best forex brokers uk reviews

21 Best Forex Brokers UK Reviews 2023

Forex trading is perhaps one of the most straightforward financial markets to enter. Simply open and fund an account with a regulated online broker to get started.

Forex does necessitate some preliminary research to determine which one is most suited to your trading needs and level of experience.

The Forex market in the United Kingdom is fiercely competitive, and not all Forex brokers are appropriate for all types of traders. Each trader must first assess his or her needs and trading style before picking a UK-based Forex broker.

However, with our best forex brokers UK reviews today, We are confident that you will be able to select the right forex broker in the United Kingdom for your trading needs. This article examines the most important factors to consider as well as our well-researched list of the top 21 forex brokers in the United Kingdom.

A quick disclaimer: 67% of retail investor accounts lose money when trading Forex and CFDs. You should consider whether you can afford to take the high risk of losing your money.

Best Forex Brokers UK Reviews List

The following is a summary of the best forex brokers UK review for 2024:

  1. Vantage FX – Overall Best
  2. FP Markets
  3. Pepperstone
  4. Plus500
  5. Exness
  6. IC Markets
  7. HotForex
  8. FXCM
  9. CMC Markets
  10. XTB
  11. IG Markets
  12. eToro
  13. Saxo Bank
  14. ActivTrades
  15. FX Pro
  16. ETX Capital
  17. Octa FX
  18. Market.com
  19. Admirals
  20. IronFX
  21. AvaTrade

21 Best Forex Brokers UK Reviews

The trading platforms were compared based on forex broker UK FCA laws, spreads, speeds, and service to aid in the selection of a UK forex broker. Beginner to sophisticated traders were classified among the top UK forex brokers.

1.  Vantage FX

  • Minimum deposit: $200
  • Regulators: FCA, CIMA, VFSC, ASIC
  • Multi-platform: Yes
  • Spread on majors: 0.0 – 1.4 pips
  • Maximum Leverage: 1: 500

Recommended for: Beginners, Intermediate and Advanced

Vantage FX is a brand name of the Vantage International Group, which is authorized by the Cayman Islands Monetary Authority (CIMA) and advertises the segregation of client money stored in Australia's AA-rated National Australia Bank (NAB).

Vantage FX now offers 44 currency pairs and 290 CFDs (including cryptocurrency, shares, commodities and indices). Because of ASIC and the FCA's oversight, Vantage FX is well-known and regarded as a safe broker. Vantage FX provides market access via the popular MT4 and MT5 platforms, as well as a feature-rich mobile app.

Vantage FX operates on 3 major account types:

  • Standard STP: This no-commission account works with all trading instruments and has a minimum spread of 1.4 pips, making it ideal for beginners. A $200 deposit is required.
  • Raw ECN: This account is designed for more experienced traders, with commissions starting at $3 per lot per side and spreads starting at 0.0 pips. A $500 minimum deposit is required.
  • Pro ECN: For expert, high-volume traders, this offers a $2 per lot per side commission with spreads as low as 0.0 pips. A deposit of $20,000 is required. Read more…

Vantage FX is regarded as a trustworthy, transparent broker that provides social and copy trading without being unduly expensive in terms of non-trading charges or commissions.

Vantage FX supports the MetaQuotes WebTrader platform, which enables quick and easy access to MetaTrader 4 and 5 trading accounts via PC, laptop, and mobile devices.

You can trade utilizing a variety of indicators, technical analysis tools, and one-click trading on the MT4/MT5 platforms as well as ZuluTrade, DupliTrade. MyFXbook, and MetaTrader Signals.

The Vantage FX app gives you access to global markets no matter where you are or what time it is. It is the ideal way to trade on the go while still having access to a full array of trading tools and technical indicators, and it is available for both iOS and Android smartphones.

Start Trading with Vantage FX Broker  and Claim Your 50% Welcome Bonus Package Today –  Click Here

The app provides support 24 hours a day, seven days a week, as well as a variety of worldwide market news.

