Best forex broker UK
How to find the best Forex broker
When choosing a Forex broker to trade different asset classes, a lot of factors must be taken into account. When creating this rating, the following aspects were taken into account:
- Trading conditions/feesOften there are situations when one company charges a commission that is tens times higher than the competitor’s percentage for a similar transaction. Some brokers may have “hidden” fees, sometimes most of the funds are written off when withdrawing funds from the account or transferring the deposit. There are companies that charge a percentage if there is no activity on the site.
- Application on your phone. You do not always have access to a fixed program for trading. Those who often face such a problem should pay attention to whether the broker has developed a mobile trading platform.
- Coverage of the market. Users should be able to trade with the most attractive currency pairs and other asset classes.
- Availability. This parameter is important for traders who have recently started trading in Forex. Brokers who offer to start trading with minimum deposit will be suitable for them. The smallest amount is between $10 and $100.
- Trade platform. It is necessary that the platform is easy to use and can be customized to the preferences of a trader. Otherwise, trading will seem inconvenient even for a professional.
- Options to make a deposit and withdraw funds. It is worth giving preference to those Forex brokers who offer several ways to transfer money (with a bank card, electronic wallet, etc.). It is important to consider the amount of commission fees for transactions.
- Reputation. It is worth listening to what professional traders say about this or that platform. To do this, you can study reviews, read thematic forums and reviews. You should refuse to cooperate with brokers who have bad reputation.
- Regulation. If you want to be sure that the earned money can be withdrawn without problems, you should choose those Forex brokers that have the appropriate licenses. It is important to check the documents that the company puts on its pages on the regulator’s website. This will help to avoid legal problems.
- Company history. Before registering with a particular broker, you should find out when the broker was founded, what awards he received from the moment he started working. In addition, it is important to check the financial statements of the company. In this way, you can be sure of the safety of your funds.
- Support. If a user has problems related to transactions, work on the platform, he should be able to solve them in a short time. It will be possible to do this during the operation of the technical support service. If the broker is foreign, it is necessary to check whether the help is provided to foreign users and in what language it is provided.
- Education. Brokers lay out training materials on the site. They can be reviews of different asset classes for trading, articles, analysis of current events and their impact on the markets. Often educational materials are suitable for professional traders as well as for beginners.
- Opening of account and registration. Forex brokers have different requirements for creating a personal account and making money transactions. It is important to check whether it is necessary to pass the verification procedure.
- The ability to open a demo account. Some brokers provide the opportunity to use various tools and check the functionality of the program for free. A demo account helps to understand how convenient the interface is, how fast money transactions are made.
- Availability of bonuses. Many Forex brokers provide various types of bonuses when registering and depositing a certain amount to their account to attract funds to their platform. They cannot be withdrawn, but you can use them while trading.
- Leverage size. The amount of funds that a trader can borrow from a broker depends on how much money is in his account. Most companies that are regulated in Europe provide leverage of 1:30. For Australian brokers, this can be as high as 1:500. It is important to note that high leverage significantly increases trading risks.
1 – Forex4you : a broker with favorable trading conditions
Forex4you is a company that was founded in 2007 and during this time has become one of the leaders in the industry. The broker is constantly improving, and this is proved by multiple victories in contests. During 13 years almost 2 million accounts have been registered on the site.
Bids and promotions in Forex4you
Trading with a Forex4you broker is not only convenient, but also profitable.
Anyone who has created an account with the company and has no active credit bonus can take part in the program 50% Cashback. This will allow you to get half of the amount of spread or commission paid back. The program is not limited in time. It only takes a couple of minutes to activate. It takes a few minutes to activate:
- Sign in to your account
- Go to the “Add/Remove” page; Select the “Bonuses” tab and click on “Enable Rebate Bonus”.
The program is not available if the account is registered under an affiliate account. Cashback is issued only when the transaction did not result in a negative balance.
