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

Compare Brokers in Portugal

For our portugal 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 Portugal.

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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 Portugal

Portugal’s financial services sector has an extensive history dating back to its empire in the 1500s. Despite Portugal’s small size, the country’s relatively high population of 10.3 million and its strategic location within the European Union (EU) offers numerous opportunities for foreign investors.

The primary stock exchange in Portugal is Euronext Lisbon. It was formed in 2002 when shares of the Bolsa de Valores de Lisboa e Porto (BVLP) were purchased by the Amsterdam based Euronext N.V. to create one of the biggest European financial exchanges. In addition to listing Portuguese equities and equity derivatives such as warrants, Euronext Lisbon also lists private, public and participation bonds.  Additionally, the Portuguese exchange lists investment unit trusts and exchange-traded funds (ETFs).

The main stock index for Euronext Lisbon is the PSI All-Share Index which includes all shares listed on the official market. Moreover, the narrower blue-chip PSI-20 Index tracks prices of twenty stocks with the highest market cap and turnover in the PSI Geral, the Lisbon exchange’s general stock market.

A part of the European Union, Portugal’s currency is the euro (EUR), managed by the European Central Bank (ECB). According to data compiled by the Bank for International Settlements (BIS), an international organization that aims to promote financial cooperation by fostering collaboration between central banks, in 2016 the euro was ranked as the 2nd most actively traded currency that year. It was also involved in roughly 31.4% of overall forex turnover in 2016.  The International Monetary Fund (IMF) also ranked the euro second among the most popular currencies held by central banks as reserves in third quarter of 2018, composing around 19% of their total reserves.

The primary Portuguese financial sector regulator is the Portuguese Securities Market Commission or Comissão do Mercado de Valores Mobiliários (CMVM) that oversees participants in both the stock and forex markets. This strict regulator aims to supervise and regulate transactions in securities and other financial instruments and the activities of any operating in those markets. The CMVM also handles complaints and ensures compliance with the EU’s Markets in Financial Instruments Directive (MiFID) regulations.  Any non-EU financial institution or online broker must be authorised by the CMVM before operating in Portugal, while EU brokers can cater to Portuguese residents through the provisions of the European Economic Area (EEA) initiative.


How to Trade in Portugal

Portuguese traders are able to access numerous reputable online forex brokers located in the EU. Alternatively, traders living in Portugal may also deposit funds as a margin to trade online with any non-EU broker. Most online brokers offering forex or derivative trading brokers who trade in contracts for a difference (CFDs) will accept Portuguese clients. That being said, using a broker registered in Portugal and subsequently in EU, would typically be preferable as they will be regulated both by the CMVM and other European regulatory agencies.

If it is necessary to have a broker’s customer support services and website available in Portuguese, then it is advisable to verify that the broker can cater for this language need prior to opening an account with them. Nevertheless, if a non-EU broker seems to offer better products or services it is important to always verify if the broker is strictly regulated in the jurisdiction under which it operates.

Moreover, when looking at online brokers, it may be worth considering a broker’s free demo account. Many online brokers now offer these demo accounts equipped with virtual money traders to allow for the testing of the brokers services, strategies and even to practice trading.

In relation to trading stocks, Euronext Lisbon provides a fair and transparent market in several asset classes, as well as in Portuguese equities and derivatives. Trades on all Euronext exchanges will generally be executed in Euros. Each of the Euronext stock and derivatives exchanges employs the UTP trading software, but by November 2019 this is being replaced with the Optiq multi-market trading platform. Another interesting feature, is that Euronext has a Single Order Book that allows for traders to trade, clear and settle from over all Euronext markets uniformly.

Biggest Opportunities of Trading in Portugal

As a member of the EU, Portugal’s ports and borders allow the free flow of trade with other EU members, and it uses the common euro currency for all its transactions as a member of the Eurozone.

Portugal’s political stability and democratically elected parliamentary government also welcomes foreign investment and business.

According to export.gov, the country offers additional opportunities for businesses as follows:

  • Although Portugal’s population is just over 10 million, the number of people who speak Portuguese in the world numbers more than 230 million, which could open additional markets outside of the EU.
  • The Portuguese Business Promotion Agency (AICEP) markets Portugal as a “gateway” country due to its language ties to its former colonies, such as Mozambique, Angola, Macau, Lusophone and most notably Brazil.
  • Portugal serves as an excellent point of entry to the European market. It has a stable government, a low crime rate and incentives to foreign businesses that make Portugal an excellent choice to begin doing business in Europe.
  • The country has well developed information technology (IT) and physical infrastructures that reduce the cost of doing business in Portugal, which is already among the lowest in Europe.

With respect to trading across borders, Portugal reached the top ranking among the countries surveyed by the World Bank. Portugal also ranked 16th when it comes to resolving insolvencies and 34th for ease of doing business overall.

Biggest Challenges of Trading in Portugal

According to the World Bank Group, the nations that represent Portugal’s closest trading partners include Germany, Spain, France, the UK, Italy, the Netherlands and the United States. Moreover, the geo-political actions from major worldwide players such as the United States, China and the UK could both directly and indirectly impact the EU’s financial markets. According to the World Bank, Portugal’s ratio of trade to GDP numbers in 2017 was 42.7%, which could be viewed as  some resilience to trade disruptions.

Moreover, the World Bank ranked Portugal at 112th in obtaining credit, although the country scored higher in 64th place for protecting minority investors rights, 60th for dealing with construction permits and 57th for starting a business.

Summary

Overall, traders and businesses will find Portugal a relatively secure place to operate. This is particularly due to Portugal’s participation in the EU’s common market and use of the stable Euro, in addition to their positive ranking by the World Bank for trading across borders. Furthermore, Portuguese financial institutions are strictly overseen by the CMVM and must comply with the EU’s MiFID regulations. 

When reviewing the choices for an online broker to use to trade from Portugal with, traders should check that their asset classes are sufficient and that they have strict regulatory oversight, a good client reputation and a trading platform that has all the necessary features. Moreover, any acceptable broker should keep client funds segregated from its own to offer a safe place for a margin deposit.

Why Choose Forex.com
For Portugal?

Forex.com scored best in our review of the top brokers for portugal, 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