The best UK forex brokers are financial firms that enable traders to buy and sell currencies. They usually offer trading on the major forex pairs, which comprise the vast majority of global forex trading. Most forex brokers also offer margin trading, which allows traders to leverage their trades and increase their profit potential. In addition, many forex brokers provide additional in-house analysis tools like market news feeds and economic outlooks to help traders make better trading decisions.
Most UK forex brokers are regulated by the FCA, which ensures that brokers adhere to strict regulations and prioritize client security. This includes keeping client funds segregated from operational funds, and providing compensation to eligible traders in the event of a broker insolvency. Additionally, many of the top UK forex brokers have relatively low minimum deposit requirements and offer free demo accounts for new traders to try their trading platforms.
In Pursuit of Excellence: The Top UK Forex Brokers of the Year
Traders should look for forex brokers with competitive pricing for their trades, including spreads and margin fees. They should also be wary of non-trading fees, which can add up quickly and can deter traders from making profitable trades. Non-trading fees can include monthly account maintenance fees, deposit and withdrawal fees, and inactivity fees.
IG is one of the most popular forex brokers in the UK, offering CFDs on more than 250 assets including 51 currency pairs. Its trading platform is easy to use and features a customizable layout with tabs for different asset types and research tools. The broker also offers 24/5 customer support and a mobile app for trading on the go.
