- Best Forex Brokers UK
- 1. IG
- 2. Saxo Bank
- 3. CMC Markets
- 4. Dukascopy Bank
- 5. Plus500
- 6. City Index
- 7. FOREX.com
- 8. XTB X-TRADE Broker
- 9. FXCM
- 10. XM.com
- 11. IC Markets
- 12. AxiTrader
- 13. Oanda
- 14. Markets.com
- 15. eToro
- 16. Interactive Brokers
- 17. LONDON CAPITAL GROUP
- 18. Pepperstone
- 19. FxPro
- 20. ThinkMarkets
- Wrap Up
Over the years, the United Kingdom has evolved as a global financial hub and is currently the fifth-largest economy. Suppose a forex broker accepts the UK Forex and CFDs (Contract for Differences) clients and traders. In that case, they should be authorized by the Financial Conduct Authority (FCA), which is considered as the financial regulatory body in the UK. Forex trading in the UK has several outstanding brokers known for their transparency, reliability, and quality.
Best Forex Brokers UK
Several forex brokers are available in the United Kingdom to help the forex traders in the UK. Trading in forex in the UK is always coming up with new forex brokers every time, making it difficult for the traders to choose among the available brokers. A forex broker offers several features and a trader should be up to date about the latest events in forex trading.
Best Forex Brokers UK for 2021
|Forex Brokers UK||Best for|
|IG||Best overall Broker for 2021|
|Saxo Bank||Best VIP Client Experience|
|CMC Markets||Best for Range of Offerings|
|Dukascopy Bank||Best Forex Trading Apps|
|Plus500||Easy-to-use Trading Platform|
|City Index||Best forex broker UK for beginners|
|FOREX.com||Active forex traders & MetaTrader training|
|XTB||Top demo account for UK forex traders|
|FXCM||Best range of currency pairs and CFDs|
|XM.com||Best MetaTrader Broker|
|IC Markets||Best for low trading costs|
|AxiTrader||Best MT4 Provider|
|Oanda||Best for Seasoned traders|
|Markets.com||Best trading conditions and VIP service|
|eToro||Best Mobile App & Good Copy Trading platform|
|Interactive Brokers||Casual and Advanced Traders|
|London Capital Group||Best for Beginners|
|Pepperstone||Best Trading Experience|
|FxPro||Forex and CFD Traders|
|ThinkMarkets||Best for Customer Service|
How Do I Trade Forex in the UK?
Trading Forex pairs is one of the most profitable financial segments in the UK market.
The following are the necessary steps to start Forex trading in the UK:
1. Starting with in-depth research on UK Forex trading
Traders need to understand the landscape of the UK Forex market. It is important to explore different Ftradersrading techniques such as scalping, swing trading, and position trading during the research.
2. Learning how the Forex market in the UK works
The currency market in the UK is closely influenced by the global foreign exchange market. It is essential to learn how the market allows traders to buy or sell a currency.
3. Opening a Forex trading account
During the research, traders will come across several Forex trading websites and Forex brokers. They need to set up a trading account on the best platform. Next, they must understand how the Forex trading dashboard works. Traders also need to explore the deposit and withdrawal process of the UK Forex trading account.
4. Creating a Forex trading strategy
Traders can take the help of professionals and Forex experts. They must go through tested and effective Forex trading strategies and evaluate the risk-reward ratio. It is also essential to strategize how to trade capital in the long run.
5. Using a Forex trading platform
Traders can start by exploring the tools of popular trading platforms such as MetaTrader 4 and MetaTrader 5.
6. Making the first Forex trade
Traders should use action analysis tools and open their trade position. They also need to monitor the Forex trade based on market movements of hot and cold currencies.
Financial Conduct Authority (FCA) and its UK Regulations for Forex Brokers
Regulatory bodies play a pivotal role in protecting the wealth of customers in financial markets. The Financial Conduct Authority (FCA) is the primary regulator of financial services in the United Kingdom. Traders and investors based in the UK adhere to the FCA regulations before buying or selling any assets. FCA helps in protecting traders and keeping the finance industry stable in Forex markets. The FCA also promotes a competitive advantage among financial service providers such as Forex brokers in the UK.
