Best forex broker uk

Deposit: $50 leverage: 1:50 many brokers offer a no deposit, or a first deposit bonus to all new players, and some have few more regular bonuses which can be highly beneficial.

Top forex brokers in UK for forex trading

Britain has a long and proud history of trade and currency exchange. Known as a nation of merchants, the brits have always seen trade as a way to increase their wealth. And currencies are amongst the most traded and most sought after goods in the world. London has been hailed as the financial centre of the world, mostly due to its geo-strategic position and the historical circumstances.

The pound sterling is the oldest currency still in use and it is the fourth most traded currency in the world, after the US dollar, the euro and the japanese yen. It is also a popular reserve currency.

The pound’s value in respect to other currencies fluctuates frequently, and many individuals have gained a significant benefit from these fluctuations. Moreover, the UK has always been regarded as a country with quite liberal legislation and low-rate taxes on trade and investment. Therefore, it is not surprising that forex trading is quite popular with a large number of british citizens.

Deposit: $10 leverage: 1000:1

Deposit: $50 leverage: 1:50

Deposit: $100 leverage: 1:30

Deposit: $50 leverage: 1:1000

Legal framework and the FCA

Forex trading in the UK is in the domain of the financial conduct authority(FCA), the successor of the financial services authority (FSA). The FCA was founded in 2013 and it has an annual budget of over £450 million. The organisation is independent and it isn’t directly responsible to the UK government. Its budget is provided by the membership fees paid by companies which are in the financial services industry. The powers and the role of the FCA is substantial.

It regulates the marketing of financial products and services.

It can investigate individuals and companies, if there are any suspicions of fraudulent or illegal behaviour.

It can ban certain financial products, up to a full year, with the power to enact a permanent ban afterwards.

The FCA can also set the minimum requirements and standards for products and services.

It can also instruct companies to change their promotions and other offers if it finds that they are contradictory or misleading.

Due to the fact that the market is completely regulated and opening an online forex account is easy-peasy, the number of traders in the UK is growing by the minute. Still, the fact that the there is a lot of interest, has always been a magnet for shady characters and companies who try to attract possible traders and convince them that they are legitimate.

The FCA warns UK traders to be aware of unauthorised brokers and avoid such websites by all means. There are companies which offer forex trading and other types of online trading, often offering unrealistically high returns and even guaranteed profits. That alone should ring a bell, as there isn’t anyone who can guarantee that you will make a profit. If you see such a ‘guarantee’, you can practically be certain that the website isn’t legitimate.

Forex brokers that are based in the UK have to be authorised by the FCA. But, there are quite a few websites which claim to be based in the UK, and even provide a UK address, usually a posh london postcode to make it seem like they’re based in the city of london. The reality is that many of those companies have nothing to do with the UK and aren’t actually registered at the address that they claim to be.

Such companies often offer better exchange rates than most of their competitors and many customers initially make some hefty profits. But afterwards, they experience unpleasant things, like account suspension and closure and by the time they want to complain and address the issue, they realise that the company wasn’t even legally allowed to offer forex trading in the first place.

By then it is usually too late. The FCA makes attempts to identify and then prevent such websites from offering trading services to UK citizens. In many cases the fraudsters will use the name and the registration number of actual certified brokers in an attempt to convince potential traders. If you suspect anything contact the FCA immediately. That is the first step for every UK trader before they start trading forex – make sure that the company is registered with the FCA.

Forex trading offer

Checking the legal status of the forex broker is the essential and the very first thing that you should do when choosing a broker, but definitely not the only one. There are few other things that you should take into consideration, especially regarding the trading offer.

Currency pairs

Leverage

Spread

The more currency pairs a broker offers, the better. Even if you plan on sticking to the major currency pairs, or restrict yourself to pairs which include the UK pound, it is still good to have a choice if you decide to, so to say, broaden your trading horizons.

Some forex traders offer more than 30, and sometimes even up to 60 different currency pairs, which means that it would be hard to find a pair of currencies that are even remotely important that aren’t traded. Typically, better spreads are offered on major currencies as they are the most traded ones, but if you think you know and understand the movements of less influential currencies you can make a solid profit.

Unlike some other countries, most notably the US, where there is a limit on the leverage that the brokers can offer, in the UK, forex traders are allowed to offer pretty high leverage and for some pairs it can even reach 1000:1. This will allow you to trade amounts worth up to £100,000, with an initial capital of just £100.

Higher leverage allows you to increase your profits significantly, but you also may suffer severe losses. Make sure that you understand how leverage works and always be prepared to act quickly in order to prevent further losses if you see that things aren’t working out well. Remember that you can, but you don’t have to use high leverage rates when you’re trading.

Most forex brokers, or at least the ones that want to stay competitive and attract as many traders as possible don’t charge any fees or commissions on trade deals. Instead, they earn their profit through the spread, which, as you probably know is the difference between the buying and the selling price for a particular pair.

A tighter spread means that there is a bigger opportunity for traders to earn more money and minimise their losses. Leading forex brokers offer quite competitive spreads, as they are aware that traders can compare the spreads that are offered by different websites and always choose the ones that offer more competitive ones. As a trader, you are not prohibited from having accounts at more than one forex broker, therefore you can trade one currency pair with one broker and another with someone else, depending on the spreads that they offer.

Other important aspects

In addition to the most important aspects which include the licencing, as well as the specifics of the trading offer, there are other things which every trader should consider before choosing the most suitable UK forex broker. These things may seem unimportant, and perhaps they are less important compared to the offered pairs and the licence which are quintessential, but the following are also significant.

Trading platforms

Bonuses

Payment methods

Customer support

Learning resources

Most brokers offer more than one trading platform. In addition to being able to trade on your mobile device, you may also have access to an advanced platform which includes more interesting trade features and options aimed at more experienced traders.

Many brokers offer a no deposit, or a first deposit bonus to all new players, and some have few more regular bonuses which can be highly beneficial.

A confirmed FCA authorisation is a sign that the broker offers secure financial transactions, but there are differences in terms of the number of accepted methods and the speed at which the transactions are processed. Some brokers charge fees on deposits made via some of the accepted methods.

Traders want to know that should any problems arise they will be able to get all the necessary help and assistance. Customer support is usually provided via phone, email and live chat.

Last but not least, most reliable and respected brokers give you an opportunity to learn more and get better and trading, via a range of learning materials, including videos, e-books, webinars and other useful tools.

The financial conduct authority is in charge of regulating various branches of the financial industry, including retail forex trading. This independent body has an official remit and a range of tools at its disposal.

