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4 Best Forex Brokers in Finland

Edited by: Louis Schoeman

Forex Brokers Finland

The 4 Best Forex Broker is Finland. Rated and Reviewed. A list of all the top Forex Brokers accepting traders from Finland.

 

In this in-depth guide, you will learn:

  • The Best Forex Brokers in Finland – a List
  • Is Forex Trading legal in Finland?
  • Who does Finland trade with the most?
  • Is Finland a Good Place to Invest?
  • Can I trade Forex in Finland?
  • The Best Broker in Europe

and much, MUCH more!

 

4 Best Forex Brokers in Finland

 

4 Best Forex Brokers in Finland – a Comparison

🔎 Broker🚀Open an Account🤝 Accepts Finnish Traders💶 Min. Deposit (EUR)
🥇 eToro👉 Click Here✅Yes9,28
🥈 IC Markets👉 Click Here✅Yes185,67
🥉 Interactive Brokers👉 Click Here✅YesNone
🏅 Saxo Bank👉 Click Here✅YesNone

 

4 Best Forex Brokers in Finland (2024)

  1. ☑️ eToro – Overall, the Best Forex Broker in Finland
  2. ☑️ IC Markets – Low EUR (€) Minimum Deposit Brokers for Beginners
  3. ☑️ Interactive Brokers – Best Overall Offering
  4. ☑️ Saxo Bank – Best Forex Broker for Professionals

 

eToro Review

 

eToro

eToro is a highly regulated and trusted Forex Broker that offers access to Copy Trading. CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and, the SIPC regulate it. Notable features include Spreads from 1 Pip and Leverage of up to 1:400.

The eToro Standard Retail Account is integrated with the Brokers’ proprietary trading platform. The following trading instruments and products are available:

  • 55 currency pairs
  • 32 commodities
  • 531 ETFs
  • 21 indices
  • 77 cryptocurrencies
  • 4,610 stocks

Moreover, NFTs (Non-Fungible Tokens) have been added to the available selection.

🔎 Broker🥇 eToro
📈 Regulation and LicensesCySEC, FCA, ASIC, FSA, FinCEN, FINRA
📉 Ease of Use5/5
📊 Support Hours24/5
💻 Trading PlatformseToro platform
💹 Account TypesStandard Retail Account
💴 Base CurrenciesUSD
🅰️ SpreadsFrom 1 pip EUR/USD
🅱️ Leverage1:30
💶 Currency Pairs55; minor, major, exotic pairs
💳 Minimum Deposit$50 USD
🚫 Inactivity Fee10 USD after 12 months of inactivity
📌 Website LanguagesEnglish, Italian, German, etc.
💰 Fees and CommissionsSpreads from 1 pip
🤝 Affiliate Program✅Yes
✖️ Banned CountriesCanada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria
📈 ScalpingNone
📉 Hedging✅Yes
📊 Trading InstrumentsForex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs
🚀Open an Account👉 Click Here

 

eToro Overview

 

Pros and Cons

✅ Pros❌ Cons
Social tradingWithdrawal Fee
Low trading feesInactivity fee
Negative balance protectionConversion fees
User-friendly PlatformSingle base currency

 

Our Insights

The benefits of trading with eToro include an intuitive mobile app, comprehensive instructional tools, and trusted customer support.

 

IC Markets Review

 

IC Markets

IC Markets is a renowned Forex and CFD provider. ASIC, CySEC, FSA, and, the SCB regulate it. Notable features include 64+ Currency Pairs, Spreads from 0.0 Pips, and Leverage of up to 1:5000. Accounts offered are cTrader, Raw Spread, and Standard. No Minimum deposit is required. Accepted base currencies include AUD, USD, JPY, EUR, NZD, SGD, GBP, and, CAD.

