Best Forex broker in Nederland 2021

If you are looking for the best forex broker in Nederland, better if you are looking for a reputable forex broker in Netherlands licensed by the Netherlands Authority for the Financial Markets (AFM) here are some of the industry’s top-rated brokers.

I’ve personally traded with these forex brokers and can vouch that you get the best trading partner. Expect fast deposits, fast withdraws and reliable trading platforms, and trading Apps for Mobile, Web, or Computer.

I’ve only picked and reviewed forex brokers regulated in multiple jurisdictions including the EU, UK, and others.

Best forex brokers in Nederland 

BrokerRegulationRatingMin DepositMax LeverageSpreadsVisit Site
XM
XM
CySEC, IFSC, FCA, ASIC, DFSA5/5$51:888From 0 pipVisit XM
IC Markets
IC Markets
ASIC, CySEC, FSA5/5$2001:5000 pip True ECNVisit IC Markets
HF Markets
HF Markets
FCA, CySEC, FSA, DFSA, FSCA4.5/5$51:1000From 0 pipVisit HF Markets
ForexTime
ForexTime - FXTM
FCA, CySEC, FSCA4.5/5$101:2000From 0Visit FXTM

Forex brokers that accept iDeal Payments (Deposits and Withdraws)

It is always nice and convenient to use a local payment method.

If you already have an online banking account with a Dutch bank, here are forex brokers that accept iDeal for deposits and withdrawals in Nederland.

  1. XM
  2. HF Markets
  3. Forextime

iDeal payments platform is secure and popular with most banks in Netherlands including:  Knab,  SNS Bank, ABN AMRO, Handelsbanken, RegioBank, Van Lanschot, bunq, ASN Bank, and ING.

Note: you need a bank account with online banking with any of the above banks to create an iDeal account.

Forex brokers in Netherlands that accept PayPal

On my list, IC Markets  is the only forex broker in Nederland that accepts PayPal

Top 4 AFM Regulated Forex Brokers in Netherlands

  1. XM – Licensed by AFM as Trading Point of Financial Instruments Ltd
  2. IC Markets – view AFM licensing information
  3. HF Markets – view AFM licensing information
  4. Forextime(FXTM) – view AFM licensing information

Who is the AFM?

The Dutch Authority for the Financial Markets (AFM) is the financial conduct regulatory authority in Netherlands.

Since March 2002 the AFM has been the watchdog over companies involved in financial products and services like savings, loans, investment, stock exchanges, and insurance markets.

The AFM has three major aims:

  • Promoting confidence in the financial markets.
  • Making the financial markets more accessible
  • Promoting the smooth operation of the financial markets

 The AFM works together with the De Nederlandsche Bank which is the central bank whose job is to safeguard financial stability and sustainable prosperity in the Netherlands.

Forex brokers licensed by the AFM are expected to work within strict regulations that guarantee to protect your funds and personal information.

Trading with a regulated broker is as important as learning how to trade well.

Don’t fall prey to scam forex brokers that will hassle you to withdraw your profits.

How to Verify if a Forex Broker Is Licensed by AFM

  1. To verify if a forex broker is licensed and authorized to provide financial services in Netherlands go to the AFM portal.
  2. Search for the broker – enter the broker in the search bar then press the enter key on the keyboard or click the arrow to search.
How to verify a forex broker is licensed with AFM Nederland
  • The page will reload. Scroll down. If the forex broker you searched for is licensed by AFM, you should see it in the results.
How to verify a forex broker is licensed with AFM Netherlands - check results

Note: Some forex brokers are licensed under different business names in different jurisdictions. An example; XM licensed as Trading Point of Financial Instruments Ltd. 

To verify if the broker you want falls in this category, check their website or chat with them and ask.

How we chose the best forex brokers in Nederland

Forex brokers play a critical role as they are the intermediary between you and the forex markets.

Since they play such a role, you must pick a forex broker in Nederland that gives you the best chance to win at forex trading. Avoid scam brokers.

We consider several factors when putting together this list of the best brokers in Netherlands.

Regulation – International and Local Regulation

The most important factor to consider when settling for a forex broker is regulation.

If a forex broker is not regulated, there is a 99% chance that they will flee with your money.

But a regulated forex broker has to work within strict guidelines to protect investors.

For regulation, the most important factor we consider is where the broker is regulated.

We prefer forex brokers regulated with the most trusted authorities. We consider the FCA in the United Kingdom, CySEC in Cyprus, ASIC Australia, among others.

In addition to international regulation, we consider forex brokers licensed by local authorities.

In the Netherlands, the Dutch Authority for the Financial Markets (AFM) is the institution responsible for monitoring forex brokers.

You should only trade with forex brokers licensed to operate in the Netherlands by the AFM

Reliable Payments – Supports Fast Deposits and withdrawal

You are trading forex to make money, right? Choose on a forex broker where you can easily deposit and more importantly easily withdraw your profits.

If a forex broker supports a local payment option, the better.

Low Trading costs

It is easy to lose money on devilish spreads or trading commissions, so only work with forex brokers with low trading costs.

Reliable Platform and trading tools

They say a poor workman blames his tools, but, in forex trading, your tools can affect your performance.

Choose a broker with familiar and reliable trading platforms. Most forex brokers in this article have the popular trading apps, MT4, MT5 and one has cTrader.

These are accepted as standard and reliable.

Fast Trade execution

If you are a scalper who gets in and out of traders fast then trade execution is critical.

The close the servers of a forex broker are close to you the faster the trade execution.

Only reliable forex brokers invest in the infrastructure that speeds up entering and exiting trades.

Great Customer Support.

You will run into issues even regulated and reputable forex brokers.

Technology may fail you, withdraws may take a lot longer, a platform may misbehave, at any one point you will need the help of your forex broker.

Only trade with forex brokers with great and responsive customer care.

Luckily for you, I have tried and tested the customer care of the forex the brokers I recommend in this list.

Good Trader Education

Especially for beginner traders, you need to trade with a forex broker that invests in your trading success.

This can be through a stocked education or learning area, webinars, offline seminars, and more.

Now, which is the Best Forex broker in Nederland 

The best forex broker is one that meets your trading needs.

If you want a forex broker that supports PayPal, then IC Markets is the best forex broker in Nederland

If you want a forex broker with fast withdrawals, then XM is the best forex broker in Netherlands

If you want a forex broker with multiple regulations, then XM tops the charts regulated in UK, Europe, Dubai, Australia, South Africa, and Asia

If you want a broker that supports Bank wire transfers, HF Market and IC Markets are your best bet.

If you want a broker with high leverage, HF Markets is your broker.

If you want a true ECN forex broker, go with IC Markets.

I’ve personally traded with all these forex brokers, and continue to trade with all of them. I don’t put all my eggs in one basket.

But, if you are to pick one, go with XM.

Test it with a free demo account or get the free $30 No deposit Welcome Trading bonus

  • Available to only new clients
  • No deposit required
  • Automatically credited to your account
  • You can withdraw all your profits

Additionally, XM offers you

  • 50% Deposit Bonus up to $ 500
  • 20% Deposit Bonus up to $4,500
  • Zero Fees on Deposits & Withdrawals
  • Free VPS Services
  • XM has a great Loyalty Program