Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

Compare Brokers in Italy

For our italy comparison, we found 24 brokers that are suitable and accept traders from United States of America.

We found 24 broker accounts (out of 147) that are suitable for Italy.

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Forex.com

Spreads From

EURUSD 1.0 points See all spreads

What can you trade?

  • Forex
  • Cryptocurrencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About Forex.com

  • Regulated by: Financial Conduct Authority.
  • Established in 1999 HQ in United States.

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

Open a demo account

See Deal

70% of retail investor accounts lose money when trading CFDs with this provider

Read our in-depth Forex.com review

IG

Spreads From

EURUSD 0.6 points See all spreads

What can you trade?

  • Forex
  • Cryptocurrencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About IG

  • Regulated by: Financial Conduct Authority and ASIC.
  • Used by 195,000+ traders.
  • Established in 1974 HQ in UK.

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

Open a demo account

See Deal

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Read our in-depth IG review

Account type
EUR/USD Spread From
Commission
Execution
Min. Deposit
CFD
0.6
Fixed Spreads
Yes on share CFDs
STP
$250
Spread Betting
0.6
Fixed Spreads
None
STP
$250
Share Dealing
None
Fixed Spreads
£5
DMA
$250

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The Ultimate Guide to

Best Online Brokers for Italy

Italy’s financial services sector is steeped in history and tradition, dating all the way back to ancient Rome. Today, despite its rather small geographic size, Italy has a population of 59.2 million, and what has become a vibrant economy that ranks fourth in the European Union and eighth in the world.

The primary stock market in Italy is the Borsa Italiana based in Milan. Originating in 1808 as the Milan Stock Exchange, the Borsa Italiana was founded in 1997 on the privatization of the Milan Stock Exchange. Since a merger in 2007, the Borsa Italiana is also a member of the London Stock Exchange Group.

In addition to providing a listing service for stocks and their derivatives, the Borsa Italiana also lists fixed income products, exchange traded funds, commodities and notes (ETFs, ETCs and ETNs), funds, warrants, and stock index futures and options.

The primary broad stock index for Borsa Italian is the FTSE Italia All-Share index that is made up of all shares traded on that exchange, whilst the FTSE MIB acts as the market’s main benchmark Index covering the 40 leading Italian companies with highly liquid stocks. On the other hand, the FTSE Italia Mid Cap index is aimed at mid-cap stocks and the FTSE Italia Small Cap index is the exchange’s small cap stock index.

As part of the European Union, Italy has adopted the euro (EUR) as its currency, which is issued and managed in the EU by the European Central Bank. Each euro consists of 100 smaller units called cents. Moreover, the Bank for International Settlements (BIS) ranks the euro as the second most frequently traded currency in 2016, accounting for 31.4% of the overall forex market turnover.  The euro was also ranked the second most popular reserve currency among central banks, composing 19% of such reserves in the third quarter of 2018 as per the International Monetary Fund (IMF).

Moreover, the primary Italian financial sector regulator is known as the Italian Companies and Exchange Commission, or Commissione Nazionale per le Società e la Borsa (CONSOB). This regulator was founded in 1974 to monitor the securities market in Italy. Today CONSOB has broader powers including auditing brokers as well as reviewing allegations of insider trading cases. CONSOB also looks to develop and promote confidence in Italian markets by promoting transparency and enforcing regulations. Forex brokers and other financial institutions must be authorised by CONSOB before operating in Italy.


How to Trade in Italy

While a few reputable online forex brokers have offices in Italy, most prefer to be situated elsewhere in the EU in less restrictive jurisdictions such as Cyprus, due to CONSOB’s very strict reputation as a regulator. Fortunately, Italian traders can deposit money to trade on margin with almost any foreign online broker that will onboard them as a client.

Overall the numerous online brokers that allow forex and contract for difference (CFD) trading will accept clients from Italy. Moreover, having an EU-based broker could be preferable since traders would be able to litigate within the EU should an issue develop. Furthermore, EU brokers have an additional onus to uphold their reputation with their national regulators, as well as the need to abide by the EU’s markets in financial instruments directive (MiFID). Such requirements under MiFID include that client funds be segregated from broker funds, with the aim to protect the client’s margin deposit should the broker face financial difficulties. 

When selecting a broker there are a couple of aspects to bear in mind, such as access to demo accounts and the type of deposit required.  For example, virtually all online brokers provide demo accounts with virtual funds that traders can use to practice and test strategies and the broker’s system with. Brokers could also offer funded accounts that require a minimum initial deposit to use as margins when trading live.