No, you are also able to trade a vast range of other currency pairs, even so called exotic currency pairs which don’t include any of the major or influential currencies.

Unlike the US market, where there are restrictions on the leverage, UK brokers offer trading at pretty high levels of leverage, often up to 1000:1.

Most, if not all, reliable UK forex brokers don’t charge any fees on forex trading, they make their profits through the spread.

The trading market hours depend on the currency pairs that you want to trade. Different markets open and close during different hours of the day. You will have at least a few trading options at any time of the day, during working days. The markets are closed on saturdays and sundays.

Best forex brokers for UK traders [updated for 2021]

At forex trading hub, our goal is helping investors find the best forex brokers in the UK. Our team of financial analysts has created an in-depth forex guide packed with information that everyone in this field should know. British traders can find all the necessary information that they need to start trading forex.

Read on to discover the fundamental concepts of trading, such as currency pairs, cfds, cryptos and how to choose the best forex trading platforms in the UK.

Forex trading for dummies

Foreign exchange or forex is the market where currency pairs are traded. Currencies are a crucial part of the financial market and our well-being depends on it more than we might expect. But is forex trading worth it?

The short answer is yes.

Businesses need to exchange currencies to do transactions with foreign companies. For example, a UK based wine company that uses grapes from france to manufacture their products will have to pay for it in EUR. Therefore, the wine business owner will need to exchange the equivalent value of GBP to EUR to buy the grapes.

Another day-to-day forex trading example is travelling abroad. A british tourist in japan won’t be able to pay GBP to visit osaka castle, because it is not a locally accepted currency. Thus, the tourist will have to exchange their british pounds to japanese yens in order to make any transaction during their stay in japan.

The forex trading market is open 24 hours a day, for five and a half days a week. Trading forex isn’t made on a centralized exchange but rather made electronically between traders through computer networks. Currency trading happens in the major financial institutions of New york, london, zurich, hong kong, tokyo, frankfort, paris, sydney and singapore, across all available time zones.

For instance, when the U.S. Trading day ends, the forex market opens in hong kong and tokyo. So, the foreign exchange market is active at any time of the day, and price quotes change continually, based on the current time zone.

Prior to the informational age, forex trading was nearly impossible for individual investors, as it required a lot of capital. Back in the day, only hedge funds, multinational corporations, or extremely rich individuals had access to this type of investment.

Nowadays, through the use of the internet, anyone can easily access the foreign exchange markets through top forex brokerage trading websites. These online-based companies offer their clients the possibility to trade with high leverage, meaning that they can control a large position with a smaller account balance.

Guidelines for finding the best forex broker

At forextradinghub, we review and rank all the forex trading platforms based on a wide variety of factors. To make things easier for traders, we’ve created a list of the key components that they should always take into consideration when choosing the best forex brokers:

Trading platform features

The most important factor in choosing a broker is the trading platform. It is crucial that the platform has a user-friendly interface, widgets, charting tools, robots, and other features like a news feed or economic calendar that will enhance the trading experience.

Mobile compatibility is another factor that many british traders consider important. Most brands have mobile apps that are available on both android and ios. Investors should check in advance if the forex trading mobile app offers the same features that can be found on the desktop version.

Trading fees and commissions

Most forex brokers will charge spreads, commissions, overnight fees that can lower the profit potential. When choosing a trading platform, investors should make sure that these fees are as low as possible. These costs can pile up quickly, especially for high-frequency trading.

Additionally, there are other non-trading fees, like those for inactivity or withdrawal that must be taken into consideration. Even though these fees aren’t usually high, they are an extra drain on the trader’s balance.

Product portfolio

Prospective clients should check if the broker has the financial assets that they are willing to trade. Most trading platforms have the essential assets available, like major currency pairs or blue-chip stocks. However, those that want to trade more exotic assets, like the thai baht, should double-check the availability of the desired assets.

Customer support

Customer service is an important part of trading platforms. British traders should check if the customer care agents are available 24/7 or not and the channels through which they can be reached. Usually, trading platform customer service can be contacted via live chat, phone support or email.

Licenses and regulation

A crucial factor for deciding on the best trading platform is if it is regulated by the leading authorities in the industry, like the FCA, cysec or ASIC. This ensures that the traders are making transactions in a safe environment and that their money is deposited in segregated accounts.

Payment methods available

Trading platform deposit and withdrawal methods are essential for british investors because it’s the way through which they can fund their account. Traders should check if the forex broker has the banking method they are using available.

The most common broker payment methods are:

Bank wire transfer

Credit / debit card (visa and mastercard)

E-wallet (paypal, neteller, etc.)

Bitcoin or etherum

Third-party integrations

Advanced traders might want to use a third-party trading tool, like metatrader 4. While most brokers allow investors to execute trades using an external trading platform, it’s a great idea to check if integration with advanced software is available.

Educational resources and demo account

Forex trading beginners need to have access to thorough educational resources, like trading basics or how to use the broker platform. The forex trading demo account is a great way for investors to test the platform in advance and decide if it suits their needs.

Tradable assets

In online trading, the assets are usually cfds, which stands for contract for differences . In a nutshell, a CFD is a financial contract that pays traders the difference in price between the moment the investor opens and closes the trade. CFD trading allows clients to trade on the rise or fall of the prices of financial assets.

The most popular CFD trades are made with:

Stocks – also known as equity, a stock is a financial instrument that represents a small portion of a company. Traders can speculate changes in the price of a stock based on news. For example, when apple releases a new iphone model, the stock’s value is likely to go up, because investors trust the product, so they will purchase more shares.

Indices – indices traders speculate the price change of stock indexes, like dow jones, FTSE100 or S&P 500. Essentially, these indexes are baskets of individual company shares that are ranked by major banks or financial institutions like deutsche borse or the FTSE group.

Commodities – a commodity is a basic good that is interchangeable with other similar goods (like gold, silver, or crude oil). They are often used as base products for the creation of other goods or services. Commodities have full fungibility, which means that their value remains the same regardless of the supplier.

Currency pairs – a currency pair is a quote of two different currencies. The value of one of the currencies is quoted against the other. For example, in the GBP/USD pair, the british pound is the base currency, and the USD is the quote currency.

Cryptocurrency – a digital currency that is encrypted, meaning that it’s impossible to counterfeit. The majority of cryptos are decentralized networks that operate based on blockchain technology.

Which currencies trade on forex?

Majors

The majority of investors that are part of the international forex day trading community focus their trades on the seven most liquid currency pairs on the market.

