How much money do you need to start forex trading?

Is forex trading profitable in 2026?

Forex trading is profitable for a minority of retail traders. Regulatory data from ESMA and national authorities consistently shows that 74-89% of retail CFD and forex accounts lose money. The most successful traders treat it as a multi-year skill development process with strict risk management rather than a quick income source.

What is the cheapest forex broker in Europe?

The cheapest forex broker in Europe for EUR/USD is Pepperstone via its Razor account (0.0 pip raw spread + $7 round-turn), matched by Tickmill Pro at $6 round-turn. Both onboard EU clients under EU regulation with ICF or EdW compensation. Exness quotes comparable raw pricing globally but closed EU/EEA retail onboarding in 2019, so it is not an option for EU residents.

What is the best forex broker in Europe in 2026?

Our editorial team's top pick for EU traders in 2026 is Pepperstone (9.4/10), followed by IG (9.2/10) and XM (8.7/10). Pepperstone wins on its multi-regulator coverage (CySEC 388/20 for EU/EEA clients, plus FCA, BaFin and ASIC across the group), a zero minimum deposit and raw 0.0-pip spreads. IG offers the broadest market coverage with 17,000+ instruments. XM adds CySEC cover and strong education. Exness, though highly rated globally, closed EU/EEA retail onboarding in 2019 and does not accept EU residents, so it is excluded from EU shortlists.

Article: 5 Common Mistakes New EU Forex Traders Make in 2026

Starting your forex journey in the EU? Avoid these costly beginner errors that drain accounts and confidence. From ignoring ESMA leverage rules to chasing broker bonuses, we cover the traps that catch most newcomers.