5 Best Forex Brokers In Portugal 2022.

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

Best Forex Brokers in Portugal

IC Markets
XTB
IG
Forex.com
Admirals

1. IC Markets

IC Markets is a global leading online broker, as well as one of the largest forex providers (by trade volume) in the world. It offers forex and CFDs on a wide variety of global markets including, stocks, commodities, indices, cryptocurrencies, bonds and futures, with over 1780+ instruments to trade.

IC Markets offers an excellent trading solution suitable for beginner and professional traders, along with adequate support for all trading styles and strategies (such as scalping, hedging, algorithmic trading etc). In addition, all clients can enjoy a plethora of top-notch trading services, some of which includes; consistent ultra-low spreads from 0.0 pips, fast trade executions, deep liquidity, advanced trading platforms & tools, transparent pricing and low trading fees, and great customer support service available 24/7.

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IC Markets Overview

Broker	IC Markets
Regulation	ASIC (Austalia), FSA (Seychelles), CYSEC (Cyprus)
Forex Pairs	61
Trading Platforms	MetaTrader 4, MetaTrader 5, cTrader
Minimum Deposit	$200 (or currency equivalent.)
Demo Account	Available \| Open Demo Account
Maximum Leverage	1:500
Account Currencies	AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF.
Payment Methods	Bank Wire Transfer, Credit and debit cards, Paypal, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Rapidpay, Thai internet banking, Vietnamese internet banking.

Pros

Hassle-free account registration process.
Strong regulatory framework.
Over 180,000+ clients across 190 countries worldwide.
Strong global presecence and reputation among traders.
Deep liquidity.
Negative balance protection.
Clients funds are segregated.
Industry standard trading platforms available in web, mobile and desktop versions.
Provides support for algorithmic (such as Expert Advisors).
Over 61 currency pairs to trade including major, minor and exotic currency pairs.
Flexible leverage from 1:1 to 1:500.
Low latency and ultra-fast trade execution.
Supports all trading styles and strategies.
Low spreads (starting from 0.6 pips) with zero commissions on the standard account.
Ultra-low spreads from 0.0 pips on IC Markets’ Raw Spread accounts.
Multiple fast and secure payment methods, with fast deposit and withdrawal processing times.
Demo account with unlimited usage duration.
No inactivity fee.
Dedicated and friendly multi-lingual customer support service available 24 hours a day, 7 days a week.

Cons

Product offering limited to CFDs.
No proprietary trading platform.

2. XTB

XTB (X-Trade) is one of the largest stock exchange-listed brokers in the world, owned and operated by XXZW Investment Group SA. XTB offers CFDs across a wide range of global markets including Forex, Commodities, Indices, Stock and ETFs, with over 2100+ instruments to trade.

XTB offers an outstanding brokerage solution for beginners and professionals and also provides support for all types of trading styles and strategies. It also offers an extensive list of great brokerage services such as low-cost trading, consistently tight spreads, deep liquidity, clients account protection, excellent education and research offering, an extensive list of secure deposit and withdrawal methods, a wonderful customer support service and lots more.

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XTB Overview

Broker	X-Trade Brokers (XTB)
Regulation	FCA, CySEC, PFSA, KNF, and IFSC
Forex Pairs	57 Currency Pairs
Trading Platforms	xStation 5, MetaTrader 4, xStation Mobile
Minimum Deposit	$0
Demo Account	Available \| Open Demo Account
Maximum Leverage	1:500
Account Currencies	USD, EUR, GBP, HUF, PLN
Payment Methods	Bank Wire Transfer, Credit/Debit Cards, Paypal, Skrill, Neteller, PaySafe, SafetyPay, Paydoo, PayU, ECOMMPAY, BlueCash, Blik, Sofort

Pros

Strong regulatory framework.
Over 15 years industry experience.
Deep liquidity.
Negative Balance Protection.
Listed on the stock exchnage.
Global coverage with over 15 offices across the globe.
353,000+ Clients worldwide.
Beginner Friendly.
Multiple fast and secure deposit and withdrawal methods.
Fast deposit and withdrawal processing time.
Industry standard trading platforms available in web, mobile and desktop versions.
Ultra-low forex trading fee.
Consistently low spreads from 0.5 pips.
Extensive library of educational materials including videos, webinars and courses suitable for both beginners and experienced investors.
Great bonuses.
Fast and high quality customer support.

Cons

Limited account base currency options.

3. IG

IG is a highly reputable global online broker established by IG Group plc; a publicly-traded company listed on the London Stock Exchange. IG offers CFD trading across a wide variety of asset classes including forex, shares, indices, commodities, cryptocurrencies, options, bonds, interest rate, sectors and ETFs with over 17,000+ instruments available to trade.

IG offers an exceptional brokerage service, with trading solutions suitable for retail (beginners and professionals) and institutional clients (such as hedge funds, family offices, private investment vehicles, asset managers, brokers, banks and introducing brokers). Also, traders can get access to an extensive list of great brokerage services including deep liquidity, superior trade execution, volume-based rebates, industry-standard trading platforms, competitive spreads, expert customer support service, and much more.

