Best Forex Brokers Hungary 2023
Here are the best forex brokers accepting residents of Hungary 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.
AvaTrade
AvaTrade has over 10 years of experience in the industry and has accumulated numerous awards for its platforms over the years. Their brokerage services are available throughout the EEA under the Markets in Financial Instruments Directive. AVA Trade Ltd is regulated internationally by the British Virgin Islands Financial Services Commission, and its subsidiary in Europe, AVA Trade EU Ltd, is incorporated in Ireland and regulated by the Central Bank of Ireland. Hungary is just one of the countries where AvaTrade’s services can be accessed, and although there are no AvaTrade offices in Hungary, a dedicated Hungarian language website and a direct customer helpline are available for customers from Hungary.
AvaTrade’s website is loaded with free educational material for learners, such as free webinars, eBooks, educational videos, articles, and in-depth market analysis. A dedicated learning platform, SharpTrader, can also be taken advantage of. AVA Trade’s platforms offer customers access to over 250 financial instruments across different markets. These include bonds, stocks, commodities such as oil, indices, and cryptocurrencies – all of which are traded as contracts for difference. Customers also have access to Forex trading via the AvaTrade platforms, including the popular MetaTrader 4.
All of the trading platforms on AVA Trade can be accessed via desktop, mobile, and tablets. AvaTrade offers a free 21-day demo account for clients to hone their trading skills and to get familiar with the different platforms. Wire transfers (with a minimum of €500) and debit or credit cards (with a minimum deposit amount of €100) are two deposit methods that are globally accepted by AvaTrade. It should be noted that e-wallets are not available to customers in Europe.
Euros are widely accepted and used in Hungary, and can also be selected as the base currency for the account.
XTB
With a dedicated Hungarian language website, and a local office situated in Hungary, XTB are one of the top brokers for traders from Hungary. Previously known as X-Trade Brokers, they are also considered one of the leading brokers in Europe. Starting from humble beginnings as a Forex broker in Poland back in 2002, they went on to develop a major brand with offices around Europe, and spreading internationally to Latin America and other locations around the world.
Customers from Hungary can access many international markets through their powerful trading platforms. Just some of the markets available include stock indices, Forex, commodities, ETFs, and cryptocurrencies. Just some of the popular instruments are the Bitcoin / USD currency pair (BTCUSD), Oil and Natural Gas, and the DE30 index, all of which can be traded as contracts for difference (CFDs), with generous leverage and low spreads. It should be noted that the higher the leverage, the greater the risk. XTB make their clients aware of the risks involved to ensure that their risk appetite matches the leverage offered.
Clients can choose from a basic account, standard account, and pro account. Whilst the basic account is subject to fixed spreads, the standard account offered by XTB provides variable spreads and the pro account offers market spreads. This minimum spread is therefore one of the main differences between the accounts. The basic account is also subject to maximum position sizes and does not offer automated trading facilities, which are available through both the standard and pro accounts.
The XTB company based in Hungary is authorized and regulated by the British financial services regulator, the Financial Conduct Authority (FCA). Their services are provided in Hungary using passporting arrangements permitted under the MiFID (Markets in Financial Instruments Directive) regime.
Traders from Hungary can also benefit from local telephone and email customer support, all of which are available in Hungarian. A wealth of educational information is also available through the XTB website in Hungarian.
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.
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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.