The best Forex brokers in the country of Czech Republic, according to our research, are:
- XTB
- Pepperstone
- eToro
- XM
- Admirals
- Interactive Brokers
- Dukascopy
- EasyMarkets
- IG Markets
- Tickmill
We have taken several factors into consideration, including:
- The overall quality of the broker
- The regulations of the broker
- CZK account availability
- Czech language availability
- Physical presence in the country
What are the best forex brokers in Czech Republic?
Below is our curated list and review of the best forex brokers for traders living in Czech Republic, with details and information about the country laws, the features, and the characteristics.
Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
XTB
best local assistance and support
XTB operates in the Czech Republic, authorized by CNB, offering accounts in CZK, EUR, USD, and supports payments via bank transfers and PayPal.
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About XTB
XTB is a global forex and CFD broker founded in 2002 and headquartered in Poland. XTB offers trading on over 2,000 instruments including currencies, stocks, indices, commodities, and cryptocurrencies. XTB provides the proprietary xStation platform and is regulated by multiple authorities including FCA, CySEC, and KNF. XTB is listed on the Warsaw Stock Exchange and serves over 897,500 clients worldwide. The XTB CEO is Omar Arnaout since March 2017.
XTB Features
The features of XTB are listed below.
- XTB is authorized in the Czech Republic by the Česká Národní Banka (CNB) under registration number 27867102 with a physical office in Prague and their website is also available in Czech.
- You can deposit and open XTB accounts in the Czech Republic with CZK, EUR, or USD.
- To deposit funds, XTB accepts payments through bank transfers, credit/debit cards, and PayPal in the Czech Republic.
- XTB provides trading on more than 40 forex pairs with spreads starting from 0.3 pips on EUR/USD and a leverage of up to 30:1 (retail clients) or 200:1 (pro traders only).
XTB Pros and Cons
Advantages of XTB
The advantages of XTB are listed below.
- No minimum deposit
- Wide selection of assets
- Competitive trading costs
Disadvantages of XTB
The disadvantages of XTB are listed below.
- Small withdrawal fee
- No social or copy trading
- XTB demo account is limited to 30 days
Pepperstone
great for scalpers
Pepperstone provides cross-border services in the Czech Republic, authorized by CNB, supports EUR and USD accounts with deposits via bank wires and credit cards.
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About Pepperstone
Pepperstone is a global forex and CFD broker founded in 2010 in Melbourne, Australia. Pepperstone offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader and cTrader platforms. Pepperstone is regulated by multiple authorities including ASIC, FCA, and CySEC. Pepperstone is known for competitive spreads, fast execution, and extensive educational resources. Pepperstone serves clients in over 160 countries worldwide. The Pepperstone CEO is Tamas Szabo.
Pepperstone Features
The features of Pepperstone are listed below.
- Pepperstone is CySEC regulated and authorized by the Czech CNB to provide cross-border services in the Czech Republic.
- The Czech language is unavailable on Pepperstone’s website.
- Though CZK deposits are available with Pepperstone, Czech Republic traders can only open accounts in EUR or USD.
- Local deposit options in the Czech Republic with Pepperstone are bank wires and credit/debit cards.
- Pepperstone offers over 60 forex pairs charging spreads from 0 pips on EUR/USD
- Leverage in the Czech Republic is limited to 30:1 for retail clients or up to 500:1 for pro traders.
Pepperstone Pros and Cons
Advantages of Pepperstone
The advantages of Pepperstone are listed below.
- Stable raw spreads (0,09 pips on EUR/USD on average)
- Caters for algorithmic trading
- Has won over 30 Forex industry awards
Disadvantages of Pepperstone
The disadvantages of Pepperstone are listed below.
- The demo account is not unlimited
eToro
best social trading platform
eToro is licensed by CNB, provides services in the Czech language, with USD as the only base currency and supports multiple deposit methods including PayPal.
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About eToro
eToro is a global multi-asset investment platform founded in 2007, offering trading on stocks, ETFs, Crypto CFDs, commodities, and forex. eToro provides a proprietary web and mobile platform with social trading features. eToro is regulated by multiple authorities including FCA, ASIC, and CySEC. eToro is known for its user-friendly interface, copy trading functionality, and commission-free stock trading. eToro serves over 30 million users worldwide. The eToro CEO and co-founder is Yoni Assia.
eToro Features
The features of eToro are listed below.
- eToro is regulated by CySEC and licensed by the CNB to provide cross-border services in the Czech Republic with a website available in the local language.
- All trading accounts with eToro are set with USD as the only base currency though you can deposit with CZK in the Czech Republic and be subject to a conversion fee.
