Overall support experience was good. In case of Bank transfer City Index takes up to working days. Funding and withdrawing via PayPal can take up to 2 working days. Regulation: City Index is regulated with the FCA as StoneX Financial Limited and their FCA reference number is You can trade safely with City Index. You pay no commission for trading these pairs. Bank transfer takes up to working days. Customer Support: We found an extensive FAQs section. You can find commonly asked questions there.

We also tested the menu-based live chat feature. We received quick responses with no holding time. A forex trading platform begins with regulated brokerage companies. These companies have a system of accepting traders and connecting them to the forex market. A Trading platform is a major way forex brokers let traders access the markets. Once you are registered and your trading account is activated, you can then use the trading platforms to trade forex.

Trading platforms are broadly divided into two — third-party platforms and proprietary platforms. The former is developed by other companies for forex brokers.

On the other hand, proprietary platforms are developed by brokerage companies. They are designed and built by brokerage companies. eToro, FxPro, and City Index are examples of brokers with their own platforms.

Some brokers support both types of trading platforms. However, there are few brokers like XTB who only support their proprietary platforms. Forex trading platforms can be divided into dealing desk and non-dealing desk NDD platforms.

Dealing desk platforms are market makers. They take the opposite sides of your trades. In simple terms, when you buy a currency pair, they are selling it to you and vice-versa. Most dealing desk brokers usually have an in-house price book so they set the price of trading instruments. This does not mean dealing desk brokers should be avoided.

You can review their legal documents to see how they deal with conflicts of interest. NDD brokers, on the other hand, do not take opposite sides of your trades. They have no dealing desk and in-house price book. an NDD broker could be an ECN or STP broker. ECN brokers give direct market access. They connect you directly to buyers and sellers in their market. Finally, there are hybrid brokers that combine the features discussed above.

The important point is to know how they handle conflict of interest. You can ask your forex trading platform for their conflict of interest document to know how they handle it. We considered some criteria when assessing forex trading platforms. To know if a forex trading platform is the best for you, there are certain things you must check and verify.

Here is what you check and how you go about it. The Financial Conduct Authority FCA regulates forex trading platforms in the UK. Do not trade with unregulated forex trading platforms. You could lose all of your money to fraud. Registering with FCA regulated broker would offer you protection as an investor in case the regulated broker goes out of business. Your funds are protected for up to £85, This protection is under the Financial Services Compensation Scheme FSCS.

You will be able to get your money back. Some forex brokers give release this money without charges while some might subtract you an administration fee. Pepperstone is an example of such a broker as shown below:. You will find their regulations clearly stated. You can see the regulation statement is clear with their registration number as Should you stop here? You have to check if it is the same on the FCA website. Scroll down until you arrive at the area shown below.

For Pepperstone, it is Click on search. Your search result should look like this:. The registration number on the two websites match. Once you can confirm this, you know a forex trading platform is regulated and safe.

Furthermore, on regulation, some forex trading platforms only have temporary permission to operate in the UK. This is because they are licensed in another European Economic Area EEA. An example of such a platform is IC Markets. Finally, you should be wary of clone firms. They structure their names to be similar to regulated fore trading platforms. They are fake.

Here is a screenshot of firms that tried to clone FxPro as an example. They are not authorized and are marked as clones. As a trader, always makes sure you do your due diligence on any forex trading platforms.

Never assume. In addition, check the website that is authorized. Never open an account on a website that is not authorized. All are useful for algorithmic via Expert Advisors, cAutomate and copy trading via MetaTrader signals, cCopy and available via the Apple or Play store for Android. MetaTrader 4 and MetaTrader 5 Apps are the most popular trading platforms for all types of traders in the market.

Unlike the trading platform where MT5 has superior features, the features when using mobile are quite similar. One last notable difference is you can trade stocks when using MT5 as it is built for all products regardless if they are using a centralised or decentralised exchange.

Despite MT4 being superior in terms of features, MT4 continues to be the more popular platform. This has an advantage in terms of support given the size of its community. This account means you will get rebates when you trade in sufficiently high volumes. MetaTrader is the most popular Forex trading platform whilst cTrader and TradingView has useful analytical tools and a lower commission of 6 USD per round turn. The Standard account has no commissions with average spreads as low as 0.