Recommended read: Full Vantage FX Review

Vantage FX Pros and Cons

PROSCONS
ASIC regulatedLimited Share CFDs on offer.
Forex ECN Trading
U.S and Hong Kong Share CFDs.
Segregated client funds with the National Australia Bank (NAB).
Excellent customer support and education tools.
Trading bonus and promotional deals that are one-of-a-kind.
Multilingual customer support 24/7.
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Signup to VantageFX.com

2.  FP Markets

FP Markets is an Australian brokerage firm that first opened its doors in 2005. They have built out a solid place for themselves as the best Forex / CFD broker under ASIC regulation, with headquarters in Sydney, Australia's financial city. First Prudential Markets Ltd, which is authorized and regulated by the Cyprus Securities and Exchange Commission, is part of the FP Markets group of enterprises.

The broker allows traders to trade over 10,000 different financial instruments, including Forex, stocks, metals, commodities, indices, and cryptocurrency CFDs.

MetaTrader users can choose from a variety of accounts, including the Standard Account (commission-free) and Raw Account (commission-based), both of which offer ECN pricing and a maximum leverage of 500:1. Iress Accounts, which are commission-based, are also available to users.

FP Markets Pros and Cons

PROS:CONS:
ASIC regulated.10,000+ tradable financial instruments.The number of markets and accounts available may be limited.
DMA trading and ECN pricing are both available.
Wide range of trading platforms and trading tools available.
Customer service and instructional tools are excellent.

Visit Broker Site

3.  Pepperstone

Pepperstone, which was founded in 2010, was quick to respond to the social copy trading trend, offering a variety of tools for traders to share and emulate trading strategies.

It offers two types of accounts, each with over 60 currency pairs:

  1. Standard — This account features market average spreads and no commissions.
  2. Razor — This account is commission-based, although it has extremely tight spreads.

Pepperstone does not have its own platform, but it does support MT4, MT5, and cTrader for copy trading, as well as ZuluTrade, MyFXbook, and MetaTrader Signals.

Although no minimum deposit is required, Pepperstone suggests a deposit of at least £500.

Pepperstone pros and cons

ProsCons
Fast and fully digital account openingOnly forex and CFDs
Great customer serviceBasic news flow
Seamless and free deposit and withdrawal

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4.  Plus500

Plus500 is a fixed-spread forex broker offering easy-to-use trading platforms and a variety of tools to help you maximize your profits. Forex, Indices, Options, Shares, ETFs, and Commodities are just some of the asset types that can be traded.

The spreads reward the broker, thus there are no additional flat commission fees and modest non-trading fees. Plus500 is regarded as a reliable broker because it is regulated by the FCA (Financial Conduct Authority of the United Kingdom) as well as other top-tier financial regulators throughout the world, including ASIC (Australia), FSCA (South Africa), FMA (New Zealand), MAS (Singapore), and CySEC (Cyprus) (Cyprus).

Plus500 has a proprietary webtrader platform as well as apps for iPhone, iPad, wearables, Android, and Windows devices, making it one of the best UK brokers. Users may conduct in-depth analysis, manage accounts, and execute trades on over 2000 financial instruments using the mobile app's fully featured trading environment.

Plus500 Pros and Cons

PROS:CONS:
Multiple regulations from around the world – FCA, CySEC, ASIC, MAS, ISA.No phone support offered.
More than 2,500+ CFDs to trade on, covering multiple asset classesLack of market news and trader education.
Commission-free trading
Platforms for proprietary trading are simple to use
Multilingual customer support 24/7.

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5.  Exness

Exness is one of the world's largest forex brokers, with an easy-to-use proprietary trading platform. They were founded in 2008 and now have over 52,000 active traders with a monthly trading volume of $673.6 billion USD in December 2020. In terms of traded volume, this places them among the top brokers.

With their ECN account, Exness offers a very low spread of virtually zero pips. They are currently regulated by the FSCA, as well as two other top-tier regulators, the FCA (UK) and CySEC (Cyprus). As a result, we believe trading with them to be extremely secure.

Exness has earned multiple honors as a retail broker because it provides solid and dependable brokerage services, as well as a comfortable trading environment tailored to the most discerning traders, with tight spreads and no hidden commissions starting at 0.1 pips. The trading procedure is carried out on the user-friendly MT4 platform, which allows you to trade a variety of CFDs and Futures on a variety of markets.

