Trusted Forex Broker UK Regulated By FCA

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The currency markets of the world are not under the control of any centralized authority. The trading of currencies happen online and orders are also processed in the same manner. If you are a resident of the UK want to trade forex, it is important that you choose a broker that provides and online trading platform in the country. It is equally important that you work with a trusted forex broker UK. Firstly, it would be best for UK Based forex broker  or at least have an established office that operates in the UK. On examination it is likely that you will find many such brokers operating in the country and the next challenge for you would be to pick out the most trusted among them with who you can partner with.

most trusted forex broker fca uk

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The following article will help you to spot the most trusted forex brokers in UK from among the many that are present. The article aims to present you with the major trustworthy forex brokers in the UK that provide online trading platforms. The forex brokers that are listed have been picked out on the basis of specific criteria to make your work easier. The advantage of this list is that you can start from here and not required to waste any additional time or money to do your own research. The only job that may be left for you to do is to find out which broker to partner with. For that, it is a good idea to have clarity about what it is that you want out of forex trading and then select the broker that will best suit your needs and help to achieve your financial goals.

One of the primary and most important factors to be considered for selection is whether the forex broker is regulated by any local authority in the UK. The most trusted forex brokers in the UK are regulated by the Financial Conduct Authority (FCA), which is the body for regulating industries in the financial services sector in UK. This aspect has to be necessarily kept in the mind during the broker selection process.

Most Trusted Forex Brokers UK Regulated By FCA for 2018

Broker Info Bonus Open Account
HYCM Forex broker Min Deposit: $100
Spread: From 0,2 Pips
Leverage: 1:200
Regulation: FCA UK (#186171), CySEC (#259/14)
10% Welcome Bonus up to $5,000 Visit Broker
OCTAFX forex broker Min Deposit: $5
Spread: From 0.2 Pips
Leverage: 500:1
Regulation: FSA (Saint Vincent and the Grenadines), FCA UK (#679306)
50% Deposit Bonus, Real contest 1st prize Luxury car BMW X5 M, Copy trading, Trade&Win. Visit Broker
xm best forex broker Min Deposit: $5
Spread: From 0 Pips
Leverage: 500:1
Regulation: ASIC, CySEC, FCA (UK), IFSC Belize
“$30 Non-Deposit bonus, 50% +20% deposit bonus up to $5,000, Loyalty Program Bonus Visit Broker
exness forex broker review Min Deposit: $1
Spread: From 0 Pips
Leverage: 2000:1
Regulation: FCA UK, CySEC, FSP, BaFin, CRFIN
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No Deposit Bonus Instaforex Broker Min Deposit: $1
Spread: Fixed Spread From 3 Pips
Leverage: Up to 1:1000
Regulation: CBR, CySEC and FFMS
30% Forex Deposit bonus Visit Broker
Pepperstone review best forex broker in Australia Min Deposit: $200
Spread: Starting 0 Pips
Leverage: 500:1
Regulation: ASIC Australia, FCA UK
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FXOpen ECN Broker Min Deposit: $300
Spread: floating, from 0 pips
Leverage: 500:1
Regulation: FCA UK reference number 579202
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ThinkMarkets Forex Broker regulated by ASIC and FCA UK Min Deposit: $250
Spread: as low as 0.1 pips
Leverage: up to 400:1
Regulation: ASIC Australia and FCA UK
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plus500 best forex broker review Min Deposit: €100
Spread: The Spread can be as low as 0.01%” (0.01% = spread for EUR/USD)
Leverage: 1:294
Regulation: ASIC, CySEC, FCA (UK)
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TickMill best Forex broker review Min Deposit: $25
Spread: Starting 0 Pip
Leverage: 500:1
Regulation: FCA UK and FSA (Seychelles)
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Other than the factor mentioned above, given below are a few more points that can be kept in mind while picking out the most trusted forex brokers in UK.

