Looking for the best forex broker in the Netherlands? Donât worry as we can help with that. Take a look below and see some great options for safe and successful forex trading in the Netherlands!
You donât have to be at the Amsterdam Stock Exchange to trade forex. After all, there are lots of online brokers whoâll give you a legal and easy way to speculate on foreign currencies. So weâve prepared this handy guide that simply helps you find the best forex broker in the Netherlands. Keep reading and start trading forex!
Weâve spent a fair amount of time coming up with the ultimate forex broker list in the Netherlands. After all, the Netherlands has to be one of the most vibrant places for forex trading on the planet. So we thought that weâd give you a fast way to see the best forex traders currently available in the Netherlands.
Our comparison is based on the results of our honest trader reviews. This means that the only way that a broker is going to come at the top of our shortlist is if it gives you an exemplary forex trading service.
Weâve found that lots of brokers featured in our comparison give you a user-friendly way to speculate on the major currency pairings. Plus, thereâs enough flexibility in our featured brokers to allow experienced traders to speculate on minor and exotic currency pairs. All of which means that youâll never have an easier way to find your ultimate forex trading platform in the Netherlands.
Forex trading in the Netherlands is perfectly legal as long as the broker you use is authorised by the Autoriteit FinanciĂŤle Markten (AFM). This is the financial services regulatory authority for the Netherlands and it aims to ensure that all brokers act in a way that is legal, secure and transparent.
In order to get a permit to operate in the Netherlands, the online broker must actually have a local headquarters. However, itâs worth noting that EU law allows some brokers with licensing from other major EU countries to operate in the Netherlands.
With the Dutch guilder stopping being phased out in 2002 to make way for the euro, the AFM was established and it works to roughly the same legal framework as the European Securities and Markets Authority (ESMA).
This means that any online broker in the Netherlands will have to issue regular reports to the AFM about their operations and trading volume. The AFM will also closely watch the financial statements of each authorised online broker to make sure that they are acting according to the regulations. Such regulations include the fact that the leverage for forex trading in the Netherlands will be capped at 30:1 for the major currency pairings and it will drop down to 20:1 for other currency pairings.
The best forex broker in the Netherlands will always be able to keep you and your money safe. Here are five things to check out when researching an online broker:
Any online broker that is operating in the Netherlands without the consent of the AFM is acting illegally. You can usually see the evidence of this in the footer of the online brokerâs website. The AFM website also has a good registry of its accepted traders that you can view to see if a particular broker is legit.Â
As part of the AFM directives, all authorised brokers in the Netherlands must ensure that the funds of their customers and the brokerâs capital are kept in segregated accounts. This is done to safeguard the customersâ money should the online broker become insolvent. In addition to this, you should expect to see SSL encryption on the brokerâs website and your account should feature the minimum two-factor authentication.
All online brokers will have a page of terms and conditions on their sites. Itâs here where youâll hopefully see that the broker is authorised by the AFM, and youâll also learn important information about things like minimum deposits, fees and so on.Â
While even the best online broker will get the occasional negative review, if you see nothing but bad reviews about a broker, you should treat it as a red flag.Â
We always like those online brokers who make it easy to get in touch. If you canât find any contact details or a physical location for a forex trading platform, it might be acting illegally and so you should probably leave it alone.Â
In our bid to find the best forex broker in the Netherlands, we knew that we were going to have to come up with a strict review process. After all, we wanted to give you a fair and accurate picture of what itâs like to actually use these online trading platforms.
Weâll make sure that the forex trading site is actually usable before we recommend it to you. This means that our reviews will tell you how easy it is to navigate around the site and weâll let you know what trading apps are available for mobile devices.
Youâll normally be given a choice over what trading platform you get to use at a brokerâs site. Expect to see industry standard platforms like MetaTrader 4 and 5 where youâll get a wealth of indicators and analytical tools to help your trades.
Our reviews will help you see what different account types there are at each forex trading platform. Youâll get to see what the difference is between a standard and a âproâ account and weâll let you know about important factors like minimum deposits and so on. Plus our reviews will identify those brokers with good demo account options.