First of all, we have four major currency pairs:

EUR/USD (euro / dollar)

GBP/USD (great britain pound / dollar)

USD/JPY (dollar / japanese yen)

USD/CHF (dollar / swiss franc)

Additionally, there are three emerging currency pairs:

USD/CAD (dollar / canadian dollar)

AUD/USD (australian dollar / dollar)

NZD/USD (new zealand dollar / dollar)

These pairs and the wide variety of other combinations account for nearly 95% of the total of speculative trading and retail forex markets . Still, the US dollar is the widespread currency in the majors. The reason behind it is that USD is the world’s largest currency reserve and it accounts for 88% of all currency trades.

Minors

Currency pairs that don’t include USD are commonly known as minor currency pairs. The most popular minor pairs among traders include currencies like euro, japanese yen or the british pound, like:

EUR/GBP (euro / great britain pound)

GBP/JPY (great britain pound / japanese yen)

GBP/CAD (great britain pound / canadian dollar)

NZD/JPY (new zealand dollar / japanese yen)

CHF/JPY (swiss franc / japanese yen)

Additionally, there is a variety of exotic currency pairs, like the swedish or norwegian krone, turkish lira, or the thai baht. Traders should take into consideration that the majority of these pairs are from developing countries, meaning that they come with an increased level of risk and high volatility.

There is no such thing as “the best forex pair”. Instead, traders should make investments based on their experience. Trading forex beginners should stick to the majors and minors because they come with lower spreads and it’s easier to find opportunities in the market.

Of course, we’re not entirely excluding exotic pairs, but the truth is that they are more difficult to work with, as their liquidity is low and the spreads are below average.

Forex trading glossary

Below, we’ve listed the most important definitions in the forex trading world, that will come in handy, especially for those that are just getting started:

What is bid, ask, and spread?

Forex quotes are announced with two prices: bid and ask. Generally, the bid is lower than the ask price.

The bid is the price at which the forex broker is buying the base currency , in exchange for the quote currency. The bid is the best price at which traders can sell on the market.

The ask price (also known as offer price ) is the value at which the broker will sell the base currency in exchange for the quote currency. So, the ask price is the best price at which an investor can buy from the market.

The spread is the difference between the bid and the ask price.

In the EUR/USD quote in the image above, the bid is 1.16216 and the ask is 1.16221. So, traders can buy EUR at 1.16221 and sell EUR at 1.16216.

Flat or square

In the forex world, being flat or square means that a trader has no open position. Closing a position is often referred to as “ squaring up ”

Trading forex with leverage

Leverage allows traders to multiply the outcome of their investments without having the entire amount required for opening the position. Essentially, investors use leverage to get higher returns with fewer resources.

Using leverage is a double-edged sword. If the trade goes well, the return will be much higher than the initial investment. However, the same can happen to the losses, if the trader’s prediction is wrong.

The main reason why people are more attracted to forex trading is that they can get higher leverage (up to 30:1 for UK traders) than they would with stocks or cryptocurrencies.

A pip is an acronym for percentage in point and it represents the last decimal place of a price quote. Thus, a pip is the equivalent of one-hundredth of 1% or the fourth decimal place.

For instance, the smallest possible move that the GBP/USD currency pair can make is $0.0001 or one pip.

Final thoughts

Currency trading can be very lucrative for experienced investors with long-term goals and serious funds. Trading forex for beginners can be challenging.It is recommended that they choose the best forex brokers and decide which financial assets suit their needs before they start investing.

Below, we’ve prepared a list of the best trading platforms reviews for british investors, with in-depth reviews that will help them decide which forex trading platform is suitable.

4X trading in the united kingdom

4X trading is highly interesting and it is one of the best ways to make money. It remains the most liquid of all the markets in the financial world today. Its liquidity is as high as $6 trillion daily turnovers. You can make money from forex trading quite alright, but it is never a scheme to make you rich overnight. If you want to make money online in the UK, you can venture into forex trading. Everyone is welcome to trade forex. It does not matter where you reside in the world, you can still trade forex successfully. There is also no age limit to forex trading. So long as you are up to 18 years old, you can trade forex in the UK.

Best 4x trading brokers in UK

Money making in forex trading

Forex trading is very popular in the UK. Both beginners and experts can venture into it successfully. The UK is one of the top financial hubs in the world. Studies show that over 405,160 active traders. It is, however, unfortunate that not all those into 4X trading are making a profit from it. If you want to join those making money from forex trading, then you need to learn as much as possible. The forex market is highly dynamic. This is one of the reasons to learn as much as you can about forex trading. As a beginner in forex trading, there are some very important things to always bear in mind. We are going to enlighten you about these things in the remaining part of this write-up. If you are from canada make sure to check out the best forex brokers canada blog.

What is forex?

Forex is an abbreviation for english term “foreign exchange market” and is translated into british as foreign exchange market. The terms currency market and FX market are also used synonymously. Forex is the largest financial market in the world. Its daily trading volume exceeds over $5 trillion everyday.

In the exchange market, traders can purchase and sell foreign currency. The principle is similar to exchanging currency on vacation. Let’s say a vacationer from britain travels to the USA and exchanges 100 pounds for dollars before starting the trip. The amount of dollars received is calculated using the rate of exchange. When the holidaymaker comes back to the united kingdom, he can exchange his dollars for pounds again. If the rate of exchange is higher, he will enjoy the exchange. If the rate is lower, he will lose money when he exchanges it again.

What is forex trading?

Forex is an acronym for foreign exchange. Before you start trading forex, you need to first understand how the market works. This is the only way by which you can make a profit. Forex trading involves the exchange of currencies. The only difference between this and the normal exchange of currencies is that you can make money when the value of a currency goes up or down. This is called contract for difference (CFD). Trading of currencies happens in pairs. A good example of a currency pair is EUR/USD. EUR represents euro and USD represents the united states dollars. When you buy EUR/USD, it means that you are buying the euro and selling the united states dollars. When you are selling EUR/USD in 4X trading, it means that you are selling the euro and buying the USD at the same time.

Forex market is dynamic

As a beginner in forex trading, you need to understand that the forex market is very dynamic. This means that a trading strategy that works today may fail to work tomorrow. As a way of preparing for the dynamism, you should learn as much as you can about the forex market. You also need to be ready to learn new things about the forex market every day. There is no end to learning in forex trading at all. Yes, learning is a continuous process. You need to backtest your trading strategies very well before you start using them. You should also carry out a regular review of the strategy you use for 4X trading/ this way, you will be adequately prepared for the dynamism that prevails in forex trading.

