Finding the Best UK Forex Brokers

Foreign Exchange Trade, widely-known as Forex, is an exciting undertaking and could be highly profitable. The retail forex market is growing fast and there is a large and increasing number of forex brokers who help traders conduct their activity. Choosing your broker is not an easy task, however, and our aim is to help users do that. We have researched and selected the best UK forex brokers and those offering the best deposit bonuses. Some brokers offer tutorials, or other forms of forex trade coaching and education, some hold forex contests and give away prizes, and there are also different trading platforms to consider. Whether you already have some trading experience, or not, it is always better to take advantage of professional guidance and advice and we are here to give you the assistance you need.

* 80.6% of retail CFD accounts lose money.

Why Trade Forex

The very term Foreign Exchange Trade explicitly states what is at its core - buying and selling currencies and making profit from the price differences. Simple as it sounds, it is well-known that forex is a complex ground of economic activity, and is highly risky. There are specifics, which can make you, or break you, depending on the degree of your knowledge and skills. Since you have landed on this page, we assume you have already made up your mind to try your hand at Forex Trading. It is not a big surprise, since the foreign exchange market is unique and has often been referred to as the market closest to the ideal of perfect competition. The daily turnover of Forex is around $5 trillion, and so, considered the largest market in the world, leaving even the New York Stock Exchange far behind with its $22 billion a day. Of course, retail traders trade within certain limits and apparently do not represent a major quota of the Forex Trade market. That, however, is still big enough, especially when we consider that development is a rather recent phenomenon. The increase in the retail segment could be accounted for, in part, by the technological advances that made the brokers' access to the Internet easy and stable. Another factor is the relatively high leverage offered by forex brokers in comparison to the conventional financial markets.

The outcome of forex trading depends on two main factors: the quality of the broker you choose and the regulation they operate under. Many brokers offer large bonuses to attract retail traders, either after you deposit some funds, or even at sign-up. A trader should be very careful with regard to that. Trading with FX brokers that are authorised by Financial Services Authority (Financial Conduct Authority as of April 1st, 2013), even when they don't offer huge incentives, is safe and secure. A lot of FX brokers operate under loose legislation, outside the EEA, especially on the Asian market, and the claims and compensation policies they implicate do not comply with UK standards.

Here, at forexdepositbonus.co.uk, we have put great efforts to find the best Forex brokers on the UK market, and introduce them to you. We have done extensive research, and have checked many FX brokers in terms of trustworthiness, regulation, versatility of their trading options, and last but not least, the amount of bonuses they offer for Forex trading. Our main goal behind this project was to create a comprehensive listing of trusted forex brokers where our visitors may invest and be at ease that their money is being taken good care of.

etoro

Best Social
Trading Platform

Ground-breaking social
trading tools Start trading READ MORE

One of the well-known FX brokers, eToro, offers perhaps the best social trading platform there is. Social trading is all about sharing and learning from your peers. In other words, you witness what other retail traders, like yourself, do and have the chance to follow their trades. You may choose whether to copy a single trade you like, or the trader in general, expecting you would be similarly, if not exactly as successful as they are. eToro believe that social trading is the future of financial investment. That is why they are constantly developing new tools to help master and enhance the possibilities of networking. They offer the Copy Trader, GuruFinder and Copy.me, to mention just a few, through which you may easily find out who the top traders and gurus are. EToro strongly encourage their registered traders to connect to one another, make communities, in which to hold discussions, interact, trade and learn. The Open Book is one great feature at eToro, that has a live feed, and is open to any visitor. You may take a look even before registration and see what is on. Using eToro's social trading features, even beginners may trade like professionals and the way from newbie to pro is dramatically shortened as compared to independent learning. For advanced traders, eToro offer the Social Guru Trader program where they may earn money for people copying their trades. In addition, Social Trading at eToro is already mobile, with plenty of mobile apps that will keep the investor connected anywhere, any time.

ironfx

Best FX Bonus
Amount

Top Forex bonus
amount offers Start trading READ MORE

IronFX is a global leader in FX trade and it has won many awards proving its professional operation. It is registered with the FSA and fully authorised in EEA. IronFX has been selected for our Best FX Bonus category due to the various promotions it offers. For the Year of the Snake, IronFX features a 50% bonus on all deposits and it can go up to $9,000. Both newly-registered and current clients may take advantage of it. Apart from this virtually unbeatable deposit bonus, traders may enjoy the 2015 Cash Rebate Offer and receive up to $3 on every lot they trade. Since loyalty and repeat trade are greatly valued at IronFX, the Deposit &Trade Program has been developed. All traders who meet its requirements, will get free iPhone 4s or iPad. Should you decide to fund your account with at least $5,000, you will qualify for free VPS hosting to leverage the power of MT4. Another notable feature of IronFX is their Refer-a-Friend bonus, which starts from $50. IronFX trades over 200 instruments, including forex, commodities, indices and shares. It offers the tightest spreads, starting from 0 pips and investors may choose their leverage from 1:1 to 1:500. You may trade on fifteen trading platforms: web-based, for PC (both Windows and Mac) and for mobile devices. The MT4 has an advanced and standard version, and the MT5 is also available. For clients trading on the go, a wide range of platforms is also there. MT4 and MT5 are offered for Blackberry, Android, iPhone and iPad, and there are also Mobile and Smartphone versions.

dfmarkets

Best FX Mobile
Platforms

Forex trading on the go
is easy Start trading READ MORE

Delta Financial Markets, known as DF Markets, is an FSA-authorised FX broker offering comprehensive service in financial investment and trading. For traders who like to stay connected to their FX business, DF Markets offers a great variety of mobile trading platforms. They all come free and are useful for trading and account management with virtually all smartphones and tablets. MT4 for iPhones and iPads may be downloaded from the Apple Store, after a trader logs in with an existing account, or by opening a Demo account and choosing DF Markets from the list of FX brokers. Traders working on Android devices will be able to download the MetaTrader 4 from the Google Play store, which used to be Android Market. MetaTrader 4 Mobile is designed for Pocket PCs that run Windows Mobile OS. That is the analogue of the MT4 desktop version and will have the same feel to it. A convenient tool for the active traders on the move, MetaTrader 4 Mobile Smartphone Edition contains all key tools and features, so that you follow your trades close and are able to react promptly. Using the mobile platforms, investors may trade over 70 currency pairs, as well as some commodities. You may see real-time charts, market price overviews and you can also place orders. The mobile platforms support both live and demo accounts, so nothing is lost when you go away from your office or home PC.

* 80.6% of retail CFD accounts lose money.

Things To Consider When Choosing Your FX Broker

There are many things to consider when choosing a forex trade broker. One of the most important is the regulation under which a broker operates. As we mentioned earlier, it is highly recommendable that you should always choose FSA-authorised brokers, for UK and EEA strict regulations with regard to financial investment and trading guarantee full compliance with high standards, excellent complaints and compensation policy and security of your funds. All client funds deposited at duly authorised FX brokers are kept separate from the companies' funds, so that traders may be sure their money is not used for any other purpose.

Start trading with eToro, winner of the Best Forex Social Trading Network 2012 Award!

However, we should also remind all Forex enthusiasts that Forex and CFDs are leveraged products and as such carry a high level of risk to your capital. They may not be suitable for all investors as you may lose more than your initial investment. You have to fully understand the risks involved and seek independent advice if necessary. You should not risk more than you are prepared to lose. Before deciding to trade, please take into account your level of knowledge and experience. Trading with leverage may be a lucrative business, but is often referred to as a 'double-edged sword' or a 'two-way street' for it may work for and against you, depending on the circumstances.