The below table highlights Pepperstones average spreads compared with other major brokers. spreads are taken from each broker's website and updated monthly. As can be seen, Pepperstone spreads are among the best of all brokers when it comes to forex trading. Low spreads mean less costs, so should be a major consideration when deciding on a broker.

Tradingview is becoming an increasingly popular charting platform. This platform is a great choice for traders that like technical analysis.

Tradingview will give you access to 12 different chart kinds with each tab allowing up to eight charts. These charts come with over 50 drawing tools and an infinite number of timeframes. The platform also comes with a good deal of flexibility as many of the built-in indicators can be customised. Alternately, Pine script allows you to publish your own indicators — just 2 lines of code allows for hundreds of possibilities. Pepperstone has a great range of third-party platforms to use, suiting all different trading styles and preferences.

You can use both MetaTrader 4 and MetaTrader 5 platforms MT4 and MT5 , as well as cTrader, which allows you to use cTrader Automate, for algorithmic trading. The social trading platforms include the popular Pelican, DupliTrade and the native MetaTrader plugin, MetaTrader Signals. All three have different copy trading capabilities with Pelican being like a Facebook for social trading, DupliTrade for proprietary FX signals for copy trading and MetaTrader Signals to add a social trading aspect to MT4 and MT5.

Another advantage of Pepperstone is only needing one account to trade on multiple trading platforms. This includes Smart Trader Tools which features 28 smart trading apps, as an add-on for MetaTrader accounts. eToro offers its own, in-house trading platform, as a web trader, or as a mobile trading app via iOS and Android should you wish to trade on the go.

Both of these options are super reliable and easy to use, with the mobile app having almost the same trading features as the web trader, which will suit multi-device clients. As eToro is a social trading specialist, it is no surprise to find the app, is designed to help you maximise the knowledge of the eToro trading community. This includes a wealth of copy and social trading features such as CopyTrader and Smart Portfolios discussed in the Desktop platforms section along with social sentiment data.

While the app lacks sophisticated trading tools, advanced charting only 5 types are available or technical indicators, there are still lots of research tools at your disposal with the focus more on a community approach through social trading.

Just note that only funded accounts have access to analyst research. eToro only offers one main account: a Standard Account, which has no commissions and averages at least 1 pip spreads for Forex pairs. There is also a swap-free or Islamic account available that complies with Sharia Law. eToro also offers CopyTrader and Smart Portfolios formerly CopyPortfolios , two copy trading platforms. CopyTrader allows you to copy the trades of experienced investors, which will suit retail investors particularly.

For professional traders, you can also share your own trading strategies and receive exclusive perks. SmartPortfolios is like CopyTrader but for portfolio management. The platform groups traders into single funds for copy trading. This could benefit both self-directed and passive traders looking to diversify or create a portfolio based entirely on one or more CopyPortfolios.

The Next Generation platform features over 12, tradeable instruments, quality research and innovative trading tools, ticking all the boxes for the novice or casual trader. CMC Markets is also a low-cost broker, with measurably lower trading costs compared to the industry, particularly with discounts for active traders.

Combining both complexity and a simple user experience makes the app particularly suited for beginners. Choosing this app gives you access to mobile optimised charts with over 25 technical indicators, and 15 drawing tools. The app also allows you to trade directly through the charts.

In addition to charts, you get a customisable dashboard so you can reposition, resize and remove tiles so you can get your preferred layout. The benefit of being a UK resident is you have two account options: a CFD account and a Spread Betting account. Overall, CMC Markets offers consistently low spreads across the board.

Please be aware that there are some other trading costs including market data fees, holding costs, guaranteed stop-loss charges and a monthly inactivity fee. The platform is fast, reliable, and packed with tools and features. These tools include feature-rich charting, with 80 technical indicators and studies, 40 drawing tools, and 60 easily attachable candlestick patterns.

You can also use MetaTrader 4, which comes with additional tools and software, including FXBlue, where you can analyse and publish your trading results for better feedback and Autochartist, which can identify chart patterns and is great for technical analysis. FXCM also offers a range of advanced trading tools and quality market research for further learning. Offering both Trading Station and MetaTrader 4 MT4 , FXCM delivers a reliable, feature-rich mobile experience for forex traders.

If you are a beginner trader, then the FXCM Trading Station app might be a better choice than MT4. This app is built with simplicity in mind, meaning all aspects of the app is self-explanatory. That said, there is a user guide of 11 chapters also included. There are also 3 chart types on 13 timeframes, 60 indicators and drawing tools available and being able to trade directly from your charts greatly enhances the mobile trading experience.

