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Best Forex Brokers Serbia 2023

Marcus Taylor

Written by Marcus Taylor

December 27, 2022

Best Online Brokers for Serbia

Here are the best forex brokers accepting residents of Serbia 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.
  • IG
    - 9.9/10 Overall
  • XTB - 9/10 Overall
  • Swissquote - 8.7/10 Overall
  • AvaTrade - 8.6/10 Overall
  • XM Group - 8.4/10 Overall
  • Admiral Markets - 8.3/10 Overall
  • Markets.com - 8.2/10 Overall
  • Tickmill - 7.9/10 Overall
  • BlackBull Markets - 7.9/10 Overall
  • HFM - 7.7/10 Overall
  • HYCM (Henyep) - 7.7/10 Overall
  • ThinkMarkets - 7.4/10 Overall
  • easyMarkets - 7.3/10 Overall
  • AxiTrader - 7.1/10 Overall
  • FXPrimus - 6.9/10 Overall
Overall Rating
9.9 / 10
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 - Standard0.86 (September 2022)
All-in Cost EUR/USD - Active0.5957 (September 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1974
Publicly Traded (Listed)Yes
BankYes
Tier-1 Licenses7
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)19537
Forex Pairs (Total)100
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)33
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes
Overall Rating
9 / 10
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 - Standard1.07 (Q3 2022)
All-in Cost EUR/USD - Active1.04 (Q3 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2002
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses1
Tier-2 Licenses3
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)12000
Forex Pairs (Total)49
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)39
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes
Overall Rating
8.7 / 10
Minimum Initial Deposit
$1000
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 - StandardN/A
All-in Cost EUR/USD - ActiveN/A
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1996
Publicly Traded (Listed)Yes
BankYes
Tier-1 Licenses4
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)466
Forex Pairs (Total)78
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)49
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes
Overall Rating
8.6 / 10
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 - Standard0.91 (Aug 2020)
All-in Cost EUR/USD - Active0.61 (Aug 2020)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2006
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses4
Tier-2 Licenses3
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)1260
Forex Pairs (Total)55
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)90
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes
Overall Rating
8.4 / 10
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 - Standard1.6 (Aug 2020)
All-in Cost EUR/USD - Active0.8 (Aug 2021)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2009
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)1372
Forex Pairs (Total)57
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes
Overall Rating
8.3 / 10
Minimum Initial Deposit
$100
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 - Standard0.8 (July 2021)
All-in Cost EUR/USD - Active0.7 (July 2021)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2001
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)8425
Forex Pairs (Total)50
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes
Overall Rating
8.2 / 10
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 - Standard1.9 (as of Oct 2019)
All-in Cost EUR/USD - Active1.9 (as of May 2019)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1999
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses2
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsNo
Tradeable Symbols (Total)2179
Forex Pairs (Total)57
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)89
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsNo
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes
Overall Rating
7.9 / 10
Minimum Initial Deposit
$100
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 - Standard0.51 (August 2022)
All-in Cost EUR/USD - Active0.31 (August 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2014
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses1
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)295
Forex Pairs (Total)62
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes
Overall Rating
7.9 / 10
Minimum Initial Deposit
$0
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 - Standard0.827 (August 2022)
All-in Cost EUR/USD - Active0.827 (August 2022)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2014
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses1
Tier-2 Licenses0
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)26000
Forex Pairs (Total)72
BitcoinNo
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsNo
Daily Market CommentaryYes
Forex News (Top-Tier Sources)No
Economic CalendarYes

Here are some additional brokers worth looking at.

AvaTrade

Traders from Serbia have access to the products and services provided by AvaTrade through the subsidiary company, AVA Trade EU Ltd, which is authorized and regulated by the Central Bank of Ireland. AvaTrade is also internationally regulated by the BVI Financial Services Commission. This award-winning, global firm is one of the leading online brokers available to traders in Serbia. Although the website is not available in Serbian, there is a Hungarian language website, a dedicated Romanian language version, and an English version.

AvaTrade offers various platforms to customers, including their own AvaTradeAct, AvaTradeGO, and industry-standard, MT4. The platforms can be used on a variety of devices, including desktops, mobile phones, and tablets. Through these platforms, clients can access over 250 financial instruments across markets such as indices, shares, stocks, bonds, Forex, and cryptocurrencies. The latter are either traded as foreign exchange pairs, against other currencies, or as contracts for difference (CFDs).

