Best Forex Brokers Austria 2023

December 27, 2022

Here are the best forex brokers accepting residents of Austria as clients.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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.

IG

- 9.9/10 Overall
FOREX.com

- 9.3/10 Overall
XTB - 9/10 Overall
eToro - 8.8/10 Overall
AvaTrade - 8.6/10 Overall
Plus500 - 8.5/10 Overall
Capital.com - 8.4/10 Overall
XM Group - 8.4/10 Overall
Pepperstone - 8.4/10 Overall
Admiral Markets - 8.3/10 Overall
Markets.com - 8.2/10 Overall
Tickmill - 7.9/10 Overall
BlackBull Markets - 7.9/10 Overall
HFM - 7.7/10 Overall
HYCM (Henyep) - 7.7/10 Overall

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Join 239,000+ traders worldwide.

(77% of retail CFD accounts lose money)

Overall Rating

9.9 / 10

Minimum Initial Deposit

£250.00

Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close

Highly Trusted

Cost & Fundingexpand_moreexpand_less

Average Spread EUR/USD - Standard	0.86 (September 2022)
All-in Cost EUR/USD - Active	0.5957 (September 2022)
PayPal (Deposit/Withdraw)	Yes
Skrill (Deposit/Withdraw)	No
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	1974
Publicly Traded (Listed)	Yes
Bank	Yes
Tier-1 Licenses	7
Tier-2 Licenses	2

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	19537
Forex Pairs (Total)	100
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	No
Proprietary Platform	Yes
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	33

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

Visit Site open_in_new

A Global Market Leader!

(73% of retail CFD accounts lose money)

Overall Rating

9.3 / 10

Minimum Initial Deposit

$100

Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close

Highly Trusted

Cost & Fundingexpand_moreexpand_less

Average Spread EUR/USD - Standard	1.0 (July 2022)
All-in Cost EUR/USD - Active	1.0 (July 2022)
PayPal (Deposit/Withdraw)	Yes
Skrill (Deposit/Withdraw)	No
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	1999
Publicly Traded (Listed)	Yes
Bank	No
Tier-1 Licenses	4
Tier-2 Licenses	2

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	5500
Forex Pairs (Total)	91
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	Yes
Proprietary Platform	Yes
Social Trading / Copy Trading	No
Charting - Indicators / Studies (Total)	203

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

Overall Rating

9 / 10

Minimum Initial Deposit

Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close

Highly Trusted

Cost & Fundingexpand_moreexpand_less

Average Spread EUR/USD - Standard	1.07 (Q3 2022)
All-in Cost EUR/USD - Active	1.04 (Q3 2022)
PayPal (Deposit/Withdraw)	Yes
Skrill (Deposit/Withdraw)	Yes
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	2002
Publicly Traded (Listed)	Yes
Bank	No
Tier-1 Licenses	1
Tier-2 Licenses	3

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	12000
Forex Pairs (Total)	49
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	No
Proprietary Platform	Yes
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	39

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

Overall Rating

8.8 / 10

Minimum Initial Deposit

$10-$10,000

Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close

Highly Trusted

Cost & Fundingexpand_moreexpand_less

Average Spread EUR/USD - Standard	1 (August 2021)
All-in Cost EUR/USD - Active	N/A
PayPal (Deposit/Withdraw)	Yes
Skrill (Deposit/Withdraw)	Yes
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	2007
Publicly Traded (Listed)	No
Bank	No
Tier-1 Licenses	2
Tier-2 Licenses	1

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	3458
Forex Pairs (Total)	49
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	No
MetaTrader 5 (MT5)	No
Proprietary Platform	Yes
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	66

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	No
Economic Calendar	Yes

Overall Rating

8.6 / 10

Minimum Initial Deposit

$100

Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close

Highly Trusted

Cost & Fundingexpand_moreexpand_less

Average Spread EUR/USD - Standard	0.91 (Aug 2020)
All-in Cost EUR/USD - Active	0.61 (Aug 2020)
PayPal (Deposit/Withdraw)	Yes
Skrill (Deposit/Withdraw)	Yes
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	2006
Publicly Traded (Listed)	No
Bank	No
Tier-1 Licenses	4
Tier-2 Licenses	3

