Looking for Forex brokers Portugal? Not sure which Broker Online Forex is best for you or want to check who is truly regulated melhores Brokers Forex Portugal?

We provide answers to all the questions in this article. We researched 100 Brokers Forex and CFD trading accepting Portuguese traders and compared their regulation status, spread & commission, the time for deposit & withdrawal and many more findings.

Forex CMVM Regulation Portugal

Portugal Forex Brokers must obtain a license from local authority Comissão do Mercado de Valores Mobiliários (CMVM) before they are truly legit Forex Brokers. Besides, any EU Regulated Broker with crossborder ESMA and MiFID licenses registered by CMVM is considered legit in Portugal. Check CMVM historical breakdown Wikipedia.

CMVM financial regulatory body similar to all ESMA regulated brokers protect clients in case of broker insolvency up to €20,000 per client. To verify broker license, status and for latest updates check CNMV official website: www.cmvm.pt and Follow Twitter @CMVM_pt  

Best Forex Brokers Portugal - CMVM Regulation website
Best Forex Brokers Portugal – CMVM Regulation website

Best Brokers Forex Portugal

To find the best brokers forex Europe and Portugal, we research over 100 Forex Brokers and comparative Forex Brokers license, spread & commission, conditions for deposit withdrawal, trading platform, education and tools, customer service and almost all details. Here is our list of the Best Brokers for Forex Portugal winners in category:

  • IG – Best Forex Broker for Beginners Portugal
  • FXCM – Best for EAs Portugal
  • GO Markets – Best MT4 Broker Portugal
  • GKFX – Lowest Spread Trading Platform Portugal

What makes a good forex brokers in Portugal?

There are 4 keys make good and Forex best Brokers in Portugal, these including license and protection, trading conditions, trading platform & tools, and customer support.

  • Must be licensed by CMVM or operate with EU cross-border registration with customer protection for traders funds safety
  • Offer good trading conditions and accounts with good trading costs and range of markets
  • Propose range of trading platform suitable for your strategy with no restrictions on strategies
  • Provide quality education Webinars and research tools with good customer service to solve traders issues

Top Forex Brokers Review & List

We also narrow the list of numerous Forex Brokers and select Top 10 Brokers Forex from regulated CMVM Brokers or reputable Online European Forex brokers that accepts Portugal clients. See our Forex brokers comparison below with ranked Forex Best Brokers to support your selection.

Forex BrokerCMVM Regulated / EU licenseWhy they are our top picksOur Review
IGYesIG is great for beginning traders. IG stands on strong background, is publically traded US Broker (while most brokers are not) providing qiality trading conditions, great education, trading platforms with low costs.Visit IG site  

IG Review
FXCMYesFXCM might be the best for platform for Automated Trading. Traders can select either popular MT4, MT5 with supported EAs or use powerful NinjaTrader automated strategies, with Robots and algos trading via TradeStation top rated for day trading.Visit FXCM site  

FXCM Review
GKFXYesGKFX is one of the Best for Low Spread and various account types. We got 0.67 pips for EURUSD, only 0.83 FTSE100 and 2 pips for Gold, lowest Gold Spread Broker on average 20-40% lower than industry averages for all assets.Visit GKFX site

GKFX Review
GO MarketsYesIf you wish to use popular MetaTarder4 or for trading EAs GO Markets might be your choice. EAs are included with no restrictions, plus GO Markets has different account and powerful tools like MT4 Genesis, a-Quant strategies, etc.  Visit GO Markets site

GO Markets Review
Forex.comYesForex.com might be good for platform selection. Forex.com is trusted global brand also Dubai Forex Brokers offering popular MT4 Forex trading Platform and proprietary trading software, great quality education and research, plus trading conditions are good.Visit Forex.com site     

Forex.com Review
RoboForexYesRoboForex might be the best fit for ECN trading, there are only 9 brokers offering ECN accounts. RoboForex has great RTrader proprietary platform packed with tools, with 100$ at start you get good costs 15$ Forex Broker commission per million traded.Visit RoboForex site

RoboForex Review
TickmillYesTickmill might be the best fit for VIP account trading. With NDD execution, powerful platform and tools the spreads are from 0.0 pips with 1 EUR commission per side only, most brokers offering minimum 3-4$.Visit Tickmill site

Tickmill review

More on Portugal Forex Broker

To get started with Forex trading in Portugal it is better to narrow selection with specified categories and see Forex Brokers ranking Review to find Best Forex Market Brokers suitable for you. See below some common questions answered.

ECN Forex Brokers Portugal

Based on our research there are only 9 brokers are true ECN Forex Brokers offering ECN accounts. These including FXTM ranked the best Brokers ECN Forex MT5, RoboForex and Swiss Forex Brokers Dukascopy.

Portugal Best Forex Brokers for Beginners

Beginners recommended to select broker with quality education, support service, and Demo account to practice trading strategy. Among Best Brokers for beginners are IG, Trading212, also FXTM a Forex Brokers with Cent Accounts allowing to trade smaller size counted in cents.

Portuguese Forex Brokers with Binary Options

Forex options or Binary Options are restricted and are not allowed for trading within EU due to regulations finding lack of transparency in Option Trading. None of regulated Portugal brokers offer Options, most of binary trading is available via offshore Forex brokers with epay and other proposals that lack safety measures and are not recommended. However, one of regulated Swiss Forex brokers Dukascopy is Forex Option Brokers with regulated trading of Binary Options.

No Dealing Desk Forex Brokers in Portugal

No Dealing Desk Forex Brokers List consisted regulated brokers for true NDD trading like FxPro or XM providing no dealing desk execution that directly connecting trades to the market with no dealer intervention, and providing good trading execution.

Author of this review

By Jimmy O'Brien

Author of this review

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

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