2021 forex brokers

As we go through in our list above, the best five brokers that are regulated by the FCA and you can start trading with today are, the regulator in the UK is the FCA and they are the regulator for nearly 60,000 financial services firms and financial markets.

New forex bonuses

Best Forex Brokers for UK Traders 2021, 2021 forex brokers.

Best forex brokers for UK traders 2021

Are you looking for the best forex brokers in the UK that will ensure your trading funds are safe and you are trading with a broker that has strong regulation?

You are in the right place!

In this post we go through the best brokers for traders in the UK that are regulated by the FCA.

These brokers all have different features and you will be able to find a broker to suit you depending on whether you need a metatrader broker, a broker with a small minimum deposit or a broker that has top of the line customer support.

Best forex brokers for UK traders

FXTM

FXTM	regulation	min deposit	platform	open an account
	FCA and cysec	$10	MT4 and MT5	trade now

FXTM is an award winning broker that has a vast selection of instruments, platforms, account types and resources.

With FXTM you get access to a regulated broker who offers both the latest MT4 and MT5 platforms.

Unlike many other brokers where the minimum deposits can be a lot larger, the minimum deposit with FXTM is only $10. This means you can make a tiny deposit and test out whether they are for you or not.

With FXTM you can make your trades with instant execution and on a huge range of markets and assets that include;

Currency pairs

Cfds

Precious metals and commodities

Cryptocurrencies

Stocks

Plus500

plus500	regulation	min deposit	platform	open an account
	ASIC, FCA + others	$100	plus500 platform	trade now

Plus500 is a market maker broker that offers their own trading platform that is very easy to use.

This broker offers trading on pretty much every market you could think of. If you cannot find what you are looking for on another broker, then plus500 is probably for you. After signing up you get access to everything from forex through to options and even ETF trading.

Plus500 offers large leverage, very small spreads and no commission trading making it a very good options for many different types of trading strategies.

FXCM

FXCM	regulation	min deposit	platform	open an account
	FCA, ASIC + others.	$300	trading station, MT4 and ninjatrader	trade now

FXCM is a leading global broker that has been offering it's services since 1999.

FXCM has a huge range of trading services that include foreign exchange (FX) trading, CFD trading and spread betting. With FXCM you have access to multiple trading platforms, tools and premium resources to help you gain an edge over the markets.

One of the reasons so many choose to trade with FXCM is because of their extensive range of markets you can trade. You get access to everything from forex, shares, cryptocurrencies, commodities and indices.

Pepperstone

regulation	min deposit	platform	open an account
	ASIC, FCA + others	$200	MT4, MT5 and ctrader	trade now

Pepperstone is an australian based broker and is widely regarded as one of the best forex brokers in the world.

With pepperstone you have the ability to trade on forex, gold, indices, equities, and more. One of the biggest benefits to pepperstone is the availability of not just MT5, but also other different trading platforms. You can choose any of the MT4, MT5, and ctrader that come on desktop, mobile and web trading.

Pepperstone offer very comprehensive education and analysis that ranges from market news, analysis, an economic calendar, guides, webinars, and more.

Another large benefit to pepperstone is their small trading costs. Pepperstone offer very small spreads and charge low commissions per round trade.

Etoro

etoro	regulation	min deposit	platform	open an account
	ASIC, FCA + others	$50	etoro platform	trade now

Etoro is the world's leading social trading platform where you can both trading yourself and copy other professional traders.

Etoro have a huge range of products and the main reason they have become so popular is because of their copy trading feature. This feature allows you to make consistent profits without having to make any trades yourself.

Using their in-depth statistics you can find the most profitable traders and start following them. You will then be copying their trades and making profits on the same trades.

Etoro offer their own trading platform that is very easy to use on both desktop and mobile and allows you to quickly and easily make and manage your trades. The platform lets you quickly see your risk and the exact amounts you will make or potentially lose.

Etoro accepts traders from all over the world and since 2018 they have also started accepting US traders which is a huge plus for all the US traders looking for a good broker with strong regulation.

Is forex trading legal in the UK?

Yes, forex trading is legal in the UK.

To guarantee your funds protection you should make sure you are trading with a UK regulated broker.

The regulator in the UK is the FCA and they are the regulator for nearly 60,000 financial services firms and financial markets.

Trading in the UK with a FCA regulated broker will ensure your funds are safe and you are with a reputable broker.

How to start trading in the UK?

To start trading legally in the UK you should find a broker that is tightly regulated by the FCA to ensure your funds are safely protected.

As we go through in our list above, the best five brokers that are regulated by the FCA and you can start trading with today are;

What to look for in a south african forex broker

Correct regulation

When looking to deposit and trade with a forex broker it is incredibly important you make sure that the broker is strongly regulated. This will make sure you are getting the best trading conditions and your funds are safe. This will also ensure that if anything does go wrong with your broker that there is a complaint procedure in place to solve any issues.

Protection of funds

If you are trading with a broker that either has no regulation or very thin regulation, then you funds are at risk.

The world's strongest regulators make brokers segregate client funds. This basically means that your funds are not pooled with the brokers. If anything happens to the broker, then your funds are not going to be at risk.

Negative balance protection

Negative balance protection can be incredibly important. In years gone past we have seen some huge market crashes and flashes. This has caused traders accounts to go well below what they first deposited and the broker coming after them for the extra money they have lost.

Having a broker with negative balance protection means that you cannot ever lose more than what you deposit.

