Best Forex Brokers in Finland (2022)

5 Best Forex Brokers in Finland

If you are looking for the best forex broker in Finland, you’ve come to the right place. Forex trading is perfectly legal in this country, but be aware that all European Union member states are under ESMA’s jurisdiction. This means that the maximum leverage available in Europe is 1:30. In return, you get negative balance protection and you are guaranteed that you cannot lose more money than you have deposited. If you are interested in any of the brokers listed below, you can open a free demo account by going to the broker’s website.

Quick Pick:

Best Trading Platform: XTB

Best for Low Budget: IQ Option

Best for Copy Trading: eToro

Trader’s Choice: AvaTrade

Best for VIP Traders: Naga Markets

	Best Forex brokers in Finland
	The broker was established in 2002 so he is very experienced. Over the years, the broker has developed its xStation trading platform, which includes a lot of functionalities and is very easy to use. Particularly noteworthy is the XTB app, which is light and gives you access to most of the functions found in the browser version. Regulation: Yes, KNF Leverage: 1:30 Average Spreads: 0,9 pips (on EUR/USD) Minimum Deposit: $0 ($400 Recommended) Minimum Trade: $30 (on EUR/USD)	Visit Broker
	IQ Option was established in 2013 as a binary options broker which gained popularity very quickly. After the binary options ban in the European Union, the broker added classic forex to its offer. IQ Option is not a typical forex broker and offers its clients a lot of simplifications targeting beginner traders. The minimum deposit with this broker is just $10 and the minimum investment is only $5 Regulation: Yes, CySEC Leverage: 1:30 Average Spreads: 1,5 pips (on EUR/USD) Minimum Deposit: $10 ($300 Recommended) Minimum Trade: $5 (on EUR/USD)	Visit Broker
	eToro is a very popular forex broker that was established in 2007 in Israel. The broker quickly gained popularity and currently over 13 million clients benefit from its services. eToro puts a lot of emphasis on Copy Trading, which allows a user-friendly way to copy top traders. According to the broker, for 2021, the average trader's profit was as much as 30%. Regulation: Yes, FCA Leverage: 1:30 Average Spreads: 1,1 pips (on EUR/USD) Minimum Deposit: $200 ($300 Recommended) Minimum Trade: $30 (on EUR/USD)	Visit Broker
	AvaTrade is an experienced forex broker that was founded in 2006 and currently has over 300,000 clients who make over 3 million trades each month. The broker has branches in 11 countries around the world. AvaTrade is regulated by Central Bank of Ireland and is a member of Investor Compensation Company DAC (ICCL) Regulation: Yes, FCA Leverage: 1:30 Average Spreads: 0,89 pips (on EUR/USD) Minimum Deposit: $100 ($300 Recommended) Minimum Trade: $30 (on EUR/USD)	Visit Broker
	The platform was established in 2015 and in just 6 years it gained over a million customers. Naga offers a proprietary trading platform that allows Copy Trading. If you are a supporter of old and proven solutions, you can use Meta Trader 4/5. In theory, the broker does not have a minimum deposit, but in practice, the larger the deposit you make, the better conditions you will get. Regulation: Yes, CySEC Leverage: 1:30 Average Spreads: 0,7 - 1,7 pips (on EUR/USD) Minimum Deposit: $0 ($300 Recommended) Minimum Trade: $30 (on EUR/USD)	Visit Broker

As you can see, there is a lot to choose from. We have divided brokers into categories so that you can choose a platform that is perfectly suited to your needs. If you are looking for a broker with the best trading platform and a great mobile app, choose XTB. If you are a beginner and are looking for a broker that will allow you to open positions for the lowest possible amount, choose IQ Option. If you care about Copy Trading then eToro will be your best choice. If you are interested in a broker with the highest user rating, check out AvaTrade, which scored 4.8 on Trustpilot. And if you plan to make a large deposit, choose Naga Markets, which offers the best possible conditions for VIP clients.

XTB

XTB is a very popular forex broker that is listed on the Warsaw Stock Exchange. The broker was established in 2002 so he is very experienced. Over the years, the broker has developed its xStation trading platform, which includes a lot of functionalities and is very easy to use. Particularly noteworthy is the XTB app, which is light and gives you access to most of the functions found in the browser version. XTB has a great “education” tab, where you will find over 200 guides and webiners prepared by experts from the forex industry. XTB is a great broker that is suitable for both beginners and advanced traders. In recent years, the brand has been promoted by such personalities as Jose Mourinho and Mads Mikklesen.

• Regulation: Yes, KNF
• Leverage: 1:30
• Average Spreads: 0,9 pips (on EUR/USD)
• Minimum Deposit: $0 ($400 Recommended)
• Minimum Trade: $30 (on EUR/USD)
• Bonus: None
• Assets: Commodities, Crypto, Forex, Indices, Stocks, ETFs
• MetaTrader 4/5: No
• Mobile Trading: Yes, Android & iOS
• Withdrawal Processing: 24 Hours
• Copy Trading: No
• Tradeable Symbols (Total) : +10 000 assets
• Demo Account: Yes
• Finnish Traders: Accepted

IQ Option

IQ Option was established in 2013 as a binary options broker which gained popularity very quickly. After the binary options ban in the European Union, the broker added classic forex to its offer. IQ Option is not a typical forex broker and offers its clients a lot of simplifications targeting beginner traders. The minimum deposit with this broker is just $10 and the minimum investment is only $5. IQ Option has a very modern trading platform with an integrated economic calendar. The broker offers access to many analytical tools and a large database of indicators. IQ Option is regulated by CySEC, which means that the money deposited by you is completely safe.

