Top 6 Forex Brokers in Italy
Forex trading in Italy is regulated by CONSOB (Commissione Nazionale per le Società e la Borsa). Italian traders often look for brokers that act as a 'Sostituto d'imposta' (Tax Substitute) to simplify tax reporting, though many international brokers operate under the 'Regime Dichiarativo' (Declarative Regime). We have listed the best authorized brokers.
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Is forex trading taxed in Italy?
Yes. Capital gains are taxed at 26%. If you use a broker like Fineco, they deduct it automatically. For international brokers, you must declare it in your 'Modello Redditi'.
Quick Picks
Safety
Authorized by Italian authorities.
| Broker | Action | ||
|---|---|---|---|
| AvaTrade | CBI | Reliable | Open Account |
| Pepperstone | CySEC | Low Spreads | Open Account |
| eToro | CySEC, FCA | Best Social | Open Account |
| Plus500 | CySEC | Top CFD App | Open Account |
| XTB | KNF, CySEC | Best Platform | Open Account |
| IG | BaFin (Milan Branch) | Pro Choice | Open Account |
Detailed Broker Analysis
Social Trading.
eToro operates under the Declarative Regime in Italy (you must declare taxes yourself). However, its popularity for Postepay deposits and social trading makes it a top choice.
Pros
- Pioneering social trading platform
- CopyTrader for passive investing
- Real stock and ETF trading
- 80+ cryptocurrencies
Cons
- $5 withdrawal fee
- $10/month inactivity fee after 12 months
- Higher spreads on forex/CFDs
- Currency conversion fees for non-USD
Top CFD App.
Plus500 offers a clean, user-friendly CFD trading app. CySEC regulated for EU protection.
Pros
- FTSE 250 listed - maximum transparency
- Regulated by 10+ global authorities
- User-friendly platform for beginners
- Free guaranteed stop orders
Cons
- $10/month inactivity fee after 3 months
- No MT4/MT5 or third-party platforms
- Limited research and analysis tools
- No automated trading support
Best Platform.
XTB's xStation 5 platform is award-winning with excellent research tools. Accepts Postepay.
Pros
- Publicly traded & transparent
- Superb user experience
- 0% commission on real stocks (EU)
- Fast execution
Cons
- MT4 no longer offered to new clients
Pro Choice.
IG has a Milan branch and offers excellent Italian support for professional traders.
Pros
- Regulated by 8+ top-tier authorities (FCA, ASIC, CFTC, etc.)
- Huge range of 17,000+ instruments including options & futures
- FTSE 250 listed company with high financial transparency
- Top-tier educational academy and daily market analysis
Cons
- Admin fee on overnight funding increased to 1.5% (Dec 2026)
- Higher spreads on UK small-cap shares (2026 update)
- No Islamic (swap-free) account available
- MetaTrader 4 offering is limited compared to proprietary platform
Reliable.
AvaTrade is multi-regulated (CBI, FCA, ASIC) with MT4/MT5 support.
Pros
- One of the most regulated brokers globally (9 licenses)
- Commission-free trading model
- Fixed spreads - predictable costs
- Unique AvaProtect risk management tool
Cons
- Fixed spreads are wider than ECN/Raw spread brokers
- Higher inactivity fee ($50/quarter after 3 months)
- No ECN or raw spread account option
- Cryptocurrency spreads can be high
Low Spreads.
Pepperstone offers institutional-grade execution with spreads from 0.0 pips.
Pros
- Regulated by 7 jurisdictions including 4 Tier-1
- Ultra-tight raw spreads on Razor (avg 0.1 pips EUR/USD)
- Fast execution - ideal for scalpers/EAs
- MT4, MT5, cTrader, TradingView support
Cons
- Standard account spreads wider than Razor
- Commission varies by platform
- No proprietary mobile app
- Research less extensive than IG
Frequently Asked Questions
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BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology.
Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows country acceptance status. Please verify availability with the broker directly before proceeding.
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January 2026







