Best broker forex 2021

Leverage is necessary so that traders with small capital can benefit from trading.

Actual forex bonuses

Best Forex Brokers 2021, best broker forex 2021.

This capital gives loans to a liquidity provider through a forex broker directly to a trader to expand trading volumes. The trader himself or herself is fully responsible for these funds and their return. Leverage is usually displayed in a ratio format, for example, 100:1, which means that one unit of trader’s money for one hundred borrowed units. This also means that trading volume will increase one hundred times. Using large leverage significantly increases the risk of trading. In turn, many regulators can limit the maximum allowable leverage that a broker can offer its clients.
ECN/STP combination allows traders to perform their deals faster.

Best forex brokers 2021

Forex is one of the most liquid financial markets that attract more investors year by year. By 2019, the total daily turnover is equivalent to $5 trillion, having grown from $1 trillion twenty years ago. This knowledge makes it one of the most liquid and attractive financial markets with 24/7 availability. For successful forex trading, a trader needs to choose a “service provider”, namely a brokerage company. This choice should be approached thoughtfully and thoroughly. The correctness of this choice in the future will depend on your financial success. During this year we have written many articles in which we paid attention to the specifics of the work of brokerage companies. We worked for this score for a long time and now we would like to bring it to your attention.

Cysec (cyprus)

ASIC (australia)

FCA (united kingdom)

Bafin (germany)

CNMV (spain)

ACPR (france)

AFM (netherlands)

Leverage up to 1:888

No commissions

No fees on deposits and withdrawals

Negative balance protection

Wide range of accounts

Inactivity fee

Doesn’t offer services to residents in the USA, canada, israel, and iran

Easy to start system

Very solid and welcome customer support service

Many deposit methods are available

High leverage

Offers zero spread account

Inactivity fee

Fees on some withdrawal methods

No bonus offers are available

High withdrawal fee for bank transfers

FCA (UK)

ASIC (australia)

FSB (south africa)

FINMA (switzerland)

DFSA (united arab emirates)

MAS (singapore)

JFSA (japan)

Stop-loss system

Well-designed platform

Over hundreds of markets to trade

Retail clients are not allowed to trade on interbank

Support & sales teams are willing to force you to fund an account immediately

There are various fees are present

FSCA (south africa)

FCA (UK)

ASIC (australia)

JFSA (japan)

BVIFSC (british virgin islands)

Over five certificates from the solid regulators

Multi-languages support (15), the user interface is available on 20+ languages

Social trading features

The US investors are not allowed

No NFA’s certificate

Various fees system

There are not enough trading features

Lack of deposit methods

NFA (US)

FCA (UK)

ASIC (australia)

FSA (japan)

IIROC (canada)

CIMA (cayman islands)

SFC (hong kong)

MAS (singapore)

The US-based regulation

8 regulators’ certificates

Very solid app and PC interfaces

Great variety of currency pairs

Lack of deposit methods

Little leverage

High fees

The limited list of products

High level of the minimum deposit

Low level of the leverage

Withdrawing from PAMM before the period comes will charge additional fees

FSA (denmark))

FCA (UK)

FINMA (switzerland)

ASIC (australia)

DFSA (united arab emirates)

MAS (singapore)

SFC (hong kong)

JFSA (japan)

8 regulators’ certificates

High level of the max leverage

Huge amount of currency pairs

Min. Deposit over $500

Specific trading platform

Inactivity fee, high forex and other fees

FCA (UK)

KNF (poland)

IFSC (belize)

CNMV (spain)

ACPR (france)

Bafin (germany)

High leverage

Relatively fast deposit and withdrawal

Good user interface

FCA (UK)

ASIC (australia)

IIROC (canada)

FMA (new zealand)

MAS (singapore)

High leverage

No minimum deposit requirements

Popular among traders broker

Huge amount of currency pairs (over 300)

20+ years online

Low level of min. Deposit

Exclusive features in charting

The most common option in choosing forex broker

Every brokerage company has some criteria and average features to be compared. Let’s take a look at the main of them:

Affordability. Each brokerage company sets its minimum deposit threshold value for funding. Typically, this amount starts at $100. Novice traders must make a balanced decision for themselves on how much they can afford to lose. At the same time, you should pay attention to whether the broker fits for you, or whether you should choose another one that is more suitable, but with a higher minimum level of the first deposit.

Deposits and withdrawing. This option is no less important than the previous one. You, as a trader, should easily manage your funds and, if necessary, withdraw them quickly and without high commissions. The broker’s money returning duty determines its decency and reliability.

Market coverage. You have to check the availability of trading needed currency pairs.

Trading terms and trading fees. This option is very important because the appetites of forex brokers can vary dozens of times. Before you get started, you should calm down and calculate how much you’ll give to the brokerage company from the moment you start trading until withdrawing your money in a way that is convenient for you.

Trading platforms. There are many of them. They’re a sword and shield of yours. Depends on features that you allow to customize and working speed you’ll be able to experience which one suits you the best. Personal presets are a huge part of your trading success.

Mobile app. A lot of people prefer fully-automated trading robots. Their performance can be checked without a PC. It’s an important option that allows you not to work on a PC and be mobile.

Customer support. It’s a very important option, especially for beginners, but it’s hard to check it without directly contacting the support.

Reputation. It’s an important part because trading is all about trust. If you see people angry at the company, so, you can entrust your funds and feel that your money is in safety.

Regulation. Before getting started, you have to check how the brokerage company works with your country’s laws. A lot of them have got some restrictions. If you skip this step, you’ll probably be able to fund the account, but you’ll have a huge problem with withdrawing.

The base of knowledge. The solid brokerage company provides a lot of courses, as well as, literature and material to let you get a smoother start in forex trading.

User interface. Everything should be simple and predictable in order to help you to make quicker decisions and be a better trader.

Picking the best forex brokerage company: completed guide

Let’s describe more detailed some of the most important brokerage company’s features.

Market regulators

Here we go “regulation”. In our opinion, this is the most important and fundamental option in the broker’s work, directly related to how much investors will trust it with their money. Regulators are interested in the stability of the forex market and the transparency of financial transactions. Due to the huge volume of assets (more than $5 trillion), there is always a risk that drug dealers, arms dealers, corrupt officials, and other dishonest people and organizations want to use forex as a laundry machine for their capital.

We would like to note that there are several regulatory organizations. As a rule, the more solid and successful the broker, the longer it operates on the market and the more capital traders manage through it, the more organizations assign it an appropriate level of security and transparency.

The list of the most influential regulators look like:

NFA (the national futures association) in the united states;

ASIC (australian securities and investments commission) in australia;

Cysec (cyprus securities and exchange commission) in europe;

FCA (financial conduct authority) in the united kingdom.

There are other regulators, such as those based on offshore islands. We believe that companies that have received certificates in offshore jurisdictions cannot be as reliable as brokers who received them from our listed regulatory authorities.