As a bonus, you can integrate Tradingview with your FXCM Trading Station Account for extra charts and analysis. MetaTrader 4 is one of the oldest and most popular trading platforms in the market. Over the years, more and more features have been added meaning you can be sure the platform will deliver. MT4 as it is commonly called has something for all traders.

Beginners will appreciate the level of customisation and intuitive interface, copy trading via MetaTrader signals and automation via expert advisors. Advanced traders will appreciate the advanced analytics and charting capability. Despite having no commissions, the standard account does have slightly wider spreads than your average broker. Thanks to its combined offering of both Trading Station and MetaTrader 4 MT4 , FXCM delivers a reliable, feature-rich mobile experience for forex traders.

Trading Station in particular has a responsive and modern design, one highlight being a powerful charting package called Marketscope 2. In addition, FXCM offers NinjaTrader, ZuluTrade and a whole range of speciality third-party platforms, which are particularly suited for algorithmic trading.

The FXCM App store also provides various add-ons, technical indicators, and automated trading robots. This includes 17, financial instruments, including forex, indices, shares, futures, options, spot trading, bonds and even interest rates, for great depth and variety of tradeable products.

Currency pairs. Finder score methodology. User survey methodology. Invest now Capital at risk. The offers compared on this page are chosen from a range of products we can track; we don't cover every product on the market Unless we've indicated otherwise, products are shown in no particular order or ranking. The terms "best", "top", "cheap" and variations , aren't product ratings, although we always explain what's great about a product when we highlight it; this is subject to our terms of use.

When making a big financial decision, it's wise to consider getting independent financial advice, and always consider your own financial circumstances when comparing products so you get what's right for you.

Was this content helpful to you? Thank you for your feedback! Zoe Stabler twitter linkedin. Spreadex forex trading Looking to start trading? IQ Option Forex Trading Looking to get into forex trading? AvaTrade review: Features, services, rates and fees Looking to get into trading?

Formax forex trading Looking for a trading platform and partner that you can trust? ETX Capital review If you want to get into the world of trading contracts for difference, ETX Capital has this on offer.

FXTM Forex Trading If you want to invest your time and capital wisely, take a look at what FXTM can offer you in the expanding world of forex trading. Pepperstone Forex Trading Looking to invest?

Ask an Expert. Display Name. Your Email will not be published. Your Question You are about to post a question on finder. com: Do not enter personal information eg. surname, phone number, bank details as your question will be made public finder. com is a financial comparison and information service, not a bank or product provider We cannot provide you with personal advice or recommendations Your answer might already be waiting — check previous questions below to see if yours has already been asked I accept.

Your Question. Ask your question. How likely would you be to recommend finder to a friend or colleague? Very Unlikely Extremely Likely. What is your feedback about? Site speed Content quality Ease of use Ease of finding information Site appearance Other Required. Please tell us how we can improve Required. E-mail address — optional. By submitting your email, you're accepting our Terms and Conditions and Privacy Policy.

Thank you for your feedback.

UK traders can trade forex through FCA-regulated brokers. These brokers offer MT4, MT5, and cTrader trading platforms. They might also offer their own proprietary trading platform. The Financial Conduct Authority FCA regulates Forex trading platforms in the UK. Only FCA-regulated forex trading platforms are safe for you. Do not trade with an unregulated forex trading platform. It is not safe and you can lose all of your money.

Their FCA reference number is We consider Pepperstone low risk. You are also charged a £4. Their fees on Nasdaq and Gold are shown in the table below. Available platforms: Pepperstone offers MetaTrader 4, MetaTrader 5, and cTrader platforms.

The three platforms are available on the desktop and the web. They are also available as mobile apps on the Apple app store and Google play store.

In addition, there is also TradigView with advanced technical and drawing tools. Pepperstone also offer Social Trading. They have a trading platform for that as well. It is called DupliTrade. Deposits reflect in your account immediately for card transactions and PayPal.

Bank transfer deposits take up to three business days. Withdrawals take business days before they reflect in your bank account. The email response was okay, arriving after two hours. Overall customer support is good. The cTrader app works on both Android and iOS systems. Regulation: IC Markets are licensed in another European Economic Area. However, they have temporary permission to operate in the UK as IC Markets EU Ltd. Their FCA license number is and they are considered low risk.