The broker has a convenient mobile application called Forex4you Trader Room, which is available for installation on Android and iOS smartphones. The application has a clear interface, translated into Russian, there is nothing superfluous. Therefore, it is suitable even for beginner traders.
The application is safe to use. The protection of user data is ensured by an advanced traffic encryption system. With it, information about money transactions cannot be trusted or shared with third parties.
Forex4you is also convenient because here you can choose the most convenient way to deposit and withdraw funds:
- Systems of electronic payments (QIWI, WebMoney, Skrill, Neteller, Yandex.Money);
- Bank cards (VISA, MasterCard).
A minimum commission is charged for making money transfers. In some cases, there is an opportunity for an interest-free refill (Neteller, Skrill). Withdrawals to electronic payment systems are made instantly, the transaction may take from two to six working days to withdraw to a bank card.
The system processes withdrawal requests around the clock.
The broker is also characterized by the high speed of the support service. The client can get complex help from the competent managers:
- Online. To do this, you need to ask a question in the chat, specifying the contact details (name, Email, account number). You will also be able to make a request in your personal dashboard.
- On the phone. Support is available in English (24 hours a day), Malay, Chinese, Thai, Vietnamese and Hindi. The call is paid.
2 – AVATRADE: a broker with 24-hour support in 15 languages
AVATRADE is a broker that entered the trading market in 2006. The company quickly gained popularity due to its large number of assets for trading (today there are more than 250 instruments). In 2019, AVATRADE was recognized as the best Forex broker in Portugal (by Rankia).
Offers and Stocks in AVATRADE
To attract new traders to his platform, the broker provides welcome bonuses after registering a personal account. In addition, in order to receive them, a user must pass the verification procedure and deposit the amount of the deposit to his account.
In order to withdraw the bonuses, it is necessary to perform trading operations in the amount not lower than the one set by the company within 6 months. Otherwise, the points will burn out.
Also AVATRADE to try the functionality of the program for free. To do this, you need to open a demo account.
Traders can install AvaTradeGo mobile application developed by a broker. It has a user-friendly interface and hundreds of instruments for trading (from currency pairs to crypt currencies). In case of unprofitable transactions, clients can get their money back thanks to AvaProtect. The function is paid, but with its help you will be able to minimize the risks.
In the application you can make transactions with leverage (1:30) and track trends in real time.
For making a money transaction, the broker offers to use:
- Bank card (VISA, MasterCard);
- Wire Transfer;
The time of the deposit depends on the selected option. When using a bank card, the transaction takes place instantly. If the deposit is made by electronic payment means (Skrill, Neteller), the procedure takes 24 hours. Verification of the transaction with Wire Transfer takes up to 10 working days.
To withdraw funds to a bank card you need to wait for 5 working days, withdrawal to an electronic wallet takes up to 24 hours.
The company provides 24-hour technical support in 15 languages. Users can address platform issues:
- Send email. To do this, you need to fill out a form on the site, indicating contact details, subject of the address, and describe the situation. Due to the large number of emails, the broker needs more time to reply.
- Call on the phone. To do this, the customer must find the number of the country he is resident in.
3 – RoboForex: broker with high speed of order execution
RoboForex is a company that appeared in 2009. It has obtained an international license for brokerage activities from IFSC Belize. It is suitable for traders who like to trade with leverage, here it reaches 1:2000.
Offers and promotions in RoboForex
RoboForex provides clients with a 30 USD bonus for registering a personal account. For this purpose it is required:
- Open account;
- Perform account verification procedure (address and mobile phone number must be confirmed);
Please funds by bank card (China UnionPay, Maestro, MasterCard, VISA, World) in the amount from 10 USD.
To trade on MT4 accounts, you can install a terminal from RoboForex on your phone. This web-platform is similar to a stationary program. Here:
- The funds are instantly transferred to the account (no need to go to your personal cabinet);
- May view market analytics from experts and reviews regularly received by the terminal;
- Easy to switch between accounts (takes no more than 2 seconds);
- You can create a new account in 5 minutes.