- Depositing your funds in the Czech Republic is supported by eToro via credit cards, bank wires, Sofort, PayPal, Skrill, and Neteller
- eToro opens access to more than 45 currency pairs with a spread from 1 pip on EUR/USD.
- Czech Republic traders are limited to a 30:1 leverage unless you are a pro trader with eToro and have access to a 400:1 ratio.
eToro Pros and Cons
Advantages of eToro
The advantages of eToro are listed below.
- Great copy trading and social trading features
- Wide range of asset classes
- It allows to buy fractional stocks from $10
Disadvantages of eToro
The disadvantages of eToro are listed below.
- The eToro spreads can be high
- Offers only USD accounts
- Transferring cryptocurrencies to other platforms can be hard
XM
best educational section
XM operates under CNB authorization, provides services in Czech language, allows CZK deposits but not as a base currency, offering over 50 forex pairs.
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About XM
XM is a global forex and CFD broker founded in 2009, offering trading on currencies, commodities, indices, stocks, and cryptocurrencies. XM provides MetaTrader 4, MetaTrader 5, and proprietary platforms. XM is regulated by multiple authorities including CySEC, ASIC, and IFSC. XM is known for competitive spreads, extensive educational resources, and multilingual customer support. XM serves over 5 million clients from 196 countries. XM offers various account types and a no-requote policy.
XM Features
The features of XM are listed below.
- XM can operate in the Czech Republic via a cross-border authorization of the CNB providing also a website in the Czech language.
- There is a good range of base currency with XM in the Czech Republic but CZK is not among them even though you can use it for deposit purposes.
- XM includes more than 50 tradable forex pairs with a spread from 0.1 pips on EUR/USD.
- Leverage in the Czech Republic is 30:1 due to regulation.
XM Pros and Cons
Advantages of XM
The advantages of XM are listed below.
- There’s a wide range of account types
- The demo account at XM is unlimited
- Wide range of educational resources
Disadvantages of XM
The disadvantages of XM are listed below.
- No social trading features available
- The account availability changes depending on the location of the trader
- High minimum deposit to invest in securities ($10000 for the XM Shares account)
Admirals
best MetaTrader broker
Admirals supports CZK as a base currency, requires a minimum deposit of 1000 CZK, and offers Czech language support and services under CNB authorization.
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About Admirals
Admirals, formerly Admiral Markets, is a global forex and CFD broker founded in 2001. Admirals offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader platforms. Admirals is regulated by multiple authorities including CySEC and FCA. Admirals is known for competitive spreads and extensive educational resources. Admirals recently halted onboarding of new EU clients to comply with regulatory standards. The co-founder of Admirals and CEO of Admirals Group is Alexander Tsikhilov.
Admirals Features
The features of Admirals are listed below.
- Admirals have regulation in place from the CySEC within the EU and are also authorized in the Czech Republic by the CNB.
- The Admirals website supports the Czech language.
- CZK accounts are supported by Admirals in the Czech Republic if you deposit via credit or debit cards.
- Czech Republic traders have an Admirals minimum deposit of 1000 CZK.
- Admirals provide trading on over 40 forex pairs in the Czech Republic with spreads from 0.1 pips on EUR/USD.
- Czech Republic traders have access to leverage of up to 1:30 for retail traders and 1:500 for Admirals pro traders.
Admirals Pros and Cons
Advantages of Admirals
The advantages of Admirals are listed below.
- Extensive Forex Options
- Strong Regulatory Framework
- Advanced Educational Resources
Disadvantages of Admirals
The disadvantages of Admirals are listed below.
- Charges Inactivity Fee
- Mobile App Limitations
- Higher Average Spreads for Some Assets
Interactive Brokers
best for professional traders
Interactive Brokers offers cross-border services in Czech Republic under CNB authorization, supports CZK base currency, and requires no minimum deposit, with leverage up to 1:30.
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About Interactive Brokers
Interactive Brokers is a global electronic broker founded in 1978, offering trading in stocks, options, futures, forex, bonds, ETFs, and cryptocurrencies across 150 markets in 33 countries. Interactive Brokers provides advanced trading platforms, low commissions, and access to a wide range of financial instruments. Interactive Brokers is known for its sophisticated technology and serves both retail and institutional clients. Interactive Brokers is regulated by multiple top-tier authorities worldwide. The CEO of the Interactive Brokers Group is Milan Galik.
Interactive Brokers Features
The features of Interactive Brokers are listed below.
- Interactive Brokers is regulated in the EU by the Central Bank of Hungary while being authorized by the Czech CNB to offer cross-border services in the Czech Republic.
- To open a trading account in the Czech Republic with Interactive Brokers there is no minimum deposit and you can choose CZK as your base currency.
- Interactive Brokers offers over 100 forex pairs in the Czech Republic with spreads starting 0.1 pips on EUR/USD.
