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Best Forex Brokers UK FCA Regulated 7

Best Forex Brokers UK FCA Regulated

3 min read

Best Forex Brokers UK FCA Regulated
The best Forex broker in the UK is regulated by authorized by the Financial Conduct Authority (FCA).

FCA is the only governor that supervises the actions of brokers.

Before some Forex broker can accept UK forex and CFD traders as clients, they have to be approved by FCA.

It is the same rule for all brokerage houses, exchanges, or other financial markets. So we can say the FCA is the central guardian or watchdog.

The official website is FCA.org.uk.

The UK has been the favorite place of many a Forex brokerage for years.

The FCA is prepared as a very intelligent regulatory for brokers trading online financial services.

Where is the advantage of being regulated by FCA?

It allows authorized brokers the right to legitimately contribute through the European Economic Area.
It was the situation since now, but how Brexit will influence the FCA we will see.

But we will stay in UK territory. London is an attractive international financial hub.

Best Forex Brokers UK FCA Regulated 1
Finding the best forex brokers in the UK is simple as in the other parts of the world.

The traders are looking for great execution features, a secure platform that they can invest their deposit with confidence.

Also, traders would like some account opening bonuses, mobile-friendly trading and SMS alerts.

Anyway, we are giving you some short reviews of 5 best Forex brokers the UK regulated in order to make your search easier.

  • IG Group – UK FCA Regulated

Best Forex Brokers UK FCA Regulated 3Image source IG Group: Trading floor

IG is regulated over the world one the best Forex brokers in the UK. It offers traders a huge list of products, a lot of trading tools, educational material, and reasonable prices.

The IG Group could easily be the No. 1 in 2019.

They are covering the wide variety of markets, currency pairs, and CFDs including cryptocurrencies. Also, they have full trading and analysis tools and real-time market data.

According to users experiences, all specifications stated by the company on their website are true and without double standards. A live trading account can be opened fast. The same is with deposit and withdrawals and there are multiple options.

But, IG trading fees are expensive, particularly if you want to trade with a cheaper account. The other problem is that in most countries, it gives only CFD trading. 

  • FOREX.com – Best Forex Brokers UK

Best Forex Brokers UK FCA Regulated 2Image source Forex.com

FOREX.com gives traders the possibility to pick a standard trading account or an Active Trader account.  

The minimum opening deposit for a standard account is $50. The Active Trader account requires $20,000.

It is regulated by several authorities, the U.K., U.S., and Japan.

The minimum deposit is $50.

They are offering two types of platforms:

MetaTrader 4 (MT4) with features and tools that allows traders automatic trading. With the MT4, traders have access to more than 30 types of CFDs and 45 forex markets.

The other is the new Advanced Trading Platform. But there is third, the Dealbook where traders can choose from 120+ currency pairs.

It is robust and fully designed for trading forex. It has a wide collection of trading tools such as pattern recognition software, trading strategies, and an advanced charting package.

Also, FOREX.com offers quality educational material. Also, Advanced charting is accessible through the Forex.com DealBook platform.

In our opinion, all this makes them one of the best Forex broker in the UK.

  • Oanda

Best Forex Brokers UK FCA Regulated 4

Image source OANDA: OANDA logo

Oanda is an American Forex broker but the UK regulated.

Actually, Oanda is regulated by six regulatory agencies around the world: the UK, the US, Canada, Japan, Singapore, and Australia. They have a demo account available for as long as a trader needs. So, it is different from the majority of brokers.

Also, they have huge research sources and educational tools.

Their trading fees are low but financing rates are high.

The platform is Oanda’s proprietary (they have MT4 too) and it is very user-friendly and well-designed and also, very customizable. And fully automated. That provides traders to execute more trades than they could do it manually.

Oanda has one of the best API offers we have ever seen.

They have a demo account. But Oanda offers only FX and CFDs. Also, there is no minimum deposit.

  • Alpari – Best Forex Brokers UK

AlpariImage source Alpari website: Alpari home page

Alpari is one of the largest forex brokers in the world and the UK regulated. That have over a million customers.  

It is easy to start trading with Alpari because they have eight different methods that accounts can be financed.

They have 75 trading instruments, such as currency pairs, spot metals, and Contract for Difference (CFDs), and cryptocurrencies too. Alpari offers a broad variety of options to trade currencies or trade in other markets. There is also, a small lot sizes. It provides traders to trade as small as 0.01 lots.

