| Updated: December 20, 2024- Jump to:
- Main features of the best Netherlands Forex brokers
- Forex Brokers in Netherlands Compared by Spread
- Account Types and Commissions
- Forex Legislation
- Financial Regulators
- Payment Methods
- Trading Software
- Mobile Trading
- FAQ
Our team of expert traders tested many regulated and trustworthy forex brokers that accept traders from Netherlands and compiled a toplist with the best among them. Each broker operating in Netherlands received a quality score based on several factors, including Trustpilot rating, regulation, fees and commissions, available trading platforms, customer service and more.
Fusion Markets74-89% of retail CFD accounts lose money- AxiThe vast majority of retail client accounts lose money
- FP Markets73.85% of retail investor accounts lose money
- Pepperstone75.5% of retail investor accounts lose money
- Global Prime74-89% of retail CFD accounts lose money
- XM Group72.82% of retail investor accounts lose money
Below you can find a comprehensive comparison table of forex brokers for traders in Netherlands. We rank them based on several factors including: regulation, spreads and commissions, Trustpilot rating, trading instruments, trading platforms, deposit and withdrawal methods.
Main features of the best Netherlands Forex brokers
- Min Deposit$0Trading InstrumentsForex, Commodities, Indices, Crypto, US StocksRegulatorsASIC, FSA (Seychelles), VFSC (Vanuatu)Trading PlatformsMetaTrader4, MetaTrader5, cTrader, DupliTrade, Fusion+ Copy Trade, TradingViewSpread0.9 pips Classic; 0.0 pips ZeroLeverage1:30 (1:500 for forex and metals via VFSC)Deposit MethodsVisa, Mastercard, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku, Bitcoin, Ethereum, Litecoin, USDT, Tether, Ripple, bank wire, ZotaPay, VNPay, DuitNow, XPay, DragonPay, VAPay, FasaPay, AstroPay, PayID, Jetonbank, Sticpay, Interac, LuqaPay, Zotapay, MiFinityWithdrawal MethodsVisa, Mastercard, Bank Wire, Skrill, Neteller,Bitcoin, Ethereum, Litecoin, Tether, Ripple, MiFinity, Interac, PayPal, AstroPay, Jetonbank, DragonPay74-89% of retail CFD accounts lose money
Traders from the Netherlands are free to join. Operates under licenses from ASIC, FSA, and VFCS. Retail customers will have access to negative balance protection and capped leverage ratios on all products. Spread on EUR/USD with Zero Account members having a starting spread of 0.0 pips on the major couple, while the average spread is around 0.03 pips. Dutch forex traders will be charged a commission of $2.25 per side if they decide to trade EUR/USD with the Zero Account of Fusion Markets. The Standard Account adds a 0.9 markup to the ZERO spread on forex pairs.
- Min Deposit$50 (AU$100)Trading InstrumentsForex CFDs, Shares CFDs, Metals CFDs, Commodities CFDs, Indices CFDs, Crypto CFDs, ETF CFDsRegulatorsASIC, CySEC, FSA (Seychelles), FSCA, FSA (St. Vincent and the Grenadines)Trading PlatformsMetaTrader4, MetaTrader5, WebTrader, IRESS, cTrader, TradingViewSpread1.0 pips Standard; 0.0 pips RawLeverage1:30Deposit MethodsVisa, Mastercard, Neteller, Bank Transfer, Skill, Sticpay, Fasapay, Virtual Pay, Perfect Money, Pagsmile, Dragonpay, Crypto, Apple Pay, Google Pay, Online Banking, Broker to Broker, PayPal, XPay, RapydWithdrawal MethodsVisa, Mastercard, Bank Wire, Neteller, Skrill, Paytrust88, PayPal73.85% of retail investor accounts lose money
Allows registration from the Netherlands, with a license from CySEC enabling operations in Europe. Retail customers from the Netherlands will have a limit on the leverage of up to 1:30. Dutch forex traders can place orders with a starting spread of 0.0 pips on EUR/USD and an average spread of 0.1 pips if they are using the Raw Account option. These tight spreads will be combined with a very small commission of $3 per side. The Standard Account will remove any commission from your trades but it will adjust the spread slightly higher at an average of 1.15 pips for EUR/USD.