The mobile application is not intended for trading “advanced” asset classes, which include cryptov currencies and ETFs. To trade with these tools, you need to use the platform on your computer.
RoboForex clients can use electronic wallets and bank cards for withdrawing and depositing funds. The minimum deposit amount depends on the tariff chosen by the trader. The broker doesn’t have a commission for making money transactions.
The broker provides multi-language technical support in 11 languages, including Russian. Consultants work around the clock and without weekends. You can also ask a question in an online chat or by filling out a form on the site.
4 – Amarkets: a broker with many ways to deposit
Amarkets has been providing trading services since 2007. On the company’s website you can find a lot of educational materials, both for beginners and professionals.
Amarkets Offers and Promotions
A welcome bonus
Upon registration and transfer of the deposit to the account he receives 25% of the amount paid. Maximum bonus amount is $5000.
The MT4 platform is required for trading. It is possible to download a desktop version to a computer or mobile application to a phone (suitable for any operating system).
By installing the application, traders have access to all asset classes and the ability to quickly change accounts. The interface is simple, so the program is suitable for beginners.
Variants for depositing/withdrawing funds
Account replenishment is available using:
- Bank cards (VISA, MasterCard);
- Load and other payment systems.
The amount of commission depends on the bank whose card the trader uses.
Amarkets provides 24-hour technical support on weekdays. It is possible to contact a consultant in the messengers (WhatsApp, Telegram).
5 – Fresh Forex: a broker with instant execution of transactions
Fresh Forex is one of the oldest brokers offering services since 2004.
Offers and promotions in Fresh Forex
A welcome bonus
By replenishing the account, the trader receives bonuses, the amount of which reaches 200% of the deposit amount. For this purpose, after creating a personal account, you need to deposit at least $500.
In case the balance becomes negative, the bonus is automatically deducted.
Fresh Forex does not have its own application for trading. For trading you can install the MT4 or MT5 platform on your computer or phone.
You will be able to deposit funds into your account without any fee by taking advantage of :
- Bank cards (VISA, MasterCard);
There is free 24-hour support throughout Russia on weekdays. You can ask a question in an online chat or send an email.
6 – Swissquote: largest Swiss broker
Swissquote entered the market in 1996. There are competitive spreads and many trading instruments.
Sales and stocks in Swissquote
A welcome bonus
There’s no welcome bonus in Swiss Quote. But the broker allows to open a demo account and try out the functionality for free.
The Swissquote Trading application is available for trading. Analytics appears here regularly. It is possible to create a rating of your favorite instruments. There is no Russified version.
Variants for depositing/withdrawing funds
There are 2 ways to top up your account:
- Bank cards
No replenishment fee is charged.
You can contact the support centre on business days. Consultants provide services from 8 to 22 CET.
7 – FortFS: broker with possibility of opening Islamic account
FortFS appeared in 2010 and quickly took the leading position in the Asian and European markets.
Supply and Promotions in FortFS
A welcome bonus
After verification and depositing the account the client receives a welcome bonus, the maximum amount of which is 100 USD.
Fort FS has no mobile app of its own. For trading you can install the MT4, MT5 platform or CQG exchange terminal.
Funds are entered and withdrawn through electronic payment systems (WebMoney, Perfect Money, Skrill, QIWI, Neteller) and bank cards (VISA, MasterCard).
For communication you can send a request on the site or call by phone (working weekdays).
8 – WELTRADE: broker with a long history
WELTRADE appeared in 2006, and today it counts more than 100000 traders.
WELTRADE Offers and Promotions
When depositing from $200 or more, the user receives a bonus. Maximum amount of charges is $10000.
Trading is conducted through the MT4, MT5 platform. It can be installed on a smartphone or tablet.
For replenishment and withdrawal will be suitable:
- Bank cards
- Enternet wallets
To contact a VELTRAID consultant, you can order a callback or send a message.