| Updated: September 3, 2024With a developed economy, well-educated population, and above-average gross domestic product per capita, Slovenia positions itself as an attractive destination for new forex brokers looking to expand their operations in Europe. The country’s demand for retail forex trading has been rapidly increasing in recent years, further adding to its appeal for brokers. Finding a reliable forex broker that adheres to the local regulatory framework is crucial for Slovenians looking to trade forex in a fair and transparent environment.
If this is what you are after, you have come to the right place. To help you make an informed decision, we drew up a list of the most reliable brokers catering to Slovenian forex traders. We have meticulously analyzed their services across multiple parameters to create an unbiased ranking. Price transparency, regulatory compliance, educational content, currency pairs range, and consumer protections are some of the aspects we looked at during our research process. We can confidently say our top picks outperform the competition in all these areas.
Fusion Markets74-89% of retail CFD accounts lose money
Spreadex64% of retail investors lose money
Global Prime74-89% of retail CFD accounts lose money
FBS72.12% of retail investor accounts lose money
AxiThe vast majority of retail client accounts lose money
Capital.com75% of retail investor accounts lose money
Plus50080% of retail investor accounts lose money
Admirals73% of retail investor accounts lose money
Saxo Bank65% of retail investor accounts lose money
Tickmill70% of retail investor accounts lose moneySlovenian Forex Brokers Ranked by Trustpilot Score
| Forex Broker | Trustpilot Reviews | |
|---|---|---|
| 1. Fusion Markets | 1,862 | 4.9 ⭐ |
| 2. Spreadex | 113 | 4.5 ⭐ |
| 3. Global Prime | 161 | 4.4 ⭐ |
| 4. Capital.com | 11,249 | 4.3 ⭐ |
| 5. FBS | 2,926 | 4.3 ⭐ |
| 6. Axi | 2,371 | 4.3 ⭐ |
| 7. Plus500 | 14,038 | 4.1 ⭐ |
| 8. Admirals | 1,851 | 3.9 ⭐ |
| 9. Saxo Bank | 6,484 | 3.8 ⭐ |
| 10. Tickmill | 835 | 3.7 ⭐ |
Slovenian Forex Brokers Ranked by Spread Commission
| Forex Broker | EURUSD | USDJPY | EURGBP | GBPUSD |
|---|---|---|---|---|
| 1. Tickmill | 0.1 | 0.1 | 0.4 | 0.3 |
| 2. Admirals | 0.1 | 10 | 0.00003 | 1.00 |
| 3. Fusion Markets | 0.07 | 0.13 | 0.23 | 1.01 |
| 4. Global Prime | 0.13 | 0.28 | 0.28 | 1.11 |
| 5. Spreadex | 0.6 | 9 | 0.9 | 0.8 |
| 6. Capital.com | 0.6 | 10 | 2 | 1.3 |
| 7. FBS | 0.7 | 1.3 | 2.7 | 1.2 |
| 8. Saxo Bank | 0.9 | 1.2 | 0.8 | 1 |
| 9. Axi | 1.2 | 1.4 | 1.1 | 1.2 |
| 10. Plus500 | 1.2 | 1.5 | 1.5 | 1.5 |
Slovenian Forex Brokers Ranked by Commission per Lot
| Forex Broker | Commission per lot |
|---|---|
| 1. FBS | $0 |
| 2. Saxo Bank | $3 per lot |
| 3. Plus500 | $0 |
| 4. Spreadex | $0 |
| 5. Capital.com | $0 |
| 6. Fusion Markets | $0 Classic Account, $4.50 round turn on Zero Account |
| 7. Admirals | $3 per lot |
| 8. Tickmill | $0 on Classic Account; $3 per side on Raw Account |
| 9. Global Prime | $0 Standard Accounts; $7 round turn on Raw Accounts |
| 10. Axi | $0 on Standard Account; $7 round trip on Pro Account |
Important Note: The Securities Market Agency (ATVP) oversees the operations of all forex brokers in Slovenia and ensures they comply with local and European regulations, including ESMA’s Markets in Financial Instruments Directive 2014 (MiFID II). Few brokers have procured ATVP licenses at the time of publication. Most broking firms operating on the local market serve Slovenia traders through European subsidiaries with licenses procured from other EU regulatory watchdogs like CySEC.
