Choose the best UK forex broker
UK and more specifically London have a unique position in the forex market. London is considered the financial centre of the world and is at par with New York in every respect. When it comes to forex trading, you can even say that London is the hub. Trading in London accounts for over 35% of the total daily forex market turnover of $4T, making London by far the most important global center for foreign exchange trading. In second and third places, respectively, trading in New York City accounted for 17.9%, and Tokyo accounted for 6.2%.
Online forex trading is still quite new and there are scams you want to avoid. FSA regulated brokers are among the safest to deal with because F.S.A. requires that client assets be separated from the assets of the company. So in the case of fraud or bankruptcy, your account will be immune to the claims of creditors. Moreover, through a British forex broker UK traders can take advantage of forex strategies such as hedging, and higher leverage than what is allowed in the United States.
List of top UK forex brokers
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Regulator: FSA Leverage: 200:1 Min. Deposit: $100 Spread: 1.5 pips* |
$2,000 Max. First Deposit Bonus |
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Regulator: FSA Leverage: 400:1 Min. Deposit: $100 Spread: 3 pips |
$1,200 Max. First Deposit Bonus |
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Regulator: NFA Leverage: 50:1 Min. Deposit: $250 Spread: 1.6 pips* |
$250 Min. Deposit Via Our Site |
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Regulator: NFA Leverage: 50:1 Min. Deposit: $300 Spread: 1 pip* |
$300 Min. Deposit Via Our Site |
The Financial Services Authority (FSA) regulates the forex brokers in UK. The Financial Services Authority (FSA) is an independent non-governmental body, given statutory powers by the Financial Services and Markets Act 2000. Given below are the statutory objectives that FSA must fulfill
For more details visit Financial Services Authority (FSA) website.
There are many factors that affect exchange rates of currencies. However some are more important in currency trading than others. These are; Interest and Inflation rates, Trade balance, Currency market speculation, Foreign investment and Central bank market intervention. Learn how to use these factors in your forex tra ...