Best Hungary Forex Brokers

Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by John Bringans

October 07, 2024

The first step for every forex trader should be choosing a reliable, well-regulated forex broker. The team at BrokerNotes has conducted extensive research and data collection on international forex brokers and the local regulatory environment to create this guide for Hungary-based forex traders. Read more to learn which forex broker is best for your needs.

The population of Hungary is currently estimated at about 9.7 million people. The national currency of Hungary is the Hungarian Forint (HUF). The central bank of Hungary is called Magyar Nemzeti Bank (MNB). The primary responsibilities of the MNB are to set and implement the country’s monetary policy, oversee the banking sector, regulate foreign exchange flows, and maintain financial stability. Aside from the central bank, the Magyar Központi Értéktőzsde Rendszer (MKKER) is the primary financial markets regulator in Hungary. The responsibilities of the MKKER include monitoring the Hungarian financial markets, enforcing regulations related to financial instruments and financial market participation, providing consumers with accurate financial information, and maintaining the fairness of Hungarian financial markets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 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.

Best Forex Brokers Hungary for 2024