If you are looking for a forex broker that accepts traders from Italy, look no further than the list provided below. We have reviewed a multitude of broker offerings, and the ones below are the best of the group.
Italian traders are presently 150,000 strong, but roughly half of those are in the UK, where London is the centre of the foreign exchange market. The best brokers that accept Italian customers are now primarily located in the UK, Malta or Cyprus, and operate under the auspices of the Markets in Financial Instruments Directive (MiFID).
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.
When choosing an Italy forex broker, the local firms are not that plentiful. The binary options scandal a few years back took advantage of a multitude of Italian citizens, and due to the impact of this fraudulent activity, the local regulator, CONSOB (Commissione Nazionale per le Società e la Borsa), came down hard on the brokerage community, forcing many firms to relocate elsewhere.
Our list of the best brokers includes many of the finest firms from the European region. Choose one that offers the assets you wish to trade in the way that you wish to trade them, based on the following criteria:
Is forex trading legal in Italy?
Forex trading is legal in Italy. The local regulator, Commissione Nazionale per le Società e la Borsa, requires that acceptable forex brokers must be licensed by it or by another authorizing body within the European Economic Area (EEA). Italian traders should also be aware that all forex brokers who accept Italian traders are not necessarily licensed or regulated.
Do forex traders pay tax in Italy?
Tax rates are steep in Italy – there is not only a federal income tax, but also a regional, communal and social security tax. In some cases, a wealth tax may also apply. There may also be limits and brackets to consider, but forex income is taxed as if it were ordinary income. Check with a professional tax advisor to determine how these various Italian taxes apply to your personal situation.