How to check if UK broker is regulated

If you want to see if a broker is regulated in the UK, then you can check the FCA register at their website here.

This register will help you make sure that the broker you want to trade with is in fact regulated and correctly registered in the UK with the FCA.

FAQ's

Is forex trading legal in the UK?

Yes, forex trading is legal in the UK. To guarantee your funds protection you should make sure you are trading with a UK regulated broker.

How do I check if forex broker is regulated in the UK?

If you want to see if a broker is regulated in the UK, then you can check the FCA register at their website here; https://register.Fca.Org.Uk/s/

How do I start trading in the UK?

To start trading legally in the UK you should find a broker that is tightly regulated in the UK by the FCA to ensure your funds are safely protected.

Best forex brokers for UK traders 2021

Are you looking for the best forex brokers in the UK that will ensure your trading funds are safe and you are trading with a broker that has strong regulation?

You are in the right place!

In this post we go through the best brokers for traders in the UK that are regulated by the FCA.

Best forex brokers for UK traders

FXTM

FXTM	regulation	min deposit	platform	open an account
	FCA and cysec	$10	MT4 and MT5	trade now

FXTM is an award winning broker that has a vast selection of instruments, platforms, account types and resources.

With FXTM you get access to a regulated broker who offers both the latest MT4 and MT5 platforms.

With FXTM you can make your trades with instant execution and on a huge range of markets and assets that include;

Currency pairs

Cfds

Precious metals and commodities

Cryptocurrencies

Stocks

Plus500

plus500	regulation	min deposit	platform	open an account
	ASIC, FCA + others	$100	plus500 platform	trade now

Plus500 is a market maker broker that offers their own trading platform that is very easy to use.

Plus500 offers large leverage, very small spreads and no commission trading making it a very good options for many different types of trading strategies.

FXCM

FXCM	regulation	min deposit	platform	open an account
	FCA, ASIC + others.	$300	trading station, MT4 and ninjatrader	trade now

FXCM is a leading global broker that has been offering it's services since 1999.

Pepperstone

regulation	min deposit	platform	open an account
	ASIC, FCA + others	$200	MT4, MT5 and ctrader	trade now

Pepperstone is an australian based broker and is widely regarded as one of the best forex brokers in the world.

Pepperstone offer very comprehensive education and analysis that ranges from market news, analysis, an economic calendar, guides, webinars, and more.

Another large benefit to pepperstone is their small trading costs. Pepperstone offer very small spreads and charge low commissions per round trade.

Etoro

etoro	regulation	min deposit	platform	open an account
	ASIC, FCA + others	$50	etoro platform	trade now

Etoro is the world's leading social trading platform where you can both trading yourself and copy other professional traders.

Using their in-depth statistics you can find the most profitable traders and start following them. You will then be copying their trades and making profits on the same trades.

Etoro accepts traders from all over the world and since 2018 they have also started accepting US traders which is a huge plus for all the US traders looking for a good broker with strong regulation.

Is forex trading legal in the UK?

Yes, forex trading is legal in the UK.

To guarantee your funds protection you should make sure you are trading with a UK regulated broker.

The regulator in the UK is the FCA and they are the regulator for nearly 60,000 financial services firms and financial markets.

Trading in the UK with a FCA regulated broker will ensure your funds are safe and you are with a reputable broker.

How to start trading in the UK?

To start trading legally in the UK you should find a broker that is tightly regulated by the FCA to ensure your funds are safely protected.

As we go through in our list above, the best five brokers that are regulated by the FCA and you can start trading with today are;

What to look for in a south african forex broker

Correct regulation

Protection of funds

If you are trading with a broker that either has no regulation or very thin regulation, then you funds are at risk.

Negative balance protection

Having a broker with negative balance protection means that you cannot ever lose more than what you deposit.

How to check if UK broker is regulated

If you want to see if a broker is regulated in the UK, then you can check the FCA register at their website here.

This register will help you make sure that the broker you want to trade with is in fact regulated and correctly registered in the UK with the FCA.

FAQ's

Is forex trading legal in the UK?

Yes, forex trading is legal in the UK. To guarantee your funds protection you should make sure you are trading with a UK regulated broker.

How do I check if forex broker is regulated in the UK?

If you want to see if a broker is regulated in the UK, then you can check the FCA register at their website here; https://register.Fca.Org.Uk/s/

How do I start trading in the UK?

To start trading legally in the UK you should find a broker that is tightly regulated in the UK by the FCA to ensure your funds are safely protected.

Best forex brokers for 2021

Brokerage companies are scattered all over the world and have many differences in trading conditions, products and services. Some companies are regulated, others are not. Some have been around for decades, others are rather young. Certain brokers work as market makers and have fixed spreads, others provide STP or ECN accounts with direct market access and offer a much larger selection of underlying assets for trading. This site was created to help you find the best forex brokers for your specific needs and requirements. There are several sections and filters in the menu on the left. These can be used to create a custom list of entities with preferable parameters and characteristics. If you find a certain broker you are currently trading with or have used before, feel free to share your experience about it in the comments section meant for forex broker reviews.

The forex brokerage business has undergone a lot of evolution in the last decade. The global financial crisis of 2008 and the events that happened thereafter have reshaped the industry. At about the same time, new technologies came up and also contributed to the evolution of the forex market and forex brokerage business. It is important for traders to understand what forex brokerage is all about and how it will affect their trading ventures. Before we get to meet the best forex brokers for 2021, it is pertinent to identify the role that forex brokers play in a trader’s career and why it is important to go with a forex broker that can match your circumstances and aspirations.