Trading Platforms offered are MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and ZuluTrade. The following trading instruments and products are available:

  • 64 currency pairings for trading
  • 22 commodities
  • 25 indices
  • 11 distinct bond instruments
  • 18 cryptocurrency alternatives
  • 1,600 stocks

Moreover, IC Markets provides four futures contracts.

🔎 Broker🥇 IC Markets
💴 Minimum Deposit200 USD
💵 Inactivity FeeNone
📌 Regulation and LicensesASIC, CySEC, FSA, SCB
5️⃣ Ease of Use Rating5/5
🎁 BonusesNone
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here

 

IC Markets

 

Pros and Cons

✅Pros❌Cons
Affordable forex and CFD trading costsHigh minimum deposit requirement
Comprehensive education and researchNo investor protection for non-EU customers

 

Our Insights

The benefits of IC Markets include a Multi-Lingual Website available in English, Spanish, Russian, Thai, Malay, Vietnamese, Italian, Portuguese, and several other languages.

 

Interactive Brokers Review

 

Interactive Brokers

Interactive Brokers is an American multinational brokerage firm that offers services to individual investors, hedge funds, proprietary trading groups, financial advisors, and introducing brokers. Nine Tier-1 Regulators govern it. Accounts offered are IBKR Lite and IBKR Pro. No Minimum deposit is required.

Trading Platforms include IBKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, and, IBKR Impact. The following trading instruments and products are available:

  • 100 currency pairings
  • Over 150 exchanges
  • Exchange-traded funds (ETFs)

Moreover, a Crypto selection is offered, including Bitcoin, Ethereum, Litecoin, and Bitcoin Funds.

🔎 Broker🥇 Interactive Brokers
💴 Min. DepositNone
💶 Inactivity FeeNone
📈 Tradable AssetsForex, Metals, Futures, ETFs
🪙 Crypto Trading✅Yes
📉 MT4 / MT5 None
📊 Proprietary Platforms✅Yes
📲 Mobile App✅Yes
🤝 Customer Support24/7
✏️ Education✅Yes
📍 Account TypesIBKR Pro and Lite
🚀Open an Account👉 Click Here

 

Interactive Brokers Overview

 

Pros and Cons

✅ Pros❌ Cons
Low commissions and feesIntimidating Platform
Excellent educational materialsComplex tiered pricing plans
Reliable trade executionLacking Customer Support

 

Our Insights

The Benefits of trading with Interactive Brokers include a vast selection of educational resources and dedicated Customer Support.

 

Saxo Bank Review

 

Saxo

Saxo is a Highly Regulated Forex Broker that provides services to individual investors. Fourteen Tier-1 Regulators govern it. Moreover, Interactive Brokers adhere to Danish legislation and implement strong anti-money laundering measures.

Accounts offered are Classic, Platinum, and, VIP. No minimum deposit is required. All accounts are integrated with the SaxoTraderGO and SaxoTraderPRO Trading Platforms. The following trading instruments and products are available:

  • 185 Forex spot pairs and 140 futures
  • 8,800 instruments
  • 50 global exchanges
  • 250 futures contracts
  • 45 FX vanilla
  • 3,200 listed options
  • 7,000 exchange-traded funds

Moreover, mutual funds from top providers with no commissions or platform fees are provided.

