UK Forex broker comparison

In the UK Forex broker comparison , the FCA’s stringent requirements give traders peace of mind knowing they are trading with a fully regulated broker. To confirm a broker’s regulatory status, simply visit the FCA Financial Services Register website and search their name. FCA-regulated brokers must display their regulatory information prominently on their websites. FCA-regulated brokers also process withdrawal requests instantly and submit yearly audited reports of their capital holdings. In addition to FCA regulation, traders should always check if a broker has clone firms operating in the country. You can easily spot clone brokers as their names will be very similar to a legitimate broker’s name and they are not licensed to operate in the UK.

UK Forex Brokers Comparison: Which Platform is Right for You

Spread betting is the dominant form of CFD trading in the UK and has gained popularity over the years because investors don’t pay taxes on profits made from trading. It is important for traders to understand the differences between a spread bet and an FX trade as these can have an impact on a trader’s returns.

When selecting a forex broker, it is important to consider how many different account types are offered. Most forex brokers provide a breakdown of their account offerings on their website, typically under sections like ‘instruments’ or’markets’. Pepperstone is an example of a forex broker that offers a simple way to select your account type as you continue the sign-up process. This is a great way to reduce the time it takes to open an account.