Top 10 FX Brokers in Slovenia
Fusion Markets Broker Details Supports Slovenian No Slovenian Currency (EUR) Yes Regulators ASIC, FSA (Seychelles), VFSC (Vanuatu) Min Deposit $0 Trading Platforms MetaTrader4, MetaTrader5, cTrader, DupliTrade, Fusion+ Copy Trade Trustpilot Rating 4.9 out of 1,862 reviews Number of Forex Pairs to Trade 90+ Leverage Forex & Metals: 1:30 (1:500 for forex and metals via VFSC)
Index CFDs: 1:5
Cryptocurrencies: 1:2 (ASIC), 1:10 (FSA, VFSC)Spread EURUSD: 0.07
USDJPY: 0.13
EURGBP: 0.23
GBPUSD: 1.01Forex Commission per Lot per Trade $0 Classic Account, $4.50 round turn on Zero Account Deposit Methods Visa, 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 Withdrawal Methods Visa, Mastercard, Bank Wire, Skrill, Neteller,Bitcoin, Ethereum, Litecoin, Tether, Ripple, MiFinity Key Pros
- Offers some of the lowest spreads
- ASIC clients enjoy a negative balance protection
- Supports popular trading platforms
- Offers two copy trading platforms
- Supports fiat and crypto payment solutions
Key Cons
- Does not offer investor protection
- Traders outside Australia have no negative balance protection
- Cannot set up an account in a minor currency
- Has no FCA license
Global Prime Broker Details Supports Slovenian No Slovenian Currency (EUR) Yes Regulators ASIC (No. 385620), VFSC (No. 40256) Min Deposit $0 Trading Platforms MT4 Desktop, MT4 Webtrader, MT4 Android Trustpilot Rating 4.4 out of 161 reviews Number of Forex Pairs to Trade 56 Leverage Forex & Metals: 1:500 (1:30 for ASIC entity)
Index CFDs: 1:100 (1:20 for ASIC entity)
Cryptocurrencies: Up to 1:2 (ASIC); Up to 1:5 (Pro and VFSC)Spread EURUSD: 0.13
USDJPY: 0.28
EURGBP: 0.28
GBPUSD: 1.11Forex Commission per Lot per Trade $0 Standard Accounts; $7 round turn on Raw Accounts Deposit Methods Visa, Mastercard, PayPal, Skrill, Neteller, Gate8, Dragonpay, Fasapay, VNPay, Pagsmile, BPay, POLi, AstroPay, Bank Transfer, Interac, Perfect Money, PayID, Jeton, MiFinity, XPay, Crypto Withdrawal Methods Mastercard, Visa, Local Bank Transfer, Bank Wire Transfer, Skrill, Neteller, AstroPay, PayPal, Dragonpay, Perfect Money, Jeton, Interac, Cryptocurrencies
Key Pros
- Overseen by a top-tier financial regulator (ASIC)
- No fees on deposits and withdrawals
- Low fees for FX trading
- Streamlined sign-up process
- A broad range of currency pairs
Key Cons
- Could use more trading platforms
- A limited range of educational resources
- Does not offer Islamic or cent accounts
FBS Broker Details Supports Slovenian No Slovenian Currency (EUR) Yes Regulators CySEC (No. 331/17), FSC (No. 000102/6), ASIC (No. 426359) Min Deposit Standard accounts: $100
Cent accounts: $10Trading Platforms MT5 Desktop, MT5 WebTrader, MT4 Trustpilot Rating 4.3 out of 2,926 reviews Number of Forex Pairs to Trade 35+ Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 0.7
USDJPY: 1.3
EURGBP: 2.7
GBPUSD: 1.2Forex Commission per Lot per Trade $0 Deposit Methods Visa, Mastercard, Maestro, Skrill, Bank Transfer, Neteller, EFT, Sticpay, Perfect Money, Fasapay, AstroPay, Pix Withdrawal Methods Visa, Mastercard, Maestro, Perfect Money, Neteller, Sticpay, EFT, Bank Transfer, Skrill, AstroPay, Pix, Fasapay Key Pros
- Leverage of up to 1:3000 on FX majors (non-EU)
- Excellent learning content
- Novice FX traders can set up cent accounts
- Market execution speed averages 0.3 seconds
- Great Guidebook for FX trading
Key Cons
- Facilitates trading via MT5 only
- Below-average range of tradable products
- Lacks FCA authorization
