Trading GBP/HUF
The GBP/HUF is an interesting forex instrument that couples two economies that do not use the euro. Historically demonstrating high volatility thanks to the exotic Hungarian forint and a relatively stable base in the pound sterling, traders have the opportunity to expand their portfolio and capitalize on strong price movements, if they can accurately forecast swings.
Read on for a beginner-friendly guide to trading the GBP vs HUF. We also list the best GBP/HUF brokers in 2025.
Best GBP/HUF Brokers
Our latest tests have revealed these 5 brokers as the best for trading GBP/HUF:
Here is a short summary of why we think each broker belongs in this top list:
- InstaTrade - InstaTrade, based in the British Virgin Islands, is an online broker specializing in fixed income structured products and active trading through CFDs. Its zero-spread accounts, excellent research notably through InstaTrade TV, and access to the popular MT4 alongside its own web-accessible InstaTrade Gear, make it an attractive option for short-term traders at every level.
- Pepperstone - Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.
- Fusion Markets - Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps.
- eToro - eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Crypto Trading is offered via eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. CFDs are not available in the US Crypto investments are risky and highly volatile. Tax may apply. Understand the risks here. 61% of retail accounts lose money.
- CMC Markets - Established in 1989, CMC Markets is a respected broker listed on the London Stock Exchange and authorized by several tier-one regulators, including the FCA, ASIC and CIRO. More than 1 million traders from around the world have signed up with the multi-award winning brokerage.
InstaTrade
"Although InstaTrade offers active trading on a comprehensive platform, it stands out with its fairly unique Fixed Income Structured Product (FISP), providing passive investment opportunities with up to 50% returns in 6 months if conditions are met. "
Christian Harris, Reviewer
InstaTrade Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | FISP, CFDs, Forex, Stocks, Indices, Commodities, Cryptos, Futures |
| Regulator | BVI FSC |
| Platforms | InstaTrade Gear, MT4 |
| Minimum Deposit | $1 |
| Minimum Trade | 0.01 |
| Leverage | 1:1000 |
| Account Currencies | USD, EUR, RUB |
| Currency Pairs | AUD/MXN, EUR/AUD, GBP/HUF, GBP/ZAR, USD/INR |
Pros
- InstaTrade claims to "guarantee" returns through the structured element of its passive trading solution (FISP), with applications approved within 24 hours.
- InstaTrade delivers an excellent suite of charting tools for day traders with its web trader comprising 250+ indicators, 11 chart types and a user-friendly design.
- VPS hosting caters to algo trading strategies with a dedicated physical server providing rapid execution speeds as low as 9 milliseconds.
Cons
- InstaTrade’s growing educational tools provide valuable information for aspiring traders, but still trail category leaders like eToro with no structured course based on experience level.
- Profits are only guaranteed in the FISP if investors do not reach the 50% profit level and attract other users with a total sum of $4 for each dollar in compensation.
- InstaTrade sports one of the most cluttered websites and client cabinets in the industry, potentially overwhelming new traders, especially compared to XTB’s intuitive trading journey and resources.
Pepperstone
"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."
Pepperstone Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting |
| Regulator | FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB |
| Platforms | MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower |
| Minimum Deposit | $0 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:30 (Retail), 1:500 (Pro) |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
| Currency Pairs | USD/CNH, EUR/CNH, GBP/CNH, NZD/CNH, EUR/AUD, EUR/SGD, EUR/TRY, EUR/CAD, EUR/GBP, GBP/AUD, GBP/CAD, GBP/HUF, GBP/JPY, NZD/SGD, USD/HKD, USD/INR, USD/SGD, USD/THB |
Pros
- There’s support for a range of industry-leading charting platforms including MT4, MT5, TradingView, and cTrader, catering to various short-term trading styles, including algo trading.
- Pepperstone emerges as a low-cost broker, especially for serious day traders with spreads from 0.0 in the Razor account and rebates up to 30% (index and commodities) and $3/lot (forex) through the Active Trader program.
