| Updated: September 3, 2024Over the last few years, Forex trading has risen in popularity as a profitable investment option around the globe, including in Croatia. Following an in-depth analysis, the financial market specialists at BestBrokers have compiled a list of several premier Forex brokers in Croatia. We tested the platforms by depositing real money and placing real traders. We checked the available deposit options, the supported cash-out methods, and the customer service quality, among other important aspects.
Fusion Markets74-89% of retail CFD accounts lose money
Global Prime74-89% of retail CFD accounts lose money
Capital.com75% of retail investor accounts lose money
Eightcap76.09% of retail investor accounts lose money
CMC Markets71% of retail investor accounts lose money
Libertex74.91% of retail investor accounts lose money
IG70% of retail client accounts lose money
Swissquote61% of retail investor accounts lose money
Tickmill70% of retail investor accounts lose money
Iron FX67.62% of retail investor accounts lose moneyCroatian Forex Brokers Ranked by Trustpilot Score
| Forex Broker | Trustpilot Reviews | |
|---|---|---|
| 1. Fusion Markets | 1,662 | 4.9 ⭐ |
| 2. Global Prime | 142 | 4.4 ⭐ |
| 3. Capital.com | 10,796 | 4.3 ⭐ |
| 4. Eightcap | 2,460 | 4.2 ⭐ |
| 5. CMC Markets | 1993 | 4.1 ⭐ |
| 6. Libertex | 9,406 | 4.0 ⭐ |
| 7. IG | 6,964 | 3.6 ⭐ |
| 8. Swissquote | 2445 | 3.5 ⭐ |
| 9. Tickmill | 541 | 3.0 ⭐ |
| 10. Iron FX | 0 | N/A ⭐ |
Croatian Forex Brokers Ranked by Spread Commission
| Forex Broker | EURUSD | USDJPY | EURGBP | GBPUSD |
|---|---|---|---|---|
| 1. Tickmill | 0.1 | 0.1 | 0.4 | 0.3 |
| 2. Libertex | 0.1 | 0.3 | 0.3 | 0.4 |
| 3. Fusion Markets | 0.07 | 0.13 | 0.23 | 1.01 |
| 4. Global Prime | 0.13 | 0.28 | 0.28 | 1.11 |
| 5. CMC Markets | 0.5 | 0.7 | 1.1 | 0.9 |
| 6. IG | 0.85 | 0.9 | 0.9 | 1.40 |
| 7. Capital.com | 0.6 | 10 | 2 | 1.3 |
| 8. Iron FX | 0.7 | 0.4 | 0.9 | 0.8 |
| 9. Eightcap | 1.00 (min) | 1.1 | 1 | 1 |
| 10. Swissquote | 1.0 | 0.6 | 1.2 | 1.0 |
Croatian Forex Brokers Ranked by Commission per Lot
| Forex Broker | Commission per lot |
|---|---|
| 1. IG | $0 |
| 2. Eightcap | $0 on Standard and TradingView Accounts; $7 round turn on Raw Accounts |
| 3. Iron FX | $0 |
| 4. Capital.com | $0 |
| 5. Libertex | $0 |
| 6. Fusion Markets | $0 Classic Account, $4.50 round turn on Zero Account |
| 7. CMC Markets | $2.50 per lot (per side) |
| 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. Swissquote |
|
Important Note: Forex trading is legal in Croatia. The Croatian Financial Services Supervisory Agency (HANFA) is the authority in charge of regulating the sector. With that in mind, we have singled out a list of the best forex brokers catering to traders from the country. The institution intervenes in the market to ensure its stability is properly maintained. Croatian traders may find further information on the official website, https://www.hanfa.hr/ or LinkedIn at https://www.linkedin.com/company/hanfa/.
This publication aims to provide a comprehensive overview of the legality of forex trading, specifically adapted to meet the needs of Croatian traders. If you are intrigued by the potential of forex trading in Croatia, stay with us to learn more.
