Choosing a Forex Broker in the UK

For UK traders, one of the best brokers is eToro which is regulated by the FCA. This forex broker offers a remarkably wide investment selection, excellent educational content and a well-designed platform. Additionally, eToro provides support through a variety of means including email and live chat although it can take several days to receive a response.

The second thing you forex broker in uk is whether the forex broker in uk is regulated by the FCA. This is a good sign because the FCA has stringent requirements for its regulated brokers. These include ensuring that client funds are completely segregated from the company’s operating capital and that you will have near immediate access to your money in case of an emergency. They also require yearly audited reports and financial statements of capital holdings. In addition, a broker that is regulated by the FCA must offer negative balance protection and a compensation fund.

Best Spread Betting Platforms in the UK: Maximize Your Profits

You can verify a broker’s FCA regulation by going to the FCA website and searching for the broker’s name. You should always keep in mind that clone firms, which are not FCA regulated, operate under similar names and will be displayed as search results along with legit companies. This is a good reason why it’s important to only trade with a broker that has proper regulation.