Update: At the time of this writing, IC Markets have applied to cancel their temporary FCA regulation. This is according to the information on the FCA website. You pay a round-turn commission of £5. Available platforms: IC Markets offer MetaTrader 4 and Metatrader 5.

The MetaTrader platforms are available as mobile, web, and desktop. cTrader is also available and it supports algorithm trading. Deposit transactions are instant.

Withdrawals can take up to business days to reflect in your account. Customer Support: We had the best customer support experience with live chat. There is a chatbot with a menu-based response that is programmed to answer common questions. We also had a chat with their live chat agent and there were three minutes of holding time. Once connected their chat support was okay. Regulation: eToro FCA reference number is eToro is considered a safe platform for trading CFD because they are regulated.

There is no commission. Available platforms: eToro offer their own proprietary trading platform. It is also available as a mobile app on the app store and Google play store.

eToro is known for social or copy trading. So they have a good trading platform for it. The name of the platform is CopyTrader. The shortest way to deposit is PayPal because transactions are completed in 2 business days. Bank transfers and credit card transactions take up to 10 business days.

You cannot connect to their live chat if you are not a customer. We were able to test their live chat and got a response after five minutes. You can also reach eToro via email. We got no response when we reached them through email.

The customer support experience is moderately good. FXCM Trading Station and MetaTrader platforms are available as mobile apps and desktop versions.

The Metatrader platform is also available as a web trading platform. Regulation: FXCM is regulated with the FCA as Forex Capital Markets Limited.

Their license number is FXCM do not charge commissions. Available Platforms: FXCM has multiple trading platforms compared to other brokers. Metatrader 4, NinjaTrader, Tradingview, and Trading Station. Customer Support: We contacted FXCM through email and WhatsApp. The experience was good with instant responses on WhatsApp. FXCM responded to our mail after an hour. Regulation: FxPro are regulated with the FCA as FXPRO UK Limited.

Their reference number is You do not pay any commission on MT4 and MT5 trading platforms. Available Platforms: FxPro supports MT4, MT5, and cTrader trading platforms. They also offer their FxPro trading platform.

All four are available as mobile apps iOS and Google Play and web traders. Only MT4, MT5, and cTrader platforms are available on desktops. Bank transfer and broker-to-broker depend on the banks involved. Customer Support: We received a response via their live chat feature in one minute. We also tested their email support and received a response after four minutes.

Overall support experience was good. In case of Bank transfer City Index takes up to working days. Funding and withdrawing via PayPal can take up to 2 working days. Regulation: City Index is regulated with the FCA as StoneX Financial Limited and their FCA reference number is You can trade safely with City Index. You pay no commission for trading these pairs. Bank transfer takes up to working days. Customer Support: We found an extensive FAQs section.

You can find commonly asked questions there. We also tested the menu-based live chat feature. We received quick responses with no holding time. A forex trading platform begins with regulated brokerage companies.

These companies have a system of accepting traders and connecting them to the forex market. A Trading platform is a major way forex brokers let traders access the markets. Once you are registered and your trading account is activated, you can then use the trading platforms to trade forex.

Trading platforms are broadly divided into two — third-party platforms and proprietary platforms. The former is developed by other companies for forex brokers.

On the other hand, proprietary platforms are developed by brokerage companies. They are designed and built by brokerage companies. eToro, FxPro, and City Index are examples of brokers with their own platforms.

Some brokers support both types of trading platforms. However, there are few brokers like XTB who only support their proprietary platforms. Forex trading platforms can be divided into dealing desk and non-dealing desk NDD platforms.

Dealing desk platforms are market makers. They take the opposite sides of your trades.

They are regulated by the FCA, MiFID, ASIC and CySEC. Select Language. Individuals who want to trade with the largest foreign exchange broker and have the choice of forex platform with the ability to switch should consider IG. They are not authorized and are marked as clones. Please tell us how we can improve Required. The social trading platforms include the popular Pelican, DupliTrade and the native MetaTrader plugin, MetaTrader Signals. Where MetaTrader 5 has the advantage is that it is built for centralised trading meaning it can also offer Share trading.

Categories:

• Forex
• Forex Bitcoin
• Binary Options
• Binary Options online
• Forex Brokers