Forex Brokers in Italy

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
Your capital is at risk Founded: 2014	User-friendly platform with great trade-analysis tools Leverage Up To 1:500 Spreads as low as 0.00 pips Quality trade execution thanks to high-spec IT infrastructure $0 minimum account opening balance 26,000 tradeable instruments Not available in all jurisdictions Regulatory infrastructure Read BlackBull Review	FSPR	MT4	Sign Up OPEN FREE DEMO ACCOUNT Read BlackBull Review
73% of retail CFD accounts lose money Founded: 2014 73% of retail C...	Well regulated Ultra-fast and high leverage trading Spreads as low as 0.0 pips Comprehensive research tools Relatively limited number of markets Does not accept US traders Read Tickmill Review	FSA SC	MT4, MT5	Sign Up TEST TICKMILL Read Tickmill Review
Your capital is at risk Founded: 2006 Europe* CFDs ar...	Multi-asset broker offering a wide variety of markets Strong regulatory framework Innovative risk management tools Choice of market-leading platforms Wide spreads on some markets Expiry date on Demo Accounts Read AvaTrade Review	ASIC, FSA, FSB, MiFID	MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader	Sign Up OPEN FREE DEMO ACCOUNT Read AvaTrade Review
Between 74-89% of CFD traders lose Founded: 2010 Between 74-89 % of retail investor accounts lose money when trading CFDs	Low trading costs Great market flow Research and analysis which helps spot trades Wide range of Copy and Social Trading options Limited range of non-forex markets Read Pepperstone Review	ASIC, FCA	MetaTrader 4, MetaTrader 5, cTrader	Sign Up OPEN FREE DEMO ACCOUNT Read Pepperstone Review
77% of CFD traders lose Founded: 2007 77 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.	Social and Copy Trading Platform Beginner Friendly Risk-free Demo Account Top-tier regulation Limited means of raising queries Withdrawal process isn’t really ‘client-focused’ Read eToro Review	ASIC, CySEC, FCA	eToro Platform	Sign Up OPEN FREE DEMO ACCOUNT Read eToro Review
Your capital is at risk Founded: 2009, 2015, 2017	Low minimum deposit Super- tight bid-offer spreads Impressive trading platforms Tier-1 regulators Difficult to contact tech support No Crypto Read XM Group Review	ASIC, CySEC, IFSC	MT4 Terminal, MT4 for Mac, Web Trader, iPhone/iPad Trader, Droid Trader, Mobile Trader, MT5	Sign Up OPEN FREE DEMO ACCOUNT Read XM Group Review
Your capital is at risk Founded: 2006	Very well regulated Comprehensive education section Fantastic customer service No cryptocurrencies Fees could be more competetive Read FxPro Review	CySEC, DFSA, FCA, FSB, SIA	MetaTrader4, MetaTrader5, cTrader, FxPro Edge (Beta)	Sign Up OPEN FREE DEMO ACCOUNT Read FxPro Review

Read our reviews of more forex brokers that did not make our top list above: