We found 11 online brokers that are appropriate for Trading Portugal.
Portuguese brokers have played a pivotal role in the country's economic growth, reflecting a rich tradition of financial services. When trading in Portugal shortlisting brokers research what you can trade, regulation, fees, customer service and funding and withdrawal options available to you in Portgual. Most international trading accounts are in USD so check for currency conversion fees to EUR when funding and withdrawing from live trading accounts.
IC Markets stands out as a premier choice for traders in Portugal, offering access to advanced trading platforms like MT4, MT5, cTrader, and TradingView. Portuguese traders benefit from IC Markets' fast execution speeds, with an average latency of 40ms, making it ideal for those who prioritize speed and efficiency. The broker is also known for its tight spreads across a wide range of financial instruments, including Forex and cryptocurrencies. Additional features such as free low latency VPS and advanced trading automation tools make IC Markets a top choice for traders who seek precision and reliability.
IC Markets is a popular option for experienced traders in Portugal due to its competitive spreads and quick order execution. The broker offers a vast array of assets, including Forex, commodities, indices, and cryptocurrencies, making it suitable for various trading strategies.
RoboForex offers Portuguese traders a compelling platform with high leverage options and ultra-competitive spreads that start nearly at zero. Traders in Portugal can take advantage of RoboForex's adaptability across multiple interfaces, including MT4 and MT5, ensuring seamless trading experiences. The platform is particularly appealing to those who utilize EA scripting and seek to maximize returns through high leverage, although it's important to be aware of the associated risks. With its user-friendly design and swift execution, RoboForex is well-suited for Portuguese traders looking to capitalize on fast market movements across a broad spectrum of assets.
eToro is a standout option for traders in Portugal who are interested in social trading. The platform allows users to follow and copy the trades of successful investors through its CopyTrading feature. With over 30 million users globally, eToro offers Portuguese traders access to a large and active trading community. The platform is highly user-friendly, making it ideal for traders who value simplicity and community-driven insights. Regulated by CySEC and the FCA (UK), eToro provides a secure trading environment for Portuguese traders, ensuring their investments are well-protected.
XTB is an excellent choice for traders in Portugal who are keen on in-depth market analysis and education. The broker offers a wide range of research tools and educational resources, catering to both novice and experienced traders. Portuguese traders can benefit from XTB's comprehensive educational content and its emphasis on market analysis, which is ideal for those looking to enhance their trading skills. With regulation from the FCA and CySEC, XTB provides a secure and compliant trading environment for traders in Portugal, giving them peace of mind as they explore the markets.
XTB is particularly well-suited for traders in Portugal who value thorough market analysis and educational resources. The broker's strong regulatory oversight by the FCA and CySEC ensures a safe trading environment, making it a reliable choice for traders at all levels.
XM is a versatile broker available to Portuguese traders, known for its excellent customer support and variety of account types. Traders in Portugal can access a wide range of trading instruments, making XM a great choice for those who prefer a well-rounded platform. The broker is regulated by ASIC, CySEC, and the IFSC, ensuring a high level of safety and security. XM's strong focus on customer service makes it ideal for Portuguese traders who prioritize support and reliability in their trading experience.
Pepperstone is a well-regarded broker among Portuguese traders, known for its customer-centric approach and diverse trading offerings. The broker provides access to a broad spectrum of assets, catering to various trading preferences. Portuguese traders can trust Pepperstone's commitment to integrity and reliability, backed by regulation from the FCA and ASIC. Whether trading traditional assets or exploring alternative markets, Pepperstone's robust platform ensures that Portuguese traders' needs are met with precision and professionalism.
Pepperstone's strong regulatory framework and focus on customer satisfaction make it an excellent choice for traders in Portugal. The broker's comprehensive suite of trading options and dedication to high standards make it a reliable partner for Portuguese traders looking to navigate the financial markets with confidence.
