The top 7 most popular brokers in the UK
Mobile phone apps today offer convenience to many traders。These trading apps mentioned in this article are some of the hottest forex brokers in the UK right now.。
eToro
Established in 2007, eToro, headquartered in Tel Aviv, Israel, serves over 4 million clients globally in forex and contract for difference (CFD) trading. Its UK office is registered and regulated by the FCA with registration number 583263; additionally, it is regulated by other countries' authorities such as CySEC, ASIC, FINRA, and FSA.
eToro's trading app offers an investment platform across multiple asset classes, providing stock investments with zero commission, and is renowned for its pioneering social trading, boasting 8 million active traders and widespread popularity in the UK.
AvaTrade
Founded in 2006, AvaTrade, headquartered in Ireland, serves over 4 million clients globally in forex and CFD trading. It has offices in countries like Japan, Australia, and South Africa, regulated by institutions like FFAJ, ASIC, and FSCA. In the UK, AvaTrade is regulated by the FCA with registration number 504072.
AvaTrade's app offers a comprehensive MetaTrader trading suite (MT4+ MT5), demo accounts, real-time signals for major forex pairs, trading alerts, and advanced charts. Its app is highly favored in the UK for its user-friendly interface tailored for beginners and tight trading conditions.
Vantage
Vantage Markets, established in 2009, is a reputable broker headquartered in Australia, Vanuatu, the Cayman Islands, and the UK, serving over 4 million clients globally in forex and CFD trading. With over a decade of market experience, Vantage employs over 1,000 staff across 30 offices worldwide, with its main office in Sydney.
In the UK, Vantage is registered with the FCA as Vantage Global Prime LP with registration number 590299. The company address is located at 7 Bell Yard, London, WC2A 2JR.
Vantage's trading app provides access to over 1,000 CFDs, features a $100,000 virtual demo account, and offers in-app advanced technical analysis customization. It is renowned for its fast execution quality.
FxPro
Established in 2006, FxPro has expanded its operations to over 170 countries, serving retail and institutional clients. Headquartered in London, UK, FxPro is regulated by the FCA with registration number 509956, operating under FXPRO UK Limited.
Its trading app offers a range of features such as access to diverse assets, zero commissions, high-quality charting tools and indicators supported by TradingView, and customized 24/5 customer support. This app is highly welcomed in the UK for its fast execution and user-friendly interface.
OANDA
Founded in 1996, OANDA has offices in countries like the USA, UK, and Japan, serving over 4 million clients in forex and CFD trading. In the UK, OANDA is registered with the FCA as Oanda Europe Limited with registration number 542574.
Its trading app offers a range of features including advanced charts, fast execution, and various assets like forex, indices, metals, and commodities, gaining popularity for its user-friendly interface and reliable trade speeds.
Plus500
Established in 2008, Plus500 is a leading broker headquartered in London and listed on the London Stock Exchange, holding an FCA license number 509909. It has offices in major cities like Cyprus, Australia, Israel, South Africa, Singapore, Estonia, and the UAE. By 2021, the broker had accumulated over 20 million clients.
Its trading app offers excellent features such as unlimited demo accounts for practice and powerful reliable trading tools. Due to its user-friendly interface, commission-free accounts, and tight spreads with low trading costs, it is highly favored in the UK.
Trading 212
Trading 212, founded in 2006 and headquartered in the UK, is an FCA-authorized broker with registration number 609146, operating under Trading 212 UK Limited.
Apart from the UK, Trading 212 has subsidiaries in Bulgaria, Cyprus, European regions, and France, offering a beneficial feature called margin interest. Consequently, clients can earn returns on cash not invested in their accounts. Trading 212 sets the interest rate for GBP cash at 5.2%, with clients receiving daily payments and unlimited withdrawals.
The Trading 212 app offers a range of features including over 9,000 CFDs, very tight spreads even during news releases, and easy-to-use technical analysis chart displays supported by TradingView.
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