Top 10 FX Brokers in Croatia
Fusion Markets Broker Details Supports Croatian No Croatian 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 1,662 reviews Number of Forex Pairs to Trade 90+ Leverage Forex & Metals: 1:30
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 Withdrawal Methods Visa, Mastercard, Bank Wire, Skrill, Neteller,Bitcoin, Ethereum, Litecoin, Tether, Ripple 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
Global Prime Broker Details Supports Croatian No Croatian 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 142 reviews Number of Forex Pairs to Trade 56 Leverage Forex & Metals: 1:500
Index CFDs: 1:100
Cryptocurrencies: Up to 1:2 (Retail); 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
Tickmill Broker Details Supports Croatian No Croatian 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 3.0 out of 541 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
IG Broker Details Supports Croatian No Croatian Currency (EUR) Yes Regulators ASIC, FCA, DFSA, CFTC, FMA, FINMA, BaFin, MAS, JFSA, FSCA, BMA (Bermuda) Min Deposit $50 Trading Platforms MT4, L2 Dealer, ProRealTime, IG proprietary software Trustpilot Rating 3.6 out of 6,964 reviews Number of Forex Pairs to Trade 80+ Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 0.85
USDJPY: 0.9
EURGBP: 0.9
GBPUSD: 1.40Forex Commission per Lot per Trade $0 Deposit Methods Visa, Mastercard, Bank Transfer, Wire Transfer, Visa Electron, Discover, PayPal Withdrawal Methods Visa, Visa Electron, Mastercard, Discover, Bank Transfer Key Pros
- Towering selection of over 17,000 tradable markets
- Listed on the FTSE 250 index
- Competitive pricing and low forex spreads
- No fees on deposits or withdrawals
- Demo accounts for risk-free forex trading practice
Key Cons
- Payment options are a bit limited
- Customer support is slow to respond during busy hours
Eightcap Broker Details Supports Croatian No Croatian Currency (EUR) Yes Regulators SCB (No. SIA-F220), ASIC (No.391441), CySEC (No. 246/14), FCA (No. 921296) Min Deposit $100 Trading Platforms MT4, MT5, WebTrader, TradingView Trustpilot Rating 4.2 out of 2,460 reviews Number of Forex Pairs to Trade 50+ Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 1.00 (min)
USDJPY: 1.1
EURGBP: 1
GBPUSD: 1Forex Commission per Lot per Trade $0 on Standard and TradingView Accounts; $7 round turn on Raw Accounts Deposit Methods Visa, PayPal, Mastercard, Wire Transfer, Neteller, Skrill, Tether, Bitcoin, BPAY, Dragonpay, Fasapay, Interac, Pix Withdrawal Methods Mastercard, Visa, PayPal, Skrill, Neteller, Bitcoin, Tether, Wire Transfers, BPAY, Fasapay, Pix, Interac Key Pros
- Commission-free FX trading via standard accounts
- Spreads from 0 pips on major currency pairs
- Accepts cryptocurrency deposits
- Fantastic variety of deposit and withdrawal methods
- Insights section with webinars, trade ideas, and weekly forecasts
Key Cons
- Below-average range of tradable instruments
- Crypto withdrawals incur transaction fees
CMC Markets Broker Details Supports Croatian No Croatian Currency (EUR) Yes Regulators ASIC, MAS, FCA, BaFin, IIROC Min Deposit $0 Trading Platforms CMC Markets’ Next Generation, MetaTrader 4 Trustpilot Rating 4.1 out of 1993 reviews Number of Forex Pairs to Trade 330+ Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 0.5
USDJPY: 0.7
EURGBP: 1.1
GBPUSD: 0.9Forex Commission per Lot per Trade $2.50 per lot (per side) Deposit Methods Visa, Mastercard, Maestro, Online Banking, Bank Transfer Withdrawal Methods Visa, Mastercard, PayPal, Bank Transfer Key Pros
- Publicly traded reputable brand
- One of the first online forex brokers
