Best UK Forex Brokers

The UK is one of the largest Forex centres in the world. Policies for Forex operators and brokers are very strict and rigorous. Therefore, the UK Forex brokers are safer to trade with than certain other brokers from other countries.
With the onrush of many broker companies who look for quick money, it is sometimes hard to find the right broker who has the trader’s interest at heart.
If you are a new trader looking for a broker, the best would be to side with an experienced broker company who already know the business.
Luckily, in today’s world, we are given access to the global network, and we are not limited to making business within our country’s boundaries.
The biggest countries in the world, including the UK, opened their services to customers from all around the world, especially in the Forex market.
It is widely known that the UK is a well-regulated country and that they rely on a well- defined legislation that protects businesses, as well as consumers. If you want to be treated fairly and work under transparent and well-defined conditions, choose one of the best UK Forex brokers to start your trading career.

The Best UK Forex Brokers and Regulation

The Financial Conduct Authority (FCA) calls the shots in the UK Forex business. Every broker company registered with this regulatory organization can offer professional treatment and fair market to all participants.
The FCA is the official gatekeeper of the Forex market’s integrity and transparency. Companies registered with the FCA have to comply with a set of rules and regulations and meet very high industry standards to be able to operate.
The FCA reduces scamming opportunities, prevents market manipulation, and condemns every misleading announcement (in word and action) of broker companies.
The FCA’s scope of responsibilities includes:

1. Consumer and financial market protection
2. The Overall UK economy and market integrity
3. Business conduct of relevant markets
4. Stimulating healthy competition

Forex entails so many aspects that reflect on our everyday lives. We are not even aware of how a quality regulation helps all of us, directly and indirectly. The FCA significantly contributes to a healthy economy in the UK. Hence, they advance the quality of life of British consumers.

Extent of the FCA Power and Funding

The organization is responsible to the Parliament and Her Majesty’s Treasury. Still, they are not funded from the Crown’s budget but come up with revenues by themselves. Their revenue derives from the companies they supervise. These companies pay fees and commissions to the FCA and, in return, they have an impeccable business management. The FCA is an independent organization regulating 56,000 businesses so far.
Their website is very informative with easy navigation, where all detailed information on every of the companies can be found.
They have the authority to set minimum criteria for the trading of financial products, investigate organizations and individuals suspected of breaking the financial market laws and rules, instruct companies to remove misleading promotions, and ban a financial product for a whole year.
Thanks to the FCA, many broker companies enjoy a good reputation and can maintain and widen their client-base. In return, they have to respect the rights of their clients and responsibly handle their investments; otherwise, they will be sanctioned by the FCA.

What Do the Best UK Forex Brokers Offer?

Having explained the influence and power of the FCA, it is no surprise that UK’s best brokers are supervised by this very organization.
Clients like to know that they will be looked after if something goes wrong and that is what FCA regulated brokers guarantee. Trust is very important, not only in this but any other business as well. A good reputation will make clients stand in line for your services. The fair treatment and a healthy business environment are essential for the best Forex brokers in the UK.
Having determined one of the basic qualities of top UK brokers we can move on and discuss certain further essential features.

Deposits and Withdrawals

As Forex market is highly focused on currency value movements, make sure to be paid out in the currency you deposited.
Withdrawals are a sensitive topic in the Forex market. Many manipulative broker companies show their real intentions when it comes to withdrawals. Many engage in scheming and use silly excuses not to let you withdraw your profit.
This is not the case with the best UK Forex brokers. They know that taking and giving works both ways and will promptly pay you out after they’ve processed your withdrawal request. Otherwise, they know that such an action would give them a bad name, and possible complaint could be initiated against them, and it simply does not fit a well-reputed broker to be dragged into the dirt. If you face unreasonable delays in payouts, then something must be wrong. Hence, the best UK Forex brokers will offer fast cash outs transferred within reasonable timeframes.
Most brokers follow the 24-hour or same-day payout rule, not letting their customers wait for too long. This is just general information, while details on payment are available at the respective brokers’ websites. Brokers who are quick to pay are very popular in general.
Also, pay attention to the payment methods which they allow in order to avoid confusion or any misunderstandings.

Trading Platforms Offered by the Best UK Forex Brokers

The trading platform is the main tool of the trader. Brokers know that a convenient platform is of utmost importance.
Top UK brokers are known to have easily navigated and user-friendly platforms with all the features that a trader needs, as well as a strongly powered software with no malfunctions. The best UK Forex brokers do not just rely on one platform but provide multiple platforms to cover different preferences of their investors and traders.
Some UK brokers provide in-house custom-made and specifically designed platforms, while others offer independent, high-quality platforms like the MT4.
All platforms, in general, are accompanied by a downloadable mobile app suited for all kinds of cellular devices (Android, iPhone, Windows, etc.).
The platform, at least in most of the cases, includes a demo account and educational resources for the very beginners. There they can practice without investing or depositing any money. This gives newbies the chance to try out multiple platforms before deciding on the one they like the most.

Variety in Currency Pairs and Competitive Spreads

Top UK Forex brokers will make sure that they provide the best service to their customers, including a variety of currency pairs, ranging from major (e.g. USD, GBP, EUR, CHF, etc.) to exotic currency pairs (e.g. ZAR, HKD, etc.).
If you are a beginner, it is recommended to trade major pairs since they cost less, while exotic currency pairs can be quite expensive due to lack of liquidity in their respective countries.
Also, look for narrow spreads if you want to avoid losing your investments. Competitive spreads are an essential part of every top UK Forex broker.

Conclusion

One of the bright sides of the UK Forex market is that Great Britain has a stable economy, and the Forex market is pretty much well-defined (even though it is highly decentralized by nature). If you are trading with a UK broker, make sure to find one of the top brokers, and you will be able to trade safer than in some other parts of the world.

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*Trading bonus are not eligible for clients registered under Trading Point of Financial Instrument Ltd and Trading Point of Financial Instrument UK Ltd. T&C apply.