CFD Brokers and Trading Tips For UK Investors – Reviews and Top List

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Contents

Compare Brokers in the United Kingdom

For our the united kingdom comparison, we found 23 brokers that are suitable and accept traders from Russian Federation.

We found 23 broker accounts (out of 147) that are suitable for the United Kingdom.

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About XTB

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

75% of retail investor accounts lose money when trading CFDs with this provider.

Read our in-depth XTB review

AvaTrade

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About AvaTrade

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

71% of retail investor accounts lose money when trading CFDs with this provider.

eToro

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About eToro

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About IG

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

68% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Read our in-depth IG review

Forex.com

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About Forex.com

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

69% of retail investor accounts lose money when trading CFDs with this provider

Plus500

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About Plus500

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

76.4% of retail CFD accounts lose money

Axitrader

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About Axitrader

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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XM Group

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About XM Group

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

71.6% of retail investors lose money when trading spread bets and CFDs with this provider.

City Index

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About City Index

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

72% of retail investor accounts lose money when trading CFDs with this provider

EasyMarkets

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About EasyMarkets

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

83% of retail investor accounts lose money when trading CFDs with this provider.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The Ultimate Guide to

The UK Financial Market

The UK’s principal stock market is the London Stock Exchange, which was founded in 1571, making it one of the world’s oldest stock exchanges. Since 2007, the London Stock Exchange has been part of the London Stock Exchange Group, which also owns the Italian Borsa Italiana, the Russell Indexes, FTSE International, Exactpro and MilleniumT, in addition to controlling stakes in clearing house company LCH and fixed income broker MTS.

The LSE ranked as the world’s seventh largest exchange by market capitalization, according to the World Federation of Exchanges. The main stock index for UK stocks is the Financial Times Stock Exchange 100 or FTSE 100 index that is composed of the top 100 stocks of blue-chip companies with the highest capitalisation listed on the London Stock Exchange. In addition to the FTSE 100 index, the exchange also lists the FTSE 250, FTSE 350, FTSE Small Cap and FTSE All-Share Indexes.

Forex traders will generally recognize the UK pound sterling (GBP) as the United Kingdom’s national currency. The GBP ranks 4th among the most popular currencies held by central banks as reserves worldwide, making up roughly 0.044% of total central bank reserves in Q4 2020, according to the International Monetary Fund (IMF).

The pound sterling was ranked fourth by the Bank for International Settlements (BIS) among the currencies that were most actively traded in April 2020. Turnover in GBP/USD and the sterling crosses made up roughly 12.8% of the forex market’s overall daily turnover in April 2020, which rose from an 11.8% share seen in April 2020.

In the UK, financial regulation for online contract for difference (CFD) and forex brokers is performed by the UK’s Financial Conduct Authority (FCA). Financial service and investment firms, online brokers and payment companies all require authorisation from the FCA before beginning to solicit clients.

Trading in the United Kingdom

If you are looking for a broker to trade forex and CFDs online through, you will want to select a well-regulated broker with a good reputation with current and past clients, since you may be entrusting them with a significant initial margin deposit to start trading.

UK online brokers usually have several different types of trading accounts for traders. These include:

  • Live forex trading accounts: Forex trading involves exchanging one national currency for another and then managing the resulting position as exchange rates fluctuate. One currency will typically gain or lose value relative to the other in a given currency pair that then yields profits or losses on the position. The foreign exchange market remains the largest and most liquid financial market worldwide with a daily turnover amounting to $5.1 trillion each day in April of 2020, according to the BIS that provides data on such things. The popularity of forex trading grew greatly when online trading started to become available to retail traders, although some countries, including the UK, have hampered the ability of such traders to participate since they tend to lose money by restricting leverage ratios.
  • Live CFD trading accounts: CFDs consist of derivatives that have their value determined by that of an underlying asset. Such assets can include currency pairs, commodities, stocks, stock indices and other financial instruments. When traders made CFD transactions, they generally do so to speculate on the future direction of the relevant underlying assets.
  • Spread betting accounts: Spread betting consists of a derivative market speculation strategy where traders do not own the underlying asset that they are betting on but just speculate on whether it will go up or down based on prices shown by a broker. An underlying asset suitable for spread betting could be a forex currency pair, equity, index or a commodity.
  • Demo trading accounts: Demo accounts are funded using virtual money, so traders can use them to practice their trading skills, test out a new trading strategy or see if a broker’s platform and trading services fulfil their requirements. More information about opening a demo account appears here.
  • Islamic trading accounts: Islamic accounts suit traders who want to operate in an account conforming to Sharia law. More information about trading using an Islamic account appears here.

With respect to other tradable assets, the LSE provides execution services in stocks, bonds, retail bonds, ETFs, derivatives, exchange-traded commodities, Gilt-edged and debt securities, global depository receipts (GDRs), and structured products. Transactions on the LSE are generally done in British Pounds (GBP).

Furthermore, the LSE has been at the forefront of exchange trading technology since 1997, when the exchange automated trading for the FTSE 100 stocks. Currently, the exchange offers several electronic trading platforms for its different asset classes.

Other considerations for trading in the UK are its tax laws. While gambling is legal in the UK and proceeds are generally not subject to capital gains tax, profits from stock transactions are taxed at the rate of 18% after a £12,000 deduction (£6,000 for trusts), rising as high as 28% for people with larger incomes.

Opportunities of Trading in the UK

The UK is a major trading power internationally and ranks as the fifth largest economy worldwide, according to the World Bank Group, with a GDP of $2,622,434 million in 2020. Britain has also traditionally benefited by offering high quality infrastructure in an English-speaking business centre geographically adjacent to the European Union with few trade barriers.

The country also has a regulatory and legal structure favourable for businesses, while the UK’s well-educated workforce remains an asset. Furthermore, according to export.gov, the UK offers various business opportunities including:

  • Highly sophisticated market
  • Good demand for services and products that improve productivity
  • Excellent platform for marketing to Europe
  • Strong commitment to low carbon targets
  • Very mature financial markets
  • Legal financial market betting

The UK ranked 9th overall on the World Bank’s list of countries when it comes to ease of doing business. The country was also quite strong with respect to starting a business and protecting minority investors, ranking 19th and 15th respectively. The UK remains a major market for U.S. exports of services and goods, as well as a key destination for foreign direct investment from the United States.