Exness Pros and Cons

ProsCons
Global Broker with offices in Cyprus, UK and SeychellesNo multi-currency accounts
Range of instrument including Forex and CFDsLimited range of instruments
Suitable for both beginners and Professionals
Based on MetaTrader technology
Advanced range of research tools and analysis

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6.  IC Markets

IC Markets is a multinational forex broker situated in Australia that was launched in 2007. The Cyprus Securities and Exchange Commission (CySEC), the Seychelles Financial Supervisory Authority (FSA), and the Australian Securities and Investments Commission all regulate the corporation (ASIC).

Raw Spread (cTrader), Raw Spread (MetaTrader), and a Standard Account are the three main trading accounts offered by the firm (MetaTrader). On Raw Spread accounts with commission-payable spreads, spreads begin at zero pips. The Standard Account allows you to trade commission-free with spreads as little as one pip. Demo trading accounts and Islamic swap-free accounts are also available from the firm.

IC Markets Pros and Cons

PROS:CONS:
Accounts with raw spreads and institutional liquidity are available.The variety of markets and platforms available to new traders might be overwhelming.
Commission-free trading available.Slow live chat support
MetaTrader and cTrader available on desktop, web and mobile.
Impressive library of educational material and videos.
Low forex fees

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7.  HotForex

HotForex is a well-known forex and CFD broker that first opened its doors in 2010. It's the brand name of the “HF Markets Group,” which has clients in over 200 countries. It is a well-known broker, with over 2.5 million active accounts. The Australian Securities and Investment Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Conduct Authority (FCA) all regulate the company.

HotForex is a multi-asset broker that provides Forex and commodity CFD trading services through a variety of seven account types and trading platforms, all with tight spreads of EUR USD 0.1. The broker provides unfettered liquidity, allowing any size or profile trader to choose from a variety of spreads and liquidity providers through automated trading platforms and strategy performance.

HotForex Pros and Cons

ProsCons
Founded in Cyprus known for its great technologyOnly Forex and CFDs products
Regulated by the financial Investment Commission ASIC, CySEC, Financial Conduct Authority FCA
Broker offering a wide range of Forex and commodity markets.
Numerous industry awards
Low Fees

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8.  FXCM

FXCM, based in Johannesburg, South Africa, is one of the world's oldest forex brokers. FXCM ZA is a subsidiary of the FXCM Group, which was founded in 1999 and is regulated by a number of regulatory bodies. The FSCA regulates FXCM South Africa (PTY) Ltd.

They are well-known for their dependable and easy-to-use trading platform, which rarely hangs when opening or finishing trades. Although their spread is not the lowest, it is still competitive when compared to other brokers.

It has a limited number of currency pairs, with only 39 accessible, and its spreads are slightly higher than the market average.

However, its Active Trader account offers very cheap pricing for those wishing to trade frequently and in large volumes.

FXCM also offers a variety of trading platforms, including MT4, NinjaTrader, ZuluTrade, and Trading Station, its own proprietary platform.

On several major pairs, leverage up to 30:1 is offered, and ordinary accounts demand a minimum deposit of £300. A £25,000 minimum deposit is required for the Active Trader account.

FXCM Pros and Cons

PROS:CONS:
Regulated by the UK, Australia and South Africa authorities.Limited product portfolio
There are numerous trading platforms to choose fromNo longer accepts clients from the United States.
Numerous free trading tools provided
The minimum deposit amount is low
Comprehensive educational section

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9.  CMC Markets

CMC Markets has a restricted product offering, with cheap forex trading fees but hefty CFD expenses. It provides comprehensive analytical resources as well as good educational tools. Customer support is also excellent, and may be reached by phone, email, or live chat.

The web and mobile platforms are attractive, flexible, and easy to use. A desktop platform is available, however it is not particularly user-friendly.

CMC Markets offers a wide product choice, narrow spreads, and automated execution to traders interested in spread betting. Clients of CMC can trade in the Forex, Index, Treasury, and Commodity markets for long or short positions. Gains are subject to fewer taxes than other financial products, and there are no commission fees because the broker is reimbursed by the spread.

CMC Markets pros and cons

ProsCons
Low forex feesHigh stock CFD fees
Great web and mobile platformsLimited product portfolio
Advanced research and educational toolsComplicated account verification

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10.  XTB

XTB is a Warsaw-based company that was created in 2002. Forex, indices, commodities, stock CFDs, ETF CFDs, and cryptocurrencies are all supported by this award-winning CFD platform. XTB offers low-cost spreads on 48 currency pairs in Forex. The IFSC, FCA, KNF, and CySec all regulate it in European markets.

