What is the best trading platform uk
The UK is the ideal place for a Forex trader and Forex brokers on the British Isles have always been known to possess some of the most desirable traits when it comes to trading. They provide traders with trading products and services which are always up to date, highly relevant and admired both home and abroad.
In fact, for many people who are well acquainted with Forex tradingthe financial market what is the best trading platform uk the UK boasts innovative regulatory guidelines which are almost tailor made for the professional Forex trader. UK laws are much more lenient when it comes to which broker you choose. There are no strict trade restrictions provided that there is no breach of laws preventing money laundering. Because of these regulatory and legal conditions UK Forex brokers have long been at the head of the queue when it comes to customer service, dedication to keeping transactions safe and, at the end of the day, helping traders make profit.
It is paramount for everyone participating in the Forex trading market that there are rules and laws which govern how the trading shall be done. In the UK there are three main agencies and institutions which ensure that traders what is the best trading platform uk be offered fair conditions and that their funds will never be subjected to scams and frauds.
The FCA is an agency which is independent from other administrative bodies and is tasked with overseeing the legality of all UK financial companies as well as individual investors who participate in Forex trading.
In an attempt to explain legal UK Forex trading, Forex Trading Platforms and the regulated UK trading market in more detail, we will list the answers to the ten most frequently asked questions on the topic. There are quite a few benefits when it comes to trading in a regulated Forex market.
Here are the main ones:. There are no disadvantages of partaking in an organized and regulated Forex market per se. When you find yourself in a situation like this, take a step back, rethink your strategy and start over when conditions for trading are better.
List of Forex Brokers accepting traders from UK: Rank Broker Offer Trade Now 1. What is the lowest possible initial trading capital that UK Forex brokers require? However, there are also brokers who would sometimes accept even lower sums of money depending on the what is the best trading platform uk of account you want to open with them. Institutional traders usually have to start with bigger initial investments. One of the more positive things about trading with a UK based Forex trader is the fact that they offer you the chance to start with high leverage, meaning that you can start with a very low initial trading capital.
What what is the best trading platform uk if a regulated FCA broker becomes insolvent? FCA guarantees compensation to traders thorough the Financial Services Compensation Scheme FSCS in a situation when brokers become insolvent and cannot continue operating and provide service to their customers.
How secure are my funds when trading with a UK based Forex broker? Because the FCA dictates that Forex brokers under its umbrella must follow the specified regulatory guidelines your funds are very secure with a UK Forex broker.
This ensures that payment to customers will be done in timely manner and this also gives the security to traders that the broker they trade with is solvent. What are the trading restrictions imposed on UK based Forex brokers?
This means that there are no restrictions on hedging and leverage. In addition, they offer a greater variety of trading, and spread betting and binary options are not considered to be against the law in the UK. And since spread betting is not taxed in the UK, it is an appealing alternative to Forex trading for many people.
What are the payment options that UK based Forex brokers offer to customers? As you might expect, UK Forex brokers work with all possible payment options. Please note that bank wire transfers are usually processed within 24 hours of your withdrawal request; however, the funds are credited into your bank account within business days. Can I be lured into a broker scam with a UK based broker?
It is highly unlikely, even impossible, to end up in a broker scam if you trade with broker firms under the umbrella of the FCA. How can I avoid getting involved in a broker scam? The FCA provides all trading enthusiasts with an online register of all regulated companies. All traders have to be wary of brokers who claim on their websites that they are regulated by the FCA and should always check the official FCA register themselves first.
Often times an illegitimate company would go to great lengths just to make a quick profit. How can I choose the best Forex broker for me? Traders should always check the FCA online register of regulated brokers and should continue from there. Usually there are small differences between Forex brokers as they all compete to get as many customers as what is the best trading platform uk.
In fact, many UK based Forex brokers have an option to start trading with what is the best trading platform uk virtual money account before you switch to what is the best trading platform uk real what is the best trading platform uk one.
In this way, people to whom the concept of Forex trading is new and unknown have a chance to learn the ins and outs of trading without losing any real money.
What is mobile Forex trading? Mobile trading is participating in the Forex market from your tablet or smartphone. Luckily, this is very easy as most Forex apps are free and work perfectly well on operating systems such as Android or iOS iPhone.
You can also invest some money and install some of the apps that you have to pay for as they have offer some extra features. Facebook Twitter Pinterest Google Plus.