Forex Brokers in Ireland

Richard Montana | November 23, 2022

Trading currencies online has grown in popularity with forex traders in Ireland. There is certainly not a shortage of international brokers that provide trading products and services to residents of Ireland, although it can be advantageous to look for a forex broker that is authorised by the Central Bank of Ireland if you are based there. This is because they may be able to provide you with certain protection that an offshore broker cannot. The CBI has strict regulations for forex brokers. The requirements of negative balance protections and leverages are applied, following the guidelines from the European Securities and Markets Authority (ESMA).

Best forex brokers Ireland

To find the best forex brokers in Ireland, we created a list of all the regulated forex brokers that accept traders in Ireland, then ranked them according to our overall rating. You can see the list of our top forex brokers for Ireland below.

Broker
Rating
Regulated
Min. Deposit
Founded
Max. Leverage
1.

ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA

$100

2006

1:400

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
2.

ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA

$250

1974

1:200

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
3.

CBI, CONSOB, FCA, PRA

$1

1999

1:20

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
4.

CBI

€500

1926

N/A

All investments contain risk. Please ensure you understand all the risks associated with any investment prior to making a decision to invest.
5.

CBI

$2,000

1997

1:30

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Central Bank of Ireland forex brokers in Ireland

The Central Bank of Ireland (CBI) acts as the primary regulator for all financial companies in Ireland, including forex brokers. The CBI serves the public interest by safeguarding monetary and financial stability and by working to ensure that the financial system operates in the best interests of consumers and the wider economy.

They regulate more than 10,000 firms providing financial services in Ireland and overseas. This regulation is undertaken through risk-based supervision, underpinned by a credible threat of enforcement. The CBI objective is to ensure financial stability, consumer protection and market integrity.

Since the central bank sets the reserve requirements, it is in a position to have a significant influence on the operations and profits of member commercial banks. The central bank can simply regulate the behaviour of the commercial banks to suit the national interests by modifying the reserve requirement rates.

The objectives of the Central Bank with respect to the regulation of the financial sector include:

  • stability of the financial system
  • proper and effective regulation of financial institutions and markets
  • ensuring that consumers of financial services are protected
  • resolution in credit institutions

Regulation and supervision across all financial sectors continue to be underpinned by the Central Bank’s rigorous authorisation procedures, the assessment of applications for approval of persons under the fitness and probity standards, development of financial regulation policy, and an assertive risk-based approach to supervision coupled with the credible threat of enforcement.

How to verify CBI regulated brokers in Ireland

Ireland is a part of the European Economic Area (EEA) agreement and an integral member of the EU. Therefore, forex brokers that are incorporated in Ireland are free to carry out its business activities to all regions of the EU. You don’t have to use a CBI broker though, you can always use a forex broker that is regulated in another country which can accept residents of Ireland.

If you need to verify a license, you can look for the brokers regulation number from the disclosure text at the bottom of their homepage. You can then look up the registration number on the Central Bank of Ireland website to confirm if the forex broker is regulated in Ireland.

About the Author

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Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.


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