- Czech Republic clients have leverage of up to 1:30 for IB retail clients and 1:400 for IB pro clients.
Interactive Brokers Pros and Cons
Advantages of Interactive Brokers
The advantages of Interactive Brokers are listed below.
- Low Trading Fees
- Advanced Trading Tools
- Wide Market Access
Disadvantages of Interactive Brokers
The disadvantages of Interactive Brokers are listed below.
- Not user-friendly
- No MetaTrader Support
- Additional Fees
Dukascopy
best trading platform
Dukascopy operates in the Czech Republic, authorized by CNB, offers CZK accounts with deposits starting at 100 CZK, available website in the local language.
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About Dukascopy
Dukascopy is a Swiss online bank founded in 2004, offering forex, CFD, and options trading through its proprietary platform, aling with standard banking services such as e-banking and credit cards. Dukascopy is regulated by FINMA, Dukascopy emphasizes advanced technology and competitive trading conditions. Dukascopy CEOs are Dr. Andre Duka and Veronika Duka, who are the founding shareholders.
Dukascopy Features
The features of Dukascopy are listed below.
- Dukascopy is regulated in the EU and also authorized by the Czech CNB providing cross-border services in the Czech Republic and a website available in local language.
- CZK accounts are available with Dukascopy with a minimum deposit in Czech Republic of 100 CZK.
- Deposits in Czech Republic are supported by Dukascopy with bank transfers, credit cards, Skrill, Neteller, and cryptos.
- Dukascopy provides more than 60 currency pairs with spreads starting from 0.2 pips on EUR/USD in Czech Republic.
- Leverage available in Czech Republic is up to 30:1 as a Dukascopy retail trader or up to 1:200 as a pro trader.
Dukascopy Pros and Cons
Advantages of Dukascopy
The advantages of Dukascopy are listed below.
- Regulated Security
- Competitive Trading Conditions
- Diverse Asset Range
Disadvantages of Dukascopy
The disadvantages of Dukascopy are listed below.
- Limited Educational Resources
- Withdrawal Fees
- Inactivity Fees
EasyMarkets
great risk-management features
easyMarkets operates in the Czech Republic, authorized by CNB, supports CZK as a base currency and provides leverage up to 1:30 for retail clients.
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About EasyMarkets
EasyMarkets is a global forex and CFD broker founded in 2001, offering trading on currencies, commodities, indices, cryptocurrencies, and stocks. EasyMarkets provides proprietary web and mobile platforms alongside MetaTrader 4 and 5. EasyMarkets is regulated by multiple authorities including CySEC and ASIC. EasyMarkets is known for innovative features like dealCancellation and fixed spreads. EasyMarkets serves clients worldwide and has received numerous industry awards. The EasyMarkets CEO is Nikos Antoniades.
EasyMarkets Features
The features of EasyMarkets are listed below.
- easyMarkets is regulated in the EU by the CySEC and authorized by the Czech CNB for cross-border services in the Czech Republic.
- You can deposit and open an easyMarkets trading account with CZK as your base currency in Czech Republic.
- easyMarkets make available more than 100 forex pairs with spread on EUR/USD from 0.3 pips
- Leverage is available on forex in Czech Republic up to 1:30 for retail clients and 1:500 for easyMarkets pro clients.
EasyMarkets Pros and Cons
Advantages of EasyMarkets
The advantages of EasyMarkets are listed below.
- Innovative Risk Management Tools
- User-Friendly Platform
- Regulatory Trust
Disadvantages of EasyMarkets
The disadvantages of EasyMarkets are listed below.
- Limited Tradeable Symbols
- Higher Spreads on Some Accounts
- Outdated User Experience
IG Markets
wide range of markets
IG Markets is authorized by CNB, services in the Czech Republic with deposits in USD, EUR, GBP, and leverage up to 1:30 for retail traders.
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About IG Markets
IG Markets is a global online trading provider founded in 1974, offering access to over 17,000 financial markets including forex, stocks, indices, commodities, and cryptocurrencies. IG Markets provides proprietary trading platforms alongside MetaTrader 4 and ProRealTime. IG Markets is regulated by multiple top-tier authorities worldwide, including the FCA and ASIC. IG Markets is known for competitive spreads, extensive educational resources, and innovative features like weekend trading. The IG Markets’ parent company “IG Group” CEO is Breon Corcoran.
IG Markets Features
The features of IG Markets are listed below.
- IG Markets is regulated in the EU by BaFin and authorized by the Czech CNB for cross-border services in Czech Republic.
- The only base currencies available with IG Markets are USD, EUR, and GBP so if you deposit CZK in Czech Republic you are likely to pay a conversion fee.