• Regulation: Yes, CySEC
• Leverage: 1:30
• Average Spreads: 1,5 pips (on EUR/USD)
• Minimum Deposit: $10 ($200 Recommended)
• Minimum Trade: $5 (on EUR/USD)
• Bonus: None
• Assets: Commodities, Crypto, Forex, Indices, Stocks, ETFs
• MetaTrader 4/5: No
• Mobile Trading: Yes, Android & iOS
• Withdrawal Processing: 24 Hours
• Copy Trading: No
• Tradeable Symbols (Total) : +400 assets
• Demo Account: Yes
• Finnish Traders: Accepted

eToro

eToro is a very popular forex broker that was established in 2007 in Israel. The broker quickly gained popularity and currently over 13 million clients benefit from its services. eToro puts a lot of emphasis on Copy Trading, which allows a user-friendly way to copy top traders. According to the broker, for 2021, the average trader’s profit was as much as 30%. The broker boasts that he does not charge any commission for trading stocks and ETFs – theoretically this is true, but in practice the broker has increased spreads, so it may not charge a commission directly, but it hides it in the difference between the buy and sell rates. eToro is regulated in many places around the world, but mainly in the UK by the FCA.

• Regulation: Yes, FCA
• Leverage: 1:30
• Average Spreads: 1,1 pips (on EUR/USD)
• Minimum Deposit: $20-$200 ($400 Recommended)
• Minimum Trade: $33 (on EUR/USD)
• Bonus: None
• Assets: Commodities, Crypto, Forex, Indices, Stocks, ETFs
• MetaTrader 4/5: No
• Mobile Trading: Yes, Android & iOS
• Withdrawal Processing: 24 Hours
• Copy Trading: Yes
• Tradeable Symbols (Total) : +4000 assets
• Demo Account: Yes
• Finnish Traders: Accepted

AvaTrade

AvaTrade is an experienced forex broker that was founded in 2006 and currently has over 300,000 clients who make over 3 million trades each month. The broker has branches in 11 countries around the world. AvaTrade is regulated by Central Bank of Ireland and is a member of Investor Compensation Company DAC (ICCL), which provides eligible clients up to EUR 20,000 of maximum reimbursement in the extraordinary event of their broker’s insolvency. The broker offers the proprietary AvaTradeGo and AvaOptions platforms. You can also choose from classic solutions such as Meta Trader 4 and Meta Trader 5, which allow you to upload many indicators, strategies and numerous tools.

• Regulation: Yes, FCA
• Leverage: 1:30
• Average Spreads: 0,89 pips (on EUR/USD)
• Minimum Deposit: $100 ($300 Recommended)
• Minimum Trade: $30 (on EUR/USD)
• Bonus: None
• Assets: Commodities, Crypto, Forex, Indices, Stocks, ETFs
• MetaTrader 4/5: Yes
• Mobile Trading: Yes, Android & iOS
• Withdrawal Processing: 48 Hours
• Copy Trading: No
• Tradeable Symbols (Total) : +1300 assets
• Demo Account: Yes
• Finnish Traders: Accepted

Naga Markets

Naga Markets is the youngest broker on our list. The platform was established in 2015 and in just 6 years it gained over a million customers. Naga offers a proprietary trading platform that allows Copy Trading. If you are a supporter of old and proven solutions, you can use Meta Trader 4/5. In theory, the broker does not have a minimum deposit, but in practice, the larger the deposit you make, the better conditions you will get. If you make a deposit up to $2500 your average spread will be 1.7 pips. And if you deposit $100,000 the average spread will drop to just 0.7 pips. Therefore, we recommend this broker primarily to people who plan to make a large deposit because only then will Naga Markets be more profitable than the other platforms mentioned.

• Regulation: Yes, CySEC
• Leverage: 1:30
• Average Spreads: 0,7 – 1,7 pips (on EUR/USD)
• Minimum Deposit: $0 ($300 Recommended)
• Minimum Trade: $30 (on EUR/USD)
• Bonus: None
• Assets: Commodities, Crypto, Forex, Indices, Stocks, ETFs
• MetaTrader 4/5: Yes
• Mobile Trading: Yes, Android & iOS
• Withdrawal Processing: 48 Hours
• Copy Trading: Yes
• Tradeable Symbols (Total) : +1300 assets
• Demo Account: Yes
• Finnish Traders: Accepted

Conclusion

As you can see, there is a lot to choose from. All exchanged brokers are subject to the European ESMA jury, which in 2018 limited the leverage to a maximum of 1:30 and forced brokers to use a hedge against a negative balance. When opening an account with any broker on this list, you must pass a short knowledge test and determine the origin of your assets – also required by ESMA’s anti-money laundering regulations. If you want to open a demo account, just go to the broker’s website and register. In some cases, the demo account is not indefinite and will expire after several weeks or months. However, remember that on request you can always renew your demo account and keep trying your hand at virtual money.