High level of liquidity

As mentioned earlier, forex trading is highly liquid. The total turnover for each day is about $6 trillion. As a forex trader in the UK, you need to understand that the most liquid of all the currency pairs are the EUR/USD. This is because it is the most commonly traded among all other currency pairs. Studies show that both the USD/JPY and the EUR/USD record a chance of their exchange rate of about 18,000 times per day. This is as a result of the liquidity enjoyed by these currency pairs. It is also as a result of the number of times forex traders trade these pairs.

The forex currencies

The rate of exchange is how much one currency is required to buy another currency. The synonyms for rate of exchange also are exchange rate or FX rate. Forex usually uses two different sorts of rate of exchange. The “spot rate” is that the current rate of exchange at a selected point in time. The forward exchange rate includes the current rate that’s used for a future foreign exchange transaction. Exchange rates change when demand for a specific currency rises or falls. Demand can rise, for instance, because a country exports many products.

Regulation issue

You need a forex broker to enable you to trade forex successfully. However, the forex broker must be a reliable type. The chance of success in 4X trading depends a great deal on the reliability of the forex broker. So, you need to choose very carefully so that you will not end up with a bad broker. How can you know if a broker is reliable? Read reviews about the broker to find out if the company has a good reputation. One other way to determine if a forex broker is reliable is to check if it is regulated.

The financial conduct authority (FCA) is the body responsible for the regulation of forex brokers in the UK. So, you should only register with a forex broker that is under the regulation of the FCA in the UK. The body is set up to protect the interest of the trader and prevent fraud. If anything goes wrong with your trading account, the FCA can help to resolve the issue perfectly.

Important principles

If you would like to enter into the forex trade responsibly, you should adhere to fixed principles. This includes that a trader only invests the maximum amount as he could actually bear as an actual loss. Additionally, the motto “buy low, sell high” has proven itself. For instance, if the dollar is very low relative to the euro, traders should buy dollars. Due to the widely increasing demand for the cheap currency, the rate is probably going to rise again. The trader can then sell his forex and make big profits. We advise canadian traders that are interested in forex trading to check out www.Forexcanada.Ca because it has all information about trading in canada.

Pros and cons of forex trading

advantages	disadvantage
high liquidity in the market	market knowledge is essential
trading takes place directly between market participants	very high risk because it is highly speculative
trading hours are flexible as trading is possible 24 hours a day	long training period
no large start-up capital required	strong fluctuations in profits
high return opportunities	leverage can also be negative
flexible and possible from anywhere via the internet

The bottom line

The forex trade is primarily intended for professionals who work deeply into the subject. At the same time, forex traders must be aware that they can achieve high profits, but also very high losses. The risk in forex trading is high even with extensive market knowledge!

Compare the best forex brokers in the industry

Compare the best forex brokers by comparethemfx team.

Comparethemfx has a vision – to provide the most accurate and up-to-date reviews in forex industry and present the best forex brokers on our compare the best forex brokers list. Our team is focused on getting every single detail and help our visitors to make the right decision .

Forex brokers are appearing and disappearing all the time, they also spend hundreds or even millions on marketing and advertisements – this is why people today are finding really hard to make choices.

Which broker is legit and which not? Is the broker a scam or a proper company? Shall i trust them or not?

When it comes into money and investment – you should always double and triple check the source and all parties involved. We are here to assist, to review and compare the best forex brokers.

Here at comparethemfx we chose a path – we review first the broker based on more than 150 criteria, then check all aspects (deposits, trading, withdrawals) and only after that we contact the broker with our comments and suggestions.

We only list the top brokers in each region . We don’t aim to have thousands of unknown, risky choices for our visitors. We want to be the safe haven for those either starting their journey in forex trading or looking to find a better forex broker to enhance their trading activities.

Brokers

If you’re looking to enter the UK forex trading market you need to find yourself a reliable and trustworthy UK forex broker, especially one that’s regulated by the FCA financial conduct authority). You’ll do well to do some online research. Looking at as many individual broker and review sites as you can fit in. We’ll start by looking at what exactly UK forex brokers do. In the simplest of terms, they’re responsible for bringing together two parties, a buyer and seller, to participate in a foreign exchange trade. No commissions or fees are charged for their services but the broker makes his money on the difference between the buying and selling price of a currency pair. But providing a price and enabling the transaction is not all that they do. Their role is also to provide help, advice, knowledge and their experience and be a reliable partner for your journey into the exciting world of foreign exchange trading. Each one will differ slightly in what they offer and of course there will be some that are far better than others. The best forex brokers should be offering full training and support, an attractive bonus, low spreads, good leverage, an online trading platform that’s user-friendly, as well as being a member of a quality forex institution.

*CFD service. 80.6% lose money

Discover the best forex broker UK with these important questions

There are some very basic questions to ask any prospective broker including:

What currency pairs do they offer?

What countries are they regulated in?

Ask for a description of the trading platforms on offer and are any of them mobile

How do you make a deposit or withdraw funds?

When is your customer service available and what support do they offer?

What are their latest forex bonus deals?

Criteria when comparing the best online forex brokers

There are several relevant criteria when comparing different UK forex brokers and we’re going to look at a few of the most important.

It’s important to choose a regulated forex broker so you can be sure your money is safe should there be some kind of dispute and always ask for proof of their regulation. You can then be certain you’re protected from fraud, legally. Different countries have different regulations so choose one with an advanced legal framework, that is followed and effective. The regulatory country also needs to be relatively stable as any comeback will be difficult if this isn’t the case.

A company’s capitalisation is of paramount importance when looking for the best UK forex broker. A company who has issues with their capital should be given a wide birth, however good they look on the surface. Reviews of a company’s reserves can be found on the CFTC (commodity futures trading commission) website. Forex trading companies in the US have to have more than $20million capitalisation before they can operate and EU countries are now starting to use the same benchmark.

Before you deposit any money with a broker you need to find out about their reputation. Find out how long they’ve been trading in the foreign exchange market but don’t think that just because they’ve been in business for a long period of time they’re the best of the best. A new broker could offer more profits and greater usability. Ask friends, family and work colleagues if any of them have experiences they’d be willing to share. And also take some time to look at comments in some of the forex forums. A bad reputation will spread like wildfire across the foreign exchange market.

There are a huge variety of different trading platforms but there are some more popular ones. Metatrader 4 is possibly the favourite and the latest estimates are that it assists more than three quarters of all retail forex trading deals. Another popular one is actforex but there are plenty of others. Some brokers have their very own platform so it’s a good idea to make use of a demo account to see if it’s the right trading platform for you. Many online review sites have the option to compare usability of the various trading platforms to further help in your choice.

