Best Forex Brokers in Ireland 2022

In this guide, we review the best forex brokers in Ireland.

Forex trading in Ireland has seen increase in popularity. Irish traders may sign up with almost any globally regulated and recognized brokers. Some investors are extra cautious and prefer to trade only with an Irish CBI (Central Bank of Ireland) licensed broker though.

Best Regulated Forex Brokers in Ireland

 

  1. Pepperstone
  2. XM
  3. eToro
  4. XTB
  5. Avatrade

Here is the review of the most trustworthy forex brokers that accept Irish traders.

#1.  Pepperstone

 

Pepperstone is an ECN forex trading broker that provides undoubtely one of the best trading conditions for novice and advanced forex traders around the Globe. This Melbourne based broker with EU support, is known for its ultra low spreads on RAZOR type account.  They beat their competition with super low fees, blazing fast trading platforms, global regulation in many Tier 1 financial centers (FCA, DFSA, ASIC).

Whether you are just starting out with forex trading in Ireland, or you are a veteran we recommend you to give Pepperstone a try.

 

Pros

  • Non-dealing desk ECN FX broker
  • Spread Betting for UK & Ireland residents
  • Excellent reputation
  • No requotes, No slippages policy
  • FCA, BaFin, CySEC ASIC, DFSA regulation
  • Minimum deposit $10 
  • 70+ currency pairs available
  • Low spreads from 0.0 Pips (RAZOR Account)
  • Spreads are floating (variable)
  • Fast trade execution
  • Scalping/Hedging is allowed
  • MT4 / MT5, cTrader, Webtrader
  • EURO €€ as an base account currency

Cons

  • No stock CFDs

Visit Pepperstone.com


#2. eToro

 

Unless you have been living under a rock, you must have seen the advertisement on eToro. Although they offer mostly commision free stocks trading, wide range of crypto currencies including crypto wallet, they have over 40 forex currency pairs available too.

You can try eToro’s popular social copy trading feature that allows you to pick forex traders and let the system automatically copy all their trades. You allocate an amount that you are willing to invest, and system will open/close the same trades.

Pros

  • FCA, ASIC regulated
  • Copy other successful traders automatically
  • Become a popular investor programme
  • Very very easy to use intuitive trading platforma
  • Minimum deposit $50 
  • Excellent rating and trust score
  • Over 40 forex currency pairs

Cons

  • No Meatrader platform
  • No online education

Visit eToro


How to verify CBI Irish Regulation

 

If you are an Ireland resident, simply go to register.centralbank.ie website and write a provider’s name and hit enter.

CBI – Central Bank of Ireland Commission regulates forex brokers that have a seat located in Ireland.  The main role of CBI Ireland is to regulate all Irish financial services providers that are doing business in Ireland.  It is therefore smart for an Irish forex trader to choose an CBI regulated financial services provider. CBI Ireland is considered as a very serious financial regulatory body, and all brokers that offer services in Ireland must function strictly under their guidelines.