- Min Deposit$0Trading InstrumentsForex, Indices, Commodities, Cryptocurrencies, Share CFDs, ETFsRegulatorsUK FCA (No.684312), CySEC (No. 388/20), ASIC (No. 414530), BaFin (No.151148), DFSA, CMA, SCB (Bahamas)Trading PlatformsTradingView, MT5, MT4, cTraderSpreadFrom 0.0 pips (Razor Accounts), 1 pip (Standard Accounts)Leverage1:30Deposit MethodsVisa, Mastercard, PayPal, Bank Transfer, BPay, Neteller, SkrillWithdrawal MethodsVisa, Mastercard, PayPal, Bank Transfer, BPay, Neteller, Skrill75.5% of retail investor accounts lose money
Licensed by tier-1 regulators in Europe (FCA, CySEC, BaFin). Enables smooth payments for Dutch traders. Offers investor protection tools to retail Dutch customers. Competitive prices show a EUR/USD spread for Razor traders of around 0.0 pips while the commission per lot traded per side is $3.50 for MT4/MT5 and TradingView users and $3 per side for cTrader users. The lack of commission for Standard Account users is compensated with a slightly higher spread of 1.0 pips on EUR/USD trades.
- Min Deposit$100Trading InstrumentsForex, Major stock indices, Cryptocurrencies, Commodities, Bonds, Individual Shares, ETFsRegulatorsFFAJ (License No.1574),CySEC (No. 347/17) ISA (No. 514666577), IIROC, ADGM / FSRA (No.190018), CBI (No.C53877), BVIFSC (No. SIBA/L/13/1049), FSCA(No.45984), ASIC (No.406684), JFSA (No. 1662)Trading PlatformsMetaTrader4, MetaTrader5, WebTrader, AvaTadeGO, AvaSocial, AvaOptions, DupliTradeSpreadFrom 0.9 pips (retail), 0.6 pips (pro)Leverage1:30Deposit MethodsVisa, Mastercard, Skrill, WebMoney, Neteller, bank wireWithdrawal MethodsVisa, Mastercard, Skrill, WebMoney, Neteller, bank wire76% of retail investor accounts lose money
Offers a wide selection of tradable products to Dutch traders, including AEX (Amsterdam Exchange Index) trading. Maximum allowed leverage capped at 1:30 (retail customers only). One could choose to trade currency pairs either as CFD products or via the Vanilla options available at AvaTrade. The broker does not charge commissions on forex trades or any other CFD assets for that matter. Retail traders will be able to trade the EUR/USD pair with a spread of 0.9 pips, while those who qualify as Pro traders will enjoy even lower trading costs with a EUR/USD spread of 0.6 pips.
- Min Deposit$0Trading InstrumentsForex, Cryptocurrencies, Indices, Commodities, BondsRegulatorsASIC (No. 385620), VFSC (No. 40256)Trading PlatformsMT4 Desktop, MT4 Webtrader, MT4 AndroidSpread0.9 pips Standard, 0.0 pips RawLeverage1:500 (1:30 for ASIC entity)Deposit MethodsVisa, Mastercard, PayPal, Skrill, Neteller, Gate8, Dragonpay, Fasapay, VNPay, Pagsmile, BPay, POLi, AstroPay, Bank Transfer, Interac, Perfect Money, PayID, Jeton, MiFinity, XPay, CryptoWithdrawal Methods
Mastercard, Visa, Local Bank Transfer, Bank Wire Transfer, Skrill, Neteller, AstroPay, PayPal, Dragonpay, Perfect Money, Jeton, Interac, Cryptocurrencies
74-89% of retail CFD accounts lose moneyDutch traders are welcome. Offers a variety of forex and CFD products with competitive trading prices. Negative balance protection available to retail Dutch traders. Major currency pairs like EUR/USD, GBP/EUR, and USD/CHF have average spreads of 0.6 pips, 0.22 pips, and 0.34 pips, respectively. The commission charged per lot traded per side is $3.50. The Standard account eliminates the commission charge for forex trades but a 0.9 mark-up will be added to the typical Raw spread value. Currently, the broker supports only MT4 but MT5, cTrader, and TradingView are about to be released soon.
