Best Forex Brokers Austria 2023
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.
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IG
- 9.9/10 Overall
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FOREX.com
- 9.3/10 Overall
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XTB
- 9/10 Overall
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eToro
- 8.8/10 Overall
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AvaTrade
- 8.6/10 Overall
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Plus500
- 8.5/10 Overall
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Capital.com
- 8.4/10 Overall
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XM Group
- 8.4/10 Overall
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Pepperstone
- 8.4/10 Overall
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Admiral Markets
- 8.3/10 Overall
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Markets.com
- 8.2/10 Overall
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Tickmill
- 7.9/10 Overall
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BlackBull Markets
- 7.9/10 Overall
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HFM
- 7.7/10 Overall
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HYCM (Henyep)
- 7.7/10 Overall
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 |
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 |
Minimum Initial Deposit
$0 |
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 |
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 |
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 |
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 |
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 |
Minimum Initial Deposit
$5 |
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 |
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 |
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.
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.
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.
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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.