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 2026.
Best GBP/HUF Brokers
Our latest tests have revealed these 6 brokers as the best for trading GBP/HUF:
-
- Demo account
- Min. deposit: $0
- Min. trade: 0.01 Lots
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- Demo account
- Min. deposit: $0
- Min. trade: 0.01 Lots
73-89% of retail investor accounts lose money when trading CFDs -
- Demo account
- Regulator: ASIC, VFSC, FSA
- Platforms: MT4, MT5, cTrader, TradingView, DupliTrade
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- Demo account
- Platforms: eToro Web, CopyTrader, TradingCentral
- Min. deposit: $50
61% of retail CFD accounts lose money. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. -
- Demo account
- Regulator: FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA
- Platforms: Web, MT4, MT5, TradingView
69% of retail CFD accounts lose money. -
- Demo account
- Regulator: FCA, ASIC, CySEC, SCA, SCB, CMA-Kenya
- Platforms: Web Platform, MT4, TradingView
Learn how we test brokers and why you can trust our ratings.
This is why we think these brokers are the best in this category in 2026:
- IG 4.8/5 Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers a top-tier selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
- Pepperstone 4.8/5 Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 830,000 clients worldwide. It offers access to 1,400+ 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, helping to ensure a secure environment for day traders at all levels.
- Fusion Markets 4.6/5 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 4.0/5 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 investments are risky and may not suit retail investors. You could lose your entire investment. Understand the risks here. 61% of retail CFD accounts lose money.
- CMC Markets 4.7/5 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.
- Capital.com 4.0/5 Established in 2016, Capital.com initially focused on CFDs across forex, indices, stocks, commodities, and crypto, aimed squarely at active traders. Over the years it has added more instruments, obtained multiple regulatory licenses, improved its charting tools, and introduced an 1X account that lets you trade without using margin (borrowed funds), now catering to a diverse mix of traders worldwide.
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 |
|---|---|---|---|---|---|
| IG | 10135 | ||||
| Pepperstone | 3666 | ||||
| Fusion Markets | 9999 | ||||
| eToro | 32195 | ||||
| CMC Markets | 3502 | ||||
| Capital.com | 15184 |
IG
IG continues to provide a comprehensive package with an intuitive web platform, best-in-class education for beginners, advanced charting tools bolstered by its recent TradingView integration, real-time data, and robust trade execution for experienced day traders.
Christian Harris, Reviewer
IG quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only)
- Regulator
- CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA
- Platforms
- Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD
- Currency Pairs
- USD/CNH, EUR/AUD, EUR/JPY, EUR/SGD, EUR/TRY, EUR/CAD, EUR/GBP, GBP/AUD, GBP/CAD, GBP/HUF, GBP/INR, GBP/JPY, GBP/ZAR, USD/HKD, USD/INR, USD/MYR, USD/SGD, USD/THB
Pros
- IG obtained a crypto asset license from the FCA, allowing it to re-enter the UK market to provide buying, selling and storing opportunities on 55+ digital tokens with fees from 1.49%, and all within an FCA-licensed environment.
- IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis.
- The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met.
Cons
- IG applies an inactivity fee of $12-$18 per month after 2 years, deterring casual investors.
- IG has discontinued its swap-free account, reducing its appeal to Islamic traders.
- Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges.
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 24/5 support (18h a day on weekends).
Christian Harris, Reviewer
Pepperstone quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto CFDs, Spread Betting
- Regulator
- FCA, ASIC, CySEC, BaFin, DFSA, SCA, SCB, CMA-Kenya
- Platforms
- Pepperstone Trading Platform, MT4, MT5, cTrader, TradingView
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
- Currency Pairs
- USD/CHF, USD/JPY, 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
- Offers a dedicated CopyTrading app for traders who want a less active approach to trading, available in some countries.
- After adding spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools for financial spread bettors in supported countries.
- Pepperstone has started providing trading in pre-IPO perpetual futures like SpaceX (SPCX.US-PERP) in select regions, such as the UAE.
Cons
- Overnight holding fees are higher than that found with some Market Maker brokers (usually Benchmark + 2.5%). This makes pepperstone an ideal broker for day traders and forex scalpers but less suitable for swing traders who often keep position open overnight.
- Pepperstone has removed support for several tools that elevated the trading experience for active retail traders, notably Autochartist, Capitalise.ai and a free VPS for qualifying traders (now only pro traders in some countries).
- Despite improvements to its range of markets, crypto CFD offerings are still fairly limited compared to other brokers who focus on this area, such as Eightcap, and there's no option to invest in real coins.
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.
Jemma Grist, Reviewer
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
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
- Currency Pairs
- USD/CHF, 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 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.
- Fusion Markets continues to impress with its pricing that provides tight spreads with below-average commissions that will appeal to active day traders.
- The range of charting platforms and social trading features is excellent, with MT4, MT5, cTrader and more recently TradingView, catering to a wide range of trader preferences.
Cons
- Fusion Market trails alternatives, notably IG, in the education department with limited guides and live video sessions to upskill new traders.
- There is no proprietary trading platform or app built with beginners in mind, a notable drawback compared to AvaTrade.
- While the selection of currency pairs trumps most rivals, the broker's alternative investment offering is average with no stock CFDs beyond the US.
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.
Christian Harris, Reviewer
eToro quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs
- Regulator
- FCA, CySEC, MiCA, MFSA, FSRA, ASIC, FSAS, MAS, GFSC
- Platforms
- eToro Web, CopyTrader, TradingCentral
- Minimum Deposit
- $50
- Minimum Trade
- $10
- Account Currencies
- USD, EUR, GBP, AUD, DKK
- Currency Pairs
- USD/JPY, EUR/AUD, EUR/JPY, EUR/CAD, EUR/GBP, GBP/AUD, GBP/CAD, GBP/HUF, GBP/JPY, USD/HKD, USD/SGD
Pros
- eToro introduced EUR and GBP accounts, and more recently BTC and ETH payments, cutting conversion fees and providing a localized trading experience.
