In this video we will talk about the top 5 forex brokers in the UK.
As you probably know, there are certain geographical locations around the globe that have different regulations and thus many brokers that operate there don’t operate in other parts of the world.
So without further ado these are the 5 top forex brokers in the UK.
The first of the Top 5 Forex Brokers in the UK is FxPro, a global CFD and forex broker founded in 2006.
The company has won over 70 international and UK awards in the past 15 years, including 10 awards for the best forex broker of the year.
FX Pro Clients can trade more than 1000 assets, in 7 asset classes, those are Currency pairs, CFD’s on Futures, Indices from Europe, Adia, and USA, CFDS on global shares, Metals, Energies, and last Cryptocurrencies.
The broker offers 5 different account types that are based on the trading platform the clients use.
Two of them are offered through MT4 and are the MT4 Instant versus the Standard MT4. Both offer the same CFD Instruments, and the same trade size, however when it comes to trading costs The Instant account offer ‘fixed spreads only to 7 major pairs. The last major difference comes in the execution type of those two accounts. While the FXPRO MT4 Instant receives the price the client sees on screen or receives a requote the Standard MT4 has tiered liquidity, as orders are executed at the volume-weighted average price.
The other 3 accounts are on MT5, Ctrader, and their own native platform.
To mention here that FXPro allows Spread Betting. Spread Betting is a form of derivatives trading, which means you aren’t taking ownership of the underlying asset. You open a position based on whether you think the value of an instrument will rise or fall. If the asset price moves in your favor, you profit, if it goes against you, you incur a loss.
As you probably understood from the description of the account types, 4 trading platforms are offered:
Their own FXPRo Platform, the well-known Metatrader 4, Metatrader 5, and Ctrader.
When it comes to Funding options users can fund their account through a Bank Transfer, Visa, Maestro and MasterCard. The withdrawals take about 1 working day to be completed, and there are no fees implemented by FXpro however the corresponding banks could implement their own.
Last, when it comes to customer support clients can contact customer service via email, phone, and live chat,
The services are available 24 hours a day for 7 days a week.
The second of the Top 5 Forex Brokers in the UK is IG.
IG was founded in 1974 and actually built the concept of financial spread betting that introduced online dealing as early as in 1998. Currently, the company offers access to more than 15,000 global markets, it features a global presence in more than 15 countries serving more than 200,0000 Clients. In 2019 IG brought their FX service to the US giving people access to over 80 currency pairs.
IG is on of the best regulated Forex Brokers in the industry with more than 10 Regulatory authoriets.
IG Clients can trade more thna 8,000 instruments across 10 assets classes, with Forex, Indices, Commodities, Stocks, ETFs and Crypto to b among them.
The broker currently supports a 3 trading platforms, such as the IG’s trading platform, ProRealTime (PRT), L2 Dealer or the popular MetaTrader 4 (MT4).
The broker also offers direct market access for professional traders who would like to deal directly into the order books of major equity exchanges.
When it comes to account types they vary depending on the location and the markets available in the region: these are CFD, Spread betting and Share dealing account.
But in general the accounts offered are the standard account for retail day traders, and more premium accounts for high net worth traders, plus a specific professional account.
In addition to the two accounts offered, advanced traders have the ability to open a DMA account which enables them to trade market depth via the use of algorithms. As well, this gives traders the option to participate in pre-market and post-market auctions
When it comes to deposits and withdraws IG offers three options based on their website.
Traders can deposit funds through Debit cards or credit cards and Wire transfers.
Last a very strong plus for IG is their customer service, the broker has won multiple awards for its customer support over the years.
The direct support options available are live chat, email, telephone, and social media. Their support desk is available around the clock Monday to Friday and from 9:00 am – 5:00 pm on weekends (UK time).
We have created a dedicated video review and tutorial for the broker, you can find them both on the video cards.
The third of the Top 5 Forex Brokers in the UK is Admiral Markets.
Admiral Markets was founded in 2001. Over the years Admiral markets have won multiple awards, such as Best Forex Broker, Best CFD Broker, and Best Forex Platform.
