Best Forex Brokers in the UK

Top Forex Brokers in the UK

Forex brokers channelise forex trading. Thus, choosing them minutely is essential because they can make a difference between profits and losses. This article lists the best forex brokers in the UK. The most popular brokers in the market are T1Markets, 101investing, PrimeFin, Capixal, and ABinvesting.  

What is Forex Trading?

Forex trading means the exchange of one currency against another currency. The forex market runs globally. The major four centres are located in Sydney, New York, Tokyo and London. There is no centralised location for forex trading; you can trade 24 hours a day. 

In forex trading, people think that the profit is much higher than the loss, but they understand the risks involved in forex trading. In currency trading, people are losing money while trading, but patience is vital to get a great opportunity for trading.

What is a Forex Broker?

A forex broker is an intermediate between the two traders. In simple words, a mediator between buyers and sellers of currencies. 

Which are the Best Forex Brokers in the UK?

T1Markets

T1Markets is a brand name of General Capital Broker Ltd, and it is approved and sanctioned by the Cyprus Securities and Exchange Commission (CYSEC). The broker offers leverage up to 1:500 to professional clients and 1:300 to retail clients. The brokerage firm offers 300+ CFDs instruments on various assets like forex, commodity, metals, indices and cryptocurrency. 

The brokerage giant provides three types of trading accounts; such as silver, gold and platinum. Each account has unique features and services. 

The brokerage firm offers educational material to traders. It includes VODs, articles, courses, tutorials and ebooks. 

What are the benefits and services of the T1Markets platform? 

  • The broker offers the maximum leverage of up to 1:500 to the professional clients. 
  • The withdrawal process of the account takes 5 days.
  • Hedging is allowed in all accounts. It reduces the risk of investment.
  • The brokerage firm offers customer support for trading better; it helps solve clients’ problems. 
  • The brokerage company also offers a dedicated account manager for trading.
  • The broker gives the watching facility of the trading signal, daily news, economic calendar.
  • The deposit and withdrawal option of the T1Markets is via, Credit Card, Cryptocurrencies, Neteller, Skrill, Wire Transfer.
  • The headquarters of the T1Markets is at 249 28th October Ave, Lophitis Business Centre 1, Mezzanine Office 3, 3035, Limassol, Cyprus.
  • The minimum deposit is $250, which is required before starting trading.

Spread of silver account 

EUR/USD 28

Gold 80

Crude Oil 250

Spread of the gold account

EUR/USD 20

Gold 70

Crude Oil 200

Spread of platinum account 

EUR/USD 18

Gold 60

Crude Oil 200

101investing

101investing was founded in 2020. It is the brand name of FXBFI Broker Financial Invest Ltd. 101investing is approved by the Cyprus Securities and Exchange Commission (CySEC). The image that the broker maintains is unbelievable within a short period of time. The brokerage firm offers 250+ CFD instruments on assets like forex, commodity, metals, indices, and cryptocurrency. The broker also provides the Islamic account on the demand of the traders. 

What are the benefits and services of the 101investing platform?

  • The broker offers commission-free trading to all the traders of the platform.
  • The deposit and withdrawal option of the 101investing is via credit card, cryptocurrencies, Neteller, Skrill and wire transfer.
  • The spread is not fixed on this broker. 
  • The Cyprus Securities and Exchange Commission regulates 101investing. 
  • The headquarters of 101investing is at 79, Spyrou Kyprianou Ave., MGO Protopapas Building, 1st Floor, 3076, Limassol, Cyprus.
  • Hedging is allowed in all accounts. 
  • The broker uses MetaTrader4 platform for trading.
  •  250+ CFDs instrument on which the trader can trade on. 
  • A minimum deposit of $250 is required before starting the trading. 

Spreads of the silver account 

  • Gold 0.59
  • Crude Oil 0.07
  • Dax 2
  • EUR/USD 2.2
  • GBP/USD 2.8
  • USD/JPY 2.3

Spread of the gold account 

  • Gold 0.48
  • Crude Oil 0.05
  • Dax 1.5
  • EUR/USD 1.3
  • GBP/USD 2
  • USD/JPY 1.5

Spread of the platinum account

  • Gold 0.37
  • Crude Oil 0.03
  • Dax 1
  • EUR/USD 0.7
  • GBP/USD 1.3
  • USD/JPY 0.8

PrimeFin

PrimeFin is the brand name of Caps Solution ltd, and it is authorised and regulated by the Labuan Financial Authority (FSA). PrimeFin is a member of the Investor Compensation Funds (ICF). The brokerage giant provides three types of trading accounts: silver, gold, and platinum for trading. The minimum deposit is required before start the trading is $250. The brokerage company offers 350+CFD instruments on various assets like forex, cryptocurrencies, commodities, stocks, metals and indices. The broker always provides unique features and services to traders. 

