Top 10 Forex Brokers in UK 2019
Foreign exchange, or forex trading is an increasingly popular in the United Kingdom (UK). If any fx broker start accepting traders for forex and CFD trading as their clients, the fxbroker must be authorised by the Financial Conduct Authority (FCA), which is the financial regulatory body (FCA.org.uk) in the UK.
There are a large number forex brokers list is available to the fx trader. Online Forex trading is fast becoming popular with the new FCA regulated uk forex brokers coming to the uk forex market all the time.
Top UK Forex Brokers for 2019
There are many different ukforex brokers avilable, so, who are the best forex brokers in the UK ?
To find the best forex broker in the UK forex market, we build a list if top best forex broker uk list of all fx brokers authorised by FCA brokers.
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* Please note that individual Brokers T&Cs Apply Risk Warning: Trading Forex (FX), Commodities, Options, and CFDs are a high-risk activity and you may lose more than your initial deposit. Please be sure you thoroughly understand the risks involved and do not invest money you cannot afford to lose. Your capital is at risk. Advertiser Disclosure: Top10tradingplatforms.com is an independent comparison website site funded from the referral fees and commissions from the sites that it promotes. Top10tradingplatforms.com receives compensation from the brands and brokers sites and advertisements it features. Top10tradingplatforms.com is not able to display and feature information about all the available broker sites or broker site offers.
How to Choose a Best Forex Broker in the UK
There are more than hundred forex brokers that operate online offering forex trading.
Out of hundres of fx brokers choosing the best online forex broker, isn’t always easy, especially since almost every forex trader seems to be the best. But, you shouldn’t worry at all , as we have created the list of best forex broker who are trustworthy and reliable brokers.
Here are main points to check out for in a ukfroex brokr
1- Regulated & well-established
The first most improtant point while selecting a forex trading platform that should be a safe broker. If a forex broker has been around for 10-20 years and is regulated by Financial Conduct Authority UK than you should be in good hands to search of uk forex broker.
2- Currency Pairs Offer
The 2nd point which is also important that your forex broker offering to trade the multiple currencies on their fx trading platform as not many forex brokers offer large currency pair to trade. Typically, the American US dollar is one of the most interesting currency used against all major fx market.
There are 7 other currencies which are rated highly other than USD:
- Euro (€) – EUR
- Pound sterling (£) – GBP
- Australian dollar ($) – AUD
- New Zealand dollar ($) – NZD
- The Canadian dollar ($) – CAD
- Swiss franc (Fr) – CHF
- Japanese Yen (¥) – JPYA
Demo forex trading account
This is very imprortant for fx traders who don’t want to be rushed to open a live forex trading account. All of the top fxbrokers listed offer live demo trading account to pratice fx trading allowing you to get comfortable with their forex trading platform in a demo account without risking real money.
Minimum deposit amount
Minimum depsoit amount is quite important point for someone who is serching for the best forex trading platform in uk when new fx trader just starting the forex trading. as a novice, you probably do not want to deposit a large amount of money straight away.
Forex brokers mostly charge a commission on deals by taking part of the bid offer spread, so the tighter spreads, the more money the investing trader saves. If your preferred trading strategy is more active than most, then spread margins will be more important for you.
Execution of trading orders
The forex brokers platform speed is most important when it comes to execution of trading orders. You should test his speed and effectiveness with a demo account with the broker you have chosen. More on demo accounts later. In some cases, the demo account may not be a good barometer. You should also check other online reviews to find out if there are “slippage” problems or constant re-quotes from the broker. If the speed and effectiveness is not there, then choose another broker!
Test the forex trading platform
In ordr to choose the best forex trading platform uk one need to determine the ease of use, reliability and simple navigation of the forex broker’s trading platform, have to ask does the fx trading platform need to be downloaded, as with Metatrader4, the most popular and widely used platform on the market? Is the trading platform a proprietary design? Are you on the go and need via an iphone or Android device? Some brokers support mobile forex trading.
Recommended UK Forex Brokers for UK Traders
All brokers for Forex trading in the UK that we’ve reviewed below offer a wide range of currency pairs. They also offer several different trading tools, a large range of cost effective banking options and incredible customer service.
top10tradingplatforms.com want to give you as much information as possible within a brief description. You can find a more detailed review of any of these brokers by clicking on their respective brand names.
