We found 11 online brokers that are appropriate for Trading Portugal.
Euronext Lisbon is the main stock exchange of Portugal.
Euronext has been trading for over two decades from its founding, but the financial sector of the country dates back to the 1500s.
Over the years Portugal brokers have played important roles in the economic development of the country.
Portuguese brokers have carried out the age-old financial services tradition extensively in recent decades and investors from across the world are lately gaining more confidence in Portuguese trading.
Portugal is strategically located in the European Union and even being a small nation in size it offers several opportunities to overseas investors.
Established in 2002, the Euronext Lisbon is the main stock exchange in the country. It came into existence after the Amsterdam based Euronext N.V. acquired the Bolsa de Valores de Lisboa e Porto.
Euronext is currently one of the biggest financial exchanges in the EU.
The Euronext Lisbon lists equities, derivatives, public and private bonds. It lists ETFs as well as investment trusts of the Portuguese financial entities.
Portuguese brokers play important roles in convincing overseas investors to buy or sell these products.
Portugal is strategically located in the European Union and this attracts overseas investors in great numbers.
The modern financial services sector of Portugal started in 2002 when Euronext N.V. acquired shares of the Bolsa de Valores de Lisboa e Porto to form Euronext Lisbon.
Euro is widely used in the country and all the Portugal brokers gladly accept the currency.
Euro is the traded currency in Portugal and hence investors from the EU region feel comfortable investing in the market.
Euro is the standard currency in the entire region that includes 29 member nations. It is managed by the ECB, European Central Bank. This is the region the portuguese brokers find easier to serve investors from the EU.
Furthermore, the Euro is the second most traded currency in the world after USD. In 2016 its turnover was about one-third. In Q3 of the same year, IMF ranked the currency as the second most popular help by central banks across the world as reserves.
Portuguese Securities Market Commission (CMVM) is the main regulatory agency of the financial products and services in the country.
In their local language, it is called Comissao do Mercado de Valores Mobiliarios. With a tight regulation framework, it focuses mainly on the supervision of the activities and financial instruments in the market.
It has a good reputation to the concerns of investors and also ensures compliance with the MiFID regulations of the EU. It is mandatory for non-EU brokers to get authorized by the agency to offer services at par with the portuguese brokers.
Trading in Portuguese is easier with Portuguese brokers. Investors are suggested not to deal with the non-portuguese brokers as they may not be licensed by the CMVM. Moreover, most of the portuguese brokers are also simultaneously regulated by other European regulatory agencies.
It is a universal statistic that that any deals with any broker will only follow after verification of its authenticity. Similarly, it is advised to verify the portuguese brokers before striking a deal and before making an investment in the country.
It is important to check how efficient their Customer Support system is and whether they are able to resolve matters within a day or two without the need to escalate the same with the regulatory agency.
You can deal with numerous reputable Portugal brokers in the country and international Portugal brokers who are based in the EU. Both types of brokers offer stock, Forex, CFD and commodity and cryptocurrency trading.
Portugese brokers are regulated by the PSMC also known as Portuguese Securities Market Commission. For the international brokerages servicing Portuguese nationals, it is suggested to check they have regulation in at least one of the large economies in the EU. The UK or Germany for example.
Before trading with Portugal brokers or international brokerages that serve Portuguese clients, make sure their customer service are professional and supportive.
Check broker websites to see what other languages are supported apart from Portuguese.
Check whether the brokers offer a demo account. Register multiple demo accounts with multiple brokers. This allows you to experience the various broker platforms and the financial markets in Portugal and the rest of the world better. This will help you to make financial investment strategies.
Portugal is blessed with a strategic geo location.
From Portugal investors can access other markets of the EU. As it is a member of the Eurozone, the currency euro is widely accepted across sectors.
The country gladly welcomes foreign investors. It is also considered as the gateway to Angola, Mozambique, Macau, Brazil and Lusophone.
Portugal has a low crime rate and overseas businesses get some extra incentives. These are the key reasons foreign investors find the place as one of the best choices to begin a business.
World Bank ranks Portugal in 16th position with respect to trading across borders. It is also fairly ranked in ease of doing business.
Germany, Italy, Netherlands, United States, France, Spain and the United Kingdom are the closest and top trading partners of Portugal.
Currently, the United States and China are undergoing trade issues. Similarly, the United Kingdom is in the process of leaving the European Union bloc.
If these two trading issues become severe, Portugal's economy will be impacted negatively.
World Bank has ranked Portugal poorly with respect to obtaining credit, protecting minority investors’ rights, starting a business and dealing with construction permits.
Most of the online portuguese brokers offer a free demo account as it is helpful for a novice trader or those who want to invest in the country for the first time. Demo account involves no real money but gives a real experience of trading in the market.
As the country is a member nation of the EU, it is empowered with certain benefits. This allows free flow of trades across the 29 countries and the one common currency the Euro is used for transactions.
The country has elected government and it welcomes foreign investments.
The national language is widely spoken in many European countries. Information contained reveals the total population of Portugal is about 10 million but the language spoken is by more than 230 million people in Europe.
This widens the investment opportunity in the country. Portuguese brokers can communicate with most of the foreign traders in their own language.
Being strategically located, the country is an entry point to the EU. It has good information technology and physical infrastructures. The cost of doing business here is comparatively low in Europe.
There are some challenges. In 2017 the World Bank revealed the ratio of trade to GDP was just 42.7% and it ranked the country at 112th with respect to obtaining credit. It stands at 57th and 60th in the world for starting a business and dealing with construction permits.
Relatively the country is a secured place for investors and as it is a representative of the EU. It also enjoys investments from most of the European countries.
CMVM is one of the most active regulatory agencies in the world. The portuguese brokers have a good reputation in serving clients with honesty and transparency.
Portugals financial environment is safe and secure. Portugal brokers are well regulated and the country is a gateway to several other countries in the EU. Euro is the traded currency and it is ranked fairly well in trading across borders.
However, it is strongly suggested to pick Portugal brokers carefully. Check their regulation, reputation and trading platform. We list some of the best brokers that service traders in Portugal further below this article.
Portugal has been a world financial center in Europe for over a hundred years.
Portugal also known as Portuguese or Republica Portuguesa has a number of established reputable financial markets.
The main securities markets in Portugal includes the Portuguese Stock Index PSI-20 which deals in officially listed stocks and shares,government issues, traded options, stock index options, currency options, foreign exchange, futures, metals, gold, silver, agricultural and other commodities.
Restructuring and deregulation has transformed the financial sector in The United Arab Emirates since 2000 with important changes in the Portuguese Stock Index PSI-20, insurance, banking, shipping, and commodity markets.
Banco de Portugal is responsible for issuing monetary policy in Portugal.
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 | NordFX | EasyMarkets | SpreadEx | FXPro | Plus500 |
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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 | NordFX accept Portugal clients | easyMarkets accept Portugal clients | SpreadEx accept Portugal clients | FxPro accept Portugal clients | Plus500 accept Portugal clients |
Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | 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) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA |
Min Deposit | 200 | No minimum deposit | 5 | 200 | 100 | 100 | 1 | 100 | 1 | 100 | 100 |
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Used By | 180,000+ | 935,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ | 24,000,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | 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, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
Sign
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 nordfx |
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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 plus500 |
Risk Warning | Losses can exceed deposits | 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 | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider 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 |
NordFX Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Plus500 Demo |
Excluded Countries | US, IR, CA, NZ, JP | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AR, 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, UY, 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 | US, CA, IR | MY, BE, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO |
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 2024 article further below. You can see it now by clicking here
We have listed top Portugal brokers below.