The best Forex brokers in the country of Romania, according to our research, are:
- XTB
- Admirals
- eToro
- IG Markets
- XM
- Capital.com
- IC Markets
- BDSwiss
- Interactive Brokers
- FP Markets
To compile this ranking, we have taken several factors into consideration, including:
- The overall quality of the broker
- The regulations of the broker
- Romanian language availability
- Physical presence in the country
What are the best forex brokers in Romania?
Below is our curated list and review of the best forex brokers for traders living in Romania, 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 is authorized by Romanian ASF, doesn’t require a minimum deposit, supports Romanian traders through a local office in Bucharest and offers accounts in RON for diverse CFD trading via the xStation platform.
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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 by the Romanian Autoritatea de Supraveghere Financiara (ASF) under number PJM01FISMCYP1569.
- XTB supports Romanian traders with a physical office in Bucharest as well as Romanian language support on their website.
- There is no minimum deposit required by XTB in Romania.
- XTB Accounts can be opened in USD, EUR, and RON in Romania.
- XTB provides 5,400 CFDs through their proprietary xStation 5 trading platform, including over 40 forex pairs. Physical stocks and ETFs are also tradable in Romania.
- Spreads charged by XTB for Romanian clients start from 0.3 pips on forex with leverage of up to 1:30 on forex for retail traders and 1:200 for pro traders.
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
Admirals
Best MetaTrader broker
Admirals is authorized by Romanian ASF, requires a $100 minimum deposit and offers trading on USD, EUR, and RON accounts with access to over 3,900 CFDs, including 40+ forex pairs.
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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 is authorized by the Romanian ASF under the license number PJM01FISMCYP1772.
- Admirals have a $100 minimum deposit in place to start trading in Romania.
- Romanian traders can open accounts in USD, EUR, and RON.
- There are more than 3,900 CFDs to choose from with Admirals including in excess of 40 forex pairs. Real stocks can also be traded in Romania.
- Admirals spreads for Romanian clients start from 0 pips on forex and leverage of 1:30 is possible for retail clients with up to 1:500 accessible for pro clients.
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
eToro
Best social trading service
eToro provides services in Romania with Romanian ASF authorization, supporting USD accounts for a minimum deposit of $100, featuring over 1,000 CFDs and social trading capabilities.
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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 authorized to provide its service in Romania by the Romanian ASF under license number PJM01FISMCYP0961.
- eToro website is available in Romanian.
- eToro minimum deposit is $100 in Romania.
- Accounts can be opened by Romanian traders in USD with eToro. A conversion fee will be charged if you deposit in another currency.
- More than 1,000 CFDs including 47 forex pairs are tradable through eToro in Romania, as well as over 40 cryptocurrencies and real stocks that can be traded commission-free.
- eToro spreads start from 1 pip on forex and Romanian traders can access leverage of as much as 1:30 or 1:400 when trading as a retail or pro client respectively.
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
IG Markets
Best broker overall
IG Markets is regulated by Romanian ASF, with a $300 minimum deposit, offering USD and EUR accounts and trading access to over 17,000 CFDs, including 80 forex pairs.
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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 by the Romanian ASF (license number PJM01FISMDEU2334).
- An IG Markets minimum deposit of $300 is required for Romanian traders.
- In Romania, clients find USD and EUR as base currencies available.
- Romanian traders with IG Markets can trade among more than 17,000 CFDs, including 80 forex pairs.
- IG Markets spreads start on forex from 0.6 pips with leverage on forex reaching a maximum of 1:30 for Romanian retail traders and 1:222 for Romanian 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
XM
Great educational section
XM operates with Romanian ASF authorization, requiring a $5 minimum deposit, facilitating versatile trading on USD and EUR accounts with access to 1,000+ CFDs and a robust educational section.
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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 is authorized by the Romanian ASF under license number PJM01FISMCYP1151 to operate in Romania.
- XM requires a minimum deposit of $5 from Romanian clients.
- XM accounts in Romania can be opened in USD or EUR.
- More than 1,000 XM CFDs are available to be traded by Romanian traders including in excess of 55 forex pairs.
- Spreads at XM start on forex from 1 pip and retail traders can access leverage of up to 1:30.
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)
Capital.com
Best for CFD trading
Capital.com is authorized by Romanian ASF, allows trading for a $20 minimum deposit, offering accounts in USD and EUR, and access to over 6,000 CFDs, with AI-powered trading insights.