Challenges of Trading in the UK

The UK’s largest individual nation trading partner is the United States, which means that economic pressures in the United States can have an effect on UK markets. Nevertheless, the EU multi-nation trading bloc also trades significantly with the UK, which makes the uncertainty reflected from the Brexit negotiations have an effect on both the Pound Sterling and the FTSE 100.

Since June 23rd of 2020, financial markets in the UK and the pound sterling have been notably affected by the results of the Brexit referendum held that day. The referendum involved having the British people decide whether to remain in or leave the European Union. The leave vote won with 51.9% of the vote, with 48.1% voting to remain in the EU. This result was based on a turnout of 71.8% or roughly 30 million British voters.

Cancelling Brexit altogether would require a change in British law, which no major parties presently support, although UK Members of Parliament have already rejected proposed withdrawal agreements three times. Brexit was originally scheduled to occur on March 29th, 2020, but the UK’s EU exit time has since been postponed until 23:00 hrs GMT on October 31st, 2020.

Some traders may be concerned about the high market volatility the successful Brexit vote has brought to UK markets. They may also doubt the ability of UK financial institutions to compete as effectively in a post-Brexit Europe.

The Brexit negotiations have also had an effect on the valuations of both the pound sterling and the euro. The Bank of England (BOE) has adopted measures in£ its monetary policy to deal with Brexit and has activated a swap line with the European Central Bank in the event that a “no-deal” Brexit occurs.

In addition to the geopolitical challenges traders face when dealing in UK markets, London remains one of the most expensive cities in the world to do business in. Transportation, restaurants, property prices and the general cost of living are significantly higher than in other major European cities, so those hoping to do business there will have to budget for extra costs.

Summary

Overall, traders and businesses should find the United Kingdom a safe and sophisticated country to operate in. The UK has a long history of financial market activity, and the FCA provides strong and competent oversight to financial firms and brokers

If a UK-based trader is looking for a broker to trade through, they will first want to check that the broker is FCA regulated and segregates clients’ funds from its own, unless they want to take the extra risk of dealing with a foreign broker. Any competent broker should also offer an appropriate set of asset classes, a quality trading platform with sufficient features, and a secure place to make an initial margin deposit.

Why Choose XTB
For the United Kingdom?

XTB scored best in our review of the top brokers for the united kingdom, which takes into account 120+ factors across eight categories. Here are some areas where XTB scored highly in:

  • 16+ years in business
  • Offers 1,500+ instruments
  • A range of platform inc. MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.20pips
  • Used by 230,000+ traders.
  • Offers demo account
  • 3 languages

XTB offers three ways to tradeForex, CFDs, Social Trading. If you wanted to trade EURUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

XTB have a AAA trust score. This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 16

Trust Score comparison

XTB AvaTrade eToro
Trust Score AAA AAA AAA
Established in 2002 2006 2006
Regulated by Financial Conduct Authority Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI Financial Conduct Authority, CySEC, ASIC
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

A Comparison of XTB vs. AvaTrade vs. eToro

Want to see how XTB stacks up against AvaTrade and eToro? We’ve compared their spreads, features, and key information below.

List of the best 23 Forex Brokers | Trusted Reviews

Table of Contents

Are you looking for a good and serious Forex Broker? – Then this page is the right place for you. Thanks to the large selection on the Internet it is often difficult to make the right decision. With more than 7 years of experience in the financial markets, we present you with the best providers with top service and without hidden costs. Find out in the following texts how to select a secure forex provider and which online broker offers the best conditions.

Broker: Review: Regulation: Spreads: Assets: Advantages: Open Account:
1. BDSwiss (5 / 5)
➜ Read the review
CySEC (EU), FSC (MAU) Starting 0.0 pips + monthly fee 250+ + Individual offers
+ Trading signals
+ Raw Spreads
+ Leverage 1:500
2. Tickmill (5 / 5)
➜ Read the review FCA (UK), CySEC (EU), FSA (SE) Starting 0.0 pips + 1$ commission per 1 lot 84+ + Best conditions
+ Best execution
+ Personal service 3. XM Forex (5 / 5)
➜ Read the review FCA (UK), CySEC (EU), ASIC (AU) Starting 0.0 pips + 3.5$ commission per 1 lot 1000+ + Huge varierity
+ Micro accounts
+ Daily webinars 4. RoboForex (5 / 5)
➜ Read the review IFSC (BE) Starting 0.0 pips + 4.0$ commission per 1 lot 9000+ + Huge varierity
+ Micro accounts
+ Bonus program
+ Leverage 1:2000 5. BlackBull Markets (5 / 5)
➜ Read the review FSPR, FSCL Starting 0.0 pips + negotiable commission per 1 lot 100+ + ECN Broker
+ Deep pool execution
+ High liquidity
+ Best execution 6. IC Markets (5 / 5)
➜ Read the review ASIC (AU), CySEC (EU), FSA (SE) Starting 0.0 pips + 3$ commission per 1 lot 232+ + Good conditions
+ ECN Broker
+ High liquidity 7. SuperForex (5 / 5)
➜ Read the review IFSC (BE) Starting 0.0 pips + 0.0$ commission per 1 lot 400+ + Bonus program
+ ECN Broker
+ Low fees
+ Min. deposit $1 8. HF Markets (HotForex) (5 / 5)
➜ Read the review More than 6 Starting 0.0 pips + 3$ commission per 1 lot 150+ + Multi-regulated
+ Account types
+ Good service 9. Vantage FX (5 / 5)
➜ Read the review ASIC (AU), CIMA (CAY) Starting 0.0 pips + 2$ commission per 1 lot 120+ + Leverage 1:500
+ ECN Broker
+ Personal service 10. ATFX (5 / 5)
➜ Read the review FCA (UK) Starting 0.6 pips variable 100+ + High security
+ NDD Broker
+ Good support 11. Admiral Markets (5 / 5)
➜ Read the review FCA, ASIC, CySEC, EFSA Starting 0.0 pips variable + 3$ commission per 1 lot 3000+ + Multi-regulated
+ Huge variety
+ Special offers 12. FXCM (5 / 5)
➜ Read the review FCA, AFSL, FSCA Starting 0.2 pips variable 100+ + NDD/ECN Broker
+ High liquidity
+ Institutional service 13. Pepperstone (5 / 5)
➜ Read the review FCA, ASIC Starting 0.0 pips + 7$ AUD commission per 1 lot 150+ + Fast execution
+ Large FX Broker
+ Good service 14. Olymp Trade (5 / 5)
➜ Read the review IFC Starting 0.0 pips + 15% commission 200+ + Trade with 1$
+ Options and Forex
+ Bonus program 15. Binary.com (5 / 5)
➜ Read the review VFSC, FSC, FSA Starting 1.0 pips variable 100+ + Trade with 1$
+ Options & Forex
+ Broker since 1999 16 FxPro (4.9 / 5)
➜ Read the review FCA, CySEC, FSCA, DFSA, SCB Variable 0.0 pips 250+ + High liquidity
+ NDD Broker
+ No requotes
+ No commissions 17. XTB (4.8 / 5)
➜ Read the review More than 10 Starting 0.0 pips + 3.5$ commission per 1 lot 3000+ + Huge varierity
+ Good platform
+ Best service 18. InstaForex (4.8 / 5)
➜ Read the review CySEC (EU), BVI FSC Starting 0.0 pips + 0.02% – 0.07% commission per 1 lot 300+ + Good conditions
+ Personal service
+ Bonus program 19. Alpari (4.8 / 5)
➜ Read the review FSC, FC Starting 0.4 pips variable 250+ + Broker since 1998
+ Bonus program
+ NDD and ECN 20. AvaTrade (4.8 / 5)
➜ Read the review More than 6 Starting 0.8 pips 400+ + Fixed spreads
+ Option trading
+ Personal service 21. AxiTrader (4.7 / 5)
➜ Read the review FCA, ASIC, DFSA Starting 0.0 pips + 3.5$ commission per 1 lot 80+ + Multi regulated
+ Fast execution
+ High security 22. FBS Forex (4.5 / 5)
➜ Read the review CySEC, Bermuda Starting 0.0 pips + 1,5$ commission per 1 lot 70+ + Low fees
+ Fast execution
+ VIP Accounts 23. FBS Forex (4.5 / 5)
➜ Read the review IFSC (BE), CySEC (EU) Starting 0.0 pips + 6$ commission per 1 lot 250+ + Micro accounts
+ Personal service
+ Bonus program

