As part of my Forex Brokers in Slovenia listing, I have analyzed the complete offerings from dozens of brokers to determine the most competitive choices for those looking to trade Forex in Slovenia.
- FXTM, Best all-around broker with high floating leverage and fast execution.
- FP Markets, ECN trading with leverage up to 1:500.
- AvaTrade, Highly regulated, choice of fixed or floating spreads.
- Eightcap, Competitive pricing + excellent daily videos.
- Pepperstone, Great ECN execution on MT4/5, cTader, TradingView and Pepperstone proprietary platform.
Best Slovenian Brokers Comparison
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Regulators | CMA, FCA, FSC Mauritius, FSCA | ASIC, CMA, CySEC, FSCA | ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID | ASIC, CySEC, FCA, SCB | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB |
Year Established | 2011 | 2005 | 2006 | 2009 | 2010 |
Execution Type(s) | ECN/STP, Market Maker | ECN/STP | Market Maker | ECN/STP, Market Maker | No Dealing Desk, NDD |
Minimum Deposit | |||||
Average Trading Cost EUR/USD | 0.1 pips | 1.2 pips | 0.9 pips | 1.0 pips | 1.1 pips |
Average Trading Cost GBP/USD | 0.2 pips | 1.4 pips | 1.5 pips | 1.2 pips | 1.4 pips |
Average Trading Cost Gold | $0.18 | $0.16 | $0.29 | $0.12 | $0.15 |
Trading Platform(s) | MetaTrader 4, MetaTrader 5, Proprietary platform | MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based | Other, MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based+ | MetaTrader 4, MetaTrader 5, Trading View | Other, MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Trading View+ |
Islamic Account | |||||
Negative Balance Protection | N/A | N/A | |||
| Visit Website | Visit Website | Visit Website | Visit Website | Get Started Visit Website75-95% of traders on margin lose |
FXTM
In Summary Best all-around broker with high floating leverage and fast executionFXTM ranks amongst the Forex Brokers in Slovenia with the lowest overall trading fees, making it the leading choice for high-volume traders, scalpers, and high-frequency algorithmic traders. For a minimum deposit of just €500, Slovenian Forex traders receive raw spreads from 0.0 pips with a separate trade ticket commission of $0.80 - $4.00 per 1.0 standard round lot. An additional advantage is the superb price improvement technology that can further lower trading costs, featuring an average cost improvement of $3.00 per lot.
Six plugins upgrade the MT4 trading platform, and VPS hosting ensures 24/5 low-latency Forex trading is available. FXTM also provides quality educational content and market research for beginners.
Pros & Cons
- Excellent commission-based Forex pricing environment and transparency
- Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app
- Quality market research and educational content for beginner traders
- A highly regulated broker with a tier-1 license
- Limited choice of commodities
FP Markets
In Summary ECN trading with leverage up to 1:500Traders get a 12-plugin upgrade package for the MT4/MT5 trading platforms and the user-friendly native FP Markets mobile app. Distinguishing itself from most Forex brokers in Slovenia, this broker takes the lead with its cutting-edge trading platform upgrades, solidifying its position as a top player in the local market. FP Markets has an incredibly low minimum deposit requirement of only €50, making it also one of the most accessible Forex brokers in Slovenia.
The FP Markets Raw account provides a competitive commission-based cost structure featuring spreads from choice pricing 0.0 pips for a separate ticket-based commission of $6.00 per 1.0 standard round lot. Traders have access to 24/7 multi-lingual customer support, and the wide range of tradable instruments includes Cryptocurrencies and ETF CFDs.
Pros & Cons
- Choice of trading platforms and auxiliary trading tools
- Very competitive cost structure and excellent asset selection
- Low minimum deposit requirement and leverage of up to 1:500
- Well-regulated and trustworthy
- Availability of Iress geographically restricted
AvaTrade
In Summary Highly regulated, choice of fixed or floating spreadsAvaTrade is the broker from my Forex brokers in Slovenia, and it is listed as having the widest range of trading platform choices for its customers. It is also one of the few EU-headquartered Forex brokers. Traders can rely on access to the MT4/MT5 platforms for algorithmic trading. They can also opt to use the proprietary WebTrader and mobile app AvaTradeGO, equipped with Trading Central. The specialized Ava Option platform and Ava Social systems are also available. Besides the embedded MT4/MT5 copy trading services, traders wanting copy trading functionality can also utilize DupliTrade.