Types of the provided accounts

There are few types of account brokers can offer.

The first type is a live account. You fund it and trade for real money. Everything you do on the account becomes your gain or loss.

The second type is a demo account.

Most demo accounts are designed to let new traders try the service, see how a brokerage company works and can test the application of various strategies before investing in real money in trading.

Platform for trading

Choosing a trading platform you’re most comfortable working with is no less important than choosing a broker. The main thing for the trader is not only that the platform lets you easily manage every day’s duties, but also the broker supports the work with this platform.

Ctrader and metatrader are the most popular across the traders’ platforms. Metatrader provides two versions of it: metatrader 4 and metatrader 5. These platforms are quite complicated for beginners. Ctrader is a wise simpler one and fits for every skill of traders from professional ones to brand new investors.

You should also pay attention to how convenient and fast the android or IOS based applications. It can be either a proprietary application from a broker or a metatrader one.

Forex broker types

There exist several types of brokers: market maker brokerage companies and direct market access ones. DMA brokers separated into two types ECN and ECN/STP.

Electronic communication network (ECN) brokers allow you to trade only between other traders. So if no liquidity is on the market, your trades will get slippage, and you get a requote. ECN system removes the base of the potential conflict of interests between a trader and brokerage company.

Using ECN allows you to trade throw large financial institutions or global banks. The traders got access to the interbank market directly to see a clear picture of what’s happening in markets.

ECN/STP. Straight through processing is the technology used by ECN brokers for placing trades on the market. FIX (financial information exchange) protocol uses to place orders to the counterparty.

The FIX protocol is needed to decrease the needed time for performing trades, reduces slippage and make sure that traders get the best possible price. Some of these brokers can prevent requoting and reduce slippage.

Depending on trades and trader account the system decides what performing method is the best for the customer.

STP is applied when there’s enough liquidity to a particular trade. If there’s a lack of it, ECN takes liquidity from the inner network.

ECN/STP combination allows traders to perform their deals faster.

Market makers (dealing desks). It’s a type of brokerage companies where the company becomes a market maker the brokerage company always provides needed liquidity but, as well as, always trade against its customers that can be a reason for a conflict of interests.

Conditions for trading

Leverage is necessary so that traders with small capital can benefit from trading. This capital gives loans to a liquidity provider through a forex broker directly to a trader to expand trading volumes. The trader himself or herself is fully responsible for these funds and their return. Leverage is usually displayed in a ratio format, for example, 100:1, which means that one unit of trader’s money for one hundred borrowed units. This also means that trading volume will increase one hundred times. Using large leverage significantly increases the risk of trading. In turn, many regulators can limit the maximum allowable leverage that a broker can offer its clients.

Spreads are measured in pips and show the difference between buying and selling one currency to another in a currency pair. This is a kind of brokerage commission for access to the market. You can also get a lot of very important information from the spreads.

For example, the closer the buy and sell prices are, the more profitable it’s for a trader to work with this broker for these currency pairs. That’s why, often, traders choose different brokers for different currency pairs.

Trading assets

The better than the average broker has got over 40-50 forex pairs to trade.

The hedging option is designed to have insurance in case of adverse market conditions. One of the most common strategies is direct hedging. Brokers themselves do not always support this option for their clients.

Scalping strategy

The scalping strategy allows the trader to profit from quick, usually associated with news, price changes. This strategy is designed to make a profit in a short period of time until the market calms down. Traders applying this strategy usually trade during the day and close all their deals in the evening.

Frequently asked questions

What should I do the first looking for the forex brokerage company?

First of all, you have to take a look at the amount and availability of demo accounts. The new investor has to know what’s going on in the market, how to customize metatrader or one of the other platforms. It takes some time before you get ready to fund the first real account of yours. Usually, demo accounts expire quickly, so you’ll be able to renew it (them) to practice more. During this period you have to read some books about trading strategy and you should pick one that fits you the best. As well as, books there are infinity video courses and various webinars from educational to “the next week trading goals” ones.

How do I know the brokerage company is good for me?

So… it’s the complicated question to answer to. First of all, if you’re a beginner, check the availability of demo accounts. The second one is the fees. It’s very important to know exactly from the start how much money you’ll have to pay from each, as an example, $1000 profit from the moment of having this amount of money on the account for withdrawing it by the payment system that fits you the best. The third one, check the broker’s certificate. You’d better start working with the forex broker that has got a certificate provided by the regulator from your area, where your country from in order to not mess up with financial regulators, as well as, the texas department.

These three are must follow criteria.

How often a brokerage company trades against me?

It’s the wrong question. The broker will be trading against you only if you’re willing it choosing a brokerage company with market maker type. If you’re not okay with that, ask the broker’s support to know what kind of the brokerage company they really are.

Where is a broker’s profit?

How we told before market makers get money trading against you. If we talk about all trading companies in general, all brokerage company makes money from the difference between buying and selling prices, as well as, for charging fees and commissions.

May I deposit my account by bitcoin?

Brokerage companies are interested in providing various payment methods for their customers. Usually, bitcoins are acceptable, but other cryptocurrencies are not. Don’t forget most of the brokerage companies allow withdraw only by the payment method you fund the account for avoiding money laundering.

Top 5 FCA regulated forex trader brokers in 2021

The financial conduct authority (FCA) is a regulated body that governs the financial markets and firms in the UK. This was earlier known as the financial services authority (FSA).

Its main function is to regulate the firms bestowing financial services. It is a non-governmental agency that provides licenses for brokerage firms in the UK. An FCA regulated firm is important to select. An FCA regulated forex broker can help clients succeed in forex trading.

These brokers provide demo accounts for users to trade. This gives a better understanding of the working of a financial service firm. They allow users to use virtual money for such accounts. So, after knowing about the firm, one can invest their own money into trading.

Pepperstone

Pepperstone is a subsidiary group owned by pepperstone group limited. This is an australian company that was founded in the year 2010. Within a short span, pepperstone has grown into a leading forex trading broker. It came into the UK during the year 2016. Since then, it is offering financial services with local access for the clients. The other places where pepperstone takes stand-in services include melbourne, london, dallas, and bangkok.

The best part about choosing pepperstone is that it is a multiplied and regulated broker service. Pepperstone group limited is a well-established company that offers a varied range of trading platforms. They also have a demo account that is available for trial. After 30 days of use, you can start trading. It is an organization with strong global expansion in australia, african regions, MENA, asia, and european competitive trading conditions. This is an exclusive service for forex trading and CFD. The customer service is available during the working hours in every country.

Plus 500

Plus 500 is in the forex trader brokerage service for over a decade. They have strived all these years to provide the best services from around the world. This is a financial service firm that is popular in the UK, cyprus, and australia. There are over three hundred thousand customers from around the world because of their streamlined trading services. They are well-known for speed, security, and usability. It is also a user-friendly platform that provides access across multiple devices or operating systems. Their chart indicators are strong. The organization aims to offer stop-loss orders throughout. Apart from being excellent forex trader brokers, they also have over 2000 products for CFD.

