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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Visit broker 8.8 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.
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XM
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Visit broker 8.4 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.
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HFM
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Visit broker 7 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.
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Pepperstone
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Visit broker 8.2 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.
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Offers accounts in Sweden under | CySEC, Cyprus | CBI, Ireland | CySEC, Cyprus | CySEC, Cyprus | CySEC, Cyprus |
Account entity for Sweden | Tickmill Europe Ltd | AVA Trade EU Ltd | Trading Point of Financial Instruments Limited | HF Markets (Europe) Ltd | Pepperstone EU Limited |
DAX40 spreads | from 0.8 USD | 1.00 pips over the market | From 3.00 pips | 0.6 | from 0.90 USD |
Spreads on EURUSD | From 1.6 pips | From 0.9 pips | From 1 pip | From 0 pips | From 1 pip |
Spreads on Crude Oil | - | 0.03% over market | From 0.02 | From 0 | From 2.5 |
Spreads on Brent Oil | From 0.04 | 0.01% over market | From 0.02 | From 0 | From 2.5 |
Spreads on Gold | From 0.09 USD | 0.29 USD over market | From 2.6 pips | 0.25 USD | From 0.5 USD |
Spreads on BTC/USD | - | - | From 46.00 | 71 (EUR), 76 (USD) | From 17 pips |
Maximum Leverage | 1:30 for retail traders | 1:30 for retail traders | 1:30 for retail traders | 1:30 for retail traders | 1:30 for retail traders |
Minimum Deposit | 100 EUR | 100 EUR | 5 EUR | 5 USD | 0 EUR |
Trading Platforms | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 | MetaTrader 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.
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8.2
7.75
Razor Account | Standard Account | |
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Spreads on EUR/USD | From 0 pips | From 1 pip |
Spreads on DAX40 | from 0.90 USD | from 0.90 USD |
Spreads on Crude Oil | From 2.5 | From 2.5 |
Spreads on Brent Oil | From 2.5 | From 2.5 |
Spreads on Gold | From 0.5 USD | From 0.5 USD |
Spreads on BTC/USD | From 17 pips | From 17 pips |
Commissions | USD 3.50 (USD 7 round turn or equivalent in EUR) | No |
Minimum Deposit | 0 EUR | 0 EUR |
Minimum lot size | From 0.01 lots | From 0.01 lots |
Negative Balance Protection | Yes | Yes |
Maximum Leverage | 1:30 (1:400 for pro traders) | 1:30 (1:400 for pro traders) |
Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader | MetaTrader 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.
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8.4
8.34
Micro Account | Standard Account | XM Ultra Low Account | |
---|---|---|---|
Spreads on EURUSD | From 1 pip | From 1 pip | From 0.6 pips |
Spreads on DAX40 | From 3.00 pips | From 3.00 pips | From 3.00 pips |
Spreads on Crude Oil | from 0.02 | from 0.02 | from 0.02 |
Spreads on Brent Oil | from 0.02 | from 0.02 | from 0.02 |
Spreads on Gold | From 2.6 pips | From 2.6 pips | From 1.5 pips |
Spreads on BTC/USD | From 46.00 | From 46.00 | From 35.00 |
Minimum Deposit | 5 USD, EUR, GBP | 5 USD, EUR, GBP | 5 USD, EUR, GBP |
Minimum lot size | 0.01 lots | 0.01 lots | 0.01 lots |
Maximum leverage | 1:30 for retail (1:1000 for pros) | 1:30 for retail (1:1000 for pros) | 1:30 for retail (1:1000 for pros) |
Negative Balance Protection | Yes | Yes | Yes |
Trading Platforms | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 | MetaTrader 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
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7.6
6.29
Pro Account | Classic Account | VIP Account | |
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Spreads on EURUSD | From 0.0 pips | From 1.6 pips | From 0.0 pips |
Commissions | 2 USD per side per lot | none | 1 USD per side per lot |
Spreads on DAX40 | From 0.8 USD | From 0.8 USD | From 0.8 USD |
Spreads on Crude Oil | From 0.04 | From 0.04 | From 0.04 |
Spreads on Brent Oil | From 0.04 | From 0.04 | From 0.04 |
Spreads on Gold | From 0.09 USD | From 0.09 USD | From 0.09 USD |
Spreads on BTC/USD | - | - | - |
Minimum Deposit | 100 USD/EUR/GBP | 100 USD/EUR/GBP | - |
Maximum Leverage | 1:30 for retails, 1:500 for professionals | 1:30 for retails, 1:500 for professionals | 1:30 for retails, 1:500 for professionals |
Negative Balance Protection | Yes | Yes | Yes |
Minimum Lot Size | 0.01 lots | 0.01 lots | 0.01 lots |
Trading Platforms | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 | MetaTrader 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.