Admirals Broker Details Supports Slovenian Yes Slovenian Currency (EUR) Yes Regulators CySEC (No. 201/13), ASIC (No. 410681), FCA (No. 595450), JSC (No. 57026), FSCA (No. FSP51311) Min Deposit $100 ($1 for Invest MT5 Account) Trading Platforms MT4, MT5, WebTrader, MT Supreme Edition, StereoTrader Trustpilot Rating 3.9 out of 1,851 reviews Number of Forex Pairs to Trade 82 Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 0.1
USDJPY: 10
EURGBP: 0.00003
GBPUSD: 1.00Forex Commission per Lot per Trade $3 per lot Deposit Methods Visa, Mastercard, Skrill, Klarna, Bank Transfer, PayPal, Neteller, iDeal, POLi, Perfect Money, Cryptocurrencies Withdrawal Methods Bank transfer, Visa, Mastercard, PayPal, Neteller, Skrill, Perfect Money Key Pros
- Over 8,000 markets available
- 80 forex pairs tradable through CFDs
- Swap-free forex accounts for Islamic customers
- Offers forex trading in micro lots
- No fees on deposits
Key Cons
- Only one free withdrawal per calendar month
- Does not trade publicly on a stock exchange
Saxo Bank Broker Details Supports Slovenian No Slovenian Currency (EUR) Yes Regulators FCA (No. 551422), FSA Denmark (No. 1149), MAS (No. 200601141M), ASIC (No. 32110128286), SFC Hong Kong (No. 1395901), FSA Japan (No. 0104-01-082810) Min Deposit $0 Classic$200,000 + Platinum $1,000,000 + VIP Trading Platforms SaxoTraderGO, SaxoTraderPRO, TradingView Trustpilot Rating 3.8 out of 6,484 reviews Number of Forex Pairs to Trade 185+ Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 0.9
USDJPY: 1.2
EURGBP: 0.8
GBPUSD: 1Forex Commission per Lot per Trade $3 per lot Deposit Methods Visa, Visa Electron, Mastercard, Maestro, Bank Transfer, Quick Payment Withdrawal Methods Bank Transfer Key Pros
- Offers a varied range of major, minor, and exotic FX pairs
- Provides tier-1 liquidity for high order fill rates
- Boasts over 30 years of experience in the financial industry
- Offers more than 140 FX forward contracts
- Excellent fill rates for FX majors like EUR/USD
Key Cons
- Steep minimum deposits for VIP and Platinum accounts
- Overcrowded and hard-to-navigate website
- Customizing SaxoTraderPRO for desktop takes some time
Tickmill Broker Details Supports Slovenian No Slovenian Currency (EUR) Yes Regulators CySEC (No. 278/15), FCA (733772), CONSOB (No.4310), BaFin (No.146511), ACPR (No.75473), CNVM (No.4082), FSA Seychelles (SD 008), FSCA (FSP 49464) Min Deposit $100 Trading Platforms MT4, MT5, WebTrader, ZuluTrade Trustpilot Rating 3.7 out of 835 reviews Number of Forex Pairs to Trade 62 Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 0.1
USDJPY: 0.1
EURGBP: 0.4
GBPUSD: 0.3Forex Commission per Lot per Trade $0 on Classic Account; $3 per side on Raw Account Deposit Methods Bank Transfer, Skrill, Mastercard, Visa, PayPal, Przelewy24, Neteller, Trustly Withdrawal Methods Mastercard, Visa, Skrill, Neteller, Przelewy24, PayPal, Bank Transfer Key Pros
- Offers swap-free accounts for Islamic customers
- No commissions on FX trades via Classic accounts
- Global presence in over 180 countries
- FX spreads from zero pips on Raw accounts
- Swift order execution with no requotes
Key Cons
- Could use more base account currencies
- Bank-transfer deposits below $5,000 incur extra fees
Plus500 Broker Details Supports Slovenian Yes Slovenian Currency (EUR) Yes Regulators FSA (No.4.1-1/18), FCA (No. FRN 509909), CySEC (No.250/14), FMA (No.47546), SFSA (No. SD039), MAS (No. CMS100648), DFSA (No. F005651), ASIC (No. 417727) Min Deposit $100 Trading Platforms Proprietary desktop and mobile platforms Trustpilot Rating 4.1 out of 14,038 reviews Number of Forex Pairs to Trade 60+ Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 1.2
USDJPY: 1.5