Why FCA UK Regulation(FCA Registration Number) Is Necessary for the UK Forex Brokers
The primary responsibility of the FCA is to ensure financial services under its regulatory jurisdiction follow the necessary regulations. UK regulations imposed by the Financial Conduct Authority make sure that Forex brokers legitimately conduct their financial services. Red flags observed by the FCA can jeopardize the image of even the most successful UK Forex broker service.
Financial Conduct Authority (FCA)
In addition to that, the FCA serves the common objective of ensuring safe and effective competition in the Forex markets. When these markets function well, UK-based Forex brokers follow the conduct regulations set by the FCA to provide customers a trustworthy and reliable service. Compliance with FCA regulations also curbs Forex brokers from exploiting the market. As a result, consumers in the UK can get a fair Forex transaction from these brokerage firms.
New FCA Regulation Updates In 2021
In recent years, UK regulations set by the authority have been upgraded multiple times. In 2021, the undercurrents of rapidly-changing foreign currencies have influenced the business of Forex traders significantly. In May, the FCA announced the transition of the legacy data collection platform by replacing Gabriel with RegData. The FCA also revealed that UK forex brokers need to follow the SCA rules on financial services such as e-commerce transactions.
Best UK Forex Brokers Are Required to Follow Strict Regulatory Guidelines
UK forex brokers can register with the FCA through the Financial Services Register. It helps brokers gain legit permissions for dealing with Forex customers. The process of getting verified by the Financial Conduct Authority involves the following steps:
- Establishing permission by performing regulated brokerage activities
- Building a business strategy and auditing the broker services
- Collecting and organizing documentation of business activities
- Creating a well-thought-out application to put forth to the FCA regulators
- Declaring the application and making the submission
How to Verify UK Forex Brokers Authorized and Regulated
Here we explain you in-detailed with an example to easily check if the broker is licensed to operate in the United Kingdom (UK). Here we explain to you an example of one of the top UK forex brokers, CMC Markets.
CMC Market FCA registration numbers discloser text
In the first step, you have to visit the official broker website’s home page bottom-text section and find FCA Registration Number.
FCA – Firm regulation check
In the second step, you have to enter the Broker firm name or reference number. In the last step, compare the reference number mentioned in the official brokers’ website discloser text with the official FCA page. If it’s a match and valid, then that broker is legitimate for the UK.
Check out the list of the Top Forex Brokers UK in details, which are fully regulated by Financial Conduct Authority (FCA) in the UK.
IG – Leading Forex Trading Platform
In 1974, IG was established as one of the leading CFD and the best forex brokers UK and globally. IG is regulated by top-level regulators such as the Financial Conduct Authority (FCA) and the Federal Financial Supervisory Authority. Moreover, IG Forex broker is listed on the London Stock exchange.
The trader using IG can take their pick from the 80 currency pairs available for trading. Some of the essential pairs are GBP/USD, HUF/EUR, and several more. Moreover, the users can trade with the forex pairs through spread bets or CFDs.
One of the best features of the IG Forex broker is that its web-based platform is very user-friendly, well designed, and can be easily customized. Besides, users can find many useful and informative educational tools that can help them learn the nitty-gritty of trading. Depositing and withdrawing funds are very easy and they offer several options for the trader.
The trading fees of IG are very high for CFDs and stocks. The product portfolio is minimal, and in most countries, this forex broker offers only options and CFD trading. Further, customer support needs improvement.
The trader should remember that CFDs are complex instruments and their capital is at risk. 76% of CFDs retail investor accounts lose money when trading CFDs and spread bets with this provider.
|Top-class web-based platform||Restricted product portfolio|
|Offers many withdrawal and deposit methods||Customer support needs to be improved|
|This broker offers excellent educational tools for the user to access||High fees for stocks and CFDs|
Saxo Bank – World’s Best Broker
Founded in 1992, Saxo Bank is a fully licensed and regulated investment bank in Denmark, and it provides online trading and investment services. Financial authorities regulate Saxo Bank from across the globe, including the UK financial conduct authority and the Danish financial services agency (FSA).
