickly it processes withdrawals, you can start depositing higher amounts.
How much money do I need in order to start working in the financial markets?
The initial capital depends on the assets you plan to trade. However, in the majority of cases, $300-500 is a good amount for a start.
What factors are important when you are choosing a broker?
When you are choosing a broker, it is important to make sure it is a reliable company, consider its fees, the list of trading instruments, deposit and withdrawal methods and other factors. It is important to study a broker in detail, before opening an account with it.
Best MT5 Brokers For Beginners by Countries
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.