Role of forex brokers

Forex brokers have several roles to play in the market. These roles have also evolved over time, as traders demand a lot more from their trading providers. Forex companies now perform the following roles:

A) access to the market

This is the core role of the forex broker. The forex market is a virtual market with no physical location. At the centre of forex market operations is the interbank market, where the big banks offer various currency pairs for sale. Professional and individual traders therefore do not have to proceed to a physical location to trade, but rather have to have a means of accessing the interbank market. They can only gain access to the interbank forex market using software known as platforms. These platforms are provided by the forex brokers. So without the brokers, nobody can get access to the forex interbank market to trade.

Access can be provided directly using the ECN/STP platforms (also known as direct market access platforms), or indirectly using the market maker platforms that route orders to the broker’s dealing desk. Traders should as much as possible, try to understand the implications of getting direct access to the FX market on one hand, and getting indirect access on the other. The type of access granted will determine factors such as amount of capital to start with, as well as the trading styles and processes to be adopted.

B) trader education

This is gradually but surely becoming a very important element of the forex broker’s functions. Research has shown that 90% of retail traders will lose 90% of their accounts in 90 days. This is a well-established market statistic. Majority of the losing traders (if not all) are traders who are uneducated about the market and who do not understand how to trade profitably. These will end falling by the wayside. No broker wants to spend money acquiring clients, only to have them quit the market after decimating their accounts in 90 days. With brokers realizing that such an arrangement is not good for business in the long run, many of them are now investing significantly into trader education. Videos, articles and webinars are the common means by which beginner traders are given an introduction into the forex market.

C) market research

Once traders get established on the platforms using trader educational resources, their trading activities can be sustained via the provision of market research tools, analysis and news feeds. Many brokers have incorporated this into their offerings as well. For the trader, this is a good thing.

Criteria to consider in choosing a forex broker

The criteria for choosing a forex broker have evolved over the years. While there are still some elements that are critical to the choice and which have remained constant over time, there are other parameters which have emerged and which will be considered below.

1. Spreads/commissions

Spreads are the primary cost to the trader. Lower costs mean that the trader will have a chance to retain more profits, or at least reduce the losses that may be incurred. Competitive spreads are now a factor used in broker selection. It may not be immediately obvious how much savings on spreads can translate to, but high volume traders such as scalpers know that when up to 300 trades are placed in a month, then savings from reduced spreads can be substantial.

2. Leverage

Leverage in forex is now a big deal. What started off in 2010 when leverage caps were introduced in the US by the commodities and futures trading commission (CFTC), has now been extended into the united kingdom and europe. Retail traders in the UK and EU have seen leverage caps reduced from as high as 1:500, to just 1:30 for major forex pairs. Minor pairs and cfds have even tighter leverage limits. This has increased margin requirements significantly. However, some brokers outside these jurisdictions have continued to maintain the high leverages, thus attracting traders who were caught out by ESMA’s decision. Some of the UK/EU brokers have also opened international divisions, where their international client accounts are being migrated to. So traders now have a choice of operating with the low leverage brokers, or the high leverage ones.

3. Regulation

Regulation will continue to remain a key factor in broker selection. Regulation ensures that traders are protected and that the trading environment is transparent and secure. The brokers presented on this site are regulated in their respective areas of operation, which ensures that traders who open accounts with them are assured of safety of their funds.

4. Broker type

A mention has earlier been made about direct and indirect access to the interbank market. As a trader, you need to know how each type of access will affect you. Market makers provide indirect access because they buy positions from the interbank market and resell them to their clients using a dealing desk. Market makers usually require smaller amounts of starting capital, provide fixed spreads, and tend to have more slippages and requotes. They provide a low barrier for market entry.

ECN brokers on the other hand, provide direct market access. They require large amounts as initial capital, provide variable spreads, but do not have slippages and requotes. However, they charge commissions on trades in addition to spreads. At the end of the day, the trader’s financial capacity will determine if a market maker or an ECN broker will be selected for the trading venture.

5. Trading resources

Trading resources are generally tools that are provided by a broker to enhance the trading experience and potentially improve a trader’s trading outcomes. More is not always better. In this case, it is about finding the broker that has the right mix of trading resources that cover analysis, news and market insight.

6. Customer support

Customer support can now be offered using a variety of means that were not in existence 10 years ago. Social media channels such as facebook and twitter, as well as messaging apps such as telegram can now serve as channels for receiving near-immediate responses from a broker’s customer support desk. Choose a broker with a diversified customer support structure which deploys these new means of communication.

Our list of forex brokers

The list below features best forex brokers selected by us for 2021 year. This list has been prepared after due consideration of all the factors mentioned above. In this list, you will find many brokers that are offshore brokerages with high leverage, or offshore divisions of EU/UK brokerages that can provide high leverage trading platforms to their clients. Feel free to read our forex broker reviews and make an informed choice based on the contents of this website.

Fxdailyreport.Com

The question of choosing the best forex broker for beginners is a matter that any trader who wants to succeed in forex trading has to consider very seriously. Unfortunately, the subject is never mentioned in most of the so-called “intensive” forex seminars that many retail traders attend before putting their money into this risky market. Retail traders cannot trade the forex market directly. They can only do this through the services provided by forex brokers, who provide the trading platforms that connect all the players of the market together.