Saxo Bank provides its services globally. In various parts of the world, its subsidiaries are found as separate legal entities. Saxo Bank offers excellent pricing for the benefit of its traders. Saxo Bank is attributed as the number one broker to trade CFDs and Forex while at the same time securing the top place in the fees and commission category.
Some of the account types offered by Saxo Bank are the entry-level classic account, which requires a minimum deposit of $10,000 and the platinum account, which requires a deposit of $200,000.
Saxo Bank offers high-quality trading and research tools in its mobile app; thereby, the trader can trade while on the go — a feature not offered by most other brokers. It also provides an excellent web-based trading platform. Further, it offers a wide range of product portfolios, which meets the expectations of experienced traders.
|The platform is easy to use||The minimum deposit is high|
|Offers high-quality research materials||Does not offer 24×7 live chat|
|Extensive product portfolio||High fees for bonds, options, and futures|
CMC Markets – Join Award-winning Broker!m
CMC markets can be described as a CFD and multi-asset class spread betting broker having experience of 30 years. The FCA is regulated by the UK Financial Conduct Authority, which offers segregated funds and high-level safety and security. Moreover, the CMC group can be described as a publicly traded company listed on the London Stock exchange.
If the users want to participate in spread betting, this forex broker has a wide range of products, automated execution, and tight spreads. The traders of CMC Markets can leverage to go short or long in trades in forex, cryptocurrency, index, commodity markets, and treasury.
Pricing offered by CMC Markets is favorable and is subject to a few taxes compared to other financial instruments. There are no commissions and fees and this broker earns its income through the spreads.
Traders who want to try spread betting because of the unique tax benefits offered for UK residents should choose CMC Markets.
Several CFDs retail investor accounts lose money when trading CFDs and spread bets by using this provider.
|Traders can leverage more than 9000 instruments that cover several asset classes.||This platform is not suitable for beginners|
|This broker offers a high-class trading platform|
|It provides analysis and news from their in-house market professionals|
Dukascopy Bank – Best UK Forex Brokerage Firm
Dukascopy Bank was founded in 2004 and is based in Geneva. It offers a wide range of banking services and large brokerage operations, focusing primarily on CFDs (contract for difference). Dukascopy owns and operates the unique Swiss FX Marketplace (SWFX). There are different divisions in Geneva, Switzerland, and it offers Switzerland and the rest of Europe.
This UK forex brokerage firm, offers higher than average trading fees and costs and a small product catalog. Also, it provides an active traders discount program, which is an upgrade to lower spreads and commissions. This forex trading platform is at par with Metatrader 4, which offers higher commissions and several currency pairs.
Dukascopy Forex is licensed in Switzerland by the Swiss Financial Market Supervisory Authority (FINMA) and the European Union through the Financial and Capital Market Commission of Latvia.
Dukascopy Bank offers a small product catalog with 61 currency pairs, 24 indexes, 500 plus shares, CFDs, commodities, and two cryptocurrency CFDs. Forex is traded through CFDs and this brokerage does not offer future contracts, spot markets, option coverages, and forward contracts.
|Offers a world-class trading platform||The trading costs are higher than average|
|This brokerage provides advanced charting techniques unlike other brokers||Does not offer two-factor authentication|
|Android and IOS sync well with desktop||Offers smaller product portfolio|
Plus500 – Easy-to-use Forex Platform
Plus500 is one of the largest Forex broker services in the world. It is operated by Plus500 Ltd, which makes millions of dollars through Forex brokerage every day. The principal Forex trading service of Plus500 is online Forex trading. It helps in delivering Contracts For Difference (CFDs) at a high success rate. Unlike many Forex brokers, Plus500 allows traders in the UK to diversify their Forex trades across multiple assets. The broker also offers UK clients to trade foreign currencies from more than 50 countries.