- Pepperstone boasts impressive execution speeds, averaging around 30ms, facilitating fast order processing and execution that’s ideal for day trading.
Cons
- Pepperstone does not support cTrader Copy, a popular copy trading feature built into the excellent cTrader platform and available at alternatives like IC Markets, though it has introduced an intuitive copy trading app.
- Despite enhancements to its range of markets, crypto offerings are relatively limited compared to other brokers who focus on this area, with no option to invest in real coins.
- Pepperstone’s demo accounts are active for only 30 days, which may not be not long enough to familiarize yourself with the different platforms and test trading strategies.
Fusion Markets
"Fusion Markets is a standout option for forex traders looking for excellent pricing with spreads near zero, industry-low commissions and recently TradingView integration. It’s a particularly good broker for Australian traders where the company is headquartered and regulated by the ASIC."
Fusion Markets Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
| Regulator | ASIC, VFSC, FSA |
| Platforms | MT4, MT5, cTrader, TradingView, DupliTrade |
| Minimum Deposit | $0 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:500 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
| Currency Pairs | USD/CNH, EUR/AUD, EUR/JPY, EUR/SGD, EUR/CAD, EUR/GBP, GBP/AUD, GBP/CAD, GBP/HUF, GBP/JPY, GBP/ZAR, NZD/SGD, USD/HKD, USD/INR, USD/SGD, USD/THB |
Pros
- Fusion Markets offers best-in-class support with very fast, friendly and helpful responses during tests and no frustrating automated chatbot to navigate.
- Fusion Markets continues to impress with its pricing that provides tight spreads with below-average commissions that will appeal to active day traders.
- Fusion Markets is set up to support algo traders with a sponsored VPS solution and a 25% discount if you opt for the NYC Servers VPS for MT4 or cTrader.
Cons
- While the selection of currency pairs trumps most rivals, the broker's alternative investment offering is average with no stock CFDs beyond the US.
- Fusion Market trails alternatives, notably IG, in the education department with limited guides and live video sessions to upskill new traders.
- The demo account expires after 30 days, limiting its potential as a useful trading tool alongside a real-money account.
eToro
"eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers."
eToro Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | Stocks, ETFs, Options, Crypto |
| Regulator | FCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMF |
| Platforms | eToro Web, CopyTrader, TradingCentral |
| Minimum Deposit | $100 |
| Minimum Trade | $10 |
| Leverage | 1:30 EU |
| Account Currencies | USD, EUR, GBP |
| Currency Pairs | EUR/AUD, EUR/JPY, EUR/CAD, EUR/GBP, GBP/AUD, GBP/CAD, GBP/HUF, GBP/JPY, USD/HKD, USD/SGD |
Pros
- There's a comprehensive online training academy with accessible resources, from bitesize articles to comprehensive courses.
- In 2025, eToro stopped including all crypto trading fees within the spread - instead, the same commission is now charged separately and shown as a clear line item, giving active traders more transparency without increasing overall costs.
- Charts are powered by TradingView and offer strong technical analysis features, including 9 chart types and over 100 indicators.
Cons
- There are no guaranteed stop loss orders which would be a useful risk management feature for beginners.
- There are limited contact methods aside from the in-platform live chat.
- The lack of additional charting platforms like MT4 will reduce the appeal for seasoned day traders accustomed to using third-party software.
CMC Markets
"With advanced charting tools and an extensive range of tradable CFDs, including an almost unrivalled selection of currencies and custom indices, CMC Markets provides a fantastic online platform for traders of all levels. "
CMC Markets Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting |
| Regulator | FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA |
| Platforms | Web, MT4, TradingView |
| Minimum Deposit | $0 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:30 (Retail), 1:500 (Pro) |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, SEK, NOK, SGD, PLN |
| Currency Pairs | CNH/JPY, AUD/CNH, EUR/CNH, AUD/MXN, EUR/AUD, EUR/JPY, EUR/SGD, EUR/TRY, EUR/CAD, GBP/HUF, GBP/ZAR, NZD/SGD, USDHKD, USD/SGD |
Pros
- We've bumped up its 'Assets & Markets' rating after almost monthly product additions in early 2025, from extended hours trading on US stocks to new share CFDs.
