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Risk·77–82% of retail CFD accounts lose money. Trade only with capital you can afford to lose.
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CFD Brokers2026

Brokers by Country · PT

Brokers in Portugal, 2026

Tracked byUpdated

Portugal sits inside ESMA retail rules with the CMVM (Comissão do Mercado de Valores Mobiliários) supervising capital markets and broker-dealers, alongside Banco de Portugal on prudential matters. EU-passported brokers (CySEC, MFSA, BaFin) dominate the cross-border retail offering, while domestic CMVM-licensed names — Banco BPI, Millennium BCP investment arms, XTB Portugal — anchor the regulated segment. SEPA, Multibanco and MB WAY dominate local funding.

6 / 8 brokers accept Portugal

mixed

  1. Editorial top pick

    01FxPro

    Local licenseFCACySECSCBFSCA
    Open account at FxPro →
    Avg spread
    0.30pip
    midpoint of broker range
    Cost / lot
    $10.00
    incl. $7 commission
    Min deposit
    $100
    Max leverage
    1:500
    EU/UK retail: 1:30 · SCB (Bahamas) entity: 1:500

    Four diversified regulators (FCA, CySEC, FSCA, SCB) with 18+ years operating history · MT4/MT5 Standard accounts are spread-only at ~1.2 typical pips — only use cTrader or Raw if you want commission-based pricing

    Fits ifYou are EU or UK retail and want double tier-1 cover (FCA + CySEC) at one broker
    PlatformsMetaTrader 4, MetaTrader 5, cTrader, FxPro Edge

    Founded in 2006 · Verified Jun 1, 2026

    Full FxPro details →

  2. 02Tickmill

    Local licenseFCACySECFSAFSCA
    Open account at Tickmill →
    Avg spread
    0.20pip
    editorial estimate
    Cost / lot
    $8.00
    incl. $6 commission
    Min deposit
    $100
    Max leverage
    1:1000
    EU/UK retail: 1:30 · Seychelles entity: 1:1000

    Raw account: 0.0 from-spread + $6 round-turn — ECN-style pricing in a commission-based tier · Broker publishes "from" spreads only — realised typical is not disclosed on the accounts page

    Fits ifYou are EU or UK retail and want FCA + CySEC double cover with ECN-style commission pricing
    PlatformsMetaTrader 4, MetaTrader 5

    Founded in 2014 · Verified Jun 1, 2026

    Full Tickmill details →

  3. 03Deriv

    Local licenseBVIMFSA
    Open account at Deriv →
    Avg spread
    0.70pip
    editorial estimate
    Cost / lot
    $7.00
    no commission
    Min deposit
    $5
    Max leverage
    1:1000
    EU retail (MFSA Malta): 1:30 · Labuan / Vanuatu / BVI entities: up to 1:1000

    $5 minimum + 25 years of operating history (since 1999 as Binary.com, rebranded Deriv in 2020) · Forex is secondary to synthetic indices (their proprietary product) — CFD instrument breadth is narrower than ECN-focused brokers like Tickmill

    Fits ifYou trade synthetic indices (Volatility, Crash, Boom) — Deriv invented this product category
    PlatformsMetaTrader 5, Deriv X

    Founded in 1999 · Verified Jun 1, 2026

    Full Deriv details →

  4. 04AvaTrade

    Local licenseASICFSCACBIBVI
    Open account at AvaTrade →
    Avg spread
    0.90pip
    broker-published typical
    Cost / lot
    $9.00
    no commission
    Min deposit
    $100
    Max leverage
    1:400
    EU/UK/AU retail: 1:30 · FSCA / BVI entities: up to 1:400

    Regulated in 6 jurisdictions · Spread-only pricing at 0.9 pip = ~$9/lot round-turn — wider than ECN/Raw brokers at similar volume

    Fits ifYou are AU or EU retail and want CBI + ASIC double cover with 20 years of operating history
    PlatformsMetaTrader 4, MetaTrader 5, AvaOptions, DupliTrade

    Founded in 2006 · Verified Jun 1, 2026

    Full AvaTrade details →

  5. 05XM Group

    Local licenseASICCySECIFSC
    Open account at XM Group →
    Avg spread
    1.30pip
    midpoint of broker range
    Cost / lot
    $13.00
    no commission
    Min deposit
    $5
    Max leverage
    1:1000
    EU/AU retail: 1:30 · XM Global (offshore entity): up to 1:1000

    $5 minimum makes starting cheap · Standard account EUR/USD spread 1.0–1.6 pip (broker-published range) + $0 commission ≈ $13/lot — one of the highest costs in our list

    Fits ifYou want the lowest-friction entry in our list — $5 minimum deposit
    PlatformsMetaTrader 4, MetaTrader 5, Web Trader

    Founded in 2009 · Verified Jun 1, 2026

    Full XM Group details →

  6. 06RoboForex

    IFSC
    Open account at RoboForex →
    Avg spread
    0.20pip
    broker-published typical
    Cost / lot
    $6.00
    incl. $4 commission
    Min deposit
    $10
    Max leverage
    1:500
    IFSC Belize offshore only — ECN tier; separate Pro account reaches 1:2000

    ECN account: 0.2 typical + $4 round-turn ≈ $6/lot — among cheapest commission tiers in our list · IFSC Belize only — no tier-1 regulator, no FSCS-equivalent protection

    Fits ifYou're in a non-restricted, non-EU-focused jurisdiction and want ECN-style $6/lot pricing at a $10 entry minimum
    PlatformsMetaTrader 4, MetaTrader 5, R Stocks Trader

    Founded in 2009 · Verified Jun 1, 2026

    Full RoboForex details →

Country context

Regulator
CMVM · Comissão do Mercado de Valores Mobiliários — supervises capital markets and broker-dealers; the Banco de Portugal handles banking and prudential matters
Currency
EUR
Payment methods
SEPAMultibancoMB WAYVisa
Tax

Capital gains on financial instruments are taxed at a flat 28% for residents on most asset categories. Cryptocurrency capital gains are taxed at 28% if held under one year (introduced 2023). Foreign brokers do not act as withholding agents; income is self-declared via the AT (Autoridade Tributária) annual return. The IFICI (formerly NHR) regime offers reduced rates for newly arrived non-habitual residents.

Retail trading rules

ESMA leverage caps apply (1:30 majors, 1:20 minors and gold, lower for other CFDs). Negative balance protection is mandatory. CMVM publishes a public warnings list for unauthorised entities targeting Portuguese residents; coordination with peer EU regulators on cross-border CFD/FX enforcement is active.

Frequently asked

Which brokers accept residents of Portugal?+

6 of 8 brokers in our ranking accept Portugal: FxPro, Tickmill, Deriv, AvaTrade, XM Group.

Who regulates brokers for Portugal?+

Primary regulator: CMVM — Comissão do Mercado de Valores Mobiliários — supervises capital markets and broker-dealers; the Banco de Portugal handles banking and prudential matters.

What payment methods are available?+

Common methods: SEPA, Multibanco, MB WAY, Visa.

What are the tax rules for trading in Portugal?+

Capital gains on financial instruments are taxed at a flat 28% for residents on most asset categories. Cryptocurrency capital gains are taxed at 28% if held under one year (introduced 2023). Foreign brokers do not act as withholding agents; income is self-declared via the AT (Autoridade Tributária) annual return. The IFICI (formerly NHR) regime offers reduced rates for newly arrived non-habitual residents.

Scope of coverage

Brokers tracked
14
Regulators indexed
55
Regulator actions logged
2
Latest pricing verification
Jun 1, 2026

Pricing and licensing status refresh weekly; the ranking is reviewed quarterly.