The company’s website offers comprehensive educational tools for traders such as free eBooks, webinars, articles, educational videos, and market indicators. They recently launched SharpTrader, which is a hub for trader resources, available in 8 languages, including English and German.

The two globally accepted payment methods are credit/debit cards, with a minimum deposit amount of EUR/USD/GBP/AUD 100, or wire transfer with a minimum deposit amount of EUR/USD/GBP/AUD 500.

A free 21-day AvaTrade demo account with virtual currency is available for traders to hone their trading skills. This period may be extended upon request.

XTB

XTB is an internationally renowned provider of brokerage services. In 2002, they established their presence in Poland, introducing the first leveraged Forex trading service in the region. They continued to expand over the subsequent years, spreading throughout Europe. Within just a few years, the Group had already been presented with a ‘Best broker in Europe’ award from the Money Markets Journal. Their services eventually were made available to Latin America and the rest of the world, with their international head office based in Belize. The XTB Group are subject to numerous regulatory regimes from some of the world’s most prominent financial authorities, and therefore demonstrates its commitment to putting the client at the forefront of its operations. To reaffirm this, XTB also offers each individual client access to a personal account manager, and aims to help clients get the most from their trading account.

On offer from XTB are two of the most powerful trading platforms in the industry. MT4 is widely used around the world and is well known amongst traders and brokers. Their own award-winning trading platform comes with many advanced features that can help traders to make more informed choices about their trades. These include technical indicators such as Moving Averages and RS, charting tools that enable clients to place trades directly from within their charts, information about the latest market insights, bulk order closing facilities, and a handy trading calculator.

Clients from Serbia can access the international version of the website, which is in English and allows them to open one of two different accounts: a Standard Account or a Pro Account. The main differences include commissions charged and spreads.

Once in the XTB platform, clients can change the settings to reflect the most appropriate language for them. The languages include English, French, Italian, Chinese, Polish, German, and Spanish, amongst others.

BrokerNotes.co 2023 Overall Rankings

To recap, here are our top forex brokers for 2023, sorted by Overall ranking.

