Trading forex is a high risk activity and you may end up losing more than your initial deposit. Make sure you understand the risks before you open an account. It is a type of investment that lets you trade on the price of one currency going up or down against another. Depending on the broker you choose, you also need to have a reserve amount in your account before you can make a trade. This is to cover any potential losses. This comparison shows UK based forex trading companies that let you trade on the following currency pairs:.
It is the difference between the buy and sell price of a currency pair, and tells you how much the currency needs to move in your favour before you break even. The second decimal point is used to measure a pip when you trade on a currency pair that includes the Japanese yen. To give yourself the best chance of making a profit, look for a forex trading platform that offers the smallest spread for the currency pair you want to trade on. Most forex trading companies let you trade through an online platform, but some offer a mobile app to let you trade on the move.
Yes, all UK based forex trading companies are regulated by the Financial Conduct Authority, which means they cannot mislead or scam you. Some charge for cash withdrawals or for not using your account for over a year. Check each company's terms before opening an account. Check the terms before you apply. Yes, but only if the company offers a mobile app. You still need to open an account online and add money before you can forex trade on an app.
We include UK based forex trading accounts from our panel. Here is more information about how our website works.
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Our website is completely free for you to use but we may receive a commission from some of the companies we feature. How our site works. Our registered address is: We are classed as a credit broker for consumer credit, not a lender. Show me featured products first. Losses can exceed deposits. Tight fixed spreads and low margins. Losses may exceed deposits. To open a spread betting account you will need to open a fxTrade account first. Spreads start from 0. City Index Forex Trading Account. City Index has over 30 years' of industry experience and provides 24 hour access to variable spreads on major, minor and exotic currency pairs.
CFDs are a leveraged product and can result in the loss of your entire deposit. Open a trading account with up to 1: Losses can exceed initial investment.
Spread Co Spread Betting. Trade with a Great British Broker with 0. Core Spreads Forex Trading. Spreadex Financial Spread Betting Account. Formax Prime Capital is an Agency only broker. Authorised and Regulated by the Financial Conduct Authority. Losses can exceed deposit.
Authorized and Regulated by the Financial Conduct Authority. What is UK forex trading? How to trade in UK forex You need to open an account with a British forex broker, then add money to trade with. How to choose a UK forex trading platform This comparison shows UK based forex trading companies that let you trade on the following currency pairs: How does forex trading work? Here is how to start forex trading.
Is forex trading regulated in the UK? Do forex trading companies charge fees? Do I pay tax when forex trading? How much do I need to open a forex trading account? Can I forex trade through a mobile app? Who do we include in this comparison? How do we make money from our comparison? You do not pay any extra and the deal you get is not affected. Why check with us? We don't sell your data We don't sell your personal information, in fact you can use our site without giving it to us. We check out every company we list Our data experts check the companies we list are legit and we only add them to our comparisons when we're happy they've satisfied our screening.
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