A major drawback with plus 500 is that there is no customer support through the phone. Along with that, they also lack in giving trader education to the clients. However, their regulation is extremely strong as it is from different countries.

FXCM is a company that was started in the year 1999, and it is based in the UK. They have branches in countries like australia, south africa, and france. Their expertise is in forex trading, CFD, cryptocurrency, and treasury bonds. The various choices in trading platforms keep them popular. Moreover, they offer free trading tools to clients, making way for a flexible environment. This makes FXCM reliable and affordable. They also have a low minimum deposit amount that keeps trading safe for the clients. This is a regulated forex trader broker firm too. However, they do not accept clients from the US as the license to US regulatory is lost. Their product portfolio is not up to the mark too. One good advantage of FXCM is that they have understandable and educational content.

Octafx

Octafx is the subsidiary of octa markets. This was founded in the year 2011. It is an award-winning financial service firm. They have a wide-ranging trade account for both beginner and advanced level traders. It has also grown drastically in a short period. Today they operate trade with over 2 million clients from around the world. Their expertise is offering opportunities to retail traders in more than 100 countries. This deals with currencies, cryptocurrencies, stocks, precious metals, commodities, etc.

The limited withdrawal option makes it difficult for the clients. However, it provides bonus promotions and access to copy trading, which is an advantage. Clients can make use of the various research tools that are available too. The main focus is given for forex trading while commodity markets are limited. The leverage provided for forex trading is 1:500, which is a plus point. Trading options are available on desktop, mobile, MT4, MT5, web, and ctrader. Clients don’t face any issues regarding payments as it processes very quickly. Moreover, they provide customer services in several languages 24/7. Octafx is also popular among people for its social and charitable works.

Exness

Exness is a group that provides commission-free trading since 2008. It is also licensed by the FCA and many other financial authorities from around the world. There are over 100,000 active traders under this group. They offer 24/7 customer support in two languages. This is english and chinese. The forex trading pairs from the exness group are highly commendable. Clients can use the demo accounts for trading beforehand. They also provide islamic swap-free accounts. The trading accounts can be in raw spread, pro, and zero. The leverage for MT4 is 1:2000, and unlimited leverage is provided for MT5. All standard accounts are available without any commissions. This is a reliable and good option for forex traders.

The drawback in exness is that they do not have an offshore regulation. Also, not all stocks from the US will be available. There are plenty of advantages that keep the fifty million trading accounts active. They deal with trades in forex, CFD, indices, stocks, metals, energies, and cryptocurrency.

Conclusion

FCA helps maintain the integrity in forex trading. It basically provides safety to the traders. And FCA regulated forex brokers can easily be trusted, unlike other forex brokers. If you are new to forex trading, it is the safest way to get started through FCA regulated brokers.

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Best Forex Brokers For Trading Currency in 2021

As a forex trader, finding the right broker is the most important aspect of your trading journey. Your broker can make your trading life much easier if you do it right. You can never truly predict the financial market completely, but a broker can help you gain the knowledge and expertise for a successful trading experience. When choosing a broker, you need one that genuinely cares about you and doesn’t just see you as their client or customer. It’s also recommendable to choose a regulated broker, just to be sure. In this article, we’ll be talking about tips for finding the best forex broker in 2021.

1. Your broker should be regulated

There’s a reason why choosing a regulated broker is important – it ensures security and reliability on your end. If you end up going for an unregulated broker, they can easily break the laws and take advantage of you. Unregulated brokers don’t comply with any rules whatsoever and they’ll behave in any manner they please. This is dangerous as if a serious issue arises with your broker, you can’t bring up the legality with an unregulated broker since they aren’t under any laws in the first place. If your money turns up missing or if any financial complications happen against your broker, you can’t sue them since they’re unregulated. While they’re not illegal, choosing unregulated brokers isn’t exactly a wise choice. To ensure both your safety and security, it’s best to go with a regulated broker instead. Before choosing a specific broker, make sure to do your research on whether they’re regulated or not.

Top regulated forex trading brokers for 2021

info	bonus	open account
min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec	50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win.	Visit broker
min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC	$100 no-deposit bonus, 100% deposit bonus	visit broker
min deposit: $5 spread: from 0 pips leverage: 888:1 “*this leverage does not apply to all the entities of XM group.” regulation: ASIC, cysec, IFSC belize	“50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program”	visit broker
min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN	35% of the account deposit	visit broker
min deposit: $100 spread: starting 0 pips leverage: up to 400:1 regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA	visit broker
min deposit: $300 spread: floating, from 0 pips leverage: 500:1 regulation: FCA UK reference number 579202	visit broker
min deposit: $200 spread: starting 0 pips leverage: 500:1 regulation: ASIC australia, FCA UK	visit broker
min deposit: no minimum deposit spread: 1.2 pips leverage: 50:1 regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC	visit broker
min deposit: $10 spread: leverage: regulation: cysec	-	visit broker
min deposit: $200 spread: from 3 pips leverage: 400:1 regulation: NFA, FCA, cysec	visit broker

2. Your broker should have no transaction fees

One of the significant aspects of choosing the best forex brokers 2021 is payment transactions. The last thing you should worry about is how you’re going to get payments to and from your bank, card, or whichever method you most prefer. Unfortunately, some brokers charge a certain percentage or fee with every deposit or withdrawal fee so it’s best to choose those that don’t charge you for these. The right forex broker should encourage you to do transactions without much complications and hassle on your end. The specific reason brokers hold your funds is to facilitate your entire trading experience so there’s no reason to make transactions more complicated than it is – or charge a high amount with every deposit or withdrawal you make. We’ve mentioned above that your broker is supposed to make your trading life easier, not harder, and the same concept applies to the deposit and withdrawal aspect. You should also note that some brokers charge for inactivity fee for your account, so also be wary of those brokers.

3. Your broker should have efficient customer service

Out of all aspects, customer service is the one aspect that determines if your broker genuinely cares about you and your success as a forex trader. Brokers aren’t perfect and they also make mistakes, which is why customer service plays an important role in choosing the right broker. Brokers with a fast response time and efficient customer service will make your life so much easier, especially when responding to your concerns, inquiries, and questions. The competence of forex brokers dealing with your concerns and complaints reflects how efficient they are as your broker. Even if it’s as simple as asking for help with transactions, your broker should make your life easier by responding to your question immediately and with accurate information. There are even brokers that would call you and personally welcome you as their broker, which is an admirable feature if you find a broker like that. It makes you feel welcomed and supported, despite the uncertainty as a forex trader.