|Plus500 provides negative balance protection to its Forex trading accounts.||Plus500 lacks customer service.|
|The broker website is easy-to-use and offers a multi-functional Forex trading platform.||The Plus500 site does not have enough education material and research data for professional Forex traders.|
|The FCA completely regulates Plu500.|
|The broker also provides guaranteed stop-loss orders on high-volume Forex trades.|
City Index – Global Forex and CFD Brokers
City Index was established in 1983, and it is one of the leading global forex and CFD brokers. Besides, City Index is regulated by top levels of financial authorities such as the Australian Securities and Investment Commission, Financial Conduct Authority, and Monetary Authority of Singapore.
City Index’s parent company is Gain Capital, listed on the New York Stock Exchange (NYSE). It is a significant advantage in security and safety as the City Index forex broker releases transparent financial statements regularly.
City Index forex broker offers leverage and low fees for the forex, index CFDs, and stocks. But there is an inactivity fee and the stock CFDs fees are very high.
City Index’s non-trading fees, such as withdrawal fees, are very low. The account opening process with City Index is smooth and fast, and when the trader starts trading, they can use specific and high-quality research tools.
|Hassle-free and almost instant account opening process||CFD and stocks fees are high|
|Offers exhaustive research tools||The desktop platform is not user-friendly|
|Low fees for index CFDs and forex||Restricted product portfolio|
Forex.com leading brokers of forex
Forex.com was established in the year 2001 and is one of the leading brokers of forex. Forex.com is the brand name of Gain Capital which is listed on the New York Stock Exchange. Besides, forex.com is regulated by various financial authorities, including the UK or the US Commodity Futures Trading Commission and the Financial Conduct Authority (FCA).
Forex.com earned top awards for several categories in 2020, including commissions and fees, the offering of investments, professional trading, education, easy-to-use, crypto trading, and several more. As per several reviews, forex.com is a good option for all types of traders.
Casual traders use Forex.com and their web-based platform to navigate and browse various markets, analyze charts through trading Central, conduct research, and execute trades.
The alternative web platform of forex.com is a white-labeled version of Trading View, a popular charting web app used for technical analysis that offers around 67 indicators. Forex.com offers everything needed to trade forex, such as several currency pairs, more specialized research tools, and low forex fees.
|Offers several types of currency pairs||The desktop platform needs improvement|
|Technical research tools are diverse||Stock CFD fees are high|
|Forex fees are low||Does not offer many products for trading|
XTB X-TRADE Broker
XTB – Regulated Broker
XTB is headquartered in London, and it is a global forex and CFD broker. This company is regulated by various financial authorities globally, such as the UK Financial Conduct Authority and the Polish Financial Supervision Authority. XTB is listed on the Warsaw Stock Exchange (WSE).
XTB charges very low fees for stocks, indexes, CFDs, and forex. Deposits and withdrawals are free and the trader can use multiple options, including electronic wallets, credit or debit cards. The account opening process is quick and user-friendly.
XTB offers leverage, and users can access Forex, shares, metals, commodities, indices, and cryptocurrencies. Several authorities regulate it. Its history goes back to Poland and it is publicly listed on the WSE.
XTB offers the users guaranteed stop loss, negative balance protection, account insurance, and average industry security.
|Fast and free withdrawal and deposits||Customer support needs to be improved|
|Faster account opening process||Stock CFD fees are high|
|Forex and stock index CFDs fees are low||Restricted product portfolio, mainly Forex and CFDs|
FXCM trading platform
FXCM was founded in 1999 in the United Kingdom. It is an established international online CFD and Forex brokerage firm.
Forex capital market, or FXCM, is a Forex broker based in the UK offering CFDs and Forex. Its primary shareholder is the Jefferies financial group.
FXCM brokerage has several offices in many countries like South Africa and Australia. This broker is one of the most popular and leading online forex brokers and currently caters to the needs of new and experienced traders.