- The CMC web platform delivers a fantastic user experience with advanced charting tools for day trading and customizable features, catering to both beginners and experienced traders. MT4 (but not MT5) and TradingView (added in 2025) are also supported.
- The brokerage continues to stand out with its wide range of value-add resources, including pattern recognition scanners, webinars, tutorials, news feeds, and research from respected sources like Morningstar.
Cons
- An inactivity fee of $10 per month is applied after 12 months of inactivity, which may deter casual investors.
- Trading stock CFDs incurs a relatively high commission, especially compared to the cheapest brokers like IC Markets.
- The CMC Markets app offers the complete trading package but the design and user experience trails category leaders like eToro.
GBP/HUF Trading Explained
With this pair, the GBP is the base currency, and the HUF is the quote currency. This means that, when given an exchange rate from an online broker or live chart, the value is how many HUF can be bought per 1 GBP.
GBP/HUF Chart
Exotic Pairs
Exotic currency pairs are composed of a major currency and a currency from a developing or emerging economy. In this article, we will explore GBP as the major and HUF as the exotic. These pairs offer opportunities to diversify trading portfolios by moving away from the key players in the forex market.
Exotic pairs are arguably a double-edged sword, offering greater volatility but lower liquidity than major and minor pairs. The greater volatility of smaller markets provides more profit potential, thanks to larger and more sudden price movements, though this can also increase the risk of losses.
The lower liquidity of pairs such as GBP/HUF can also result in slippage, which is when orders fill at a different price from when it was requested.
UK Economy
The British economy is one of the biggest in the world, with the fifth largest nominal GDP sitting at an average of US$2.7 trillion. Its currency, the pound sterling (GBP), is the oldest in the world and is used in the UK and several overseas territories and islands. While the UK temporarily followed the gold standard in the 20th century, it has been a free-floating currency since 1971.
The GBP is the fourth most traded currency in the world, involved in 12.8% of daily FX trade volumes. This provides relatively good levels of liquidity, even for exotic pairs like the GBP/HUF.
The financial services field is the most prominent in the British economy, helping services contribute to 80% of the GDP. The UK is also one of the biggest exporters and importers of goods and services in the world.
Britain’s top trading partners are the USA, Switzerland and Germany.
The Bank of England (BoE) is responsible for managing the pound sterling’s interest rates and monetary policies.
Hungarian Economy
The second economy directly linked to the GBP/HUF FX pair, the Hungarian economy is much smaller, producing a nominal GDP of US$155 billion.
Although Hungary is a member of the EU, it has not joined the eurozone and instead manages its own currency, the Hungarian forint (HUF). The forint was introduced in 1946, after the Second World War, and was pegged to the price of gold until 2008, when it became free-floating.
Hungary’s GDP is mainly divided between 56.64% in services, followed by 24.52% in industry, and then 3.38% in agriculture. The economy places a large emphasis on foreign trade, with a high trade surplus of more than US$6.5 billion every year. Its top yearly averages in exports are refined petroleum at US$1.5 billion, petroleum gas at US$798 million, and corn at US$798 million.
Similar to the Bank of England with the GBP, HUF policies are implemented and managed by the Hungarian National Bank (HNB). Although the inflation target was 3% in the past, in recent months this has reached 11.7%. By comparison, the BoE in the UK is expecting inflation to rise to 11% in 2022. From this perspective, the two economies are facing similar challenges.
GBP/HUF Exchange Rate History
Looking at graphs over the last 14 years, the trend for GBP/HUF has been positive since the Hungarian forint became free-floating in 2008. However, charts and diagrams also indicate a slowly weakening forint compared to the pound sterling.
