Best Forex Brokers In Czechia

Forex trading is popular in Czechia and is overseen by the Czech National Bank (CNB). However, the CNB is often not the primary regulator of FX brokers operating in Czechia.

Some of the top-rated forex brokers in the country are licensed in other European countries, such as in Cyprus by the CySEC. 

As part of the European Union, all forex brokers that operate in Czechia are subject to the standards set by the ESMA (European Securities and Markets Authority) and adhere to the MiFID II guidelines. 

While FX brokers may offer different maximum leverage ceilings, a 30:1 cap is in place for traders based in the EU as a risk management measure. 

Top brokers in Czechia offer a wide range of instruments for trading, such as the EUR/USD pair, Bitcoin CFDs, and popular European indices, such as the German DAX40, among others. 

Quick overview of the best forex brokers in Czechia

 
AvaTrade
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8.8

8.8

7.63

7.63

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.
XM
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8.4

8.4

8.34

8.34

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.03% 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.
HFM
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7

7

5.86

5.86

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.77% of retail investor accounts lose money when trading CFDs with HF Markets (Europe) Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pepperstone
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8.2

8.2

7.75

7.75

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Offers accounts in Sweden underCySEC, CyprusCBI, IrelandCySEC, CyprusCySEC, CyprusCySEC, Cyprus
Account entity for SwedenTickmill Europe LtdAVA Trade EU LtdTrading Point of Financial Instruments LimitedHF Markets (Europe) LtdPepperstone EU Limited
DAX40 spreadsfrom 0.8 USD1.00 pips over the market From 3.00 pips0.6from 0.90 USD
Spreads on EURUSDFrom 1.6 pipsFrom 0.9 pipsFrom 1 pipFrom 0 pipsFrom 1 pip
Spreads on Crude Oil-0.03% over marketFrom 0.02From 0From 2.5
Spreads on Brent OilFrom 0.040.01% over marketFrom 0.02From 0From 2.5
Spreads on GoldFrom 0.09 USD0.29 USD over marketFrom 2.6 pips0.25 USDFrom 0.5 USD
Spreads on BTC/USD--From 46.0071 (EUR), 76 (USD)From 17 pips
Maximum Leverage1:30 for retail traders1:30 for retail traders1:30 for retail traders1:30 for retail traders1:30 for retail traders
Minimum Deposit100 EUR100 EUR5 EUR5 USD0 EUR
Trading PlatformsMetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTradeMetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5MetaTrader 4 and 5, cTrader

Pepperstone

 

Pepperstone operates in Czechia and across the EU through its Pepperstone EU Limited subsidiary, which administers client accounts in Europe and is regulated by the Cyprus Securities and Exchange Commission (CySEC). 

Traders at Pepperstone have access to MetaTrader 4 and 5, as well as cTrader and can trade over 1,200 instruments, including:

  • 62 currency pairs
  • 1,000+ share CFDs
  • 23 crypto CFDs
  • 32 commodities
  • 23 indices

There are two different types of accounts at Pepperstone - Razor and Standard accounts. The Razor account does not charge spreads, therefore, traders can use the account to trade major pairs, such as EUR/USD, at a 0 pip spread. 

Maximum leverage for EU retail traders is capped at 30:1, while professionals can get up to 400:1. 

Both account types offer demo accounts for beginners, as well as swap-free Islamic accounts. 

