To help select a good beginner forex broker in the UK, our team has compared the top CFD providers based on trading fees, customer support, trade speeds and the best forex trading platforms suitable for UK beginner forex traders.
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The best forex trading platforms in the UK for beginner traders are the following.
| Broker | Our Rating | Regulation | Standard EUR/USD Spread |
Standard GBP/USD Spread |
Standard AUD/USD Spread |
Raw EUR/USD Spread |
Raw GBP/USD Spread |
Raw AUD/USD Spread |
Commissions (USD Base) |
MetaTrader 4 | MetaTrader 5 | cTrader | Execution Speed | Minimum Deposit | Currency Pairs | Crypto CFDs | Retail Leverage | Prof. Leverage | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
9.33 |
SCG, ASIC FCA, CySEC |
1.12 | 1.69 | 1.22 | 0.1 | 0.6 | 0.3 | $3.50 |
|
|
|
77ms | $0 | 62+ | 12+ | 30:1 | 500:1 |
|
|
7.17 |
ASIC, CySEC, MFSA FCA, FSA, FINRA GFSC |
1.0 | 2.0 | 1.0 | - | - | - | - |
|
|
|
130ms | $200 (Australia), $50-$100 (EU) | 49+ | 46+ | 30:1 | 400:1 |
|
|
5.83 |
ASIC, CySEC, MAS FCA, FMA, DFSA EFSA, FSA, FSCA |
1.70 | 2.3 | 1.4 | - | - | - | - |
|
|
|
140ms | $100 | 71+ | 15+ | 30:1 | 300:1 |
|
|
7.93 |
ASIC, FSCA FCA, CIRO AMF, ISA, CySEC |
1.3 | 1.4 | 1.7 | 0.30 | 0.90 | 0.40 | $3.00 |
|
|
|
150ms | $300 | 42+ | 7+ | 30:1 | 500:1 |
|
|
7.17 |
ASIC, MAS, FCA CIRO, FMA, BaFin |
1.12 | 1.30 | 1.64 | 0.5 | 0.9 | 0.6 | $2.50 |
|
|
|
138ms | $0 | 338+ | 19+ | 30:1 | 500:1 |
|
|
5.42 |
FCA, DFSA, CySEC BaFin, CMNV, KNF |
0.9 | 1.4 | 1.3 | 0.9 | 0.14 | 0.13 | - |
|
|
|
160ms | $250 | 49+ | 16+ | 30:1 | 500:1 |
|
|
7.46 |
FCA, FSCA CySEC, SCB, FSCM |
1.32 | 1.7 | 1.95 | 0.32 | 0.37 | 0.51 | $3.50 |
|
|
|
151ms | $0 | 69+ | 30+ | 30:1 | 200:1 |
|
Our team created the best forex brokers UK list for general traders in the United Kingdom, but what about those new to trading? For beginner forex traders, we re-weighted some criteria, such as ease-of-use of the trading platforms offered, the broker’s demo account features, education, and customer service levels provided. We’ve narrowed down our choices to the following list of brokers.
Forex Panel Score
Average Spread
EUR/USD = 0.6
GBP/USD = 0.9
AUD/USD = 0.7
Trading Platforms
MT4, TradingView,
Oanda Web (fxTrade)
Minimum Deposit
$0
Why We Recommend OANDA
We highly recommend OANDA as a top choice for beginner traders in the UK. Having personally utilised their services, we can vouch for their robust regulation by esteemed authorities like the MAS, ASIC, and, notably, the FCA. Newcomers will appreciate the comprehensive charting and trading tools available on their MetaTrader 4 platform. Furthermore, the ability to craft automated trading strategies is a significant advantage for those starting their trading journey.
Pros & Cons
Broker Details
OANDA’s proprietary trading platform, Oanda Trade, allows investors to trade CFDs derived from asset classes such as indices, commodities, and bonds in addition to forex.
The web trader platform is easy to use and provides analysis tools, including 100+ drawing tools and technical indicators. To supplement any technical analysis conducted, you can keep updated with real-time forex industry news on the web-based platform.
An advantage beginner traders gain when using OANDA trade is that they can manually set leverage when trading CFDs. Many of the best brokers do not allow leverage to be changed or reduced from the maximum available, increasing the high risk of forex trading. For instance, OANDA customers new to forex trading may be offered 30:1 leverage under ASIC regulation yet choose to place an order with 5:1 leverage to reduce the high risk and exposure. Some brokers like AvaTrade also allow spreads to be fixed, giving certainty to brokerage fees.
OANDA has regulatory approval in Australia by ASIC and in many other regions, such as in the United States by the US Commodity Futures Trading Commission (CFTC). This is one of the hardest regulators to get approval by, with only a few brokers like Interactive Brokers being US regulated.