What are the benefits and services of the PrimeFin platform?

  • The broker provides leverage up to 1:500 to professional traders.
  • The minimum deposit is $250.
  • There is no charge for any commission; the brokerage company is completely commissioned free. 
  • The platform provides a dedicated account manager for trading.
  • The broker uses the MetaTrader 4 platform for trading.
  • Fifth decimal trading is offered for better liquidity.
  • The brokerage firm also provides a demo account for practising of the beginners. 
  • Cross-platform trading is available in PrimeFin.
  • The data of all the trader information and transaction is comp[letely secure from the hackers. 
  • The spread starts from 0.07.
  • The available base currencies are EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP, and more.
  • Hedging is allowed in all accounts. 

Spread in silver account 

  • Gold 300
  • Crude oil 60
  • Dax 500
  • EUR/USD 30
  • GBP/USD 35
  • USD/JPY 35

Spread of the gold account

  • Gold 250
  • Crude oil 50
  • Dax 450
  • EUR/USD 25
  • GBP/USD 30
  • USD/JPY 30

Spread of platinum account

  • Gold 200
  • Crude oil 40
  • Dax 400
  • EUR/USD 20
  • GBP/USD 25
  • USD/JPY 25

ABinvesting

ABinvesting is the new broker in the market. Hub investments Ltd operates ABinvesting, and it is authorised and regualted by the Mauritius Financial Services Authority Commission (FSC). The platform offers 350+ CFDs instrument on different types of assets such as indices, forex, metals, cryptocurrency and commodity for trading. The Clients has the option of three types of trading account such as silver, gold and platinum. The platform doesn’t charge any commission on trading. 

What are the benefits and services of the ABinvesting platform?

  • The headquarter of the ABinvesting platform is at FSC House, 54 Cybercity Ebene, Mauritius.
  • The broker offers a swap discount of 50% on the professional account. 
  • The deposit and withdrawal option of the ABinvesting is through credit card,  cryptocurrencies, Neteller, Skrill, and wire transfer.
  • Hedging is allowed in all accounts. It helps reduce the losses and risk in the investment by taking the opposite positions.
  • The broker offers the maximum leverage is 1:500 to the professional traders, and 1:30 leverage is for the retail traders.  
  • There is no fixed spread. 
  • ABinvesting uses MetaTrader4 platform for trading.
  • The platform offers educational material to traders, such as articles, VODs, tutorials, ebooks and courses. 
  • The licence number of ABinvesting is GB20025728.

Capixal

Capixal is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). It is operated by IFC Investments Ltd and was founded in 2021. The platform offers 350+ CFD instruments on assets like a commodity, forex, cryptocurrency, metals and indices. Trading with Capixal is good, but the broker charges the inactivity fee if the trader does not have trading activity for more than 60 days. The broker provides three types of accounts for trading that is silver, gold and platinum.  

What are the benefits and services of the Capixal platform?

  • The headquarters of the Capixal is at Arch. Makariou III, 242. P.Lordos centre, block A, 2nd floor, Office 203, Limassol, Cyprus.
  • It provides customer support services to traders. 
  • Hedging is allowed in all accounts.
  • The broker also provides a dedicated account manager to traders. 
  • The platform also offers the Islamic account for trading on the particular demand of traders. 
  • The swap discount is 50% that the broker offers for professional traders. 
  • Fifth decimal trading is offered for better liquidity 
  • The average execution speed of the silver account is 0.08, the gold account is 0.06, and the platinum account is 0.04.
  • The execution model of the capixal is MT4NDD, MT4NCC, MT4 FIXED, MT4 CENT. 
  • Account currencies are USD, EUR, GBP. 

Spread of silver account

  • Gold 300
  • Crude Oil 250
  • Dax 600
  • EUR/USD 30
  • GBP/USD 35
  • USD/JPY 35

Spread of the gold account 

  • Gold 250
  • Crude Oil 200
  • Dax 550
  • EUR/USD 25
  • GBP/USD 30
  • USD/JPY 30

Spread of platinum account

  • Gold 200
  • Crude Oil 150
  • Dax 500
  • EUR/USD 20
  • GBP/USD 25
  • USD/JPY 25

The Bottom Line 

In this article, we discussed the best forex brokers in the UK services and their features and benefits. All brokers are offering some of the best services to traders. Subscribers of all the brokers are satisfied and enjoying their time earning good money. They all follow guidelines mandated by the government and follow strict rules to lubricate the hopes of investors. 

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