Best Forex Brokers Netherlands 2023

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.

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.

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.

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:

1. IG - Best for beginners - IG Academy standalone app for education and IG Community
2. AvaTrade -Comprehensive SharpTrader educational courses
3. Capital.com - Entertaining Investmate app for education
4. 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.

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.