This is basically how much it’s going to cost you to do business with a specific broker. Spreads are used by a dealing desk or market trader. Their purpose is to match you with another interested party or play that part themselves. Their profit is made via the spread, with no further charges being incurred. A general rule of thumb is that the smaller the spread the less risk is involved. You could also encounter a true broker. But the difference with this type is that if another party cannot be found the transaction won’t take place. Although this would be very unusual it has been know to happen. Matching of order is done via an ECN (electronic communication network) and a transaction cost will be incurred and commission paid.

All top rated forex brokers will offer you a variety of accounts. A demonstration account, standard, mini or micro account are just a few examples of what might be on offer. Each type of account has its own pros and cons but the main difference is in the spread, which will also depend on the size of your transaction. A larger account will come with other advantages such as analysis of the markets, free training and regular news updates.

Because the best UK forex brokers trade 24 hours a day you might find yourself wanting to participate in a transaction in the middle of the night. Therefore you need to have contact with customer support at that time too. You should be able to contact them in several different ways, not just a phone line. Look for one that offers email communication as well as live chat too. Don’t get caught out by one that only offers help and advice during normal office hours.

Many of the best online forex brokers offer a range of other services. All this makes a company more attractive and popular. You might be able to take advantage of the information and knowledge needed for forming an effective strategy and to participate in the market on a regular basis.
When looking for the best forex broker UK you should look at all they have to offer and not just concentrate on just one aspect of their service. Weigh up all the options and pick the right one for you.

Different kinds of UK forex brokers

There are three players in the field of top rated forex brokers and you’ll have to decide for yourself which way of doing business is the best. The three players are:

As the name implies there is no dealing desk. They obtain the best composite quotes from several forex quote providers. The broker then completes transactions and keeps an eye on and fills their clients orders. Sometimes they charge a commission but on the whole they increase the spread to make their profit.

This broker is a kind of a middle man.They take a risk by obtaining a certain currency and then try to off load it at a price that will make a profit.

Electronic communications network

This type of forex broker provides a marketplace where a range of different customers can buy and sell currency pairs in a trading environment that’s completely anonymous. ECN brokers usually charge a small fee for matching the traders.

Pick the best forex broker and don’t get caught out by these shady practices

Only by finding the best UK forex broker can you avoid some very common tricks, designed to trip the novice up. To help you spot when you’re being hoodwinked let’s look at the most common examples of bad practice.
Reorders – much more common in the past but it’s still worth keeping an eye out for the practice of countering trades with alternative pricing. A practice definitely not condoned by the best forex broker UK.
Slippage – this practice means the broker will generate an additional couple of pips in profit on a given trade. For example if the price of execution is always higher than the one displayed on your screen (in a buying situation) look out for another broker immediately.
Pricing irregularities – this is a spike in the rates, often explained away as a glitch on the screen. But is actually an example of market manipulation.

Choosing one of the top rated forex brokers is a very important starting point for your incredible forex trading journey. You won’t be able to pick one out of the hat. It’s going to require some effort on your part. Don’t jump into bed with the first one you find but take your time and try out what they’re offering for free. Before you commit yourself to investing money try out the demo accounts being offered by the broker. This will get you a real feel for all that they’re offering and give you the opportunity to see if you like it.

Best forex brokers UK

Here you will find our best UK forex brokers list based on our findings from thousands of hours of extensive research, testing and in-depth analysis across the many forex brokers providing online trading services to forex traders in the UK and across the globe. We aim to make it quick and easy for users to identify the best forex brokers in the UK by having them all listed in one place.

To make it into our list of the best forex brokers UK, each broker must be authorised and regulated to accept forex traders in the UK. The broker should offer industry leading forex trading services with a range of user-friendly trading platforms. There should be a good selection of major, minor and exotic forex currency pairs for trading with tight spreads, low fees and reliable execution speeds.

In addition to this, the broker should have some educational resources to help traders improve their trading knowledge and skills, a range of useful trading tools, various account types, multiple account funding options and excellent customer support.

We have compiled a list of our best UK forex brokers below.

Top 5 forex brokers UK

ASIC, BVI, CBI, FFAJ, FSA, FSCA

Min $100 deposit

FCA, CFTC, NFA, bafin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF

Min $250 deposit

ASIC, FCA, DFSA, SCB, cysec, bafin

Min $200 deposit

Min $5 deposit

Min $200 deposit

We have chosen these as our best forex brokers in the UK as they are regulated and have passed our strict forex broker reviews with flying colours. We have awarded them a top broker rating for the online forex trading services that they provide to forex traders located in the UK and across the globe.

Avatrade

Pepperstone

XM group

IC markets

How did we choose our best forex brokers in the UK?

First and foremost, the trading brokers team checked that the forex broker was regulated and authorised to offer forex trading to UK traders. We then conducted hundreds of hours of detailed research and analysis into the brokers online trading services. From there, we were able to collate what we consider to be the most important information to consider when choosing a UK forex broker and allocated them an unbiased broker rating based on our findings. Some of the the things we considered when choosing our best forex brokers included:

Regulation: A UK forex broker should be authorised and regulated to offer forex trading in the UK.

Forex trading platforms: the forex broker should provide the best trading platforms that are suitable for traders of all experience levels and can be used across desktop, web and mobile devices.

Forex trading instruments: there should be a good selection of major, minor and exotic forex currency pairs for trading online.

Spreads: the forex brokers spreads should be competitive, the lower the better.

Commission: the commission for entering/exiting positions should be competitive, the lower the better.

Fees: any other fees should also be competitive and made clear to the trader.

Execution speeds: trades should have reliable and fast execution speeds, with minimal slippage.

Liquidity providers: the forex broker should have top liquidity providers (lps) with deep liquidity pools so that they can offer competitive bid/ask prices and execution speeds.

Forex trading tools: the more trading tools they provide to assist traders, the better. This can include tools for market analysis, trading signals, placing/managing orders, planning trades, etc.

Forex educational resources: there should be a good selection of educational materials to help assist new traders to improve their trading skills and knowledge. This can include video tutorials, trading guides, webinars, etc.

Forex account types: the forex broker should offer a variety of different account types suitable for varying client investment sizes and account requirements.

Forex account funding options: there should be a variety of convenient account deposit and withdrawal methods.

Customer support: the forex brokers customer support team should be prompt, polite and efficient in their responses to all clients general and technical questions.