4. Your broker should offer flexible leverage

While there can be certain advantages with fixed leverage, flexible leverage allows you to change it accordingly, whether you’re going for low-risk or high-risk trades. High leverages are great as it allows you to trade several trades at once in your account, but it comes with the risk of losing discipline. It’s easy to overtrade with high leverage because you’re assuming that you can enter all the trades you want with your high leverage. Low leverage, on the other hand, gives you the discipline to enter just a few trades, but you can only enter a certain number of trades. If you choose a broker with flexible leverage, you control the leverage you set for your trades and not your broker. If you want to switch from high leverage to low, you can do that accordingly. Along the way, you’ll learn that leverage is a double-edged sword, which makes it a disadvantage if you choose a broker with fixed leverage because you have no control over that.

5. Your broker should offer several instruments

Not all brokers offer the same range of instruments, and this is something you’d want to be particular about if you want to expand your trading experience. Certain brokers are restricted to currencies and cfds, while other brokers offer a wide array of instruments such as futures, cryptocurrencies, indices, and the like. A wide variety of instruments will give you the flexibility you need as a forex trader. As you go along in your journey, you’ll realize that currencies are the least volatile you can trade within the financial market, which makes them perfect for beginners. However, you may want to start trading other instruments and with the right broker, you can do this. If instruments are that important to you, it’s best to choose a broker that gives you that wide range and most importantly, charges low to no commission for each trade. You’d also want to check the spreads as choosing the best forex broker is one with low spreads.

6. Your broker should have smooth execution

A broker with smooth and efficient execution will ensure your success as a forex trader. Under the assumption that you have a stable internet connection and the market operates under normal conditions, the exact price you enter your trades is exactly where it should be – not a moment before or after. This is specifically crucial when you’re a scalper or someone who enter trades with a short-term goal in mind. Scalpers normally enter trades for just a minute or two and then exit their trades as quickly as they entered. When your broker has poor execution of trades, this may lead to losses instead of profits since your entry point is another defining factor in succeeding as a trader. One wrong entry point could lead to a loss instead of gain – and this is what you’ll learn as a forex trader. When you click buy or sell on a specific currency, the point you entered in should be your exact entry point.

7. Your broker should provide accurate materials

As mentioned earlier, the best forex broker should care about your success as a forex trader. Your broker should provide resources and education to help both your technical and fundamental analysis for a more accurate trade. In fact, it’s best if they provide news and current events for your fundamental analysis. These resources and education will help you gain more knowledge and strategies as a trader, which you can apply to your trades. Some brokers will even email you a weekly update on the movement of certain currencies you’re eyeing, whether it’s basic currencies or metals. Providing a wide array of materials is how you ensure your broker not only cares about you, but they want you to succeed. Some brokers will also hold live seminars and platform tutorials for a more effective coaching session on how to make it as a forex trader. A lot of people want to succeed as a trader, but few will have the right knowledge to make it through. Choosing the right broker will make sure that you have the necessary tools and materials to be equipped with the knowledge to succeed.

8. Your broker should have low spreads

For most traders, spreads are the defining factor in choosing a broker. When you choose a forex broker that provides low spreads, this simply means you’ll spend less with trades. Spreads are the determining factor between the given price and bid price so a high spread broker would mean that this will cost you higher with each trade. Low spreads also determine lower volatility so as a beginner, choosing a broker with low spreads is the best option for you so you won’t feel as overwhelming when entering the financial market. Lastly, low spreads set you up with the low-risk trades for a more successful forex trading experience.

In conclusion, I hope this article was able to help you gain insight into the best forex broker to choose in 2021. Being a forex trader isn’t easy, which is why choosing the right broker will make your life a whole lot easier. With the right resources, education, low spreads, and adjustable leverage, you can have a smooth trading experience that will lead you to more profits than losses. It’s a bonus if your broker genuinely cares about your journey as a forex trader. With these tips, hopefully, you’ll choose the best forex broker in 2021.

Top 6 best forex brokers with no deposit bonus for 2021

Top rated:

What better way to start trading than with a no deposit bonus forex broker? This should give you the perfect start to trading with some risk-free funds. To help you achieve that goal, we have put together a collection of the best regulated forex brokers in the market who offer a no deposit bonus to traders.

Beyond looking at more details of these top brokers, we will also provide more information on no deposit bonus availability, and how you can use these bonuses to your advantage when trading.

What is a no deposit bonus?

Very simply, a no deposit bonus is an amount of money which is given to you as a trader just for completing the broker registration process. This means that you do not have to deposit any of your own real funds to gain access to this no deposit bonus.

No deposit bonus: are they available in the EU?

Unfortunately, the answer to this question is no. The no deposit bonus offers are not available in the EU. This is due to the fact that the european market regulator, ESMA, has banned certain types of forex broker bonus offers under the mifid II regulations.

The result is that forex brokers’ no deposit bonus offers, and any kind of registration bonus offers are not allowed for traders who are in the EU.

Please note that the following bonuses are available only to people based outside the EU. Moreover, we do strongly suggest to not judge the broker based solely on the no deposit bonus, but on the suitability to your trading goals and preferences.

Top 6 best brokers with no deposit bonus

Here is a closer look at the top brokers we have selected who do offer a no deposit bonus.

Choose your best forex broker 2021 – forexbonus2021

If you are actively trying to find or choose the best forex brokers in the market, you must already know it’s not easy to find the best forex broker. Because ‘best’ in forex is defined by its own terms and not necessarily by the quality of service which almost every so-called “top forex brokers” willingly provide.

What makes the situation even worse is that a majority of novice forex traders don’t even know the consequences of trading with supposedly the “best forex broker”, who eventually turns out to be just a reverse market trader. Do you know what that means? It means many novice traders are running a race they can never win.

Now you want to know how to make a shortlist of best forex brokers. Dealing desk brokers act as another entity between your trades and the actual market. So, dealing desk brokers have full control over your positions.

Unlike other financial markets, forex does not have a central body to regulate rates and data. This makes forex a truly dynamic market which provides talented investors a nice opportunity to thrive. But, and this is a huge ‘BUT’, this very nature of the forex market is being heavily exploited by few greedy brokers to profit at the expense of unsuspecting innocent traders.

Just because a broker claims to be a non-dealing desk, does not necessarily mean the broker actually operates in a non-dealing desk environment. Do everything within your reach to verify that your list of best forex brokers includes only non-dealing desk brokers.

Do you need a simpler solution? Use ECN forex brokers. If you are still in the phase of choosing the best forex broker, then you probably are new to forex trading. Top forex brokers who offer genuine ECN forex accounts may demand relatively higher initial deposits for ECN accounts. So smaller forex accounts in ‘micro’ or even ‘standard’ sizes, usually will not be offered as ECN accounts, even if the broker is an ECN forex broker.

There are many sorts of forex brokers, sometimes it is a bit difficult to choose from. How to find the perfect one for you is the big question. Depending on the requirements, there may be different forex brokers suitable for different people. So let’s find out

MOST IMPORTANT FACTORS TO CHOOSE THE BEST BROKER

Broker regulation

Forex broker regulation provides trust to entire them. The reputable forex broker will be regulated with trustable organizations to provide good service and security.

