Best forex brokers in Italy
For forex in Italy, from Rome or anywhere else in the country, 6 of the 7 brokers we review are open to you. XTB takes first place, followed by two brokers picked from those that serve Italy.
By Broksal Team, investing in forex and CFD markets since 2017. Updated . How we test
How we score
Each broker gets five sub-scores out of 5:
Regulation and safety (30%), trading costs (25%), platforms and tools (20%), range of markets (15%) and ease of use (10%). The overall score is the weighted average, rounded to one decimal.
Availability is checked against each broker's published country lists. The ranking order is editorial and reflects our commercial agreements, so it does not always follow the scores. Full methodology
Advertiser disclosure
Broksal is free to use because some brokers pay us a commission when you open an account through our links. This can influence which broker we feature and the order in which brokers appear.
Commissions never change the facts we publish about regulation, fees or country availability, and they cost you nothing.
Top 3 forex brokers for Italy
- 1
Our top pick in Italy
XTB
4.8Own platform, no minimum deposit, commission-free stocks and ETFs within a monthly limit
Forex CFDs Forex CFDs on xStation 5 with an average EUR/USD spread of about 0.8 pips on the Standard account and no commission.
- Minimum deposit
- No minimum
- Platforms
- xStation 5 (web & desktop), XTB mobile app
- Entity for Italy
- XTB S.A. — KNF (Poland)
- CFDs
- Yes
Show pros, cons and feesHide details
xStation 5: Market Watch with sentiment tabs on the left, an EUR/USD hourly chart with one-click order entry, and open positions below. Account number blurred. What we like
- Publicly listed in Warsaw with KNF, FCA and CySEC oversight
- No minimum deposit
- xStation 5 is fast, clean and has built-in market sentiment and calendars
- Real stocks and ETFs commission-free up to €100,000 monthly turnover
Watch out for
- No MetaTrader or cTrader
- Since March 2026 the international entity accepts residents of only a short list of countries
- Inactivity fee after 12 months without trading
Fees
CFDs are priced through the spread on the Standard account. Real stocks and ETFs are commission-free up to €100,000 of monthly turnover, then 0.2% (minimum €10). Currency conversion and overnight swap costs apply.
Best for
Beginners and active traders who want one app for CFDs and real stocks.
- 2
XM
4.6MT4 and MT5 from a $5 deposit, with multiple account types
Serves Italy through its EU regulated entity
Forex CFDs MetaTrader 4 and 5 from a $5 deposit; the Ultra Low account averages 1.1 pips on EUR/USD with no commission.
- Minimum deposit
- $5
- Platforms
- MetaTrader 4, MetaTrader 5, XM app
- Entity for Italy
- Trading Point of Financial Instruments Ltd — CySEC
- CFDs
- Yes
Show pros, cons and feesHide details
XM's MetaTrader platform on desktop and mobile, with one-click trading on EUR/USD. XM's EU site states that 75.12% of retail investor accounts lose money when trading CFDs with this provider. What we like
- Very low minimum deposit outside the EU
- MT4 and MT5 plus its own mobile app
- Accepts residents of a very wide list of countries
- Standard, Ultra Low and Shares account types
Watch out for
- Not available in the US, Canada, Israel or the UK
- Most non-EU clients are onboarded by an offshore entity with lighter protection
- Dormant account fee after 90 days without activity
Fees
The Standard account is commission-free with costs built into the spread; the Ultra Low account offers tighter spreads. Swaps apply on positions held overnight. A monthly dormant fee is charged after 90 days of inactivity.
Best for
MetaTrader users with small starting balances.
- 3
Interactive Brokers
4.7The widest market access here, with low costs and top-tier regulation
Serves Italy through its EU regulated entity
Spot forex and CFDs Interbank pricing from 0.1 pips with a 0.2 basis point commission (minimum $2); spot forex as well as forex CFDs.
