Best Forex Brokers in Ireland 2022

Forex trading in Ireland has seen increase in popularity since the COVID outbreak. Irish forex traders may sign up with almost any globally regulated and recognized forex brokers. Residents of Ireland can open an forex account with any trustworthy broker who accepts Irish traders, in this guide, we review the best forex brokers in Ireland.

Best Regulated Forex Brokers in Ireland

  1. Pepperstone – Best Overall FX Broker in Ireland
  2. eToro
  3. XM
  4. XTB
  5. Skilling
  6. Capital.com
  7. Avatrade
  8. IC Markets
  9. HF Markets
  10. Swissquote

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

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


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

68% 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.


How to Choose a Forex Broker as an Irish Trader

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 online brokers that offer services in Ireland must function strictly under their guidelines.


FAQ’s

Q: Is forex trading legal in Ireland ?

Yes, forex trading in Ireland is legal but reguated by CBI.

Q: What is Ireland’s most popular forex broker ?

Pepperstone is the most popular fx broker among Irish traders.

Q: Is it possible to make money with forex trading in Ireland ?

Yes certainly it is possible to earn money with forex. But bear in mind that currency trading is a serious business and you need to invest your time, money to build the skills. Please keep in mind that more than 70% of retail investors loose money when trading forex.