Best Forex Brokers Portugal for 2022.
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Trading forex (currencies) in Portugal is popular among residents. While recommended, forex brokers are not required to become authorised by the Comissão do Mercado de Valores Mobiliários (CMVM) to accept residents of Portugal as customers.
The Comissão do Mercado de Valores Mobiliários is the financial regulatory body in Portugal. Website: https://www.cmvm.pt. We also recommend residents of Portugal follow the CMVM on Twitter: https://twitter.com/CMVM pt.
The CMVM was established in 1991 and is responsible for making sure financial markets are stable, mediating conflicts between financial entities, and assisting the Finance Minister with other tasks. For a historical breakdown, here's a link to the Comissão do Mercado de Valores Mobiliários 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 Portugal.
To find the best forex brokers in Portugal, we created a list of all brokers that list Portugal 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 Portugal.
- Best overall broker, most trusted - Best web-based trading platform - Great overall, best for professionals - Great research and education - Great for beginners and copy trading - Excellent trading platforms and tools - Trusted broker, great for beginners.
Portugal Forex Brokers Comparison.
Compare Portugal 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 PT Residents Average Spread EUR/USD - Standard Minimum Deposit Overall Visit Site IG Yes 0.828 £250.00 5 Stars Visit Site Saxo Bank Yes 0.800 $2,000.00 5 Stars Visit Site Interactive Brokers Yes 0.600 $0 5 Stars Visit Site XTB Yes 0.900 $0.00 4.5 Stars Visit Site AvaTrade Yes 0.910 $100.00 4.5 Stars Visit Site FXCM Yes 1.400 Starts from $50 4.5 Stars N/A Plus500 Yes 0.600 €100 4.5 Stars N/A Admiral Markets Yes 0.800 100 4.5 Stars N/A IC Markets Yes 0.620 $200 4.5 Stars Visit Site Capital.com Yes 0.800 $20.00 4.5 Stars Visit Site XM Group Yes 1.600 $5 4 Stars Visit Site Pepperstone Yes 0.770 $200.00 4 Stars N/A FP Markets Yes 1.200 $100 AUD 4 Stars Visit Site Tickmill Yes 0.270 $100.00 4 Stars Visit Site HYCM Yes 0.600 $100 4 Stars Visit Site HFM (HF Markets) Yes 1.200 $5 4 Stars Visit Site Vantage Yes 1.220 $200 4 Stars N/A Moneta Markets Yes 1.220 $50.00 4 Stars N/A BlackBull Markets Yes 0.845 $50 4 Stars N/A Trade Nation Yes 0.60 $0 4 Stars N/A ACY Securities Yes 1.200 $50 4 Stars N/A Eightcap Yes $100 4 Stars N/A VT Markets Yes 1.200 $200 4 Stars N/A easyMarkets Yes 0.900 $100.00 4 Stars N/A LegacyFx Yes 0.00 $500 3.5 Stars N/A.
How to Verify CMVM Authorisation.
Unfortunately, the CMVM does not provide a list of authorized forex brokers; however, residents can contact the CMVM directly to verify authorisation.
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Methodology.
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.
Each broker was graded on 113 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 more 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.Read more on forex trading risks.
About the author: 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. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 01/10/2022 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the "Contact" link at the bottom of this page.
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