Five best regulated forex brokers in the UK
It regulates, authorises, and oversees hundreds of forex – foreign exchange – brokers who offer their services in the United Kingdom.
And these are five of the best, writes experts Forexsuggest.
IG
IG has been in operation since 1974 and is a reputable, multi-regulated STP, ECN, and DMA broker with offices in the United Kingdom, Australia, USA, Switzerland, UAE, Singapore, and Japan.
IG is one of the most trusted online trading brokers which offers a choice in more than 17,000 tradable financial instruments spread across several asset classes.
IG has more than 195,000 registered traders from around the world, offering both retail and institutional traders with competitive trading conditions, fast and reliable trade execution, and a range of trading tools, education, and powerful trading platforms.
Pros: Strict regulation; Powerful trading platforms supported; Great variety of financial instruments offered; Competitive trading conditions; Variety of trading tools offered.
Cons: Islamic Account option offered but truly little information available on it; High minimum deposit.
Admirals
Previously known as Admiral Markets, Admirals is a multi-regulated ECN and STP broker that has been offering comprehensive trading solutions and services for more than two decades.
Admirals is an award-winning broker with offices in Australia, the United Kingdom, Cyprus, and Estonia, with an outstanding reputation for offering competitive trading conditions, a choice in powerful, versatile platforms, and a range of useful trading tools.
Pros: Strictly regulated; Segregated client funds; Negative balance protection offered; Commission-free account options available.
Cons: US Clients not accepted; Fixed spread accounts not offered; Islamic Option only available on one account type.
FxPro
FxPro is a reputable broker that has been in operation since 2006, with more than 1.3 million registered traders from around the world.
When trading with FxPro, UK traders are provided with a choice in modern trading platforms, a range of tradable financial instruments, competitive trading conditions, premium trader tools, and a secure trading environment.
Pros: Well-regulated, Premium trader tools; VPS offered by Beeksfx; Expert analysis from Trading Central; Choice in accounts.
Cons: US, Iraq, and Canadian traders not accepted; Managed accounts not offered; Cryptocurrency trading not supported; Spreads are not the tightest.
Exness
Established in 2008, Exness is a popular and well-regulated broker which is based in the United Kingdom, Cyprus, and Saint Vincent and the Grenadines, with corresponding regulation through FCA, CySEC, and SFSA.
Exness provides traders with access to a range of financial markets, competitive trading conditions, and a choice in dynamic account types that cater for all classes of traders, whether they are beginners or experts.
Pros: Globally recognised broker; Negative balance protection; MetaTrader offered; Demo and Islamic Account offered.
Cons: US clients not accepted; Multi-currency accounts not supported.
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Forex.com
Forex.com is one of the largest, most trusted online brokers in the industry, and the only one which has an Execution Scorecard for proven trade execution speeds.
Forex.com is based in the United States, United Kingdom, and Japan, with corresponding and respective regulation in these, and several other, regions. Forex.com has more than 200,000 registered traders and offers competitive conditions, a range of financial markets, and innovative technology.
Pros: Multi-regulated; Commission-free trading; Advanced trading solutions; US clients welcome; Range of trading tools.
Cons: Limited funding options; Fixed spread accounts not offered; Spreads are not the tightest.
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