Best Forex Brokers Finland for 2023

Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Joey Shadeck

July 17, 2023

ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's 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 74% and 89% 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, most trusted
Saxo Bank - Best web-based trading platform
FOREX.com

- Excellent all-round offering
XTB - Great research and education
AvaTrade - Great for beginners and copy trading
FXCM

- Excellent trading platforms and tools
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
IG	check	0.86	£250.00		Visit Site
Saxo Bank	check	0.9	€2,000
FOREX.com	check	1.4	$100		Visit Site
XTB	check	1.07	$0
AvaTrade	check	0.92	$100
FXCM	check	1.38	Starts from $50		Visit Site
Plus500	check	0.8 (August 2021)	€100
Capital.com	check	0.65	$20
XM Group	check	1.6	$5
Pepperstone	check	0.77	$200
Admiral Markets	check	0.8	$100
FP Markets	check	1.2	$100 AUD
IC Markets	check	0.62	$200
Tickmill	check	0.51	$100
BlackBull Markets	check	0.827	$0
HFM	check	1.2	$0
FlowBank	check	N/A	$0
HYCM (Henyep Capital Markets)	check	0.6	$20
Trading 212	check	N/A	€10
Eightcap	check	1.0	$100
Trade Nation	check	0.6	$0
Moneta Markets	check	1.27	$50
ACY Securities	check	1.2	$50
easyMarkets	check	0.9	$50
Axi	check	N/A	$0

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.

securityWhy 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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Methodology

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.

About the Editorial Team

Steven Hatzakis

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

John Bringans

John Bringans is the Senior Editor of ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.