Forex & CFD Trading Brokers – UK

Top UK Trading Brokers 2017

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$1001:3002 pips ( EUR/USD )ReviewVisit Broker
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etoro logo $2001:400from 1 pipReviewVisit Broker
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£1001:200from 0.7 ( EUR/USD )ReviewVisit Broker
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$1001:400from 0.9 pips ( EUR/USD )ReviewVisit Broker
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Welcome to Trading !

Compare and review the leading UK trading brokers
In we compare the top forex brokers, CFDs, spread betting, binary options and social trading platforms in UK, and we offer in-depth brokers reviews on the most popular trading platforms in United Kingdom. Read our online forex education guide: What’s Forex Trading  | Basic Forex Glossary  | Why to trade forex online ? Benefits |  What’s CFD Trading.

What is the Forex Market

The Foreign Exchange Market – or as they often call it, the Forex market – is where currencies are being traded. Not only it is the largest financial market, where hundreds of billions of dollars are getting exchanged every single day, it is actually a market that is still growing, and because of its fluidity and sheer size, it is considered to be the most efficient financial market in the world.

How does it actually work?

The most important thing about currency trading, is to understand the simple notion that lies behind the numbers. Every single exchange will involve buying a currency, and selling another at the same time. The value of one currency is a non-existent phenomenon, since its value will always be determined by comparing it to another currency. The currency quoted first, will be the ’base currency’, and the currency they will use as a second reference, will be the ’counter currency’. Together, they are a ’currency pair’. Traders learn to think about currency pairs as a single unit they can either buy, or sell. The most often traded currency pairs are EUR/USD, USD/JPY, GBP/USD, and USD/CHF.

How to trade Forex

When someone decides they want to get in on the action, the first and most important thing is to understand the basic terminology. We’ve already discussed what is the base, and counter currency is, but there are some other important elements.

  • The exchange rate will tell how much somebody have to spend in counter currency to get the base currency.
  • The long position means somebody wants to buy the base currency, and sell the counter currency
  • The short position means that somebody wants to buy counter currency, and sell base currency
  • The bid price is the price the broker is willing to buy base currency at, in exchange for the counter currency. It is the best price somebody’s willing to sell their counter currency
  • The ask price is the price the broker will sell the base currency at, in exchange for the counter currency. The ask price will be one’s best price at which they are willing to buy from the market.
  • The spread  is the difference that will be between the bid, and the ask price

The next important step, is to learn how to read the forex quote. The bid price will always be on the left, quoted first, and the ask price will always be on the right, as the second reference.

Deciding what currency to buy, and sell

This is the trickiest part. Unless somebody wants to rely on pure luck, this is where anybody who wants to make some money, will need to have insight. They don’t necessarily need a degree, but they will need to have some dedication, and resourcefulness, so they’ll be able to make some predictions, and educated guesses about the possible change in the economy. Knowing a thing or two about politics also won’t hurt. [/wptab]

Forex Trading in UK

London, and the United Kingdom have been a financial center of Europe for many centuries, so it shouldn’t come as a surprise to anyone that the United Kingdom offers great opportunities when it comes to Forex dealing. London is actually the largest currency trading center today, with nearly 37% of all trading, and an astonishing $1,5 trillion going through forex securities of London, compared to the 6% of Tokyo, and 18% of New-York. When it comes to foreign currency trading, the United Kingdom offers plenty of experienced dealers with great reputation, making the country one of the most well-equipped places in the whole world for foreign currency trading. Forex Regulations in the United Kingdom Foreign currency trading in the United Kingdom is regulated by FCA, the Financial Conduct Authority. They were given their statuory powers by the Financial Services and Markets Act, that was passed by the United Kingdom Parliament in 2000. This organization is an independent body, that not only regulates, but supervises the whole financial services industry in the United Kingdom. No country is free of scandals and fraud, but when it comes to security, the United Kingdom probably offers the best solutions for safe foreign currency trading to anyone. FCA requires the client for example, to separate their assets from the assets of the company, making the clients’s account almost 100% immune to some claims that creditors could make in the unfortunate event of a fraud, or bankruptcy. [/wptab]

John Walker
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Risk Warning: Online trading always holds an element of risk a it's not recommended for all investors or traders. Before deciding to trade you should evaluate your investment goals, your experience and risk propensity. You need to know there is a chance that you can lost some or all of your initial investment therefore you should avoid to invest money that you cannot afford to lose. In case of any doubts we recommend to seek advice from an independent financial advisor. ( check website ) Trade at your own risk.
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