Admiral Market Clients, van trade more than 4000 instruments across 7 asset classes, those are CFDs on Currency Pairs, Commodities, Indices, Stocks, ETFs, Bonds, and last cryptocurrencies.
When it comes to account Admiral offers 3 different types, but many could argue that the number is five. The reason behind that is that it offers 3 different types of accounts on Metatrader 5 and 2 on Metatrader 4.
The MT5 offered accounts are Trade / Invest and Zero. The major difference in the account types is the number of instruments that are available for trade.
Admiral Markets offers 5 trading platforms to trade with. These are MetaTrader 5, Metatrader 4, Metatrader Webtrader, MetaTrader Supreme Edition, which is a Metatrader customized, and last but not least the Admiral Markets Trading App, which allows you to trade on the go. The app is available for both iOS and Android devices.
Admiral Markets offers a decent amount of funding options, Those are :
Bank Transfers, Klarna, Visa, Mastercard, Paypal, Skrill, Neteller, Saetypay, Ibank, and iDeal are the rest of the options offered.
Users can contact customer service via email, phone, and live chat, dmirals’ customer support team is easily accessible via e-mail, a webform, phone, or live chat. Remote assistance for technical issues is also available.
The services are available 24 hours a day for 5 days of the week.
The fourth of the Top 5 Forex Brokers in the UK is Avatrade.
Avatrade, which was founded in 2006, is a multi-national company with regional offices and sales centers in Paris, Dublin, Milan, Tokyo, and Sydney. The broker is been regulated under several jurisdictions. Today the broker has more than 300,000 registered customers globally, executing more than two million trades a month.
Avatrade clients can trade over 1000 instruments across 7 asset classes, those are Forex, Stocks, Commodities, Cryptocurrencies, Indices, ETFs, and Bonds.
What is interesting about AvaTrade and different from the other brokers on the list is the fact that the broker offers the same type of account to all its users.
Avatrade supports the traditional MT4 , MT5, and its own platforms Ava trade webtrader and AvatradeGO which is an application to trade from your mobile phone.
When it comes to deposits and withdraws Avatrade offers quite a few options those are : Visa and Mastercard , Wire transfer, Paypal and the following ewallets, neteller, Skrill, Klarna and Rapid Transfer.
Last, users can contact customer service via email, phone, and wahtsapp, The services are available 24 hours a day for 5 days of the week, starting on Sunday at 9 PM GMT to Friday 9 PM GMT.
We have created a dedicated video review and tutorial for the broker , you can find them both on the video cards.
The fifth of the Top 5 Forex Brokers in the UK is Capital.com.
Capital.com is a global CFD broker founded in 2016. It has offices located in the United Kingdom, Cyprus, Australia, and Gibraltar
The Broker is well regulated by various Financial authorities across the globe and has more than 345,000 active traders with more than 78.000 to be active on a monthly basis.
Capital.com clients have the option to trade more than 5,000 instruments across 5 asset classes, those are Forex, Indices, Commodities, CFDs and Cryptocurrencies.
The broker offers the same type of CFD trading account type to all traders. Those are 0% commission accounts with tight spreads. A professional account upgrade is available to qualifying traders, and UK-based clients have the option to opt in for a tax-free spread betting account. Last, a share investing option is also available, ideal for long-term strategies without using leverage.
Capital.com offers a native trading web and mobile platform as well as the traditional Metatrader 4.
When it comes to deposit and withdrawing funds, Capital.com offers a decent amount of well known services, such as Wire transfers, Bank Cards, like Visa Mastercard and Maestro. One plus for the broker is the acceptance of Paypal and Apple pay.
Clients can conduct customer support, through email, chat and phone number. Their service is available 24/7.
These are our top 5 Forex brokers in the UK choices for now. I am certain that many of you will have an entirely different top 5 in your mind so please comment on your list bellow.
Thank you for watching our video, we really hope that shared some light to the forex brokers in the UK you were looking at.