🔎 Broker🥇 Saxo Bank
📌 Year Founded1992
👤 Amount of staffApproximately 2,000
👥 Amount of active tradersOver 800,000
📍 Publicly Traded✅Yes
Regulation and SecurityVery High
🛡️ RegulationFSA
FCA
📈 Account Segregation✅Yes
📉 Negative balance protection✅Yes
📊 Investor Protection Schemes✅Yes
💹 Account Types and FeaturesSaxoTraderGO, SaxoTraderPRO
🅰️ Institutional AccountsAvailable
🅱️ Managed AccountsAvailable
💴 Minor account currencies✅Yes
💶 Minimum DepositVaries by account type
and region
⏰ Avg. deposit processing timeTypically 1-2
business days
⏱️ Avg. Withdrawal processing timeTypically 1-2
business days
💵 Fund Withdrawal FeeNo standard fee,
may vary depending
on method
💷 Spreads from0.4 pips (varies by
instrument and
market conditions)
💳 CommissionsVariable, depending
on account type and
trading volume
💸 Number of base currenciesOver 40
💲 Swap FeesVaries depending on
account type and
instrument
▶️ LeverageUp to 1:200 (varies
by asset class
and jurisdiction)
⏹️ Margin requirementsVaries by asset class
☪️ Islamic accountAvailable
🆓 Demo Account✅Yes
⌚ Order Execution TimeTypically milliseconds
to seconds
🖥️ VPS HostingAvailable
📊 CFDs Total OfferedThousands
📉 CFD Stock Indices✅Yes
🍎 CFD Commodities✅Yes
📈 CFD Shares✅Yes
💴 Deposit OptionsBank transfer,
credit/debit cards,
e-wallets
💶 Withdrawal OptionsBank transfer,
credit/debit cards,
e-wallets
💻 Trading PlatformsSaxoTraderGO,
SaxoTraderPRO
🖱️ OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️ Forex trading toolsAdvanced charting,
research tools, trading
signals
🥰 Customer SupportVery Responsive
🗯️ Live chat✅Yes
💌 Support EmailVaries by Region
☎️ Support ContactVaries by Region
🐦 Social mediaFacebook,
Twitter,
LinkedIn
🔖 LanguagesMultiple languages
including English,
Danish, German,
etc.
🏷️ Forex course✅Yes
✏️ Webinars✅Yes
📔 Educational ResourcesYes (includes
articles, videos,
and courses)
🫰🏻 Affiliate program✅Yes
🫶 Amount of partnersNumerous
🤝 IB Program✅Yes
🌟 Sponsor notable events/teamsVarious
💰 Rebate program✅Yes
😊 Suited to Beginners✅Yes
😎 Suited to Professionals✅Yes
♒ Suited to Active Traders✅Yes
💡 Suited to Scalpers✅Yes
🌞 Suited to Day Traders✅Yes
🚀Open an Account👉 Click Here

 

Saxo Bank

 

Pros and Cons

✅ Pros❌ Cons
Instructional resources High Fees when Compared
Multiple Trading PlatformsFutures and options - complicated cost structures

 

Our Insights

The benefits of trading with Saxo include excellent Trading Platforms, top-tier educational resources, and trusted customer support.

 

Forex in Finland

 

The Finnish Financial Supervisory Authority

The Finnish Financial Supervisory Authority is the Financial regulator of all Financial Services in Finland.

 

The Finnish Financial Supervisory Authority

 

Is Forex Trading Legal in Finland?

Forex Trading in Finland is legal and well-regulated by the Finnish Financial Supervisory Authority.

 

Is Forex Trading Legal in Finland?

 

In Conclusion

Forex Trading in Finland is extremely popular and well-regulated by the Finnish Financial Supervisory Authority. Moreover, multiple trusted and well-established International Brokers accept Finnish Traders.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker
🥈Read ReviewFSCA, IFSC, ASIC, CySEC, DFSA, FCAUSD 5Visit Broker
🥉Read ReviewFCA, FSCA, FSC, CMAUSD 200Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewFSC, FSA, VFSCUSD 10Visit Broker
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker

 

Our Insights

While reviewing the Best Forex Brokers that accept Finnish Traders, we found 4 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.

 

You might also like:

eToro Review

IC Markets Review

Interactive Brokers Review

Saxo Bank Review

Faq

eToro provides a demo account with a $100,000 virtual balance.

Forex, Commodities, Indices, Bonds, Cryptocurrencies, and Stocks.

Nine Tier-1 Regulators govern Interactive Brokers.

The Minimum Deposit for a Saxo Bank Platinum Account is 200,000 USD

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