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	1260
Forex Pairs (Total)	55
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	Yes
Proprietary Platform	Yes
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	90

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

Overall Rating

8.5 / 10

Minimum Initial Deposit

€100

Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close

Highly Trusted

Cost & Fundingexpand_moreexpand_less

Average Spread EUR/USD - Standard	0.6 (as of Aug 2018)
All-in Cost EUR/USD - Active	N/A
PayPal (Deposit/Withdraw)	Yes
Skrill (Deposit/Withdraw)	Yes
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	2008
Publicly Traded (Listed)	Yes
Bank	No
Tier-1 Licenses	4
Tier-2 Licenses	3

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	2800
Forex Pairs (Total)	71
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	No
MetaTrader 5 (MT5)	No
Proprietary Platform	Yes
Social Trading / Copy Trading	No
Charting - Indicators / Studies (Total)	110

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	No
Economic Calendar	Yes

Overall Rating

8.4 / 10

Minimum Initial Deposit

$20

Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close

Average Risk

Cost & Fundingexpand_moreexpand_less

Average Spread EUR/USD - Standard	0.6 (July 2021)
All-in Cost EUR/USD - Active	0.6 (July 2022)
PayPal (Deposit/Withdraw)	Yes
Skrill (Deposit/Withdraw)	No
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	2016
Publicly Traded (Listed)	No
Bank	No
Tier-1 Licenses	2
Tier-2 Licenses	1

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	6000
Forex Pairs (Total)	138
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	No
Proprietary Platform	Yes
Social Trading / Copy Trading	No
Charting - Indicators / Studies (Total)	75

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	No
Economic Calendar	Yes

Overall Rating

8.4 / 10

Minimum Initial Deposit

Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close

Trusted

Cost & Fundingexpand_moreexpand_less

Average Spread EUR/USD - Standard	1.6 (Aug 2020)
All-in Cost EUR/USD - Active	0.8 (Aug 2021)
PayPal (Deposit/Withdraw)	No
Skrill (Deposit/Withdraw)	Yes
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	2009
Publicly Traded (Listed)	No
Bank	No
Tier-1 Licenses	2
Tier-2 Licenses	1

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	1372
Forex Pairs (Total)	57
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	Yes
Proprietary Platform	No
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	30

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

Overall Rating

8.4 / 10

Minimum Initial Deposit

$200

Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close

Highly Trusted

Cost & Fundingexpand_moreexpand_less

Average Spread EUR/USD - Standard	0.77 (September 2022)
All-in Cost EUR/USD - Active	0.87 (September 2022)
PayPal (Deposit/Withdraw)	Yes
Skrill (Deposit/Withdraw)	Yes
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	2010
Publicly Traded (Listed)	No
Bank	No
Tier-1 Licenses	2
Tier-2 Licenses	2

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	1200
Forex Pairs (Total)	62
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	Yes
Proprietary Platform	No
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	15

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

Here are some additional brokers.

Plus500

Plus500 offers contracts for difference (CFDs) on multiple asset classes including forex and shares, and is regulated by the Cyprus Securities & Exchange Commission (CySEC), as well as the Financial Conduct Authority (FCA) in the UK, among a wide range of other jurisdictions. This ensures significant levels of protection to clients based in Europe.

Founded in 2008, Plus500 is a trademark of Plus500 Ltd, which now boasts of more than 150,000 active customers. There are several factors that contribute to Plus500 being one of the top brokers for traders in Austria: their trading platform and website are available in 32 different languages, including German; they offer a free demo account to Austrian traders; and they offer their users a high level of support.

Furthermore, Plus500 provides access to an array of different markets including CFDs for cryptocurrencies, stocks, shares, commodities, and forex. Availability and access to cryptocurrencies is subject to regulation. Predominantly through contracts for difference (CFDs), clients can trade on indices, markets and shares for some of the largest companies in Austria and across Europe, such as the Austria 20, OMV, and the Germany 30. A variety of payment options are also accepted by the company including Visa/Mastercard, PayPal/Skrill, and direct bank deposits.

77% of retail investor accounts lose money when trading CFDs with this provider.

IG

IG Markets Ltd. offers its products and services in Austria under the authorisation and regulation of the FCA (Financial Conduct Authority). With over 40 years of experience in providing financial instruments, IG is one of the most well-reputed trading companies in Austria, as well as globally. Headquartered in London, it has offices in Germany, Switzerland, Spain and 12 other countries across 5 continents.

IG’s trading platform allows CFD trading on many financial markets including commodities, Digital 100, indices, and shares; they are also a provider of forex and offer physical equities trading. Before starting to trade, clients can try out a free demo account with €10,000 of virtual currency.

IG has confirmed over 5 million orders per month on average and has an active customer base of over 150,000. IG accepts payments through Visa/Mastercard and direct bank deposits.

Clients in Austria also have access to an execution-only stockbroking service.

AvaTrade

With more than 10 years in the industry, AvaTrade offer services for financial traders in over 150 countries, including Austria. The company’s European headquarters are located in Ireland and they are regulated by the Central Bank of Ireland for the provision of regulated products and services.

The AvaTrade platform offers traders access to more than 250 instruments including commodities, indices, forex, cryptocurrencies, and CFDs for stocks. The company have more than 200,000 registered customers conducting over 2 million trades a month.

AvaTrade have 11 offices worldwide, with the closest office to Austria located in Milan, Italy. A German language website and trading platforms are available for Austrian clients, and Euros can be selected as the primary currency for accounts. AvaTrade accepts payments through debit/credit card and wire transfer. Online wallets such as PayPal and Skrill payments are not available to EU and Australian customers.

BrokerNotes.co 2023 Overall Rankings

To recap, here are our top forex brokers for 2023, sorted by Overall ranking.

