4 best Forex Brokers and platforms in the Netherlands – Comparison and reviews

The foreign exchange market has grown to become the world’s largest financial market. With the ever-increasing rise in the number of brokers, it has become difficult for newbies in the market to get suitable brokers to trade with. Here are the best 4 forex brokers in the Netherlands;

See the list of the 4 best Forex Brokers in the Netherlands:

Forex Broker:
Review:
Regulation:
Spreads:
Assets:
Advantages:
Open account:
1. Capital.com
Capital.com logo
CySEC, FCA, ASIC. SCB
Starting 0.0 pips variable & no commissions
3,500+
(70+ currency pairs)
+ Userfriendly platform
+ TradingView charts
+ MT4
+ Best education
+ Personal support
Live-account from $ 20(Risk warning: 79% of retail CFD accounts lose money)
2. BlackBull Markets
BlackBull Markets logo
FSPR, FSCL
Starting 0.0 pips & negotiable commission per 1 lot
500+
(64+ currency pairs)
+ ECN Broker
+ Deep pool execution
+ High liquidity
+ Best execution
+ Leverage 1:500
+ MT4/MT5
Live-account from
$ 200(Risk warning: 79% of retail CFD accounts lose money)
3. Pepperstone
FCA, ASIC, DSFA, SCB
Starting 0.0 pips & $ 3.5 commission per 1 lot
1,000+
(40+ currency pairs)
+ Fast execution
+ Large FX Broker
+ Good service
+ MT4/MT5/cTrader
+ TradingView Charts
Live-account from
$ 200(Risk warning: 74-89 % of retail investor accounts lose money when trading CFDs)
4. IQ Option
IQ Option logo
CySEC
Starting 0.1 pips variable & no commission
500+
(25+ currency pairs)
+ Easy to use
+ Binary Trading
+ Support 24/7
+ Min. Deposit 10$
+ Lowest spreads on main trading hours
Live-account from $ 10(Risk warning: Your capital might be at risk.)

List of the 4 best forex brokers in the Netherlands:

  1. Capital.com
  2. BlackBull Markets
  3. Pepperstone
  4. IQ Option 

1. Capital.com

Capital.com is supervised by some of the world’s most prestigious financial regulators, including the UK’s Financial Conduct Authority (FCA), CySEC, ASIC and SCB of the Bahamas. It has been functioning successfully since 2016 and is backed by some of Britain’s most prominent investors.

Additionally, it is recommended for investors searching for a quality user experience. Also, the broker comes highly recommended for professional traders. This is because Capital.com provides its users with various training and support materials.

Capital.com education section

Capital.com requires only a twenty dollars minimum deposit. This enables even inexperienced traders to join the platform and learn about trading. Similarly, the broker has fixed the minimum withdrawal amount at fifty dollars so that even small sums can be withdrawn.

The broker’s educational and training support is among the best in the industry. Capital.com provides a variety of materials to keep its clients informed about the newest financial market news and events.

Capital.com’s users have access to a wide range of assets. Investors have a choice of more than 3,500 instruments. All major currency pairs, a considerable number of equities, and all major commodities are included.

Capital.com offers cutting-edge trading tools, digital trade analysis, a payment pricing environment, and a wide range of assets to traders. At Capital.com, all traders have access to the same CFD trade account type.

Capital.com - tradable assets

Pros of Capital.com

  • It provides one of the best demo accounts
  • World-class web and mobile app trade platform
  • The procedure of creating an account is straightforward.
  • There are no fees associated with the withdrawal.

Cons of Capital.com

  • Many international customers have restricted deposit and withdrawal choices.
  • Any bank does not license it
  • There are charges for overnight investors

(Risk warning: 79% of retail CFD accounts lose money)

2. BlackBull Markets

The official website of the Forex Broker BlackBull Markets

BlackBull Markets is a New Zealand-based company with a registered address. The broker is also a member of the Financial Services Complaints Limited dispute resolution process and is registered with the Financial Services Provider Registry (FSPR) with license number FSP403326.