EURGBP: 1.5
GBPUSD: 1.5Forex Commission per Lot per Trade $0 Deposit Methods Mastercard, Visa, Skrill, PayPal, Bank Transfer, Apple Pay, BPAY Withdrawal Methods PayPal, Bank Transfer, Visa, Mastercard, Skrill Key Pros
- Trades publicly on the London Stock Exchange
- Commission-free FX trading with tight spreads
- Great selection of analytical tools and educational materials
- Easy and quick account opening
- Provides real-time FX quotes
Key Cons
- Charges administrative fees on inactive accounts
- The platform could use more customization features
Axi Broker Details Supports Slovenian No Slovenian Currency (EUR) Yes Regulators ASIC, FCA, CySEC, DFSA, FSA (Saint Vincent and the Grenadines) Min Deposit $0 Trading Platforms MT4 Desktop, MT4 WebTrader, Axi Mobile Trustpilot Rating 4.3 out of 2,371 reviews Number of Forex Pairs to Trade 80 Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 1.2
USDJPY: 1.4
EURGBP: 1.1
GBPUSD: 1.2Forex Commission per Lot per Trade $0 on Standard Account; $7 round trip on Pro Account Deposit Methods Visa, Mastercard, Bank Transfer, Neteller, Skrill, AstroPay, Fasapay, Przelewy24, Boleto, Pix, Bitcoin, Ethereum, Ripple, Litecoin, Tether, Stellar Withdrawal Methods Mastercard, Visa, Bank Transfer, Przelewy24, Fasapay, Skrill, AstroPay, Pix, Boleto, Neteller, Bitcoin, Ripple, Ethereum, Litecoin, Tether, Stellar Key Pros
- Provides multilingual customer support
- Standard and Pro accounts available in 10 base currencies
- No minimum deposit requirements on Pro and Standard accounts
- Over 70 FX pairs tradable from zero pips
- Swift order execution and tight spreads
Key Cons
- A limited choice of trading platforms
- Below-average number of tradable symbols
Spreadex Broker Details Supports Slovenian No Slovenian Currency (EUR) Yes Regulators FCA (No. 190941) Min Deposit $0 Trading Platforms TradingView, proprietary software Trustpilot Rating 4.5 out of 113 reviews Number of Forex Pairs to Trade 60+ Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 0.6
USDJPY: 9
EURGBP: 0.9
GBPUSD: 0.8Forex Commission per Lot per Trade $0 Deposit Methods Mastercard, Visa, Maestro, Direct Debit, Check, Bank Transfer Withdrawal Methods Visa, Maestro, Mastercard, Bank Transfer, Check Key Pros
- Provides access to over 10,000 tradable symbols
- Well-designed and intuitive mobile trading app
- Offers spread betting on FX pairs
- Commission-free FX trading with tight spreads
- Seamless registration process
Key Cons
- No support for MetaTrader 4 or 5
- Licensed by a single financial regulator (FCA)
- Deposits under $/£50 may incur additional charges
Capital.com Broker Details Supports Slovenian No Slovenian Currency (EUR) Yes Regulators ASIC, FCA, CySEC, SCB, MiFID Min Deposit $20 Trading Platforms MetaTrader 4, TradingView Trustpilot Rating 4.3 out of 11,249 reviews Number of Forex Pairs to Trade 125+ Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 0.6
USDJPY: 10
EURGBP: 2
GBPUSD: 1.3Forex Commission per Lot per Trade $0 Deposit Methods Bank transfers, VISA, MasterCard, Maestro, Apple Pay, PayPal, Neteller, Skrill, Sofort, Przelewy, TrueLayer, iDEAL, Trustly, SPEI Withdrawal Methods Bank transfers, bank cards, Apple Pay, PayPal, Neteller, Skrill, Sofort, Trustly Key Pros
- Trusted by 580K+ traders across the globe
- Trading guides for beginner, intermediate, and advanced traders
- Mobile apps for Android and iOS devices
- Low FX fees built into the spread
- Negative balance protection
Key Cons
- There is an inactivity fee after 1 year
- No two-step login
- No price alerts on the web platform
Is Forex Trading Legal in Slovenia?
