Despite the size and the potential of the Italian Forex market, the scene for local operators is rather sleepy, due in no small part to the economic woes the country is currently experiencing and to the lack of overall competitiveness ushered in by the rise of the single currency.

Despite the ongoing global challenges, Italy’s economy is forecasted to grow by 0.7% in 2023 and 2024. Inflation is also beginning to fall, dropping to 0.6% in December 2023 down from 0.7% the previous month.

These days, it is not exactly a secret that Italy didn’t really benefit much from the introduction of the Euro. As a PIIGS member, the country is still not out of the economic dire straits it has been stuck in for the last few years, and its prospects in this regard are rather bleak too.

With the above in mind, it’s easy to see why not many Forex companies feel like setting up physical shop in Italy these days. Obviously, Fx trading is quite popular in the country, but most Italian traders prefer to make use of the services of forex brokers located and licensed in other EU countries, leaving the local regulator, CONSOB (Commissione Nazionale per le Societa e la Borsa), with not much to regulate.

CONSOB is indeed one of the higher-profile European regulators, well known for the firm stand it has taken against single market-maker based binary option trading. CONSOB’s directives in regards to Fx trading are much more lenient though, and it is indeed well possible for an operator to obtain an Italian license which allows it to offer financial services all over the EU. The reality of the situation is that the Italian Forex market has been underserved for a while, and thus, for some brokers, it may yet prove attractive.


Broker Features Regulator Platforms Next Step
Number One Broker Forex.com logo74% of clients lose money. Capital at risk. Founded: 1999

- Trusted Global Market Leader
- Online FX & CFD Trading
- 180+  Global Markets, 84 FX pairs, 65 shares, 17 popular indices and more
- Forex, Indices, Commodities, Equities & Bitcoin
- Available to US traders

CFTC, CIMA, FCA, FSA, IIRO, NFA FOREXTrader & MT4 for PC, MAC, iPhone, iPad and Android, WebTrader
Oanda Logo77% of retail CFD accounts lose money Founded: 1996
Your capital is...
  • Choose from four high-quality platforms.
  • Good trading conditions with fast execution speeds
  • Excellent research and analysis
  • Strong client protection
  • Winner of Most Popular Broker award for three consecutive years.
  • Fees and commissions are inline rather than market-leading.
  • Satisfactory rather than impressive range of instruments.
ASIC, CFTC, FCA, IIROC, JFSA, MAS fxTrade, MT4
eToro LogoYour capital is at risk Founded: 2019

- Trade 15 cryptocurrencies
- Beginner friendly

- eToro

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