Best Forex Brokers Finland for 2022
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.
- Saxo Bank - Best web-based trading platform
- XTB - Great research and education
- AvaTrade - Great for beginners and copy trading
- FXCM - Excellent trading platforms and tools
- Plus500 - Trusted broker, great for beginners
- Admiral Markets - Great for MetaTrader
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.
|Company||Accepts FI Residents||Average Spread EUR/USD - Standard||Minimum Initial Deposit||Overall Rating||Visit Site|
|IG||0.828 (September 2021)||£250.00||
|Saxo Bank||0.8 (August 2020)||$2,000|
|XTB||0.9 (Q3 2021)||$0|
|AvaTrade||0.91 (Aug 2020)||$100|
|FXCM||1.4 (Q2 2020)||Starts from $50|
|Plus500||0.6 (as of Aug 2018)||€100|
|Admiral Markets||0.8 (July 2021)||$100|
|IC Markets||0.62 (August 2021)||$200|
|Capital.com||0.6 (July 2021)||$20|
|XM Group||1.6 (Aug 2020)||$5|
|Pepperstone||0.77 (November 2021)||$200|
|FP Markets||1.2 (August 2022)||$100 AUD|
|Tickmill||0.27 (September 2021)||$100|
|HYCM (Henyep)||0.6 (Sept 2021)||$100|
|HFM||1.2 (August 2021)||$5|
|Vantage||1.22 (August 2021)||$200|
|Moneta Markets||1.22 (August 2021)||$50|
|BlackBull Markets||0.845 (October, 2021)||$50|
|ACY Securities||1.2 (Sept 2021)||$50|
|VT Markets||1.2 (September 2021)||$200|
|easyMarkets||0.9 (as of Mar 2020)||$100|
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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For our 2022 Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50,000 words of published research.
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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. Read more on forex trading risks.