2021 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Slovakia
This guide to the reputable online brokers in Slovakia has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
This guide contains the most recent information about finding the best trading patforms in Slovakia.
If you're a new entrant into the realm of trading and brokerage, so many facts will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You will acquire proficient skills at all of the concepts of brokerage since you keep trading. For starters, you have to choose the perfect broker in Slovakia who'll be transparent with you always.
In this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment plan is key to your success.
We currently have 17 Online Brokers from our research that we believe are the Reputable Trading Patforms in Slovakia
Who’s The Best Slovakia Brokers?
This review has been provided to help you find an experienced Slovakia broker. When searching for a good, reliable broker in Slovakia it can be quite confusing. Below we detail what your broker options are in Slovakia and what Slovakia online trading platforms can offer you.
We currently have 17 Trading Patforms from our research that we believe are the Reputable Trading Patforms in Slovakia
|Vinson Financials||Pepperstone||Interactive Brokers||Valutrades||Ally invest||Blitzbrokers||IG||Ascot Securities||DF Markets||Sharekhan||Ducascopy Bank||EagleFX||Finmax||DIF Broker||Boston Merchant Financial||WIT Invest||BOQ Trading|
|Find Out More|
|Headquarters||Cyprus||Australia||United States||UK||United States||Hong Kong||UK||Estonia||UK||India||Switzerland||Dominica||Bulgaria||Portugal||Dubai||Saint Vincent and the Grenadines||United States|
|Regulated By||Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217||Financial Conduct Authority (FCA)||Unregulated||Cyprus Securities and Exchange Commission (CySEC)||Securities and Futures Commission (SFC)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)||Cyprus Securities and Exchange Commission (CySEC)||Financial Conduct Authority (FCA)||Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange||Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA)||Unregulated||Financial Services Authority (FSA)||Financial Conduct Authority (FCA)||Australian Securities and Investment Commission (ASIC)||Unregulated||Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)|
|Risk Warning||Losses can exceed deposits||CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money||Losses can exceed deposits||Your capital is at risk||Your capital is at risk||Your capital is at risk||Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.||Your capital is at risk||Losses can exceed deposits||Your capital is at risk||Losses can exceed deposits||Your capital is at risk||Your capital is at risk||Your capital is at risk||Losses can exceed deposits||Your capital is at risk||Your capital is at risk|
|Withdrawal Fees||Yes||No||10 USD||0||250||$3||No||variable||No||No||No||variable||variable||variable||No||variable||0|
|CFD Fees||$15 for 1 lot on indices||Yes||Yes||Yes (0.1%)||Yes||No||Yes||Yes||No|
|Accepts Credit Cards||Yes||Yes||No|
Online Share Trading In Slovakia
Trading Assets in Slovakia is highly regulated and considered very safe. However, be aware that any investment can go down as well as up, so your capital is in danger.
If you are just starting out using online trading then it is suggested to have a demo account first with a controlled agent so you are able to learn the strategies without the risk of losing money.
Live Forex Trading In Slovakia
Forex is the liquid financial market in the world with a daily financial exchange turnover of more than $5 trillion (BIS data April 2016).
Forex (Abbreviation of Foreign Exchange) is a currency exchange involving two distinct countries and the following management of the consequent position where one currency gains and the other loses.
It is possible to do Live Forex Trading in Slovakia with professional online agents
Live CFD Trading In SlovakiaCFD trading is the buying and selling of contracts for difference via an online trading partner in Slovakia. When trading CFDs you are agreeing to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.
Spread Betting In Slovakia
Spread Betting in Slovakia is possible using trusted online brokers like eToro or FP Markets. It is a simple bet as to whether the price will go up or down. Usually, the Slovakia trading platforms will display the prices you have.
If you are looking at how to do spread betting in Slovakia then it is suggested to start with a demo account with either XM or 101Investing so that you can practice with monopoly currency before risking your own capital.
Trading Stocks in Slovakia
Internationally, Slovakia is considered safe to do online trading and has access to other global financial centers. In Slovakia, online trading platforms are highly regulated, professional and customer centric.
However, it is always important to be as informed as possible so below are some of the important things a trader should know:
The financial industry in Slovakia are professional and are seen are trustworthy due to regulation and compliance by the local Fiancial trade authority in Slovakia.
The online trading solutions used by brokers in Slovakia are thoroughly tested and highly rated.
Whichever Online Trading Solutions in Slovakia you decide to use, ensure they have all of the below:
- Easy to use platform
- Access to a risk management tool
- Good or fast execution speed
- High quality charts
- Able to perform social trading
- Fast online help or support
Challenges Of Trading in Slovakia
The US Dollar is considered the base currency around the world so even a little change in the US economic markets can affect the financial markets in Slovakia. The EU is also a large market and changes there could affect the financial markets in Slovakia.
Like every country there are opportunities in Slovakia economic markets and overall the outlook is positive. However, like in all global financial markets we recommend that any Online Trading Brokers in Slovakia you decide to use, make sure you do your homework first before risking your money. We have collected thousands of datapoints and written this guide to help you find the Best Trading Platforms in Slovakia. We hope that by using this guide you will find a professional broker that matches your needs.
Frequently Asked Questions About Trading Forex In Slovakia
Is Forex Trading Legal In Slovakia?
There's a growing misconception that trading Forex in Slovakia is considered unsafe. This isn't the situation, Forex Currency trading in Slovakia is quite active, regulated and safe.
Trading in Forex is allowed in Slovakia as for any company to trade globally, foreign currency has to be exchanged. Any time you buy something and it is shipped from abroad, there will be multiple money exchanges by multiple businesses to get that item to you.
The important thing is that if trading Forex in Slovakia you select one of the top online brokers.
Do Forex Traders Pay Tax In Slovakia?
Once a dealer is successful and their profits achieve a particular level then they may be taxed in Slovakia according to the typical taxation rules.
Tax returns must always be filed even if there's a reduction. You should seek advice with a documented accountant in Slovakia to make certain you are abiding with present regional laws since it's very dependent on your personal conditions.
Can You Trade Cryptocurrencies In Slovakia?
Cryptocurrency markets in Slovakia are quite new. As Cryptocurrencies operate on decentralised assets in Slovakia matters like interest rate fluctuations and political instability do not impact them as much as the fiat markets.
Cryptocurrencies are more popular with the centuries as well as increasing income levels and technologies adoption, trading cryptocurrency in Slovakia is rising day by day. It is still small in comparison to the Forex markets however around $6 billion USD of Bitcoin is traded every day.
Can You Trade Commodities In Slovakia?
Commodities trading in Slovakia includes trading in things like precious metals, energies and agricultural commodities.
Some commodities such as agricultural are seeing exponential growth inSlovakia.
Fast growing markets like India have a significant need for many basic raw materials for their population. This means that countries like Slovakia can take advantage of the situation.