The broker safeguards customer funds by segregating money and managing operational liquidity at ANZ Bank, one of Australia’s biggest banks.

AMZ Bank logo

BlackBull Markets is a crucial MetaTrader broker with a growing product selection and support for a few third-party social copy trading platforms. On the other hand, BlackBull Markets cannot compete with the best forex brokers due to a lack of teaching and research materials.

BlackBull Markets MetaTrader 4
BlackBull Markets MetaTrader 4

BlackBull Markets has 281 sellable symbols, which is the industry average. Clients of BlackBull Markets have access to various investment products, as shown in the table below. The market analysis articles and the video selection produced by BlackBull Markets’ in-house specialists are of high quality and give extensive technical and fundamental analysis.

BlackBull Markets logo

Merits of BlackBull Markets

  • Residents of New Zealand can use it, unlike many brokers who do not have the full FMA license.
  • The whole MetaTrader suite is available.
  • Multiple third-party copy trading platforms, such as ZuluTrade, are supported.
  • Deposits and withdrawals can be completed in as little as 24 hours.

Demerits of BlackBull Markets

  • The negative balance is not protected in any way.
  • Stocks and cryptocurrencies are not available.

(Risk Warning: Your capital can be at risk)

3. Pepperstone

The official website of the Forex Broker Pepperstone

It offers MetaTrader and cTrader (which was named Best in Class for MetaTrader brokers in 2022) and an extensive library of third-party tools and plugins to round out its already impressive platform lineup.

Pepperstone launched in the United Kingdom in 2015 and has since expanded its offerings to address the needs of UK and European clients through local access. The group has offices in Melbourne, Dubai, Nairobi, Düsseldorf, and London, among other critical financial hubs.

Pepperstone - Supported platforms

Pepperstone is a licensed and respected broker. Pepperstone also has all the essential permits in each region where it works. As a result, UK and EEA citizens’ data is processed by Pepperstone Limited, a regulated UK corporation authorized by the Financial Conduct Authority.

Pepperstone makes market access simple, allowing clients to concentrate on the more challenging challenge of making money in the markets. Pepperstone is an excellent option for traders looking for low-cost options, various user interfaces and account types, and responsive customer care.

Pepperstone logo

Benefits of Pepperstone

  • The deposit and withdrawal processes are straightforward and, in most cases, cost less.
  • Creating an account is quick, easy, and entirely digital.
  • Customer service is responsive and accurate.

Drawbacks of Pepperstone

  • Demo accounts are only available for 30 days.
  • Trading is limited to currency and financial derivatives.

(Risk warning: 74-89 % of retail investor accounts lose money when trading CFDs)

4. IQ Option

The official website of the forex broker IQ Option

This platform was launched in 2013 as part of IQ Options Ltd’s parent company. They give you access to a wide range of financial products. It is one of the world’s most reputable and trustworthy brokers. It began as a binary trading (only for professional traders and outside EAA countries) platform but has since expanded to include CFD trading.

The business has created an IQ Option trading patterns tool to assist investors on their way to financial success. This tool, which is available on the service’s website, has the potential to improve the outcome of your investment significantly.

IQ Option trade platforms offer video tutorials for nearly every trade pattern. It will teach you all you need to know about employing such methods in a short amount of time. The gadget is easy to pinpoint because it is close to the trading interface.

iq option trading education videos

Traders from all over the world can use their platforms. They also have two different accounts: ordinary and VIP trade accounts. For practice, they provide a demo account. After practicing on the demo account, traders can open an actual performance.

IQ Option logo

Pros of IQ Option 

  • Withdrawals are processed immediately
  • The broker who is CySec-registered
  • There is full access to cryptocurrency markets such as bitcoin.