- Min Deposit$100Trading InstrumentsForex CFDs, Commodity CFDs, Shares CFD's, Index CFDs, Crypto CFD'sRegulatorsSCB (No. SIA-F220), ASIC (No.391441), CySEC (No. 246/14), FCA (No. 921296)Trading PlatformsMT4, MT5, WebTrader, TradingView, Capitalise.ai, FlashTraderSpread0.1 pips on Standard and TradingView Accounts; 0.0 pips Raw AccountsLeverage1:30Deposit MethodsVisa, PayPal, Mastercard, Wire Transfer, Neteller, Skrill, Tether, Bitcoin, BPAY, Dragonpay, Fasapay, Interac, Pix, UnionPayWithdrawal MethodsMastercard, Visa, PayPal, Skrill, Neteller, Bitcoin, Tether, Wire Transfers, BPAY, Fasapay, Pix, Interac, UnionPay76.09% of retail investor accounts lose money
Dutch traders can join the broker thanks to its CySEC license. Other regulators monitoring eightcap’s operations include SCB (Bahamas), ASIC, FCA, and FSA (Seychelles). Tradable instruments include CFDs on forex, commodities, cryptocurrencies, and other CFD instruments. Dutch traders can resort to platforms like MT4, MT5, and WebTrader. The spread on EUR/USD and other major pairs starts from 0.0 pips (Raw account) or 1 pip (Standard account). Only Raw Account users will be charged a round-trip commission of $7 per lot traded.
- Min Deposit$50Trading InstrumentsCFDs on Indices, Forex, Shares, Crypto, Futures, Commodities, Options, Interest Rates, Sectors, Bonds, Knock-out tradingRegulatorsASIC, FCA, DFSA, CFTC, FMA, FINMA, BaFin, MAS, JFSA, FSCA, BMA (Bermuda)Trading PlatformsMT4, L2 Dealer, ProRealTime, IG proprietary software, TradingViewSpread0.6 pips CFD trading; 0.165 pips DMA tradingLeverage1:30Deposit MethodsVisa, Mastercard, Bank Transfer, Wire Transfer, Visa Electron, Discover, PayPal, Apple Pay, BPAYWithdrawal MethodsVisa, Visa Electron, Mastercard, Discover, Bank Transfer70% of retail client accounts lose money
Smooth trading experience for Dutch traders in their native language. Forex, Indices, Shares, and other other markets are available on MT4, ProRealTime, and TradingView. IG customers can also choose between crypto CFD trading and Turbo24 trading of Bitcoin and Ether. To diversify one’s trading experience, IG also offers trading EUR/USD in the form of Turbo24s, Barriers, Vanilla Options, and DMA (for professional traders only). Most forex trading options are commission-free, except for Barriers and Vanilla options, which will impose a commission of 0.1 units per contract (in the currency of the contract).
- Min Deposit$250Trading InstrumentsForex, Stocks, Indices, Commodities, ETFs, Indices, CryptocurrenciesRegulatorsFCA (License No. FRN 522157), CySEC (License No.169/12), FSC (FSC License No.: 000302/438), IFSC (License No.: 000302/46.), KNF (N/A), CNMV (N/A), BaFin (registered), FSCA (N/A), FSA Norway (registration ID - FT00118162)Trading PlatformsxStation 5, xStation MobileSpreadFrom 0.1 pips (Pro Account), 0.5 pips (Standard Account)Leverage1:30Deposit MethodsVisa, Maestro, Mastercard, Bank Transfer, Neteller, Skrill, PayPal, Ecommpay, PayUWithdrawal MethodsBank Transfers, Visa, Mastercard, Skrill80% of retail investor accounts lose money
European entity operating under licenses from KNF (Poland), CySEc (Cyprus), and FCA (UK). Dutch traders have access to markets like Forex, Indices, Commodities, Stocks, ETFs, and Cryptocurrencies. Implementing a fair pricing model, the broker imposes a minimum spread on EUR/USD trades of 0.8 pips. Since any trading surcharge is built into the spread, the broker charges no commission on forex trades.