 

 

Pepperstone
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8.2

8.2

7.75

7.75

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

 

 Razor AccountStandard Account
Spreads on EUR/USDFrom 0 pipsFrom 1 pip
Spreads on DAX40from 0.90 USDfrom 0.90 USD
Spreads on Crude OilFrom 2.5From 2.5
Spreads on Brent OilFrom 2.5From 2.5
Spreads on GoldFrom 0.5 USDFrom 0.5 USD
Spreads on BTC/USDFrom 17 pipsFrom 17 pips
CommissionsUSD 3.50 (USD 7 round turn or equivalent in EUR)No
Minimum Deposit0 EUR0 EUR
Minimum lot sizeFrom 0.01 lotsFrom 0.01 lots
Negative Balance ProtectionYesYes
Maximum Leverage1:30 (1:400 for pro traders)1:30 (1:400 for pro traders)
Trading PlatformsMetaTrader 4, MetaTrader 5, cTraderMetaTrader 4, MetaTrader 5, cTrader

XM

 

XM is a multi-asset brokerage firm that was founded in 2009 and is licensed by the Cyprus Securities and Exchange Commission (CySEC). 

The authorized subsidiary that administers the accounts held by traders in Czechia is Trading Point of Financial Instruments Limited, which also oversees the rest of the EU region. 

XM offers three account types: Micro, Standard, and XM Ultra Low. The Ultra Low account, as well as the Micro account, offer a maximum leverage ceiling of 1000:1, which is reduced to 30:1 for EU retail traders. 

The instruments offered to XM clients include:

  • 57 currency pairs
  • 100 physical shares
  • 1261 share CFDs
  • 31 commodity CFDs
  • 14 indices
  • 8 commodities

The firm offers competitive spreads on major currency pairs, with the XM Ultra Low offering the lowest possible spreads at 0.6 pips for the EUR/USD pair. 

The minimum deposit for all three accounts is 5 USD and traders can maintain a maximum of 200 positions. 

Spreads on gold start from 1.5 pips for Ultra Low accounts, while Crude and Brent oil start from 0.02. 

 

 

XM
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8.4

8.4

8.34

8.34

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.03% 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.

 

 Micro AccountStandard AccountXM Ultra Low Account
Spreads on EURUSDFrom 1 pipFrom 1 pipFrom 0.6 pips
Spreads on DAX40From 3.00 pipsFrom 3.00 pipsFrom 3.00 pips
Spreads on Crude Oilfrom 0.02from 0.02from 0.02
Spreads on Brent Oilfrom 0.02from 0.02from 0.02
Spreads on GoldFrom 2.6 pipsFrom 2.6 pipsFrom 1.5 pips
Spreads on BTC/USDFrom 46.00From 46.00From 35.00
Minimum Deposit5 USD, EUR, GBP5 USD, EUR, GBP5 USD, EUR, GBP
Minimum lot size0.01 lots0.01 lots0.01 lots
Maximum leverage1:30 for retail (1:1000 for pros)1:30 for retail (1:1000 for pros)1:30 for retail (1:1000 for pros)
Negative Balance ProtectionYesYesYes
Trading PlatformsMetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5

Tickmill

 

Founded in 2014, Tickmill is a forex and CFDs broker that is licensed by the FCA in the UK and CySEC in Cyprus. The FX broker opens accounts for traders in Czechia via its regulated subsidiary - Tickmill Europe Ltd, which also oversees the rest of the EU market. 

Tickmill offers MetaTrader 4 and 5 as its primary trading platforms and clients can choose between three different account types - Pro, Classic, and VIP. 

Spreads on EUR/USD start at 0 pips on the Pro account, while Classic and VIP account charge spreads on all currency pairs. 

In total, traders have access to 102 instruments at Tickmill, which include:

  • 62 currency pairs
  • 25 indices
  • 8 cryptocurrencies
  • 7 commodities 

There are no minimum balance requirements for the Pro and Classic accounts, while the VIP account requires 50,000 in account currency. 

All three account types include a demo account for beginners, as well as a swap-free Islamic account option. Negative balance protection is in place for every account type. 

Spreads on commodities like oil start at 

 

 

Tickmill
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7.6

7.6

6.29

6.29

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd. You should consider whether you understand how CFDs or our other products work and whether you can afford to take the high risk of losing your money.