Forex Panel Score
Average Spread
EUR/USD = 1.12
GBP/USD = 1.69
AUD/USD = 1.22
Trading Platforms
MT4, MT5, cTrader, TradingView, Capitalise.ai
Minimum Deposit
$0
Why We Recommend Pepperstone
We can confidently attest to Pepperstone’s exceptional trading platforms, competitive spreads, and minimal commission costs. Regulated by the FCA, they ensure a trustworthy trading experience. Platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, and Capitalise.ai provide comprehensive tools and broad market access. Their superior customer service further sets them apart in supporting newcomers in their forex journey.
Pros & Cons
Broker Details
Pepperstone is regulated by the Financial Conduct Authority (FCA) in the UK and is one of the best brokers in the world, thanks to its top trading platforms, tight spreads, low commission fees, and excellent customer support. You can trade CFDs and forex using MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TadingView and Capitalise.ai, with each platform providing extensive tools and market access.
cTrader is a popular platform but is better suited if you are an experienced trader. At the same time, MT4 and MT5 are ideal trading platforms for all experience levels, including beginners, with easy-to-use trading tools for analysis and automation.
Beginner Traders can benefit from the following MetaTrader 4 and 5 features:
Automated Trading Tools:
There are two main approaches to automating your trading. Social-copy trading software is account mirroring software that allows you to copy the trading strategies of experienced traders, rather than develop your own.
The second option is algorithmic trading, where you use trading robots known as Expert Advisors to monitor markets and enter or exit trades according to your algorithm’s pre-set parameters.
Social-Copy Trading
Algorithmic Trading
Trading Account Types
Pepperstone is a no-dealing desk (NDD) broker offering an institutional-grade trading environment with low spreads and fees.
As a Pepperstone client, you can choose between two main trading account types – either a Raw or Standard Account. The best account type that suits you depends on whether you prefer tighter spreads while paying flat-rate commission fees or wider spreads with no commission fees.
Razor vs Standard Account Types
When trading forex with Pepperstone, the critical difference between a Razor and Standard account type is the spreads and commission fees.
If you are a beginner trader, you may prefer a standard account type. The compensation for Pepperstone’s services is included in the spreads, allowing for a simple pricing structure.
If you are an experienced trader, Pepperstone’s Razor account offers an environment ideal for scalping, day trading and expert advisor strategies. With the Razor account, you can trade ultra-low spreads while paying flat-rate commission fees.
Low Spreads + Commission: Razor Account Type
A Razor account gives you access to low spreads on various currency pairs. As spreads are so tight, you pay a flat rate commission fee per side of each trade per 100,000 traded.
Pepperstone offers tighter spreads than many other leading brokers for a range of currency pairs, including EUR/USD, EUR/JPY and AUD/USD forex pairs. While some brokers may have better spreads for certain FX pairs, Pepperstone offers the best value across the board.
|
Commission Spreads
|
|||||
|---|---|---|---|---|---|
|
0.12 | 0.22 | 0.40 | 0.43 | 0.50 |
|
0.10 | 0.50 | 0.60 | 0.80 | 1.10 |
|
0.20 | 0.20 | 0.40 | N/A | 0.30 |
|
0.20 | 0.40 | 0.50 | 0.70 | 0.70 |
|
0.30 | 0.50 | 0.50 | 0.50 | 0.60 |
|
0.44 | 0.42 | 0.40 | 0.30 | 0.83 |
|
n/a | 0.50 | 0.60 | 0.40 | 0.30 |
|
0.17 | 0.30 | 0.54 | 0.68 | N/A |
|
0.44 | 1.23 | 1.13 | 1.23 | 1.41 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 01/09/2023
Commission-Free Spreads: Standard Account Type
You can trade spreads inclusive of commission fees as a Standard Account holder. Pepperstone’s no-commission spreads for the EUR/JPY, GBP/USD and USD/CAD are the most competitive compared to other top brokers. While Pepperstone offers 1.34 pips for the EUR/JPY FX pair spreads, Forex.com spreads are nearly double, averaging 2.40 pips.
The EUR/USD and EUR/GBP currency pairs are close to brokers like Saxo Bank, with spreads being wider by just 0.01-0.05 pips.
|
No Commission Spreads
|
|||||
|---|---|---|---|---|---|
|
|
1.12 | 1.22 | 1.40 | 2.10 | 1.50 |
|
1.20 | 1.80 | 1.90 | 2.30 | 2.30 |
|
1.20 | 1.30 | 1.50 | 1.70 | 1.20 |
|
1.20 | 1.40 | 1.50 | 2.80 | 2.60 |
|
1.70 | 1.60 | 1.70 | 2.50 | 2.70 |
|
1.20 | 0.90 | 1.50 | 2.20 | 1.70 |
|
1.30 | 1.70 | 2.10 | 1.70 | 2.10 |
|
1.32 | 1.95 | 1.37 | 1.87 | 1.73 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 01/09/2023
Order Execution Speeds
When placing orders with Pepperstone, the online broker offers fast execution speed. As a no-dealing desk broker, Pepperstone quickly matches orders with liquidity providers. Thus, allowing orders to be filled faster than most competing brokers.