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About Capital.com
Capital.com is a global online broker founded in 2016, offering trading on forex, stocks, indices, commodities, and cryptocurrencies through CFDs. Capital.com provides proprietary web and mobile platforms alongside MetaTrader 4 and 5. Capital.com is regulated by multiple authorities including FCA, ASIC, CySEC, and SCB. Capital.com is known for its AI-powered trading insights and extensive educational resources. The Capital.com Group CEO is Kypros Zoumidou.
Capital.com Features
The features of Capital.com are listed below.
- Capital.com is authorized by the Romanian ASF (license number PJM01FISMCYP2155).
- Capital.com has a minimum deposit requirement of $20 for its Romanian traders.
- USD and EUR can be used to open Capital.com accounts in Romania.
- Romanian clients can trade more than 6,000 CFDs with Capital.com, including over 100 forex pairs.
- Spreads on forex start from 0.5 pips at Capital.com in Romania, with a leverage of up to 1:30 is available for retail traders and 1:500 for pro traders.
Capital.com Pros and Cons
Advantages of Capital.com
The advantages of Capital.com are listed below.
- Advanced Technology
- Low Trading Costs
- Regulated and Secure
Disadvantages of Capital.com
The disadvantages of Capital.com are listed below.
- Limited Protection for Professional Clients
- Charges Inactive Fees
- Not user-friendly
IC Markets
Wide range of account types
IC Markets is authorized by Romanian ASF, requires a $200 minimum deposit, providing trading on USD and EUR accounts with over 1,700 CFDs and competitive spreads starting at 0 pips.
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About IC Markets
IC Markets is a global forex and CFD broker founded in 2007 and based in Sydney, Australia. IC Markets offers trading on over 2,250 instruments including currencies, commodities, indices, stocks, and cryptocurrencies. IC Markets provides MetaTrader 4, MetaTrader 5, and cTrader platforms. IC Markets is regulated by multiple authorities including ASIC and CySEC. IC Markets is known for its ECN execution model and low spreads. The IC Markets CEO is Andrew Budzinski.
IC Markets Features
The features of IC Markets are listed below.
- IC Markets is authorized to operate in Romania by the Romanian ASF (license number PJM01FISMCYP2341).
- $200 is the minimum deposit required to open an account with IC Markets for Romanian clients.
- USD and EUR base currencies are accepted in Romania with IC Markets.
- IC Markets provides Romanian traders 1,700+ CFDs tradable with 60 forex pairs.
- The spreads charged by IC Markets in Romania start from 0 pips on forex, with a maximum leverage of 1:30 or 1:500 available for retail and pro traders respectively.
IC Markets Pros and Cons
Advantages of IC Markets
The advantages of IC Markets are listed below.
- Low-latency trading environment
- Institutional level liquidity
- MT4, MT5, cTrader platforms are all available
Disadvantages of IC Markets
The disadvantages of IC Markets are listed below.
- Small amount of educational tools for new traders
- Small range of tradable assets compared to other CFD/Forex brokers
BDSwiss
Wide range of account types
BDSwiss holds a Romanian ASF license and Romanian language support, requires a $100 minimum deposit, offering trading in USD, EUR, NOK accounts with extensive asset offerings.
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About BDSwiss
BDSwiss is a global forex and CFD broker established in 2012, offering trading on currencies, commodities, indices, stocks, and cryptocurrencies. BDSwiss provides MetaTrader 4, MetaTrader 5, and proprietary platforms. BDSwiss is regulated by multiple authorities including CySEC and FSC. BDSwiss is known for competitive spreads, fast execution, and extensive educational resources. BDSwiss serves over 1.6 million registered traders worldwide.
BDSwiss Features
The features of BDSwiss are listed below.
- BDSwiss is authorized by the Romanian ASF under the license number PJM01FISMCYP1699.
- BDSwiss’s website has Romanian language support.
- The minimum deposit for Romanian clients is $100 although BDSwiss is temporarily not accepting new clients at the moment.
- Romanian traders can open accounts with USD, EUR, and NOK base currencies.
- BDSwiss has over 200 tradable assets including 50 forex pairs available in Romania.
- Spreads at BDSwiss start from 0 pips on forex and there is maximum leverage of up to 1:30 (Romanian retail clients) and up to 1:400 (Romanian pro clients).
BDSwiss Pros and Cons
Advantages of BDSwiss
The advantages of BDSwiss are listed below.
- Extensive Symbol Offering
- MetaTrader Integration
- Regulatory Compliance
Disadvantages of BDSwiss
The disadvantages of BDSwiss are listed below.