Traders pay reasonable commission-free costs, and there is a well-balanced asset selection alongside the usual Forex pairs, Options, ETFs, and Cryptocurrencies. AvaTrade maintains a high-paying affiliate program with 145,000 registered partners and $300,000,000+ in commission payouts to partners.
Pros & Cons
- High quality educational offering via AvaAcademy
- Excellent choice of trading platforms catering to various trading needs
- Broad asset selection and cross-asset diversification opportunities
- Well-regulated and trusted broker with oversight from a central bank
- Trading costs competitive but nothing special
Eightcap
In Summary Competitive pricing + excellent daily videosEightcap has a €100 minimum deposit requirement, and traders enjoy a competitively priced commission-free cost structure with spreads starting from as low as 1.0 pip or $10 per 1.0 standard lot. The MT4 trading platform fully supports algorithmic and copy trading functionality, and Eightcap has no restrictions on trading strategies it supports. There is a good range of assets available to traders.
The Eightcap Labs and Eightcap Trade Zone client areas allow beginners to access quality educational content and market research. Eightcap also allows Slovenian-resident Forex traders to connect their trading accounts to TradingView, a popular community where 50M+ traders engage in social trading. In my listing of Forex brokers in Slovenia, Eightcap emerges as the optimal choice for social traders, solidifying its position as the premier option in the market in this regard.
Pros & Cons
- Low minimum deposit and high leverage of up to 1:500
- Competitive cost structure
- Excellent technology infrastructure and seasoned management team
- Daily research and quality educational content
- Limited leverage in some areas
Pepperstone
In Summary Great ECN execution on MT4/5, cTader, TradingView and Pepperstone proprietary platformPepperstone is the broker within my Forex brokers in Slovenia listing, offering the most advanced range of trading tools. This distinctive feature is rare among brokers, with even fewer extending this capability to European traders. Pepperstone also upgrades MT4/MT5 with its 28-plugin Smart Trader Tools package and the comprehensive Autochartist service.
Besides MT4/MT5, Pepperstone offers the cTrader platform and allows traders to connect their accounts to TradingView, where 50M+ traders can interact and share trade research and ideas, and the proprietary Pepperstone Platform. The commission-based pricing environment features competitive spreads, making Pepperstone ideal for high-volume algorithmic traders and scalpers. Pepperstone executes same-day withdrawal transactions.
Pros & Cons
- Excellent choice of trading platforms consisting of MT4/MT5, cTrader, TreadingView and Pepperstone Platform
- Market-leading MT4/MT5 upgrade package, Autochartist, and API trading
- Social trading support via Signal Start, MetaTrader Signals, Copy Trading by Pepperstone, DupliTrade
- Leverage of up to 1:400 depends on jurisdiction and superb trade execution
- Demo accounts have 60-day time limits
Forex Trading in Slovenia
Slovenia is a comparatively wealthy Alpine nation that has emerged as one of the leading cryptocurrency adopters in Europe. The general level of education within the population is high, ranking 4th within Europe and 12th globally. This continues to drive further innovation, and the demand for Forex trading is strong in the country, making it a core developed market for the brokers within my Forex brokers in Slovenia listing.
What to Look for in a Forex Broker from Slovenia
Any competitive Slovenian Forex brokers should offer the following:
- Regulation - A clean regulatory history, preferably within the EU.
- Low trading fees - Low trading fees and swap rate markup, including positive swap rates for applicable instruments that pay you for holding risk overnight.
- Trading platforms - Algorithmic, copy trading, and mobile trading capabilities.
- Asset diversity - A wide choice of liquid trading instruments.
- Deposits/Withdrawals - No deposit fees and low minimum deposit requirements.
Forex Trading Regulations in Slovenia
The Bank of Slovenia and the Securities Market Agency regulate the Slovenian financial and Forex markets, ensuring compliance with ESMA rules and regulations, including the Markets in Financial Instruments Directive II (MiFID II). Most brokers within my Forex Brokers in Slovenia listing serve Slovenian Forex traders from an EU-based subsidiary.