There is a huge difference between trading forex for beginners and when more experienced traders trade forex. There are certain needs beginner traders have and these must be reflected in the choice of the best forex broker for beginners. Choosing the best forex brokers for beginners must incorporate as an integral goal, helping such beginner traders to make progress in their learning curve.

Top recommended forex brokers for beginners

info	bonus	open account
min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec	50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win.	Visit broker
min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC	$100 no-deposit bonus, 100% deposit bonus	visit broker
min deposit: $5 spread: from 0 pips leverage: 888:1 “*this leverage does not apply to all the entities of XM group.” regulation: ASIC, cysec, IFSC belize	“50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program”	visit broker
min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN	35% of the account deposit	visit broker
min deposit: $100 spread: starting 0 pips leverage: up to 400:1 regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA	visit broker
min deposit: $300 spread: floating, from 0 pips leverage: 500:1 regulation: FCA UK reference number 579202	visit broker
min deposit: $200 spread: starting 0 pips leverage: 500:1 regulation: ASIC australia, FCA UK	visit broker
min deposit: no minimum deposit spread: 1.2 pips leverage: 50:1 regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC	visit broker
min deposit: $10 spread: leverage: regulation: cysec	-	visit broker
min deposit: $200 spread: from 3 pips leverage: 400:1 regulation: NFA, FCA, cysec	visit broker

How to choose the best forex brokers for beginners

There are many forex brokers out there; you will get the good, the bad and the very ugly. Choosing a suitable broker is indeed a daunting task. The sweetly-worded and glamorously designed sales pages have conspired to make this so. You need to be able to sift the wheat from the chaff so your requirements are met and safety of your funds guaranteed.

What should you consider when choosing the best forex brokers for beginners?

1) regulation
regulation comes first on the list because if a broker is tightly regulated, 70% of broker-related issues suffered by traders would have been solved. The forex market in itself may be unregulated as there is no centralized exchange, but companies who do the business of forex brokerage are under regulatory supervision. In the US, this job belongs to the national futures association (NFA) and commodity futures trading commission (CFTC). Recently, the CFTC punished a forex broker and ordered them to pay $14 million in fines and compensations to clients for trading-related infractions. This is how powerful the regulation in the US can be and underscores the importance of ensuring that brokers are subject to regulation.

In the european union, brokers are subject to the mifid regulatory protocol. The financial conduct authority does the business in the united kingdom. It is very easy to verify a broker’s status from any of these agencies, especially as many brokers now operate branches from different continents. Information about a broker’s track record is also obtainable from the various online forex forums we have out there on the internet.

The best online forex brokers for beginners are those who are regulated. Regulation affords traders a high level of protection. Beginners are like babies; vulnerable and blissfully unaware of the dangers around them. They therefore need all the protection they can get and using a regulated broker affords them this protection.

2) customer service
A good forex broker should have a direct channel customer support system. In today’s financial trading world, having an instant response email, call me back and live chat feature are very basic requirements. It is simply unthinkable that a broker who makes so much money from commissions and spread charges cannot afford to put in place such instant communication systems. So the best forex trading brokers for beginners are those who provide a means of instant and fast communication.

3) transparent trading process
one practice that poses problems to all traders is lack of transparency among brokers. One of such practices is stop hunting. This is a practice of some unscrupulous market maker brokers who move prices using a dealing desk to stop out trades even when true market prices are still a few pips away. Forex capital markets (FXCM LLC) was punished some years back by the CFTC for this infraction. Beginner traders are usually unaware of such practices. Experienced traders usually know how to navigate these bumps along the way but this is not the case for beginners. Stop hunting, excessive slippages and platform freezes are things to look out for and where these occurrences are regular with a broker, you need to avoid such a broker like the plague. So trusted forex brokers for beginners are those who provide transparency in pricing and other trading operations, thus providing a level playing field.

4) trading software
top forex brokers for beginners are those who provide user-friendly trading software for their clients. A user-friendly platform makes the trading process less stressful. Many proprietary platforms make the job of trading difficult, with confusing interfaces or multi-step ordering processes.

5) education portal
the best forex brokers for beginners are those who realize that those clients of theirs who are new to the game require some help in the form of educational material so they know what they are getting into. This is why many brokers now have portions of their websites devoted to educational resources. A lot of these resources are put together by experienced traders and can provide a comprehensive learning experience for beginner traders.

6) social trading
finally, the best forex brokers for beginners are those which offer social trading platforms for their beginner traders. Social trading provides a form of mentoring for beginner traders by allowing them to copy the same trades that the experienced traders are executing on the platforms. Trading in such communities simulates the same mentoring setup which is found in institutional trading desks. So if a forex broker offers social trading, such a broker is well on its way to being described as one of the best forex brokers for beginners.

Our recommended: join etoro social trading connects over 5 million traders worldwide

You can see that there are many issues that beginner traders must consider before choosing a forex broker. The best forex brokers for beginners are those which actually contribute to the trader’s learning experience. Beginners should look out for these brokers using the parameters spelt out above.

Related articles of best forex broker for beginners

Top 6 best forex brokers with no deposit bonus for 2021

Top rated:

What better way to start trading than with a no deposit bonus forex broker? This should give you the perfect start to trading with some risk-free funds. To help you achieve that goal, we have put together a collection of the best regulated forex brokers in the market who offer a no deposit bonus to traders.