AvaTrade is a top choice for Portuguese traders seeking flexibility and community-driven trading experiences. The broker offers a wide array of funding and withdrawal options, alongside innovative tools like the AvaTradeGo mobile app and the AvaSocial trading platform. These features allow Portuguese traders to engage in trading as a shared venture, with the benefit of commission-free trading on a diverse selection of instruments. AvaTrade's versatile offerings and emphasis on cost-efficiency make it an attractive option for traders in Portugal who value convenience and community in their trading activities.
FP Markets offers Portuguese traders advanced trading technology, with enhanced MetaTrader 4 and 5 platforms that boost trading efficiency. The broker's competitive spreads and extensive range of trading options provide a fertile ground for traders in Portugal to develop and execute precise trading strategies. FP Markets is ideal for those who demand the latest in trading technology without compromising on cost-effectiveness, making it a powerful tool in the arsenal of Portuguese traders looking to optimize their trading performance.
Portuguese brokers have a well-established reputation for offering comprehensive financial services. They have become increasingly attractive to international investors, thanks to their ability to provide access to unique investment opportunities within Portugal and the broader European market.
Example: Banco Comercial Português (BCP) offers investors access to a range of Portuguese equities and bonds not readily available on other exchanges. Their extensive network and local expertise help investors capitalize on opportunities in emerging sectors such as renewable energy and technology, which are prominent in Portugal.
Euronext Lisbon, one of the largest financial exchanges in the EU, lists a diverse array of financial instruments including stocks, bonds, derivatives, ETFs, and investment trusts. This diversity provides investors with multiple avenues for portfolio diversification and growth.
Example: Galp Energia, a major Portuguese energy company listed on Euronext Lisbon, offers investment opportunities in Portugal’s burgeoning renewable energy sector. Portuguese brokers facilitate access to such unique local investments that align with global sustainability trends.
The Euro, managed by the European Central Bank (ECB), is the standard currency in Portugal, facilitating easy transactions for EU investors. Its widespread use and stability enhance Portugal’s attractiveness as an investment destination.
Example: The stability of the Euro allows Portuguese brokers like Banco BPI to offer competitive foreign exchange services and facilitate cross-border investments, making it easier for EU-based investors to trade and invest in Portuguese assets without worrying about currency fluctuations.
The Portuguese Securities Market Commission (CMVM), known in Portuguese as Comissão do Mercado de Valores Mobiliários, is the regulatory authority overseeing financial products and services in Portugal. The CMVM enforces strict regulatory standards and ensures compliance with EU MiFID regulations, enhancing investor protection along with Banco de Portugal which establishes codes of conduct for financial companies in Portugal.
Example: Deutsche Bank Portugal, regulated by both the CMVM and other European regulatory bodies, provides investors with confidence in their transactions. The robust regulatory framework ensures transparency and adherence to high standards of financial conduct.
Foreign investment in Portugal is regulated by several frameworks designed to facilitate international investment while ensuring compliance with local and EU laws. Recent changes and developments have impacted the investment landscape:
Brexit, the United Kingdom's exit from the European Union, has had a significant impact on the European financial sector, including Portugal. The potential ramifications include:
Example: Following Brexit, Santander Portugal has adjusted its investment strategies to account for changes in cross-border regulations and market dynamics, ensuring continued access to both Portuguese and EU markets while managing new regulatory requirements.
Portuguese brokers offer various advantages, including regulatory compliance, access to local market insights, and personalized service. Many brokers are also regulated by additional European authorities, providing an extra layer of security for international investors.
Portugal’s strategic location within the EU provides access to broader European markets. The country is also a gateway to emerging markets in Angola, Mozambique, Macau, Brazil, and Lusophone regions, offering diverse investment opportunities. Portugal’s low crime rate and favorable business climate further enhance its appeal.
Example: Efacec, a Portuguese engineering company, represents investment opportunities in Portugal’s infrastructure sector, supported by favorable business conditions and government incentives for foreign investors.