How Much Forex Leverage is Available in Slovenia?
Slovenian-resident retail Forex traders have a maximum leverage of 1:30. At the same time, professional account upgrades can boost this to 1:500. All brokers within my Forex brokers in Slovenia listing offer negative balance protection.
How to Start Forex Trading in Slovenia?
Before funding an account with a broker within my Forex Brokers in Slovenia listing, beginners should consider our tips below to avoid common errors in margin trading and shorten their learning curve.
Here are tips on how to start Forex trading in Slovenia:
- Start with in-depth education to learn about the key success factors in trading and the basics of order entry and trade management.
- Respect Forex trading as a highly skilled profession and approach it professionally.
- Trading psychology is a especially crucial as it separates up to 90% of unprofitable traders from profitable ones.
- Understand the leverage/risk management relationship and how deploying margin can affect decision-making.
- Leverage magnifies potential profits and losses, so executing the correct trade sizes is important to get right.
- Risk management is as important as the trading methodology you intend to deploy.
- A suitable trading strategy ideally should reflect your personality strengths.
- Low trading fees are the foundation of a competitive trading environment.
- Master the use of basic order types that can help manage trading risk, such as 'Take Profit’ and ‘Stop Loss.’ Consider your risk management parameters when identifying levels to place these orders in your trading markets.
What is the Best Trading Platform in Slovenia
MT4 is regarded as the best trading platform in Slovenia due to its versatile trading infrastructure. It is the leading algorithmic trading platform globally for traders, and algos account for 80%+ of daily Forex trading volume. All Forex brokers within my Forex brokers in Slovenia listing offer the MT4 platform.
Forex Trading Taxation in Slovenia
Slovenian-resident Forex traders are potentially liable for taxes on profits made in Slovenia.
Potential Forex trading taxes in Slovenia consist of the following:
- 25% capital gains tax.
- 16% income tax if income is less than €8,755.
- 26% income tax if income is less than €25,750.
- 33% income tax if income is less than €51,500.
- 39% income tax if income is less than €74,160.
- 50% income tax if income exceeds €74,160.
Forex traders in Slovenia should consult a legal professional to seek individual tax advice based on their situation in Slovenia to ensure compliance with local rules and regulations.
Pros & Cons of Forex Trading in Slovenia
Traders should consider the pros and cons of Forex trading in Slovenia before opening an account with any of the Forex brokers in Slovenia listed here.
The pros of Forex trading in Slovenia are:
- Lower capital requirements and costs than other investments.
- 24/5 decentralized market.
- Low-latency algorithmic trading is possible.
- Passive income opportunities.
- Copy and social trading via mobile apps.
The cons of Forex trading in Slovenia are:
- Disrespect for Forex trading as a high-skilled profession.
- Emotion-based decision-making can lead to loss of control.
- Manual trading in an algorithmic trading environment can be a disadvantage.
- Disconnect between leverage used and its relationship to risk management.
- False sense of accomplishment from only demo trading before funding a live account.
- Restrictive retail leverage.
- There are no bonuses or incentives for new traders compared to other countries.
Bottom Line
With one of the world's most well-educated populations, Slovenia is positioned as an attractive growth market among developed economies. The nation's small yet rapidly expanding Forex demand, fueled by a keen interest in cryptocurrencies, adds to its allure for brokers. My Forex Brokers in Slovenia listing compiled a list of competitive Forex brokers catering well to Forex and cryptocurrency CFD traders. High-speed internet access enables Slovenians to execute 24/5 algorithmic Forex strategies and 24/7 algorithmic cryptocurrency trading.
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FAQs
Is Forex trading legal in Slovenia?
What is the best trading platform for Slovenia?
Does MetaTrader work in Slovenia?
How to start Forex trading in Slovenia?
Is Forex trading taxable in Slovenia?
Forex traders must pay taxes in Slovenia if resident there, which maintains a complex tax law typical of many Eurozone countries. Therefore, Slovenian-resident Forex traders should consult a licensed professional for tax advice, as liabilities will depend on an individual’s situation; the upper-income tax bracket has a 50% tax rate, applicable if annual taxable income exceeds €74,160.