Beyond looking at more details of these top brokers, we will also provide more information on no deposit bonus availability, and how you can use these bonuses to your advantage when trading.

What is a no deposit bonus?

Very simply, a no deposit bonus is an amount of money which is given to you as a trader just for completing the broker registration process. This means that you do not have to deposit any of your own real funds to gain access to this no deposit bonus.

No deposit bonus: are they available in the EU?

Unfortunately, the answer to this question is no. The no deposit bonus offers are not available in the EU. This is due to the fact that the european market regulator, ESMA, has banned certain types of forex broker bonus offers under the mifid II regulations.

The result is that forex brokers’ no deposit bonus offers, and any kind of registration bonus offers are not allowed for traders who are in the EU.

Please note that the following bonuses are available only to people based outside the EU. Moreover, we do strongly suggest to not judge the broker based solely on the no deposit bonus, but on the suitability to your trading goals and preferences.

Top 6 best brokers with no deposit bonus

Here is a closer look at the top brokers we have selected who do offer a no deposit bonus.

Best forex brokers for UK traders 2021

Are you looking for the best forex brokers in the UK that will ensure your trading funds are safe and you are trading with a broker that has strong regulation?

You are in the right place!

In this post we go through the best brokers for traders in the UK that are regulated by the FCA.

Best forex brokers for UK traders

FXTM

FXTM	regulation	min deposit	platform	open an account
	FCA and cysec	$10	MT4 and MT5	trade now

FXTM is an award winning broker that has a vast selection of instruments, platforms, account types and resources.

With FXTM you get access to a regulated broker who offers both the latest MT4 and MT5 platforms.

With FXTM you can make your trades with instant execution and on a huge range of markets and assets that include;

Currency pairs

Cfds

Precious metals and commodities

Cryptocurrencies

Stocks

Plus500

plus500	regulation	min deposit	platform	open an account
	ASIC, FCA + others	$100	plus500 platform	trade now

Plus500 is a market maker broker that offers their own trading platform that is very easy to use.

Plus500 offers large leverage, very small spreads and no commission trading making it a very good options for many different types of trading strategies.

FXCM

FXCM	regulation	min deposit	platform	open an account
	FCA, ASIC + others.	$300	trading station, MT4 and ninjatrader	trade now

FXCM is a leading global broker that has been offering it's services since 1999.

Pepperstone

regulation	min deposit	platform	open an account
	ASIC, FCA + others	$200	MT4, MT5 and ctrader	trade now

Pepperstone is an australian based broker and is widely regarded as one of the best forex brokers in the world.

Pepperstone offer very comprehensive education and analysis that ranges from market news, analysis, an economic calendar, guides, webinars, and more.

Another large benefit to pepperstone is their small trading costs. Pepperstone offer very small spreads and charge low commissions per round trade.

Etoro

etoro	regulation	min deposit	platform	open an account
	ASIC, FCA + others	$50	etoro platform	trade now

Etoro is the world's leading social trading platform where you can both trading yourself and copy other professional traders.

Using their in-depth statistics you can find the most profitable traders and start following them. You will then be copying their trades and making profits on the same trades.

Etoro accepts traders from all over the world and since 2018 they have also started accepting US traders which is a huge plus for all the US traders looking for a good broker with strong regulation.

Is forex trading legal in the UK?

Yes, forex trading is legal in the UK.

To guarantee your funds protection you should make sure you are trading with a UK regulated broker.

The regulator in the UK is the FCA and they are the regulator for nearly 60,000 financial services firms and financial markets.

Trading in the UK with a FCA regulated broker will ensure your funds are safe and you are with a reputable broker.

How to start trading in the UK?

To start trading legally in the UK you should find a broker that is tightly regulated by the FCA to ensure your funds are safely protected.

As we go through in our list above, the best five brokers that are regulated by the FCA and you can start trading with today are;

What to look for in a south african forex broker

Correct regulation

Protection of funds

If you are trading with a broker that either has no regulation or very thin regulation, then you funds are at risk.

Negative balance protection

Having a broker with negative balance protection means that you cannot ever lose more than what you deposit.

How to check if UK broker is regulated

If you want to see if a broker is regulated in the UK, then you can check the FCA register at their website here.

This register will help you make sure that the broker you want to trade with is in fact regulated and correctly registered in the UK with the FCA.

FAQ's

Is forex trading legal in the UK?

Yes, forex trading is legal in the UK. To guarantee your funds protection you should make sure you are trading with a UK regulated broker.

How do I check if forex broker is regulated in the UK?

If you want to see if a broker is regulated in the UK, then you can check the FCA register at their website here; https://register.Fca.Org.Uk/s/

How do I start trading in the UK?

To start trading legally in the UK you should find a broker that is tightly regulated in the UK by the FCA to ensure your funds are safely protected.

Top 5 ASIC forex brokers in 2021

Are you looking for reliable forex brokers regulated by ASIC? Search no further – you’ll find the complete list of the top 5 ASIC forex brokers in 2021 in this article.

January 5, 2020 | atoz markets – the forex market is the world’s largest trading market, where nearly $5 trillion traded daily. It is a legitimate trading market where the world’s currencies are traded.

While forex is not a scam in itself, there are many scam forex brokers in the market. Before we show you the top five ASIC forex brokers in 2021, let’s first understand what ASIC is and why you should choose ASIC regulated forex brokers.