- Min Deposit$100 ($1 for Invest MT5 Account)Trading InstrumentsCFDs on Forex, Indices, Stocks, Commodities, Bonds, ETFs, CryptocurrenciesRegulatorsCySEC (No. 201/13), ASIC (No. 410681), FCA (No. 595450), JSC (No. 57026), FSCA (No. FSP51311), EFSA (No. 4.1-1/46), CMA (No. 178), CIRO, FSA (No.SD073)Trading PlatformsMT4, MT5, WebTrader, MT Supreme Edition, StereoTraderSpreadFrom 0.0 pips (Invest and Zero Accounts), 0.5 pips (Trade Accounts)Leverage1:30Deposit MethodsVisa, Mastercard, Skrill, Klarna, Bank Transfer, PayPal, Neteller, iDeal, POLi, Perfect Money, CryptocurrenciesWithdrawal MethodsBank transfer, Visa, Mastercard, PayPal, Neteller, Skrill, Perfect Money73% of retail investor accounts lose money
Offers Dutch traders over 4,000 CFD instruments, including major forex pairs. Broker’s operations are regulated by CySEC, ASIC, FCA, JSC, and FSCA. Competitive pricing offers spreads as tight as 0.0 pips on major currency pairs and a commission of $3 per lot traded per side. These prices apply to Zero accounts, with Standard Account holders paying no commissions but having slightly higher spreads from 0.5 pips. Platforms that are available to Dutch traders include MT4 and MT5. According to CySEC regulations, Dutch retail traders can use leverage of up to 1:30 on major currency pairs.
- Min Deposit$100Trading InstrumentsCFDs on: Forex, Crypto, Indices, Commodities, Stocks, Options, ETFsRegulatorsTrading PlatformsProprietary desktop and mobile platformsSpread0.8 pipsLeverage1:30Deposit MethodsDebit Visa/Mastercard, Wire transfer, Apple Pay, Google PayWithdrawal MethodsDebit Visa/Mastercard, Wire transfer, Apple Pay, Google Pay82% of retail investor accounts lose money
Broker catering to Dutch traders, with its official website being available in Dutch. Regulators like FSA, FCA, CySEC, FMA, SFSA, MAS, DFSA, ASIC monitor the operations of Plus500. Offers trading of popular and minor currency pairs as well as CFDs on indices, cryptocurrencies, commodities, and more. A proprietary platform enables smooth trading, with zero commission charged on trades. Dynamic spreads ensure fair pricing models, EUR/USD for example having an average spread of 1.3 pips.
This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorised by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe such as leverage limitations and bonus restrictions.