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8.8
7.63
Retail Account | Professional Account | |
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Spread on EUR/USD | From 0.9 pips | From 0.3 pips |
Commissions | 0 USD | 0 USD |
Spreads on DAX40 | 1.00 pips over the market | 1.00 pips over the market |
Spreads on Crude Oil | 0.03% over market | 0.03% over the market |
Spreads on Brent Oil | 0.01% over market | 0.01% over market |
Spreads on Gold | 0.29 USD over market | 0.29 USD over market |
Spreads on BTC/USD | 0.15% Over-market | 0.15% Over-market |
Minimum Deposit | 100 EUR | 100 EUR |
Maximum Leverage | 1:30 | 1:400 |
Negative Balance Protection | Yes | Yes |
Minimum Lot Size | From 0.01 lots | From 0.01 lots |
Trading Platforms | MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade | MetaTrader 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.
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8.8
7.63
Micro | Premium | Zero Spread | PAMM (Premium) | HFCOPY | |
---|---|---|---|---|---|
Spread on EUR/USD | From 1 pip | From 1 pip | 0 pips | From 1 pip | From 1 pip |
Commissions | From 6 USD per round turn | From 6 USD per round turn | From 6 USD per round turn | From 6 USD per round turn | From 6 USD per round turn |
Spreads on DAX40 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 |
Spreads on Crude Oil | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 |
Spreads on Brent Oil | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
Spreads on Gold | 0.07 (0.14 per round turn) | 0.07 (0.14 per round turn) | 0.07 | 0.07 (0.14 per round turn) | 0.07 (0.14 per round turn) |
Spreads on BTC/USD | 76 | 76 | 76 | 76 | 76 |
Minimum Deposit | 5 USD | 100 USD | 200 USD | 250 USD | 500 USD (Provider), 100 USD (Follower) |
Maximum Leverage | 1:2000 | 1:2000 | 1:2000 | 1:2000 | 1:1000 |
Negative Balance Protection | Yes | Yes | Yes | Yes | Yes |
Minimum Lot Size | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Trading Platforms | MT4, MT5 | MT4. MT5 | MT4. MT5 | MT4. MT5 | MT4. 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
XM | Tickmill | AvaTrade | Pepperstone | ICM | |
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Number of Forex pairs | 50 | 62 | 64 | 62 | 53 |
Spreads on EUR/USD | From 1 pip | From 1.6 pips | From 0.9 pips | From 1 pip | From 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
XM | Tickmill | AvaTrade | Pepperstone | ICM | |
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Number of stocks | 1000+ | 500 | 633+ | 1,000+ | 89 |
Spreads on DAX40 | From 3.00 pips | from 0.8 USD | 1.00 pips over the market | from 0.90 USD | From 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
XM | Tickmill | AvaTrade | Pepperstone | ICM | |
---|---|---|---|---|---|
Spreads on Crude Oil | from 0.02 | From 0.04 | 0.03% over market | From 2.5 | From 2.3 USD |
Spreads on Brent Oil | from 0.02 | From 0.04 | 0.01% over market | From 2.5 | From 2.3 USD |
Spreads on Gold | From 2.6 pips (0.26 USD) | From 0.09 USD | 0.29 USD over market | From 0.5 USD | From 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
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
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.