Forex Brokers in the UK
Avatrade – Avatrade is incorporated and regulated by the Central Bank of Ireland, the Markets in Financial Instruments Directive of the EU (MiFID), the Australian Securities and Investments Commission (ASIC), is registered as a financial services company in the BVI and regulated by the Financial Futures Association of Japan. One of the unique features of Avatrade is that they offer leverage of 400:1, one of the highest in the industry. Open an Account in a Few Minutes & Start to Experience the Stock Market Today! £10,000 New Client Bonus · Fully Regulated EU Broker · $100,000 Free Demo · Quick Withdrawal Benefits: Spread Reduction on Fixed, Floating and Options, High Leverage, and Great Bonuses.
24option – 24option is one of the world’s leading Forex and CFD trading platforms. Trade Forex / CFDs on 60-second options of commodities, indices, stocks and Forex. Free Demo Account with £1000. Start with just £10, trade with only £1 Established early on as one of the most reliable and trustworthy binary options brokers in the world, 24option more recently (early-2017) established themselves as a Forex and CFD brokerage. They are still regulated by the Cyprus Securities Commission (CySEC) under license number 207/13 and can still accept all traders from the EU. They have a huge support team, secure banking and access to the MT4 platform, so we urge UK based forex traders to give 24option a try.
Markets.com – Online trading with Markets.com – Commission free CFD trading for stocks, commodities, indices, and currencies. Open your account today. Trading at Markets.com allows you to benefit from tight spreads, zero commission, and leverage ratios of up to 1:300 (Default leverage 1:50. T&C apply). Get $ £25 Free No deposit required (T&C apply) Markets.com is regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySEC). It is also licensed and regulated by the Markets in Financial Instruments Directive of the EU (MiFID), and has the required license in numerous other territories. These include the FCA for the UK, the BdF in France, CONSOB in Italy, CNMV in Spain, AFM in the Netherlands, BaFin in Germany, FI in Sweden, The Danish FSA, PSZÁF in Hungary, NBS in Slovakia, CNB in the Czech Republic and the FSB in South Africa.
eToro – The world’s leading social investment network. eToro known to a best forex broker uk. Tap into the wisdom of the crowds to make smarter investment decisions! eToro is a social trading and multi-asset brokerage company that has registered offices in Cyprus, Israel and the United Kingdom, eToro , very interesting as they offer a “Social Trading” experience. Essentially, traders get to follow & copy the strategies used by other more successful traders. They are fully regulated in several different jurisdictions and their licensing authorities include the NFA (US), CySEC (Cyprus), ASIC (Australia), CFTC (US), MiFID (Europe) and the FCA (UK). A leverage of 400:1 is also offered.
City Index – City Index is an Award-winning platform for financial Spread Betting, CFD & Forex Trading. Open an account in Minutes. Spreads from 0.5 points ·
Join to trade online on a wide range of global markets. City Index headquartered in London and has offices in the United Kingdom, Australia, Singapore and Dubai.
Pepperstone – Trade Forex with Australia’s Fastest Growing Forex Broker, Pepperstone. Trade with Metatrader 4, fast trade matching, raw ECN spreads. Join now to trade with Award Winning Forex Broker.
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Trade.com –Trade like a pro with Trade.com – Register Now! TRADE .com offers true expertise in Stocks CFD trading and provide all their clients, from beginner to pro, with the support and trading tools to enjoy
Few More Fx Brokers
XM – are a fantastic broker making some great moves in the world of Forex trading. They are fully regulated in a number of European jurisdictions including CySEC (Cyprus), MiFID (EU-wide), FCA (UK), BaFin (Germany), CNMV (Spain), AFM (Netherlands), FI (Sweden), FIN (Finland), PSZÁF (Hungary), CONSOB (Italy), ACP (France), KNF (Poland), New Zealand and the ASIC (Australia). They welcome traders of all levels from the UK.
NetoTrade – offer attractive bonuses, tight Forex spreads, flexible leverages, low rates, an established platform and the offer of straight-through processing (STP). NeoTrade offers a low deposit amount of just $250, and a personal account manager to optimise their trading strategies. If you’re still unsure, why not open a FREE demo account and check out the platform?
OandA – OandA is in fact licensed in Canada by the IIROC. They have also been granted licenses to operate by the CFTC (US), NFA (US), the FCA (UK), the Monetary Authority of Singapore and also the Dubai Financial Services Authority. They offer a low minimum deposit amount and a leverage of 50:1.
BDSwiss Fx – a highly respected and regulated Forex broker, working from offices in Germany. BDSwiss is one of the rare brokers that gets our five-star rating. They are incredibly straightforward and upfront about literally everything they offer to their clients and we truly appreciate this. They offer variable and tight spreads and low commissions, ensuring that you get the most bang for your buck too.