Best Forex Brokers in Romania 2022

filippo ucchino Filippo Ucchino calendar Last Updated: April 2022 timer 9 min read
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At InvestinGoal, we adhere to strict standards to ensure an unbiased review process. We conduct our reviews by examining each broker’s offering and performance across 4 key categories. A final rating is produced for each forex broker based on a total of 187 data points. Learn more about our review process and methodology.

It is important when trading forex to select a broker that provides good support, a wide range of assets, and favorable trading conditions. This is not always an easy combination to find. In this listing, the expert InvestinGoal review team has analyzed some of the best forex brokers to find exactly that.

We have put together a selection of some of the most trusted brokers in Romania and looked in detail at key aspects of these brokers such as account types, fees, and more to provide the most comprehensive detail possible to traders.

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
Table of contents

Round-up of the best forex brokers in Romania

  1. XTB: Best local assistance and support
  2. Admirals: Best MetaTrader broker
  3. eToro: Best social trading service
  4. IG Markets: Best broker overall
  5. XM: Great educational section
  6. Capital.com: Best for CFD trading
  7. IC Markets: Best for low spreads
  8. BDSwiss: Wide range of account types
  9. Interactive Brokers: Great for professional traders
  10. FP Markets: Excellent order execution speed

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

Top 10 forex brokers in Romania: 2022 list

XTB is an experienced and well-regulated DMA broker. The broker is regulated in the EU by the KNF and authorized by the Romanian Autoritatea de Supraveghere Financiara (ASF) under number PJM01FISMCYP1569. The broker supports Romanian traders with a physical office in Bucharest as well as Romanian language support on their website.

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 start from 0.3 pips on forex and there is no minimum deposit required by XTB. The broker offers leverage of up to 1:30 on forex for retail traders and 1:200 for pro traders. Accounts can be opened in USD, EUR, and RON while a demo account valid for 30 days is also available. This demo account can be renewed.


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79% of retail investor accounts lose money

Admirals is a respected ECN/STP broker regulated in the EU by the CySEC and authorized by the Romanian ASF under the license number PJM01FISMCYP1772. There are more than 3,900 CFDs to choose from with the broker including in excess of 40 forex pairs. Real stocks can also be traded in Romania on one of the 3 live account types available.

Admirals spreads start on forex from 0 pips with a Zero account and leverage of 1:30 is possible for retail clients with up to 1:500 accessible for pro clients. The broker has a $100 minimum deposit in place to trade forex with a Trade or Zero account. Accounts can be opened in USD, EUR, and RON with a demo account that is valid for 30 days and provides access to MT4 and MT5 trading platforms. The MetaTrade Supreme Edition trading platform is also available. Romanian is available as a language of choice on the broker website.


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76% of retail investor accounts lose money

eToro is an STP/NDD broker and leader in the social trading space. The broker website is available in Romanian. eToro is regulated in the EU by the CySEC and also authorized by the Romanian ASF under license number PJM01FISMCYP0961. More than 1,000 CFDs including 47 forex pairs are tradable through eToro. Over 40 cryptocurrencies are also available as well as real stocks that can be traded commission-free.

Spreads start from 1 pip on forex and traders can access leverage of as much as 1:30 or 1:400 when trading as a retail or pro client respectively. The broker has a minimum deposit of $50 and offers accounts in USD only. Depositing other currencies is possible but may attract a conversion fee. eToro also offers an unlimited demo account to try out their proprietary trading platform and the broker.


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68% of retail investor accounts lose money

IG Markets is an extremely experienced DMA (Direct Market Access) broker with more than 45 years of operating in the industry. The broker is regulated in the EU by BaFin and authorized by the Romanian ASF (license number PJM01FISMDEU2334). More than 17,000 CFDs are tradable including 80 forex pairs. An options trading account is also available in Europe for barrier options and vanilla options.

IG spreads start on forex from 0.6 pips with leverage on forex reaching a maximum of 1:30 for retail traders and 1:222 for pro traders. A minimum deposit of $300 is required for Romanian traders and accounts can be opened in USD and EUR. An unlimited IG Markets demo account is available and trading is done through MT4, L2 Dealer, and ProRealTime trading platforms.