- Covers an extensive selection of currency pairs
- Offers proprietary trading platform
- Enables smooth mobile trading
Key Cons
- Automated trading available only on MetaTrader4
- Fees on stock CFDs can be high
- Supports a limited number of payment methods
Swissquote Broker Details Supports Croatian No Croatian Currency (EUR) Yes Regulators FCA, MFSA, FINMA, DFSA, MAS, CySEC Min Deposit $1,000 Trading Platforms CFXD, MetaTrader 4, MetaTrader5 Trustpilot Rating 3.5 out of 2445 reviews Number of Forex Pairs to Trade 80+ Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 1.0
USDJPY: 0.6
EURGBP: 1.2
GBPUSD: 1.0Forex Commission per Lot per Trade - $/€0 on Premium and Prime Accounts;
- $/€2.5 per side per lot for Elite Accounts
Deposit Methods Visa, Mastercard, Bank Transfer, Online Banking Withdrawal Methods Visa, Mastercard, Bank Transfer, Online Banking Key Pros
- Publicly traded reputable brand
- Broker with extensive experience in trading
- Offers competitively low spreads
- Supports various trading platforms
- Forex traders can choose from over 80 currency pairs
Key Cons
- Traders must pay an inactivity fee
- Desktop trading platform looks a bit outdated
- Trading fees tend to be higher
Iron FX Broker Details Supports Croatian No Croatian Currency (EUR) Yes Regulators FCA (licensing no. 585561), FSCA (licensing no. 45276) Min Deposit $100 Trading Platforms MetaTrader 4, WebTrader, VPS, PMAM, TradeCopier, Mobile App Trustpilot Rating N/A out of N/A reviews Number of Forex Pairs to Trade 80+ Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 0.7
USDJPY: 0.4
EURGBP: 0.9
GBPUSD: 0.8Forex Commission per Lot per Trade $0 Deposit Methods Visa, MAstercard, Bank Wire, Skrill, Neteller, China Union Pay, Fasapay, Perfect Money, Bitwallet, Paysafecard Withdrawal Methods Bank Wire Key Pros
- Offers a wide selection of trading instruments
- Supports several popular trading platforms
- Enables easy trading on the go via dedicated app
- Supports various deposit methods
- Traders can choose from 7 different account types
Key Cons
- Bahamas entity operates with no license
- Trustpilot score not available due to many fake review detected
- Withdrawals are possible only via bank wire
Capital.com Broker Details Supports Croatian No Croatian Currency (EUR) Yes Regulators ASIC, FCA, CySEC, SCB, MiFID Min Deposit $20 Trading Platforms MetaTrader 4, TradingView Trustpilot Rating 4.3 out of 10,796 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
Libertex Broker Details Supports Croatian No Croatian Currency (EUR) Yes Regulators CySEC (CIF Licence number 164/12), BaFin (BaFin ID: 10161686 / Bak No.: 161686) Min Deposit $10 Trading Platforms Libretex Trading Platform, MT4, MT5 Trustpilot Rating 4.0 out of 9,406 reviews Number of Forex Pairs to Trade 50+ Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 0.1
USDJPY: 0.3
EURGBP: 0.3
GBPUSD: 0.4Forex Commission per Lot per Trade $0 Deposit Methods PayPal, Visa, Mastercard, Sofort, iDeal, Trustly, Skrill, Giropay, Sepa International Bank Wire, Multibanco, P24, BLIK, eService, Neteller Withdrawal Methods SEPA International Bank Wire, PayPal, Visa Mastercard, Skrill, Neteller Key Pros
- Great variety in terms of markets
- Users have a range of deposit and cashout solutions to pick from
- Available in English, Spanish, French, Portuguese, and other languages
- Negative balance protection
- Traders can contact the customer support staff via live chat
Key Cons
- No longer available for UK traders
- Does not accept traders from the US
- Somewhat lacking in terms of educational resources
Is Forex Trading Legal in Croatia?