Alpari is one of the rare brokers that offer both of the MetaTrader platforms; MT4 and MT5.

It also offers mobile apps for Android and iOS.

Like most brokers, Alpari takes a fee from the spread.

You need a minimum deposit of at least €1 but they also have a demo account.

  • eToro – UK FCA Regulated

eToroImage source eToro: eToro demo account

eToro forex broker is primarily a forex and CFD provider.  But still, one of the best forex brokers the UK regulated. With them, you can trade CFDs including stocks, commodities, currencies, ETFs, and indices. Forex trading on eToro includes 47 currency pairs. All from the main currencies pairs to the minor and exotic currency. Spreads on eToro are as low as 0.8 pips. But spreads can be wide as 200 pips for exotic assets. 

Spreads are priced as a percentage of trade’s amount. If you decide not to copy other traders you will not pay any fees.
As one of the best forex brokers, eToro doesn’t offer various account types. Instead, they have opted one. Every trader on eToro has one single account type. So, everyone receives the same features and advantages.

This means if you start trading with, for example, $250 on their platform, you will acquire the same benefits as the trader who start with $20,000.

  • CITY INDEX – Best Forex Brokers UK

CityIndex 1
City Index is founded in 1983 in the UK. Today is one of the leading multi-asset brokers in London.

City Index is a subsidiary of publicly traded GAIN Capital Holdings (NYSE: GCAP).

With over 35 years of tradition, City Index works as a confident brand under GAIN Capital in the UK and in Asia.

It is licensed by the Financial Conduct Authority (FCA) and operates according to the European Securities and Markets Authority (ESMA) rules. That means you have limited leverage and safety from negative balance security. Also, it is regulated by ASIC, FCA, FSA(JP), IIROC, MAS, NFA.

It gives traders over 12,500 products across global markets. CityIndex offers cryptocurrency CFDs, bitcoin and a lot of other crypto pairs. Also, you can trade over 84 currency pairs including Exotic Forex pairs. And all over the world.

CityIndex has a free demo account with access to their trading platforms for 12 weeks. They will give you £10,000 in virtual money.

Also, you will have access to pricing on thousands of markets including shares, indices, and bitcoin. Moreover, it is in real time

The bottom line

To find if a forex broker is regulated by the FCA, you have to identify the register number. You can find it in the disclosure at the bottom of the broker’s UK homepage.

To find the best Forex brokers UK FCA regulated you have to make research. The reviews may help you. But the best way is to test them through their demo accounts or, even better, open a real account with a small amount. Small that you can afford to lose.

That will give you the real picture about the quality the broker you are testing.

Don’t waste your money! 

risk disclosure

Trading Dictionary 1

Forex Broker – What is it?

2 min read


Say you want to trade in the forex markets, so you need a broker. But what is a Forex broker?

Let us explain this.

That is a company that monitors and advises investors on current conditions in the forex market including conversion rates.

Forex brokers may also provide a trading platform and other brokerage services for traders.

A forex broker is a company that buys and sells currencies on behalf of retail traders. It usually does through a forex trading platform. Like stockbrokers, they charge a fee in order to execute orders placed by their clients. It is regularly in the form of a spread instead of commission.

But, unlike stockbrokers, forex brokers place trades in the OTC market instead of on an exchange.

What is the forex broker’s role

A forex broker is a mediator that execute the transaction orders on behalf of his client as we said.

They are called intermediaries. Their job is to intercede between the market, on one side, and investors and traders on the other.

The forex broker’s tasks are:

– to provide customers the market prices of the various financial instruments, through trading platforms or in some cases, by phone.
– The broker has to find a counterparty in order to satisfy the transaction request received from the client.
– Also, the forex broker has to send to the market the trading orders executed by his clients.
– Such a forex broker has to return information about the order outcome if it has been executed or rejected.
– Some forex brokers also act as governing agents. They calculate and pay taxes for the trader on the realized capital gains.

The forex broker operates as a middleman between the trader and the market.

In simple words, in order to find a buyer or a seller of currencies, the trader can go to a broker and find either a respective seller or a respective buyer.

Here you can find respective broker>>>>

Forex broker is not just the middleman between traders and another buyer or seller. Forex broker is also the middlemen between traders. That is called a “liquidity provider”.

How to interact with a forex broker?