Trading platform

It is very important to choose the best broker. If a forex broker offers modern trading platform then a trader can start trading easily and could make some profit. The trading platform like software, software update version obviously offers an update and new features? So a modern forex trading platform is important.

Customer service

Forex trader faces a lot of problems and can be confused for harder terms and conditions. So traders need good customer service.

Payment method

If you are looking to trade with the best forex broker, you must consider of payment method when you chose a broker. Among other things, you must give some thought on funding and withdrawal options they have to offer. Is possible to link to a local bank account directly, or other common payment methods has or not for funding purposes. You might want to browse through forex brokers who offer VISA, DEBIT, CREDIT and mastercard, skrill, netteler, paypal, etc.

Account types

It’s one of require option to choose a good forex broker. What things you need to trade? Of course a trading account and good platform. You have to look what accounts the broker is offering, trading opportunities with the account, trading fees, services, funding time, trade execution time etc.

OTHER CRITERIA TO CHOOSE THE BEST FOREX BROKERS

Most forex traders, trade only a handful of currency pairs. Over a certain period of time traders tend to stick to one or two pairs they are most comfortable with. Also, each trader will have unique comfort zones with regard to minimum deposit, leverage, minimum lot size and spread amount, etc.

Minimum deposit amount – this does not indicate anything about the broker. It’s totally a personal thing, but there is no point in trading with a forex account with less than $1000 as an initial deposit. If you have traded a similar account first up, you will know why.

Maximum leverage – when it comes to leverage, less is more. Because low leverage reduces the losses when you lose trades. Again, this has nothing to do when you decide upon the best forex broker for you to trade with.

Spread – real non-dealing desk and ECN forex brokers simply cannot operate with fixed spreads, because fixed spreads by nature are against the philosophy of non-dealing desk environment.

A number of pairs – number of instruments or currency-pairs supported, do not say anything about the integrity of the forex broker. Instead it’s just a reminder that you are choosing a forex broker with long term trading plans in mind. So make sure all top forex brokers in your shortlist support all the instruments you want or you may want to trade in the future.

Knowing how to distinguish the best forex brokers is one thing. But when you actually go about doing it, there are many difficulties faced by new traders. There is no such entity as a perfect forex broker. In other words, best forex brokers don’t exist. So, you’ll have to stick with the next best choice for a better brokers.

Last but not least, top forex brokers have the approval from financial regulators from major countries, in order to be able to operate in those countries.

All in all hunting for the best forex broker is no easy task. One thing you should avoid though is to open a dozen demo accounts with every top forex broker who made it into your shortlist. Because if you do, it will only complicate things even more.

The best 10 ECN forex brokers for traders – review & comparison

broker:	review:	regulation:	spreads:	min. Deposit:	account:
1. Blackbull markets	(5 / 5) ➜ read the review	FSPR, FSCL	starting 0.0 pips + negotiable commission per 1 lot	$200

Are you searching for a reliable ECN forex broker? – then you are right on this website. We show your the best 10 ECN providers for private traders. With more than 7 years in financial trading, we tested each one separately. Inform yourself in the next sections how the ECN forex broker is working and why it is so important to choose one. Should you invest your money there? – find out in this review.

What is an ECN forex broker? – how does it work?

ECN means “electronic communication network”. It is well-known in the trading industry and every successful trader knows this term. A forex broker can be a market maker or an ECN broker to provide currency trading. Traders want to buy and sell currencies and the broker is delivering the liquidity for it. But where does the liquidity come from? – see the picture below.

ECN forex broker liquidity system

The ECN forex broker gives you direct access to the currency market. Traders buy and sell into the network and get the best prices through different liquidity providers. The liquidity providers are competing versus each other to give you the best price and execution. For example, if you open a very large position the order can be executed by different liquidity providers.

Advantages of ECN trading:

No requotes: you will get an instant execution of your order on the best prices.

High liquidity (deep pool): ECN forex brokers offer very high liquidity by different providers.

Low costs: ECN trading ist most of the time very cheap with low trading fees.

No conflict of interest: the broker is not trading against you.

Raw spreads: the broker is offering the real and raw market spreads.

No slippage: ECN prevents slippage

ECN liquidity providers

Liquidity providers are most of the time big banks or even forex brokers by themself. If you ask your broker the support team can tell you the exact liquidity provider. Often you will see the logos on their webpage. ECN liqduity providers have the license to give liquidity in forex. So it is not possible for everyone to do it.

ECN forex liquidity provider

The network is also called the “interbank market”. This is the top-level foreign exchange market where the banks trade different currencies. The brokers are dealing directly with each other. On electronic brokering platforms over 1,000 banks are connected.

Popular liquidity providers:

Goldman sachs

J.P. Morgan

Deutsche bank

Saxo bank

Barclays

HSBC

Benefit from raw ECN spreads

ECN spreads are the best spreads for traders. Some brokers provide a 0.0 pip spread execution with high liquidity which you can see in the market-depth. Note that the spread is always depending on the market situation. Sometimes there can be less liquidity and the spread can be higher. Market news is a good example of it because a lot of traders are canceling their limit orders before the market news.

Raw and direct spreads

Starting from 0.0 pips

The spread is always depending on the market situation

In the picture below you will see some raw spreads:

Use the best technology – equinix servers

Some ECN forex brokers offering you access to the most important exchange servers in new york, london, and tokyo. The servers are called “equinix servers” and they are made for fast and big execution. Market makers, hedge funds, and institutional investors using the servers too. No matter which trading software you are using the execution will be very fast.

Example of equinix servers:

New york (NY4)

London (LD5)

Tokyo (TY3)

Advantages:

Deep pool liquidity (liquidity providers compete for the best price)

Depth of markets

Low latency

Georpahic advantage = fast execution

ECN means trading without conflict of interest – no dealing desk

ECN forex brokers are without a dealing desk. No dealing desk brokers do not manipulate charts or spreads because it is not possible. The orders go directly to the exchange servers. On the internet, you will often find some cases where users are saying the broker manipulate the chart, spreads, or execution. This can be possible but from our experience, it is very rare.

It is always depending on the broker when the execution is made. There are good and bad ECN providers. That is why we recommend our ECN forex broker list above. When you are trading with a market maker broker you are trading versus other traders on the broker’s platform or versus the broker. So this is not the best opportunity for you. To be 100% sure that the broker will not cheat you should choose an ECN broker.

Minimum deposit and account size for ECN traders

ECN trading is possible with a low minimum amount of money. As you saw in the table above the forex broker superforex is offering an ECN account with only $1 deposit. The minimum trading volume is 0.01 lot. This means the volume of 1,000 units of the base currency of the currency pair. For example, if you are trading 1 lot on the EUR/USD chart you trade the position size of 100,000€.

