Top forex brokers in the UK as of 2023
- Saxo Bank
Saxo Bank offers traders greater flexibility when trading forex on the spot or futures markets.
While trading any of their 190 currency pairs is a smooth experience, Saxo Bank really goes above and beyond by offering a Crypto FX function that allows you to trade cryptocurrencies against some of the most important fiat currencies.
Additionally available are FX options and FX swaps, allowing you to not only speculate on FX prices while hedging your exposure, but also predict futures values via maturities that range from a day to 12 months.
Saxo Bank bases its value proposition in 4 pillars:
- An award-winning platform where you'll find news feeds, cutting-edge risk management features, and trade signals.
- FX spreads with incredibly low rates and reasonable entry prices.
- Highest fill rates, fewer premature stop-outs, and minimal asymmetric slippage thanks to tier-1 liquidity.
- 25 years of expertise and round-the-clock professional service.
Therefore, it is not surprising that Saxo Bank has more than 850,000 satisfied customers.
Saxo Bank Features
Regulation: Fully regulated in 15 countries Leverage: 50:1 Minimum spreads: 0.6 pips Minimum deposit: £500 Trading platforms on offer: SaxoTraderGO Customer Support: Telephone support, dedicated point of contact (relationship managers and sales traders). 24/5. English. Benefits: Referral bonus, educational portal
- CMC Markets
At CMC Markets, all types of traders are welcome, not just those that trade in forex.
It prioritises the individual in all that it does and strives to give customers the best possible trading experience while continuously enhancing how its customers participate in the financial markets.
Because of their efforts, CMC Markets received the ForexBrokers.com Awards 2021's #1 Platform Technology Award.
With more than 12,000 financial instruments available for trading, CMC Markets promises to offer the narrowest spreads throughout their entire product line, regardless of market volatility.
the indices to forex. commodities to shares. You can trade CFDs on a variety of international financial marketplaces, and you can always discover the instrument that best meets your requirements.
CMC Markets is one of the UK's top-rated trading platforms since it offers 9000 shares and ETFs, 300 FX instruments, 60 indices, 15 cryptocurrencies, 90 commodities, and 30 treasuries.
CMC Markets Features
Regulation: FCA (173730) Leverage: 30:1 Minimum spreads: 0.6 pips Minimum deposit: No minimum deposit is required Trading platforms on offer: MT4 Customer Support: Telephone support, 24/5. English. Benefits: Referral bonus ($250 bonus* when they trade on a CFD account)
- City Index
When trading while on the go, City Index's mobile app definitely shines, but that isn't all they have to offer. City Index signifies speed, with over 99% of trades being completed in under a second and an average of 0.05 seconds.
In fact, City Index will execute your order at a better price if the price changes in your favour while it is still being processed thanks to their best execution policy.
City Index offers a variety of Online Money Awards 2022-winning trading platforms, including an outstanding mobile trading app (Professional Trader Awards 2021) that doesn't skimp on performance.
Spread bets and CFDs will be available to City Index UK traders.
They are a member of StoneX Group, (NASDAQ: SNEX), a business with a solid history of offering trading services to both retail and institutional clients.
City Index Features
Regulation: FCA (446717), ASIC, CySec, and MAS Leverage: 30:1 (retail traders), 400:1 (professional traders) Minimum spreads: 0,8 pips Minimum deposit: £100 Trading platforms on offer: MT4 Customer Support: Round the clock from 10 am Sunday to 5 pm Friday Benefits: Learning hub
- Forex.com
The goal of Forex.com is to provide traders with the full CFD trading experience.
It does this by relying on five pillars.
Their award-winning mobile and web platforms: Since Forex.com designs its platforms with the investor in mind, you'll discover some incredible features there, like Performance Analytics, TradingView charts, market commentary, Reuters news feeds, and so on. Additionally, they offer their clients proprietary MT5 tools that are unavailable elsewhere.
Narrow Spreads: Forex.com takes great pleasure in its tight spreads and completely open, simple pricing, so you'll never be caught off guard.
Few brokers can boast of reliable, lightning-fast execution, with 99.73% of trades being completed in less than 1 second. However, Forex.com takes pride in the dependability and quickness of its execution. The business does not contract out execution work.
As a result, not only are they completely responsible for every trade, but you also save money as a result of the technologies used to continuously guarantee a lower price.
Being fully regulated and a financially secure provider, Forex.com is a part of StoneX, a NASDAQ-listed business with close to $11 billion in assets. The money of Forex.com's customers is secure since it is maintained in separate accounts at reputable top-tier banks because the company is regulated in a number of different countries across the world.
Unparalleled customer support: With Forex.com, you can count on receiving assistance from devoted professionals who can set up your account, get you started, provide you with a tailored tutorial, or just respond to any other queries you may have.
You can choose to receive calls or emails about service improvements or any other changes that can have an impact on your account, so you'll always be informed (regulatory, pricing or margin). You can even sign up for emails that will help you make your trades and trading plan better.
Forex.com Features
Regulation: Financial Conduct Authority (FCA) Leverage: 50:1 Minimum spreads: 0,43 pips average Minimum deposit: £100 Trading platforms on offer: MT4, MT5 Customer Support: 24h a day from 10 am Sunday to 5 pm Friday Benefits: Educational section
Source : https://www.financemagnates.com/