Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary.
- 6 Best Forex Brokers in the UK 🇬🇧.
- UK Forex Brokers | Best United Kingdom Registered FX Brokers.
- UK’s 10 Best Forex Brokers for 2021.
- stock options written.
- Featured Platforms.
A Product Disclosure Statement PDS can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.
Best trading apps - at a glance
The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. They are not suited to all investors, please ensure that you fully understand the risks involved, and seek independent advice if necessary. ActivTrades Corp is an international business company registered in the Commonwealth of the Bahamas, registration number B.
The information provided on this website is general in nature only and does not constitute personal financial advice. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. You may lose more than your initial deposit. We recommend that you seek independent advice and ensure fully understand the risks involved before trading. It is important that you read and consider disclosure documents before you acquire any product listed on the website. The information and advertisements offered on this website are not intended for use by any person in any country or jurisdiction where such use is contrary to the local laws and regulations.
Products and Services offered on this website is not intended for residents of the United States. Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors.
Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Foundation Year : Headquarters : Warsaw, Poland. For Forex, XTB supports 48 currency pairs with low-cost spreads. For leverage accounts, this brokerage offers leverage of up to XTB was founded in with a headquarters in Warsaw.
XTB has a free demo account and a Trading Academy set of courses for beginner and intermediate traders. Headquarters : Iapetou 2 ag. Spreads start from zero pips on the Raw Spread accounts with commission-payable. The Standard Account offers commission-free trading with spreads from just one pip. The broker also offers demo trading accounts and Islamic swap-free accounts. Users have access to a range of accounts including the Standard Account commission-free and Raw Account commission-based for MetaTrader users, both offering ECN pricing and maximum leverage of Users can also access Iress Accounts which are commission-based.
They also offer a demo trading account and Islamic swap-free account. The brokerage firm also maintains offices in several jurisdictions such as Australia and South Africa. The broker is well known in the online trading community for suffering massive losses when the Swiss franc was unpegged from the US dollar in Having recovered from the crisis, FXCM today is focused on catering to the trading needs of both beginner traders and experienced traders.
Best forex brokers in - Fee comparison included
It also holds an Australian Financial Services Licence and segregates client funds from its own, holding them with tier 1 Australian banks Westpac and National Australia Bank. This can be done from 2 types of trading accounts. The broker also offers educational events via live analysis and educational webinars and seminars, as well as a beginner to advanced courses in its Trading Academy.
Users can also access AutoChartist and live trading alerts via Telegram, depending on account type. Tickmill was founded in and is regulated around the world. The broker also offers a demo trading account and Islamic swap-free account. This is on top of the research provided by CopyTrading providers in their own channels. Ever since the global financial crisis in , the number of new forex brokers joining the industry has plummeted tremendously.
25 Best UK Forex Brokers for 2021
In addition, we also see a large number of brokers exiting the industry entirely. In a highly competitive industry such as the online forex trading industry, only the strongest get to survive. While this means that only the established brokers stick around to offer their services, you still need to do all the due diligence to ensure that the forex broker that you partner up with is the right broker for you.
In this case we have conducted all the due diligence on your behalf. First you need to establish your trading needs. To find the best forex broker that will meet these needs will require some research. Since there are hundreds of brokers on the internet that are trying to compete for your custom, there will definitely be plenty of choice. Nevertheless, these brokers must comply with a certain set of criteria before they can even be considered. First of all, you need to ensure that the broker can be trusted to handle your money.
In addition, you also want a broker that can provide you with a reliable trading platform to trade with. Of course, there are also other factors that you look at such as the trading cost in terms of commissions and spreads, as well as account types available, customer support and other value added services. The OTC market is largely unregulated hence leaving the field wide open for scam brokers to try and scam unsuspecting traders.
Nevertheless, you can protect yourself by trading only with regulated brokers. Regulated brokers unlike their unregulated peers, operate within the strict confines of the regulations imposed by the regulatory authorities. These regulated brokers are usually based in major financial centers around the world such as London, Singapore, Hong Kong, Tokyo and New York.
Because forex brokers are operating in different jurisdictions, the regulatory requirements of each broker are different.
Nevertheless, there are certain requirements which are considered the industry standard and are followed by regulatory authorities from all over the world. Another standard requirement among regulated forex brokers in the industry is the need to maintain a specific level of liquidity to ensure that the broker has enough liquidity to meet their contractual obligations.
For a UK based trader, the best option is to look for brokers which are regulated by the UK regulatory authorities. It is financed by the membership fees collected from the members that it has oversight over. In addition, FCA regulated brokers are required:. The aim of this scheme is to compensate traders of the loss of the money in the event the broker runs into insolvency issues.
Apart from regulatory oversight, another important factor that needs to be carefully evaluated is the choice of trading platform that the broker has provided. Most brokers usually provide their traders with a selection in order to cater to the different categories of traders in the online trading community. These platforms are usually in the form of a desktop application, web based platform or a mobile trading app. The platforms may also be proprietary built by the firm itself or for the firm or provided by a third party trading solutions provider such as MetaQuotes Software, the developer of the popular MetaTrader 4 platform.
The next thing that you need to be concerned about is the trading cost. This can take the form of commission charges or spreads or a combination of both. Most forex brokers in the industry do not charge commissions on the trades that they execute unlike in the equity market. Instead, traders are required to pay a small spread in lieu of the absence of commission charges. Depending on the currency pair, it is usually less than 5 pips for the most frequently traded currency pairs.
With spreads, you want to know if the broker offer fixed or variable spreads. Variable spreads on the other hand is dependent upon the market conditions. With this business model, the broker simply relays your orders to the interbank market where it will be matched. For this service, the broker usually charges a commission on top of the spreads that you pay on the interbank market.
Usually the commission is based on a small percentage of the trading volume. In addition to trading costs, check how much leverage is the broker offering. The leverage ratio is simply the amount of capital which you can borrow from the broker to increase your market position. For example if a broker is offering a leverage ratio of , this mean for every pound in your trading account, you can increase your investment by a factor of Take note that while it is possible to increase your profit potential with leverage trading, the risk of losing more than what you invested also increases when you use leverage.
The types of trading accounts that are available vary from broker to broker.