Best UK Forex Broker Reviews – Forex Trading Guide 2019 2019-08-18T15:31:48+00:00


Searching for the best UK Forex brokers? Review 4 Forex is the leading guide to the UK’s top forex trading brokers for 2019. Forex Trading is a huge market in the United Kingdom. We provide the best reviews and ratings for forex brokers that accepts UK traders. At the moment forex trading is at its height. Our expert forex reviewers helps you find the top forex brokers rates online by separating the good brokers from the bad ones in United Kingdom.

The Best Forex Brokers in United Kingdom

Broker Features Min Deposit EURUSD Spread  
FXTM Forex Trading ForexTime Logo US Clients: No Regulated: Yes

– Regulated by FCA, CySEC, FSCA, IFSC and FSC
– Over 1M Registered Accounts
– More than 250 Trading Instruments
– MT4, MT5 and Web Trader Platforms
– Full ECN Trading Model
– Crypto-trading only avail. for clients of FT Global Limited.

$10ECN 0.1, Standard 1.6
AvaTrade Logo US Clients: No Regulated: Yes

40% New Member Bonus
– MIFID, ASIC, FSA & FSCA regulated
– Free Online Trading Coach

FP Markets Logo US Clients: No Regulated: Yes

– АSIC Regulated
– True ECN Execution with spreads from 0.0 pips
– Powerful 500:1 leverage and 0.01 micro lot trading
– Scalping, hedging and EAs are allowed
– MAM / PAMM accounts
– Established in 2005
– 10,000+ products to trade

$100From 0.0 pips
AxiTrader Logo US Clients: No Regulated: Yes

– Low min. deposit
– Easy deposit and withdrawals
– A lot of pairs offered

IQ Option Logo US Clients: No Regulated: Yes

– $10 usd minimum deposit
– State of the art platform
– 24/7 support in more than 17 languages
– Free demo account

CM Trading Logo US Clients: No Regulated: Yes

– FSCA Regulated
– MetaTrader 4 & Sirix platforms
– Education Tools
– Copy Trading is Available

$250from 0.5 pips
24option Logo US Clients: No Regulated: Yes

– Minimum Deposit $250
– Leverage 1:200
– Dedicated Account Manager

$250Fixed & Floating
City Index Logo US Clients: No Regulated: Yes

– Award winning platform.
– Beginner Friendly.
– Well established, safe and trusted.

£100Varied Logo US Clients: Yes Regulated: Yes

– Trusted Global Market Leader
– Online FX & CFD Trading
– 180+  Global Markets, 84 FX pairs, 65 shares, 17 popular indices and more
– Forex, Indices, Commodities, Equities & Bitcoin
– Available to US traders

$2501 pip

What is forex trading and how does it work

Forex trading, short for Foreign Exchange Trading, is the concurrent buying of one currency while selling another. The global foreign exchange market is the biggest market in the world. The USD1.2 trillion daily turnover dwarfs the combined turnover of all the world’s stock and bond markets. There are many reasons for the popularity of foreign exchange trading, but among the most important are the leverage available, the high liquidity 24 hours a day and the very low dealing costs associated with trading.

Best Reviewed Forex Trading Sites UK

You need an online broker to trade forex in UK. Forex can be profitable when using the best trading platforms, so trading with legit and trustworthy broker is significant for success in trading markets.  Each month, our team here at review the best fx trading corporation sites that are real, legal and accepts UK trading investors. Choosing an approved United Kingdom friendly fx trading can need much effort though.

We list the best forex trading brokers in the UK that are tried and tested by forex industry experts. As the most trusted UK forex review website we give the latest forex strategies and tutorials for profitable investments. Our in-depth reviews will help UK fx investors find the forex broker sites with great variety of currency pairs and superb technical tools. The best UK online broker should have great platform, app availability and the best spread as well as 24/7 support.

How forex trading works

Forex Market Advantages

  1. Forex is open 24 hours a day
  2. Forex is the most liquid market in the world
  3. 100-to-1 leverage reduces the need for large amounts of capital
  4. Commission-free* trading on more than 60 currencies
  5. No restrictions on shorting which allows you to enjoy profit opportunities during any market condition.

Forex trading is based on the movements of a set of currencies that are sold in currency pairs, where one currency is the base and one is the counter or quote currency. It also puts the currencies in terms of one currency’s supply compared to the other currency’s demand.

