List of Forex brokers with Hungarian Forint accounts

Hungary, despite being a member state of the European Union since 2004, maintains its own currency. The Hungarian Forint (HUF) serves as the official currency of Hungary. If you reside in Hungary and frequently engage in transactions using the Hungarian Forint, opting for a trading account denominated in HUF can help you avoid fees associated with currency conversions. However, it's important to note that not all brokers offer HUF account types. To simplify the selection process, we have reviewed multiple brokers and compiled a list of the top brokers that support the Hungarian Forint as an account currency.
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
8.46
High leverageSignals
Regulations
CNMV, FCA UK, KNF +1 more
Platforms
xStation
The Hungarian Forint (HUF) is not classified as a commodity currency and its value is influenced by political and economic events. As a free-floating currency, the Forint is actively traded in the Forex market. It was first introduced in 1946, and following World War II, Hungary resorted to increased money printing to address its debt, resulting in significant inflation. Between 2002 and 2021, the inflation rate in Hungary fluctuated between -0.2% and 8%. However, in 2022, the country experienced a notable inflation rate of 14.6%, surpassing the inflation numbers observed in the European Union, which were around 8%. It's important to note that the Forint is generally considered to be less stable than major currencies like the Euro (EUR) and the US Dollar (USD). Therefore, before opening trading accounts denominated in HUF, it is essential to consider the inflationary environment and its potential impact on the currency's stability.

FAQs about HUF

Where can I find Forex brokers that offer HUF accounts?

There are not many brokers that offer trading accounts in Hungarian Forint. We have checked numerous brokers and created a top list that you can see in our guide above.

Is it profitable to use HUF FX trading account?

If you are actively using HUF as your daily currency, opening an account in Hungarian Forint can be profitable, as this way you’ll be able to save currency conversion fees. On the other hand, you should also be aware that currencies can lose value due to inflation, and consider choosing a type of currency that retains its purchasing power over the long run.

Do accounts in HUF have any negatives?

Most brokers offer similar trading conditions for all of their accounts in different currencies. However, it should be noted that minimum initial deposit requirements and commissions might differ with some brokers based on your account currency.