In its original sense, a forex broker is someone that you phoned in order to buy or sell currencies. But, the development of the Internet allows you to communicate with a broker through a trading platform or trading software.

If you are looking for a trustworthy, regulated broker, please check out this>>>

Retail Forex

A key concept for modern individual traders is retail forex. Traditionally, foreign exchange has been traded on the interbank market by larger clients such as banks and multinational corporations. They need to trade currencies for business purposes and hedging against international currency risks.

But, retail forex is the forex that is traded through dealers, often by smaller or individual investors.

Forex Broker - What is it? 2
These firms are also known by the term “retail aggregators.” This became popular in the late 1990s with the development of internet-based financial trading. That allows smaller traders to get into markets that were before confined to businesses and financial institutions.

A retail forex broker allows traders to set up an account with a limited amount of assets and let them trade online through trading platforms.

If you are looking for a trustworthy platform, check out this >>>

Most trading is done through the spot currency market.

Forex trading is popular among individual traders because brokers have offered them the chance to trade with margin accounts.

These allow traders to borrow capital to make a trade and multiply the principal. They use it to trade by large amounts, up to 50 times their initial funds.

The brokerage industry means extreme competitiveness.

Even among those companies, the competition is extremely high. Picking the right type of a brokerage house is a difficult choice.

How about the things retail traders need to know before deciding the broker to use? What are the conditions that make a good broker and what would be a perfect Forex broker?

Find HERE>>> 

The bottom line

Honestly, choosing a Forex broker should be a simple process. Traders should not end up spending a lot of time looking for the right broker.

Forex brokers offer an essential service for markets, especially for retail forex traders.

With an internet connection and a computer or mobile phone, traders can now open an account and trade in a market. Brokers also offer services that can be valuable in assisting traders to understand price movements and potentially make profits.

Don’t waste your money!
 risk disclosure

How To Choose The Best Broker?

The Best Broker and How To Choose?

2 min read

forex broker

Choosing an online broker seems like a simple process. But in reality, it can be a nightmare because finding the right broker is not easy. Not at all!!!

On the very beginning, you want to be sure that the broker has the right credentials, understands the market, has similar wealth-building beliefs as you do. Trust me.

The main point  when you have to choose the best broker is
a) make sure a broker offers the services and features you most need,
b) don’t pay extra for services and features you don’t need or want.

The best approach is to make a list of facilities you want from your broker

There are some tips and tricks you have to take an attention when you have to choose the best broker

  1. Minimum Trades  – Check if there is a clause about minimum trades that you will have to do as well as the penalty for not complying with the requirement. There are actually brokers who have no minimum requirement or require only a few hundred dollars.
  2. Costs – Consider the commissions and other fees that broking companies charge.  Brokers typically have a wide assortment of fees for cost per trade. That’s the holy grail of the online brokerage universe.
  3. Customer service – Look for customer reviews online or on specialized forums, please. Make sure that the broker offers such support and it’s available during more than just “regular business hours”. Check if it’s available in various forms: email support and live chat can be more convenient contact methods than a direct phone.
  4. Investment options – Some ‘’full-service’’ brokers may not offer products of all asset management companies or AMCs. A good broker is one that offers you the ability to invest in a large number of assets: stocks, bonds, mutual funds, exchange-traded funds (ETFs), real estate investment trusts.  You will need a broker who can provide you with all of the possibilities if you want to spread your investment wings.
  5. Investment Advice – The problem may arise if you are not DIY (do it yourself) type. Some brokers will offer limited investment advice, while others will provide a full investment advisory service, usually for a small fee, some will charge a higher fee if you need broker assistance. You have to explore what suits you best.
  6.  Asset Allocation Guidance – Especially for new investors Asset allocation is one of the more challenging investment functions. It can be complicated enough to decide on initial asset allocation, but even more, involved to maintain that allocation going forward. Periodic rebalancing is not the easiest of tasks if it must be done manually and will be necessary to do from time to time. Most robo advisor services will handle asset allocation and automatic rebalancing as part of their account management fee. If you’re looking for “hands-off” investing, robo advisors could be the best option for you. You have to find out if the broker offers this service and if there is an additional charge.
  7. Types of Retirement Accounts  – It’s best to confirm this at the very beginning that the broker offers multiple types of retirement accounts to invest in. And even if you want only a regular investment account right now, you may decide to open a custodial account for one of your children in the future. If you have confirmed that these options are existing before you first sign on, you can be relaxed. I know that most investors like to have all of their various accounts with a single broker, particularly if they are happy with the service.

commodity brokerThe most important question is about what type of trader you want to be. Are you an active trader or buy-and-hold investor? Whatever you are, it will affect your choice of broker. If you are a buy-and-hold investor and invest in index funds, making a few trades per year, fund selection may be more important to you than low transaction fees.