- Minimum deposit
- No minimum
- Platforms
- Trader Workstation (TWS), IBKR Desktop, Client Portal (web) +2
- Entity for Italy
- Interactive Brokers Ireland Limited — Central Bank of Ireland
- CFDs
- Yes
Show pros, cons and feesHide details
Interactive Brokers homepage, showing the desktop platform and mobile app and the new AI-assisted analysis integrations. What we like
- Listed on Nasdaq and regulated by top-tier authorities worldwide
- Access to stocks, options, futures and bonds on 150+ markets
- No minimum deposit and no inactivity fee
- Accepts residents of most countries
Watch out for
- Trader Workstation has a steep learning curve
- CFDs are not available to US residents
- Account opening asks for more documents than most brokers
Fees
Two pricing plans: Fixed (one all-in commission) and Tiered (lower exchange-based commission plus pass-through fees). CFD commissions are charged per trade, with financing on overnight positions. There is no inactivity fee.
Best for
Experienced investors who want access to global exchanges.
Also available in Italy:
IC Markets 4.6
IQ Option 4.1
eToro 4.3
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Each broker publishes its own current loss percentage on its website.
Forex from Italy: the rules
Retail leverage on major currency pairs is capped at 30:1 for residents of Italy, and 20:1 on other pairs, with negative balance protection. Locally, financial services are supervised by the CONSOB.
Best time to trade currencies from Rome
Major currency pairs are usually most liquid while London and New York are both open: 15:30–17:30 local time (UTC+2, early October 2026). The forex week runs from Sunday 23:00 to Friday 23:00 local time.
Tax
Gains on CFDs are generally taxed at 26% as 'redditi diversi'. With a foreign broker you usually declare them yourself (regime dichiarativo) and report the account in the RW section of your return. This is general information, not tax advice. More on trading from Italy.
All 7 brokers we review, checked for forex in Italy
| Broker | Status | Access | Entity for Italy |
|---|---|---|---|
| XTB | #1 in this ranking | Forex CFDs | XTB S.A. — KNF (Poland) |
| XM | #2 in this ranking | Forex CFDs | Trading Point of Financial Instruments Ltd — CySEC |
| IC Markets | Available | Forex CFDs | IC Markets (EU) Ltd — CySEC |
| Interactive Brokers | #3 in this ranking | Spot forex and CFDs | Interactive Brokers Ireland Limited — Central Bank of Ireland |
| Freedom24 | No forex here | — | — |
| IQ Option | Available | Forex CFDs | IQ Option Europe Ltd — CySEC (licence 247/14) |
| eToro | Available | Forex CFDs | eToro (Europe) Ltd — CySEC |
Forex rankings in countries bordering Italy
| Country | Brokers offering forex | #1 |
|---|---|---|
| 🇦🇹 Austria | 6 | XTB |
| 🇫🇷 France | 6 | XTB |
| 🇸🇲 San Marino | 4 | XM |
| 🇸🇮 Slovenia | 6 | XTB |
| 🇨🇭 Switzerland | 4 | XM |
| 🇻🇦 Vatican City | 3 | XM |
Frequently asked questions
What is the best forex broker in Italy?
XTB, in our ranking. Forex CFDs on xStation 5 with an average EUR/USD spread of about 0.8 pips on the Standard account and no commission. XM and Interactive Brokers complete the top 3.
Which brokers offer forex to residents of Italy?
Of the brokers we review: XTB (forex cfds), XM (forex cfds), IC Markets (forex cfds), Interactive Brokers (spot forex and cfds), IQ Option (forex cfds) and eToro (forex cfds).
What are the rules for forex in Italy?
Retail leverage on major currency pairs is capped at 30:1 for residents of Italy, and 20:1 on other pairs, with negative balance protection.
When is forex most liquid in Italy?
Usually 15:30–17:30 local time, while London and New York are both open (early October 2026 times).
Which forex broker has the lowest costs?
On a one-lot EUR/USD trade, Interactive Brokers was cheapest in our fee comparison, followed by XTB and IC Markets at about $8. For small trades the $2 minimum commission at IBKR makes XTB cheaper.
Availability last checked 6 October 2026. Brokers change their country lists without notice; the broker's sign-up form is the final word.