UK forex broker regulation

Forex trading involves the buying and selling of currencies and is very popular in the united kingdom. Due to the increasing popularity of forex trading, there are new forex brokers in the UK opening all the time. This can make it difficult to choose the best UK forex broker according to your individual requirements. We believe one of the most important factors to consider is that a forex broker providing services to clients in the UK is authorised and regulated to offer forex trading in the UK.

Financial conduct authority (FCA)

The financial conduct authority (FCA) is an independent public body that regulates the financial services industry in the united kingdom. Its role is to help protect consumers, keeping the industry stable, and promoting healthy competition between financial service providers.

The FCA was established from the financial services act 2012 replacing the financial services authority (FSA). Its purpose was to create a new regulatory framework for financial services, including forex brokers. The FCA is funded through charging fees to members of the financial services industry. It is, however, still accountable to the treasury and to parliament.

The FCA has the power to regulate how financial products are marketed and to set minimum standards and requirements on products that firms offer. They also have the power to investigate financial organisations and individuals. With the possibility of imposing bans on those who breach the regulations put in place to protect investors. The FCA is able to ban financial products for up to a year while considering an indefinite ban. Further, the FCA is able to freeze assets of individuals or organisations under investigation.

By trading online with a broker that is regulated by the FCA, there is also the benefit of protection under the financial services compensation scheme (FSCS). FCA regulated firms are required to become a member of the FSCS. The aim of this scheme is to offer the possibility of compensation to eligible clients if the broker runs into financial issues. The FSCS gives protection up to a maximum amount of £50,000. In the event of liquidation, those who qualify can receive up to 100% of their money for claims up to £30,000 and a maximum of 90% for claims above £50,000.

We believe that a forex broker who is authorised and regulated can give traders peace of mind that they are using a brokerage firm which must abide by strict rules and regulations put in place to protect them. It is worth noting that some non-UK forex brokers can still solicit clients located within the UK whilst UK forex brokers are also able to offer online trading services to clients located in some countries outside of the UK. In this instance, it would be a wise idea to make sure that they have the relevant regulation within the jurisdiction that they operate from.

Verifying the regulation of forex brokers in UK

If a forex broker has been licensed to operate in the united kingdom (UK), they are given a registration number. This number can usually be found near the footer of a broker’s website where they state that they are regulated. You can then check on the regulators website if the registration number is valid and up to date. It has been known for some scam brokers to fake registration, some even going as far to clone another broker. When you lookup the registration number you should find details of the brokerage firm including their website, contact details and if they have had any cases brought against them or warnings.

Need help to choose from the best forex brokers in the UK?

If you are still unsure which is the best forex broker in the UK for you then you can use our free online broker comparison tool to quickly compare UK forex brokers based on regulations, minimum deposit, leverage, spreads, commissions, funding options and more. You can also read our broker reviews and choose from our best brokers, best trading platforms, best copy trading platforms, best social trading platforms and best trading apps. If you would like to look for the best trading brokers in a particular country, we have pages dedicated to our best brokers USA, best brokers UK, best brokers australia, best brokers south africa and best brokers canada.

4X trading in the united kingdom

Best 4x trading brokers in UK

Money making in forex trading

What is forex?

What is forex trading?

Forex market is dynamic

High level of liquidity

The forex currencies

Regulation issue

Important principles

Pros and cons of forex trading

advantages	disadvantage
high liquidity in the market	market knowledge is essential
trading takes place directly between market participants	very high risk because it is highly speculative
trading hours are flexible as trading is possible 24 hours a day	long training period
no large start-up capital required	strong fluctuations in profits
high return opportunities	leverage can also be negative
flexible and possible from anywhere via the internet

The bottom line

Best forex brokers in UK 2020

If you want to know the forex market of the united kingdom or want to know about the forex brokers in UK, then you are in the right place. This article will help you to get acknowledged about the forex market of UK.

Is forex legal in united kingdom?

Yes, forex trading is legal in the united kingdom.

Trend of forex trading in UK

Almost 3.5 to 4.5 million people invest their money in the forex market in the united kingdom. This figure shows the interest of uk residents in forex trading. United kingdom forex market is the largest market in the world. Almost 40 to 41 % forex traders, trade daily among the 100 percent of the whole world. Experienced forex traders are highly paid for their services in a firm. They can earn up to half of million in a month easily. Their salaries range from a quarter of a million. An experienced trader can around £135,000 or £2250,000 if he is working in the commodities or stocks.

Can US residents trade with overseas brokers?

No, US residents cannot trade to any broker overseas. However, a US nationality holder, if living in another country can trade with the broker of his residing country.

But for US residents it is illegal.

Forex brokers in uk

According to analysis, forex brokers in uk are probably the best brokers of the world. They provide excellent services to their clients. Forex brokers in uk try their level best to get profit from their clients. They don’t lack transparency.

How to become a forex trader in UK

Get proper education.

Have some trading strategy.

Choose your market or type of asset in which you want to trade.

Then find a reputable broker. And always start with a demo account.

After learning some basics, deposit some amount in your account. Try to keep it minimum in your initial trades.

Find your trading tools.

Ask about your broker or expert about market info.

By working on these steps you can be a good trader also.

Regulation of forex brokers in uk

Following the provisions made under the financial services and markets act (FSMA) 2000, all financial services providers must be registered. The financial conduct authority (FCA) regulates the financial services industry in the UK.

FCA establishment

It was established on 1 april 2013. At first it was under the financial services authority (FSA) till 2012., the FCA regulates more than 50,000 firms in the UK which deals with financial products and services to both UK and international customers.

Objectives of FCA, UK

The main objectives of the financial conduct authority of the united kingdom are,

Security of protection for consumers.

Protection of financial markets by raising the integrity of the UK financial system.

Promotion of competition in the financial world.

Authorities of FCA, UK

The financial conduct authority has many authorities.

It can investigate any financial broker.

FCA is allowed to introduce or to make new rules.

The FCA also has the command to increase the fees.

FCA has the power to start any kind of legal investigation and proceedings in case of scam or complaint.

This firm is allowed to impose any kind of action to maintain the discipline.

Guidelines and role of FCA, UK

The forex brokers in UK are the most popular ones in the world. People try to work with brokers of UK. They are considered as the most able brokers. But, FCA rules have a part in their success. FCA has given some guidelines for the forex brokes to work by them. The following are the rules and guidelines by the financial conduct authority (FCA) of the united kingdom.

1: registration number

Registered UK forex brokers under the FCA are recognizable via valid registration number provided by FCA.

2: disciplinary action

Forex brokers have to abide by failure to which, disciplinary action will be taken against them by the FCA.