(Risk warning: Forex trading is a high risk investment. You can lose your money. Be aware of the risks)

Strict criteria for the Forex Broker Review

In contrast to many other comparison sites, we present you on this website only the safest providers with the best conditions for traders. As experts with many years of experience, we have tested many Forex Brokers and still use some of them. A good provider should have certain characteristics that guarantee good and safe investing.

It is not uncommon to hear of fraud on the Internet. This is to be avoided by this comparison. In addition, one would like to save on charges as a trader because the costs for the trade reduce of course the actual profits. Also, the security of customer’s money is of high priority. A regulation or license, for example, is urgently needed for secure trading with international brokers. All these criteria and many more are included in the test. Therefore we can present you on this page the best Forex Brokers in a list.

Proven facts for a good Forex Broker:

  • Regulation and license of an official finance authority
  • High safety of customer funds
  • Fast and reliable market execution
  • Small Forex Trading fees and no hidden fees
  • No requotes (high liquidity)
  • User-friendly trading platform
  • Free and unlimited demo account
  • Professional support
  • Fast deposit and withdraw methods

How does a Forex Broker work?

A Forex Broker is an intermediary between a client (trader) and the interbank market for currencies (Wikipedia). In addition, the broker can lend capital to the trader so that he can trade with leverage. The broker’s income is generated by the spread and the cost of financing the leveraged positions.

There are 2 different models of brokers: Market Maker and ECN/NDD Broker

example of live spreads for Forex Brokers

Market Maker:

This broker does not place the trader’s orders directly into the real interbank or spot market. There is an internal matching system between the positions of the traders. Of course, the broker can hedge himself on the real markets so that there are no distortions in supply and demand. In most cases, this system can be opaque and only as a broker employee you know the exact functions. A Market Maker Forex Broker is not bad or scam. Nowadays, most providers offer good and exact executions.

ECN/NDD (Non Dealing Desk) Broker:

ECN and NDD mean direct access to the interbank market through various liquidity providers. These are large banks or very large Forex Brokers. The provider places the trader’s orders directly into the real market. So the customers get direct and real market prices for trading. With this model, there is no conflict of interest between trader and broker. Zero (no) spread accounts are offered.

Warning: Only trade with regulated and licensed Forex Brokers

Security has the highest priority in online trading. When it comes to trading leveraged financial products, you have to be able to trust the Forex Broker. It is not uncommon for large sums of money to be used to generate a large profit. For example, brokers in Europe must have regulation or license if they want to offer their services. The regulation can be in any European country. The same or almost the same requirements apply to brokers everywhere. In order to avoid fraud, it is important to look for such a license.

Licenses are only issued under certain conditions and criteria. If a broker violates these conditions, the license may be withdrawn immediately. All tested companies of mine are always concerned to keep the highest criteria and to guarantee a safe trade. Many brokers, for example, are regulated in Cyprus. This has tax advantages. Nevertheless, there are also Forex Brokers with more than one regulation. The various regulatory authorities can be seen in the table above.

Facts of reliable and secure companies:

  • Regulation and license
  • Separated customer funds
  • Regulated deposit and withdrawal methods
  • Using well-known banks
  • Large liquidity providers

Another important point for serious trading is the security of customer funds. Payouts of winnings or the deposited amount should work smoothly. It was not uncommon for some brokers to speculate on customer funds themselves. In the end, withdrawals were refused or delays occurred.

How risky is Forex Trading?

Forex trading is managed by leveraged financial products. That means you are able to trade a bigger contract size than the amount of money in your account. Some brokers offer the leverage up to 1:3000. Many traders are afraid of the obligation to make margin calls and this is not without reason as the past has shown. Account balances could slip into the negative balance. This is possible due to extreme market situations and too large a position size in relation to the account balance.

The providers shown above all have no obligation to make additional contributions (except IC Markets and Vantage FX). With the providers in the upper table, you are therefore protected against such a scenario. In our experience, this can only happen if the account is too heavily leveraged. You should always beware of sensible risk management.

Beginners should always start with the free demo account to practice Forex Trading.