  • Is the trading platform provider adequately capitalized?
  • Is the trading platform provided by the forex broker reliable and technologically advanced?
  • What type of broker do you want to choose: STP (Straight Through Processing) or Non-Dealing Desk, Dealing Desk (Market maker) or and ECN (Electronic Communications Network) broker?
  • What leverage does the broker offer?
  • What are the different types of accopunts that are available with the forex broker?
  • What is the spread that is provided by the broker?
  • What are the fees/commissions chargeable by the broker?
  • Is there an initial deposit and if so what is the amount to be paid up to start an account?
  • What are the different options that are available for withdrawal of funds?
  • What are the different payment methods that are allowed by the broker?
  • Are there any specific terms and conditions to be fulfilled for withdrawal of money from your account?
  • How do you rate the customer service provided by the forex broker? Does the broker provide 24 hour support and response that caters to different language speaking individuals?

The above is not an exhaustive list and other factors that also have to be considered include different types of order entry that are allowed,

This is definitely not an exhaustive list of things that you should look into when choosing the best forex broker in the UK. There are a few other aspects as well. These include customizations options, order entry types, automated trading options, trading alerts, strategy builders and backtesting options, among others. Further, it is better to look for brokers that offer free demo accounts so that you can try out their platforms prior to opening an account and funding it.

Given below are specific details about trusted online forex brokers in the UK regulated by the FCA.

#1: Plus500

plus500 best forex broker review
Spread: The Spread can be as low as 0.01%” (0.01% = spread for EUR/USD)
Leverage: 1:294
Min Deposit: €100
Regulated: ASIC, CySEC, FCA (UK)

Founded in 2008, the forex trading platform of this broker is provided by Plus500CY Ltd., which is a company set up in Cyprus and which is headquartered in Limassol.

Type of Broker – Market Maker
Regulating authorities – Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Platforms offered – WebTrader and Windows Trader
Minimum Deposit Amount – $100
Deposit can be made through – Bank Wire, PayPal, Credit Card, Skrill, etc.
Spreads – Fixed
Lowest Spreads for EUR/USD – 2
Maximum Leverage – 50:1
Minimum Lot Size – 0.01

#2: ETX Capital

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Spread: Starting From 0.9 pips
Leverage: 400:1
Min Deposit: $100
Regulated: MIFID, FSB & ASIC

ETX Capital is a financial services company based in the UK and provides online platforms for institutional, high net worth and retail customers that want to trade forex. ETX Capital is the trading name of Monecor (London) Limited.

Type of Broker – Forex Broker
Regulating Authority – Financial Conduct Authority (FCA), UK
Platforms offered – Marketspulse and MT4
Minimum Deposit Amount – $100
Deposit Options – Credit Card, Sofort, Wire Transfer, Skrill, China UnionPay, Giropay, Neteller
Spreads – Fixed
Lowest Spreads for EUR/USD – 0.7
Maximum Leverage – 400:1
Minimum Lot Size – 0.01

#3: XM

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Spread: From 0 Pips
Leverage: 500:1
Min Deposit: $5
Regulated: ASIC, CySEC, FCA (UK), IFSC Belize

XM.com is the trade name of Trading Point Holdings Ltd and the company is owned and operated by Trading Point of Financial Instruments Ltd. It is also a European Union-registered forex broker. XM has its headquarters in Limassol, Cyprus.

Type of Broker – DMA/STP, MM
Regulating Authority – Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
Minimum Deposit Amount- $5
Deposit Options – Bank Wire, Neteller, Skrill, WebMoney, Credit Card, WesternUnion, MoneyGram, SOFORT, UnionPay (China), etc.
Spreads – Variable
Lowest Spreads for EUR/USD – more than 1
Maximum Leverage – 888:1
Minimum Lot Size – 0.01

#4: FXOpen UK

FXOpen ECN Broker
Spread: floating, from 0 pips
Leverage: 500:1
Min Deposit: $300
Regulated: FCA UK reference number 579202

FXOpen UK ECN

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In 2013, FXOpen launched its online trading platform. FXOpen UK, based in London, is regulated by the Financial Conduct Authority in the UK.

Type of Broker – ECN/STP
Regulating Authority – FCA, UK
Platforms Offered – Three versions of MT4
Minimum Deposit Amount- $300
Deposit Options – Bank Wire Transfer, Skrill, Credit/Debit Cards, WebMoney, Payza, Neteller
Spreads – Variable
Lowest Spreads for EUR/USD – Starts from 0 pips
Maximum Leverage – 500:1
Minimum Lot Size – 0.01

Related : Best CFD Trading Brokers Regulated FCA UK

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