Best Forex Brokers Finland for 2023
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.
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
- Plus500 - Multi-asset broker, great for beginners
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 Deposit||Overall Rating||Visit Site|
|FXCM||1.38||Starts from $50||
|Plus500||0.8 (August 2021)||€100|
|FP Markets||1.2||$100 AUD|
|HYCM (Henyep Capital Markets)||0.6||$20|
How to Verify FIN-FSA Authorisation
Residents of Finland can search the FIN-FSA company register to verify whether or not a broker is regulated by the Financial Supervision Authority. If a company is authorized, a company profile will be available with a registration number and date upon searching.
Why regulation is important
Choosing a highly regulated forex broker is an important part of avoiding forex scams. My educational series covering forex scams shows you how to identify common forex scams and delivers actionable information about what to do if you've been scammed. I also help crypto enthusiasts and bitcoin traders to spot common crypto scams.
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At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Our research team, led by Steven Hatazkis, conducts thorough testing on a wide range of features, products, and services. We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Our research team collects and validates thousands of data points each year.
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.
Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s regulatory status and number of held regulatory licenses.
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 also test on mobile devices; for Apple, we test using the iPhone XS running iOS 16, and for Android we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 13.
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Read our Generative AI policy to learn more.
Read our full explanation and accounting of our research and testing process to 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. Read more on forex trading risks.