A demo account is essential for successful trading. The trading column form and conditions can be tested extensively with this account. It is a virtual credit account that simulates real money trading. It can be traded without risk. This means that new strategies can be developed or new markets tested. The demo accounts of the compared providers are completely free and unlimited. This account is best suited for entry into forex trading.

How to deposit and withdrawal money:

For most traders, the first deposit into their account is very exciting. It should work smoothly and be highly secure. Forex Brokers offer well-known and proven payment methods. Capitalize the trading account with electronic methods (credit card, e-wallet, PayPal, crypto) or with the classic way of bank transfer. Electronic methods work in real-time and the money is credited directly to the trading account. Trading can be started immediately. The minimum deposit at the compared brokers is very low. For example, you can open an account from as little as 1$. If this is worth it, you have to decide for yourself. There are no fees for deposits.

example of payment methods of a Forex Broker

The payout is also very uncomplicated. With a few clicks, you can request a withdrawal on the menu. This is then released in 1-3 working days. However, most brokers payout customer money in less than 24 hours. All presented brokers passed this test. The fees can be high for small payouts. With payments over 200$, the most Forex Brokers take over the fees but some brokers do not charge any commissions.

Facts about the payments:

  • Instant deposit of money
  • Fast withdrawal within 1 – 3 working days
  • Electronic Methods (Skrill, Neteller, PayPal, and more)
  • Cryptocurrencies
  • Bank wire

Not every country is available for Forex Trading

Not every country is available for Forex Brokers and trading. This is because there are some restrictions and special regulations. For example, in some countries, an international broker needs a special license for that specific country. So it is too much afford for some companies to get the license and they stop taking clients from these countries. You can clearly see on the homepage which clients they accept. Not many brokers accept clients of the United States of Amerika.

From my experience, the fastest-growing countries are in Africa and Asia. Because of the development of mobile internet, more people get connected to the forex market. India, Nigeria, Philippines, Malaysia, and China are at the moment the fastest-growing countries.

Is forex trading legal?

Forex Trading is fully legal if there is not any ban from the government. Forex trading is just changing money into another currency. This is not an illegal practice. The brokers on my review got official regulations so they act fully legal.

Review conclusion: Start trading with a reliable Forex Broker

On this page, we have presented you with our current list of the top 23 Forex Brokers in comparison. Now you have a selection of good and reputable companies in front of you. It was particularly important to us that we only present providers here, which we have tested by ourselves with real money. This is not the case with most comparisons.

Profit now from the most favorable fees and the best conditions by my experience of many years. With these providers, you are 100% safe and can take your Forex trading to the next level.

We hope you could learn something in this comparison and act now with better providers through my recommendations. If you can’t make up your mind, please also read the reviews.

Top 5 Best Forex Brokers UK – Trading Platform Reviews

Looking For A Reputable UK Forex Broker? Discover The Top 5 UK Forex Brokers With The Best Customer Satisfaction, Condition & Trading Platforms

REVIEW BREAKDOWN
Vantage FX: Best UK Forex Broker, Excellent Execution & Costs & Most Complete Trading Platform
Trade.com: Best UK Broker for trading U.S. Stocks, ETF’s & Forex With Beneficial Ownership
Admiral Markets: Best UK Broker for Customer Satisfaction & MT4 & MT Platforms
Forex.com: Best UK Listed Forex Broker with MT4 & VPS Hosting
Plus500: Best For a Big Selection of Share CFDs, ETF’s & Cryptocurrencies

Table of Contents

This review covers the Top 5 Foreign Exchange (Forex) Brokers in the UK, based on independent customer satisfaction ratings, service quality and thousands of hours of testing and comparisons. Whichever broker you choose you should be in good hands.

The Best Forex & CFD brokers & Platforms In The UK

The 5 Best Forex Brokers — UK

  • Vantage FX: Best UK Forex Broker, Excellent Execution & Costs & Most Complete Trading Platform
  • Trade.com: Best UK Broker for trading U.S. Stocks, ETF’s & Forex With Beneficial Ownership
  • Admiral Markets: Best UK Broker for Customer Satisfaction & MT4 & MT Platforms
  • Forex.com: Best UK Listed Forex Broker with MT4 & VPS Hosting
  • Plus500: Best For a Big Selection of Share CFDs, ETF’s & Cryptocurrencies

5 Best Forex Brokers UK Reviews

Vantage FX

Simply The Best Trading Conditions, Most Complete Platform & First Class Execution Speed & Costs. Add cTrader, MT4 & 5, ZuluTrade and Regulated By ASIC Australia You Have A Great Broker.

Vantage FX has been around since 2009 which makes it one of the more established CFD Forex Brokers in the industry. Based in Australia, but servicing the U.K. Vantage FX is focused on enabling their clients open and transparent access to the markets while using the best platforms around, MT4 & MT5. Straight Through Processing (STP) and Electronic Communications Network (ECN) accounts also mean direct market access, lightning-quick execution and no conflict of interest with the client.

Vantage FX Review Summary Pro’s Con’s
Trustpilot Score ★★★★ ★ Retail & Pro Accounts + ECN & STP ✘ No ETF or Bond Trading
FPA Rating ★★★★ ★ Choice of Spread or Commission ✘ Only 100 Share CFD’s
Open An Account ★ MT4, MT5 & ZuluTrade Platforms Available
★ Cryptocurrency Trading
★ High Leverage Possible

Risk Warning: 70%+ of retail investor accounts lose money when trading CFDs with leverage.

Broker Ratings & Reputation

Vantage FX scores extremely well on the FPA rating website, with 4 stars, which is one of the highest ratings for Forex Brokers.

The Trustpilot ratings are also 4 stars Vantage FX is a highly reputable broker with very happy customers and operating under one of the most stringent regulatory authorities in the world, the Australian Security and Investments Commission.

Types Of Accounts Available At Vantage FX

Vantage FX Account Types Standard STP RAW ECN PRO ECN
Platform MetaTrader 4
MetaTrader 5
WebTrader
Mobile Apps
Execution Type STP ECN ECN
Forex Pairs 40 40 40
Indices 13 13 13
Commodities 20 20 20
Minimum Balance $200 $500 $20,000
Minimum Trade Size 0.01 lot 0.01 lot 0.01 lot
Leverage Up to 500:1 500:1 500:1
Spreads from 1.4 pips 0.0 pips 0.0 pips
Commission $0 $3.00 per lot per side $2.00 per lot per side
Table 1: Service & Leverage Per Account — Vantage FX

As you can see Vantage FX are competitive across the board, the only decision you will need to make is the type of account you want. The Standard STP account is a Straight Through Processing (STP) account which enables direct market access to the big liquidity providers like hedge funds and investment banks, this is great for the trader because the broker is not taking the opposite side of your trade therefore not trading against you. Because it is an STP account you will pay a tight spread to fund the transaction with the liquidity providers.