Portugal faces challenges including trade tensions involving major partners like the United States and China, and the ongoing Brexit process. These factors could potentially impact the country’s economic stability and trading environment.
Example: The World Bank's 2017 report highlighted challenges in obtaining credit and dealing with construction permits, which could affect investment decisions and business operations in Portugal.
Many Portuguese brokers offer free demo accounts, allowing novice traders to experience real market conditions without financial risk. This helps investors evaluate different trading platforms and strategies.
Example: XTB Portugal offers a comprehensive demo account that simulates live market conditions, enabling new traders to practice and develop their strategies before investing real capital.
Portugal provides a secure and strategically advantageous environment for trading, supported by well-regulated brokers and a stable currency. The country’s unique investment opportunities, such as access to local and emerging markets, combined with a favorable business climate, make it an attractive destination for both domestic and international investors.
We have conducted extensive research and analysis on over multiple data points on Portugal Brokers to present you with a comprehensive guide that can help you find the most suitable Portugal Brokers. Below we shortlist what we think are the best portugal brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Portugal Brokers.
When trading in Portugal you will need to chec what your options with your Portugal trading broker are.
We list below the various regulated trading account types available to traders in Portugal. If you are looking for a trading platform or broker in Portugal that are suitable for trading in Forex, CFD's, indices, stocks, and ETFs, Cryptocurrencies (availability subject to regulation) or commodity markets; this Portugal broker guide will explain the things you should check and be aware of before you invest.
You've probably noticed how Forex trading is really taking off in Portugal, right? Over the past half-dozen years or so, the trading volume in Portugal has been on a steady climb. It's like everyone in Portugal is getting in on the action. But traders in Portugal must understand the risks.
Across the world $7.5 trillion USD in volume is traded every single day. Commodities global trading volume is around $380 million USD a day. Global stock markets trading volume is around 460 million USD a day.
Modern software, more affordable mobile devices in Portugal and higher internet uptake in Portugal has increased competition for new trading clients among brokerages in Portugal, which has opened Forex trading to a new audience.
There's this common myth floating around that diving into Forex trading in Portugal is illegal, this is not the case, but Forex trading in Portugal is risky. Forex trading in Portugal is not a get rich quick scheme, you will be competing with people not just in Portugal, but all over the world. The key, though, is to be smart about it. You have to choose a broker in Portugal that's not just reputable but also strictly regulated and allowed to offer services to traders in Portugal.
Trading in Forex is allowed in Portugal as businesses dealing internationally must exchange currency. Forex is an integral part of import and export in Portugal and investing internationally. Portugal Forex trading is not banned, their are many top-notch international online brokers available to traders in Portugal offering regulated trading environments.
Once a traders profits reach a level where the income on the Forex trading can be taxed in Portugal the trader should make sure all taxes owed for a financial year are paid. Just a heads up about the tax situation here in Portugal. You've must file taxes in Portugal even if the markets chewed you up and you spat out losses this year. Also in Portugal you can't claim any trading losses against your personal income taxes, unfortunately. Don't just wing it - get yourself some solid advice from a qualified tax pro in Portugal who knows the ins and outs of the tax labyrinth in Portugal. In Portugal, Islamic accounts are not restricted.
Here in Portugal, the crypto scene is still pretty new, and cryptocurrency in Portugal is getting more and more tangled up in the local financial regulatory rule in Portugal. The thing about cryptos is, they operate on this decentralized model, right? So, unlike our traditional currency markets in Portugal, they're not as rattled by interest rate shifts or the political drama in Portugal that's always on the news. Crypto in Portugal is a different beast altogether.
You know, with the surge of younger traders in Portugal, who are not only tech-savvy but also starting to speculate with decent money in Portugal, there's a noticeable shift happening in Portugal towards the crypto market (which is highly volitle and high risk in Portugal). Cryptocurrency traders in Portugal contribute to the $20 billion USD worth of Bitcoin is traded daily around the world.
