Friday, June 21, 2024

How to Choose The Best Forex Trading Platform UK: Rating and Tips

In the United Kingdom, traders can choose from about a hundred licensed Forex brokers. Hence, most beginners get puzzled when it comes to selecting the best forex trading platform uk. In practice, it may take you several days to make a choice while there is no guarantee that it will be correct.

We are well aware of these difficulties, thus, we have compiled our own rating of companies worth your attention. We have picked up the most essential features to pay attention to so that it is quick and easy for you to make a decision.

5 Best Forex Brokers in the United Kingdom

Broker Key Feature MinimumDeposit Leverage Assets Platforms
1 FxPro Versatile choice $100 1:200 70 currency pairs MT4/MT5, cTrader, FxPro Edge (web), FXPro Direct (mobile)
2 eToro Best for copy trading $50 1:30 49 currency pairs, 93 crypto pairs, 31 CFDs eToro (web, mobile)
3 Admiral Markets UK Wide range of metatrader platforms $1 1:500 49 currency pairs, 32 crypto pairs, 27 CFDs MT4, MT5, MT Supreme
4 AvaTrade Most convenient for mobile users $100 1:400 55 Forex pairs MT4, MT5, AvaTradeGO, WebTrader
5 Interactive Brokers Best for desktops $0 1:1000 105 currency pairs, 92 CFDs Traders Workstation

Expert Tips for Beginners

  • The first step is to make sure that the broker chosen is licensed. Luckily, you can skip that as all the companies from our list are officially certified.
  • Then, have a close look at the terms of use and see whether a minimum deposit and rates offered are acceptable for you.
  • Study the selection of available currency pairs and assets.
  • Check whether the company provides educational videos, guides, analytics, and other kinds of support for novice users.
  • Find out whether it offers copy trading or social trading options. The safest strategy for novice traders is to watch and emulate more experienced colleagues.
  • Start from a demo account. No need to invest real money from the very beginning. You can get the feel of trading without any risks.
Sam Allcock
Sam Allcockhttps://www.abcmoney.co.uk
Sam heads up Cheshire-based PR Fire, an online platform that has already helped over 10,000 businesses to grab widespread media coverage on their news at an extremely accessible price point.

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