The RAW ECN and PRO ECN accounts use the Electronic Communications Network via MetaTrader. The ECN is a global hub where all the major liquidity providers connect to and compete to fill your order by offering the best prices. For the privilege of offering you the best price, they will be paid via $3.00 per lot on the Raw ECN accounts and $2.00 per lot on the PRO account.

If you are a novice or intermediate trader go for the Standard STP account. If you are experienced go for RAW ECN and if you will be a frequent trader with a minimum account balance of $20,000 you can opt for the PRO ECN account.

Whichever account you choose you know you will not be competing against your broker, but connecting directly to the markets and getting good prices for your trades

Forex Trading

Vantage FX offers a good selection of 40 foreign exchange (Forex or Fx) pairs for trading. All the common pairs such as EUR/USD and EUR/GBP are covered, plus more exotic pairs such as NZD/JPN (New Zealand/Japan). Leverage is available up to 500:1 but of course, the leverage available to you depends, as with all brokers, on your account balance and experience.

Cryptocurrency Trading

Trading Crypto is hot right now, and Vantage FX currently offer 6 Cryptocurrency pairs. You can trade Bitcoin, Bitcash, Ethereum, Litecoin and Ripple vs the U.S. Dollar at between 2:1 and 5:1 leverage.

Share & Indices Trading

With a portfolio of only 100 shares CFD’s, Vantage FX is a little light in this department, with other brokers offering up to 3000 shares. The 100 shares you can trade are mostly U.S. Blue Chip companies. So if taking advantage of stock trading opportunities is your thing you might want to look at Plus500.

In terms of indices, you will have access to the major European, American and Asian benchmarks including the DAX, Nasdaq, Dow, CAC, FTSE, ASX, Hang Seng, and the China A50, 15 in total at up to 200:1 leverage. Vantage FX does not offer Options trading via CFD’s.

Commodities

For those interested in commodities, there are 20 to choose from, which gives you enough to trade if your focus is on commodity futures. The usual commodities like Oil, Coffee, Corn, Wheat, Copper, Sugar, and Gas are available.

Brokers Trading Platform

Vantage FX aims to provide its customers with every possible choice of tool & trading platform. You have the choice of Vantage FX WebTrader or MetaTrader 4 / 5, cTrader for ECN Currency Trading, ZuluTrader for Copy Trading and MyFXBook. Of course, whichever desktop software you choose, you will still be able to trade from your tablet and smartphone. The MetaTrader 4 App has a 4-star rating on the Play store and in the Apple store 4.5-stars, which means you will get a great mobile trading experience. Ultimately you know you will be getting a solid and seamless experience however and wherever you choose to trade.

Vantage FX Web Trader For MT4 & MT5

You can use the Vantage FX Web Trader platform which is easy to use yet very powerful, this will give most retail investors what they need with a minimal investment in training and no installation required. Simple “one-click to trade” enables you to execute the trade quickly. You have all the order types available, so there is no pairing back of functionality with the online tool. Naturally, you get streaming real-time quotes, but the best thing is that the orders are processed using Straight Through Processing (STP) which means the order goes straight to the top tier liquidity providers to optimize order (Bid/Spread) pricing and execution.

Vantage FX MetaTrader 4 & MetaTrader 5

If you want to operate an ECN account with direct market access you can utilize the best, MetaTrader 4 or 5. MetaTrader will open up a world of automated trading and real-time streaming of news and events, it may take some time to work on your learning curve but it will be well worth it. The ECN is worth its weight in gold because you trade directly in a pool with other traders without the middle man or Market Maker, this is how you get spreads close to 0.0, but instead, there is a transaction fee commission on the trade due to the costs of operating the ECN. The ECN is not operated by Vantage FX, but they do have a Fiber link into the ECN for faster trade execution.

There are no upfront costs associated with using the platforms available.

Vantage FX — MarketTrader Video

Company Background & Regulators

Vantage FX was established in 2009 and it has developed a loyal following through its fair market access and customer service. The holding company is Vantage Global Prime Pty Ltd a privately held company supervised and regulated by the Australian Securities and Investments Commission (ASIC), one of the more stringent regulators out there.

Account Funding & Investor Protection

Account Funding

Opening a demo account is free, but to start trading you will need a minimum balance of $200 for a Standard STP account all the way up to $20,000 for a PRO ECN account. Minimum balances seem to be important to some people, but from my perspective, if you cannot afford $200, you probably should not be attempting to trade CFD’s.

Investor Protection

Vantage FX do not offer negative balance protection or guaranteed stops. This could be because of the nature of the service they offer. You cannot expect Vantage FX to offer guaranteed stops when they are offering a Straight Through Processing (STP) service. This means they are not acting at the market maker, which would allow them to offer negative balance protection and guaranteed stops, they are routing your trades through to a much more liquid market where it is not so protected. This has benefits to the trader because you are getting the absolute best bid and ask price spread, but the downside is that for complete beginners there is little protection.

Finally, as per regulatory requirements, Vantage FX operates segregated accounts, meaning that your cash account is segregated from the accessible funds available to Vantage FX, simply meaning, they cannot use your funds to trade their own account. Also, there is insolvency compensation of up to 20,000 EUR in accordance with CySec regulations.

Customer Support & Satisfaction

Customer support is available on a 24/5 basis offering six regional phone numbers in Australia, UK, China, Canada and an international line. They also have online chat and email support, much more you cannot ask for. You can also see from their 5,000 twitter followers, there are few complaints about the service.

Review Summary Vantage FX

Vantage FX is a highly rated and reputable CFD Forex broker who really cares about offering their clients the best market conditions to trade in. A great set of trading platforms including MT4, MT5, WebTrade, and Zulu trade combined with a choice of STP and ECN routing, mean Vantage FX is one of the best companies operating today. A good reputation is important in this industry and they have it, a respectable Australian regulated company offering a great platform and a suite of signals, alerts and market updates to help their clients be profitable.