3: separate accounts

Like in the USA, FCA also suggested their brokers put the funds of their clients in different registered banks. So in a case of bankruptcy they will be able to protect the amounts of their profits.

4: audit

AS mentioned earlier, the FCA has the authority to interrogate anyone. So the brokers should always have ready for an audit. They must have to submit all the audit reports.

5: transaction history

The brokers have to submit all the transaction reports periodically.

6: client’s cash withdrawal

Brokers must allow their clients to withdraw their money as soon as possible.

7: KYC policies

KYC means to know your customer. This policy is implemented to detect the black money. A broker must know about the job or business of his client. They both have to pay penalties in case of any involvement of black money.

Good things about UK FX

Forex brokers in UK are the most successful and most demanding brokers of the world. Because of many qualities they are ranked as the number one forex brokers of the world. DO you want to know about the qualities of forex brokers in UK? Here are some of the qualities of these top brokers.

Regulations

Flexible conditions

Different trading platform

Security of the trader or investor’s fund

Low amounts

Withdrawal and deposit

Let’s go in the depth of the above-mentioned qualities so you can understand it with more feasibility.

1: regulations

The FCA has somehow strict but flexible rules for the client and broker. FCA has the best of the policies which makes the forex brokers of UK the top-ranked.

2: flexible conditions

You cannot compare the UK forex market with other countries. The UK forex brokers offer forex trading on very easy terms and conditions.

What they allow?

They allow hedging.

Scalping is allowed.

Not implementation of FIFO forcefully.

Spread betting

Binary trade options

3: different trading platform

Forex brokers in UK provide a variety of trading platforms to work on. According to the ease and comfort of the client, they execute trading in

Ctrader,

Metatrader 4 and 5

Web browser trading platform

Android apps

Blackberry apps

Ios apps

4: security of investor’s fund

Forex brokers are instructed by FCA that they must allow their brokers as soon as possible. And the point to put the amount in separate accounts also ensures the safety of the investor funds.

5: low amounts

Forex brokers in the UK allow a trader to trade with a small amount like 25$. Even they also encourage their client to start trading with one dollar only.

6: deposits and withdrawals

Forex brokers in UK allows a wide range of funding options. You can deposit or withdraw according to your comfort. Forex brokers in UK accept debit cards, bank wires, credit cards. They even allow and accept online payment methods.

Advantages of US brokers

It is fun to work with the forex brokers of UK.

You can start your trade with only 1$ dollar. Moreover if you start with a small amount of 25$ dollars will not discourage you.

Their regulatory policies are the best ones. They can save your funds. Your broker can not snatch your money.

The forex brokers of UK are one of the most successful brokers of the world. They are super qualified.

UK brokers provide information to investors about the factors affecting the currency of their country and other countries. Their valuable market information on time helps the investors to make their trade fruitful.

The forex brokers in UK provide the best of the customer services. They respond quickly and guide their investors about the perfect time of buying and short selling.

When you get engaged in trading with forex brokers in UK f, you not only trade but you also learn the methods of trading and different things about the forex market. The forex brokers in UK contain a team of highly qualified experts. They guide you about the fundamentals and technicals of trading. They also predict you about some future fluctuations in their research and analysis. Mostly, their predictions are accurate.

Choosing forex broker in UK

There are certain things to keep in mind while choosing forex brokers in UK.

Regualtion by FCA is must.

The safety of your money should be your priority.

Check the previous record, as UK has the most number of FX traders.

Always ask for a demo account. Most forex brokers in UK allow trading on demo account. But some traders don’t allow.

Always start with the minimum amount. AS in UK you are allowed to start forex trading with even 1$. So, aware of the people who have a fixed deposit rate.

Some brokers in UK charge a debit or give a credit for daily interest. A trader must think while holding open positions overnight.

Compare margins and leverages of different brokers.

Check out the variety of assets and currency pairs.

Regulated forex brokers in UK

Here is a list of brokers working currently in UK as forex brokers.

EXNESS

Etoro

Fxopen

Com

Interactive brokers

Fxpro

HYCM

OANDA

Saxo bank

FXCM

Activtrades

Admiral markets

Plus500

Com

CMC markets

Octa FX

ICM capital

Hantec markets

Core spreads

BMFN

Tradestation

Fxgiants

Degiro

Tickmill

City index

Land-FX

Axitrader

Abshire-smith

Ayondo

Capital index

Darwinex

Fortrade

FXCC

GMG markets

Infinox capital

ATFX

Key to markets

These are famous and the most choose.

Best forex brokers in UK

Out of these many brokers, the following are the top-ranked and the most preferred one. They are known for their best policies, security, and customer services.

Plus500

CMC markets

Swissquote

Saxo bank

Com

City index

FXCM

Pepperstone

Ava trade

For choosing forex brokers in UK don’t forget to read our tips. This might assist you to find your required one. For any query contact

Best trading platforms in the UK (united kingdom) for 2021

We found 11 online brokers that are appropriate for trading united kingdom.

Best united kingdom brokers guide

United kingdom financial markets

This guide will help you find the best trading platform in the UK. The UK is also known as the united kingdom. England and great britain particularly the capital london has been a world financial center for many centuries.

Restructuring and deregulation has transformed the financial sector during the last 3 decades with important changes in the london stock exchange, insurance, banking, shipping, and commodity markets.

The united kingdom also known as the UK or great britain has a number of established reputable financial markets.

The main united kingdom securities markets include the london stock exchange which deals in officially listed stocks and shares,government issues, traded options, stock index options, currency options, foreign exchange, futures, metals, gold, silver, agricultural and other commodities.

UK brokers

The united kingdom is ranked among one of the top five economies in the world and this attracts global investors to trade stocks, cfds, forex, commodities and cryptocurrency. We have written an extensive guide here that will help you find a reputable UK broker.

When looking for a good and reliable broker in the united kingdom its not easy. It can be very confusing. Here we explain what your trading options are in the UK and what UK brokers can and cant offer you.

Stock trading

The united kingdom historically has been a huge influence on stock markets all across the world. Dating as far back as 1571 the london stock exchange is one of the most important financial exchanges in the world. The united kingdom has been a financial powerhouse for over 450 years!

Trading stocks and shares in the UK and england is highly regulated and considered very safe. But be aware any investment can go down as well as up.

Live forex trading

Forex is the biggest liquid financial market in the world with a daily turnover of more than $5 trillion (BIS data april 2016). It is a currency exchange of two different nations and thereafter managing the result position in which one currency gains and the other loses.