Forex Brokers in Netherlands Compared by Spread
| Broker | EUR/USD | USD/JPY | GBP/USD | USD/CHF | AUD/USD | EUR/GBP | USD/CAD |
|---|---|---|---|---|---|---|---|
| 1. Fusion Markets | 0.07 | 0.13 | 1.01 | 0.37 | 0.90 | 0.23 | 0.14 |
| 2. Admirals | 0.1 | 10 | 1.00 | 1.2 | 0.4 | 0.00003 | 1.1 |
| 3. Global Prime | 0.13 | 0.28 | 1.11 | 0.34 | 0.07 | 0.28 | 0.26 |
| 4. IG | 0.85 | 0.9 | 1.40 | 1.95 | 1.01 | 0.9 | 2.1 |
| 5. AvaTrade | 0.9 | 1.3 | 1.3 | 1.3 | 1.1 | 1.2 | 1.8 |
| 6. XTB | 0.9 | 14 | 2.2 | 1.2 | 1.1 | 1.3 | 1.5 |
| 7. Pepperstone | 1.00 (min) | 1.0 | 1.00 (min) | 1.1 | 1.2 | 1.2 | 1.42 |
| 8. Eightcap | 1.00 (min) | 1.1 | 1 | 1.4 | 1.2 | 1 | 1.2 |
| 9. FP Markets | 1.1 | 0.30 | 1.2 | 1.8 | 1.2 | 0.20 | 1.5 |
| 10. Plus500 | 1.2 | 1.5 | 1.5 | 1.7 | 1.3 | 1.5 | 2 |
Account Types and Commissions
| Broker | Min Deposit | Account Types | Commission per Lot | Trustpilot Rating |
|---|---|---|---|---|
| 1. Fusion Markets | $0 | Zero, Classic, Islamic, Demo, Professional | $0 Classic Account, $4.50 round turn on Zero Account | 4.9 |
| 2. FP Markets | $50 (AU$100) | Standard, Raw, Demo, Professional, Islamic | $0 Standard Account; $6 round turn on Pro Account | 4.7 |
| 3. Pepperstone | $0 | Standard Account, Razor Account | $0 (Standard Account), $7 round-turn (Razor Account) | 4.6 |
| 4. Global Prime | $0 | Standard, Raw, Demo, Professional, Islamic | $0 Standard Accounts; $7 round turn on Raw Accounts | 4.5 |
| 5. AvaTrade | $100 | Retail, Professional, Islamic, MAM | $0 | 4.4 |
| 6. Eightcap | $100 | Standard, Raw, TradingView Account | $0 on Standard and TradingView Accounts; $7 round turn on Raw Accounts | 4.2 |
| 7. Plus500 | $100 | Demo Account; CFD Account; Invest Account, Pro Account, Islamic Account | $0 | 4.1 |
| 8. Admirals | $100 ($1 for Invest MT5 Account) | Trade (Standard), Invest (MT5), Zero | $3 per lot | 3.9 |
| 9. IG | $50 | Spread Betting Account, CFD Trading Account, Limited Risk Account, Islamic, Professional, Demo, Options and Share Dealing Accounts* | $0 | 3.7 |
| 10. XTB | $250 | Standard, Pro, and Islamic Accounts | $0 | 3.7 |
The Netherlands is a small country in Northwestern Europe renowned for its rich culture, boundless tulip fields, innovative water management, and windmills. It is one of the six founding members of the European Union (EU), along with Luxembourg, Belgium, Italy, France, and Germany.
Remarkable for its low-lying terrain, the country has been occupying an important position in Western Europe’s economic development ever since World War II. Its economy ranks as the 17th biggest on a global scale as of 2019 according to data compiled by the World Bank and the International Monetary Fund. The Dutch get to enjoy a highly prosperous open economy whose main characteristics include high trading surplus, low levels of inflation, and good industrial relationships.
The capital is where the Amsterdam Stock Exchange is located. The latter was founded at the beginning of the 17th century, which makes it one of the oldest securities exchanges in the world. In the fall of 2000, it merged with the stock exchanges of Paris and Brussels to create Euronext, the biggest cash equities market on the Old Continent.
The Netherlands is also renowned for its healthy and well-regulated foreign exchange trading scene. Its main partners in trade are other stable economies like France, the United States, the United Kingdom, Belgium, Russia, and Germany.
The country ditched the Dutch guilder for the Euro in 2002. The Forex sector is thriving in the Netherlands, with many brokers being able to service Dutch traders provided they do so in compliance with the rules of the Autoriteit Financiële Markten (AFM).
The Netherlands Forex Legislation
Forex brokers can legally operate in the Netherlands as long as they receive official authorization from the local regulator, the AFM. The Dutch regulatory framework largely overlaps with the requirements outlined by the European Securities and Markets Authority (ESMA).
Licensed brokers must be fully transparent about their operations and provide the local watchdog with regular reports about their trading volumes. They also need to notify the AFM in case their issued capital has fluctuated by more than 1% within three months.
The companies are expected to submit recurring financial statements. This enables the AFM to closely monitor the financial activities of its licensees and make sure they remain compliant with its policies. It also prevents them from indulging in any fraudulent or unfair practices.