Examples of currency trading pairs are Euro/US Dollar (EUR/USD) and US Dollar/Japanese Yen (USD/JPY). Most currency transactions involve the “Majors”-the US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.

The gains or loss on a trade are based on the relative movements of the currencies within each currency pair. Pips or points are the numerical way in which the movements of currencies are quoted, positive movements being gains, negative movements reflecting losses.

Foreign exchange traders base their decisions on technical analysis and fundamental analysis.

Technical traders use charts, trend lines, support and resistance levels, mathematical models and other means to identify opportunities and drive trading decisions.

There are countless tools, and strategies associated with currency trading, and when first beginning, it is important to understand these tools before implementing any of them in trading strategies.

Commissions and spreads

another account system that is available to traders and allows the Forex trader to determine a predetermined percentage of spread. On the other hand, Forex traders could decide not to take commission directly but broaden the spread as a means of getting revenue.

The spread refers to the difference between the two matching and trading currencies. Spreads that are quite common would most likely have a closer spread when compared with others. Bigger spreads take longer to generate revenue.
Another account arrangement available to the trader is the Initial Deposit.

This account arrangement requires a deposit to begin operation and opens you to trade that are bigger than your deposit. While a minimal amount is required to activate this account, the more the deposit the higher you can leverage. Ease of deposits and withdrawals is another account that comes with its peculiarities. His account offers a precise method of finance and withdrawal rule.

Currency pairs in Forex

when it comes to Forex trading not every currency is particularly lucrative and sought after. If you guessed that the America dollar and the Euro must be one of the most sought after pairs then you are fast becoming an expert. In addition to this pair of currency a handful of other attractive pairs. Mastery of Forex trade requires that you identify the pairs that traders are investors would like. This often requires a watchful eye and sharp instincts.

Provide quality client service: It is imperative that you offer round the clock client service for the satisfaction and happiness of your clients. It is also important to ensure that your clients get to speak with a human being and not automated responses. It is imperative that you are able to carefully assess the nature of service clients want and deliver relevant information about the spreads, leverages and the more.

When you are able to deliver quality client service, you will engender client satisfaction and patronage. Client service is a crucial ingredient in Forex trading and must be incorporated effectively to reposition your operation for success.
Creating and maintain a convenient trading platform: The convenience and accessibility of the trading platform is one consideration that should not be trivialized.

Traders must endeavor to provide investors and client with a platform and software that facilitates operations. It is crucial that the options are visibly displayed and operational on the software or platform. An inferior and badly designed platform would certainly affect the quality of operations for clients and this could potentially impact negatively on your business as a trader. If fundamental features like a demo for instance are not incorporated or functional, it would dissuade investors from doing business on your platform.

Essentially, the totality of your operations as a Forex trader must be geared towards offering your clients the highest level of efficiency and support. This would earn their trust and would in turn make your operations lucrative. If you implement all of the aforementioned instructions accordingly, you would cultivate a mastery of Forex trading.

Importance on Being Aware About Forex Trading Risks

Forex trading is not for everyone. It comes with a certain amount of risk especially for margin traders. You should realize your objective before venturing into Forex trading along with your risk appetite and level of risk. There is a high possibility of losing all your money when you venture into Forex trading. It only means that you need to invest only the amount you can risk losing. It is therefore highly recommended to seek advice from an independent financial consultant.

Forex trading platforms FAQs

Do forex trading corporations charge some fees?

Most companies charge for cash withdrawals and for leaving your forex account inactive for over 12 months. Make sure check a company’s terms before you open an account.

Do I pay tax with my forex trading profits?

No, all profits that you make are not subject to any Income Tax, Stamp Duty or Capital Gains Tax.

How much do I need to open a fx trading account?

Most forex accounts are free to open in the UK, you just need minimum deposit amount to start trading online. Refer to the broker’s terms before you apply.

Is forex trading regulated in United Kingdom?

Yes, the UK based forex trading companies we reviewed and listed at our site are regulated by the Financial Conduct Authority. So you are good to go!

Is there a forex trading mobile App to use?

It depends, if the fx company offers a trading mobile app. However, you still need an online account to deposit cash before trading on the app.

How do I know a forex site is secure when I trade online?

Any best forex trading site will have HTTPS(aka SSL encryption) system in place at their trading website.