In addition, you can use a leverage of up to 500. The most ECN forex brokers are offering maximum leverage of 100 – 500 (1:100, 1:500). The currency market is moving very slow that is why most traders are trading large positions to make a profit.

0,01 = 1,000 units of the base currency

0,10 = 10,000 units of the base currency

1,00 = 100, units of the base currency

For depositing or withdrawing money you can use different payment which are provided by your broker. Often there are electronic methods and the classic bank transfer. You can capitalize your trading account instant and start trading.

Popular payment methods of ECN brokers

Trading high volume and profit from lower trading costs

The most ECN forex brokers in our list above are offering you different account types. If you deposit more money and trade higher volume in the market you can get better trading conditions and pay fewer fees. Also, you can negotiate with the broker if you are a high-frequency trader. The broker only earns money by the trading commission.

Trading commissions:

The broker will charge you a commission for each trade. Pay attention to the fees because it means that you pay a commission if you open and close the trade. When you open the trade you buy on the market and if you close the trade you sell. You made 2 trades by closing and opening the position.

Also, VIP accounts or professional accounts are offered. Just read through our full reviews to find out what’s the best account type for you.

Conclusion: ECN is the best way to trade forex

On this page, we showed you how the “electronic communications network (ECN)” is working and why you should use it. An ECN forex broker is the best way to trade currencies because you will get the best possible trading conditions from liquidity providers.

Also, there is no conflict of interest between the trader and the broker. The broker is only earning money by trading commissions. For high volume traders like scalpers or professional traders, it is important to get the best liquidity. With ECN trading there is a big pool of liquidity by different providers.

Start trading with 0.0 pip raw spreads and a low trading commission. We can truly recommend using a real ECN forex broker. Read our full reviews of the presented companies and start trading transparently with a reliable provider.

Our recommended ECN forex brokers:

ECN trading is necessary for every successful trader. Invest by using the best trading conditions.

Forex brokers list 2021 – find the top forex brokers

Forex brokers list is the most vital record you will go through while choosing a suitable broker. Forex brokers play the role of the middleman between the liquidity provider & the traders. So, you should choose a trustworthy broker. The top forex brokers list enlists a bunch of reliable brokers. Choosing one from the list will be a wise choice for the transaction. Visit top 10 forex brokers to get the top brokerage list.

Why would you need to trade with best forex brokers?

We have done extensive research to prepare the list. We have gone through individual broker’s profile, trading strategies, forex trading platforms they offer, experience, trader’s satisfaction track record, etc. We have spent our time preparing the list to save your time on brokerage research. We have presented the profile and strategies of the top-notch brokers in a nutshell. Spare a couple of minutes & go through the forex brokers list. We hope you will find a reliable broker to trade from the list.

In the forex market, you exchange money with money. The forex market is even larger than the credit market. The currency values fluctuated throughout the day. As a result, one needs to trade wisely to make a profit. An expert hand will easily be a great help for the inexperienced one in this regard.

The trader needs to understand how the forex market works. A forex broker will guide you to trade in the market. Best forex broker is the best mentor for a novice in this market. You will find the best brokerages on the forex brokers list. All brokers provide sufficient learning materials to learn trading the forex. No way a trader should consider the reliability of the broker. It is always best to choose one from the top forex brokers list.

Forex brokers reviews 2021

100% bonus

Hassle-free access to foreign currency:

If you don’t take a brokerage’s help, you need to be present physically in a currency exchange house. Then you need to wait all day long to receive a good trade opportunity. It will cost you time. The forex market so volatile; you need to make decisions quickly to profit from the trade. A dormant fact about currency exchange is, they charge more than the brokers. So, it is wise to trade with a broker from the top forex brokers list.

Access to a demo account:

The brokerages on the forex broker list would offer to use a demo account on using their website. A demo account would allow you to experience & practice trade without investing real money. Brokers of the top forex brokers list would teach the best forex strategies through the demo account. Using this account, you learn how to trade forex in the market, where & when you should invest money to make maximum profit. If you lose, then it would be your learning to deal with real money. Isn’t it an outstanding opportunity for the beginner to learn forex through hand-on experience?

Saves your time:

Learning forex trade is a long-time procedure. The study says, most entrepreneurs participate in forex trading as a side business. So, learning and then implanting the trading strategies is too much time consuming for most traders. There are chances one may get stuck in the midway of the trade. That’s why to trade with the help of an experienced hand is wise than running the trade solo. And to make this choice, we have already prepared the forex broker list to save your time while choosing.

It is essential to keep the update of the changing currency rate. The forex brokers on the top forex brokers list keep this update of the market on your behalf and run the trade at a suitable time to make maximum profit.

Use of technology:

Brokerages you find on the forex broker list use versatile technology to run the trade. They use the technologies to keep pace with the changing market. They use intelligent tools to analyze the market & can identify risk on a transaction. The brokers on the top forex brokers list keep track of the previous and current records. They interpret these data to predict the future market. The best broker would give you precise analysis and would suggest your best trading strategies. So, hire a top-notch broker to maximize profit on minimizing loss.

Many forex brokers offer an opening bonus on signing up an account on their website. They usually offer these bonuses to encourage traders to trade with them. But there are imposters too! You need to be very conscious about whom you deal with. We suggest you to choose a broker from our forex broker list to get an authentic broker.

Checklist before choosing the forex broker

You will find thousands of forex provider’s names once you search on the web. The success in trading largely depends on the forex broker’s trading strategy. Choosing the right and loyal broker from the forex broker list will lead you to succeed in trading.

You will invest your hard-earned money in the forex market. So proper research before trading with a forex broker is a must. There are some features to check while choosing the broker. Consider the following factors before you hire the broker.

Checklist before Choosing the Forex Broker

Regulatory agency of the broker:

The regulatory agency is the best yardstick to differentiate the authenticate brokerage from a fraud one. The regulatory agency supervises the activities of the forex broker. They keep a close eye on the brokerages and ensure discipline in trade. An authentic broker would always receive a trading license from the concerned regulatory agency of its region. Here we present the name of regulatory bodies from around the world.

United states of america: national futures association (NFA), commodity futures trading commission (CFTC)

United kingdom: financial conduct authority (FCA), prudential regulation authority (PRA)

British virgin islands: BVI financial services commission (FSC of BVI)

Canada: investment information regulatory organization of canada (IIROC)

Australia: australian securities and investment commission (ASIC)

Germany: bundesanstalt für finanzdienstleistungsaufsicht (bafin)

France: autorité des marchés financiers (AMF)

Switzerland: swiss federal banking commission (SFBC)

South africa: financial services conduct authority (FSCA)

Mauritius: financial services commission of mauritius (FSC mauritius)

UAE (dubai): dubai financial services authority

Cyprus: cyprus securities and exchange commission (cysec)

Brokers form the top forex brokers list are under the supervision of the regulators. So, trading with them is always safe.