Perhaps more importantly, Forex companies looking to provide trading services in the Netherlands must establish local offices and receive the necessary permits before they can start doing business. Under MiFID rules, brokers licensed in other top-tier EU jurisdictions are authorized by the AFM to legally operate in the country.
The companies’ operational capital and their customers’ funds should be stored in segregated accounts. The policy aims at ensuring the safety of clients’ money in the event of a given brokerage declaring insolvency.
These rigorous operational guidelines serve as a major incentive for local Forex traders. They can enjoy high levels of safety along with better trading conditions without having to stress about the risks associated with financial scams and irregularities.
The website of the Dutch regulator contains a very useful registry that enables local traders to verify whether a given firm is authorized before they choose its services. Public notices about malpractices and newsletters are published regularly so that the Dutch public can stay abreast of the latest financial frauds.
The Forex regulatory structure in the Netherlands undergoes routine updates to ensure it upholds the current standards of supervision in Europe. One of the latest changes occurred in 2019 and concerns the regulations that govern retail trading with contracts for difference (CFDs) and binary options.
Effective since April 2019, the new guidelines disallow the advertising, distribution, and sale of binary options to retail traders from the Netherlands. Permanent restrictions were imposed on offering CFDs as well, in line with the prescriptions ESMA issued earlier. The measures apply to companies based in the Netherlands as well as to those that hail from other member states of the European Union.
Brokerage firms that enable Dutch clients to trade CFDs with margin must adopt negative balance protection policies similarly to other EU countries like France and Germany. This measure prevents retail customers who trade with leverage to lose more money than what they have in their available account balance.
Each CFD broker must publish a standardized risk warning on its website to show what percentage of its retail customers lose their money due to leverage. CFD providers are also prohibited from incentivizing new clients with bonuses.
Maximum leverage caps on opening positions are in place to prevent inexperienced investors from suffering significant losses. The exact limit is product-specific and varies based on the respective instrument’s volatility.
The rule of thumb is the riskier the product, the lower its maximum allowed leverage. Respectively, the leverage ceiling is capped at 30:1 for major Forex pairs, 20:1 for minor/exotic pairs, major indices and gold, 10:1 for other commodities, 5:1 for individual equities, and 2:1 for cryptocurrencies.
The Netherlands Financial Regulators
The Dutch Authority for the Financial Markets (Autoriteit Financiële Markten or AFM) is the main overseer of the financial markets and services in the Netherlands. The AFM was set up at the beginning of March 2002 as a replacement for the previous regulator, the Securities Board of the Netherlands.
The legislation that led to the creation of the AFM greatly expanded its scope of supervisory responsibilities. The AFM is now tasked with overseeing a broad range of financial products, including insurance, savings, foreign exchange trading, stock exchanges, and investments. The AFM is an autonomous administrative entity but is still accountable to the Dutch Ministry of Finance.
The Dutch regulator participates in the European Securities and Markets Authority (ESMA). The latter is an independent body whose main purposes are to ensure the stability of the EU financial system, safeguard investors, and promote balanced financial markets. Because of its ESMA membership, the AFM aligns most of its regulatory policies with the guidelines of the EU financial regulator.
There are several important aims the AFM pursues, including promoting confidence in the local markets, assisting traders in dispute resolution, sanctioning violators, and ensuring smooth operations for all marker participants. The AFM operates in conjunction with the central bank of the Netherlands (De Nederlandsche Bank), which is a member of the European System of Central Banks (ESCB).
The Netherlands Forex Payment Methods
It is the norm for Forex brokerages to try and expand their market share by offering their customers multiple account types and a broader choice of payment methods. Most Dutch-friendly companies offer demonstration accounts funded with virtual credits traders can use to practice or test strategies.
Once Dutch customers have gained sufficient experience with the demo, they can open live accounts and fund them so they can invest real money into the Forex markets. Netherlands-friendly brokers offer multiple ways to deposit and withdraw money, including standard wire transfers and credit or debit cards by Visa and Mastercard.
