There is a huge number of brokerage companies operating in the UK. The important thing, however, is to choose a trusted company with good conditions. Traders Union experts selected the Best Forex Brokers in the UK.

It is important to choose the right broker to be able to trade successfully in the financial markets. The company needs to be reliable and trustworthy, and also offer beneficial conditions, as traders work with their own money and have to minimize the risks. Hundreds of brokerage companies offer their services in the UK, but not all of them are equally reliable or offer the same attractive conditions. Traders Union experts selected the Best Forex Brokers in the UK.

Traders Union Experts Name The Best Forex
Traders Union Experts Name The Best Forex Brokers in UK Pixabay

How do TU analysts select the best brokers?

TU analysts use a tailor-made methodology, which comprises more than 100 criteria, for selecting the best Forex broker in the UK. The key criteria include the following:

  • Forex broker's reliability and license;
  • Trading and non-trading fees;
  • Choice of trading assets;
  • Deposit/withdrawal methods;
  • Quality of the support service;
  • Number of account types;
  • Account currencies, etc.

Also education for beginners, analytical materials and a number of other factors are evaluated.

How to determine broker's reliability?

There are 3 main criteria to be considered when choosing the most reliable brokers, including the following:

  • License. Only companies with the license of the local regulator FCA (Financial Conduct Authority) or EU regulators can operate in the UK.
  • Company's track record. The longer the broker has been in the market, the more trusted it is.
  • Registration information. It is important that the broker is registered in the UK or another reliable jurisdiction.

It is also important to read and analyze reviews and feedback of traders about the broker.

Best Forex Brokers in the UK

Based on the analysis of over 300 brokerage companies, Traders Union experts selected the 30 most reliable brokers. The list includes the following companies:

  • RoboForex
  • Tickmill
  • IC Markets
  • InstaForex
  • Multibank
  • FxPro
  • Admiral Markets UK
  • FxOpen
  • AvaTrade and others.

Traders Union named RoboForex the best broker in the UK. The broker is regulated in Cyprus, the EU. The company offers good trading conditions, copy trading as a passive income option, education for beginners, etc.