Best forex trading accounts uk


Higher leverage allows you to increase your profits significantly, but you also may suffer severe losses. Instead, they earn their profit through the spread, which, as you probably know is the difference between the buying and the selling price for a particular pair. A tighter spread means that there is a bigger opportunity for traders to earn more money and minimise their losses. Leading forex brokers offer quite competitive spreads, as they are aware that traders can compare the spreads that are offered by different websites and always choose the ones that offer more competitive ones.

As a trader, you are not prohibited from having accounts at more than one forex broker, therefore you can trade one currency pair with one broker and another with someone else, depending on the spreads that they offer. In addition to the most important aspects which include the licencing, as well as the specifics of the trading offer, there are other things which every trader should consider before choosing the most suitable UK forex broker.

These things may seem unimportant, and perhaps they are less important compared to the offered pairs and the licence which are quintessential, but the following are also significant. Most brokers offer more than one trading platform. In addition to being able to trade on your mobile device, you may also have access to an advanced platform which includes more interesting trade features and options aimed at more experienced traders. Many brokers offer a No Deposit, or a First Deposit Bonus to all new players, and some have few more regular bonuses which can be highly beneficial.

A confirmed FCA authorisation is a sign that the broker offers secure financial transactions, but there are differences in terms of the number of accepted methods and the speed at which the transactions are processed.

Some brokers charge fees on deposits made via some of the accepted methods. Traders want to know that should any problems arise they will be able to get all the necessary help and assistance. Customer support is usually provided via phone, email and live chat. Last but not least, most reliable and respected brokers give you an opportunity to learn more and get better and trading, via a range of learning materials, including videos, e-books, webinars and other useful tools.

The Financial Conduct Authority is in charge of regulating various branches of the financial industry, including retail forex trading.

This independent body has an official remit and a range of tools at its disposal. Am I only allowed to trade major pairs, or pairs that include the UK pound? Unlike the US market , where there are restrictions on the leverage, UK brokers offer trading at pretty high levels of leverage, often up to The trading market hours depend on the currency pairs that you want to trade.

Different markets open and close during different hours of the day. You will have at least a few trading options at any time of the day, during working days. The markets are closed on Saturdays and Sundays. Broker Offer Devices Review 1 st. What body is in charge of regulating forex trading in the UK?

Is there a limit on the leverage that brokers can offer? Do UK forex brokers charge any trading fees? No matter what types of Forex trader you are looking to place they will have them on offer of their trader friendly trading platforms. NSFX — To be assured of getting the maximum trading value and a range of ongoing promotional offers that will allow you to lock in the maximum trading value make sure that you sign up to NSFX as soon as you possibly can do, not only are you going to be able to make use of a sign up welcome bonus but each month they roll out a constant stream of true valued trader promotional offers all of which are certainly worth claiming and making full use of.

Plus — Make sure you take a look over our review of Plus for we just know whatever types of Forex trades you are looking to be able to place eon any type of currency pairing you are always going to be able to do so quickly and easily. With bonus and online and mobile trading platform you will have the best of both worlds if you make the very wise decision of becoming one of their clients. AVATrade — A very well established UK Forex Broker is AVA Trade and they come highly recommended for everyone looking for a Broker that will allow them to be able to seamlessly and instantly be able to place any type of Forex trade they are looking to place.

With generous bonuses on offer they are a Broker that comes highly recommend and are a Broker you can trust to deliver the goods time and time again. One of the attractions for first time Forex traders regarding each of our approved Brokers mentioned above is that they will all allow you to open up a demo trading account, which will enable you to get used to their respective trading platforms but in a no risk trading environment.

Many Forex Brokers have designed their sites and the services they offer to traders based in one of more country, and by doing so that allows those Brokers to offer their clients in those countries a fully rounded service. You will never want to experience any problems or hassle when playing Forex trades online, and that is why we have chosen to present to you only the very highest rated UK Forex Brokers, all of whom will offer you the following benefits.

No Payout Delays — By you being a successful trader and by you placing one or more winning Forex trades you will of course want to get access to those gains as quickly as is possible, all of our featured and top rated Australian Forex Brokers have been chosen for several different reasons and one of those reasons is that they always payout traders gains quickly and by a method of their own choosing.

Trade Online or on a Mobile — There are several reasons why we just know you will enjoy trading at any of our featured UK Forex Brokers and one reason is that you will be able to use a mobile trading platform allows you to instantly be able to place your Forex trades wherever you are quickly and very easily, however they do all have of course their own highly advanced online trading platforms too, and as such you can use a web browser based trading platform if you prefer.