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Best Forex Brokers Hungary 2022

Marcus Taylor

Written by Marcus Taylor

September 08, 2022

Here are the best forex brokers accepting residents of Hungary as clients.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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.
  • IG
    - 9.7/10 Overall
  • FOREX.com
    - 8.7/10 Overall
  • XTB - 8.7/10 Overall
  • eToro - 8.6/10 Overall
  • AvaTrade - 8.2/10 Overall
  • Plus500 - 8.2/10 Overall
  • Admiral Markets - 8.1/10 Overall
  • IC Markets - 8/10 Overall
  • Markets.com - 8.1/10 Overall
  • XM Group - 8/10 Overall
  • Pepperstone - 8/10 Overall
  • Tickmill - 7.8/10 Overall
  • HYCM (Henyep) - 7.7/10 Overall
  • HFM - 7.6/10 Overall
  • Eightcap - 7.2/10 Overall
Overall Rating
9.7 / 10
Minimum Initial Deposit
£250.00
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.86 (September 2022)
All-in Cost EUR/USD - Active0.5957 (September 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1974
Publicly Traded (Listed)Yes
BankYes
Tier-1 Licenses7
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)19537
Forex Pairs (Total)100
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)33
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.7 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.0 (July 2022)
All-in Cost EUR/USD - Active1.0 (July 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1999
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses4
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)5500
Forex Pairs (Total)91
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)203
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.7 / 10
Minimum Initial Deposit
$0
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.07 (Q3 2022)
All-in Cost EUR/USD - Active1.04 (Q3 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2002
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses1
Tier-2 Licenses3
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)12000
Forex Pairs (Total)49
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)39
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.6 / 10
Minimum Initial Deposit
$10-$10,000
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1 (August 2021)
All-in Cost EUR/USD - ActiveN/A
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2007
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)3458
Forex Pairs (Total)49
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)66
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)No
Economic CalendarYes


Overall Rating
8.2 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.91 (Aug 2020)
All-in Cost EUR/USD - Active0.61 (Aug 2020)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2006
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses4
Tier-2 Licenses3
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)1260
Forex Pairs (Total)55
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)90
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.2 / 10
Minimum Initial Deposit
€100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.6 (as of Aug 2018)
All-in Cost EUR/USD - ActiveN/A
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2008
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses4
Tier-2 Licenses3
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)2800
Forex Pairs (Total)71
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)110
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)No
Economic CalendarYes


Overall Rating
8.1 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.8 (July 2021)
All-in Cost EUR/USD - Active0.7 (July 2021)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2001
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)8425
Forex Pairs (Total)50
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8 / 10
Minimum Initial Deposit
$200
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.62 (August 2021)
All-in Cost EUR/USD - Active0.62 (August 2021)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2007
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses1
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)3583
Forex Pairs (Total)61
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.1 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
98
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.9 (as of Oct 2019)
All-in Cost EUR/USD - Active1.9 (as of May 2019)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1999
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses2
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsNo
Tradeable Symbols (Total)2179
Forex Pairs (Total)57
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)89
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsNo
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Here are some additional brokers.

AvaTrade

AvaTrade has over 10 years of experience in the industry and has accumulated numerous awards for its platforms over the years. Their brokerage services are available throughout the EEA under the Markets in Financial Instruments Directive. AVA Trade Ltd is regulated internationally by the British Virgin Islands Financial Services Commission, and its subsidiary in Europe, AVA Trade EU Ltd, is incorporated in Ireland and regulated by the Central Bank of Ireland. Hungary is just one of the countries where AvaTrade’s services can be accessed, and although there are no AvaTrade offices in Hungary, a dedicated Hungarian language website and a direct customer helpline are available for customers from Hungary.

AvaTrade’s website is loaded with free educational material for learners, such as free webinars, eBooks, educational videos, articles, and in-depth market analysis. A dedicated learning platform, SharpTrader, can also be taken advantage of. AVA Trade’s platforms offer customers access to over 250 financial instruments across different markets. These include bonds, stocks, commodities such as oil, indices, and cryptocurrencies – all of which are traded as contracts for difference. Customers also have access to Forex trading via the AvaTrade platforms, including the popular MetaTrader 4.

All of the trading platforms on AVA Trade can be accessed via desktop, mobile, and tablets. AvaTrade offers a free 21-day demo account for clients to hone their trading skills and to get familiar with the different platforms. Wire transfers (with a minimum of €500) and debit or credit cards (with a minimum deposit amount of €100) are two deposit methods that are globally accepted by AvaTrade. It should be noted that e-wallets are not available to customers in Europe.

