For the beginner forex trader, there are many options available. Luckily, the United Kingdom has a regulated market and this makes it easier for those with limited knowledge of forex trading to start trading in the country. UK-regulated forex brokers offer a wide range of products and services, including a demo account and a range of CFDs. CFDs come with a high level of leverage and the risk of losing money rapidly is high.
In addition to forex trading, a good forex broker in London should also offer other products specific to the UK market. This can include eToro, a popular social trading platform, or spread-betting, a form of trading that helps limit a trader’s capital gains liability. The broker should also offer a wide range of products and services, including CFD trading and direct listed shares. In addition to forex trading, the best forex broker in London should offer other trading tools, including spread-betting and trading robots.
Pepperstone is the fastest FCA-regulated forex broker in London. It has an extensive range of trading tools and a world-class customer support team. Eightcap, a no-dealing-desk broker, offers STP or ECN ‘like’ pricing. In most cases, the spreads on EUR/USD are as low as 0.0 pips. In addition, the platform offers mobile trading. The mobile app works seamlessly with the web browser version.
If you are looking for a forex broker in the UK, it’s important to compare the platform and trading services offered by different firms. Some brokers offer proprietary trading platforms, while others have MT4 or a proprietary platform. Others offer mobile trading and are geared toward the needs of high-volume traders. These are the top three Forex brokers in London. You can choose from these companies based on your own personal requirements and preferences.
UK-based Forex brokers provide their clients with the best resources to make informed trading decisions. The UK’s financial industry remains a global leader in terms of financial infrastructure and expertise. With an extensive network of financial firms, access to a broad range of financial products is guaranteed and support is unrivaled. And the UK’s regulatory environment means that it offers a distinct edge in financial services overall. A UK-based Forex broker’s reputation is also the key to their success.
Plus500 has been declared the best CFD broker in the UK, based on the number of client relationships. The firm offers the most popular trading instruments, including FTSE 100 stocks, Bitcoin, GBP/USD, and EUR/USD. Its proprietary platform provides traders with a powerful and flexible trading experience, and its lack of a sales team may be a deterrent to newcomers. In addition, Plus500 also provides excellent support.
UK-based Forex brokers should be regulated by the Financial Conduct Authority (FCA), the primary global regulator. Having a license from the FCA gives traders peace of mind. However, the presence of FCA regulation does not necessarily mean that the broker is trustworthy. If you are looking for a broker in the UK, you should check whether the broker is regulated by the FCA. Moreover, the FCA requires UK-based brokers to have at least PS1 million in operating capital, which ensures the safety of consumers. In addition to these two factors, the FCA also requires trading and investment services to maintain a separate operating account for clients.