Best forex brokers in uk can choose from an impressive pool of regulated forex brokers. The FCA oversees these firms, and this provides a level of protection that helps to keep retail traders safe. In addition, the regulator has a number of rules that must be adhered to by those offering forex trading through CFDs or CFD-like products. These include restrictions on the amount of leverage that they can offer, a requirement to provide negative balance protection and other requirements that are aimed at protecting traders.

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Aside from a reputable regulatory body, it’s also important to consider a broker’s platform offerings, trading range and educational content. Some forex brokers also have a variety of automated trading tools, which can help to increase the frequency and size of your trades.

When it comes to choosing the best forex brokers in uk, it’s essential to look for ones that offer competitive trading spreads and multi-market access. In addition, it’s good to check that the broker offers the currency pairs that you are interested in trading.

It’s also worth checking that the broker you’re considering has a decent line of customer support. Some brokers have dedicated phone lines, while others have email and live chat support. If a broker only has a contact form on their website, then it’s worth moving onto the next option. Also, it’s worth checking whether a forex broker’s ratings are genuine. It’s not uncommon for supposedly independent rankings to be topped by brokers who are willing to share commission with the ranking website.