A Czech koruna (CZK) account is a trading account denominated in the Czech Republic’s currency. They are popular with Czech traders, allowing account holders to deposit, trade and withdraw in their local currency while helping to minimize conversion fees.
Discover the best brokers that offer accounts denominated in CZK following our extensive tests.
Best Brokers With CZK Accounts
Our findings show these are the 2 top trading platforms with CZK accounts:
-
- Demo account
- Regulator: FCA, CySEC, FSCA, BVI FSC
- Platforms: MT4, MT5, AutoChartist, TradingCentral
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- Demo account
- Regulator: FCA, BVIFSC
- Platforms: MT4
Learn how we test brokers and why you can trust our ratings.
Here is a short overview of each broker's pros and cons
- IronFX 3.8/5 IronFX is a multi-regulated forex and CFD broker founded in 2010. This award-winning firm offers 500+ markets to over 1.5 million clients across 180 countries. Traders can access various account types with competitive pricing on the MT4 platform, as well as 24/5 customer support in 30 languages.
- FXGiants 3.0/5 FXGiants is a global CFD broker with FCA regulation and hundreds of products available with STP or ECN execution. We like that the broker boasts several useful features, supporting always-on, ultra-fast automation via its dedicated fibre-optic VPS.
Brokers With CZK Accounts Comparison
| Broker | Minimum Deposit | Markets | Regulator |
|---|---|---|---|
| IronFX | $100 | Forex, Indices, Shares, Futures, Commodities, Metals (all CFDs) | FCA, CySEC, FSCA, BVI FSC |
| FXGiants | $100 | Forex, CFDs, indices, shares, commodities, futures | FCA, BVIFSC |
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| IronFX | 724 | ||||
| FXGiants | - | 151 |
IronFX
IronFX remains a good choice for experienced forex traders looking to trade with fixed or floating spreads. The range of 80+ currencies is more than many competitors and there are some excellent forex market research tools on offer.
Tobias Robinson, Reviewer
IronFX quick facts
- Demo Account
- ✔Yes
- Instruments
- Forex, Indices, Shares, Futures, Commodities, Metals (all CFDs)
- Regulator
- FCA, CySEC, FSCA, BVI FSC
- Platforms
- MT4, MT5, AutoChartist, TradingCentral
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, AUD, JPY, PLN, CZK
Pros
- Alongside MT4, the broker continues to offer several additional services, including copy trading, a VPS solution, and PAMM/MAM accounts
- Fixed and floating spread accounts are available, making IronFX a good choice for both beginners and experienced traders
- Traders get access to the popular Trading Central research tool, which offers automated AI analytics and 24/7 support
Cons
- Compared to the leading brokers, IronFX offers a relatively small selection of share CFDs
- The offshore BVI entity brings with it lower regulator mandated safeguards and oversight
- It’s a shame that the broker doesn’t offer TradingView to give experienced traders more choice
FXGiants
FXGiants is best suited to retail investors looking to trade a wide range of stocks with STP/ECN execution and the charts and algo trading tools of MT4.
William Berg, Reviewer
FXGiants quick facts
- Demo Account
- ✔Yes
- Instruments
- Forex, CFDs, indices, shares, commodities, futures
- Regulator
- FCA, BVIFSC
- Platforms
- MT4
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, SEK, CHF, PLN, CZK
Pros
- FXGiants caters to all client types with both STP and ECN account choices and several hundred investment products
- Users can launch MetaTrader 4, PAMM management systems, automation developers and private servers
- Zero spreads on some account types cater to day traders
Cons
- Traders seeking cryptocurrencies will need to look to other brokers
- Beyond automation functions, FXGiants does not offer many additional features to maximize the client experience
- FXGiants is part of the same corporate structure as IronFX - a broker that's faced withdrawal and other complaints
How Did We Choose The Best Brokers?
To list the top trading platforms with CZK accounts we:
- Used our database comprising 143 brokers and trading platforms
- Identified all those providing an account denominated in Czech koruna
- Sorted them by their rating, blending 100+ data entries with the direct experiences of our experts
What Is A CZK Account?
A CZK account is a trading account where the base currency is denominated in the Czech koruna.
All trades (opening and closing positions) and non-trading transactions (deposits and withdrawals) are conducted in CZK.
Below you can see an example where I opened a CZK-based trading account at IronFX.
Do I Need A CZK Trading Account?
This type of account may be suitable if:
- You live in the Czech Republic and earn or save in the CZK because it’s cost-effective to have a trading account in the same currency.
- You trade currency pairs with a CZK component, for example, the EUR/CZK and USD/CZK, because it simplifies calculating profits and losses.
- You trade Czech stocks listed on the Prague Stock Exchange because they could help you avoid frequent conversion costs.
How Can I Check If A Broker Offers An Account In Czech Koruna?
Follow these simple steps, which we used to verify that every one of our recommended brokers offers a CZK account:
- Navigate to the account options page on the broker’s website to see if there’s a list of ‘base currencies’ or similar.
- Check that ‘CZK’ is listed as a supported account currency for your location.
- Sign up for a live or demo account and click ‘CZK’ as your preferred currency.
Pros & Cons Of CZK Trading Accounts
Pros
- Brokers with koruna accounts are more likely to tailor their trading services to Czech traders in other ways, for example, providing stocks listed on the Prague Stock Exchange (PSE) and forex pairs containing the CZK, such as EUR/CZK.
- They reduce/eliminate currency conversion fees on koruna deposits, whereas if you deposited koruna into an IG trading account based in US Dollars, for example, you would be charged a 0.8% FX conversion fee in addition to the current exchange rate from multiple banks.
- Our analysis shows brokers with CZK accounts are often authorized by a European regulator that complies with the EU MiFID directive, providing excellent safeguards for retail traders across Europe, including the Czech Republic, notably negative balance protection.
- For Czech traders, especially day traders, being able to manage many trades and navigate frequent costs is more convenient when everything is based in the currency you are familiar with.
Cons
- Despite a rising number of platforms supporting CZK accounts, they remain relatively rare (less than 10% of the brokers we’ve tested), reducing the pool of high-quality brokers to choose from.
- Although the CZK is a relatively stable currency, in part because of its strong economic ties with Europe, holding funds in the currency may expose you to any fluctuations in the koruna following geopolitical pressures in the Czech Republic.
- The Czech koruna exhibits lower trading volumes than major currencies like the USD and EUR, so investors trading CZK with other currencies may incur higher spreads.
- Active traders dealing in overseas assets, such as US stocks, may need to pay a conversion fee if depositing and managing trades in the koruna.
FAQ
Which Is The Best Broker With A CZK Account?
Use our list of the top brokers with CZK accounts to find the platform that best meets your needs.
How Much Does It Cost To Open A Trading Account Based In Czech Koruna?
Our analysis of 143 brokers, including over 10 that offer a CZK account, shows you normally need up to 250 USD (or CZK equivalent).
Article Sources
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