As a member of the European Union (EU), Croatia aligns its regulations concerning financial markets with EU directives and guidelines. This means that many of the country’s regulations associated with Forex trading are coordinated with those of other EU countries.
Forex trading is legal in Croatia, with the Croatian Financial Services Supervisory Agency being the controlling body of the industry in the country. As a legal activity, profits from forex trading are subject to taxes.
Croatian traders can engage in Forex trading as long as they use licensed brokers and adhere to relevant regulations. Make sure to choose a properly regulated Forex broker in Croatia from our list of businesses complying with top-tier international regulatory institutions. Reviewing the platforms carefully will help you choose the one that fits your trading needs the best.
The Forex trading platforms presented to the attention of Croatian traders have been carefully selected to meet various criteria such as currency pairs and liquidity, account deposit minimums, account types, mobile compatibility, available trading platforms, spreads and commissions, customer support, and educational resources.
Selecting a regulated Forex trading broker in Croatia can sometimes take months of research and analysis, so to save precious time, we recommend traders pick one of the brokers from our list and trade in a safe and transparent online environment.
Besides trading with a properly regulated broker, traders should be aware of the inherent risks and apply a sound risk management strategy. They should also stay tuned to the latest regulations applicable to the financial industry and the requirements for Forex trading in Croatia.
The Croatian Financial Services Supervisory Agency Regulation Info
The Croatian Financial Services Supervisory Agency (HANFA), is responsible for regulating the financial industry in Croatia, including Forex trading. The agency ensures that licensed trading brokers maintain the integrity of the market and adhere to relevant laws and regulations. The regulatory body conducts regular audits and takes necessary action in case of violations.
Founded in 2005, the agency integrated three existing monitoring institutions: the Securities Commission, the Agency for Supervision of Pension Funds and Insurance, and the Insurance Companies Supervisory Authority.
Besides the capital market, HANFA is charged with monitoring multiple other activities such as the insurance market, investment firms, investment funds, the pensions system, the leasing market, and virtual currencies, among others.
How Can I Verify HANFA Authorization?
The Croatian Financial Services Supervisory Agency has several online registers providing further information on the businesses it monitors, available at https://www.hanfa.hr/registers/?Investment%20firms. These are organized into five main sections for investment firms, investment funds, pension systems, insurance market, leasing, and factoring.
Under the section designated for Consumers, HANFA lists warnings of various nature, including such sent from ESMA, the European Securities and Markets Authority.
Furthermore, regulated brokers provide their licensing information either on their homepage or have a section dedicated to “Licensing and Regulation“.
Are My Funds Safe with Forex Brokers in Croatia?
Croatia has implemented several investor protection mechanisms to safeguard traders and ensure a transparent trading environment. In case of brokers’ bankruptcy, customers’ funds are protected via the Investor Compensation Scheme (ICS).
Furthermore, in the event of disputes between traders and brokers, the Financial Ombudsman Office takes the necessary action to resolve them. The latter is an independent body that is capable of resolving various issues, so Croatian traders can contact it in case they encounter any issues.
By picking a regulated broker, you can rest assured that your funds are safe and you have a reliable customer service team to contact in case of any issues. To preserve the integrity of the financial markets, Forex brokers must comply with AML (anti-money laundering) regulations, thwarting illegal activities such as money laundering and terrorist financing.
Traders, on the other hand, are required to verify their identity, residential address, and the source of their funds. While some may find this annoying, the practice ensures the security of both traders and the financial system.
Do Croatian Brokers Provide Negative Balance Protection?
Navigating the forex market safely is key to becoming a successful trader and being aware of the available investor protection mechanisms is of essential importance. Forex and CFD brokers offering services to customers in a country member of the European Union, such as Croatia, are required to offer negative balance protection.
This feature, as most traders probably know, ensures their account balance never goes below zero. The protection mechanism safeguards them from incurring debt greater than their initial deposit.
Negative balance protection serves as an extra layer of protection that safeguards traders from extreme volatility of financial instruments and unexpected price movements.