XTB is a forex and CFD broker that caters to both new and experienced traders. Forex commissions are cheap, whereas CFD commissions are substantial. In addition, there is a cost for inactivity.

The mobile, online, and desktop platforms all have a customizable, user-friendly interface. The platforms have an excellent search feature that allows users to browse asset categories and product kinds in a variety of ways. Customers of XTB can trade on either the xStation 5 or the MT4 platforms. This brokerage provides up to 200:1 leverage for leveraged accounts.

XTB Pros and Cons

PROS:CONS:
Choose between two excellent trading platforms (xStation 5 or MT4 platforms).There are fewer Forex pairings than some of the leading competitors
There are almost 3000 trading instruments spread across six asset groups in this collectionNo 24/7 support
Low spreads

Visit Broker Site

11.  IG Markets

IG was founded in the United Kingdom in 1974 and is now one of the world's largest CFD brokers. It is regulated by a number of authorities around the world, including top-tier regulators such as the Financial Conduct Authority (FCA) in the United Kingdom and the Federal Financial Supervisory Authority in Germany (BaFin). The IG Group is a publicly traded company on the London Stock Exchange.

The web trading interface from IG is well-designed, user-friendly, and customizable. You'll also find a variety of educational resources to help you learn. It's simple to deposit and withdraw money, and there are several choices available.

IG's trading fees for forex and stock CFDs, on the other hand, are quite expensive. The product offering is limited, as IG only offers CFD and options trading in most countries. Customer service could also be improved..

IG Pros and Cons

ProsCons
First-class web trading platformHigh forex and stock CFD fees
Superb educational toolsLimited product portfolio
Seamless deposit and withdrawal options Slow customer support

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12.  eToro

eToro was created in 2007, and its various companies are licensed and regulated all around the world. The Cyprus Securities and Exchange Commission (CySEC), the UK Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission are all involved in this (ASIC).

The eToro trading platform and mobile app offer a wide range of products, including the opportunity to trade on more than 2,000 financial CFD instruments, including Stocks, Indices, Commodities, Currencies, and Cryptocurrencies.

CopyTrader, eToro's most popular tool, also allows users to access pre-made CopyPortfolios, open zero-commission Investing Accounts, Professional Accounts, and social trading services.

eToro Pros and Cons

ProsCons
Free stock and ETF tradingHigh non-trading fees
Seamless account openingOnly one account base currency
Social trading experience Customer service might be better.

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13.  Saxo Bank

Saxo Bank is a Danish investment bank that offers online trading and financial services. It was created in 1992. Several financial regulators throughout the world supervise the corporation, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA).

Saxo Bank is a global service provider with subsidiaries operating as separate legal entities in various parts of the globe. The services provided by each entity may differ slightly, particularly in terms of fees and product ranges. 

An excellent and well-designed trading platform drives the Saxo trading experience. Saxo's exclusive research staff is continually giving trade ideas, therefore the research service is also excellent. Saxo provides a diverse product selection to fulfill the demands of even the most seasoned traders.

The fees for trading bonds, options, and futures with Saxo are hefty. The minimum deposit is quite hefty, ranging from $600-2,000 depending on where you live. There is no live chat customer service or availability 24 hours a day, 7 days a week.

Saxo Bank Pros and Cons

ProsCons
They are trustworthy and reliableHigh entry threshold – from $10,000
European regulators' licensesThere is a limited number of deposit and withdrawal options.
Functional trading platform – one of the best in the marketHigh bond fees

Large number of assets for trading.
There are diverse tools for passive investment.
Strong analytical department, well-known for strategic forecasting.

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14.  ActivTrades

ActivTrades is a multinational forex broker that first opened its doors in 2001. It is governed by the Financial Conduct Authority (FCA) of the United Kingdom and the Bahamas Securities Commission (SCB).

In 2005, the firm relocated its headquarters to London in the midst of fast expansion across Europe, becoming the market leader in Italy, Germany, and France, followed by Australia, South America, Russia, and Southeast Asia. ActivTrades just opened an office in Dubai to address the Middle East's trading needs.