Limit Orders allow you to buy or sell forex and CFDs at a specified price or better. This order type includes buy stop, sell stop, buy limit and sell limit orders. Pepperstone’s limit order execution speed lags just behind FP Markets and ties with Axi, making them one of the best brokers for fast orders.
Pepperstone also offers fast execution for orders that are placed at the current market price, known as Market Orders.
Starting to Trade Forex
After signing up for a Razor or Standard account type and choosing a trading platform, you will select a base currency and make an initial minimum deposit to start trading.
With such a simple registration process, Pepperstone is one of the best brokers if you are a beginner trader. Pepperstone’s award-winning customer service team is available 24/5 via live chat, email or phone if you need customer support.
A demo account is available with Pepperstone on MetaTrader 4 and 5, a valuable tool for traders with experience and beginner traders. Demo accounts are a great risk management tool. You can practice trading strategies with virtual funds risk-free in real-time market conditions.
If you are new to trading, demos can help you familiarise yourself with different forex trading concepts and the MT4 and MT5 trading platforms.
Forex Panel Score
Average Spread
EUR/USD = 1.0
GBP/USD = 2.0
AUD/USD = 1.0
Trading Platforms
eToro Trading Platform
Minimum Deposit
$200
Why We Recommend eToro
Drawing from our experience, it’s evident why eToro is the world’s leading social trading platform, boasting an intuitive interface and top-notch account mirroring services. Their credibility is further solidified by being regulated by renowned bodies like the FCA, CySEC, and ASIC. Rest assured, with eToro, you’re engaging with a reputable CFD broker.
Pros & Cons
Broker Details
eToro is the largest social trading network worldwide, famous for its user-friendly trading platform and account mirroring services. With regulation by the Financial Conduct Authority (FCA, UK), Cyprus Securities Exchange Commission (CySEC, Cyprus) and the Australian Securities and Investments Commission (ASIC), you have the assurance you need that you are trading CFDs with a trusted broker.
Social Trading
eToro’s social-copy trading platform is well-known for its simplistic platform design and easy-to-use trading tools. You can enjoy many benefits if you are a beginner trader. First, you gain access to a vast trading community with millions of traders from over 140 countries. Second, eToro offers account mirroring services where you can copy the trading strategies of successful investors with proven track records. Known as Popular Investors, experienced traders receive bonuses for profitable strategies, providing incentivises for successful trades.
To find suitable Popular Investors, you can search for trading strategies that match your risk level, markets and location. You can copy strategies surrounding a range of CFDs, with forex, commodities and Share CFDs available. The social trading platform offers a real-time newsfeed function to stay updated with market changes. It shows an analysis conducted by Popular Investors you follow.
As a beginner trader, you may want a well-diversified portfolio to start. eToro’s CopyPortfolios are an excellent option, with two different portfolio types available:
*Your capital is at risk ‘68% of retail CFD accounts lose money’
Forex Panel Score
Average Spread
EUR/USD = 1.70
GBP/USD = 2.3
AUD/USD = 1.4
Trading Platforms
Plus500 Trading Platform
Minimum Deposit
$100
Why We Recommend Plus500
Having tested their custom trading platform ourselves, we found Plus500 exceptionally user-friendly, perfect for those keen to navigate the forex markets. Whether you’re using their online trader platform or mobile app, the experience is seamless. Notably, Plus500 provides diverse order types to manage CFD trading risks effectively.
Pros & Cons
Broker Details
If you want to familiarise yourself with forex markets via a user-friendly interface, Plus500’s proprietary trading platform is an excellent choice. Plus500’s platform is available as a web trader platform or mobile trading app (compatible with iOS and Android devices). Our testing found that the broker has the best forex trading app in UK with a range of order types available to manage CFD trading risk.
Risk Management: Order Types
Besides signing up with a trusted regulated broker, you can reduce the high risk of CFD trading by utilising the broker’s trading platform’s risk management tools, such as order types.
FCA Regulated Broker
Plus500 is a regulated broker overseen by the Financial Conduct Authority (FCA) in the UK and other financial authorities worldwide. On top of FCA regulation, Plus500’s listed on the London Stock Exchange. Being a publicly listed company increases transparency by requiring the broker to disclose financial information frequently. As a customer of Pluss500’s UK subsidiary, you receive various forms of investor protection to help you manage the high risk of forex trading.