What is ASIC?

The australian securities and investments commission (ASIC) is one of the oldest regulators in the market, having started off its journey as the australian securities commission (ASC) in 1989. Over the years, the agency witnessed a host of changes in the way they operate by adding multiple industries under its regulatory oversight and was renamed in 1998 as the australian securities and investments commission.

The ASIC is responsible for overseeing the activities of a wide range of industries ranging from insurance companies, corporate governance, securities and investments, fund management, credit organizations, and other financial services.

ASIC regulated brokers are now considered to be one of the best in the industry due to the advanced regulatory oversight and several reforms that enabled ASIC to become a highly preferred regulatory agency. In its latest avatar, the ASIC is responsible for regulating the australian stock exchange and acts as an independent regulatory organization for all market participants, including brokers as well as investors.

That said, why should you choose ASIC regulated forex brokers?

Why should you trade with ASIC forex brokers?

There are few genuinely strong regulators in the world; the UK’s financial conduct authority is one, the cyprus securities and exchange commission is another, and most would agree that ASIC is also a member of this group. ASIC has already built a reputation for guaranteeing trader security and dealing harshly with bad brokers, but recent reports show that ASIC is planning an even stricter regulatory environment in the coming months. We will talk about what that environment might look like in more detail below, but first, let’s look at the current benefits of trading with an ASIC-regulated broker.

Segregated accounts: like most good regulators, ASIC ensures that all brokers keep client funds segregated from broker operational funds and in tier 1 australian banks.

No leverage limit: there are currently no limits on maximum leverage offered by brokers, though this is likely to change in the next year. While leverage limits can protect traders, especially beginners, it can make scalping strategies more difficult.

Dispute resolution and customer satisfaction: the australian financial complaints authority (AFCA) handles all disputes between traders and brokers and are known for efficiency and fairness. Importantly, brokers are responsible for the cost of the resolution and not the trader – this provides an incentive for brokers to respond quickly and fairly to all customer complaints. Unsurprisingly, ASIC forex brokers are consistently rated very highly for customer satisfaction.

No conflict of interest: ASIC has banned all forex brokers from being a counterparty to their client’s trades, furthermore all brokers are required to offer a fast and efficient platform with no broker interference. It is perhaps as a result of these restrictions that australia hosts many of the world’s best ECN brokers.

How to choose ASIC regulated forex brokers?

All ASIC forex brokers are safe due to the strict regulatory environment in which they operate, and most of them are very strong all-round. But it is essential to look at the detail of each broker to find out what differentiates them from each other. When looking for an ASIC-regulated forex broker, it is important to judge them on the following areas:

Broker type: most brokers are either ECN/STP or market makers, but some can be a combination of both. You will find that many brokers will provide an ECN/STP service on their higher-deposit account types while acting as a market maker for their cent and standard accounts. Many of the best ASIC regulated brokers are ECN/stps.

Trading conditions: this includes what kind of spreads are available, how much leverage is offered, and how many currency pairs are available. These factors will directly impact your profit or loss, so you don’t want any surprises.

Trading platform: metatrader 4 is still the industry standard, but many brokers offer metatrader 5 and/or their proprietary platforms. ECN/STP brokers will often support ctrader as it is built specifically for market execution and only allows for minimal broker interference.

Minimum deposit: this changes by account type for many brokers, with higher minimum deposits often linked to better trading conditions. We will always highlight the minimum deposit available regardless of the account type.

Deposit and withdrawal methods: all brokers accept traditional payment types such as debit/credit cards and bank transfers, many accept online payments through skrill and neteller and some will also accept bitcoin. Always check for deposit and withdrawal fees, a few brokers charge a percentage fee for some withdrawals methods, making large drawdowns very expensive.

Now we know more about the australian financial watchdog, its functions, and benefits. Who, then, are the top 5 ASIC forex brokers in 2021?

Top 5 ASIC forex brokers in 2021

The brokerage firms below are atoz markets’ top picks for the best ASIC regulated forex brokers in 2021. They are:

Pepperstone

Axi

Royal

Vantage FX

Moneta markets

1# pepperstone

Pepperstone is an australian forex broker established in 2010 which has enjoyed a remarkable growth rate since its founding. In less than a decade, it grew its client base to over 57,000, with an average daily transaction size of $12.55 billion.

Tight spreads and fast execution speeds make this broker an excellent choice for scalpers and automated trading solutions. Over 150 assets are available from three trading platforms, regulated by industry heavyweights- ASIC in australia, the FCA in the U.K., and the DFSA in dubai. With numerous global awards, this broker possesses the proper fundamentals to further increase its market share. Pepperstone will achieve this through the noted scale of a fintech company and the agility of a startup.

Pepperstone pros

Leverage available for both forex and cryptocurrency trading

Fast and fully digital account opening

Seamless and free deposit and withdrawal

Excellent customer service

Wide range of educational tools and courses that both experts and beginners

Pepperstone cons

Not currently available to U.S. Traders

No investor protection for clients outside the EU & UK

Open pepperstone live account

2# axi

Founded in 2007, axi (previously known as axitrader) is an award-winning, ASIC regulated forex broker. Axi is a wholly-owned subsidiary of axicorp financial services pty LTD, based in australia. They offer tight spreads, low commissions, good execution, and a range of different markets. Advanced platforms and trading tools add to the overall online trading experience.