Cons of IQ Option

  • The auto-trading and self-build robot functionalities have been removed.
  • There is a limited selection of markets on forex and CFDs than some competitors.

(Risk warning: Your capital might be at risk.)

Is it legal to trade Forex in the Netherlands?

Flag of Netherlands

Forex brokers are permitted to operate lawfully in the Netherlands if they obtain official approval from the local regulator, the AFM. The Dutch regulatory structure closely resembles the European Securities and Markets Authority’s criteria. 

Licensed brokers must be completely transparent about their operations and make frequent updates on their trading volumes to the local authority.

Financial statements are expected to be submitted regularly by the companies. This allows the AFM to keep a close eye on its licensees’ financial operations and ensure that they comply with its standards. It also bans them from engaging in any deceptive or unequal business practices.

AFM Netherlands logo

Forex firms wishing to offer trading services in the Netherlands must first establish local offices and obtain the relevant permissions before beginning operations. The AFM authorizes brokers licensed in other top-tier EU jurisdictions to operate in the country under MiFID guidelines legitimately.

Local Forex traders benefit significantly from these stringent operational guidelines. They can benefit from high levels of security and better trade circumstances without having to worry about the hazards of financial fraud and irregularities.

The Dutch regulator’s website has a valuable registry that allows local traders to check whether a company is permitted before using its services. Public alerts regarding fraud and newsletters are issued regularly to keep the Dutch public informed about the latest financial scams.

The Netherlands’ Forex regulatory system is updated regularly to guarantee that it meets Europe’s current oversight standards. The regulations that govern retail trading using contracts for difference and binary options (only for professional traders and outside EAA countries) underwent a recent revision in 2019.

What are the financial regulations in the Netherlands? 

AFM official website

AFM has a comprehensive regulatory system that spells out the ground rules for operating in the Dutch financial markets. Only forex brokers with an AFM license or permission under the EU derivatives regulations can offer their products and services to Dutch traders.

All international brokers without a legitimate EU license will be prevented from serving Dutch investors, implying that every organization must first obtain a valid AFM license before starting operations in the country.

AFM-authorized brokers must submit periodic financial statements and audit reports to the AFM as part of their license requirements, allowing the organization to monitor the economic activity of a regulated member to verify that the company is not engaging in any fraudulent activities.

The AFM is also tight on operating capital, requiring brokers to keep their operating money separate from their clients’ funds in individual accounts. Apart from maintaining client funds in different versions, AFM Forex brokers must also notify the organization of any changes in issued capital if the company’s overall operating volume varies by more than 1% in three months.

AFM also publishes financial industry public alerts, warnings, and bulletins, which are an excellent way to remain up to date on the newest frauds and financial misdeeds. Consumers can also go to the AFM for grievances, problem resolution, arbitration, and legal assistance if all else fails.

(Risk warning: 79% of retail CFD accounts lose money)

Security for traders from the Netherlands – Good to know

Check if any internationally recognized foreign regulatory agencies regulate the broker. We strongly advise you to avoid brokers who do not have a presence outside the Netherlands.

Then you should compare historical spreads offered by various brokers. The commission you pay to your broker each time you trade is known as the spread. It is best to choose the broker with the most petite spreads. Examine whether the broker provides exceptional customer service.

Keep a watch on any documents about the purchase. To rapidly check all transactions, log into your online account regularly or if you receive an alert from your broker. You need a reliable and secure laptop or desktop computer for online trading. After you’ve finished your trade, always log out of the website or system.

Also, keep a lookout for fake stores. These unregulated brokers act on your behalf and promise a set price. On the other hand, they hold off on pocketing the difference until the price changes.

How to trade Forex in the Netherlands – A tutorial

Open an account for Forex trading

Opening a trading account with Pepperstone

A trader must present proof of identity and residency before opening a forex trading account. Either a driver’s license or a national identity card is required to prove identity. Either a utility bill or a bank statement will suffice as proof of residency.