Forex trading is legal and regulated under the provisions of Slovenia’s Markets in Financial Instruments Act. Brokers looking to execute orders on behalf of Slovenian clients and provide investment advice can apply for licenses from the local Securities Market Agency (ATVP). Applicants seeking ATVP authorization must demonstrate sufficient expertise and experience in the field of finance. They must either have certificates for professional qualification or successfully pass a financial knowledge test with the Bank Association of Slovenia.
Brokers interested in gaining local authorization must demonstrate impunity and have clean criminal and regulatory track records. They should be adequately capitalized to provide forex trading services in the country. The minimum capital requirements in Slovenia range from €75,000 to €750,000, depending on whether the companies manage client funds and conduct trades on their own account.
Applicants must provide forward-looking business plans outlining their objectives for the next three years. The ATVP also requests information about the corporate structure of broking firms and the internal control systems they implement. Approved brokers must contribute to investor compensation schemes and uphold high levels of retail consumer protection. Last but not least, authorized brokerages must closely follow ESMA and MiFID guidelines that apply in all EU and EEA countries.
Forex Trading Regulators in Slovenia
The provision of forex trading services in Slovenia is subject to oversight on behalf of the Slovenian Securities Market Agency (ATVP). The Ljubljana-based regulatory body monitors the operations of most participants in the local financial market, including forex brokers, stock exchanges, fund management firms, investment companies, and pension funds. It was created in 1994 and reports directly to the country’s National Assembly.
Slovenia’s Markets in Financial Instruments Act delegates several important responsibilities to the ATVP, starting with maintaining the stability, efficiency, and transparency of the local financial markets. The regulator grants authorization to approved financial services providers, issues their licenses, and takes punitive action against entities that violate the country’s financial laws. It sanctions prospectuses for publicly traded securities and grants permits for takeover bids.
As a result of Slovenia’s EU accession in 2004, the ATVP also monitors for compliance with the MiFID II guidelines. This directive enables forex brokers licensed in other EU and EEA member states to legally carry out trades on behalf of Slovenians without necessarily applying for ATVP permits. Many broking firms serve clients from Slovenia with licenses issued by CySEC (Cyprus Securities and Exchange Commission). They are equally reliable as all EU-based financial watchdogs adhere to the same ESMA and MiFID guidelines.
How to Identify Forex Brokers Authorized in Slovenia
Confirming a broker is properly authorized is vital for Slovenians looking to avoid forex scams and other forms of financial fraud. The quickest way to verify the regulatory status of forex brokers is to check the ATVP database of licensed entities. All brokers registered and regulated in the country are listed there. Conversely, you can search the licensee registries of EU-based regulators like CySEC.
Many brokers authorized in Slovenia offer their services through European subsidiaries. You can also browse the ATVP warnings list upon suspicion your broker targets Slovenians without due authorization. We recommend you follow the ATVP on social media platforms like Facebook and X to stay abreast of the latest regulatory decisions and announcements of the watchdog.
Security at Slovenian Forex Brokers
The best forex brokers in Slovenia adhere to strict regulatory guidelines to ensure high levels of investor protection and prevent scams. They implement robust measures mandated by local and European regulations to protect Slovenian traders. All regulated brokerages featured on our list of recommendations meet the requirements for capital adequacy and participate in investor compensation schemes. Slovenian traders can claim maximum compensation of €20,000 per customer if their forex brokers cease operations due to bankruptcy or other financial issues.