Axi has signed a multi-year global sponsorship as the ‘official online trading partner’ of the english premier league club manchester city FC, a move the brand hopes will increase brand awareness for the company’s new name.

Axi pros

Low forex fees and no inactivity fee

No withdrawal and deposit fees

Segregated client funds

Fully digital account opening

Axi cons

No US clients

Restricted leverage for EU clients

24/5 customer service

Open axi live account

3# royal

Royal is a brokerage company established in 2006 by a team of trading professionals to offer optimal trading conditions, tailored services, and support. This broker has made a name in australia with the ASIC license to offer services using the latest technological advances, and contemporary methods.

Originally, the broker headquarters in lebanon, but due to the rapid spread in the world, the company also established an office in cyprus, while fully complying with applicable regulations.

Royal pro

Fast account opening

Regulated by ASIC and cysec

Negative balance protection applied

Cross border licenses and global coverage

Royal cons

Open royal live account

4# vantage FX

Vantage FX is a leader among australian forex brokers and gives traders the ability to access the forex markets, cryptocurrencies, indices, commodities, and shares cfds.

The company has received consistent recognition as a secure, safe forex broker that provides highly transparent access to the markets.

Vantage FX was founded back in 2009 with the founders consisting of a highly specialized team with experience in technology, forex, and finance. The goal behind vantage FX was to assist clients with pursuing financial goals by providing powerful trading platforms, transparent forex market access, award-winning customer service, and exceptional execution speed.

Vantage FX pros

Strict regulation

Low fees

Super fast account opening

Segregated client funds

Seamless deposit and withdrawal

Vantage FX cons

Open vantage FX live account

5# moneta markets

Launched in 2019, moneta markets is a trade name of vantage international group limited which is authorized and regulated by ASIC as well as the cayman islands monetary authority (CIMA).

The broker offers access to more than 300 tradable instruments including FX currency pairs, stock indices, commodities, and share cfds. This brokerage firm also offers investor protection by holding client funds in segregated accounts with the national australia bank and by offering facilities to help clients avoid negative balance in certain situations.

Moneta markets pros

A regulated forex and CFD broker high leverage ratio of up to 1:500 free demo account user friendly trading platform low trading fees swap-free trading account is available

Moneta markets cons

No US clients

No metatrader platform

Demo account expires in 30 days

Open moneta markets live account

Key takeaway

Now that we understand that the ASIC is an important global regulatory agency that gives out licenses and protects the forex traders, you can go ahead and select one of these recommended top 5 ASIC forex brokers in 2021 and start trading safely because they protect your interests on the highest level.

However, what can you do in case of a complaint against ASIC regulated forex brokers?

ASIC entertains complaints clients of regulated forex brokers through the various federal agencies and also encourages companies to resolve issues at the broker level. In case the investor is unable to obtain a favorable response, he/she can also approach the financial ombudsman service or contact a higher authority such as the court for resolution of the matter.

Nevertheless, australian forex brokers are highly proactive in their approach and usually, resolve customer issues by working with their clients on finding a good resolution. The ASIC guidelines have indeed helped in achieving low levels of scams, which help traders to enjoy absolute peace of mind while dealing with ASIC regulated FX brokers.

Think we missed something? Let us know in the comment section below.

Forex rating - best forex brokers 2021

Forex rating is the easiest way to choose the right forex broker from many of online trading companies. Hundreds of companies operate in the fx market, but if you want to succeed in the field of forex trading it is essential to make the right choice from the very beginning. Our main goal is to rank, evaluate and compare forex brokers. We invite you to take part in determining top forex brokerages companies each month.

* forex broker rating accepts no liability for any errors in the information, trading conditions and forex reviews. For the most recent information please visit the company's site. Forex rating rates participants by the actual number of votes. Monthly rating results can be found in our statistics section. Detailed analysis of the monthly winners is published regularly in our forex brokers section. We also provide an opportunity to compare companies. If you want to compare several brokerages or analyze trading conditions, please use our free comparison and research tool which will vividly show you the main benefits of the best forex brokers. Whether you are looking for a qualified ECN or PAMM broker to invest or to manage your funds, our interactive platform will list the optimal top 10 brokers available.

Forex brokers’ reviews for 21 january, 2021

Investment center ralph sankt 21 january, 2021 reply

Nixse kristin meier 21 january, 2021 reply

Kiplar stephan reiniger 21 january, 2021 reply

All client trades are executed with no dealing desk* intervention. Most trades are filled in under 10 milliseconds, with up to 2,000 trades executed per second.

Aussietrust luca wagner 21 january, 2021 reply

Roinvesting spencer 21 january, 2021 reply

24option dana 20 january, 2021 reply

Exness nachiket 20 january, 2021 reply

Roinvesting marius 20 january, 2021 reply

Olymp trade cristian jaso 20 january, 2021 reply

Kiplar patrick rochefort 20 january, 2021 reply

Investment center crescent lamy 20 january, 2021 reply

Nixse brigitte davignon 20 january, 2021 reply

Finmarket saber achin 20 january, 2021 reply

Give your trading edge a boost and access exclusive technical analysis trading signals across 50+ FX pairs and share cfds from 40+ global exchanges! Start trading with an award-winning forex broker, vantage FX.

