FX brokers that offer accounts in Euro

The Euro (EUR) is the official currency of the Eurozone, comprising 19 member states of the European Union (EU). Additionally, several non-EU countries and territories, such as Andorra, Monaco, San Marino, Vatican City, Montenegro, and Kosovo, also use the euro. Introduced in 1999, initially as an electronic currency for payments, euro banknotes were later introduced in 2002 for everyday transactions. The European Central Bank (ECB) is responsible for issuing the euro currency and managing inflation within the Eurozone. The euro holds a prominent position in international financial trading and serves as the second-largest reserve currency globally, following the US Dollar. The EUR/USD currency pair is the most commonly traded pair in foreign exchange markets, and many brokers offer trading accounts denominated in euros. If you frequently engage in transactions using the euro or hold savings in euros, it can be beneficial to open a trading account denominated in the same currency. This choice allows you to avoid fees associated with currency conversions, thereby potentially saving money in the long run.
9.90
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.72
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.54
MT4MT5Copy tradingECNHigh leveragePAMMSTP
Regulations
CMA, Central Bank of Curaçao and Sint Maarten, CySEC +5 more
Platforms
MT4, MT5
9.36
AvaTrade read review
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.18
RoboForex read review
MT4MT5cTraderDeposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
FSC Belize
Platforms
MT4, MT5, cTrader +1 more
9.00
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, CySEC, FSCA +2 more
Platforms
MT4, MT5
8.82
Fortrade read review
MT4No deposit bonusCopy tradingPAMMSignals
Regulations
ASIC, CySEC, FCA UK +2 more
Platforms
MT4, Custom
8.64
Pepperstone read review
MT4MT5cTraderCopy tradingECNPAMMSignals
Regulations
ASIC, BaFin, CMA +4 more
Platforms
MT4, MT5, TradingView +1 more
8.46
High leverageSignals
Regulations
CNMV, FCA UK, KNF +1 more
Platforms
xStation
8.28
MT4MT5Copy tradingHigh leveragePAMM
Regulations
CIMA, CySEC, FCA UK
Platforms
MT4, MT5
The Euro (EUR) operates on a free-floating exchange rate system, meaning its value is determined by market forces of supply and demand in the foreign exchange (Forex) market. Unlike commodity currencies, the Euro is not directly tied to the price of specific commodities. Instead, its value is primarily influenced by political and economic events, central bank policies, and market sentiment. In terms of inflation rates, the Eurozone experienced relatively low inflation levels from 2002 to 2020, ranging from 4.1% to 0%. However, in 2022 and 2023, inflation rates saw a sharp increase, surpassing 8%. It's worth noting that global factors such as the Covid-19 pandemic and the conflict in Ukraine have played significant roles in driving up prices of goods and services worldwide, not just within the European Union. Europe boasts a strong economy, which contributes to the stability and attractiveness of the Euro. Consequently, opening a trading account denominated in Euro can be a favorable choice, considering the economic strength and stability of the Eurozone.

FAQs about EUR

Should I open EUR FX trading account?

If you are using Euro as your main currency, opening an EUR account will help you save fees on currency conversions when depositing and withdrawing money from your trading balance.

How difficult is it to find Forex brokers with EUR accounts?

Euro is the world’s second-largest reserve currency, and it’s actively traded in Forex markets. EUR/USD pair is the most liquid pair in the world. And most of the brokers enable their clients to open trading accounts in Euro.

Are there any differences between EUR and other currency accounts?

Brokers offer similar trading conditions for different account currencies, however, some brokers may require initial deposit amount to be 100 account currency or higher. While, for instance 100 EUR and 100 USD have different valuations.