We found 11 online brokers that are appropriate for Trading Italian Forex Platforms.
When compared to European countries like the UK and Germany, Italy's Forex market is considerably smaller. Also, there are limited brokers offering the Forex trade, and regulations for trading tends to be rigid in Europe. Despite such limitations, free trading has been gaining popularity among traders based in Italy, owing in part to the strong economy of the country.
However, it is important for Forex traders to be aware that even though Italy are one of the most industrialized nations globally, its community also experiences issues like poverty, poor infrastructure and high unemployment rate. Fortunately for Italian traders, the Forex market is not influenced by any local factors and as it is decentralized. In order to fully reap the benefits of the Forex market, traders should be able to access their trades quickly. This is why picking a reliable and secure Forex broker that provides a great trading platform with fast executions is very important.
In Italy, the Forex market is a legal market where free access to traders is given. Profit is generated by traders using leverage, selling or purchasing currency pairs, and speculating on their rates or prices. The Italian financial markets agency has made it compulsory for several binary options brokers to shut down their offices in the country as such investments are considered risky. However, this was not the same for Forex brokers.
Unfortunately, the number of Forex brokers in Italy are relatively limited. This could have been a result of Italy's economy being heavily affected by Europe's economy reaching its breaking point a few decades before. During this time, several brokers decided to move to other countries that provide more social conditions, like the UK or Cyprus. Therefore, today, only a few Forex brokers remain in Italy.
Regulations in Italy for Forex brokers require these brokers to be wholly licensed by the regulatory body in Italy, CONSOB, to be able to work in the country. Nevertheless, Forex brokers who are authorized in other countries in the EEA are also licensed to provide Italian traders' services. Depending on their license, certain Forex brokers only need to open a local office and to register in Italy to offer their services.
The central authority accountable for the Italian financial markets' ground rule is the National Commission for Companies and Stock Exchange (CONSOB). CONSOB also controls the only stock exchange found in the country founded in 1808, known as Birds Italiana. CONSOB was established in 1974 when the authorities chose to use a different financial agency to supervise the securities market. Therefore, many of the Ministry of Treasury's functions and duties in Italy were entrusted to the current authority.
The CONSOB was also given the authority to protect public savings in 1983, with the agency becoming independent in 1985. Today, the agency's legislative power extends to its ability to supervise insider trading and audit securities brokerage companies. The regulatory body is also in charge of issuing licenses and to manage the financial markets' activities. Furthermore, it supervises the methods used in conducting transactions, to ensure transparency and fairness in the industry and to punish any unfair conduct, such as scams, insider trading, financial fraud and more. CONSOB also controls all operations and services of financial brokers.
When looking for a dependable Forex broker in Italy, traders should consider the payment options provided by the brokerage companies. Qualified online Forex brokers process withdrawals and deposits via the most well-known payment methods in Italy. Like most countries in Europe, debit and credit cards are the most commonly used methods for online payment here. This can include internationally accepted cards like American Express, Visa, Discover, and MasterCard. Most cards issued locally, Mastercard or Visa, can also be used.
While adding funds using a card is almost immediate and safe, traders should be informed that withdrawing their money may require a few days, anywhere between three to five business days. Another quick, and safe method is to fund your trading account through an e-wallet. Several digital wallets are used in Italy, so traders in Italy can pick from reputable digital wallers such as Neteller, Skrill, PayPal.
However, it should be noted that Italian traders who decide to use a digital wallet would only be able to withdraw their funds within forty-eight hours or two days. However, a large majority of Italian Forex brokers provide bank transfers for withdrawals and deposits. This is the most reliable and safest method to transfer money online, although you need to pay higher charges.
Additionally, traders should be aware that their withdrawal may take time to be reflected in their bank accounts. Certain brokers might also provide the Western Union, bank wires or SEPA transfers. Simultaneously, a few brokers also offer their clients in Italy with locally available payment methods like Sofort, Neosurf prepaid cards, and Postepay payments.
In conclusion, Forex trading in Italy is surrounded by rather favourable conditions for traders. Not only is the trade regulated by CONSOB, it is also easily accessible and convenient for traders to take part in. Traders in Italy who are looking to take part in Forex trading should ensure that they trade with a reliable broker which provides local payment methods and a reliable trading platform to make the most of their trading experience.
We have conducted extensive research and analysis on over multiple data points on Forex Italy to present you with a comprehensive guide that can help you find the most suitable Forex Italy. Below we shortlist what we think are the best Italian Forex Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Forex Italy.
Selecting a reliable and reputable online Italian Forex Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Italian Forex Platforms more confidently.
Selecting the right online Italian Forex Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Italian Forex Platforms trading, it's essential to compare the different options available to you. Our Italian Forex Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Italian Forex Platforms broker that best suits your needs and preferences for Italian Forex Platforms. Our Italian Forex Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Italian Forex Platforms.
Compare Italian Forex Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Italian Forex Platforms broker, it's crucial to compare several factors to choose the right one for your Italian Forex Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Italian Forex Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Italian Forex Platforms that accept Italian Forex Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | NordFX | EasyMarkets | SpreadEx |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 1 | 100 | 1 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 142,500+ | 10,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with icmarkets |
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Up with roboforex |
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Up with etoro |
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Up with xtb |
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Up with xm |
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Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with nordfx |
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Up with easymarkets |
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Up with spreadex |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
NordFX Demo |
easyMarkets Demo |
SpreadEx Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, CA, EU, RU, SY, KP, CU | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR |
You can compare Italian Forex Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Italian Forex Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Italian Forex Platforms below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.