It goes without saying that forex trading is one of the most popular ways to trade nowadays. Given that the UK is considered a financial global hub, then it was somewhat expected that the country would host some rather outstanding brokers, known particularly for their reliability, transparency, and quality.
The above facts – besides a convenient time-zone, loose regulations, and generous tax laws – have made the UK a true forex empire. Therefore, it’s only natural to take a look at the best forex brokers that someone can rely on!
So, if you want to open (an) investor or trading account with (an) UK Forex broker, then the list below presents you with the best of them!
Known as an award-winning CFD platform, XTB was founded in 2002 and supports commodities, indices, ETF CFDs, stock CFDs, Forex, as well as cryptocurrencies.
Overall, XTB supports a total of 48 currency pairs with relatively low-cost spreads. If you use this broker, then you can choose to trade on either MT4 or xStation 5 platforms.
Naturally, XTB is regulated – by the FCA, IFSC, CySec, and KNF. The broker comes with a Trading Academy as well as with a demo account for those who want to join the forex trading world.
FxPro was founded in 2006 and is known as an international CFDs and forex broker. Serving clients from more than 150 countries, FxPro also offers several kinds of asset classes that cover more than 200 types of assets.
The broker features multiple trading platforms – MT4, MT5, and cTrader – no dealing desk executions to avoid conflicts of interest, free withdrawals and deposits, as well as a long track history.
Founded in 2007, eToro is one of the more popular forex brokers, mainly due to its extensive marketing strategy that covered more than just mainstream social media.
However, eToro is not successful because of their marketing only. The platform is known as a pioneer online broker for social trading. In short, eToro is the broker that made the markets we see today available to everyone.
The main advantages of this broker are the fact that it is highly regulated – by ASIC, CySEC, and FCA – features an innovative trading platform, gives its users the ability to earn a roughly 2% management fee as an investor trader, and comes with a wide range of assets.
Plus500 was founded in 2008 and is known as a leading CFD trading platform. It supports indices, stocks, Forex, and cryptocurrencies. Moreover, Plus500 is a commission-free broker that charges very low-spread rates – on top of that, it also offers fast trades.
Given that the broker supports complex trades, it includes features like negative balance protection and such – making trading both a profitable and educational venture.
The Bottom Line
Naturally, there are more good brokers in the UK that you can use – these were only a couple of the best. Overall, it doesn’t matter how popular the broker you use is as long as they are reputable enough – or highly regulated.
The Forex broker you use may not come with any reviews or such, but if the community using it is friendly and can vouch for it, then you’ve found yourself a good broker.
However, until you start exploring the brokers you find on your own, it is recommended that you start your trading ventures with some of the best and most reputable that you can find!