You have to determine if you’re an investor which means long term investing, or active trader, short term trading.

If you are still learning how to trade stocks online, you shouldn’t rush into choosing a broker. Everyone eventually develops their own trading style.

forex and stock brokerOnline stock brokers offer a wide array of features and fees. Choosing a broker with a good reputation is worth. Someone with the features you really need and a reasonable fee structure.

Don’t let yourself be attracted by a platform with the bells and whistles. Especially when you are at the beginning.

Readers: What do you look for in the right investment broker? Let me know and share it with others.

Risk Disclosure (read carefully!)



10 Things You Need To Know Before Choosing A Broker

2 min read

What do you need to know before choosing a broker? A decision to choose the broker may be a nightmare for traders. If you read about them on various forums or read paid bad reviews, you can really find yourself stuck in that. One of the biggest decisions you’ll have to make is which exchange or broker to deposit funds with.

If you’re looking to buy a cryptocurrency in an ICO, the advice is to read the company’s prospectus for this information:

a) Who owns the company? An identifiable and well-known owner is a positive sign.

b) Are there other major investors who are investing in it? It’s a good sign if other well-known investors want a piece of the currency.

c) Will you own a stake in the company or just currency or tokens? This distinction is important. Owning a stake means you get to participate in its earnings (you’re an owner) while buying tokens simply means you’re entitled to use them, like chips in a casino.

d) Is the currency already developed, or is the company looking to raise money to develop it? The further along with the product, the less risky it is.

But before you jump in all of this you have to check:

1) Demo Account: Before risking your own money, it is absolutely crucial you trade with a demo account. You need to know before choosing a broker if it offers a demo account Demo accounts are the best option a trader has to test a trading strategy and evaluate how they are as a trader. It might not be perfect, but it is better than the alternative of jumping straight into the deep water.

2) Accessibility: Before you sign a contract with a  broker, test out their customer service and support. Are they accessible? If you have a problem whether it is technical or general, is there someone there whose only job is to provide you better service?

3) Legitimacy: It is important to check on the broker’s website for any additional financial information and statistics about the brokerage. If it is not there, check on the parent company’s site, and if you cannot locate this information, this should raise a red flag. This is information you need to know before choosing a broker. 

Also, you can CHECK HERE

4) Resources: It is important to ensure that the platform competes with the market standard of including real-time charts, integrated technical analysis tools, live news, and updated market data, and sometimes support for trading systems.

5) Foundation: If the number of online brokers is growing rapidly you need to check and double check a brokerage before signing anything. Especially if it means very large sums of money. It is therefore important to research who and what is backing the brokerage and how strong its foundations are, before deciding to trade with them.

6) Competitive Spreads: After determining the integrity of the online broker, now you need to evaluate the quality of their offering.  It is of utmost importance to find a broker with the smallest spreads, which will ensure maximum profit for the trader.

What else you need to know before choosing a broker?

7) Leverage Flexibility: One of the biggest advantages of the market is leverage. Large leverage is not always the right choice for all traders. The higher the leverage, the greater the risk. So if you have limited capital, higher leverage will increase your opportunities, but if capital is not an issue, lower leverage is your way to go.

8) Account Types: Similar to leverage, the account type you choose very much depends on your trading needs. When choosing a broker, it is important to make sure that they offer different types of trading accounts.

9) Lenient Margin Rules: If a brokerage has strict margin rules, you might encounter a sharp decline in one of your positions, and before it gets a chance to recover and make you some profits,  your broker could have made a margin call, liquidating your account. This will result in great losses for you. It is important to ensure that the Forex broker’s margin rules are not too strict.

10) Emotionless Trading Features: You need to trade in a cold and calculated way so as not to let your emotion get the best of you. One of the guiding principles in successful trading is “Leave emotion out”. This is done by setting a broker’s trading platform and under no circumstances deviating from them.

The main advice is don’t rush into it, check your broker against the above criteria, establish a trading strategy, examine the market using technical and fundamental analysis.

And experience of other traders too.

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