The Forex Brokers in the UK.

Sometimes size and experience matters, especially when it comes to choosing a forex broker that will meet your needs. London has been a financial center for centuries, and this includes the world of foreign exchange. Early in the last century, when telex machines were used to communicate cross-border settlement information, the British Pound was the world’s reserve currency. Settlements were made over “cable”, as it were, and the nickname of “cable” soon came to mean the Pound Sterling. London also became the center for these exchanges and remains the largest center today. Nearly 37% or $1.5 trillion in volume are transacted daily in forex securities out of London, compared to 18% in New York and 6% in Tokyo. # Broker Features Bonus Platforms Next Step No US Clients No Specified Time Period on Demo Accounts Easy Trading Platform Ideal for New Traders Multi Asset Trading Platform No Telephone Support More Information $25 Bonus No Deposit Required Plus500 Open Live Open Demo Read Review 2 No US Clients Stop-loss Guarantee Keep Demo Wins for Live Trading Multi Level Accounts Relatively new brokerage More Information $2,500 Max FTD Bonus MetaTrader4 Open Live Open Demo Read Review 3 No US Clients $5 Minimum Deposit Personal Account Managers Free Weekly Live Interactive Webinars More Information 30% Bonus on all deposits up to $10,000 MT4 Terminal, MT4 for Mac, Web Trader, iPhone/iPad Trader, Droid Trader, Mobile Trader, Mirror Trader Open Live Open Demo Read Review 4 No US Clients Four Account Options Superior and Live Customer Support Excellent Training Materials More Information 30% Max FTD Bonus MetaTrader4 Open Live Open Demo Read Review 5 No US Clients Great for non experienced traders Tools for new traders Stop-loss orders Not the best for Advanced Traders More Information $50 Minimum Deposit OpenBook Open Live Open Demo Read Review Want to be featured in this broker list? Send an email to: brokers[@]forextraders.com Due to this extensive history, forex in the U.K. is at a more advanced stage in comparison to many other Western nations. It is no surprise that many forex brokers have chosen to set up shop here in order to take advantage of the prestige of a `forex broker for Brits`. Apart from the added safety of trading through a Financial Services Authority (F.S.A) regulated firm, with a British forex broker U.K. traders can take advantage of strategies such as hedging, and employ higher leverage than what is possible in the United States. Recent legislation may actually restrict U.S. traders in this regard. Since London is the largest forex trading market and has attracted more than its share of professionals in this arena, it is wise to choose a broker, if the laws permit, from this locale. Benefits abound in three key areas: Safety and Security: Forex is still at a youthful stage in its development, and there is hardly a trader who has not somehow heard about fraud and scandals in the business. Be that as it may, a U.K. forex broker is one of the best bets in the market when the concern is security. The F.S.A. requires that client assets be separated from the assets of the company, which means that in the case of fraud or bankruptcy, your account will be immune to the claims of creditors. You may not know, but in many other jurisdictions, the opposite is the case. Transaction Cost: Since pricing in the brokerage business is often driven by scale, large brokers can afford to give the tightest spreads around, but do not be guided by price spreads alone. Small brokers tend to offer unbelievable spreads, but make up for it with other fees, poor execution, and “slippage”, the difference between the expected price of a trade, and the actual price of the executed trade. Execution: Execution and pricing go hand-in-hand when it comes to evaluating a forex broker. A demo system may acquaint you with your broker’s software platform, but the execution here is not under real market conditions. Check reviews and with other traders to guide your choice. In London, however, you can expect the “best of breed” to be present at the larger and more established firms, where size and reputation make a true difference. Safety and security, low trading costs, and efficient execution are just a few of the benefits that a U.K. forex broker can bring to the table. Flexibility and customer service also excel in the U.K., and deposits and withdrawals tend to be much easier to transact. Since the financial community in Britain takes a great deal of pride in its position in the world, it is hard to go wrong when choosing one of them to be your “unseen” business partner. No sense losing sleep at night worrying about your account with some small firm in a distant tax haven. Choosing among the many firms in the retail forex trading business can be a difficult task nowadays. To make your job easier, we have compiled a selection of some of the outstanding offers in the market above. Stay with the regulated brokers - to discover what your best options among them are, be sure to check out our forex broker ratings above!