Best Forex Brokers in Austria

This comprehensive guide aims to help you choose the best forex brokers in Austria, leaving you to focus on being profitable in the forex markets.

Ranking Methodology: While assessing hundreds of forex brokers across the globe, and ranking the best forex brokers in Austria, some of the critical factors which influenced our judgments include; regulatory compliance and safety, trading fees (spreads, commissions, and overnight fees), non-trading fees, base currencies offered, payment methods, product offering, execution model, execution speed, assets, trading platforms, research, education, and customer support service.

5 Best Forex Brokers in Austria

Following our in-depth review and ranking methodology, here are the best forex brokers in Austria;

  1. IG
  2. IC Markets 
  3. CMC Markets
  4. Admirals
  5. Capital.com

1. IG

IG sm wp

IG is a highly reputable global online broker and one of the largest CFD providers in the world in terms of revenue and trade volume. It was established in 1974 by IG Group plc, a publicly-traded company on the London Stock Exchange and a constituent of the FTSE 250 Index.

IG offers spread betting, stockbroking, and CFD trading across a wide variety of global markets, including forex, shares, indices, commodities, cryptocurrencies, options, bonds, interest rates, sectors, and ETFs with over 18,000+ instruments to trade.

Along with access to a wide array of global markets, you can also enjoy exceptional brokerage services such as deep liquidity, superior trade execution, volume-based rebates, sophisticated trading platforms, expert customer support service, and much more.

IG’s ease of use, advanced trading tools, range of markets, research, and rich education offering, make it an excellent broker for both beginner and professional traders. Also, active and high-volume traders are welcomed with exceptional trading conditions and volume-based rebates, which can help keep trading costs down.

IG Overview

BrokerIG
Regulation CFTC, FCA, ASIC, FCA, FINMA, FMA, MAS, FSA, FSCA, DFSA, and BMA.
Forex Pairs81 Currency Pairs
Trading PlatformsProRealTime, L2 Dealer, MetaTrader 4
Minimum Deposit$300
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:222
1:30 (for ESMA clients)
Account CurrenciesUSD, GBP, AUD, EUR, SGD, HKD.
Payment MethodsBank Wire Transfer, Credit/Debit Cards, Paypal
Trading ToolsAPIs, Virtual Private Server (VPS)

Pros

  • Strong regulatory framework.
  • It is listed on the stock exchange.
  • 45+ years of industry experience.
  • 313,000+ clients worldwide.
  • Deep liquidity.
  • Volume-based rebates for high-volume traders.
  • No minimum deposit for bank transfers.
  • Industry-standard trading platforms.
  • Low forex trading fee
  • Excellent educational offering for beginner, intermediate and advanced traders.
  • Outstanding research offering.
  • Excellent customer support service.

Cons

  • Inactivity fee charged (after two years of inactivity).
  • No copy/ social trading platform.

2. IC Markets

IC Markets is a leading global online broker and one of the world’s largest forex providers by trade volume, with over 29 Billion USD in FX trades processed daily. It offers CFDs on various global markets, including forex, stocks, commodities, indices, cryptocurrencies, bonds, and futures, with over 2250+ instruments to trade.

With IC Markets, you can enjoy a plethora of top-notch trading services, including transparent pricing, low trading & non-trading fees, consistent ultra-low spreads from 0.0 pips, fast trade executions, low slippage, deep liquidity, advanced trading platforms & tools, and 24/7 customer support service.

IC Market’s ease of use, and excellent trading conditions, make it a suitable broker for traders of all experience levels. IC Markets also provides adequate support for various trading strategies, such as hedging, scalping, and algorithmic trading. Likewise, Its unique trading conditions, such as ultra-low trading fees, fast execution, and deep liquidity, make it an excellent choice for active and high-volume traders.

VISIT IC MARKETS →

IC Markets Overview

BrokerIC Markets
Regulation ASIC, FSA, and CySEC.
Forex Pairs61 Currency Pairs
Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader
Minimum Deposit$200 or currency equivalent.
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesAUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF.
Payment MethodsCredit and debit cards, Paypal, Neteller, Neteller VIP, Skrill, UnionPay, Wire Transfer, Bpay, FasaPay, Broker to Broker, POLI, Rapidpay, Thai internet banking, Vietnamese internet banking
Trading ToolsVirtual Private Server (VPS), Trading Servers, MT4 Advanced Trading Tools

Pros

  • Quick account setup.
  • Strong regulatory framework.
  • Over 180,000+ clients across 190 countries worldwide.
  • Multiple industry standard trading platforms in web, mobile and desktop versions.
  • Deep liquidity.
  • Over 61 currency pairs to trade, including major, minor and exotic currency pairs.
  • Flexible leverage (up to 1:500).
  • Fast trade execution.
  • Supports all trading styles and strategies.
  • Offers swap-free account.
  • Low trading fees across all account types.
  • Ultra-low spreads from 0.0 pips on IC Markets’ Raw Spread accounts.
  • Multiple fast and secure payment methods.
  • The demo account has an unlimited usage duration.
  • No inactivity fee is charged.
  • Excellent customer support service.

Cons

  • Its product offering is limited to forex and CFDs.
  • No proprietary trading platform is offered.

3. CMC Markets

CMC Markets

CMC Markets is a global Forex and CFD provider established in 1989 by CMC Group, a publicly-traded company listed on the London Stock Exchange and a constituent of the FTSE 250 Index.