Risk Warning: 70%+ of retail investor accounts lose money when trading CFDs with leverage.

Trade.com

Great for trading Stocks & ETFs globally with beneficial ownership and straight-through processing (STP), plus a large selection of CFD’s on Stocks, Forex, Bonds, and Commodities.

Based in the U.K. Trade.com services U.K. clients.

Trade.com & parent company Tradecapital Markets have been around since 2020 and are based in the UK & Cyprus in Europe. Trade.com are focused on enabling their clients access to a broad selection of tradeable market assets while using the best platforms around, Webtrader, MT4 & MT5 for pure stock trading.

Straight Through Processing (STP) on the live stocks account also means direct market access, lightning-quick execution and no conflict of interest.

Trade.com Review Summary Pro’s Con’s
Trustpilot Score: ★★★★ ★ Retail & Pro CFD Accounts min balance $100 ✘ No ZuluTrade or MyFXBook
FPA Rating: ★★★ ★ Live Stocks Account — STP Direct Stock Ownership
★ MT4, MT5 & Webtrader
Open An Account ★ 2000+ Stocks & ETFs
★ Bonds, Forex, Commodities

Risk Warning: 71.36% of retail investor accounts lose money when trading CFDs with this provider.

Broker Ratings & Reputation

Trade.com score 4 stars on Trustpilot and 3 stars on the FPA website. It is always worth performing your own research on the background of any broker you choose.

What we can say is that of the 700 followers they have on twitter, there are no negative tweets in the last 3 months.

Types Of Accounts Available At Trade.com

CFD Accounts Micro Silver GOLD PLATINUM Exclusive
Minimum Account Size $100 $1,000 $10000 $50,000 $100,000
Daily Analysis Morning Review Morning Review Morning Review Morning Review Morning Review
Desktop & Mobile Trader
Education Videos
24 Hour Customer Service
Webinars & Seminars
Dedicated Account Manager
Premium Daily Analysis
Signals & Strategies Trading Central Trading Central Trading Central
Premium Customer Support
Table 1: Service & Leverage Per Account — Trade.com

As you can see, there are 4 accounts starting at Basic with only a 100 $/Eur minimum. But if you deposit $2,500 you can open a classic account. This is worthwhile because you will be assigned a dedicated account manager, this is recommended because starting out trading contracts for difference and utilizing margin can be complex. It is people not understanding these complexities that often leave negative comments on ratings sites about CFD brokers. With a dedicated account manager you will get free one to one time with that person who can provide guidance on how the accounts, margin, and CFD’s work, most importantly they can advise on good account management of your portfolio, so you do not fall into any traps.

The gold and platinum account will enable you to get complimentary access to Trading Central a 3rd party trading strategies, signals and research company. Finally, with the platinum account, you will receive premium service levels and responses for support.

Trade.com Live Stocks Account

I reserve a section in this review to discuss the Live Stocks Account. Recently introduced, the Live Stocks Account gives the client access to market liquidity, with key differences to a CFD account:

  1. You will be a beneficial owner of the stocks and ETF’s you trade in this account
  2. This account allows you to access & trade thousands of U.S., German, French & UK Stocks
  3. You are able to purchase & own U.S. exchange-traded funds (ETF’s)
  4. Using MT5 you will have direct market access (DMA) via Straight Through Processing (STP)

The Live stocks account is a Straight Through Processing (STP) account which enables direct market access, meaning you can buy or sell securities on all major global stock exchanges. This means the broker is not taking the opposite side of your trade therefore not trading against you. Because it is an STP account you will pay a tight spread to fund the transaction with the liquidity providers. It has an excellent selection of stocks and ETFs with low commissions. The commissions range from 0.05 USD per share for volumes under 10,000 share per month, to 0.007 USD for more than 500,000 shares per month traded. There is a minimum cost per trade of $1.50.

With this account, you get MetaTrader 5 for free. The MetaTrader 5 platform is one of the most advanced and effective multi-assets trading platforms available.

Choose the account right for you. If you want to trade & own Stocks and ETF’s choose the Live Stocks account, if you prefer a broad selection of currencies, cryto’s and commodities choose one of the the CFD accounts

Forex Trading

Trade.com offers a huge selection of up to 62 foreign exchange (Forex or Fx) pairs for trading. All the common pairs such as EUR/USD and EUR/GBP are covered, plus more exotic pairs such as NZD/JPN (New Zealand/Japan). Leverage is available up to 300:1 for professional accounts and 20:1 for retail accounts.

Cryptocurrency, Share, Indices & ETF Trading

As mentioned previously, you can trade stocks via a CFD account (Webtrader or MT4) or a Live Stocks (MT5) account. In terms of ETF’s, there are over 30, covering France, Germany, U.K and the U.S.A. There are 26 different indices covered via CFD’s. Trading Crypto is hot right now, and Trade.com currently offer 4 Cryptocurrency pairs, Bitcoin, Dash, Ethereum & Litecoin.

Commodities

For those interested in commodities, there are 36 to choose from, which gives you the biggest selection of all the CFD brokers we have reviewed, so if your focus is on commodity futures then this is a good choice of broker. The usual commodities like Oil, Coffee, Corn, Wheat, Copper, Sugar, Orange Juice and all the metals are available.

Brokers Trading Platform

Trade.com aims to keep it simple and straight forward when it comes to choice of tools, you have the choice of WebTrader, MetaTrader 4 or MetaTrader 5. Of course, whichever desktop software you choose, you will still be able to trade from your tablet and smartphone. The MetaTrader 4 App has a 4-star rating on the Play store and in the Apple store 4.5-stars, which means you will get a great mobile trading experience. Ultimately you know you will be getting a solid and seamless experience however and wherever you choose to trade.

Trade.com WebTrader For MT4 & MT5

You can use the Web Trader platform which is easy to use yet very powerful, this will give most retail investors what they need with a minimal investment in training and no installation required. Simple “one click to trade” enables you to execute the trade quickly. You have all order types available, so there is no pairing back of functionality with the online tool. Naturally, you get streaming real-time quotes.

Powerful Signals & Research For Clients

Trade.com provides complimentary access to Trader Central a respected 3rd party service for gold and platinum account holders, for this you will need an opening balance of $10,000. Email and video trading signals and analysis through Trading Central are focussing on specific high probability setups.