Euros are widely accepted and used in Hungary, and can also be selected as the base currency for the account.

XTB

With a dedicated Hungarian language website, and a local office situated in Hungary, XTB are one of the top brokers for traders from Hungary. Previously known as X-Trade Brokers, they are also considered one of the leading brokers in Europe. Starting from humble beginnings as a Forex broker in Poland back in 2002, they went on to develop a major brand with offices around Europe, and spreading internationally to Latin America and other locations around the world.

Customers from Hungary can access many international markets through their powerful trading platforms. Just some of the markets available include stock indices, Forex, commodities, ETFs, and cryptocurrencies. Just some of the popular instruments are the Bitcoin / USD currency pair (BTCUSD), Oil and Natural Gas, and the DE30 index, all of which can be traded as contracts for difference (CFDs), with generous leverage and low spreads. It should be noted that the higher the leverage, the greater the risk. XTB make their clients aware of the risks involved to ensure that their risk appetite matches the leverage offered.

Clients can choose from a basic account, standard account, and pro account. Whilst the basic account is subject to fixed spreads, the standard account offered by XTB provides variable spreads and the pro account offers market spreads. This minimum spread is therefore one of the main differences between the accounts. The basic account is also subject to maximum position sizes and does not offer automated trading facilities, which are available through both the standard and pro accounts.

The XTB company based in Hungary is authorized and regulated by the British financial services regulator, the Financial Conduct Authority (FCA). Their services are provided in Hungary using passporting arrangements permitted under the MiFID (Markets in Financial Instruments Directive) regime.

Traders from Hungary can also benefit from local telephone and email customer support, all of which are available in Hungarian. A wealth of educational information is also available through the XTB website in Hungarian.

BrokerNotes.co 2022 Overall Rankings

To recap, here are our top forex brokers accepting residents of Hungary as clients for 2022, sorted by Overall ranking.