Do You Pay Tax on Forex Trading in Croatia?
Forex trading is a legal activity in Croatia and as such it is subject to taxes. The profits realized from forex trading must be reported as capital gains. Being aware of the tax benefits applicable to Forex traders in Croatia is crucial for one’s overall trading experience. For instance, holding one’s position for more than two years may qualify for a reduced tax rate. This can be very beneficial for long-term traders looking to extract as much value from trading as possible. Contacting a tax advisor or seeking further guidance from HANFA is recommended for traders who are not sure how to file their returns.
How Does the Available Leverage of HANFA-Regulated Brokers Compare to the Leverage at Brokers Regulated Offshore?
Leverage enables traders to control a larger market position with a smaller amount of capital by borrowing funds from trading brokers. A word of caution though: be careful with leverage, because while it can magnify your profits, it can also amplify your losses. Therefore, it is essential to use leverage wisely.
The maximum allowable leverage varies based on jurisdiction and the volatility of the underlying financial asset. Generally, the leverage for retail customers in Croatia varies between 1:30 and 1:2 for retail customers and reaches 1:500 for professional traders.
As far as Forex trading is concerned, the maximum leverage ratio at regulated Forex brokers catering to Croatian traders is 1:30 for major currency pairs and 1:20 for minor currency pairs.
What Do You Need to be Designated as a Professional Trader in Croatia?
Forex traders willing to upgrade their trading experience with brokers operating in the Croatian financial market must meet several criteria to qualify as professional clients. The requirements typically concern their trading activity, former experience in the financial industry, and trading portfolio.
Professional account holders preserve the feature protecting their funds at segregated customer accounts. Some brokers enable traders to revert to their retail accounts if they wish to.
Before applying for a professional trading account, traders must consider several features, which, most probably, they will have to waive. These typically include exclusion from the Investor Compensation Fund, greater leverage flexibility, which exposes them to greater risk, and reduced risk warnings, among others.
What Trading Platforms Are Available to Croatian Traders?
There is a variety of trading platforms for Croatian traders, with some of the most popular being Metatrader4, Metatrader5, and cTrader.
MetaTrader4, or MT4 is the most popular trading platform in the world, with several advantages over its competitors. The MT4 platform can be utilized to trade on multiple accounts simultaneously and is free with the best forex trading brokers in Croatia. The MT4 platform can also be used on a demo account, which is especially suitable for novice traders, to perfect their strategy without risking real funds. The platform is equipped with multiple trading instruments, flexible charting tools, and educational resources. Yet another advantage of MT4 is the online community where traders can share experiences and exchange knowledge of the markets.
Although not quite as popular as MT4, MT5 is still a powerful contender in the industry and sets itself apart from its competitors thanks to its advanced features. It is equipped with a plethora of analysis tools, such as real-time data and studies. Traders can also analyze previous trends to make informed trading decisions in the future. The user interface is responsive and intuitive, with the option to customize it to suit your individual needs.
CTrader is also among the top-ranked trading platforms, which stands out from its competitors thanks to its supreme copy trading feature enabling traders to replicate the trading strategies of experienced traders from around the globe. Rich charting tools, advanced order types, and fast entry and execution are among the other features of the platform that make it a perfect choice for novice and experienced traders alike.With forex trading being a legal and regulated activity in Croatia, local traders may follow the links below to find further information on the institution in charge of the sector.
- The Croatian Financial Services Supervisory Agency (HANFA): HANFA controls the financial services industry in Croatia, including forex trading. Besides authorizing brokers, the agency conducts audits regularly to ensure compliance with regulations and take action in case of irregularities.
- Official LinkedIn Page of HANFA: The official LinkedIn page of the regulator where traders can find further information about the organization and posts about upcoming events.
- HANFA Registers: The financial services regulator maintains several online registers of the activities it supervises, including investment firms.
- HANFA warnings list: HANFA publishes warnings against illegal activities of companies in Croatia, as well as such issued from other institutions, designed to protect traders.