FXCM brokerage offers online education and training to both new and experienced traders in the form of live webinars and news articles. It provides leverage to users and FXCM market insights and offers a wide range of trader tools like FXCM apps, FXCM plus, live FX trading signals, and an online market scanner.
|Several trading tools are provided for free||Restricted product portfolio|
|Minimum deposit requirement is low||This brokerage does not accept US clients|
|Offers exhaustive research and educational materials|
XM – Global Forex And CFD Brokerage Firm
XM’s parent company Trading Point Holding is a global forex and CFD brokerage firm established in 2009. Moreover, Trading Point Holding has two brands such as trading.com and XM.
XM is one of those forex brokers available worldwide and is regulated by top-tier financial authorities like the Australian Securities and Investment Commission, Cyprus Securities and Exchange Commission, and International Financial Services Commission of Belize.
XM offers low withdrawal and CFD fees. Opening an account with this broker is very fast and user-friendly and it provides several educational tools like a demo account and webinars.
XM offers two trading platforms that can be accessed from the demo as well as real accounts. It also provides multi-award-winning MetaTrader 4 and it is an exclusive Forex trading platform that supports stop, market, limit, and trailing orders where the users can leverage.
|CFDs and withdrawal fees are low||This brokerage firm charges inactivity fees|
|It provides the fastest trading engine currently in the industry by offering 1 million transactions per second||For traders who wants to withdraw fiat currency, there is no option for anonymity|
|Fast and easy account opening||Forex fees are average|
IC Markets – Best Forex CFD Provider
Founded in the year 2007, IC Markets is an Australian FX broker. Moreover, IC Markets is regulated by a top-level authority like Australian Securities and Investments Commission (ASIC).
IC Markets is one of the best online brokers available for the users, as it offers the highest leverage, low fees, competitive spreads, and several more.
IC Markets users can leverage on free high-quality platforms to trade for the benefits of the trader. Providing three trading platforms allows the users to choose several tools and technical analysis to place the trades. Moreover, IC Markets offers low forex fees, and it is easy to open an account. The deposit and withdrawal methods are user-friendly and accessible as well.
IC Markets offers day traders a wide range of assets and trading instruments. Users of IC Markets can leverage more than 80 instruments, including CFDs, indices, commodities, stocks, futures, precious metals, and currency pairs. It also offers cryptocurrencies like Bitcoin and Ethereum.
|This broker offers free deposit and withdrawals||Nil negative balance protection|
|Fast and easy account opening process||This broker does not offer investor protection|
|Forex fees are lower|
AxiTrader – leading FX Platform
AxiTrader is a leading FX broker. It was founded in the year 2007. AxiTrader is regulated by several financial authorities globally, like the Financial Conduct Authority (FCA), Dubai Financial Services Authority (DFSA), and Australian Securities and Investment Commission (ASIC).
AxiTrader is an exclusive MetaTrader-broker that offers CFDs and forex. The users can leverage over 80 currency pairs, 65 CFDs, metals, commodities, indices, and cryptocurrencies over standard and Pro MetaTrader 4 platforms.
AxiTrader charges very low fees from its forex traders in the UK. A great advantage is that they do not charge any inactivity fees. Moreover, deposits and withdrawals are free of charge. Besides, the account opening process is quick and completely digital.
AxiTrader is one of those brokers which offer a small range of forex and CFDs. Besides, customer support is only available through email, which is 24×5, and the research options are minimal.
|Account opening is fully digital||Customer support needs to be improved|
|No fees for deposits and withdrawals||Research tools are limited|
|No inactivity fees and trading fees are lower||This broker only offers CFD and forex trading|
Oanda Trading Platform
Oanda was established in 1996 and is recognized as one of the leading American FX brokers. It now offers services in Europe and Asia as well. This broker discloses its financial statements and is regulated by top-level authorities such as the US retail foreign exchange dealer and the UK Financial Conduct Authority (FCA).
One of the most advantageous features of this broker is that it charges very low CFDs and Forex fees. Non-trading and withdrawal fees for bank transfers are pretty high.