In Portugal commodity trading includes the trade in precious metals, energies and agricultural commodities.
Some commodities like metals are seeing exponential growth in Portugal since 2002.
Fast growing countries like China and India have been growing rapidly over the last 3 decades. This has meant that countries like China and India have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like Portugal are able to take advantage of this demand.
We list brokers that allow you to trade commodities in Portugal here.
Portugal brokers support Islamic accounts or swap-free accounts. Portugal Islamic accounts have no rollover interest on overnight positions to comply the Muslim faith. Traders of Islamic faith are forbidden to pay interest. Brokers in Portugal offer accounts that are suitable for Islamic traders. These Portugal brokers complies with Sharia law.
Portugal economy and population is growing. The middle class population in Portugal is increasing which means a growing consumer base. Many business and financial opportunities exist in Portugal. Portugal has a young population educated in technology and the internet.
Portugal digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this Portugal guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.
Learn about leverage when trading. Portugal Brokers offering high leverage trades in Portugal can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some Portugal brokers offer as a level of protection. you can learn more about further below on this guide.
Selecting a reliable and reputable online Portugal 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 Portugal more confidently.
Selecting the right online Portugal trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
It is not essential that your brokerage is local but they must have regulation from a Tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.
When deciding to trade and find a suitable Portugal broker if you wish your broker to be 100% local check they are governed and regulated by the below.
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 portugal trading, it's essential to compare the different options available to you. Our portugal 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 portugal broker that best suits your needs and preferences for portugal. Our portugal broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Portugal Brokers (PT).
Compare portugal brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a portugal broker, it's crucial to compare several factors to choose the right one for your portugal needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are portugal brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more portugal brokers that accept portugal clients.
Broker | IC Markets | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro | Admiral | ThinkMarkets |
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locality | IC Markets accept Portugal clients | XTB accept Portugal clients | XM accept Portugal clients | Pepperstone accept Portugal clients | AvaTrade accept Portugal clients | FP Markets accept Portugal clients | easyMarkets accept Portugal clients | SpreadEx accept Portugal clients | FxPro accept Portugal clients | Admiral Markets accept Portugal clients | ThinkMarkets accept Portugal clients |
Regulation | Seychelles Financial Services Authority (FSA) (SD018) | 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) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | 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) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) | Financial Conduct Authority (FCA) (595450), Cyprus Securities and Exchange Commission (CySEC)(310328), FSA (Financial Services Authority of Seychelles) (SD073) | Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), TF Global Markets Int Limited (Seychelles) (8424818-1), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TFG (Payments) Limited (United Kingdom) (10537331), Think Capital Services UK Ltd (United Kingdom) (11054653), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272), TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Seychelles Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272) |
Min Deposit | 200 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | No minimum deposit | 100 | 1 | 50 |
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Used By | 200,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ | 30,000+ | 450,000+ |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT4, MetaTrader WebTrader, Admirals Mobile Apps, iOS (App Store), Android (Google Play), Admirals Platform, StereoTrader | ThinkTrader, WebTrader, TradingView, TradingView, Mobile Apps, iOS (App Store), Android (Google Play) |
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Learn More |
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Up with icmarkets |
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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 easymarkets |
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Up with spreadex |
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Up with fxpro |
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Up with admiralmarkets |
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Up with thinkmarkets |
Risk Warning | Losses can exceed deposits | 74-83% 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. 74.12% 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. | 75-95 % 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 | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% 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 |
Demo |
IC Markets Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Admiral Markets Demo |
ThinkMarkets Demo |
Excluded Countries | US, IR, CA, NZ, JP | 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, 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 | US, CA, IR | US, CA, JP, SG, MY, JM, IR, TR | RU, AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW |
You can compare Portugal Brokers 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 Portugal Brokers for 2025 article further below. You can see it now by clicking here
We have listed top Portugal brokers below.