Company Accepts RS Residents Overall Rating Minimum Initial Deposit Average Spread EUR/USD - Standard Trust Score Trust Score Tradeable Symbols (Total) Visit Site
IG logoIG check 9.9 £250.00 0.86 (September 2022) 99 Highly Trusted 19537 Visit Site
Saxo Bank logoSaxo Bank check 9.7 €2,000 0.9 (September 2022) 99 Highly Trusted 60000
Interactive Brokers logoInteractive Brokers check 9.7 $0 0.6 (Aug 2022) 99 Highly Trusted 8500
CMC Markets logoCMC Markets check 9.6 $0 0.51 (August 2022) 99 Highly Trusted 12377
TD Ameritrade logoTD Ameritrade check 9.5 $0 1.25 pips (September 2022) 99 Highly Trusted 0
FOREX.com logoFOREX.com check 9.3 $100 1.0 (July 2022) 99 Highly Trusted 5500 Visit Site
City Index logoCity Index check 9.2 £100.00 1.0 (July 2022) 99 Highly Trusted 13500
XTB logoXTB check 9 $0 1.07 (Q3 2022) 95 Highly Trusted 12000
eToro logoeToro check 8.8 $10-$10,000 1 (August 2021) 93 Highly Trusted 3458
Swissquote logoSwissquote check 8.7 $1000 N/A 99 Highly Trusted 466
AvaTrade logoAvaTrade check 8.6 $100 0.91 (Aug 2020) 93 Highly Trusted 1260
FXCM logoFXCM check 8.5 Starts from $50 1.38 (Q2 2022) 96 Highly Trusted 441
Plus500 logoPlus500 check 8.5 €100 0.6 (as of Aug 2018) 98 Highly Trusted 2800
Capital.com logoCapital.com check 8.4 $20 0.6 (July 2021) 77 Average Risk 6000
XM Group logoXM Group check 8.4 $5 1.6 (Aug 2020) 90 Trusted 1372
Pepperstone logoPepperstone check 8.4 $200 0.77 (September 2022) 93 Highly Trusted 1200
OANDA logoOANDA check 8.4 $0 1.26 (5/22-5/27/22) 92 Highly Trusted 124
Admiral Markets logoAdmiral Markets check 8.3 $100 0.8 (July 2021) 87 Trusted 8425
FP Markets logoFP Markets check 8.3 $100 AUD 1.2 (August 2022) 86 Trusted 10000
IC Markets logoIC Markets check 8.2 $200 0.62 (August 2022) 86 Trusted 3583
Markets.com logoMarkets.com check 8.2 $100 1.9 (as of Oct 2019) 98 Highly Trusted 2179
FxPro logoFxPro check 8.1 $100 1.51 (August 2020) 90 Highly Trusted 2249
Fineco Bank logoFineco Bank check 7.9 $0 N/A 92 Highly Trusted 126
Tickmill logoTickmill check 7.9 $100 0.51 (August 2022) 82 Trusted 295
BlackBull Markets logoBlackBull Markets check 7.9 $0 0.827 (August 2022) 74 Average Risk 26000
DooPrime logoDooPrime check 7.8 $100 -1 84 Trusted 10000
BDSwiss logoBDSwiss check 7.8 $100-$5000 (depending on account type) 1.6 (08/10/22) 83 Trusted 1081
TMGM logoTMGM check 7.8 $100 0.96 (July 2021) 79 Average Risk 12000
HFM logoHFM check 7.7 $5 1.2 (August 2021) 85 Trusted 3500
FlowBank logoFlowBank check 7.7 $0.00 N/A 77 Average Risk 408600
HYCM (Henyep) logoHYCM (Henyep) check 7.7 $100 0.6 (Sept 2021) 86 Trusted 245
Vantage logoVantage check 7.7 $50 1.22 (August 2021) 83 Trusted 1000
Trading 212 logoTrading 212 check 7.6 EUR 10 N/A 77 Average Risk 1785
Eightcap logoEightcap check 7.6 $100 1.0 (Aug 2022) 87 Trusted 326
Trade Nation logoTrade Nation check 7.5 $0 0.6 83 Trusted 601
Moneta Markets logoMoneta Markets check 7.5 $50 1.27 (September 2022) 71 Average Risk 965
ThinkMarkets logoThinkMarkets check 7.4 $250.00 N/A 86 Trusted 1674
VT Markets logoVT Markets check 7.4 $200 1.2 (September 2021) 71 Average Risk 168
ACY Securities logoACY Securities check 7.4 $50 1.2 (Sept 2021) 75 Average Risk 1600
easyMarkets logoeasyMarkets check 7.3 $100 0.9 (as of Mar 2020) 84 Trusted 199
RoboForex (RoboMarkets) logoRoboForex (RoboMarkets) check 7.3 $100 1.4 (Jan 2022) 69 High Risk 12000
IronFX logoIronFX check 7.2 $50 1.2 84 Trusted 340
Exness logoExness check 7.2 $1 0.9 (as of May 19) 74 Average Risk 112
Spreadex logoSpreadex check 7.2 $0 -1 70 Average Risk 2000
Trade360 logoTrade360 check 7.1 $250 N/A 75 Average Risk 1062
AxiTrader logoAxiTrader check 7.1 0 N/A 83 Trusted 175
GKFX logoGKFX check 7.1 $0 N/A 66 High Risk 354
Vestle logoVestle check 7.1 -1 -1 79 Average Risk 750
OctaFX logoOctaFX check 7 $25 0.6 (August 2021) 67 High Risk 80
FXOpen logoFXOpen check 7 $100 N/A 80 Trusted 87
TeleTrade logoTeleTrade check 7 $100 -1 67 High Risk 500
FXPrimus logoFXPrimus check 6.9 $100 N/A 69 High Risk 140
Forex4you logoForex4you check 6.9 $0 -1 62 High Risk 150
LegacyFX logoLegacyFX check 6.9 $500 0 75 Average Risk 425
GBE brokers logoGBE brokers check 6.8 $500 -1 69 High Risk 500
Alpari logoAlpari check 6.8 $20 N/A 67 High Risk 105
TopFX logoTopFX check 6.7 Depends on payment method N/A 67 High Risk 655
Libertex (Forex Club) logoLibertex (Forex Club) check 6.7 $10 -1 72 Average Risk 300
ATFX logoATFX check 6.6 $500 -1 70 Average Risk 150
UFX logoUFX check 6.6 $100 3 (Jan 2021) 67 High Risk 619
Xtrade logoXtrade check 6.5 $250 -1 80 Trusted 142
Tradeo logoTradeo check 6.4 $200 -1 67 High Risk 256

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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
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.


Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure.

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