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Compare UK’s Currency Trading Brokers 2024

Whether you wish to trade on EURUSD, GBPUSD, EURGBP, or other pairs or asset classes, signing up with a good online trading broker could mean the difference between a great or disappointing experience. The following table will help you compare some of the most popular online trading brokers in UK.

  • Regulated By FCA
  • Shares, Currencies, Indices, Commodities & More
  • 0% Commissions on Stocks
  • US, UK, EU & International Stocks
  • Social Trading/Copy Trading
  • Free Practice Account
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51% of retail cfd accounts lose money. Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.

*Other fees may apply.

  • Regulated by FCA(#509909)
  • Shares, Currencies, Indices, Commodities & More
  • US, UK, EU & International Stocks
  • Free Practice Account
BankVisaMastercardPayPalSkrill
Visit Site

81% of retail cfd accounts lose money. Variable spreads. Capital at risk.

*Other fees may apply.

  • Regulated By FCA
  • Shares, Currencies, Indices, Commodities & More
  • US, UK, EU & International Stocks
  • Free Practice Account
BankVisaMastercardPayPal
Visit Site

71% of retail cfd accounts lose money. Capial at risk.

*Other fees may apply.

Q & A

All our listed brokers are amongst the popular online brokers in the UK. The brokers have a solid reputation among new and seasoned investors for their competitive spreads, user-friendly trading platforms, rich client portfolios, and more. The brokers are licensed by top-tier regulators worldwide, such as FCA, CySEC, and ASIC. However, there is no certain criteria to find the best.

While there could be a couple of options in the ones listed above for beginners looking for a good online trading platforms in the UK, eToro is known for its beginner-friendliness with its easy-to-use online trading platform & the online events they organize to get UK traders started and keep them well informed. However, there is no certain criteria to find the best.

Open and fund an account with a UK broker. Find out more about the potential markets you’re interested in using the available tools and market research. Once done with asset selection, fill up your order details and initiate your position. Please make sure you understand the risks associated with the asset you would like to trade before opening an account.

A brokerage account is an investment account used to buy and sell securities such as bonds, stocks, shares, mutual funds, and ETFs. Full-service stockbrokers and low-cost discount brokers are different options for opening a brokerage account. It is not uncommon to hear the term “taxable account” used to describe brokerage accounts since you pay capital gains tax (CGT) on investment income. Notably, retirement accounts (like IRAs) have different tax and withdrawal requirements.

Top UK online trading brokers offer minimal costs, a large selection of supported markets, user-friendly features, and exceptional customer service. Most importantly, it has to be a regulated entity by the FCA. You can track your broker’s registration number or license number in the Financial Conduct Authority (FCA) register to check its regulation status. FCA lists all the companies approved for providing financial and trading services and their current regulatory status.

The Financial Conduct Authority (FCA) views Forex and Contracts for Difference (CFDs) as high-risk products due to their complexity and the potential for significant losses. The FCA has implemented regulations to protect consumers from these risks, including rules on leverage, margin, and negative balance protection. Additionally, the FCA requires firms offering these products to provide consumers with clear and accurate information about the risks involved. Despite these regulations, investors should still be aware that Forex and CFDs carry a high level of risk and may not be suitable for everyone.