 

 Pro AccountClassic AccountVIP Account
Spreads on EURUSDFrom 0.0 pipsFrom 1.6 pipsFrom 0.0 pips
Commissions2 USD per side per lotnone1 USD per side per lot
Spreads on DAX40From 0.8 USDFrom 0.8 USDFrom 0.8 USD
Spreads on Crude OilFrom 0.04From 0.04From 0.04
Spreads on Brent OilFrom 0.04From 0.04From 0.04
Spreads on GoldFrom 0.09 USDFrom 0.09 USDFrom 0.09 USD
Spreads on BTC/USD---
Minimum Deposit100 USD/EUR/GBP100 USD/EUR/GBP-
Maximum Leverage1:30 for retails, 1:500 for professionals1:30 for retails, 1:500 for professionals1:30 for retails, 1:500 for professionals
Negative Balance ProtectionYesYesYes
Minimum Lot Size0.01 lots0.01 lots0.01 lots
Trading PlatformsMetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5

AvaTrade

 

Founded in 2006, AvaTrade is a forex and CFD broker that is regulated in 9 jurisdictions around the world. The firm’s regulated subsidiary operating in Czechia is licensed in Ireland by the Central Bank of Ireland, under the name of Ava Trade EU Ltd. 

The maximum leverage offered by AvaTrade to its clients is 400:1, with a maximum leverage for EU clients of 30:1. 

There are more than 1250 assets available for trading with Avatrade, including: 

  • 64 Forex pairs
  • 629 shares as CFDs 
  • 19 cryptocurrencies as CFDs 
  • 30 indices
  • 17 commodities

AvaTrade only offers one Standard retail trading account, with an Islamic account option, as well as a free demo for beginners. 

The Standard account offers a spread of 0.9 for the EUR/USD pair, with a minimum spread at AvaTrade starting at 0.3 pips. 

Spreads for Brent and Crude oil start from 0.01 and 0.03, respectively, while gold starts at 0.29 USD. 

 

 

AvaTrade
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8.8

8.8

7.63

7.63

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.

 

 Retail AccountProfessional Account
Spread on EUR/USDFrom 0.9 pipsFrom 0.3 pips
Commissions0 USD0 USD
Spreads on DAX401.00 pips over the market 1.00 pips over the market 
Spreads on Crude Oil0.03% over market0.03% over the market
Spreads on Brent Oil0.01% over market0.01% over market
Spreads on Gold0.29 USD over market0.29 USD over market
Spreads on BTC/USD0.15% Over-market0.15% Over-market
Minimum Deposit100 EUR100 EUR
Maximum Leverage1:30 1:400
Negative Balance ProtectionYesYes
Minimum Lot SizeFrom 0.01 lotsFrom 0.01 lots
Trading PlatformsMetaTrader 4, MetaTrader 5, DupliTrade, ZuluTradeMetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade

HFM

 

HFM is an internationally renowned forex broker that also offers its services in Czechia. The authorized entity regulated by CySEC is HF Markets Europe Ltd, which also administers the accounts of all EU clients of HFM. 

The maximum leverage offered by HFM to EU traders is 30:1, and there are 5 different account types, with the Micro, Premium, and Zero Spread accounts being the most popular. 

The Zero Spread account charges no spreads on major currency pairs like EUR/USD.

In total, HFM offers over 3,100 instruments, which includes:

  • 53 currency pairs 
  • 2 metals (XAUUSD and XAUEUR)
  • UK Brent and US Crude oil 
  • CFDs on major stocks and government bonds
  • 11 indices (including DAX40)
  • 5 commodities
  • CFDs on 40 cryptocurrencies

Spreads on major currency pairs like EUR/USD start at 1 pip, while Crude and Brent oil start at 0.09 and 0.04. 

As for gold and Bitcoin CFDs, spreads start from 0.07 for gold and 76 for BTC. Major European indices, such as DAX40, are also available from a 0.6 spread. 

 

 

AvaTrade
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8.8

8.8

7.63

7.63

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.