Aussietrust belisarda jacques 20 january, 2021 reply

Investlite lara hart 20 january, 2021 reply

Forex ratings standards of fairness and credibility 2021 . Due to years of joint work and co-operation with established professional traders, forex-ratings.Com is by right known as one of the most reputable and credible global forex brokers’ rating. Forex-ratings.Com continuously works on the applied methodology of selecting, evaluating and rating forex brokers with due attention to the highly dynamic nature of the forex market development. Naming and ranking of the top forex brokers are based on the analytical approach to the data array comprising various parameters of the brokers’ business activities. One of the key elements of objective assessment is the feedback from fx traders regarding their interaction with our site. The interactive system is an integral part of the ever-evolving online platform.

Forex rating methodology . The evaluation system of forex rating is based on the results of the site's visitors' voting: the results can be taken for any period of interest (day/month/year). The listing participants are ranked in accordance with the actual number of positive and negative votes expressed as percentage. Remarkably, on the first day of every month all the voting figures are reset and voting starts anew to provide equal rights to all the rating participants in their strive to the top.

Forex forecasts

Automated trading systems are an opportunity to create passive earnings in the financial markets for all users. Successful and proven strategies are integrated into the algorithm of advisers, which will make it possible to earn on the pricing of assets without delving into the subtleties of technical analysis. We present the top 10 forex advisors including equilibrium, excalibur, night owl.

Top 10 forex advisors 2021

Read our extended forex guide to find out how to choose the best forex broker 2021.

Convert one forex currency to another, calculate foreign exchange rates using our free currency converter and calculator tool.

A combination of supporting factors pushed AUD/USD higher for the third straight session. The prevalent risk-on environment weighed on the safe-haven.

USD/CHF oscillated in a range below 0.8900 mark through the early european session. The upbeat market mood undermined the safe-haven CHF and extended.

Bitcoin (BTC) slid under $33,000 for the first time in over a week on jan. 21 as selling pressure gathered to drive price action lower. Data from.

Top 6 best forex brokers with no deposit bonus for 2021

Top rated:

Beyond looking at more details of these top brokers, we will also provide more information on no deposit bonus availability, and how you can use these bonuses to your advantage when trading.

What is a no deposit bonus?

No deposit bonus: are they available in the EU?

The result is that forex brokers’ no deposit bonus offers, and any kind of registration bonus offers are not allowed for traders who are in the EU.

Please note that the following bonuses are available only to people based outside the EU. Moreover, we do strongly suggest to not judge the broker based solely on the no deposit bonus, but on the suitability to your trading goals and preferences.

Top 6 best brokers with no deposit bonus

Here is a closer look at the top brokers we have selected who do offer a no deposit bonus.

Forex brokers offering bonus 2021

As the global forex market is ever-growing, it is also growing the amount of forex bonuses offered to the traders. Therefore, it becomes continuously more and more difficult to make the right choice of the broker to trade with. As a matter of fact, forex bonuses are indispensable in the trading platform of any forex broker, and very often exactly the offered deposit and no deposit bonuses are the critical factor taken into consideration when registering with a new forex broker. The subject of forex bonuses is not simple and easy, and it requires some in-depth knowledge to realize how bonuses are received and effectuated, and whether in this or that case it makes sense to apply for a forex bonus at all. Generally, forex traders consider bonuses as a means to potentially increase the account balance. At the same time, it is essential to understand that trading on forex bonuses is related not only to some advantages, but also to the risky aspects of the currency trading environment. Forex-ratings.Com is pleased to feature the list of brokers recognized for offering the most attractive bonuses in the industry. With us you don’t have to make enormous and low-efficiency search of the really interesting and worthy bonuses. The best market offers have already been selected and summarized, so with the job that we have already done selecting the best bonus offers you only have to make the next step selecting your preferred broker among these chosen few.

Important: trading on forex bonuses, both deposit and no deposit ones, may be risky. The information provided by forex-ratings.Com is provided for educational and reference purposes only.

Read our extended forex guide to find out how to choose the best forex broker 2021.

Start forex trading now! Open forex account with the best forex brokers 2021.

Convert popular currencies

Forex forecasts

Cryptocurrencies trading forecasts

Bitcoin (BTC) slid under $33,000 for the first time in over a week on jan. 21 as selling pressure gathered to drive price action lower. Data from cointelegraph.

The price of bitcoin (BTC) dropped sharply from $37,800 to $35,000 overnight, liquidating $572 million worth of cryptocurrency futures positions. There are three.

The price of ether (ETH), the native cryptocurrency of the ethereum blockchain network, has been soaring since the beginning.

HF affiliates is one of the leading partnership programs in the industry featuring competitive commissions, marketing tools and exceptional support. With the best commission structure and tailor-made products, we can help you achieve your expectations with high revenue share, multi-tier affiliate tracking system, no set-up fees to join and an auto-rebate system.

Bitcoin's price seems to have settled down somewhat following its major rally, and subsequent fall and correction. This has seen the coin now sitting.

Over the past two months the open interest on bitcoin options has held reasonably steady even as the figure increased by 118% to reach $8.4 billion.

Bitcoin's success story continues. After a brief pullback toward the $30K low, the benchmark cryptocurrency is once again aiming for $40K. Over the past 24 hours.

A variety of web terminals and specialized software makes a choice of a trading platform a difficult one for a novice trader. What should be this vital decision based on? To begin with, it is necessary to highlight the main criteria that high-quality software must meet for making money on financial markets.

Top 10 forex platforms 2021

So, let's see, what we have: get access to the best and highest quality regulated brokers for UK traders that will give you the best chance at being succesful. At 2021 forex brokers