Start with a demo account or real account

pepperstone demo account

Never start trading on a live account as a newbie since your real money is on the line. We recommend opening a demo account with your selected broker and then learning to trade by designing and testing a trading strategy to determine what works best for you in different market conditions. You should only use a Live account to change real money once you are confident in your trading style and strategy.

Deposit money

pepperstone deposits and withdrawals overview

After choosing a Forex Broker, you may open an account with them to start trading. With this account, you will be able to change the financial markets at actual currency rates. There are various means by which you can deposit into your trade account. All you need do is confirm which is acceptable by your broker and use it.

Notice:

The payment methods depend on your country of residence. Forex Brokers offer all kinds of methods separately for each country.

Use analysis and strategies

Well-known traders use analysis and tactics to assist them in forecasting market movements and entering live positions. These strategies include;

Price action trading

Capital.com - Price action trading

Instead of using technical indicators, price action trading focuses on making decisions based on the price fluctuations of a particular item. Price action trading can keep your charts clean and reduce the risk of information overload.

Day trading

Capital.com - Day Trading

These are trades that are closed out before the day’s end. This eliminates the possibility of being negatively impacted by substantial overnight movements. Day trading methods are popular among newbie Forex trading tactics. Trades might last a few hours, and price ranges on charts are usually one or two hours long.

Swing trade

Capital.com - swing trading

Traders that want to profit from short-term market patterns hold positions for several days. Every half-hour or hour, a swing trader might examine the bars.

Position trading

Capital.com - Position trading

Consistent trend following to profit from significant price shifts. Long-term traders frequently use the end-of-day charts. Traders must have a lot of patience and discipline to use the best positional trading methods. It necessitates a strong understanding of market fundamentals.

Make profit

Make a foreign exchange contract with the help of a broker. To conduct forex transactions according to your plan, use the given entry and exit locations. When trading, use risk management tools like a take-profit or stop-loss order.

To realize your profit, you must close the trade you started. You will either be lucrative or lose money once you complete the transaction, depending on the movement of the currency pair you were trading.

(Risk warning: 79% of retail CFD accounts lose money)

Conclusion: The best Forex Brokers are available in the Netherlands

Having a trustworthy and qualified broker is critical to your online trading success. To avoid losing your money, make sure your broker is not a fraud or untrustworthy. If you want to have a successful working relationship with your broker, make sure your requirements match their profile.

The bottom line for newcomers to the forex market is that profiting begins with the proper broker, the right amount of investment, and complete comprehension and use of trade techniques. You can make a lot of money through it, but you can get ripped off, defrauded, or lose money. The odds of turning a profit are to your benefit if you’re not excessive and have proper knowledge of the deal.

FAQ – The most asked questions about Forex Broker Netherlands:

Are traders in the Netherlands permitted to trade forex?

Yes, traders in the Netherlands can trade forex without any questions. All laws and regulations in the Netherlands support forex trading. Besides, several forex brokers are operating in the Netherlands. They make traders’ trading experiences fun by offering them leading features. For the finest forex trading experience, traders have access to a variety of services. 

How can a trader in the Netherlands sign up for a forex trading account?

Forex brokers in the Netherlands allow traders a seamless trading account signup process. A broker would only need to find a perfect forex broker in the Netherlands and choose the ‘signup’ option. After this, the broker asks the trader to enter his details and submit them. After the signup, a trader can fund his trading account with the respective forex broker and place his trade. 

Is forex trading a good choice for traders in the Netherlands?

Irrespective of the location, forex trading is beneficial for any trader. Whether you reside in the Netherlands or elsewhere, you can earn tremendous profits with forex trading. The key thing to consider is to prepare your trading strategies carefully. Then, you can use forex trading in the Netherlands to generate regular profits. For this purpose, you can use forex trading tools that your broker might offer you.

Last Updated on January 3, 2024 by Andre Witzel