5 Best Forex Brokers in the Netherlands - Forexsail

• Forexsail
• 4 Aug, 2022

The Netherlands is a highly regulated economy that provides secure access to trading on the Forex market. In this article, we explore the 5 best Forex brokers in the Netherlands which offer a variety of trading tools and competitive trading conditions.

1. XM BROKER

XM offers 5 types of trading accounts to the retail market traders which go as follows: Micro, Standard, XM zero, XM ultra-low finally it's the XM share accounts. Let's get a brief overview of this:

First of all, the Micro accounts are more of a GO-TO platform for the new traders as it requires a deposit amount of only $5. Don't let that amount distract you from anything because you'll be able to trade on all the base currencies including AUD, USD, GBP, CHF, JPY, EUR, PLN, and HUF.

Note: Just so you know, 1 micro lot = 1,000 units of the base currency.
 

In the same way, Standard accounts also offer all the base currencies similar to micro accounts and the deposit amount is also $5. The only difference is in the standard accounts, 1 standard lot = 100,000 units of the base currency.

Moving on, the Zero accounts require a minimum deposit amount of $10 and the base currencies are USD, EUR, and JPY. The standard lot of zero accounts are also similar to standard accounts.
 

And in the Ultra-low accounts, the minimum required amount is $50 where USD, EUR, AUD, GBP, SGD, ZAR are the base currencies. The standard lot is also similar to standard accounts. 

Note: XM ultra-low accounts are only available to certain trading groups.
 

That's not even all!

XM also offers share trading accounts along with swap-free trading accounts. The share accounts require a minimum deposit amount of $10,000 and the standard lot is similar to micro-accounts. But the share accounts only allow you to trade on USD as a base currency. 
 

As per the trading leverage, well it can vary from 2:1 to 30:1 pretty quickly which obviously depends on the trading instrument and the average spread is 0.1 pips on EUR/USD. Apart from this, XM offers a market execution process rather than instant execution.

2. Avatrade Broker

AvaTrade has declared itself as one of the most secure and regulated brokerage firms that currently exist. As a result, they don't provide bonuses or promotions quite often.

But, guess what?

They are now providing 2 types of Forex bonuses which include the welcome bonus for the new traders and a referral bonus for all sorts of traders.

Let's break it down in a little bit of detail, shall we?

Welcome bonus:

Ava is currently providing up to 40% Forex welcome bonus and for your kind information, the percentage will vary depending on the amount made on deposits.

Here are the terms and conditions that you need to follow in order to attain the bonus:

Referral Bonus

Referral in simple terms implies, inviting your friends or known person to join a certain group. Ava also lets you do that and not only that they also render a solid amount based on the deposits that your referred person makes. 

The bonus starts at  $250-$500, offering a $75 bonus, to $10,000, and up offering a $400 bonus.

Here are the terms and conditions that you need to follow in order to attain the bonus:

3. AssetsFX Broker

Though AssetsFX is one of the regulated brokers, it provides awesome bonuses, including with super reliable trading platform. Would you guess some?

In their promotion category, they introduce 2 new bonuses. 

1. Deposit Bonus.
2. Instant Cash Back. 
 
So, let's break it down in detail, shall we?

Deposit Bonus

Recently AssetsFX provided a 60% deposit bonus all over the world. They set up some conditions for this bonus that will apply if you want to get this bonus. Here are the terms and conditions which you may consider while getting the deposit bonus:

• When you initially deposit in your account, then the bonus will be deposited.
   
• For getting the deposit bonus, the minimum deposit amount is $100.
   
• Once you deposit into your account, AssetsFX will add 20% more credit to your trading account. For instance, if you deposit $1000 in your account, they will add your $200 credit. But the maximum credit limit is $1000.
   
• You can not withdraw the deposit bonus. You can only use it for your trading, and it stays 60 days after getting the deposit bonus.
   
• The bonus will be applicable to new clients who are not invited separately.
   
• Your bonus credit will not work for margin. It will disappear if you lose your balance of 20% of your deposit money.
   
• You get max leverage for your accounts with the bonus credit is 1:200.
   
• Your bonus will be added to your account after your complete your deposit.

 
AssetsFX has the right to change these terms and conditions about this bonus campaign without further warnings.

Instant Cash Back

AssetsFX provides a cashback offer for traders who open a live account and deposit at least $500. Traders will get $1 cashback for each lot.

Please look at the terms and conditions which you have to follow:

• You will be required an initial deposit of $500 or equivalent in any supported crypto for a new account to avail of this offer. This promotion will be applicable to both new and old clients. Who made the deposit and joined this cashback promotion?
   
• After activating your trading account, you have to request individually for the cashback program. This offer only applies to the forex pairs and metals.
   
• You cannot add an account for this bonus which is already signed under an IB. While getting this promotion, you cannot be combined with any other promotion. AssetsFX has the right to change these terms and conditions about this bonus campaign without further warnings.
   

4. FXTM Broker

FXTM charges different fees for its various account types. For instance, the ECN account's spreads are narrow yet its commission is high. If you have a large account balance or make a lot of trades, the commission you pay each transaction goes down.

Floating spreads for standard MT4 accounts start at 1.6 pips, whereas ECN accounts start at 0.1 pips.
 

FXTM customer service gives fast and relevant answers. They can be contacted in several languages. You can use a lot of educational tools, including a demo account and live webinars. Account opening is fast and fully digital.

On the negative side, FXTM has high CFD fees. It also charges an inactivity fee and in most cases, a withdrawal fee. The product portfolio is limited, as it lacks some asset classes like ETFs, bonds, mutual funds, etc.
 

5. Plus500 Broker

Plus500 offers over 2,000 CFDs spanning the foreign exchange (FX), cryptocurrency, commodity, equity/index, exchange-traded fund (ETF), and options markets. Any trader can open a CFD account with Plus500, but only those who meet two of three criteria can open a professional account.
 

Plus500 clearly targets those who are looking for an interface for executing trades without the need for advanced functionality.

The broker's spreads are competitive, which keeps costs low, and the proprietary WebTrader platform is intuitively functional. Clients of Plus500 U.K. have the additional security of regulation by the Financial Conduct Authority.
 

Not providing MT4 as an alternate platform, and no auto-trading makes this broker unsuitable for technically oriented traders. Furthermore, Plus500 is not the most beginner-friendly place to trade either due to its weak educational resources combined with the complexity and risk of CFD trading.

However, experienced investors who prefer to enter and exit their trades manually may find the functionality trade-off worth the lower expenses.