Company	Accepts AT Residents	Overall Rating	Minimum Initial Deposit	Average Spread EUR/USD - Standard	Trust Score	Trust Score	Tradeable Symbols (Total)	Visit Site
IG	check	9.9	£250.00	0.86 (September 2022)	99	Highly Trusted	19537	Visit Site
Saxo Bank	check	9.7	€2,000	0.9 (September 2022)	99	Highly Trusted	60000
Interactive Brokers	check	9.7	$0	0.6 (Aug 2022)	99	Highly Trusted	8500
CMC Markets	check	9.6	$0	0.51 (August 2022)	99	Highly Trusted	12377
TD Ameritrade	check	9.5	$0	1.25 pips (September 2022)	99	Highly Trusted	0
FOREX.com	check	9.3	$100	1.0 (July 2022)	99	Highly Trusted	5500	Visit Site
City Index	check	9.2	£100.00	1.0 (July 2022)	99	Highly Trusted	13500
XTB	check	9	$0	1.07 (Q3 2022)	95	Highly Trusted	12000
eToro	check	8.8	$10-$10,000	1 (August 2021)	93	Highly Trusted	3458
Swissquote	check	8.7	$1000	N/A	99	Highly Trusted	466
AvaTrade	check	8.6	$100	0.91 (Aug 2020)	93	Highly Trusted	1260
FXCM	check	8.5	Starts from $50	1.38 (Q2 2022)	96	Highly Trusted	441
Plus500	check	8.5	€100	0.6 (as of Aug 2018)	98	Highly Trusted	2800
Capital.com	check	8.4	$20	0.6 (July 2021)	77	Average Risk	6000
XM Group	check	8.4	$5	1.6 (Aug 2020)	90	Trusted	1372
Pepperstone	check	8.4	$200	0.77 (September 2022)	93	Highly Trusted	1200
OANDA	check	8.4	$0	1.26 (5/22-5/27/22)	92	Highly Trusted	124
Admiral Markets	check	8.3	$100	0.8 (July 2021)	87	Trusted	8425
FP Markets	check	8.3	$100 AUD	1.2 (August 2022)	86	Trusted	10000
IC Markets	check	8.2	$200	0.62 (August 2022)	86	Trusted	3583
Markets.com	check	8.2	$100	1.9 (as of Oct 2019)	98	Highly Trusted	2179
FxPro	check	8.1	$100	1.51 (August 2020)	90	Highly Trusted	2249
Fineco Bank	check	7.9	$0	N/A	92	Highly Trusted	126
Tickmill	check	7.9	$100	0.51 (August 2022)	82	Trusted	295
BlackBull Markets	check	7.9	$0	0.827 (August 2022)	74	Average Risk	26000
DooPrime	check	7.8	$100	-1	84	Trusted	10000
BDSwiss	check	7.8	$100-$5000 (depending on account type)	1.6 (08/10/22)	83	Trusted	1081
TMGM	check	7.8	$100	0.96 (July 2021)	79	Average Risk	12000
HFM	check	7.7	$5	1.2 (August 2021)	85	Trusted	3500
FlowBank	check	7.7	$0.00	N/A	77	Average Risk	408600
HYCM (Henyep)	check	7.7	$100	0.6 (Sept 2021)	86	Trusted	245
Vantage	check	7.7	$50	1.22 (August 2021)	83	Trusted	1000
Trading 212	check	7.6	EUR 10	N/A	77	Average Risk	1785
Eightcap	check	7.6	$100	1.0 (Aug 2022)	87	Trusted	326
Trade Nation	check	7.5	$0	0.6	83	Trusted	601
Moneta Markets	check	7.5	$50	1.27 (September 2022)	71	Average Risk	965
ThinkMarkets	check	7.4	$250.00	N/A	86	Trusted	1674
VT Markets	check	7.4	$200	1.2 (September 2021)	71	Average Risk	168
ACY Securities	check	7.4	$50	1.2 (Sept 2021)	75	Average Risk	1600
easyMarkets	check	7.3	$100	0.9 (as of Mar 2020)	84	Trusted	199
RoboForex (RoboMarkets)	check	7.3	$100	1.4 (Jan 2022)	69	High Risk	12000
IronFX	check	7.2	$50	1.2	84	Trusted	340
Exness	check	7.2	$1	0.9 (as of May 19)	74	Average Risk	112
Spreadex	check	7.2	$0	-1	70	Average Risk	2000
Trade360	check	7.1	$250	N/A	75	Average Risk	1062
AxiTrader	check	7.1	0	N/A	83	Trusted	175
GKFX	check	7.1	$0	N/A	66	High Risk	354
Vestle	check	7.1	-1	-1	79	Average Risk	750
OctaFX	check	7	$25	0.6 (August 2021)	67	High Risk	80
FXOpen	check	7	$100	N/A	80	Trusted	87
TeleTrade	check	7	$100	-1	67	High Risk	500
FXPrimus	check	6.9	$100	N/A	69	High Risk	140
Forex4you	check	6.9	$0	-1	62	High Risk	150
LegacyFX	check	6.9	$500	0	75	Average Risk	425
GBE brokers	check	6.8	$500	-1	69	High Risk	500
Alpari	check	6.8	$20	N/A	67	High Risk	105
TopFX	check	6.7	Depends on payment method	N/A	67	High Risk	655
Libertex (Forex Club)	check	6.7	$10	-1	72	Average Risk	300
ATFX	check	6.6	$500	-1	70	Average Risk	150
UFX	check	6.6	$100	3 (Jan 2021)	67	High Risk	619
Xtrade	check	6.5	$250	-1	80	Trusted	142
Tradeo	check	6.4	$200	-1	67	High Risk	256

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Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Editorial Team

Marcus Taylor

BrokerNotes was founded in 2014 by Marcus Taylor, founder and CEO of Venture Harbor, a venture studio in Oxford that develops innovative online tools & technology across a range of sectors.