While we are on the unpleasant subject of bankruptcy, we should also mention that regulated brokers never commingle their operating capital with the money deposited by their customers. They follow strict fund segregation policies as required by EU and ATVP regulations. Law-abiding broking firms always store the funds deposited by their customers in separate accounts at central banks or other accredited financial institutions in Europe.
The brokers we have shortlisted for Slovenians also offer negative balance protection to customers trading on margin, safeguarding them from suffering losses that exceed their available balance. They demonstrate a firm commitment to customer education by providing abundant educational resources that aim to improve clients’ understanding of trading with CFDs and other complex derivatives.
In this vein, it is also worth mentioning that all regulated brokers in Slovenia post disclaimers warning retail clients about the risks of losing money when trading with leverage. These disclaimers are normally posted at the top or bottom of their websites and are visible on all pages. The percentage of retail customers losing money through CFD trading with the respective CFD provider is also included. Brokers offering extensive educational and market research content normally have lower percentages of losing retail traders.
Slovenian customers have access to accurate forex price quotes and transparent information about financing costs. Price accuracy is extremely important because it impacts one’s overall trading results. All trusted brokers serving forex traders from Slovenia utilize state-of-the-art encryptions, firewalls, and security protocols to prevent customers’ sensitive data from being intercepted during transmission.
Negative Balance Protection at Slovenian Forex Brokers
There is no need to worry about ending up with a negative balance when trading currency CFDs with brokers authorized in Slovenia. All EU and ATVP-compliant brokers provide derivative traders with a legitimate safety net in the form of negative balance protection. The mechanism guarantees customers with leveraged positions can never incur losses greater than their available balance.
If a client’s equity starts declining due to sharp price fluctuations, the broker will automatically terminate all losing leveraged positions to prevent further losses. Trusted brokerages waive their right to claim deficits in negative accounts and reset them to zero instead.
The practice guarantees unversed clients can never slip into debt when volatile markets gap or move abruptly against their leveraged trades. Negative balance protection is usually complemented by the automatic closeouts of losing positions when clients’ equity reaches or drops below 50% of the margin required to maintain them.
Taxes on Forex Trading Profits in Slovenia
Slovenians should consider the potential tax implications before they open live trading accounts with a regulated forex broker. Forex trading earnings are liable for capital gains and personal income taxes in Slovenia. Capital gains taxes range from 0% to 25% based on the holding period of one’s positions. The longer the holding period, the lower the capital gains tax. Residents holding their positions for up to five years are taxed at the highest rate of 25%.
Personal income taxes start at 16% for profits of up to €8,754 and reach a whopping 50% for earnings exceeding €74,160 per year. Traders from the country are recommended to get in touch with a professional tax consultant to ensure compliance with local tax laws. Maintaining detailed and accurate records of all your trading activities is a must in this case. Brokers in the Central European country are subject to corporate and value-added taxes of 19% and 22%, respectively.
Leverage Caps at Slovenian and Offshore Forex Brokers
Caps on the maximum leverage Slovenian retail traders can use coincide with those enforced in other EU and EEA countries as they all follow MiFID II guidelines. The purpose of these restrictions is to mitigate the financial risks for retail customers as they sometimes lack sufficient understanding of how margin trading works. Using leverage is practically the same as borrowing extra capital from your broker to artificially boost the size of your CFD positions.
