The forex market has a tremendous turnover in the UK. It is the global financial hub and is the 5th largest economy in the world. The UK is the hometown for various forex brokers. After the financial crisis of 2008, there was immense growth in the number of forex brokers, and at the same time, many brokers exited from the market. Finding the best forex UK broker is difficult as there are thousands of brokers in the market.
How To Choose Best UK Forex Brokers?
While choosing the right forex broker, you should do your due diligence about the broker with whom you will be partnering. Finding the right forex broker in the UK is just like finding the small fish in a large ocean.
First, you have to check whether the broker is capable and legit to handle your money. In addition to this, you will have to do thorough research about various factors and services offered by the broker. This might be hectic to visit every broker’s website and verify all the details and features.
We have made this simple for you; we have done thousands of hours of research and thorough diligence about their services and trading tools based on various aspects and benefits. Some of the major factors of any brokers are :
- Regulation
- Trading Accounts
- Trading Platforms
- Commission
- Trading Assets
- Customer Support
Below we have listed some of the safe and best forex brokers in the UK based on the above factors.
Best UK Forex Brokers 2021
T1Markets
T1Markets is the leading forex broker that offers exceptional trading services and trading conditions. The broker is the brand name of the General Capital Brokers Ltd and authorised by the Cyprus Securities and Commission Exchange.
The broker offers an advanced trading platform and a wide range of trading instruments and is the best forex broker for UK traders.
T1Markets Regulations:
T1Markets is authorised and regulated by the Cyprus Securities and Commission Exchange(CySEC) under licence no 333/17. The firm operates from Limassol, Cyprus, under registration no 345774.
The broker offers Negative balance protection and is a member of the Investors Compensation Funds(ICF). Thus T1Markets is the safest brokerage platform; traders can start their trading with this broker.
T1Markets Trading Accounts:
The broker offers three quality trading account types known as Silver, Gold and Platinum. Each account type has some additional features like swap discounts, free VPS, maximum leverage and low spreads.
The broker also provides a demo account and Islamic account based on sharia law. Traders can open an account easily within one day with a minimum deposit of $250.
T1Markets Trading Platforms:
The broker offers an advanced and globally popular MetaTrader4 trading platform. The trading platform is user-friendly and operates on the web, desktop and mobile. The platform is available on both android and ios operating systems.
The trading platform comes with unique features like 60+ analytical tools and indicators, one-click trading, 9+ timeframes, multilingual support, real-time prices, stop loss and limits, etc.
T1Markets Tradable Assets:
The broker offers a wide range of 300+ tradable assets from different financial markets covering major and minor currency pairs, major stocks, several cryptos, multiple commodities and indices.
Trading in multiple markets can diversify your portfolio and reduce the risk and enhance your profits. The broker offers maximum leverage based on different assets and low and floating spreads as per trading instruments.
Commission and Spreads:
The broker offers commission-free trading on all assets. The spreads are variable, and swap charges are as low as the broker provides good swap discounts. Spreads start from as low as 0.03, which is best in the industry.
Customer Support:
The broker has a dedicated and outstanding support team. The team is highly trained and is always prompt. Traders can contact them through telephone, email, live chat. They offer 24/7 assistance.
Why Trade with T1Markets?
- CySEC Regulated
- Minimum Deposit $250
- User-Friendly Trading Platform
- Dedicated Support
- Maximum Leverage 1:500
- Best Educational Support
Overall, T1Markets is the best forex broker that offers all the essential services and features. The educational and research support of the broker is exceptional and can help traders understand the dynamics of the forex market. It is one of the best forex brokers in the UK. Open account with T1Markets.
101investing
101investing the best international forex broker that is expanding its services rapidly with quality trading services. The broker is the trading name of the FXBFI Broker Financial Invest Ltd and authorised by the Cyprus Securities and Commission Exchange.
The broker is the top CFD broker that offers a wide range of trading instruments through an advanced trading platform and trading experience. The broker offers some unique features with its core account types.