Trade.com also provide daily market update videos filmed directly from their head office trading floor and are providing in English, German, Spanish and Italian languages.

Their various youtube channel host thousands of educational and market update videos and their own private channels for registered clients provide daily briefings. They also have live webinars and have a good selection of training videos and resources.

Company Background & Regulators

Trade.com was established in 2020 in Cyprus, Europe. The holding company is Tradecapital Markets Ltd a privately held company supervised and regulated by Cyprus CySec.

Account Funding & Investor Protection

Account Funding

Opening a demo account is free, but to start trading you will need a minimum balance of $100 for retail accounts. Minimum balances seem to be important to some people, but from my perspective, if you cannot afford $1,000, you probably should not be attempting to trade CFD’s.

Investor Protection

Trade.com do offer negative balance protection for all retail CFD accounts. Also, as per regulatory requirements, Trade.com operates segregated accounts, meaning that your cash account is segregated from the accessible funds available to Trade.com. Simply meaning, they cannot use your funds to trade their own account. Lastly, there is insolvency compensation of up to 20,000 EUR in accordance with regulations.

Customer Support & Satisfaction

Customer support is available on a 24/7 basis offering call-in numbers in Cyprus. If you want the best level of service and support I would recommend the Classic, Gold or Platinum accounts as you will have your own dedicated account manager to help you get up to speed and to provide training and guidance.

You can also see from their 700 twitter followers there are few complaints about the service.

Review Summary Trade.com

Trade.com is focused on providing a broad selection of assets to trade via CFD’s and real beneficial ownership accounts. A good set of trading platforms are provided for free including MT4, MT5, and their own Trade.com web application.

What I like the most is the Live Stocks account which opens up the world of U.S. stocks and ETF’s to their customers around the globe. Easy direct market access and straight-through processing to the large exchanges and liquidity pools means fast execution and low commissions plus you actually own the stocks.

Risk Warning: 71.36% of retail investor accounts lose money when trading CFDs with this provider.

Admiral Markets

Best For Stock & Fx Traders, ECN Access & A Huge Selection Of Forex, Crypto’s & 4,500 Shares & ETF’s

Admiral Markets has been around since 2001 which makes it one of the more established CFD Forex Brokers in the industry. Based in Estonia, Europe and servicing U.K. clients, Admiral Markets are focused on enabling their clients open and transparent access to the markets while using the best platforms around, MT4, MT5 and MetaTrader Supreme Edition.

We recommend the STP and ECN accounts which enable direct market access, lightning-quick execution and no conflict of interest.

Admiral Markets Review Summary Pro’s Con’s
Trustpilot Score ★★★★ (Excellent) ★ Retail & Pro Accounts + ECN & STP ✘ No ZuluTrade
FPA Rating ★★★★ ★ Choice of Spread or Commission
★ MT4, MT5 & MT Supreme Platforms
★ 32 Cryptocurrencies
Visit Admiral Markets ★ 45 Forex Pairs, ETFs, Stocks & Commodities

Risk Warning: Over 70% of retail investor accounts lose money when trading CFDs with leverage.

Broker Ratings & Reputation

Admiral Markets scores extremely well on the FPA rating website with 4 stars, which is the highest rating seen for any CFD Broker.

Also Trustpilot rates Admiral Markets with 4 Stars and an Excellent Rating. Admiral Markets has the highest reputation of any broker I have seen, and has many very happy customers.

Types Of Accounts Available At Admiral Markets

Platform MetaTrader 4 MetaTrader 4 MetaTrader 5 MetaTrader 6
Account Admiral.Markets Admiral.Prime Admiral.MT5 Admiral.Invest
Minimum Deposit (EUR, USD, GBP, CHF) 200 1000 200 1000
Currencies 36 45 36
Cryptocurrency CFDs 5 32
Spot Metal CFDs 4 3 5
Spot Energy CFDs 3 3
Index Futures CFDs 4 7
Cash Index CFDs 16 4
Stock CFDs 64 0 3000+ 4000+
Bonds CFDs 2
ETF’s 500+
Leverage (Forex Retail) 1:30 — 1:20 1:30 — 1:20 1:30 — 1:20
Leverage (Forex Pro) 1:500 — 1:10 1:500 — 1:11 1:500 — 1:12
Leverage (Indices Retail) 1:20 — 1:10 1:20 — 1:11 1:20 — 1:12
Spread, Pips From 0.5 From 0 From 0.5 From 0
Limit / Stop Levels, Pips 0 pips 0 pips 0 pips 0 pips
Commissions Single Share & ETF CFDs — from 0.01 USD per share Forex & Metals — from 1.8 to 3.0 USD per 1.0 lots Single Share & ETF CFDs — from 0.01 USD per share Stocks & ETFs — from 0.01 USD per share
Execution Type Market Execution Market Execution Market Execution Exchange Execution
Requotes
Negative Balance Protection
Table 1: Service & Leverage Per Account — Admiral Markets (Big Benefits In Green)

I have highlighted the standout benefits in green in the table above. The reason Amiral Markets has very happy clients is due to the tight spread, market and exchange execution, negative balance protection and a massive selection of instruments.

As you can see Admiral Markets are competitive if not the best across the board. The only decision you will need to make is the type of account you want. The Admiral.Markets account is a Straight Through Processing (STP) account which enables direct market access to the big liquidity providers like hedge funds and investment banks, this is great for the trader because the broker is not taking the opposite side of your trade therefore not trading against you. Because it is an STP account you will pay a tight spread to fund the transaction with the liquidity providers. It has a good selection all the instruments with spreads from 0.5 pips but does not have ETF’s. The Admiral.Prime account has 45 currencies & 3 spot metal CFD’s at 0.0 pips spread.

The MetaTrader 5 platform has 2 accounts, the Admiral.MT5 account with a great selection of instruments, including a huge 32 cryptocurrencies, and a monster selection of over 3000 share CFD’s. These are all offered at 0.0 pips, but instead with a very small commission. Finally, the Admiral.Invest account is clearly targetted at investors in stocks and ETF’s with 4000+ Stock CFD’s on offer and a huge 500+ ETF CFD’s.