Oanda fxTrade offers a mobile app, which is very easy to use. It provides quality market research which includes excellent charting features, such as 33 technical indicators, for the benefit of its traders.
Oanda offers an excellent web trading platform that is user-friendly and quick where the user can leverage it. Besides, an account can be opened without a minimum deposit.
CFDs are complex instruments, and the trader should note that their capital is at risk. 76.5% of CFDs retail investor accounts lose money when trading CFDs and have a high risk of losing their funds with this provider.
|This broker offers low fees||Offers only CFDs and forex|
|Web trading platform is easy to use||Withdrawal fees are higher|
|Account opening is easy and completely digital||Customer service needs to be improved|
Markets.com – Most Popular Trading Platform
In 2010, Markets.com was established, and it is one of the leading and most popular global CFD and forex brokers. Besides, it is regulated by top-level financial authorities such as Cypriot CySEC and the UK Financial Conduct Authority.
Moreover, Markets.com’s MarketsX trading platform is well designed and easy to use; the user can leverage several features like market analysis, integrated research, educational videos, and webinars.
MarketsX’s withdrawal and deposit methods are free and fast and the trader can leverage several options, including electronic wallets and credit or debit cards. The account opening process is quick and user-friendly and it also offers high-quality exhaustive research tools like good interactive charts and trading ideas.
CFDs retail investor accounts lose money when trading CFDs, and there is a high risk of losing money while using this provider.
|Account opening process is fast||Trading fees are higher|
|Offers excellent tools for research and learning||Restricted product portfolio|
|Offers free and fast withdrawal and deposits|
eToro Copy Trading Platform
eToro is one of the leading online trading platforms, established in 2007; it was formerly known as RetailFX and has become one of the best online brokers for social trading.
eToro’s Openbook social trading platforms have changed the way the trader in the financial trading markets trade. It has made it easy for every trader to access the forex markets, irrespective of the experience level of the traders.
eToro’s platform allows the traders to copy the trade strategies of other successful traders and execute strategies accordingly.
This broker offers leverage on commission-free stock trading. Besides, the account opening process is fast and easy.
Many CFDs retail investor accounts lose money when trading CFDs and there is a high risk of losing money while using this provider.
|Great social trading experience||Forex fees are higher|
|Account opening process is fast and easy||Withdrawals are slow|
|Stock and ETF trading is free||Offers one account base currency|
Interactive Brokers offers Lowest or Zero Commission Charges
Interactive Brokers is an international Forex broker service. It was ranked as one of the top broker services in the world in a 2020 Investopedia review. According to the review, Interactive Brokers offer a plethora of tools for beginner Forex traders and sophisticated forex investors. It tracks global Forex investing trends efficiently to help its customers.
This Forex broker firm helps connect electronic exchanges with Forex trade equities and futures in the UK and worldwide. Recently, Interactive brokers rolled out their advanced research tool to locate international Forex trading opportunities.
|Interactive Broker has a Replicator tool to find more profitable Forex pairs.||Streaming data from the firm takes place only on a single device for every trading instance.|
|The order router of this firm is innovative and designed for advanced Forex traders.|
|This broker provides multiple Forex trading offerings in the UK.|
LONDON CAPITAL GROUP (LCG)
LCG – Leading FX Brokers
LCG is one of the leading FX brokers. Unlike most other brokers, it offers a wide range of CFDs and spreads betting instruments over several different types of assets, including forex, cryptocurrencies, commodities, bonds, and stocks. LCG offers very low spreads and there are no commissions while trading with this brokerage firm.
LCG makes sure that the client funds are not mixed with corporate funds and are per the UK Financial Conduct Authority (FCA).
LCG offers leverage and helps the trader access several financial instruments that can be traded from the technical chart or a new order window.
LCG offers its users a demo version and it is free. Moreover, there are no differences between the demo version and the live version; a trader can use all the features and functionalities before they start live trading.
