The ForexBrokers.com annual forex broker review (five 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 Finland is popular among residents. While recommended, forex brokers are not required to become authorised by the Financial Supervision Authority (FIN-FSA) to accept residents of Finland as customers.
The Financial Supervision Authority is the financial regulatory body in Finland. Website: https://www.finanssivalvonta.fi/. We recommend residents of Finland follow the FIN-FSA on Twitter: https://twitter.com/fin_fsa.
The FIN-FSA was formed in 2009 and is responsible for the regulation of financial markets in Finland. For a historical breakdown, here's a link to the Financial Supervision Authority webpage on Wikipedia.
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.Best Forex Brokers Finland
To find the best forex brokers in Finland, we created a list of all brokers that list Finland as a country they accept new customers from. We then ranked brokers by their Overall ranking.
Here is our list of the best forex brokers in Finland.
- IG - Best overall broker 2021, most trusted
- Saxo Bank - Best for research, trusted global brand
- XTB - Best customer service, great trading platform
- eToro - Best copy trading platform
- FXCM - Excellent platforms, great mobile app
- AvaTrade - Multiple trading platform options
- XM Group - Well-rounded offering
Finland Forex Brokers Comparison
Compare Finland 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 Overall ranking.
| Forex Broker | Accepts FI Residents | Average Spread EUR/USD - Standard | Minimum Deposit | Overall | Visit Site |
|---|---|---|---|---|---|
| IG | Yes | 0.745 | £250.00 | Visit Site | |
| Saxo Bank | Yes | 0.800 | $10,000.00 | N/A | |
| XTB | Yes | 0.860 | $0.00 | N/A | |
| eToro | Yes | 1.00 | $50-$200 | N/A | |
| FXCM | Yes | 1.400 | Starts from $50-£300 (depending on location) | N/A | |
| AvaTrade | Yes | 0.910 | $100.00 | N/A | |
| XM Group | Yes | 1.600 | $5-100 | N/A | |
| FP Markets | Yes | 1.140 | $100 AUD | N/A | |
| Plus500 | Yes | 0.600 | €100 | N/A | |
| Pepperstone | Yes | 0.750 | $200.00 | N/A | |
| IC Markets | Yes | 0.800 | $200 | N/A | |
| Tickmill | Yes | 0.530 | $100.00 | N/A | |
| FxPro | Yes | 1.510 | $100.00 | N/A | |
| Vantage FX | Yes | 1.100 | $200 | N/A | |
| Moneta Markets | Yes | 1.100 | $200.00 | N/A | |
| HYCM | Yes | 2.00 | $100 | N/A | |
| Eightcap | Yes | $100 | N/A | ||
| VT Markets | Yes | 1.30 | $200 | N/A | |
| BlackBull Markets | Yes | 0.76 | $200 | N/A |
How to Verify FIN-FSA Authorisation
Residents of Finland can search the FIN-FSA 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 upon searching.
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Methodology
For our 2021 Forex Broker Review we assessed, rated, and ranked 27 international forex brokers over a three-month time period resulting in over 50,000 words of published research.
Each broker was graded on 108 different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure (read about Trust Score here).
As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy.
Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with 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.