CMC Markets offers forex, CFDs, and spread betting across a wide variety of global markets, including forex, indices, commodities, shares, ETFs, cryptocurrencies, and treasuries, with access to over 11,000+ instruments.

With more than 30 years of industry experience, CMC continues to offer its rapidly growing client base various unique trading solutions, such as advanced trading platforms, competitive pricing, superior order execution, and excellent customer support service.

CMC Markets offers a unique brokerage solution for beginner and professional traders. You would benefit from CMCs’ emphasis on ease of use, education, and excellent customer support service as a beginner. Experienced traders can also take advantage of its competitive pricing, higher leverage option, advanced trading platforms, and cash rebates.

CMC Markets Overview

BrokerCMC Markets
Regulation ASIC, IIROC, BaFin, MAS, FCA, FMA, DFSA
Forex Pairs300+
Trading PlatformsNext Generation platform, MetaTrader 4
Minimum Deposit$0
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesGBP, EUR, USD, AUS, CAD, NOK, NZD, PLN, SEK, SGD
Payment MethodsWire Transfer, Credit / Debit Cards, Electronic Payments.
Trading ToolsFIX API, Virtual Private Server (VPS)

Pros

  • Strong regulatory framework.
  • Over 30+ years of industry experience
  • Great for beginners.
  • Trusted by over 300,000+ global clients.
  • Deep liquidity.
  • Over 330+ currency pairs, including major, minor and exotic pairs.
  • No minimum deposit.
  • Industry-standard trading platforms in web, mobile and desktop versions.
  • Fast order execution.
  • Fast and secure payment methods.
  • Excellent customer support service.

Cons

  • Its product offering is limited to only CFDs.
  • Withdrawal fee charged for international bank transfer.

4. Admirals

Admirals

Admirals is a leading forex and CFD provider established in 2001 by the Admiral Group. It offers over 8000+ instruments across various global markets, including forex, commodities, indices, stocks, ETFs, and bonds.

Along with access to over 8000+ instruments, traders can also enjoy several other exceptional trading services such as deep liquidity, superior order execution, industry-standard trading platforms, competitive spreads from 0.0 pips, multiple fast & secure payment methods, impressive educational and research offerings, and an excellent customer support service.

Admirals is a suitable broker for both beginner and professional traders. It is also ideal for traders who enjoy using the MetaTrader trading terminal and all that it offers because it offers multiple MetaTrader-themed account types, which enables traders to choose a MetaTrader account type that best suits their trading needs.

VISIT ADMIRALS →

Admirals Overview

BrokerAdmirals
Regulation FCA, EFSA, JSC, CySEC and AFSL.
Forex Pairs50 Currency Pairs
Trading PlatformsMetaTrader Web Trader, MetaTrader 4, MetaTrader 5
Minimum Deposit$100 or currency equivalent.
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesEUR, USD, AUD, BGN, CHF, CZK, GBP, HRK, HUF, NOK, PLN, RON, RUB, SEK, CNY, SGD, CLP, IDR, MYR, THB, VND
Payment MethodsBank Transfer, Credit/ Debit Cards, Paypal, Klarna, Skrill, Neteller, SafetyPay, Przelewy, iBank & BankLink, iDeal
Trading ToolsMetaTrader Supreme Edition, StereoTrader, Virtual Private Server, Parallels for Mac

Pros

  • Strong regulatory framework.
  • Great for beginners.
  • Deep liquidity.
  • Industry-standard trading platforms in web, mobile and desktop versions.
  • Multiple account types with excellent trading conditions.
  • Wide range of asset classes.
  • Competitive spreads and low commissions.
  • Supports all trading styles and strategies.
  • Multiple fast and secure payment methods.
  • Fast order execution.
  • Transparent fee structure with no hidden charges.
  • Offers Isalmic swap-free account.
  • Outstanding education offering.
  • Excellent customer support service.

Cons

  • The demo account is available for only 30 days.

5. Capital.com

Capital.com

Capital.com is a cutting-edge global online broker which offers CFDs across various asset classes, including indices, commodities, shares, ETFs, and cryptocurrencies, with over 6000+ instruments to trade.

Some outstanding benefits traders can enjoy with Capital.com include deep liquidity, low trading fee, tight spreads with zero commissions, fast order execution, industry-standard trading platforms, and great customer support service.

Capital.com suits traders of all experience levels, including beginners and professionals. Also its low minimum deposit and low trading fee also make it a great choice for traders with low capital and those looking for low trading costs.

Capital.com Overview

BrokerCapital.com
Regulation ASIC (Australia), FCA (United Kingdom), CySEC (Europe), NBRB (Belarus)
Forex Pairs138
Trading PlatformsCapital.com Web Platform, MetaTrader 4, TradingView
Minimum Deposit$20
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesGBP, USD, EUR, PLN, AUD
Payment MethodsBank Wire Transfer, Visa, MasterCard, Skrill, Neteller, iDeal, Giropay, Przelewy24, QIWI, WebMoney, Trustly, Worldpay, and AstroPay

Pros

  • Strong regulatory framework.
  • Easy account registration process.
  • Low minimum deposit (from $20).
  • Deep liquidity.
  • Fast order execution.
  • Industry-standard trading platforms in mobile, web, and desktop versions.
  • Zero commissions.
  • Free quality trading education, including online courses, guides, and webinars.
  • Unlimited demo account duration.
  • Great customer support service.

Cons

  • MetaTrader 5 is not available.