On the GBP/HUF 10-year chart (2012-2022), the all-time high was set at 490 on the 12th of July 2022 and the all-time low at 249.58 on the 2nd of May 2016.
Factors Affecting GBP/HUF
Forex pairs are complicated instruments, with many different factors capable of causing changes in exchange rates and forecasts. Some of the most important tools for making comparisons are:
- Economic growth – The health and performance of an economy is directly linked to the performance of its currency. GDP graphs are a simple, widely used indicator of economic health that can be tracked to judge changes in GBP/HUF exchange rates. If the UK’s economy continues to grow, for example, then the price of the pair will likely continue to rise.
- Inflation – All economies are subject to inflation, and when a currency inflates, its strength relative to other currencies must decrease to reflect a balance in prices for goods and services. Look out for Consumer Price Index (CPI) reports from each country and compare each level to gauge whether one economy has strengthened or weakened next to the other. In 2022, inflation rates are estimated to increase to 11% for the UK and to 11.8% for Hungary.
- Monetary policy – Large differences in monetary policy between two currencies provides room for speculation on exchange rates, which can raise volatility. This could give an already volatile exotic pair like GBP/HUF even more profit potential, as well as a greater risk of losses.
- Other economic releases – There are many economic reports released each year by governments, such as consumer confidence, balance of payments and industrial production figures. Many experts attempt to predict the outcome of such reports, and the level to which these are correct or wrong often results in market changes.
GBP/HUF Trading Tips
When To Trade
Ensuring you trade at the right time is particularly important with exotic FX pairs like GBP/HUF. Its rate may seem favorable at a certain point but investing when liquidity levels are low and spreads are high can greatly mitigate profits, and sometimes even remove them.
The best time to invest in GBP/HUF is arguably during the overlap between the London Stock Exchange session and the Budapest Stock Exchange session, which occurs between 08:00 GMT and 16:00 GMT. This is when trading volume is highest, spreads are lowest and slippage is least likely to occur.
Where To Trade
Given the low trading volumes of exotic currency pairs, some brokers either do not offer them at all or offer poor spreads. If you intend to trade GBP/HUF, check that your forex broker offers the pair, and with a competitive spread, preferably before opening an account.
Final Word On Trading GBP/HUF
Trading the GBP/HUF is an interesting opportunity that can provide investors with greater volatility and profit potential than the standard major and minor pairs. This can also increase the risks of loss, so be sure to refine your trading strategy, assess current events and analyze economic releases before investing. Real-time charts and exchange rate history are also key tools when making GBP/HUF predictions.
FAQ
What Is The GBP/HUF Conversion Rate?
The current spot rate shows how many HUF converts to 1 GBP. This can be used as a converter by multiplying the number of pounds you want to sell for HUF or dividing your HUF to buy GBP. See our live chart above for the current exchange rate.
Will The Hungarian Forint Get Stronger In 2025?
The forecast for the GBP/HUF currency pair depends on several factors, including inflation rates as both economies are recovering from events like the war in Ukraine. Other economic factors must also be considered. For example, a simple prediction could be that, given the Hungarian inflation target is higher than the UK’s, the forint may continue to weaken, however, there are other influences at play.
Will Hungary Join The European Monetary Union?
Hungary is currently preparing to adopt the euro and become a member of the EMU. However, there is currently no target date for the event and the forint is not yet within the exchange rate mechanism (ERM II).
How Can I Forecast The GBP/HUF Exchange Rate?
There is no end to forex trading strategies and data available online that can help predict exchange rates. On top of government-released statistics, graphs and diagrams, you should look over historical charts and consider current events to formulate your predictions or reassure yourself of a selected strategy.
GBP Vs HUF, Which Is The Stronger Currency?
Looking at the history of 1 GBP into HUF, the pound is significantly stronger. Since 2017, the forint has been weakening against the pound. In fact, July 2022 marks an all-time high for the pair.