- IG Markets offers over 80 forex pairs with spreads from 0.6 pips on EUR/USD in Czech Republic.
- Leverage available in Czech Republic is up to 1:30 for IG Markets retail traders and 1:222 for pro traders.
IG Markets Pros and Cons
Advantages of IG Markets
The advantages of IG Markets are listed below.
- Low spreads from 0.6 pips on Forex
- Wide range of financial instruments
- 40 years of experience in the Forex industry
Disadvantages of IG Markets
The disadvantages of IG Markets are listed below.
- No copy trading features
- No social trading features
Tickmill
wide range of trading accounts
Tickmill offers cross-border services in the Czech Republic, authorized by CNB, does not support CZK accounts, offers leverage up to 1:30.
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About Tickmill
Tickmill is a global multi-asset broker founded in 2014, offering trading on forex, CFDs, stocks, indices, commodities, and cryptocurrencies. Tickmill provides MetaTrader 4, MetaTrader 5, and proprietary platforms. Tickmill is regulated by multiple authorities including FCA, CySEC, and FSCA. Tickmill is known for low spreads, fast execution, and extensive educational resources. Tickmill serves over 500,000 clients worldwide. The Tickmill CEO is Sudhanshu Agarwal.
Tickmill Features
The features of Tickmill are listed below.
- Tickmill is well-regulated in the EU by the CySEC and authorized by the Czech CNB to offer cross-border services in Czech Republic.
- CZK accounts are unavailable in Czech Republic so depositing CZK with Tickmill will charge you a conversion fee.
- Tickmill processes payments in Czech Republic through bank transfers, credit/debit cards and Skrill.
- Tickmill offers more than 60 forex pairs in Czech Republic with spread on EUR/USD starting from 0.1 pips.
- Traders based in Czech Republic have leverage available up to 1:30 for Tickmill retail traders and 1:300 for Tickmill pro traders.
Tickmill Pros and Cons
Advantages of Tickmill
The advantages of Tickmill are listed below.
- Regulatory Trust
- Competitive Pricing
- Comprehensive Platform Support
Disadvantages of Tickmill
The disadvantages of Tickmill are listed below.
- Limited Asset Variety
- Higher Costs on Classic Account
- Discontinued Features
Is forex trading legal in Czech Republic?
Forex trading is legal in the Czech Republic. The forex market in the country is regulated by the Česká Národní Banka (CNB). A broker that wants to offer service in the country must be registered within any EU country.
How to trade forex in Czech Republic
ESMA regulations mean that each EU nation has a set regulatory structure with certain mandatory elements for trading forex. This means you will need both an ID such as your passport and proof of residence to verify your account.
A broker will also require you to complete some KYC (Know Your Customer) questions including some basic questions about your knowledge of the product offering and your own economic situation to confirm you are suitable for trading. Your account will then be ready to fund.
With a demo account, these steps are not needed and the accounts can typically be opened with just an email and password since trading on demo accounts is risk-free using virtual funds.
What should Czech traders look for in a forex broker?
Some limitations you will encounter when trading forex in the Czech Republic include the maximum leverage being 1:30 as a retail trader, both spread betting and binary options trading are banned, and brokers cannot offer welcome bonuses or deposit bonuses. However, they can offer benefits to loyal or active traders.
Here are three tips for making your Czech Republic broker choice:
1. Look for regulated forex brokers
It is important to choose a well-regulated broker. Being in the EU means that brokers can’t offer services in the Czech Republic unless they are ESMA regulated. This means you should always be dealing with a trustworthy broker.
2. Choose brokers that offer low spreads and commissions
You should be trying to select brokers with low spreads and commissions. Below 1 pip on major forex pairs is a general rule. Also, look out for deposit and withdrawal fees on your payment methods. Active trader programs can be a good way to save on some fees or earn rebates.
3. If you want to keep your budget low, look for brokers with nano-lots
Nano lots are a good way to trade for low-budget users. These positions can usually be opened on forex for just €0.33. Normally, the minimum amount is €33 for nano lots. Cent accounts are another option where the minimum deposit usually starts at €10.
How to verify if a forex broker is regulated in Czech Republic
You can verify your brokers’ ESMA regulation by going to the ESMA official website and looking for the list featuring the European national regulators. If your broker is based in an EU country then it is also ESMA regulated. If the broker holds at least one EU regulation, it will most likely hold the Czech CNB license as well. To double-check it, go to the official website of Česká národní banka (CNB), and find the firm registered on the website.
Is forex trading taxable in Czech Republic?
Forex trading is taxable in the Czech Republic. There is no separate capital gains tax in the country which means any capital gains are included in the individual income tax base as ordinary income. The tax rate for residents of the Czech Republic is 15%.