UK Forex Brokers
We have reviewed numerous forex brokers in the UK, there are the top 5 brokers which have met our quality guidelines and accept residents of the United Kingdom. We recommend the following:
XM was founded in 2009 and is our our first recommendation for UK residents.
They are doing business as Trading Point of Financial Instruments UK Limited, and they are authorised and regulated by the Financial Conduct Authority (FRN: 705428).
Within the period that has passed, they have managed to become one of the most instantly recognizable names in forex trading and they are also our top ranked global forex brokerage. This is not only due to their excellent regulatory compliance worldwide, they are regulated by both CySEC, and ASIC, as well as two other top-tier regulators including the FCA.
The broker caters for the needs of the forex market in more than 196 countries. This makes them one of the most global brokers in the industry to all levels of trader. Couple this with an exceptional education section, and a great variety of assets to trade in, and you have a winning combination with XM.
CityIndex is Regulated by the Financial Conduct Authority (FCA# 113942) which sets them apart. They are operating under the trading name GAIN Capital UK Limited.
They operate in the UK at business address: Park House, 16 Finsbury Circus, London, EC2M 7EB.
The brand name of GAIN Capital who are known in financial circles around the world, and are also listed on the New York Stock Exchange. In terms of the broker standing in the sector, City Index are one of the cornerstone names in the entire industry, having been around since 1983.
With such a long track record, it is no surprise then that City Index have become a go to destination for many experienced traders from the UK seeking an operation that is as safe as they come, with regulation in the form of several top-tier bodies.
Still the broker continues to evolve and presents an equally excellent place for newer traders to grow in the industry thanks to a very competitive, low-fee environment with a top selection of asset to choose from.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk.
Read Our Detailed CityIndex Review
FXTM was founded in 2011 in Europe. They are currently headquartered in Cyprus but offer services in forex trading and many other assets to traders around the world including all parts of the UK. They are registered with the FCA, ForexTime UK Limited is authorised and regulated by the Financial Conduct Authority with license number 777911.
The FXTM minimum deposit starts from just $10 depending on your account type. This means trading is high accessible through FXTM for all level of trader. Added to this, they are an extremely well-regulated broker with the support of multiple respected bodies including CySEC in Europe, and the FCA in the UK.
This trusted regulation, a competitive range of trading costs, and the availability of more than 250 assets to trade, continue to make FXTM a popular choice for UK residents.
AvaTrade is a top choice for UK residents, While they were founded in 2006 in Ireland, they have since grown to become one of the top forex brokers in the sector.
A low minimum deposit requirement of just $100 across most of the available account types, coupled with respected regulation from a number of bodies worldwide, make AvaTrade a popular choice for new and experienced UK traders.
The broker offers an extensive range of assets to trade in which includes more than 60 currency pairs, and other markets for trading stocks, ETFs, crypto, and more. AvaTrade users can also avail of a very strong range of educational content with insightful material to fit all level of traders.
Read our Detailed AvaTrade Review
BD Swiss founded in 2012. Since that time they have grown to become a major forex broker who now offer trading services in more than 180 countries including the UK. They are also have regulatory oversight in place from a number of trusted bodies in the industry. BDSwiss LLC is authorised and registered with the U.S. National Futures Association NFA ID: 0486419, other regulatory bodies they abide by include CySEC.
BDSwiss is also a very well-decorated broker having collected a number of awards particularly in recent years as they have expanded their industry presence. Being recognized as providing one of the best trading platform applications, as well as for their positive trading conditions and environment has helped them greatly in continuing to improve their profile among traders.
Read Our Detailed BDSwiss Review
What is the FCA?
This stands for: Financial Conduct Authority (FCA).
The Financial Conduct Authority is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry
What are the requirements for FCA Brokers?
One of the requirements to be licensed by the FCA is regular submissions of indepent third-party audits, the storage of client funds in major tier banks. The complete segregation of client funds to be separate from operating funds.
Clients need to always be given near immediate access to funds.
Similar to other money authorities around the globe, brokers in the United Kingdom must provide evidence of a complete breakdown of business transactions, auditing and accounting.
How do I recognized a broker as being FCA Regulated?
All forex brokers that are registered with the FCA are identifiable by a valid FCA registration number. The number should always be located on the website, nearly always near the bottom of the page in the footer section.
Can I contact customer support?
We recommend forex broker in UK that offer 24/7 or 24/5 support to all of the United Kingdom. In most cases you may phone, email, or use live chat.
Spread the love
https://www.securities.io/uk-forex-brokers/
2020-07-31 22:14:04Z
CBMiK2h0dHBzOi8vd3d3LnNlY3VyaXRpZXMuaW8vdWstZm9yZXgtYnJva2Vycy_SAQA
Bagikan Berita Ini
0 Response to "UK Forex Brokers - 2020 - Securities.io"
Post a Comment