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IG Overview

Broker	IG
Regulation	CFTC (U.S.), FCA (U.K.), ASIC (Australia), FCA (United Kingdom), FINMA (Switzerland), FMA (New Zealand), MAS (Singapore), FSA (Japan), FSCA (South Africa), DFSA (UAE), BMA (International)
Forex Pairs	81
Trading Platforms	ProRealTime, L2 Dealer, MetaTrader 4
Minimum Deposit	$300 (or currency equivalent)
Demo Account	Available \| Open Demo Account
Maximum Leverage	1:200
Account Currencies	USD, GBP, AUD, EUR, SGD, HKD.
Payment Methods	Bank Wire Transfer, Credit/Debit Cards, Paypal

Pros

Strong regulatory framework.
Listed on the stock exchange.
45+ years of industry experience.
313,000+ clients worldwide.
Deep liquidity.
Negative balance protection.
Volume-based rebates.
Industry-standard trading platforms available in web, mobile and desktop versions.
Competitive spreads from 0.6 pips on major currency pairs.
Fast and secure payment methods.
No minimum deposit for bank transfer.
Excellent eductional offering for beginner, intermediate and advanced traders.
Outstanding research offering.
Great customer support service.

Cons

Inactivity fee charged (after 2 years of inactivity).
No support for copy trading and social trading.
High financing rate.
Limited product portfolio in some countries.
No support for social trading and copy trading.

4. Forex.com

Forex.com is a highly reputable online broker across the globe and a part of StoneX Group Inc. (NASDAQ: SNEX), a publicly-traded company that meets the highest standards of corporate governance, financial reporting and disclosure. Forex.com offers forex trading and CFDs across a variety of asset classes including, indices, metals, commodities, stocks and cryptocurrencies, with over 4,500+ instruments to trade.

Forex.com offers a well-rounded trading solution, suitable for retail, commercial and institutional clients. It provides support for all trading strategies (such as hedging, scalping and EAs, etc). In addition, it offers several great trading services including; low-cost trading, top tier liquidity, superior trade executions, industry-standard trading platforms, professional guidance and support, transparent fee structure, an active trader program for reduced trading cost, and much more.

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Forex.com Overview

Broker	Forex.com
Regulation	ASIC (Australia), NFA (US), CFTC (US), FCA (United Kingdom), FSA (Japan), IIROC (Canada)
Forex Pairs	80
Trading Platforms	Forex.com Webtrader, Metatrader 4, Forex.com Mobile App
Minimum Deposit	$100
Demo Account	Available \| Open Demo Account
Maximum Leverage	1:50
Account Currencies	USD, EUR, CAD, JPY, CHF, AUD, GBP
Payment Methods	Bank Wire Transfer, Credit/ Debit Cards, Paypal, Skrill, Neteller.

Pros

Strong regulatory framework.
Over 20 years of indusry experience.
Beginner friendly.
Top tier liquidity.
Low latency and superior order execution.
Supports all trading strategies.
Negative balance protection.
Clients funds are segregated.
Over 80 currency pairs, including major, minor and exotic currency pairs.
Transparent fee structure with no hidden charges.
Low forex trading fee.
No deposit or withdrawal fee.
Offers Active Trader Program which helps reduce trading cost by up to 15%.
Quality educational and market research offering.
Industry-standard platforms available in web, mobile and desktop versions.
Great customer support service.

Cons

Inactivity fee of $15 (or 15 base currency equivalent) charged per month if there is no trading activity or no open positions for a period of 12 months or more.

5. Admirals

Admirals (formerly known as Admiral Markets) is a leading forex and CFD provider established and operated by the Admiral Group. It offers over 8000+ instruments across a wide variety of global markets including forex, commodities, indices, stocks, ETFs and bonds.

Admiral offers a great trading solution suitable for beginner and professional retail traders. It offers different account types, giving traders the ability to choose an account type that best suits their trading style or needs. Also, traders can enjoy several great trading services, including deep liquidity, support for all trading styles and strategies, consistently low spreads from 0.0 pips, excellent educational offering, great research offering, multiple fast & secure payment methods, dedicated multi-lingual customer support service and much more.

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Admirals Overview

Broker	Admirals
Regulation	FCA (United Kingdom), EFSA (Estonia), JSC (Jordan), CySEC (Cyprus), AFSL (Australia)
Forex Pairs	50 Currency Pairs
Trading Platforms	MetaTrader Web Trader, MetaTrader 4, MetaTrader 5
Minimum Deposit	$100 or currency equivalent.
Demo Account	Available \| Open Demo Account
Maximum Leverage	1:500
Account Currencies	EUR, USD, AUD, BGN, CHF, CZK, GBP, HRK, HUF, NOK, PLN, RON, RUB, SEK, CNY, SGD, CLP, IDR, MYR, THB, VND
Payment Methods	Bank Transfer, Credit/ Debit Cards, Paypal, Klarna, Skrill, Neteller, SafetyPay, Przelewy, iBank & BankLink, iDeal

Pros

Strong regulatory framework.
Newbie friendly.
Deep liquidity.
Negative balance protection.
Clients funds are segregated.
Low latency and fast order execution.
Industry-standard trading platforms available in web, mobile and desktop versions.
Advanced mobile apps with extensive functionalities.
Tailored account types with great trading conditions.
Supports all trading styles and strategies.
Wide range of asset classes.
Competitive spreads and low commissions.
A wide selection of fast and secure payment methods.
Transparent fee structure with no hidden charges
Offers Islamic swap-free account.
Impressive educational and research offering including; Forex & CFD webinars, traders glossary, courses and e-books.
Great market research and analytics offering.
Friendly and multi-lingual customer service.

Cons

Demo account availble for only 30 days.
Basic mobile trading app.