101investing Regulations:
The broker operates from Limassol, Cyprus, under registration no 351508. 101investing is regulated and authorised by Cyprus Securities and Commission Exchange(CySEC) under licence no 315/16.
The broker uses the segregated bank account and is bounded by European regulations. It is also the part of Investors Compensation Funds(ICF), which takes care of the client’s fund and looks after the broker’s fraud.
101investing is the safest trading house for the traders of the UK and has thousands of active clients.
101investing Trading Account Types:
The broker provides three core account types known as Silver account, Gold account, Platinum account and pro account. Each trading account has some unique features, and every account comes with additional services.
Swap discount is different based on each account type. The pro account is best for professional traders that come with customisable features. The broker also provides a demo account and Islamic account based on sharia law.
The account opening process is hassle-free and straightforward. The minimum deposit is $250.
101investing Trading Platforms:
The broker offers an advanced and globally popular MetaTrader4 trading platform. The trading platform is user-friendly and operates on the web, desktop and mobile. The platform is available on both android and ios operating systems.
The trading platform comes with unique features like 30+ analytical tools and indicators, one-click trading, 9+ timeframes, multilingual support, real-time prices, stop loss and limits, order execution, etc.
101investing Tradable Assets:
The broker offers a wide range of 250+ CFD tradable assets from different financial markets covering major and minor currency pairs, major stocks, several cryptos, multiple commodities and indices.
Trading costs like swap charges may vary based on trading assets. The broker offers maximum leverage based on different assets and low and floating spreads as per trading instruments.
Commission and Spread:
The broker offers commission-free trading while traders have to pay some spread and swap charges. The broker provides swap discounts, and discounts may vary as per trading account types. Spreads start as low as 0.07.
Customer Support:
The broker has a highly dedicated and award-winning support team. The team is highly responsive and solves all the queries instantly. The broker offers 24/7 support, and traders can contact them through telephone, email, live chat.
Why Trade with 101investing?
- CySEC Regulated
- Minimum Deposit $250
- User-Friendly Trading Platform
- Dedicated Support
- Maximum Leverage 1:500
- Best Educational Support
Overall, 101investing is the best forex broker that offers all the essential services and features. The educational and research support of the broker is exceptional and can help traders understand the dynamics of the forex market. It is one of the best forex brokers in the UK. Open Account with 101investing.
PrimeFin
PrimeFin is the brand name of the leading investment firm Caps Solutions Ltd. The broker is uniquely invented around the core and simple idea that highly focuses on trading assets’ speed. It helps traders in the best possible way to keep pace with the dynamic and price shift of the market.
The broker offers various benefits such as significant control over the bids, instantaneous trading over 10,000 markets, fast and simple registration and real-time data.
The broker has an efficient team working round the clock to deliver the best services and fast market movement information.
PrimeFin Regulation:
PrimeFin broker operates from Malaysia under registration no LL16622. The broker is highly regulated and authorised by the Labuan Financial Services Authority (LFSA) under license number 12734767.
Moreover, the broker follows all the rules and regulations of the financial bodies like the EU, MiFID, and Investors Compensation Fund (ICF).
Overall, PrimeFin is considered the best and safest online trading platform for traders.
PrimeFin Trading Account Types:
The broker provides three unique account types for your most different trading style. The broker believes that the trading should be as fast as the blink of an eye and highly responsive to the global market shifts.
The forex traders can benefit from core account types like Gold account, Silver account and Platinum account. Each of these accounts corresponds to your trading expertise, skills, ambitions and strategies.
The broker also offers a demo account for novice traders to start their forex trading journey, understand the dynamics, and try different trading strategies.
PrimeFin Trading Platforms:
PrimeFin has made trading simple for you by offering digital trading platforms that are compatible with mobile and web browsers. You can access your trading account anytime from any place and can pursue trading with just one single click.