In line with EU and ATVP requirements, Slovenian retail traders can take advantage of variable leverage that cannot exceed 1:30 for major currency pairs. Leverage rates plummet to 1:2 for highly volatile cryptocurrency trades. Here is the full breakdown of the retail leverage rates for all asset classes tradable at Slovenian brokers.
| Retail Leverage Caps at Slovenian Brokers | |||
|---|---|---|---|
| Instrument | Example | Max. Leverage | Min. Margin |
| Major Pairs | EUR/USD, GBP/USD | 1:30 | 3.33% |
| Forex Crosses & Exotic Pairs | AUD/CAD, EUR/ZAR | 1:20 | 5.00% |
| Gold and Major Indices | XAU, FTSE 100 | 1:20 | 5.00% |
| Other Commodities and Non-Major Indices | XAG, IBEX 35 | 1:10 | 10.00% |
| Stocks | AAPL, META | 1:5 | 20.00% |
| Cryptocurrencies | BTC, ETH, LTC | 1:2 | 50.00% |
These leverage caps align with those enforced by ASIC in Australia. Brokers outside the European Union sometimes offer higher leverage but the rates vary vastly from one jurisdiction to another. Offshore broking firms regulated in the US, Canada, and Singapore must comply with a 1:50 retail leverage ceiling on forex majors. We recommend you stick to EU and ATVP-regulated companies to benefit from maximum protections and remain compliant with Slovenian legislation.
How to Qualify for a Professional Forex Account in Slovenia
Forex brokers in Slovenia offer higher leverage rates ranging from 1:100 to 1:500 to professional clients with enough experience and knowledge about derivative trading. Slovenians looking to change their account status from “retail” to “professional” must submit written requests to their brokers. They must pass fitness tests and prove their investment portfolios contain at least €500,000 in financial instruments and deposits.
Applicants must have carried out ten or more large-scale transactions (€50,000) per quarter over the last twelve months. Finally, Slovenia traders applying for account status upgrades must have worked in the finance industry for one or more years. They must have been employed in professional positions that require in-depth knowledge of dealing with derivative instruments. In layman’s terms, working as a janitor at your local bank will not do.
Forex Trading Platforms at Slovenian Forex Brokers
Slovenian residents must choose a suitable trading platform to capitalize on their forex trades. Several factors bear consideration before you settle for a given trading platform, including your investing goals, experience level, and the type of trading you plan to engage in (scalping, day trading, derivative or swing trading). You may want to create a demo account with your chosen forex broker to test its performance before you commit with real money.
This will give you a fairly accurate idea about vital aspects like order execution speed, market analysis tools, and overall usability. Rookie traders from Slovenia should perhaps opt for forex brokers working with MetaTrader 4 (MT4), a platform praised for its user-friendliness, swift trade execution, and market analysis capabilities.
MetaTrader 5 (MT5) is the more advanced reincarnation of MT4 and as such, boasts enhanced capabilities, larger order volume, and faster speed of order execution. It facilitates trading in forex, shares, futures, bonds, and cryptocurrencies, allowing for portfolio diversification and better risk hedging.
TradingView poses a viable alternative for less experienced traders who are just starting their forex trading journey. It impresses with an intuitive interface, a bundle of great charting features, and full support for algorithmic trading. It doubles as a social network allowing traders to learn and exchange ideas with fellow users. Some Slovenian-friendly brokers also work with Spotware’s cTrader platform, an ideal solution for traders from the country looking to engage in copy trading.To help Slovenian forex traders enjoy a seamless trading experience, we have provided several sources with links that can provide additional information on the forex regulatory framework in Slovenia:
- Slovenian Securities Market Agency (ATVP): This is the official regulatory body that is responsible for the regulation of the financial market in Slovenia, which also includes issuing licenses to entities that wish to offer forex trading to Slovenian investors.
- ATVP database is where traders can check the list of entities that have obtained permission to operate in Slovenia.
- It is also worth following ATVP’s Warnings section as it provides information on companies that have breached the regulator’s guidelines or have not been fully compliant with regulations imposed by other relevant organizations.
- Slovenian forex brokers are also required to offer fair and safe trading conditions, abiding by regulatory measures imposed by ESMA’s MiFID II directives.
- In addition to joining brokers licensed by the ATVP, Slovenian traders can also trust entities authorized by other major regulators across the EU and EEA. CySEC, BaFIN, and AMF are a few of the tier-1 regulators indicating a safe broker choice for Slovenian forex traders.
- While not a part of the EU or EEA, FCA and FINMA are also among the European regulators that offer safe and fair forex trading conditions to Slovenian traders who can often make use of negative balance protection, investor compensation, and other protective measures.