Are you interested in trading forex in Austria, also known as Österreich? One very important step will be to choose your online retail forex broker. To begin your journey, you will need a trustworthy broker with a free demo system to help you practice. We have prepared a list below of the very best ones to help you with your selection process and have also relayed a few essential tips to guide your effort.
Trading foreign currency pairs has gained great popularity across the globe over the past two decades. The number of active online forex traders in Austria is nearly 20,000 at the last count, compared to 1.5 million in all of Europe and 10 million worldwide. In recent years, there has been increased interest due to the COVID-19 pandemic, with more and more individuals working from home. Let us help you get started.
Risk Warning: Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Losses can exceed the initial investment. Please ensure you fully understand the risks and take appropriate care to manage your risk.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
78.8% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Investing involves risks. You can lose (a part of) your deposit. We advise you to only invest in financial products which match your knowledge and experience.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Trading CFDs involves substantial risk of loss and may not be suitable for all investors. Trading such high-risk financial contracts may result in the loss of all the client's invested capital. 77.7% of retail investors lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. UK: 68.61%, EU: 77.99% of retail investor accounts lose money when spread betting or trading CFDs with OvalX. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money.
RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading derivatives with this provider. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high degree of risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can result in losses larger than your initial stake or deposit.
XM Broker Review
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
There will be several forex brokers with tempting offers on the internet, but many of these will be unregulated and located in far-off locales. The latter are to be avoided due to the prevalence of fraud in these jurisdictions. The brokers in the above list are safe and regulated, but you will want to choose one that supports the assets you wish to trade and has an excellent performance track record. Here are a few primary considerations:
Is forex trading legal in Austria?
Yes, the trading of foreign currency pairs is a legal activity within Austria. The Financial Market Authority (FMA) has regulatory oversight responsibilities for the forex trading market in the country, but this agency also complies with regulations from the European Securities and Markets Authority (ESMA). The FMA recommends that you trade with regulated brokers that accept Austrian traders, but not necessarily with one licensed by this regulator.
Do forex traders pay tax in Austria?
According to PricewaterhouseCoopers, investment earnings on foreign held deposits are reportable income on your Austrian tax return and subject to a 27.5% tax rate. It is always wise, however, to check with your personal tax advisor to determine if any special extenuating circumstances apply in your specific case.