CFDs retail investor accounts lose money when trading CFDs and there is a high risk of losing money while using this provider.
|Excellent web-based trading platform||No automated trading|
|Excellent mobile app||Does not integrate third-party tools on the platform|
|Offers demo mode for free for its traders|
Pepperstone – Leading Trading Platform
Pepperstone is one of the leading Australian FX brokers that offers forex and CFDs. Pepperstone was established in 2010 and started its operations in London in 2015 to serve its European clients.
Pepperstone has grown remarkably since its inception. It has grown steadily over the past decade and now has a client base of more than 57,000. Its daily average transaction size is $12.55 billion.
Pepperstone users can leverage and access 150 trading instruments across equity, forex, indexes, CFDs, cryptocurrencies, and commodities. Their primary focus is on forex trading, with 61 currency pairs offered to the traders.
Trading CFDs comes with risks. 76.5% of CFDs retail investor accounts lose money when trading CFDs and there is a high risk of losing money when using this provider.
|Customer service is excellent||Offers only CFDs, forex and cryptocurrencies|
|Free withdrawals and deposits||Does not offer investor protection for non-EU clients|
|Equity, index, forex and CFD fees are low||Offers only basic news for its users|
FxPro – Forex and CFD Trading
Founded in 2006, FxPro is one of the best regulated Forex brokers in the world. It is operational in the UK and has cleared the tier-1 and tier-2 jurisdictions of the FCA.
FxPro is a low-risk Forex broker. It helps investors with instant Forex trading. The firm also trades CFDs on Forex pairs. FxPro has a flexible Forex brokerage service. Its pricing options and execution methods have been diversified.
FxPro is an industry leader in the Forex brokerage marketplace. It helps traders gain skills on MetaTrader and cTrader platforms. The firm also provides a proprietary Forex trading platform called FxPro Edge.
|The process of opening a forex trading account on FxPro is very easy.||The firm charges penalties on inactive Forex trading accounts.|
|The firm does not charge fees on deposits and withdrawals.|
|FxPro customer support service is excellent.|
ThinkMarkets – International Awards Customer Support Team
ThinkMarkets is a leading Forex trading and broker company. It is available for UK traders and provides access to an easy-to-use Forex trading platform. ThinkMarkets has several valuable tools for the Forex trading community.
ThinkMarkets offers exclusive services in three different languages for new and seasoned Forex investors. The firm also shares a decent library of educational resources that explain how it operates securely and safely. While trading financial investments such as foreign currency pairs, ThinkMarkets ensures that most of its retail investor accounts do not lose money.
|ThinkMarkets is an FCA-regulated Forex brokerage firm.||The platform does not enable fixed spread for Forex trading accounts.|
|The firm offers a Forex trading environment which is the best in the industry.|
|It does not have minimum deposit limitations.|
The trader should keep in mind that finding a perfect Forex broker is not always easy, especially if you are a new trader and do not know what you are looking for. As already specified, there are several factors to be considered before choosing a reliable forex broker.
By reviewing the various forex brokers given above, you should be able to select from the best forex brokers that suit your trading requirements. When you have chosen the right broker from the multitude of forex brokers available, you can start forex trading with confidence and thereby make more profits in the forex market.
Is forex trading legal in the UK?
Forex trading is completely legal in the United Kingdom, and there are regulatory and judicial authorities such as the FCA (Financial Conduct Authority) and several more. Moreover, the trader benefits from the customer services and the dedication offered by the brokers to keep the transaction secure. This is one of the reasons why forex brokers UK are considered the best.
What is the best forex broker for beginners?
Trading in the forex market can be profitable for both new and experienced traders. However, extreme caution should be exercised if you are a new trader looking for profits. By trading in the forex market, it is always best to start with a demo account to analyze, research, and refine the trading strategies. After gaining confidence, the traders can start with live trading.
How to choose the best forex broker?
To start trading with foreign exchange (Forex) currency, the trader should find a reliable forex broker among the available brokers in the market. A forex broker can be defined as a trading company that provides the trader’s access to their forex trading platform and enables them to buy and sell foreign currencies.