There are also variables to consider in both asset class and stock trading. For example, in regards to asset classes that can be traded online, options differ considerably among brokers. Most of the online brokers allow forex trading of some type, and CFD trading is also fairly common as it tends to be beneficial for brokers due to the wider set of tradable assets usually offered.

With respect to stock trading, Borsa Italiana aims to provide fair and transparent trading in Italian stocks, as well as a range of additional asset classes. Trades on the exchange are in euros and are executed in real time using a fully electronic dealing system. Borsa Italiana also offers an afterhours trading facility called Trading After Hours (TAH).

Biggest Opportunities of Trading in Italy

According to information compiled by the US Department of Commerce, 99% of Italian businesses are small and medium sized firms (SMEs), which together produce 68% of the nation’s GDP.

Italy also provides a number of additional opportunities for businesses such as:

  • The country imports a wide variety of goods which may be of interest for either investing purposes or for exporting. These goods include advanced manufacturing, aviation and airport support equipment; automotive parts; biotechnology; medical devices; smart grid technologies and cybersecurity products.
  • Other key products imported into Italy include pharmaceuticals, machine tools, food and wine, travel and tourism services, automobiles, auto parts and electrical appliances.
  • Italy is also a net importer of raw materials and ingredients since the country’s strength lies in the processing and manufacturing of the final product in SMEs and family owned companies.

With respect to trading across borders, Italy achieved the top ranking among countries surveyed by the World Bank. Italy also ranked favourably in resolving insolvencies and registering property, with ranks of 22nd and 23rd respectively.

   

Biggest Challenges of Trading in Italy

EU countries, such as Germany, France, the UK and Spain, were Italy’s top and closest trading partners in  2017 according to the World Bank Group.  This may mean that Italy’s trade with the UK may experience challenges in any post-Brexit situation.

For example, if a no-deal Brexit occurs on October 31st, 2019, the UK will have no trade agreement with either the EU or any individual member countries, including Italy; although the EU’s Most Favoured Nation terms would apply to UK exports to Italy since they arise from mutual membership in the World Trade Organization (WTO).

According to the World Bank, Italy had a relatively low 31.2% ratio of its trade to GDP numbers in 2017, which could potentially  mitigate its economy’s exposure to trade disruptions.

The World Bank also ranked Italy 51st in overall ease of doing business, while the country had considerably lower ranks with respect to paying taxes, obtaining credit, enforcing contracts and dealing with construction permits, with the county coming in at 118th, 112th, 111th and 104th respectively.

Summary

Traders and businesses should generally find Italy a relatively safe place to operate since it remains regulated under CONSAB. Moreover, as part of the EU, not only does the country enjoy the currency stability from being a member of the Eurozone, but Italian financial institutions must comply with the EU’s MiFID regulations.

When looking for an online broker to trade through from Italy, traders will want to check that they offer the right asset classes, have a good reputation with their clients and separate their money from their clients’. In addition, brokers should have a full featured trading platform and be subject to competent regulations in order to offer a safe place for the client’s margin deposit.

Why Choose Forex.com
For Italy?

Forex.com scored best in our review of the top brokers for italy, which takes into account 120+ factors across eight categories. Here are some areas where Forex.com scored highly in:

  • 19+ years in business
  • Offers 300+ instruments
  • A range of platform inc. MT4, Web Trader, NinjaTrader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 1.00pips
  • Used by 0+ traders.
  • Offers demo account
  • 1 languages

Forex.com offers one way to tradeForex. If you wanted to trade EURUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

Forex.com have a AAA trust score. This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 19

Trust Score comparison

Forex.com IG
Trust Score AAA AAA
Established in 1999 1974
Regulated by Financial Conduct Authority Financial Conduct Authority and ASIC
Uses tier 1 banks
Company Type Private
Segregates client funds

A Comparison of Forex.com vs. IG


Want to see how Forex.com stacks up against IG? We’ve compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Forex.com IG
Fixed Spreads
Variable Spreads
EUR/USD Spread 1.00 0.60
GBP/USD Spread 0.9 0.9
USD/CAD Spread 0.9 1.7
USD/JPY Spread 0.90 0.70
DAX Spread 250.0 1.0
FTSE 100 Spread 150.0 1.0
S&P500 Spread 50.0 0.4

Comparison of account & trading features

Forex.com IG
Platform MT4, Web Trader, NinjaTrader, Tablet & Mobile apps MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps
Services Forex Forex, CFDs, Spread Betting, Share dealing
Base currency options USD, GBP, EUR USD, GBP, EUR, CHF, JPY, SGD, AUD
Funding options Bank transfer, Cheque, DebitCard, Payoneer, Credit cards, Bank transfer, PayPal, MasterCard, BPAY, DebitCard,
Micro account
ECN account