All good forex brokers in the Netherlands will let you make deposits and withdrawals with a variety of trusted payment providers. These include regular debit cards like Visa and Mastercard, as well as e-Wallets such as PayPal, Neteller and Skrill. Bear in mind that there might be a few more locally-specific payment providers accepted such as iDeal, Sofort and Trustly.
You should expect nothing less than excellent customer support from all AFM-authorised online brokers. Our reviews will let you know whether you can contact the brokerâs customer care team via live chat, email or telephone. Plus weâll help you see whether the customer support is available 24/7 to help you trade on foreign forex markets.
While we like the idea of there being a single award winner for something like âBest forex broker in the Netherlands,â we canât help thinking that this is a pretty subjective decision. So be sure to take account of the following features before you rush to sign up to forex trading platform:
Chances are that youâll be trading on the major pairings like USD/EUR, GBP/CHF and so on. However, itâs good to find minor and exotic pairings available providing you have the necessary experience.
Forex trading is massively dependent on the broker being able to sell you the deal at the price advertised. A slow forex trading platform simply wonât do the job.
The AFM limits the permitted leverage for forex trading, but each broker will have different leverage amounts for different currency pairings. Use our comparison to shop around for the broker with the most competitive leverage for your forex trades.
The Amsterdam Stock Exchange is the oldest âmodernâ securities market in the world, and the Netherlands has maintained its reputation as a world leader for trading. This has extended into the digital era with all Dutch online brokers giving you plenty of options for trading beyond forex.
As a result, you can sign up to any AFM-authorised broker and be able to trade stocks and indices, as well as commodities such as gold, oil, gas and so on. Other trading options include the likes of individual equities and even cryptocurrencies.
One thing that you should be aware of is the fact that there have been some recent changes to how CFDs and binary options are regulated. This means that you wonât see binary options being promoted or sold anywhere in the Netherlands. For CFDs, the broker must impose a kind of negative balance protection that basically means that you canât lose more money than whatâs in your account when you trade CFDs.
There is also a leverage cap imposed that varies according to the asset being traded. While forex traders can enjoy a leverage of up to 30:1 for the major currency pairings, this dips down to 2:1 for cryptocurrencies.
Weâve been more than happy to help you find the best forex broker in the Netherlands for your trading needs. However, itâs worth noting that none of the positions in our broker comparison are fixed. Instead, weâll be constantly adjusting our comparison to take account for the changes in service of our featured brokers, as well as including new forex trading platforms in the Netherlands.
Plus itâs worth noting that weâll take account of all of the changes in financial regulation, so that youâll be able to stay on top of any adjustments in the permitted leverage for forex trading. So make sure that you bookmark this page so that you are always trading with the best forex broker in the Netherlands.
Check out our guide to forex trading in the Netherlands where we see whether this kind of trading is good for beginners. After all, it doesnât matter if you are using the best forex platform worldwide as youâll still need to carry out a kind of trading that is suitable for your level of experience.
Read our guide to see the best forex broker in the Netherlands. Obviously this is a trading platform that is fully regulated by the AFM to make sure that you get a safe and fair way to carry out your forex trades. Remember that we do the same for other countries so that you can stay safe when you trade at the best forex broker in Denmark too.
Make sure that you read our guide to forex trading in the Netherlands where we will see what the average minimum deposit is. We have found that the minimum deposit amount can vary a lot between different online brokers and it can have a significant impact on which broker you use. But generally, youâll find that the best forex broker will never ask you for too high an opening deposit.
Be sure to read our guide to see whether forex trading in the Netherlands is legal. There have been some major changes in the way that the Dutch financial regulators operate in the past couple of decades, and this can have a big impact on what you can trade. Thankfully our guide will show you whether you can trade forex, use an operator on our CFD broker list and more.
To define the best online trading platform, it ultimately depends on which country you are trading from and what it is that you are actually trading. So we have taken great care to create a handy comparison helping you find the best forex broker in the Netherlands. This will help you find the perfect trading platform for your preferred currency pairings no matter where in the Netherlands you are.
Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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