What are the best Portugal forex brokers?
We’ve tested over 60 international forex brokers and created unbiased, data-driven broker ratings to show you the best forex brokers in the industry. To help you navigate the world of forex regulations and choose a broker that you can trust, our expert research team has built a proprietary database containing over 100 global regulatory licenses and jurisdictions; that research determines each broker's individual Trust Score. Check out our top picks for the best Portugal forex brokers:
Winner: IG
Year after year, IG has shown itself to be the best broker in the forex industry. Highly trusted and regulated in a staggering eight Tier-1 jurisdictions, IG holds a Trust Score rating of 99. Though IG does offer MetaTrader 4, IG’s proprietary web-based trading platform steals the show with its wide variety of rich features, market research, and powerful trading tools. Fans of social copy trading will appreciate IG’s seamless integration of trading signals into its web platform. IG has won countless Annual Awards from our sister site, ForexBrokers.com, and is a fantastic choice for forex traders of all experience levels.
IG Trading Platform Screenshots
IG Features
- Overall rating - 9.9/10
- Trust Score - 99
- Tradeable symbols - 19537
- Minimum deposit - £250.00
Runner Up: FOREX.com
FOREX.com, part of the StoneX Group, is a highly trusted brand with a long history of offering forex in the U.S. and across the globe. We love FOREX.com's flagship trading platforms for web and desktop (TradingView's powerful charting is fully integrated within the broker's web platform), and MetaTrader loyalists will appreciate that FOREX.com offers both MetaTrader 4 and MetaTrader 5. An impressive number of CFDs are available within the broker's proprietary platform (though fewer are available on MetaTrader). FOREX.com's pricing is great for active traders, but our research found that FOREX.com is slightly expensive compared to the industry average. Overall, FOREX.com is a well-balanced choice for traders of all experience levels.
FOREX.com Trading Platform Screenshots
FOREX.com Features
- Overall rating - 9.4/10
- Trust Score - 99
- Tradeable symbols - 5500
- Minimum deposit - $100
Podium Finisher: XTB
XTB is a highly trusted brand that holds licenses multiple global regulatory jurisdictions, earning it a Trust Score rating of 96. XTB's proprietary xStation 5 platform delivers a rich selection of trading tools and great usability. XTB provides access to CFDs for a wide range of asset classes, including multiple cryptocurrencies. Beginner forex traders will appreciate XTB's excellent educational content and the hundreds of lessons that are available via its Trading Academy.
XTB Trading Platform Screenshots
XTB Features
- Overall rating - 9.1/10
- Trust Score - 96
- Tradeable symbols - 6100
- Minimum deposit - $0
Compare trading costs for the best Portugal forex brokers
Based on our own data (our independent database contains over 4,000 data points), this table compares trading costs for the top Portugal forex brokers.
| Company |
Accepts PT Residents |
Minimum Deposit |
Average Spread EUR/USD - Standard |
Average Spread EUR/USD - Mini |
All-in Cost EUR/USD - Active |
Active Trader or VIP Discounts |
 IG
|
check |
£250.00 |
0.98 info |
0.98 info |
0.82 info |
Yes |
 FOREX.com
|
check |
$100 |
1.4 info |
1.4 info |
0.83 info |
Yes |
 XTB
|
check |
$0 info |
1.00 info |
1.00 info |
1.00 info |
No |
 AvaTrade
|
check |
$100 |
0.92 info |
0.92 info |
0.61 info |
Yes |
 Pepperstone
|
check |
$200 |
0.77 info |
0.7 info |
0.87 info |
Yes |
Comparing trading platforms between Portugal forex brokers
Trading platforms grant access to the foreign exchange market and allow you to analyze market conditions, manage positions, and execute trades. Check out a side-by-side comparison of the trading platforms available at the best Portugal forex brokers, based on our independent product testing.
Comparing investment options between Portugal forex brokers
We closely monitor the availability of investment products such as forex trading (CFD and spot), stocks (CFD and non-CFD), spread betting, ETFs, and social copy trading – among many others. These investment types are tracked as variables within our extensive independent database. Check out the offering of investments at the top Portugal forex brokers.
| Company |
Accepts PT Residents |
Forex Trading (Spot or CFDs) |
Spread Betting |
Social Trading / Copy Trading |
U.S. Stocks (CFD) |
|
IG
|
check |
Yes |
Yes |
No |
Yes |
|
FOREX.com
|
check |
Yes |
No |
No |
Yes |
|
XTB
|
check |
Yes |
No |
Yes |
Yes |
|
AvaTrade
|
check |
Yes |
Yes |
Yes |
Yes |
|
Pepperstone
|
check |
Yes |
Yes |
Yes |
Yes |
What is the best forex broker in Portugal?
IG is our pick for the best forex broker in Portugal. Founded in 1974, IG holds licenses across a number of notable global regulatory jurisdictions, and has earned an overall Trust Score rating of 99. IG's impressive offering of 19537 tradeable symbols opens up a wide variety of trading opportunities for its clients. If you are interested in opening an account, the minimum deposit to get started as a trader at IG is £250.00. We've tested and reviewed dozens of forex brokers and created unbiased, data-driven broker ratings to highlight the best forex brokers in the industry. Our overall rating for IG is 9.9/10. Read our data-driven broker reviews to learn more.
Check out a gallery of screenshots from IG's trading platforms, taken by our research team during our product testing.
Best Portugal Forex Brokers
Here are our picks for the best forex brokers that accept Portugal-based clients in 2024. The below table is sorted by the brokers' Overall Ratings.
Popular Forex Guides
More Forex Guides
Popular Forex Reviews
Methodology
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).
AI disclaimer
We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Learn more about our AI Policy and How We Test.
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.
