Best Forex Brokers UK
If you are looking to trade forex, you may be wondering which are the best forex brokers in the UK. Within this article, I have managed to take out the guesswork by performing hours of meticulous research into the best UK forex brokers and the best forex trading platforms, with the highest safety regulations for every level of trader from complete beginners to skilled traders and institutions.To get more news about forex broker reviews, you can visit wikifx.com official website.
Trading forex is tightly regulated by the FCA (Financial Conduct Authority) in the UK, and therefore you can rest assured that all the UK forex brokers I have listed here fall under that regulation.
eToro: Best forex broker for copy trading
The thriving community of traders utilising the eToro trading platform makes it the perfect forex trading account for copy trading, providing scope to mirror the trading activities of experienced traders with proven track records. Copied traders that use eToro are offered an incentive to continue making successful trades, turning a profit for themselves, and in turn, anyone copying their trades.
eToro is a great option for people just venturing into the forex space with more than 3 million traders available to copy and options to filter by returns, popularity among copiers, and the number of forex markets they are active in. Copy Trading can help increase profitable trades by relying on the experience and knowledge of other traders.
In addition to this eToro is highly competitive when it comes to fees and range of currency pairs with over 45 pairs available to choose from all available from both the web and your mobile device.
New traders looking to expand their knowledge and education need look no further than AvaTrade. AvaTrade is one of the oldest online UK forex brokers and is heavily regulated on several continents.
Whilst AvaTrade are an excellent choice for copy trading, trading on mobile and low-cost trading, where they really stand out is with their investor education with their extensive content from both in-house staff and third-party providers including SharpTrader. There are almost 60 articles for beginners and 29 for skilled traders which can help provide insights into the kind of activities that could influence market movement.
In addition, AvaTrade offer traders video content including platform tutorials and webinars explaining the more complex aspects to forex trading.
Plus500 have a slick, intuitive web and mobile platform with an excellent range of tools to trade in various asset classes via CFDs. In terms of fees, the commission-free trading and low non-trading fees make this forex broker highly competitive.
For forex traders who conduct their trades on the move, the Plus 500 mobile app is compatible with most android devices and smartwatches. From here traders can access all the great functionality and in-depth analysis as well as execute trades and manage their trading accounts. There are also several risk management tools to help minimise losses.
Plus500 also offer a free demo account so traders can test the platform completely risk-free. There are over 60 forex pairs which can be traded as CFDs, with leverage for trading and 24/7 support.
Plus500 is a publicly-traded company that is listed on the London Stock Exchange (LON: PLUS) as well as being regulated by the Financial Conduct Authority to offer forex trading to UK traders.
Saxo Markets provide access to over 40,000 financial products, making them one of the most extensive offerings on the market. They also come in as a low-cost option with one of the most competitive spreads available at 0.4 pips on major forex pairs.
In addition, Saxo have managed to successfully bridge the gap between beginners and experienced traders by providing dedicated platforms that match your level of experience. SaxoTraderGO is the beginner-friendly version allowing users to trade Forex in a user-friendly environment. SaxoTraderPRO is for more advanced traders who might benefit from the six screens available and algorithmic ordering.