Best Forex Brokers Serbia 2023

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

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(77% of retail CFD accounts lose money)

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 - 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

Regulationexpand_moreexpand_less

Year Founded	1974
Publicly Traded (Listed)	Yes
Bank	Yes
Tier-1 Licenses	7
Tier-2 Licenses	2

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	19537
Forex Pairs (Total)	100
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	No
Proprietary Platform	Yes
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	33

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

Overall Rating

9 / 10

Minimum Initial Deposit

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

Regulationexpand_moreexpand_less

Year Founded	2002
Publicly Traded (Listed)	Yes
Bank	No
Tier-1 Licenses	1
Tier-2 Licenses	3

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	12000
Forex Pairs (Total)	49
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	No
Proprietary Platform	Yes
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	39

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

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 - Standard	N/A
All-in Cost EUR/USD - Active	N/A
PayPal (Deposit/Withdraw)	Yes
Skrill (Deposit/Withdraw)	Yes
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	1996
Publicly Traded (Listed)	Yes
Bank	Yes
Tier-1 Licenses	4
Tier-2 Licenses	1

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	466
Forex Pairs (Total)	78
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	Yes
Proprietary Platform	Yes
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	49

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

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 - 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

Regulationexpand_moreexpand_less

Year Founded	2006
Publicly Traded (Listed)	No
Bank	No
Tier-1 Licenses	4
Tier-2 Licenses	3

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	1260
Forex Pairs (Total)	55
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	Yes
Proprietary Platform	Yes
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	90

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

Overall Rating

8.4 / 10

Minimum Initial Deposit

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

Regulationexpand_moreexpand_less

Year Founded	2009
Publicly Traded (Listed)	No
Bank	No
Tier-1 Licenses	2
Tier-2 Licenses	1

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	1372
Forex Pairs (Total)	57
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	Yes
Proprietary Platform	No
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	30

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

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 - Standard	0.8 (July 2021)
All-in Cost EUR/USD - Active	0.7 (July 2021)
PayPal (Deposit/Withdraw)	Yes
Skrill (Deposit/Withdraw)	Yes
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	2001
Publicly Traded (Listed)	No
Bank	No
Tier-1 Licenses	2
Tier-2 Licenses	1

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	8425
Forex Pairs (Total)	50
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	Yes
Proprietary Platform	Yes
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	30

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

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 - Standard	1.9 (as of Oct 2019)
All-in Cost EUR/USD - Active	1.9 (as of May 2019)
PayPal (Deposit/Withdraw)	No
Skrill (Deposit/Withdraw)	Yes
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	1999
Publicly Traded (Listed)	Yes
Bank	No
Tier-1 Licenses	2
Tier-2 Licenses	2

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	No
Tradeable Symbols (Total)	2179
Forex Pairs (Total)	57
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	Yes
Proprietary Platform	Yes
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	89

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	No
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

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 - Standard	0.51 (August 2022)
All-in Cost EUR/USD - Active	0.31 (August 2022)
PayPal (Deposit/Withdraw)	Yes
Skrill (Deposit/Withdraw)	Yes
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	2014
Publicly Traded (Listed)	No
Bank	No
Tier-1 Licenses	1
Tier-2 Licenses	2

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	295
Forex Pairs (Total)	62
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	Yes
Proprietary Platform	No
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	30

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

Overall Rating

7.9 / 10

Minimum Initial Deposit

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	0.827 (August 2022)
All-in Cost EUR/USD - Active	0.827 (August 2022)
PayPal (Deposit/Withdraw)	No
Skrill (Deposit/Withdraw)	Yes
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	2014
Publicly Traded (Listed)	No
Bank	No
Tier-1 Licenses	1
Tier-2 Licenses	0

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	26000
Forex Pairs (Total)	72
Bitcoin	No

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	Yes
Proprietary Platform	No
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	30

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	No
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	No
Economic Calendar	Yes

