There are a large number of brokerage companies in the UK. However, it is important that you choose a trustworthy company with good conditions. The experts at Traders’ Union have selected the best Forex brokers in the UK.
To trade successfully on the financial markets, it is important to choose the right broker. The company must be reliable and trustworthy and also offer favorable conditions, as traders need to work with their own money and minimize risks. Hundreds of brokerage firms offer their services in the UK, but not all are equally reliable or offer the same attractive terms.
Traders’ Union experts have picked the Best Forex Brokers in the UK.
How do Traders Union analysts choose the The Best Brokers?
The most important criteria include the following:
- Reliability and licence of the Forex broker.
- Trading and non-trading fees.
- Choice of trading assets.
- Deposit and withdrawal methods.
- Quality of customer service.
- Number of account types.
- Account currencies, etc.
Training for beginners, analytical materials and a number of other factors are also evaluated.
How can the trustworthiness of a Broker be determined?
There are 3 main criteria to consider when choosing the most reliable brokers, including the following:
- Licence. Only firms licensed by the local Financial Conduct Authority (FCA) or EU regulators can operate in the UK.
- Track record of the company. The longer the broker has been in the market, the more trustworthy it is.
- Registration information. It is important that the broker is registered in the UK or another reliable jurisdiction.
It is also important to read and analyze reviews and feedback from traders about the broker.
Best Forex Brokers in the United Kingdom
Based on the analysis of over 300 brokerage firms, the experts of Traders Union have chosen the 30 most reliable brokers. The list includes the following companies:
- IC Markets
- Admiral Markets UK
- AvaTrade and others.
Traders Union named RoboForex the best broker in the UK. The broker is regulated in Cyprus, the EU. The company offers good trading conditions, copy trading as a passive income option, education for beginners, etc.