ActivTrades provides a variety of advantages that make trading the financial markets easy and enjoyable while also providing traders with the tools they need to be successful in the short and long term.

Trading fees are inexpensive at ActivTrades. The account opening process is straightforward, and deposits and withdrawals are both free.

The product portfolio of ActivTrades is limited, and its research tools are minimal. There is a cost for inactivity.

ActivTrades pros and cons

ProsCons
Low forex feesProduct range is limited.
Outstanding account openingBasic research instruments
Free deposit and withdrawalThere is an inactivity fee

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15.  FX Pro

FxPro was established in 2006 as a global CFD and forex broker. Several financial regulators throughout the world supervise it, including the UK's top-tier Financial Conduct Authority (FCA).

As an online forex broker, it has significantly improved its service since then, owing to its goal and commitment to a client-centric strategy. FxPro is now one of the largest Forex Brokerages, serving individual and institutional clients from over 170 countries with over 1,866.000 trading accounts.

The account opening process at FxPro is quick, easy, and user-friendly. FxPro has a strong customer support team that responds quickly and effectively and can be reached in a variety of languages. You have a variety of deposit and withdrawal options to choose from, all of them are free.

FxPro pros and cons:

ProsCons
• Superb account opening process• Only CFDs and forex
• Outstanding client service• Some stock CFDs have high trading costs.
• Free deposit and withdrawal• Inactivity fee

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16.  ETX Capital

ETX Capital, formed in 1965, is one of the first financial firms to offer online brokerage services. It has been a part of Guru Capital, a Swiss-based private equity fund, since October 2020, when ETX Capital added corporate brokerage services to its portfolio. The award-winning proprietary ETX TraderPro trading platform is available to clients, and it is a terrific solution for manual traders.

For automated traders, the MT4 trading platform is also accessible, and ETX Capital offers an upgrade package called ETX MT4 Remastered. ETX has garnered honors for its great in-depth teaching part, which is available to new traders. It is one of the best available and is made up of well-thought-out lessons.

ETX Capital  Pros & Cons

Pros

  • Over 50 years of experience as an FCA-regulated broker in the UK
  • Excellent proprietary trading platform
  • ETX TraderPro plus MT4 plugins
  • Competitive asset selection
  • Quality educational content for new traders, including live webinars
  • Low minimum deposit

Cons

  • Despite ETX's promotion of research as a benefit, there isn't much of it.

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17.  Octa FX

OctaFX.com has been offering clients with a wide choice of trading alternatives with cheap initial deposits since it was founded in 2011. It has won multiple industry awards for its exceptional online trading services and platforms. OctaFX is a brand that is shared by two different broker companies.

Octa Markets Cyprus Ltd, which operates under the domain OctaFX.eu, is a Cyprus-based investment firm authorized by the Cyprus Securities and Exchange Commission (CySEC). This allows users to trade with a broker who is regulated by the European Union and offers higher levels of protection.

OctaFX Pros & Cons

Pros

  • Account setup is simple, and the minimum opening balance is modest.
  • Scalping, hedging, and EAs are all permitted strategies
  • Shariah-compliant options are available for all account types
  • You can get up to 500:1 leverage with negative balance protection No registration fees or commissions

Cons

  • – Not available to US customers
  • – Some assets and currency pairs are not available to trade

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18.  Market.com

Markets.com is a global CFD and forex broker that was established in 2008. It is governed by several financial authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority of the United Kingdom (FCA).

Markets.com, a subsidiary of the UK-publicly traded and FTSE 250 constituent Playtech PLC, provides traders with one of the most trustworthy, secure, and competitive brokers. It has four subsidiaries that are regulated in the United Kingdom, Cyprus, Australia, and the British Virgin Islands, with the latter two offering the best trading conditions.

Markets.com has two brands that provide services and platforms. The Marketsi platform is used for stock trading and investing, whereas the Marketsx platform is used for CFD trading.

Markets.com uses the MT4 and MT5 trading platforms in addition to its proprietary trading platform. Traders can also access fourteen high-quality trading tools, including sentiment, technical, and fundamental indicators. They give Markets.com clients a significant competitive advantage.

