Most Trusted UK Forex Brokers
The global Forex broker industry has been expanding in the market quite fast recently. This trend has been considered as beneficial for traders, because now they have a chance to pick up, to analyze the different trading platforms and to eventually find what really suits their needs. But when it comes to a really huge expansion of the web of all Forex brokers, we should by all means claim that there are countries with bigger contributes about it. It is not a secret to anybody that Forex brokers are very popular according to their nationality, when they are either Cyprus- or UK-based. Indeed, the markets in these countries are very huge and in most cases, traders to make their final selection for a Forex broker according to these two residences. Without underestimating the Cyprus-based brokers, today we will focus your attention at the top Forex brokers in UK. Find out more about UK Forex brokers with us and now! Get ready and let`s get started!
What is the regulation in UK Forex brokers?
When it comes to regulation, brokers in UK are mentioned to be some of the best on the market. This is due to the solid and good regulation UK brokers do have and many traders consider them as the safest and top secured choice for their first steps in trading. But not only beginners, but advanced traders also claim that UK regulation is one of the most trustworthy on the market. Find out more about the regulation in UK Forex brokers now and mainly – what the agencies that are in charge for it are:
- Financial Conduct Authority
Known with the abbreviation FCA, the Financial Conduct Authority is the official regulation body for the UK Forex brokers. This is also the ex-FSA and if you have ever heard, keep in mind that their structures and main work are completely the same. Being the official financial regulator body in UK, FCA works independently from the government in UK, while its funds come from the different fees the financial services industry customers pay. The FCA focuses on retail and wholesale financial services companies. The actions that Financial Conduct Authority put into force can be oriented to both – the customers and the UK Forex brokers. FCA has the duty to give licenses for operating on the Forex market to brokers, as well as to punish any form of violation. The agency also accepts signals from the customers in case they find themselves in a fraud by a broker based in UK. Last, but not least, the main focus of the regulation body is the safety of personal data that traders provide, as well as security for all the financial transactions.
Most Trusted Forex Brokers In The UK 2018
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- European Union
Being an official country member of EU, UK takes the additional safety measures by the Union, as well. So what makes the UK Forex brokers so trustworthy is also the fact that they are basically double protected – from the official FCA in UK and from the European Union. Note that EU has also its own specific procedures for keeping the security in UK Forex brokers, too, and sometimes the Union can even charge the different trading websites in case of giant violations. Still, the main job of EU is to give recommendations to UK Forex brokers!
What to look for in a UK Forex broker?
Ok, the safety is fine, so what is left to you is to find out a UK Forex broker with the best specifications on the market, right? See our suggestions for criteria that can help you make up your mind and point the top Forex broker in UK. These are the important things you need to look for:
- Solid reputation and no scam suspicion about it. Forums and social media are amazing places for getting some information about these two things, when it comes to UK Forex brokers. Read information about different Forex broker and see what`s the most experienced among them.
- Generous bonus system is usually very important for a beginner in the field, but be aware that there are many UK Forex brokers, who artificially increase their ratings by providing cool and too big bonuses at the expenses of other important trading features.
- As to these other important trading features, we strongly recommend you to check out the following things in any of the UK Forex brokers that attract your attention – trading platform, abundance of trading instruments, as well as options like learning center, scalping or using trading signals that will help you advance in the field.
If you look for a decent UK Forex broker, you should not worry what you will eventually find and whether it is going to be a good choice. After all, UK Forex brokers are indeed the best in the field.