- There's a comprehensive online training academy with accessible resources, from bitesize articles to comprehensive courses.
- eToro picked up second place in DayTrading.com's 'Best Crypto Broker' for 2025 with its huge range of tokens, reliable service and competitive fees.
Cons
- There is a $30 minimum withdrawal amount and a $5 fee, which will affect novices with low capital.
- There are no guaranteed stop loss orders which would be a useful risk management feature for beginners.
- 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.
Christian Harris, Reviewer
CMC Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting, Certificates and Warrants (Germany and Austria)
- Regulator
- FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA
- Platforms
- Web, MT4, MT5, TradingView
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, SEK, NOK, SGD, PLN
- Currency Pairs
- USD/CHF, USD/JPY, 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, GBP/CAD
Pros
- 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, MT5 and TradingView (added in 2025) are also supported.
- We've bumped up its 'Assets & Markets' rating after almost monthly product additions in 2025 and 2026, from extended hours trading on 5,000+ US stocks and ETFs to new share CFDs and certificates and warrants, plus fractional shares in some regions.
- CMC offers excellent pricing, including tight spreads and low trading fees for all but stock CFDs. The Alpha and Price+ schemes also offer perks for active traders with up to 40% discounts on spreads.
Cons
- The CMC Markets app offers the complete trading package but the design and user experience trails category leaders like eToro.
- Despite improvements, the web platform still requires enhancements to make it as intuitive to trade on as software from rivals like IG.
- An inactivity fee of $15 per month is applied after 12 months of inactivity, which may deter casual investors.
Capital.com
Capital.com is a great match for day traders with its thousands of CFDs, SmartFeed providing tailored market updates, and TradingView charts for advanced technical indicators paired with Capital.com’s fast and reliable order execution.
Christian Harris, Reviewer
Capital.com quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs on Forex, Stocks, Indices, Commodities, ETFs, Crypto
- Regulator
- FCA, ASIC, CySEC, SCA, SCB, CMA-Kenya
- Platforms
- Web Platform, MT4, TradingView
- Minimum Deposit
- $20
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, AUD, SEK, NOK, DKK, CHF, HKD, PLN, CZK, AED, HUF, MXN
- Currency Pairs
- AUD/CAD, AUD/CHF, AUD/CNH, AUD/HKD, AUD/JPY, AUD/MXN, AUD/NZD, AUD/PLN, AUD/TRY, AUD/USD, CAD/CHF, CAD/HKD, CAD/JPY, CAD/NOK, CAD/PLN, CAD/TRY, CAD/ZAR, CHF/CNH, CHF/CZK, CHF/DKK, CHF/JPY, CHF/MXN, CHF/NOK, CHF/PLN, CHF/SEK, CHF/SGD, CHF/ZAR, CNH/HKD, CNH/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/CZK, EUR/DKK, EUR/GBP, EUR/HKD, EUR/HUF, EUR/JPY, EUR/MXN, EUR/NOK, EUR/NZD, EUR/SEK, EUR/SGD, EUR/TRY, EUR/USD, EUR/ZAR, GBP/AUD, GBP/CAD, GBP/CHF, GBP/CZK, GBP/CNH, GBP/DKK, GBP/HKD, GBP/HUF, GBP/JPY, GBP/MXN, GBP/NOK, GBP/NZD, GBP/PLN, GBP/SEK, GBP/SGD, GBP/TRY, GBP/USD, HKD/MXN, HKD/SEK, HKD/TRY, MXN/JPY, NOK/DKK, NOK/JPY, NOK/SEK, NOK/SEK, NOK/SEK, NZD/CAD, NZD/CHF, NZD/CNH, NZD/HKD, NZD/JPY, NZD/MXN, NZD/PLN, NZD/SEK, NZD/SGD, NZD/USD, PLN/JPY, PLN/TRY, SEK/JPY, SEK/MXN, SEK/TRY, SGD/HKD, SGD/JPY, TRY/JPY, USD/BRL, USD/CAD, USD/CNH, USD/CHF, USD/CZK, USD/DKK, USD/HKD, USD/HUF, USD/INR, USD/KRW, USD/MXN, USD/NOK, USD/PLN, USD/SEK, USD/SGD, USD/TWD, USD/TRY, USD/JPY, USD/ZAR, ZAR/JPY
Pros
- Capital.com’s SmartFeed curates news and market updates tailored to your watchlist and trading style. This proactive feature helps day traders stay on top of relevant events without feeling overwhelmed by generic market noise.
- Traders who prefer robust charting can connect their Capital.com account directly to TradingView. This lets you use TradingView’s advanced tools and community ideas alongside Capital.com’s execution, blending a popular charting platform with a regulated broker’s access.
- Capital.com enhanced the mobile trading experience in 2026 with an AI assistant, live trading analytics, and a more customizable home screen with cleaner watchlists.
Cons
- Capital.com offers primarily a standard CFD account and a professional account (subject eligibility) with higher leverage, but it lacks ECN/raw spread accounts or tiered pricing, which can limit trading flexibility for high-volume scalpers.
- The broker’s research resources focus on educational content and in-house analysis but do not currently include third-party tools such as Trading Central, Autochartist, sentiment indicators, and professional-level screeners that some top competitors offer.
- While Capital.com supports MT4, it lacks MT5 integration, limiting access to advanced trading features, including additional timeframes, indicators, and order types.
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 2026?
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.