Best Forex Brokers Romania 2023
To find the best forex brokers in Romania, we created a list of forex brokers accepting clients from Romania and sorted it by overall rating.
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 Online Brokers for Romania
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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 |
AvaTrade
AvaTrade are amongst the top online brokers available for traders in Romania. They are a multinational company with regional offices based in various locations around the world. AvaTrade Ltd. are regulated by the BVI Financial Services Commission whilst their subsidiary in Europe, AVA Trade EU Ltd., is incorporated in Ireland and is regulated by the Central Bank of Ireland. The company’s website is available in over 15 different languages, including Romanian, making it an ideal choice for Romanian clients.
AvaTrade offers access to more than 250 financial instruments including contracts for difference (CFDs), indices, stocks, shares, cryptocurrencies, and Forex. The company’s website provides extensive educational resources for traders including educational videos, eBooks, webinars, market indicators, and in-depth articles. They have also recently launched a dedicated learning and educational platform for customers known as SharpTrader. Whilst this is not available in the Romanian language, clients with a knowledge of English, German or 6 other languages will find the site useful.
AvaTrade’s products and services can be accessed by customers via multiple platforms and devices, including mobiles, tablets, and desktop computers. A demo account is also available for traders to get acquainted with the platforms. AvaTrade accepts two deposit methods: wire transfer (minimum EUR/USD/GBP 500); and credit/debit card (minimum EUR/USD/GBP 100).
Plus500
Plus500 is a trading broker for contracts for difference (CFDs) on multiple asset classes including forex and shares. The Plus500 trading platform is provided in Romania by their subsidiary company, Plus500CY Ltd, which is based in Cyprus with its head office in Limassol. The company is licensed by the Cyprus Securities and Exchange Commission (CySEC) to provide access to financial instruments such as CFDs for currencies, stocks, commodities, indices, cryptocurrencies and more. Availability and access to cryptocurrencies is subject to regulation. Most instruments are traded as CFDs through the platform.
For customers in Romania, a dedicated Romanian language website is provided, along with Romanian language customer support available via live chat and email. In addition, Romanian can be selected for the trading platform, and the Romanian leu can be selected as the base currency for the account. This must be selected prior to carrying out any trading on the account and can be done so by contacting a customer service operative.
The Plus500 trading platform is intuitive and straightforward to use, providing customers with information and technology to support trading. As one of the leaders in the field, they have developed the platform for desktops and mobile devices. The mobile apps can be downloaded from Google’s Play Store and the Apple App Store.
For additional protection, client deposits are kept separate from the Plus500 company assets in accordance with CySEC’s client money rules. Plus500CY Ltd is a subsidiary of Plus500 Ltd. Plus500 Ltd is listed on the Main Market of the London Stock Exchange.
XTB
XTB are an award-winning broker with more than 12 years of experience, and offices located around the world. The company was established in Poland, and have headquarters in Warsaw. Over the years, they have added branches in the Czech Republic, Germany, Spain, Slovakia, Turkey and many other European countries, including Romania. They boast being the only international broker with a physical branch in Romania. This is located in the capital, Bucharest. In addition, their dedicated Romanian language website is ideal for customers creating an online account for trading in Romania.
The subsidiary, X-Trade Brokers DM SA, is regulated by the Komisja Nadzoru Finansowego (KNF) in Poland and the Romania branch is also regulated by the Romania National Securities Commission. This provides clients with additional protection as they are expected to abide by the stringent regulations set by these national authorities.
The range of markets that clients from Romania have access to include Forex, with over 50 currency pairs; indices, with more than 20 index CFDs available; commodities, including silver, gold, and oil; cryptocurrencies, such as Bitcoin; and much more. Clients can also benefit from significant leverage (although it should be noted that this can also increase the risk involved, as clients will be more exposed to small market movements) and low spreads.
XTB are not just a broker with a presence in Romania, but also support local projects, such as the President-backed ‘Educate Romania’ project, and the Princess Margarita of Romania Foundation. Events supported and attended by XTB include the Vidraru Bike Challenge, Bank to Basics, and the Horse Salon event, which promotes values such as financial education.
X-Trade Brokers listed on the stock exchange in Warsaw in 2016; and feature Mads Mikkelsen, an award-winning Hollywood actor, as their brand ambassador.
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.
IG
Saxo Bank
Interactive Brokers
CMC Markets
TD Ameritrade
FOREX.com
City Index
Swissquote
FXCM
OANDA
Admiral Markets
FP Markets
IC Markets
Markets.com
FxPro
Fineco Bank
Tickmill
BlackBull Markets
DooPrime
BDSwiss
TMGM
HFM
FlowBank
HYCM (Henyep)
Vantage
Trading 212
Eightcap
Trade Nation
Moneta Markets
ThinkMarkets
VT Markets
ACY Securities
easyMarkets
RoboForex (RoboMarkets)
IronFX
Exness
Spreadex
Trade360
AxiTrader
GKFX
Vestle
OctaFX
FXOpen
TeleTrade
FXPrimus
Forex4you
LegacyFX
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TopFX
Libertex (Forex Club)
ATFX
UFX
Xtrade
Tradeo