- High Inactivity Fee
- Basic Proprietary Platform
Interactive Brokers
Great for professional traders
Interactive Brokers is authorized in Romania, requires no minimum deposit, offering USD and EUR accounts for trading over 10,000 assets with professional-grade trading fees.
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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 authorized in Romania by the Romanian ASF (license number PJM01FISMDHUN0186).
- Romanian traders won’t find a minimum deposit requirement to open an IB account.
- Interactive Brokers accounts can be opened in USD and EUR by Romanian clients.
- More than 10,000 assets can be traded in Romania with Interactive Brokers, including over 100 forex pairs.
- In Romania, spreads at Interactive Brokers start from 0.1 pips on forex with a leverage of up to 1:30 for retail traders and up to 1:400 is available for pro traders.
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
FP Markets
Excellent order execution speed
FP Markets operates under Romanian ASF authorization with a $100 minimum deposit, offering USD and EUR accounts, and enables trading on over 10,000 CFDs with competitive spreads.
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About FP Markets
FP Markets is an Australian-based global forex and CFD broker founded in 2005. FP Markets offers trading on over 10,000 instruments including forex, stocks, indices, commodities, and cryptocurrencies. FP Markets provides MetaTrader 4, MetaTrader 5, and proprietary platforms. FP Markets is regulated by multiple authorities including ASIC, CySEC, and FSA. FP Markets is known for tight spreads, fast execution, and extensive educational resources. The FP Markets CEO is Craig Allison.
FP Markets Features
The features of FP Markets are listed below.
- FP Markets is authorized by the Romanian ASF (license number PJM01FISMDCYP0066) to operate in the Country.
- FP Markets has a minimum deposit of $100 in Romania.
- Romanian clients can open FP Markets accounts in USD and EUR.
- More than 10,000 CFDs including over 70 forex pairs can be traded in Romania with FP Markets.
- The spreads on forex at FP Markets start from 0 pips on forex while there is a 1:30 maximum leverage available to Romanian retail clients, and 1:500 to Romanian pro clients.
FP Markets Pros and Cons
Advantages of FP Markets
The advantages of FP Markets are listed below.
- Broad Instrument Offering
- Competitive Spreads
- Multiple Trading Platforms
Disadvantages of FP Markets
The disadvantages of FP Markets are listed below.
- High Fees for International Withdrawals
- Outdated Platform Design
Is forex trading legal in Romania?
Forex trading is legal in Romania. It is regulated by ASF (Autoritatea de Supraveghere Financiara). In order to offer services in Romania, brokers must also be registered within an EU country.
How to trade forex in Romania
Since Romania is in the EU, brokers must follow the mandatory ESMA regulatory structure. This means you will need an ID such as a passport, and proof of residence to sign up. You will also have to answer some KYC questions in relation to your product knowledge and your current economic situation. Once this is done you can fund your account.
None of the above is usually required for demo accounts. These can be opened with email and passwords only on most occasions.
What should Romanian traders look for in a forex broker?
Limitations to note when trading in Romania include that both spread betting and binary options are banned. Forex brokers also can’t offer welcome or deposit bonuses, and the maximum leverage for retail traders is 1:30.
Here are some tips for choosing a broker in Romania:
1. Look for regulated forex brokers
The first is to choose a well-regulated broker. Since Romanian brokers need to be registered in Europe, they will have ESMA regulation which is very well-respected.
2. Choose brokers that offer low spreads and commissions
Spreads should be kept as low as possible. Under 1 pip on major forex pairs is ideal. Also, you should check deposit and withdrawal fees based on the currency and payment methods you will use. It is also worth looking at any active trader program a broker may have that could be beneficial.
3. If you want to keep your budget low, look for brokers with nano-lots
Nano lots are an excellent way to trade on lower budgets. These can typically allow you to open positions as low as €0.33 with a normal minimum amount of €33. Cent accounts can be even lower than €10.
How to verify if a forex broker is regulated in Romania
You can start by checking the ESMA regulation of your broker. Visit the ESMA official website and look for the list featuring the European national regulators. If your broker is regulated in one of these countries then it’s also ESMA regulated. Romanian ASF regulation can be checked on the official website of Autoritatea de Supraveghere Financiara (ASF). Here you will find the firm register on the website.
Is forex trading taxable in Romania?
Forex trading is taxable in Romania. Capital gains are subject to a flat 10% tax on incomes. Broker or transaction fees are tax-deductible and May 25th is the deadline for any tax declarations.