Best Forex Brokers Netherlands 2023
Though perhaps best known around the world for sights like the canals of Amsterdam, the dazzling fields of tulips that emerge in the spring, and Rembrandt’s self-portraits (and perhaps even those from a certain earless painter), the Netherlands is also a bustling business center – home to Europe’s largest port in Rotterdam (earning it the moniker “Gateway to Europe”) and one of the oldest modern stock exchanges in the world.
Here at BrokerNotes, we conducted extensive research and data collection on forex brokers, local regulatory agencies and stock exchanges, and Dutch monetary policy to create this guide to help you pick the best forex broker for trading in the Netherlands.
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Choosing a regulated forex broker in the Netherlands
Whether you are an active trader with deep forex experience, or a beginner who is just getting their start in the forex world, choosing a well-regulated forex broker is crucial if you want to steer clear of forex scams. Not all regulatory licenses carry the same weight, however, and regulatory environments can vary widely from country to country.
Our Trust Score, a proprietary algorithm, ranks regulatory agencies and their respective countries into three groups, with Tier 1 indicating the most stringent (which is good) and Tier 3 the least. We collect comprehensive data on each broker, which results in a ranking from 1 to 99 of the broker’s overall trust (the higher a broker’s Trust Score, the better). Learn more about Trust Score at our sister site, ForexBrokers.com.
Dutch financial institutions receive oversight from the Netherlands Authority for the Financial Markets (AFM) and are required to comply with the EU’s Markets in Financial Instruments Directive (MiFID) regulations. Any forex broker or other financial institution must be authorized by the AFM before operating in the Netherlands.
The De Nederlandsche Bank (DNB) is the central bank of the Netherlands, which strives to safeguard stable prices and regulate the financial system.
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.
Best brokers for trading in the Netherlands
To help you find the best forex brokers, we curated a list of every broker that accepts new clients from the Netherlands. We conducted meticulous research on those brokers, using over 100 data-driven variables (including our proprietary Trust Score), resulting in this list of the overall best brokers in the Netherlands:
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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
ÂŁ250.00 |
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 |
The Netherlands’ financial markets
Thanks to the currency stability provided by the Netherlands’ membership in the Eurozone within the European Union, the country enjoys a fairly stable currency environment, and a national currency that will be familiar to forex traders – the euro (EUR).
One of the oldest modern stock exchanges, the Netherlands’ Euronext Amsterdam was founded in 1602 (more than four hundred years ago!) by the Dutch East India Company. Previously known as the Amsterdam Stock Exchange (AEX), it merged with the Paris Bourse and the Brussels Stock Exchange in September of 2000 to create Euronext. Today, Euronext is the largest financial exchange in Europe.
FAQs:
What is the best broker in the Netherlands?
IG is the best broker for forex trading in the Netherlands in 2023. Out of all regulated brokers that accept residents of the Netherlands, IG stands out from the competition in almost every category and is consistently top-ranked in the areas that matter most.
IG offers a wide range of markets including CFDs, currency pairs (including forex options), as well as complex order types for advanced trading strategies. IG is also a great choice for less-experienced investors, as it provides a rich selection of educational resources for beginners.
Which broker has the best mobile app?
Saxo Bank's mobile app is the top choice for forex traders in 2023. The SaxoTraderGO web and mobile platforms provide a powerful selection of tools combined with top-notch research in a highly unified cross-platform experience. The IG Trading app is packed with sophisticated features like alerts, sentiment readings, and high-powered charting capabilities.
Neck and neck with Saxo Bank is IG, which is packed with sophisticated features like alerts, sentiment readings, and high-powered charting capabilities. Whether you choose IG or Saxo Bank, you’ll be trading forex on some of the most advanced mobile trading platforms available.
Which broker is best for beginners?
Beginner traders in the Netherlands have a rich selection of options when picking forex brokers in 2023. We conducted exhaustive research on the best forex brokers (including over 100 data-driven variables), and we determined that the following brokers are the best options for beginners in the Netherlands:
- IG - Best for beginners - IG Academy standalone app for education and IG Community
- AvaTrade -Comprehensive SharpTrader educational courses
- Capital.com - Entertaining Investmate app for education
- eToro - Simple platform interface, overall great beginner experience
Our top pick for beginner traders in the Netherlands is IG. IG shines as a broker for beginners, due to its well-designed, intuitive trading platforms (including IG’s award-winning IG Trading app) as well as its extensive educational courses. DailyFx – IG’s in-house content creator – produces a wide range of informative articles and videos, and IG also offers a standalone mobile app that is exclusively dedicated to teaching beginners about the financial markets.
What is the maximum leverage for forex trading in the EU?
Since August 1, 2018, the European Securities Markets Authority (ESMA) has restricted the amount of leverage that retail traders are permitted to use with forex and CFD brokers within the European Union (EU). The maximum amount of leverage goes up to 30:1 (3.3% margin) for major currency pairs, and can go as low as 2:1 leverage (50% margin) for assets like cryptocurrency CFDs. The full breakdown is as follows:
- 30:1 for major currency pairs;
- 20:1 for non-major currency pairs, gold, and major indices;
- 10:1 for commodities other than gold and non-major equity indices;
- 5:1 for individual equities and other reference values;
- 2:1 for cryptocurrencies;
ESMA also requires negative balance protection on a per-account basis, and for brokers to publish certain risk disclosures and to reveal the percentage of their clients that lose money. ESMA also dictates how margin close-out rules are handled by brokers (at 50% of the minimum margin) to help reduce potential client losses. However, the leverage restrictions and negative account balance protection do not apply to clients designated as Elective Professional traders.
Since October 1, 2021, Turbo certificates, a form of exchange-traded binary options, had their leverage restricted by the AFM, for customers trading these products in the Netherlands.
BrokerNotes.co 2023 Overall Rankings
To recap, here are our top forex brokers for 2023, sorted by Overall ranking.
More Forex Guides
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
Steven Hatzakis
Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
John Bringans
John Bringans is the Senior Editor of BrokerNotes.co and ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
Joey Shadeck
Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.