Company Accepts HU Residents Overall Rating Minimum Initial Deposit Average Spread EUR/USD - Standard Trust Score Trust Score Tradeable Symbols (Total) Visit Site
IG logoIG check 9.7 £250.00 0.86 (September 2022) 99 Highly Trusted 19537 Visit Site
Saxo Bank logoSaxo Bank check 9.5 €2,000 0.9 (September 2022) 99 Highly Trusted 60000
CMC Markets logoCMC Markets check 9.4 $0 0.51 (August 2022) 99 Highly Trusted 12377
Interactive Brokers logoInteractive Brokers check 9.2 $0 0.6 (Aug 2022) 99 Highly Trusted 8500
TD Ameritrade logoTD Ameritrade check 8.9 $0 1.25 pips (September 2022) 99 Highly Trusted 0
FOREX.com logoFOREX.com check 8.7 $100 1.0 (July 2022) 99 Highly Trusted 5500 Visit Site
XTB logoXTB check 8.7 $0 1.07 (Q3 2022) 95 Highly Trusted 12000
City Index logoCity Index check 8.7 £100.00 1.0 (July 2022) 99 Highly Trusted 13500
eToro logoeToro check 8.6 $10-$10,000 1 (August 2021) 93 Highly Trusted 3458
Swissquote logoSwissquote check 8.5 $1000 N/A 99 Highly Trusted 466
AvaTrade logoAvaTrade check 8.2 $100 0.91 (Aug 2020) 93 Highly Trusted 1260
Plus500 logoPlus500 check 8.2 €100 0.6 (as of Aug 2018) 98 Highly Trusted 2800
FXCM logoFXCM check 8.3 Starts from $50 1.38 (Q2 2022) 96 Highly Trusted 441
Admiral Markets logoAdmiral Markets check 8.1 $100 0.8 (July 2021) 87 Trusted 8425
FP Markets logoFP Markets check 8.3 $100 AUD 1.2 (August 2022) 86 Trusted 9956
IC Markets logoIC Markets check 8 $200 0.62 (August 2021) 86 Trusted 3583
OANDA logoOANDA check 8 $0 1.26 (5/22-5/27/22) 92 Highly Trusted 124
Capital.com logoCapital.com check 8.1 $20 0.6 (July 2021) 77 Average Risk 6000
Markets.com logoMarkets.com check 8.1 $100 1.9 (as of Oct 2019) 98 98 2179
XM Group logoXM Group check 8 $5 1.6 (Aug 2020) 90 Trusted 1372
Pepperstone logoPepperstone check 8 $200 0.77 (September 2022) 93 Highly Trusted 1200
FxPro logoFxPro check 8 $100 1.51 (August 2020) 90 Highly Trusted 2249
Tickmill logoTickmill check 7.8 $100 0.51 (August 2022) 82 Trusted 295
HYCM (Henyep) logoHYCM (Henyep) check 7.7 $100 0.6 (Sept 2021) 86 Trusted 245
DooPrime logoDooPrime check 7.7 $100 -1 84 Average Risk 10000
Fineco Bank logoFineco Bank check 7.7 $0 N/A 92 Highly Trusted 126
HFM logoHFM check 7.6 $5 1.2 (August 2021) 85 Trusted 3500
BDSwiss logoBDSwiss check 7.6 $100-$5000 (depending on account type) 1.6 (08/10/22) 83 Trusted 1081
Vantage logoVantage check 7.4 $50 1.22 (August 2021) 83 Trusted 257
Trading 212 logoTrading 212 check 7.4 EUR 10 N/A 77 Average Risk 1785
Moneta Markets logoMoneta Markets check 7.3 $50 1.27 (September 2022) 71 Trusted 965
Trade Nation logoTrade Nation check 7.1 $0 0.6 83 Trusted 601
ACY Securities logoACY Securities check 7.2 $50 1.2 (Sept 2021) 75 Average Risk 1600
Eightcap logoEightcap check 7.2 $100 N/A 87 Trusted 326
ThinkMarkets logoThinkMarkets check 7.3 $250.00 N/A 86 Trusted 1674
BlackBull Markets logoBlackBull Markets check 7 $0 0.827 (August 2022) 74 Average Risk 26000
VT Markets logoVT Markets check 7.2 $200 1.2 (September 2021) 71 Trusted 168
easyMarkets logoeasyMarkets check 7.3 $100 0.9 (as of Mar 2020) 84 Trusted 199
TMGM logoTMGM check 7 $100 0.96 (July 2021) 79 Average Risk 12000
Exness logoExness check 7.2 $1 0.9 (as of May 19) 74 Average Risk 112
Spreadex logoSpreadex check 7.2 $0 -1 70 Average Risk 2000
IronFX logoIronFX check 7.1 $50 1.2 84 Trusted 340
RoboForex (RoboMarkets) logoRoboForex (RoboMarkets) check 7.1 $100 1.4 (Jan 2022) 69 High Risk 12000
Trade360 logoTrade360 check 7 $250 N/A 75 Average Risk 1062
AxiTrader logoAxiTrader check 7 0 N/A 83 Trusted 175
GKFX logoGKFX check 7 $0 N/A 66 High Risk 354
Vestle logoVestle check 7 -1 -1 79 Average Risk 750
TeleTrade logoTeleTrade check 7 $100 -1 67 High Risk 500
FXOpen logoFXOpen check 7 $100 N/A 80 Trusted 87
OctaFX logoOctaFX check 6.8 $25 0.6 (August 2021) 67 High Risk 80
Forex4you logoForex4you check 6.9 $0 -1 62 High Risk 150
LegacyFX logoLegacyFX check 6.8 $500 0 75 Average Risk 425
FXPrimus logoFXPrimus check 6.8 $100 N/A 69 High Risk 140
Alpari logoAlpari check 6.8 $20 N/A 67 High Risk 105
GBE brokers logoGBE brokers check 6.7 $500 -1 69 High Risk 500
TopFX logoTopFX check 6.5 Depends on payment method N/A 67 High Risk 655
ATFX logoATFX check 6.6 $500 -1 70 Average Risk 150
UFX logoUFX check 6.5 $100 3 (Jan 2021) 67 High Risk 619
Libertex (Forex Club) logoLibertex (Forex Club) check 6.5 $10 -1 72 High Risk 300
Xtrade logoXtrade check 6.5 $250 -1 80 Trusted 142
Tradeo logoTradeo check 6.4 $200 -1 67 High Risk 256

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Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Author

Marcus Taylor
Marcus Taylor

BrokerNotes was founded in 2014 by Marcus Taylor, founder and CEO of Venture Harbor, a venture studio in Oxford that develops innovative online tools & technology across a range of sectors.


Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure.
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