The event put the spotlight on forex brokers and their regulation, especially in the United Kingdom. In this article, we'll review the leading forex brokers in the United Kingdom and the basics of how they are regulated. The size and deep liquidity of the forex market , along with hour trading 5 days a week, make it an appealing choice for traders. For a step-by-step guide on everything you need to know on currency exchange see Forex Walkthrough.
However, unlike stocks and commodities, forex trading has no central exchange or clearing house. The lack of transparency in the FX market has left it vulnerable to numerous instances of malpractice and manipulation.
FCA-regulated forex brokers must adhere to a number of industry standards. Of particular importance is the FCA requirement that firms keep client funds separate from company funds. These segregated deposits cannot be used as company assets if the brokerage firm becomes insolvent. Totally unexpected events, sometime referred to as black swan events, can happen at any time and cause chaos.
The financial markets were thrown into turmoil by the Swiss decision and a number of forex brokers suffered severe losses with some going bankrupt. Dictionary Term Of The Day. A conflict of interest inherent in any relationship where one party is expected to Broker Reviews Find the best broker for your trading or investing needs See Reviews. Sophisticated content for financial advisors around investment strategies, industry trends, and advisor education.
A celebration of the most influential advisors and their contributions to critical conversations on finance. Become a day trader. The Canadian-based foreign exchange company offers competitive spreads, as low as 1.
Along with their own fxTrade platform launched in , Oanda offers MetaTrader 4. The MetaTrader 4 platform is available with added tools and features. The firm offers trading in a wide variety of currencies including the Chinese yuan. MetaTrader 4 and cTrader trading platforms are available.
Founded in as a spread betting business under the name IG Index. The proprietary VT Trader platform offered by CMS Forex allows you to trade directly from the chart and provides multiple technical indicators. Established in , ActiveTrades offers forex trading in mini and micro lots, a diverse product offering, and competitive spreads.
In business for 30 years, HY Markets provides multiple trading platforms and a wide variety of trading instruments. HY Markets a division of the Henyep Group, a global conglomerate with a presence in 20 countries. No thanks, I prefer not making money. Get Free Newsletters Newsletters.More...