The ForexBrokers.com annual forex broker review (four years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test.
Trading forex (currencies) in Austria is popular among residents. While recommended, forex brokers are not required to become authorised by the Financial Market Authority (FMA) to accept residents of Austria as customers.
The Financial Market Authority is the financial regulatory body in Austria. Website: https://www.fma.gv.at/. The FMA does not have any social media accounts to follow.
The Financial Market Authority was established in 2002 and is responsible for supervising banks, investment firms, investment service providers, and stock exchange companies, amongst others. The FMA also monitors the compliance of firms, ensuring that principles of good governance are adhered to. For more information on what the FMA does, read their about page.
Best Forex Brokers Austria
Here is our list of the best forex brokers in Austria.
- IG - Best Overall Broker 2020
- Swissquote - Best banking services
- Saxo Bank - Best VIP client experience
- Plus500 - Best for beginners overall
- Interactive Brokers - Best for professionals
- FOREX.com - Great platforms and pricing
- City Index - Excellent all around offering
- FXCM - Well-rounded offering
- XTB - Best customer service, great platform
Austria Forex Brokers Comparison
Compare Austria authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's ForexBrokers.com Trust Score.
|Forex Broker||Accepts AT Residents||Average Spread EUR/USD - Standard||Minimum Initial Deposit||Trust Score||Overall||Visit Site|
|FP Markets||Yes||1.140||$100 AUD||81||N/A|
How to Verify FMA Authorisation
Residents of Austria can search the FMA company register to verify whether or not a broker is authorized. If a company is authorized a company profile will be available with a registration number and date.
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For our 2020 Forex Broker Review we assessed, rated, and ranked 30 international forex brokers. Each broker was graded on 105 different variables and, in total, over 50,000 words of research were produced.
While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.
All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 1% each year, providing site visitors quality data they can trust. Learn more about 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.