Choose the account right for you, based on if you want to trade Stocks and ETF’s, or you prefer a broad selection of currencies, cryto’s and commodities

Forex Trading

Admiral Markets offers a huge selection of up to 45 foreign exchange (Forex or Fx) pairs for trading. All the common pairs such as EUR/USD and EUR/GBP are covered, plus more exotic pairs such as NZD/JPN (New Zealand/Japan). Leverage is available up to 500:1 for professional accounts and 20:1 for retail accounts.

Cryptocurrency Trading

Trading Crypto is hot right now, and Admiral Markets currently offer 32 Cryptocurrency pairs in their Admiral.MT5 account, that is the best selection available from any broker. There are 22 Crypto’s versus Fiat Currency pairs or you can go for any of the 10 Cryptocurrency cross pairs, including Stellar & Zcash

Share, Indices & ETF Trading

The two MetaTrader 5 account specialize in Stocks & ETF’s offering over 4000 stocks from Europe, U.K and the United States.

In terms of ETFs, again Admiral Markets have a massive selection of over 500 covering Euronext (France, Netherlands), Germany, Switzerland, the U.K, and the U.S.A. For Indices, the major US, European and UK indices are covered.

Commodities

For those interested in commodities, there are 16 to choose from, which gives you enough to trade if your focus is on commodity futures. The usual commodities like Oil, Coffee, Corn, Wheat, Copper, Sugar, Orange Juice and all the metals are available.

Admiral Markets Trading Platform

Admiral Markets aims to keep it simple and straight forward when it comes to the choice of tools, you have the choice of Admiral Markets MetaTrader 4 or MetaTrader 5. Of course, whichever desktop software you choose, you will still be able to trade from your tablet and smartphone. The MetaTrader 4 App has a 4-star rating on the Play store and in the Apple store 4.5-stars, which means you will get a great mobile trading experience. Ultimately you know you will be getting a solid and seamless experience however and wherever you choose to trade.

Admiral Markets Web Trader For MT4 & MT5

You can use the Admiral Markets Web Trader platform which is easy to use yet very powerful, this will give most retail investors what they need with a minimal investment in training and no installation required. Simple “one click to trade” enables you to execute the trade quickly. You have all order types available, so there is no pairing back of functionality with the online tool. Naturally, you get streaming real-time quotes, but the best thing is that the orders are processed using Straight Through Processing (STP) which means the order goes straight to the top tier liquidity providers to optimize order (Bid/Spread) pricing and execution.

Admiral Markets WebTrader Platform Review

Admiral Markets — MetaTrader Supreme Video

Risk Warning: Over 70% of retail investor accounts lose money when trading CFDs with leverage.

Powerful Signals & Research For Clients

Admiral Markets provides email and video trading signals and analysis through Trading Central, focussing on specific high probability setups. Admiral Markets also pride themselves on enabling cutting edge education for their clients. Their various youtube channel host thousands of educational and market update videos and their own private channels for registered clients provide daily briefings. They also have live webinars nearly every day of the week and have a huge selection of training videos and resources. Supporting the customers to be successful is a primary concern for Admiral Markets.

Company Background & Regulators

Admiral Markets was established in 2001 in Estonia, Europe. They have offices in the UK, Estonia, Cyprus, and Australia. The holding company is Admiral Markets Group AS Estonia a privately held company supervised and regulated by the UK FSA, Estonia EFSA, Cyprus CySec and the Australia Securities and Investments Commission (ASIC). The research concludes there have been no violations of regulations in any of the jurisdictions.

Account Funding & Investor Protection

Account Funding

Opening a demo account is free, but to start trading you will need a minimum balance of $200 for retail accounts and $1,000 for a premium account. Minimum balances seem to be important to some people, but from my perspective, if you cannot afford $200, you probably should not be attempting to trade CFD’s.

Investor Protection

Admiral Markets do offer negative balance protection for all accounts except the direct connection ECN Admiral.Invest account which is great for traders. Admiral Markets are doing things the right way because they do not act as the Market Maker they are routing your trades through various liquidity providers or onto the Electronic Communications Network (ECN) which connects all the globals banks and major funds, his has benefits to the trader because you are getting the absolute best bid and ask price spread.

Customer Support & Satisfaction

Customer support is available on a 24/5 basis offering call-in numbers across the globe. Also, they have a remote support feature whereby support engineers will connect directly to your PC or Mac and fix any problems you have. Add this to the direct line to the dealing desk,and online chat and email support and you cannot ask for more. You can also see from their 20,000 twitter followers there are few complaints about the service.

Admiral Markets Summary

Admiral Markets is simply one of the best and most reputable CFD Forex brokers who really care about offering their clients the best market conditions to trade in. A great set of trading platforms including MT4, MT5 and their own MetaTrader Supreme edition combined with a choice of Market or Exchange execution, mean Admiral Markets is one of the best companies operating today. A good reputation is important in this industry and they have it, a respectable regulated company offering a great platform and a suite of signals, alerts and market updates to help their clients be profitable.

Risk Warning: Over 70% of retail investor accounts lose money when trading CFDs with leverage.

Forex.com UK

Best For Beginners & Experienced Traders, Direct Market Access Via ECN, MT4 & VPS Hosting, Great Trading Conditions & Backed Up By Gain Capital A NYSE & FTSE Listed Corporation.

Gain Capital PLC a FTSE 250 and NYSE listed company has been around since 1983, but the launch of their new brand Forex.com has brought to the table an excellent mix of Direct Market Access (ECN) & Instant Execution. Platforms include MetaTrader 4 & Virtual Private Server (VPS) hosting and in addition their own innovative advanced trader suite of tools. Add to this, clear and transparent pricing + tight spreads and low share trading commissions and you have an excellent UK based Forex & CFD broker.

Forex.com Review Summary Pro’s Con’s
Trustpilot Stars ★★★ ★ Instant Execution, STP & ECN ✘ No ETF’s or Bonds
FPA Rating ★★ ★ Good Platforms MT4 + VPS
★ Integrated Alerts, Signals, Strategies
Visit Forex.com UK ★ Large Established Broker

80% of retail investor accounts lose money when trading CFD accounts

Broker Ratings & Reputation

Forex.com UK is a relatively new offering from a well-established company so there is not a large body of reviews on trustpilot.com. Alternatively, on the ForexPeaceArmy (FPA) website the reviews are mixed with very happy customers and some not so happy. The overall FPA rating is 2 stars. Taking this into consideration we assume Forex.com is a reputable broker. My interactions with the company have always been first class.

Always do your own research before deciding.

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