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	check	9.9	£250.00	0.86 (September 2022)	99	Highly Trusted	19537	Visit Site
Saxo Bank	check	9.7	€2,000	0.9 (September 2022)	99	Highly Trusted	60000
Interactive Brokers	check	9.7	$0	0.6 (Aug 2022)	99	Highly Trusted	8500
CMC Markets	check	9.6	$0	0.51 (August 2022)	99	Highly Trusted	12377
TD Ameritrade	check	9.5	$0	1.25 pips (September 2022)	99	Highly Trusted	0
FOREX.com	check	9.3	$100	1.0 (July 2022)	99	Highly Trusted	5500	Visit Site
City Index	check	9.2	£100.00	1.0 (July 2022)	99	Highly Trusted	13500
XTB	check	9	$0	1.07 (Q3 2022)	95	Highly Trusted	12000
eToro	check	8.8	$10-$10,000	1 (August 2021)	93	Highly Trusted	3458
Swissquote	check	8.7	$1000	N/A	99	Highly Trusted	466
AvaTrade	check	8.6	$100	0.91 (Aug 2020)	93	Highly Trusted	1260
FXCM	check	8.5	Starts from $50	1.38 (Q2 2022)	96	Highly Trusted	441
Plus500	check	8.5	€100	0.6 (as of Aug 2018)	98	Highly Trusted	2800
Capital.com	check	8.4	$20	0.6 (July 2021)	77	Average Risk	6000
XM Group	check	8.4	$5	1.6 (Aug 2020)	90	Trusted	1372
Pepperstone	check	8.4	$200	0.77 (September 2022)	93	Highly Trusted	1200
OANDA	check	8.4	$0	1.26 (5/22-5/27/22)	92	Highly Trusted	124
Admiral Markets	check	8.3	$100	0.8 (July 2021)	87	Trusted	8425
FP Markets	check	8.3	$100 AUD	1.2 (August 2022)	86	Trusted	10000
IC Markets	check	8.2	$200	0.62 (August 2022)	86	Trusted	3583
Markets.com	check	8.2	$100	1.9 (as of Oct 2019)	98	Highly Trusted	2179
FxPro	check	8.1	$100	1.51 (August 2020)	90	Highly Trusted	2249
Fineco Bank	check	7.9	$0	N/A	92	Highly Trusted	126
Tickmill	check	7.9	$100	0.51 (August 2022)	82	Trusted	295
BlackBull Markets	check	7.9	$0	0.827 (August 2022)	74	Average Risk	26000
DooPrime	check	7.8	$100	-1	84	Trusted	10000
BDSwiss	check	7.8	$100-$5000 (depending on account type)	1.6 (08/10/22)	83	Trusted	1081
TMGM	check	7.8	$100	0.96 (July 2021)	79	Average Risk	12000
HFM	check	7.7	$5	1.2 (August 2021)	85	Trusted	3500
FlowBank	check	7.7	$0.00	N/A	77	Average Risk	408600
HYCM (Henyep)	check	7.7	$100	0.6 (Sept 2021)	86	Trusted	245
Vantage	check	7.7	$50	1.22 (August 2021)	83	Trusted	1000
Trading 212	check	7.6	EUR 10	N/A	77	Average Risk	1785
Eightcap	check	7.6	$100	1.0 (Aug 2022)	87	Trusted	326
Trade Nation	check	7.5	$0	0.6	83	Trusted	601
Moneta Markets	check	7.5	$50	1.27 (September 2022)	71	Average Risk	965
ThinkMarkets	check	7.4	$250.00	N/A	86	Trusted	1674
VT Markets	check	7.4	$200	1.2 (September 2021)	71	Average Risk	168
ACY Securities	check	7.4	$50	1.2 (Sept 2021)	75	Average Risk	1600
easyMarkets	check	7.3	$100	0.9 (as of Mar 2020)	84	Trusted	199
RoboForex (RoboMarkets)	check	7.3	$100	1.4 (Jan 2022)	69	High Risk	12000
IronFX	check	7.2	$50	1.2	84	Trusted	340
Exness	check	7.2	$1	0.9 (as of May 19)	74	Average Risk	112
Spreadex	check	7.2	$0	-1	70	Average Risk	2000
Trade360	check	7.1	$250	N/A	75	Average Risk	1062
AxiTrader	check	7.1	0	N/A	83	Trusted	175
GKFX	check	7.1	$0	N/A	66	High Risk	354
Vestle	check	7.1	-1	-1	79	Average Risk	750
OctaFX	check	7	$25	0.6 (August 2021)	67	High Risk	80
FXOpen	check	7	$100	N/A	80	Trusted	87
TeleTrade	check	7	$100	-1	67	High Risk	500
FXPrimus	check	6.9	$100	N/A	69	High Risk	140
Forex4you	check	6.9	$0	-1	62	High Risk	150
LegacyFX	check	6.9	$500	0	75	Average Risk	425
GBE brokers	check	6.8	$500	-1	69	High Risk	500
Alpari	check	6.8	$20	N/A	67	High Risk	105
TopFX	check	6.7	Depends on payment method	N/A	67	High Risk	655
Libertex (Forex Club)	check	6.7	$10	-1	72	Average Risk	300
ATFX	check	6.6	$500	-1	70	Average Risk	150
UFX	check	6.6	$100	3 (Jan 2021)	67	High Risk	619
Xtrade	check	6.5	$250	-1	80	Trusted	142
Tradeo	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

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.