 

 MicroPremiumZero SpreadPAMM (Premium)HFCOPY
Spread on EUR/USDFrom 1 pipFrom 1 pip0 pipsFrom 1 pipFrom 1 pip
CommissionsFrom 6 USD per round turnFrom 6 USD per round turnFrom 6 USD per round turnFrom 6 USD per round turnFrom 6 USD per round turn
Spreads on DAX400.60.60.60.60.6
Spreads on Crude Oil0.090.090.090.090.09
Spreads on Brent Oil0.040.040.040.040.04
Spreads on Gold0.07 (0.14 per round turn)0.07 (0.14 per round turn)0.070.07 (0.14 per round turn)0.07 (0.14 per round turn)
Spreads on BTC/USD7676767676
Minimum Deposit5 USD100 USD200 USD250 USD500 USD (Provider), 100 USD (Follower)
Maximum Leverage1:20001:20001:20001:20001:1000
Negative Balance ProtectionYesYesYesYesYes
Minimum Lot Size0.010.010.010.010.01
Trading PlatformsMT4, MT5MT4. MT5MT4. MT5MT4. MT5MT4. MT5

Best brokers in Czechia by category

Below we can see how some of the best brokers in Czechia rank in different categories, such as forex, stock, and commodities trading. 

Best broker in Czechia for Forex trading

 XMTickmillAvaTradePepperstoneICM
Number of Forex pairs5062646253
Spreads on EUR/USDFrom 1 pipFrom 1.6 pipsFrom 0.9 pipsFrom 1 pipFrom 1 pip

AvaTrade offers the lowest spreads on major currency pairs like EUR/USD and also provides the widest selection of pairs with 64 in total. Therefore, AvaTrade comes out on top for currency trading. 

Best Broker in Czechia for Stock Trading

 XMTickmillAvaTradePepperstoneICM
Number of stocks1000+500633+1,000+89
Spreads on DAX40From 3.00 pipsfrom 0.8 USD1.00 pips over the market from 0.90 USDFrom 4.00 USD

Due to low spreads and over 1,000 stock CFDs, Pepperstone is the best broker for stocks, while XM comes a close second. 

Best broker in Czechia for commodities trading

 XMTickmillAvaTradePepperstoneICM
Spreads on Crude Oilfrom 0.02From 0.040.03% over marketFrom 2.5From 2.3 USD
Spreads on Brent Oilfrom 0.02From 0.040.01% over marketFrom 2.5From 2.3 USD
Spreads on GoldFrom 2.6 pips (0.26 USD)From 0.09 USD0.29 USD over marketFrom 0.5 USDFrom 0.31 USD

When it comes to commodities like gold and oil, XM’s low spreads on Brent and Crude oil gives it the top spot, while Tickmill offers the best spreads on gold, starting as low as 0.09 USD. 

How to check if a broker is licensed by the CNB?

If you wish to check whether a forex broker is licensed by the Czech National Bank, you can easily view the registry available on the official CNB website. 

Step One: Visit the Czech National Bank official website

cnb supervision.png

Visit the official CNB website at cnb.cz/en and select the Supervision/Regulation tab on the top menu of the website. 

Here you can see the different lists provided by the CNB regarding its supervisory and regulatory duties. 

Step Two: Navigate to the registry

cnb 2.png

Select the first highlighted list under the Supervision/Regulation tab, under the “List and registers published by the Czech National Bank”.

Step Three: Search for the broker of your choice 

In the list you can search the specific brokers that you are interested in and check whether they hold a valid license from the Czech National Bank. Keep in mind that most forex brokers available in Czechia are regulated in Cyprus or the United Kingdom. 

All CNB-regulated Forex Broker Reviews

Below we can see a list of all forex brokers authorized by the Czech National Bank to offer their services to traders residing in the country.

FAQ on the Best Forex Brokers in Czechia