Markets.com pros and cons

ProsCons
Deposit and withdrawal are both free and quick.High forex fees
Easy and fast account openingLimited product portfolio
Great tools for learning and researchPlatforms are missing key features.

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19.  Admirals

The Admiral Markets Group, which was founded in 2001, is regulated in two tier-1 jurisdictions (the UK FCA and Cyprus CySEC) and one tier-2 jurisdiction (Australia's ASIC), making it a safe choice for retail investors looking for a partner for forex and CFDs trading.

Admiral Markets, now Admirals, is a leading provider of online trading services, offering investment services for trading with forex and CFDs on indices, metals, energies, stocks, bonds, and digital currencies. This broker's popularity is growing all the time.

Admiral Markets UK Ltd is a company registered in England and Wales under the company number 08171762. 60 St. Martins Lane, Covent Garden, London, United Kingdom, WC2N 4JS is the principal and registered office. Admiral Markets UK Ltd is licensed and regulated by the Financial Conduct Authority (FCA) under licence number 595450.

With over 4,000 assets available, this broker provides an excellent upgrade to the basic MT4 and MT5 trading platforms, allowing traders to conduct proper cross-asset diversification. Spreads in the Zero MT4 account are as low as 0.1 pips.

Admiral Markets Pros & Cons

Pros

  • Multiple jurisdictions are involved in the regulation.
  • Accounts with no commissions
  • Tight spreads & rapid trade execution speeds
  • User-friendly trading platforms
  • Advanced trading instruments
  • CFDs on 4,000+ currencies, energies, metals, agricultures, indices, bonds, ETFs, and stocks are available.
  • 4,500+ single shares and ETFs
  • MetaTrader Supreme Edition
  • Premium Analytics
  • Minimum $1 deposit
  • Islamic accounts

Cons

  • No US clients
  • Inactivity fee

Visit Broker Site

20.  IronFX

IronFX is an internationally recognized brokerage and investing organization. IronFX offers retail and institutional clients a variety of trading products and services, including a wide range of trading tools, cutting-edge trading platforms, and multilingual assistance available 24 hours a day, seven days a week.

IronFX is a multi-asset brokerage that trades over 300 instruments across six asset classes, including forex, metals, indices, commodities, futures, and stocks.

The organization claimed to be one of the most well-known online brokerage firms, with a diverse range of services for investors and a slew of global awards, all of which should attest to the firm's trustworthiness.

IronFX Pros and Cons

Pros

  • Trading Central's technical analysis platform is available for free.
  • On certain accounts, maximum leverage of up to 1:1000 is possible.
  • 200+ markets to trade, covering Forex, Metals, Indices, Commodities and Shares.

Cons

  • No financial institution regulates or licenses it.
  • No MetaTrader 5.

Visit Broker Site

21.  AvaTrade

AvaTrade was formed in Dublin, Ireland, in 2006. They are one of the world's largest and most well-known Forex / CFD brokers, with a reputation for providing clients with the option of fixed or floating spread cost of trading models. They are favored by traders who are concerned about the security of their investment, which can be safeguarded in Ireland thanks to a strong investor deposit protection law.

AvaTrade is directly regulated in the United Kingdom, Australia, Japan, South Africa and Ireland (and, by extension, the European Union). Ava's maximum leverage offers runs from 400 to 1 outside of the European Union.

TThe platforms are relatively user-friendly, with limited customizability and a good search capability. AvaTrade also has an order type called AvaProtect, which is designed to help safeguard against losses.

With a modest minimum deposit, account opening is quick and easy. There isn't a two-step login option. Fees for inactivity are higher than on other platforms.

AvaTrade pros and cons

ProsCons
Account creation is simple and quick.Only CFDs, FX, and cryptocurrency are available.
Free deposit and withdrawal optionsHigh inactivity fees
Excellent research resourcesAverage forex fees


Visit Broker Site


What To Look For When Choosing A Forex Broker / Trading Platform

As we all know. Forex is the world's largest financial market. There are a plethora of brokers in this industry. Do your research to discover the ideal broker for you. A broker that works well for one trader may not work well for another. 