Privacy of the trader

You genuinely expect your data to be safe with the broker. When you open an account on a broker’s website from the forex broker list, you need to give information like credit card detail, bank account information, passport information & utility bill, etc. The broker you will choose must ensure your information privacy. Clarify if you have any doubts about their data preservation strategy before you trade with them.

Product range

In the forex market, you don’t only exchange currency. You can trade in precious metals(gold), commodities (oil), stock indices, cryptocurrency, bonds through the brokerage as well. The best broker will provide an extensive range of products to trade in the market. The broad range of products increases the ground to earn profit & advance in the market as well.

Trading platform

The trader would get access to the forex market through the trading platform. The brokers on the top forex brokers list offer multiple forex trading platforms (tool). Some brokers provide the proprietary platform; their unique features make them different from others. Before choosing the broker from the forex broker list, make sure your broker would offer you the platform with

User-friendly news feed

Varieties of charting tools

Educational & learning materials

Multiple trading ways (web trading, social and mobile trading, etc.)

Personalize trading screen

Trading cost

The transaction charge is the broker’s way of making money. The trader will pay the transaction cost, commission, or payment asked by the forex broker. Spread and commission are the two standard fee style. An honest broker will inform you about their charge before the trade. There should be no hidden charge.

The trader would like to go for a broker with a low charge. But it is not always possible to get the best forex broker at a low cost. You should then sacrifice your budget to get better service. Do your intensive research on how the broker’s charge before you trade with one from the forex broker list.

While choosing the broker from the forex broker list, you need to decide by keeping a balance among service, security, learning materials, tools & transaction cost. The broker on top forex brokers list offers fantastic deals and services to their clients. Trading with them will help you to earn maximum profit. You would learn different strategies too, which will help you to make your mark in the forex market in the long run.

Top 5 FCA regulated forex trader brokers in 2021

The financial conduct authority (FCA) is a regulated body that governs the financial markets and firms in the UK. This was earlier known as the financial services authority (FSA).

Pepperstone

Plus 500

Octafx

Exness

Conclusion

The 11 best UK CFD and forex brokers in 2021

Our best broker - pepperstone

In this article skip to section

Forex and CFD brokers are responsible for facilitating trades on the foreign exchange market, essentially by providing a platform through which traders can buy and sell a wide range of currency pairs.

Forex is the largest financial market in the world; as such there are many brokers operating in this field. Figuring out which one is right for you is a confusing but vital process, since your choice of broker can be influential to your success; choosing the wrong one could be financially devastating.

This article looks at the key points to consider when making your choice, before offering our list of the 11 best forex brokers in the UK.

We also recommend you view this list of FCA regulated UK forex brokers created by the team at compareforexbrokers.Com.

Key considerations when choosing a forex or CFD broker

A broker that suits one trader is not necessarily right for another, and it’s important to conduct thorough research to find the right one for you.

Considerations should be relevant to your personal circumstances, but here are a few key points that you’ll need to keep in mind:

Is it regulated?

The primary consideration when choosing a forex or CFD broker is safety.

You’re entrusting it with monetary funds and personal information, and will want a guarantee that both are protected.

You’ll also want confidence in your chosen broker’s reputation and credentials; essentially ensuring that it's not likely to go out of business, or worse, scam you out of profits.

The best forex and CFD brokers in the UK will be regulated by the financial conduct authority (FCA). This means it is obliged to operate to the highest standards with fairness and transparency.

Regulation information should be clearly visible on a broker’s website and its FCA registration number listed.

What is its trading costs?

The next thing to consider when choosing a forex or CFD broker is cost.

While some work on commission, most make money through spreads.

The spread is the difference between the buy and sell price on a currency pair and, depending on the type of trader you are, can have a significant impact on your profit margin.

Look at the average spreads each broker offers to find one that works best for you.

In addition to spread, you’ll also need to consider the minimum deposit required and any other fees the broker may apply, such as rollover costs (a charge to hold an open position overnight), interest rates and withdrawal charges.

Be sure to read the small print of each broker's service agreement to avoid unexpected costs. Also remember that the cheapest option is not always the best. Look for value for money rather than the lowest cost.

What trading platforms does it use?

The trading platforms offered by a forex or CFD broker are extremely important, since it’s through them that you’ll conduct all trading activity.

You’ll want a platform that’s intuitive, easy to navigate, suitable for your level of experience and that comes with a range of useful features to help inform the best trading decisions.

Many of the best forex or CFD brokers in the UK offer the popular metatrader 4 (MT4) platform as well as their own platforms, most of which you can try out before making any commitment with a free demo account.

Does it offer good customer service?

A broker doesn’t provide you with a one-off service. It supports you throughout your trading career, so it’s vital it provides good customer care.

A good broker should be easily contactable, handle problems efficiently and offer trustworthy trading guidance. Check out customer reviews of each potential broker on your list to see how they stack up.

When considering customer service, also keep in mind the level of support each broker offers through educational tools and resources. The best forex or CFD brokers want you to turn a good profit and will often provide video tutorials, articles and webinars, most of which are free to access for account holders.

Does it fit with your trading style?

The type of trader you are will have a significant influence on the best broker for you, so be sure to assess how well what it offers fits with your trading style.

If you’re a scalper, opening and closing trades to accumulate small profits several times a day, you’ll need a broker that offers tight spreads and does not insist on a minimum time frame between entering and exiting the market.

If your strategy is focused on the carry trade, where you intend to hold positions over time to profit from interest rate differentials, you’ll want to look at a broker’s rollover pricing and swap rates.

In addition to the above, you should also keep in mind things like:

Available leverage

The types of accounts on offer

The range of currency pairs available for trade

Ultimately, choosing a good forex or CFD broker comes down to thorough research. The following list of the best forex and CFD brokers in the UK should give you a good starting point.

11 best forex and CFD brokers in the UK

There are numerous brokers available and we would always recommend that you conduct your own thorough research and due diligence before making your own personal choice.

Although we have listed several brokers below, it should be noted that this is through online research, not personal experience.

At wikijob, we are not financial advisors and any information provided throughout this article is for educational purposes only.

1. Pepperstone

Recommended for: social copy trading

Founded in 2010, pepperstone has been quick to adapt to the social copy trading trend, providing plenty of tools for traders to share and mimic trading styles.

With over 60 currency pairs, it offers two account types:

Standard – the standard account comes with market average spreads and zero commission

Razor – this account operates on a commission basis but with exceptionally low spreads

Pepperstone does not have its own platform but offers the complete MT4, MT5 and ctrader solutions, as well as supporting zulutrade, myfxbook and metatrader signals for copy trading.

There is no minimum deposit required but pepperstone recommends a minimum of £500.

2. Etoro

Recommended for: beginners

Founded in 2007, etoro is considered a very low-risk broker as it is highly regulated by the financial conduct authority (FCA) in the UK and many other regulatory bodies elsewhere.