Live CFD trading

CFD or contract for difference is derivatives having a value determined by as asset traded. The formats of such assets include stocks, commodities and currencies.

Spread betting

It is derivative market speculation and you are not required to own the asset. Just a bet is done whether the price will increase or decrease. Usually, the UK brokers will show the prices and you have to spread bet on it.

Demo trading if you are a beginner, it is recommended to start with a demo trading that is funded with virtual money. It will simply improve your trading skills.

Why trade in the UK?

Internationally UK is considered as one of the worlds largest financial centers. In the united kingdom brokers are highly regulated, professional and supportive. However, below are some of the important things a trader should know:

Financial markets in the united kingdom are very mature and are seen are being trustworthy due to regulation and compliance by the the financial conduct authority, UK financial services authority, the prudential regulation authority and financial services compensation fund.

The platforms used by brokers in the UK are well tested and are highly rated.

Trading platforms in the united kingdom make sure the broker you decided to trade with has all of the below.

Easy to use platform

Availability of risk management tool

Good or instant execution speed

Better quality of charts

Capability of social trading

Timely online help or support

Challenges of trading in the UK

Even a little change in US economic markets may affect the UK markets as the UK and USA have huge trading partnerships and our economies are closely linked.

Similarly, the EU too impacts the UK markets significantly as it is a multi-nation trading block.

Since the brexit negotiations in 2016, the effect on british market has not always been positive.

Even though there are challenges in the UK markets, the overall financial scenario is very favorable for traders and UK brokers have a long history of being very supportive and fair when dealing with clients.

However, when trading with a UK broker we recommend checking that the broker is a LTD company and is FCA regulated, offering an industry-standard trading platform and any deposits are done through secured channels.

We've collected thousands of datapoints and written a guide to help you find the best best trading platforms in the UK (united kingdom) for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best united kingdom brokers below. You can go straight to the broker list here.

Trading in united kingdom

When trading in united kingdom you will need to know what your options with your united kingdom trading broker are.

We list below the trading account types available in united kingdom. If you are looking for brokers in united kingdom that are suitable for trading in the forex, CFD's, indices and etfs, cryptocurrencies (availability subject to regulation) or commodity markets; this united kingdom broker guide will explain the things you should check and be aware of before you invest.

Forex trading in united kingdom

Forex trading is growing in popularity in united kingdom. The volume of forex traded in united kingdom has increased year on year over the last five years.

Across the world $5.1 trillion USD in volume is traded every single day. This is a huge amount in comparison with other financial market sectors.

Advances in online technology, higher internet coverage in united kingdom and increased competition among brokerages have made forex trading more accessible and reduced the costs of trading generally.

Is forex trading legal in united kingdom?

Their is a misconception that trading forex on the financial market in united kingdom is considered unsafe. This is not the case, forex trading in united kingdom is very active.

Trading in forex is allowed in united kingdom as to conduct business currency must be exchanged. Forex is an integral part of import and export and investing internationally. The important thing is that when trading forex you pick a safe and reputable broker that is regulated. United kingdom forex trading is not banned, their are many international online brokers offering favourable trading conditions.

Do forex traders pay tax in united kingdom?

Once a traders profits reach a level where the income on the forex trading can be taxed in united kingdom the trader should make sure all taxes owed for a financial year are paid. United kingdom taxes should be filed even if there were losses on the year. If trading losses cannot be claimed against personal income taxes. A trader should file them with the proper government agency in united kingdom. You should seek advice with a united kingdom tax professional to ensure they are abiding by all proper tax laws in united kingdom. In united kingdom islamic accounts do not have additional restrictions on trades.

Cryptocurrencies in united kingdom

Cryptocurrency markets in united kingdom are relatively new and their availability are subject to local financial regulation. Because cryptocurrency works on decentralised assets in united kingdom things like interest rate changes and political instability do not affect cryptocurrencies as much as the currency markets in united kingdom for example.

Due to a large young population in united kingdom with growing income levels and wide spread adaptation of online technology cryptocurrency trading volume is increasing greatly in united kingdom. $6 billion USD worth of bitcoin is traded daily around the world.

Commodity trading in united kingdom

In united kingdom commodity trading includes the trade in precious metals, energies and agricultural commodities.

Some commodities like metals are seeing exponential growth in united kingdom since 2002.

Fast growing countries like china and india have been growing rapidly over the last 3 decades. This has meant that countries like china and india have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like united kingdom are able to take advantage of this demand.

Islamic accounts in united kingdom

United kingdom brokers support islamic accounts or swap-free accounts. United kingdom islamic accounts have no rollover interest on overnight positions to comply the muslim faith. Traders of islamic faith are forbidden to pay interest. Brokers in united kingdom offer accounts that are suitable for islamic traders. These united kingdom brokers complies with sharia law.

Benefits of trading in united kingdom

United kingdom economy and population is growing. The middle class population in united kingdom is increasing which means a growing consumer base. Many business and financial opportunities exist in united kingdom. United kingdom has a young population educated in technology and the internet.

Concerns of trading in united kingdom

United kingdom digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this united kingdom guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.

Learn about leverage when trading. United kingdom brokers offering high leverage trades in united kingdom can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some united kingdom brokers offer as a level of protection. You can learn more about further below on this guide.

Reputable united kingdom brokers checklist

There are a number of important factors to consider when picking an online united kingdom trading brokerage.

Check your united kingdom broker has a history of at least 2 years.

Check your united kingdom broker has a reasonable sized customer support of at least 15.

Does the united kingdom broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.

Check your united kingdom broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.

Does your united kingdom broker have an international presence in multiple countries. This includes local seminar presentations and training.

Make sure your united kingdom can hire people from various locations in the world who can better communicate in your local language.

It is not essential that your brokerage is local but they must have regulation from a tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.

When deciding to trade and find a suitable united kingdom broker if you wish your broker to be 100% local check they are governed and regulated by the below.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering united kingdom brokers.

We compare these features to make it easier for you to make a more informed choice.

Minimum deposit to open an account.

Available funding methods for the below united kingdom brokers.

What you are able to trade with each brokerage.

Trading platforms offered by these brokers.

Spread type (if applicable) for each brokerage.

Customer support levels offered.

We show if each brokerage offers micro, standard, VIP and islamic accounts.

Top 15 united kingdom brokers of 2021 compared

Here are the top united kingdom brokers (GB).

Compare united kingdom brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are united kingdom brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more united kingdom brokers that accept united kingdom clients

so, let's see, what we have: A definitive guide to finding the best forex trading platforms and brokers for UK and what to look for when selecting the chosen platform. At best forex broker uk