Virtual wallets are also rather common at Dutch-friendly brokerages. Although Skrill and Neteller are widespread, PayPal beats them in terms of popularity – it is the preferred method of payment of more than 1.6 million Dutch residents. No matter which of the three options you choose, you need to undergo registration, verify your account, and fund the balance of your new e-wallet.
Some brokers cater to traders from the Netherlands with locally available payment methods like iDeal. This e-payment system is broadly implemented in the country, allowing users to conduct online money transfers directly from their bank accounts.
To use iDeal, Dutch traders must have accounts with an associated bank and sign up for its online banking services. The iDeal platform is supported by most major banks in the country, including RegioBank, ABN AMRO, Handelsbanken, ASN Bank, Van Lanschot, SNS Bank, ING, bunq, and Knab. Payments are completely secure with iDeal because the transactions are carried out via the respective banks’ online banking platforms.
Two other locally available methods you are likely to see at Netherlands-friendly brokers are Sofort and Trustly, both of which function on the same principles as iDeal, i.e. you need an online banking account at an associated financial institution. Payments carried out with any of the three platforms are safe, time-efficient, and cost-effective.
Before they pick a broker, traders from the Netherlands should check its minimum deposit requirements and lot sizes. These minimums very often depend on the type of live account one registers for.
Micro accounts are more suitable for novices and require a significantly smaller initial investment compared to the premium VIP accounts professionals prefer. We suggest you choose the EUR as your live account’s base currency so you can dodge the additional fees for currency conversion.
Popular Trading Software in the Netherlands
Many brokers operating on the Dutch market are practically the local branches of major trading providers based outside the Netherlands. Because of this, the software local Forex investors encounter most frequently is usually the same, the MetaTrader 4 (MT4).
Courtesy of the Cyprus-based developer MetaQuotes Software, MT4 has established itself as a standard in the Forex trading community. This is the platform of choice of traders all over the world and Dutch investors are not an exception. The MT4 has a simple and user-friendly layout that appeals to novice traders. More experienced users are attracted by the platform’s broad range of tools for market analysis.
Also featured is a customizable chart station that enables users to manually impose graphical objects onto their charts. There is a choice from three chart styles for displaying price movements – Japanese candlesticks, bars, and lines. It is possible to place orders by clicking directly on a chart.
Many brokers to service this region offer MetaTrader 5 (MT5) in parallel with its successor MT4. As a rule of thumb, MT5 is considered more suitable for well-versed traders who want to expand their portfolio with additional instruments like stocks, futures, options, and bonds.
Other common platforms for Dutch traders, albeit not as popular as the ones we previously mentioned, are cTrader, ZuluTrade, and the Sirix WebTrader. Some foreign exchange brokers develop proprietary trading software and offer it to Dutch customers concurrently with the platforms created by third-party companies like MetaQuotes.
Mobile Trading in the Netherlands
Desktop computers begin to gradually give way to mobile devices, which are broadly implemented for a variety of purposes, including online purchases, staying in touch with family and friends via social media platforms, browsing, and gaming. In the Netherlands alone, the number of active smartphone users exceeded 14.9 million people as of 2018.
Furthermore, the monthly smartphone usage is expected to rise in the years to follow reaching 16.6 million individuals by 2024 and penetration rates of over 96%. The Dutch Forex community has also jumped on the mobile bandwagon. An increasing number of investors from the country prefer to execute their orders on smartphones or tablets instead of being chained to their desktop computers.
Luckily, the Dutch cannot complain they lack options where mobile trading is concerned. The majority of brokers on the local market provide mobile access via downloadable apps that work on Android and iOS. The exact features and design of the apps vary between brokers, depending on whether they use propriety or third-party software.
Nevertheless, the apps are beyond useful because they provide Dutch traders with access to the Forex markets and their accounts at any given moment. Investors from the country have a chance to execute orders on the fly, monitor their open positions in real time, and track their portfolios.
The apps of the best Dutch-friendly brokers are inevitably easy to use and perform well across a variety of portable devices. Users can observe price movements in real time, trade a broad range of currency pairs as they go, and manage their portfolios in their native Dutch language.