The two basic options for trading with PrimeFin are the advanced Web Trader and MetaTrader 4 Mobile app. The trading platform comes with unique features like 30+ analytical tools and indicators, one-click trading, 9+ timeframes, multilingual support, real-time prices, stop loss and limits, order execution, etc.
PrimeFin Trading Instruments:
PrimeFin allows you to trade on a wide variety of assets from international markets such as 40+currency pairs, top Stocks, 30+cryptocurrencies, 20+ commodities, significant indices trading through CFD trading. The broker offers exceptional trading conditions for trading forex and other assets through CFDs.
Commission and Spread:
The broker offers commission-free trading while traders have to pay some spread and swap charges. The broker provides swap discounts, and discounts may vary as per trading account types. Spreads start as low as 0.07.
Customer Support:
The team is highly responsive and solves all the queries instantly. PrimeFin has a dedicated customer support team operating Monday to Friday between 07:00 and 17:00. The methods through which you can connect with the executives are telephone, email, live chat.
Why Trade with PrimeFin?
- LFSA Regulated
- Minimum Deposit $250
- User-Friendly Trading Platform
- Dedicated Support
- Maximum Leverage 1:500
- Best Educational Support
Overall, PrimeFin can serve you in this direction. PrimeFin is the leading forex broker and service provider in the market compared to other forex brokers in the industry around the world. The educational and research support of the broker is exceptional and can help traders understand the dynamics of the forex market. It is one of the best forex brokers in the UK. Open Account with PrimeFin.
Capixal:
Capixal is the trending forex broker and the trade name of IFC Investments Cyprus Ltd. The broker started its operation with the intent to offer outstanding trading services and experiences.
The broker offers a comprehensive range of tradable assets, and user-friendly trading platform, and some exceptional services.
Capixal Regulations:
Capixal is regulated and authorised by the Cyprus Securities and Commission Exchange under licence no 327/16. The firm operates from Limassol, Cyprus, under registration no 342390.
Capixal is the safest trading venture and has gained thousands of active clients.
Capixal Trading Account Types:
The broker offers core account types, namely Silver, Gold and Platinum. Each account comes with some unique features and services. Every account provides a dedicated account manager and swap discounts, free VPS, etc.
The broker also offers a demo account type and Islamic swap-free account for Muslim traders as per sharia law.
Capixal Trading Platform
The broker offers an advanced and globally popular MetaTrader4 trading platform. The trading platform is user-friendly and operates on the web, desktop and mobile. The platform is available on both android and ios operating systems.
The trading platform comes with unique features like 30+ analytical tools and indicators, one-click trading, 3 chart types, 9+ timeframes, multilingual support, real-time prices, stop loss and limits, order execution, etc.
Capixal Tradable Assets:
The broker offers a wide range of 350+ CFD tradable assets from different financial markets covering major and minor currency pairs, major stocks, several cryptos, multiple commodities and indices.
Traders can trade all these instruments through a single platform and on one-click trading. The broker offers real-time prices of all assets.
Commission and Spreads:
The traders get the benefit of commission-free trading by just paying simple swap and spread charges. The broker offers up to 50% swap charges, and the spread is floating and as low as compared to other brokers in the industry.
Customer Support:
The broker offers the best and instant customer support and 24/7 assistance. The team is well trained about financial products, and traders can contact them via live chat, telephone and email.
Why Trade with Capixal?
- CySEC Regulated
- Minimum Deposit $249
- User-Friendly Trading Platform
- Dedicated Support
- Dedicated Account Manager
- Maximum Leverage 1:500
- Best Educational Support
Overall, Capixal is the best forex broker that offers all the essential services and features. The educational and research support of the broker is exceptional and can help traders understand the dynamics of the forex market. It is one of the best forex brokers in the UK. Open Account with Capixal.
Conclusion:
These were some of the top and best UK forex brokers. After doing thorough research, we have listed all these brokers and examined different aspects of each and every broker. You can choose anyone broker according to your convenience and confidently and fearlessly start your forex trading fruitful journey.
