Best Low Cost Brokers in Hungary
Top 3 Low-Cost Platforms for Traders in Hungary
XTB Group is a leading global fintech company specialising in online trading and investment services. With over 2 million clients worldwide, XTB has established itself as a trusted broker for retail and institutional investors seeking access to financial markets, including forex, CFDs, stocks, ETFs, and cryptocurrencies.
Founded over 20 years ago, the company combines deep industry expertise with cutting-edge technology to deliver a secure, user-friendly trading platform (xStation). XTB operates in 12 markets across Europe, Latin America, the Middle East, and Asia, and adheres to strict regulatory standards set by authorities such as the FCA, CySEC, and KNF.
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FxPro is a premier global forex and CFD broker, empowering traders with access to over 2,100 instruments across six asset classes, including forex, shares, spot indices, futures, spot metals, and spot energies. With over 2 million clients worldwide, FxPro delivers award-winning execution, top-tier liquidity, and no dealing desk intervention through intuitive platforms like MT4, MT5, cTrader, and its proprietary FxPro Trading Platform.
Established in 2006, the company boasts nearly 20 years of industry experience, having executed over 635 million orders while earning more than 120 international accolades for innovation and reliability. Regulated by top-tier authorities such as the FCA (UK), CySEC (Cyprus), and SCB (Bahamas), FxPro operates in over 170 countries, ensuring segregated client funds and robust security measures.
How to categorize a Broker as cheap?
Below are the main criteria that we have considered when making this ranking:
The minimum deposit must be low (or null). A low minimum deposit means that operating the platform does not require a lot of capital.
The Broker should not charge a fixed commission per trade. The Broker must charge commissions because that is what they do, but when they set a fixed rate, it implies that a buy and sell order must have a minimum amount to generate any profit. As an example, if you open a trade for a total value of 20 dollars and the Broker charges a fixed commission of 10 dollars to complete the operation (Opening and Closing), then the trade must generate at least 10 dollars, that is, it must grow 50%. Brokers that do not charge a fixed commission tend to charge high spreads.
Spreads and Overnight Financing should be as low as possible. Related to the previous, if a broker does not charge fixed commissions, the only way to earn money is through margins and overnight financing. Overnight financing costs are levied when a trade is left open until the next day; Brokers charge this cost as if it was a loan, which, indeed, it is. To be considered low, these trading costs should be as low as possible.
Last but not least, the Broker has to be available to clients in Hungary.
Above we present our Top 3 of the best Trading platforms that we consider as 'Low Cost'.
Avatrade offers you a wide selection of the Most Traded ETFs in the market. In addition, the company is regulated in multiple jurisdictions worldwide, which makes it a reliable, trustworthy, and transparent brokerage services provider. They allow you to optimize your investment strategy with excellent trading conditions such as low spreads, transparent pricing of assets, and fast execution on all entry and exit orders.
AvaTrade offers ETFs from Fund Managers like SPDR, VanEck, iShares, among others.
Generally speaking, clients of trading platforms want to pay fewer and smaller commissions. Therefore, we present the top 3 of the cheapest Brokers.