Opening an account is free and you can access a $100,000 demo account to test the system.

It offers 47 currency pairs for trading. Spreads for forex trading have recently been significantly reduced and range from a very competitive 1 to 3 pips for major currency pairs.

Typical spreads for EURUSD and USDJPY trades, for example, are just 1 pip.

You can see the full list of spreads on the etoro website.

You’ll need to deposit a minimum of $200 for copy trading, etoro's standout feature which allows you to follow other traders and copy their trades.

This forex broker is great for beginners due to its user-friendly interface and app and 24-hour customer support. It allows you to trade currencies, stocks and cryptocurrencies in one portfolio and the copy trading system is a great way to learn.

The company also offers trading courses and features a learning lab which houses a variety of tools to support clients with their trading experience.

3. Trading212

Minimum deposit: $1
regulations: FCA, FCS

Although its spreads are not as competitive as some others, trading212 does work on zero commission, so it is well worth considering your potential profit margins with this broker.

Its proprietary platform comes with a custom-built mobile app designed specifically for on-the-go trading. With a clean user interface and several analytical tools and features, it is a valuable solution for those wanting a mobile trading experience.

Be aware, though, that if you are a more experienced trader looking for advanced functionality, you may find the simplicity of trading212’s mobile app somewhat limiting.

Another benefit of trading212’s service is that you can easily switch between active and demo accounts, allowing you to test out new styles and strategies risk-free.

4. FXCM

Recommended for: high volume trading

Another well-established broker, FXCM has served forex traders since 1999.

It offers a comparatively low range of currency pairs, with just 39 available, and its spreads are a little above the market average. However, for those looking to trade often and at high volume, its active trader account provides very competitive pricing.

FXCM also offers multiple trading platforms, including MT4, ninjatrader, zulutrade and its proprietary platform, trading station.

Leverage is available up to 30:1 on many major pairs, and a minimum deposit of £300 is required for standard accounts. The active trader account requires a minimum deposit of £25,000.

5. City index

Recommended for: competitive spreads

A well-established and highly regarded UK forex broker, acquired by parent company GAIN capital in 2014.

It currently offers 84 currency pairs across major, minor and exotics, with spreads on many majors standing around 0.8 when trading through its proprietary platform. You’ll need to deposit a minimum of £100 to start trading.

City index provides several platforms, with its web trader and advantage apps aimed at beginner or casual traders, and MT4 and its own AT pro platform for more experienced users.

6. Plus500

Recommended for: experienced traders

First on our list of the best forex and CFD brokers in the UK is plus500, providing an easy-to-use and accessible service.

You’ll find over 60 CFD currency pairs with competitive spreads, no commission and available leverage of up to 30:1.

Although metatrader and ctrader are not available, plus500’s own platform is very user-friendly. It comes with a range of intuitive risk management features and is available on web and mobile.

Plus500 requires a minimum deposit of £100 if using a credit or debit card, and £500 if using bank transfer.

Plus500 UK ltd authorized & regulated by the FCA (#509909).

76.4% 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.

Availability subject to regulations

7. Think markets

Recommended for: range of markets

Think markets was founded in 2010 in new zealand. Now headquartered in australia, in a short space of time it has become a preeminent, multi-regulated broker providing access to a broad range of markets and CFD products.

Think markets provides access to a range of markets including shares, forex, commodities (energy and agricultural), metals, equities and etfs, indices, futures, and cryptocurrencies.

It has over 38 currency pairs, 9 indices, 10 cryptocurrencies and 1,200 shares to choose from.

It offers three trading platforms – its proprietary platform, think trader, as well as the popular meta trader 4 and the new meta trader 5.

Traders can set up a demo account and practice trading for free with $25,000 in virtual funds.

A standard account can be opened without putting down any cash, allowing traders to explore their live account before they trade.

With a standard account, you can trade with a maximum leverage of 30:1. If you qualify as a professional trader, you can trade with 500:1 leverage.

There is also a think zero account for forex trading, which offers tight spreads from as low as 0 pips. There is no broker mark-up, only a small commission involved.

Think markets has 24/5 customer support via web or phone.

8. Fxpro

Recommended for: trading with metatrader

Compared to others in our brokers list, fxpro is a relative newcomer, having launched in 2006.

With around 70 currency pairs on offer, and several accounts available with differing spreads and commission rates, it is perhaps not the best option for first-time traders.

However, if you have experience and an established trading style, fxpro is a good choice.

It is one of two brokers on our list to currently offer the full metatrader suite, with MT4 and metatrader 5 (MT5) available. It also offers ctrader and its own platform, fxpro edge.

Fxpro recommends a minimum deposit of £500, though you can start trading with just £100.

9. XTB

Recommended for: customer service

The last of our best brokers in the UK is XTB, founded in 2002 with an excellent reputation for customer service.

It has 48 currency pairs available to trade through two account types:

Standard – offering market average spreads

Pro – offering much tighter spreads but with added commission

XTB supports the full MT4 suite, and its proprietary platform, xstation 5, offers a user-friendly, intuitive solution that works well on desktop, web and mobile.

You’ll need a minimum deposit of £250 to start trading and you’ll find that several educational resources are available, including XTB’s trading academy.

10. CMC markets

Recommended for: range of currency pairs

Established in 1989, CMC markets was one of the first UK brokers to provide online forex trading.

It offers over 300 forex pairs, with spreads as low as 0.7 on majors, including EUR/USD and USD/JPY, and leverage up to 30:1 on many major pairings.

Its award-winning proprietary platform, next generation, is available on both web and mobile, offering an intuitive interface suitable for users of all experience levels. MT4 is also available.

There is no charge to open an account and no minimum deposit required to start trading, making CMC one of the most accessible of the best forex brokers in the UK.

11. IG

Recommended for: great all-round broker

Founded in 1974, IG is the longest-standing firm in our brokers list and a popular choice with retail and professional traders alike.

It offers highly competitive spreads on many majors, such as an average 0.7 on EUR/USD, and has over 90 currency pairs available for trade.

IG’s proprietary web-based platform is renowned for its speed, reliability, functionality and ease of use, whilst its mobile app offers a highly comparable experience. MT4 is also available.

You can start trading with IG with a minimum £250 deposit.

Final thoughts

All of the above firms are regulated by the FCA which, as mentioned, is a primary consideration when choosing a forex or CFD broker.

Of course, this list is not exhaustive and is not intended to inform any final decision made on your part. Instead, use it as a reference tool to guide your research and find a broker that best suits your trading style and personal circumstances.

Wikijob does not provide tax, investment, or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.

ESMA risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

So, let's see, what we have: the brand-new and the most extended list of forex brokerage company in 2019 is here! We’d like you to make a correct decision about choosing the brokerage company to work with. We’re always with you in the forex ocean. At best broker forex 2021