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76% of retail CFD accounts lose money

XM is a well-known market maker broker with respected regulatory oversight in place from the CySEC within the EU. The broker is also authorized by the Romanian ASF under license number PJM01FISMCYP1151. More than 1,000 CFDs are available to trade including in excess of 55 forex pairs. The broker has a minimum deposit of $5.

XM spreads start on forex from 1 pip and retail traders can access leverage of up to 1:30 while pro traders have leverage of up to 1:500 available. Accounts with the broker can be opened in USD or EUR and an unlimited demo account is also available. This gives access to both the MT4 and MT5 trading platforms the broker offers.


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73.57% of retail investor accounts lose money

Capital.com is another very well-respected market maker broker with regulation in place within the EU from the CySEC and authorized by the Romanian ASF (license number PJM01FISMCYP2155). The broker provides more than 6,000 CFDs including over 100 forex pairs to trade. Romanian language support is also available through the brokers’ website.

Spreads start from 0.5 pips at Capital.com and leverage of up to 1:30 is available for retail traders and 1:500 for pro traders. The broker has a minimum deposit requirement of $20 and accounts can be opened in USD and EUR. A demo account is also available and valid for 30 days. This provides access to the MT4 and TradingView trading platforms.


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79.17% of retail CFD accounts lose money

IC Markets is a well-established ECN broker regulated in the EU by the CySEC and authorized by the Romanian ASF (license number PJM01FISMCYP2341). The broker is a popular choice with algo-traders thanks to the fast execution and deep forex liquidity offered. 1,700 CFDs are tradable with 60 forex pairs.

IC Markets spreads start from 0 pips and leverage of 1:30 or 1:500 is available for retail and pro traders respectively. No minimum deposit is required and accounts can be opened in USD and EUR. The broker provides an unlimited demo account and MT4, MT5, and cTrader trading platforms are available.


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74-89% of retail CFD accounts lose money

BDSwiss is an ECN/STP broker well-regulated in the EU by CySEC and authorized by the Romanian ASF under the license number PJM01FISMCYP1699. The broker has over 200 tradable assets including 50 forex pairs.

Spreads at BDSwiss start from 0 pips and there is leverage of up to 1:30 available for retail clients and 1:400 for pro clients. The minimum deposit is $100 although the broker is temporarily not accepting new clients at the moment. Accounts can be opened in USD, EUR, and NOK with a demo account also available for 30 days. The MT4 and MT5 trading platforms are both available and the broker website has Romanian language support.


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72.5% of retails investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Interactive Brokers is a very well-known broker around the world. The broker is an ECN broker regulated in the EU by the Central Bank of Hungary and the Central Bank of Ireland. IB is also authorized by the Romanian ASF (license number PJM01FISMDHUN0186). More than 10,000 assets are available to trade including over 100 forex pairs.

Spreads start from 0.1 pips at Interactive Brokers and there is no minimum deposit required. Leverage of up to 1:30 is available for retail traders while up to 1:400 is available for pro traders.

Accounts can be opened in USD and EUR and an unlimited demo account, as well as several proprietary trading platforms, is available.


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74-89% of retail CFD accounts lose money

FP Markets is an ECN/STP broker with a good reputation and trusted regulation in place from the CySEC in the EU. The broker is also authorized by the Romanian ASF (license number PJM01FISMDCYP0066). The lightning-fast trade executions available make the broker a top choice among scalpers and there is a wide asset range of more than 10,000 CFDs including over 60 forex pairs.

The spread on forex starts from 0 pips with MetaTrader raw spread account (both MT4 and MT5), while there is a 1:30 maximum leverage available to retail clients, and 1:500 to pro clients. FP Markets has a minimum deposit of $100 and accounts can be opened in USD and EUR. An unlimited demo account is also available.


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74-89% of retail CFD accounts lose money

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 Romanian traders should 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.


About the Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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