Here is a handpicked list of the top forex brokers in the United Kingdom for 2020
Overview
For any trader that is to start out on the exciting journey of Forex trading, it is vital to find the best possible Forex broker that will allow you to take your trading career further, and provide you with the best possible trading conditions.
In this article, we explore the five best Forex brokers in the UK, all of which have excellent reputations, sound regulation, and highly competitive trading conditions.
1. AvaTrade
Founded in 2006, AvaTrade is one of the oldest online Forex brokers which has grown to be an industry leader, with four global offices located in Japan, Australia, Ireland and the British Virgin Islands.
AvaTrade is considered to be a highly reputable online broker, being regulated by recognized organisations in several regions around the world, including the Central Bank of Ireland, ASIC, the FSA and the FSB.
AvaTrade excels in terms of its platform offering, which consists of advanced though user-friendly technology that suit the needs of beginner and advanced traders alike.
The broker offers access to a wide range of assets, which include Forex, cryptocurrencies, indices, bonds, commodities and options trading.
2. HotForex
HotForex is an increasingly popular Forex broker which was first established in 2010, and today oversees a total of 200, 000 live accounts in an ever more competitive trading market.
The broker employs over 200 people around the world, and offers customer support in a remarkable 27 languages, making this a truly international Forex broker.
HotForex has largely differentiated itself by offering competitive trading conditions and advanced trading technology, with low spreads that start at 1 pip.
The broker uses a Straight-Through-Processor (STP) trading model which allows for no broker interference, and its access to liquidity providers accommodates a variety of trading styles, including automated traders and scalpers.
3. XM Group
The XM Group consists of a trio of online brokers, regulated respectively by CySEC, ASIC, and the FCA in the UK.
Due to its strong regulatory oversight, XM offers a maximum leverage of 1:30, although this is coupled with tight spreads that can go as low as 0 pips on the Zero Account.
Impressively, XM offers an extraordinary number of 16 trading platforms, which include the highly popular MT4 and MT5 platforms.
Using this variety of advanced trading technology, traders have access to more than 1000 instruments, including Forex, Stocks CFDs, Commodities CFDs, Equity Indices CFDs and Crypto CFDs.
4. FBS
FBS was first founded in 2009, and quickly grew its reputation as a reputable and competitive broker, enjoying a steadily increasing new membership rate of 7000 traders per day.
Currently, FBS is available in over 190 countries with over 13 million members, who have access to trade CFDs, stocks and a variety of other instruments with an impressively high leverage of 1:3000 (this leverage is for non-EU customers).
The majority of the broker’s accounts are offered on a commission-free basis, and the trading environment is based on a combined Straight Through Processing and Electronic Communications Network model.
As a result, FBS is able to provide some of the most competitive capital requirements in the industry today, complemented by comprehensive educational and analytical resources for a variety of trading styles.
5. Exness
Exness was founded in 2008, and has since gained nearly 60 000 active clients from around the globe.
A highly reputable broker, Exness enjoys regulation from the Financial Conduct Authority (FCA) in the UK as well as the Cypress Cyprus Securities and Exchange Commission (CySEC) for its EU clients.
Clients of Exness enjoy an advanced and streamlined online trading environment, facilitated by both the MT4 and MT5 platforms, coupled with low spreads and ECN availability, and excellent customer support in 13 languages.