Choosing the right broker might be a difficult but critical process, since the broker you select can have a significant impact on your success; choosing the wrong one can be financially disastrous. Although your considerations should be tailored to your specific circumstances, but here are a few key points that you’ll need to keep in mind:

Useful FX Tool: Position Size Calculator Forex

1. Select what suits you best.

Don't pick a platform only on the basis of other people's recommendations. Always select a platform that meets your specific requirements. Examine the data, consult with your broker, assess his or her experience, and choose the best option for your platform.

2. User-friendly interface. 

Check to see if the platform you've picked is comfortable enough to use on a daily basis. You must be able to use and comprehend all of the features and functionalities.

Take a look at the platform, and decide whether you like it right away. If the answer is no. Then you should absolutely look at something else. Of course, you will need to grasp the specifics of any platform in order to work with it professionally in the future. Basic buttons and options, on the other hand, should not be difficult to understand at first sight.

3. Basic functionalities / additional features. 

A platform should be appropriate for your current trading circumstances. You don't need to worry about extra features that you won't utilize for trading right now.

You will be able to update it at any moment if you choose to do so in the future. A sophisticated platform is an excellent choice for traders who want to use all of the platform's features in real time.

Otherwise, it will just make your trading experience more difficult. If you're not sure whether a platform is too complicated, see how many functions you'll utilize on a daily basis. At the very least, the response should be 80%.

4. Security 

Although a platform may appear to be excellent, make sure to check if it is listed on a stock exchange, regulated, and has many login alternatives.

5. Support

Your broker should have a good support system or means to readily be available when you need help. In other words, choose a broker with an excellent support system. You can’t say about the day you will need some help.

6. Also Figure Out….

Your Trading Time – Do you want a platform that can provide you alerts and help you execute orders? Do you have the time to immerse yourself completely in the platform?

Your Knowledge – Some platforms are geared toward more experienced traders and include more research and analytical capabilities. Demo accounts and teaching tools are available on the great majority of platforms. Those teaching aspects will be less prominent on platforms that are not targeted for novices.

Your financial objectives – Do you want to put your money into long-term investments for retirement, or do you want to concentrate on short-term gains?

What is the amount of money you have to invest – While several platforms offer commission-free trading, others have a minimum account opening charge. Inactivity fees, withdrawals, and transfers are among the additional expenses. It's not just about the market.

Ease of use – Are you someone who only uses things that are pleasing to the eye? Are you able to locate all of the features you require? Markets move swiftly, and you must be able to place orders quickly.

Access to information – Is the platform capable of providing real-time or more informed updates? Is it a platform for sharing information about the individual market?

Your trading preferences – Would you like to trade in a variety of markets, or would you just like to focus on cryptocurrency? Would you like to trade in a range of markets or just the UK and Europe? Maybe you want to concentrate on two different kinds of traders – you use a platform that serves both or you invest in two different trading preferences platforms?

Other factors- but these are small compared to those above, are also leverage, margin requirements and easy deposits and withdrawals.

Best Forex Brokers UK Reviews Summary

We hope you enjoyed the best forex brokers UK reviews.

When looking at a forex broker or any trading platform, the most important thing to remember is to pick the most dependable and best forex provider out of the hundreds available, as this will define the entire trading experience. Indeed, conducting research and evaluating a large number of forex brokers with numerous factors to consider is a difficult and time-consuming task.

The FCA regulates all of the above organizations, which, as previously said, is a major factor to consider when picking a forex or CFD broker. Regardless of how skilled or experienced a trader is in spotting successful market chances, he is only as good as the broker he uses.

We must not forget that a large portion of the trader's success is due to the broker, who gives him with all of the tools necessary to do a thorough analysis as well as the platform on which to execute the trade. To help our users avoid any of this unpleasantness, we've carefully evaluated some of the industry's top UK forex brokers and compiled a list of the best UK forex brokers reviews from which to pick.

If you're still indecisive about which broker to choose, you may want to look into Vantage FX. However, you should read the Vantage FX review guide.

Of course, this isn't an exhaustive list, and it's not meant to influence your ultimate selection. Instead, use it as a starting point for narrowing down your search for a broker who best fits your trading style and personal circumstances.

The Internet Cash Archive does not offer tax, investing, or financial advice. The material is being provided without taking into account any specific investor's investing objectives, risk tolerance, or financial circumstances, and may not be suitable for all investors. Past performance does not guarantee future outcomes. Investing entails risk, including the possibility of losing money.

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