While Plus500 also offers brokerage services in Australia (ASIC), NZ (FMA), Singapore (MAS), South Africa (FSCA) and Israel (ISA), if you register with these subsidiaries, you will not receive the same strict investor protection in UK traders receive, except for segregated client funds.
View Plus500 ReviewVisit Plus500
*Your capital is at risk ‘72% of retail CFD accounts lose money’
Forex Panel Score
Average Spread
EUR/USD = 0.9
GBP/USD = 1.4
AUD/USD = 1.3
Trading Platforms
MT4, xStation 5
Minimum Deposit
$0
Why We Recommend XTB
We found the flexibility to choose between a no-commission standard account and a pro account with competitive spreads and a straightforward commission per lot quite advantageous. With XTB, traders can delve into over 3,000 financial markets. Their proprietary trading platform, xStation 5, accessible via desktop, web, or mobile apps, offers a seamless trading experience. This broker simplifies the journey for those new to forex trading in the UK.
Pros & Cons
Broker Details
XTB is an FCA-regulated broker that offers you a choice of either a standard account type with no commission or a pro account with low spreads with a flat-rate commission for each lot you trade. When trading CFDs via xStation, the broker’s proprietary trading platform, over 3,000 financial markets are available using desktop, web or mobile apps.
The mobile trading app is suitable for beginner traders as it provides an easy-to-use and modern design. There are also comprehensive trading tools, including interactive charts and technical indicators. XTB mobile app features include:
When trading on the go, you can manage the high risk of CFD trading by utilising different order types. These include market orders, limit orders and stop-loss orders. You can also set up various customisable alerts and notifications to stay updated with market news and trading opportunities.
You can view the best forex broker for beginner traders to compare XTB to other leading providers.
Forex Panel Score
Average Spread
EUR/USD = 1.3
GBP/USD = 1.4
AUD/USD = 1.7
Trading Platforms
MT4, TradingView, Trading Station, Capitalise.ai
Minimum Deposit
$50
Why We Recommend FXCM
We recommend FXCM for those just starting in the UK’s market for its standout social trading features. Unlike the complex world of algorithmic trading with Expert Advisors and cBots, FXCM’s social-copy trading systems allow you to effortlessly automate trading by mimicking seasoned investors. Platforms such as ZuluTrade enable you to follow trade signals while immersing yourself in a vibrant social trading community.
Pros & Cons
Broker Details
FXCM is a top UK forex broker popular for its social trading tools. While automating trading via algorithms (i.e. Expert Advisors and cBots) may be too complex if you are a beginner trader, social trading is a simple way for you to automate CFD and forex trading.
Social-copy trading services allow you to fully automate trading by mirroring the strategies of other traders. Account mirroring services such as ZuluTrade will enable you to follow trading signals developed by experienced investors while engaging in a social trading community.
FXCM provides ZuluTrade as a platform option where you can easily find and copy trading signals, reducing the time you spend developing strategies and implementing trades. Social trading platforms such as ZuluTrade benefit those new to trading as it removes human emotion from the process. Additionally, the inbuilt risk management features such as the ‘Margin Call Meter’ helps you manage your trading accounts and minimise potential losses.
Compared to MetaTrader and cTrader platforms, the social trading platform may need more technical analysis tools. Yet, you do not need advanced analysis tools as trading is fully automated.
FXCM recommends opening a ZuluTrade demo account before trading with real money. Once you are comfortable with the social traders tool, you can open a live ZuluTrade account by contacting FXCM’s customer support and completing the necessary paperwork.
*Your capital is at risk ‘67% of retail CFD accounts lose money’
Forex Panel Score
Average Spread
EUR/USD = 1.12
GBP/USD = 1.3
AUD/USD = 1.64
Trading Platforms
MT4, CMC NGEN
Minimum Deposit
$0
Why We Recommend CMC Markets
We highly recommend the Next Generation platform, exclusive to CMC Markets, for those new to trading in the UK. Drawing from our own use, it offers expansive access to various asset classes, complete with comprehensive trading tools and educational resources. The platform’s flexibility in allowing traders to switch between a regular or advanced view means beginners can opt for a more simplified interface, making their initial trading steps more manageable.
Pros & Cons
Broker Details
As a beginner, you might initially prefer an online trader platform to avoid downloading and installing a desktop trading platform. CMC Markets’ proprietary web trading platform, Next Generation, offers comprehensive trading tools and educational resources to develop trading strategies while providing market access to various asset classes.
The web-based platform lets you choose either a standard or advanced view, allowing beginner traders to opt for a simplified interface when starting. If you are new to forex trading, you can benefit from the extensive trading tools and platform features, such as:
If you are using the online brokers Next Generation platform, you can access foreign exchange markets as well as the following CFD products:
To supplement CMC Markets’ impressive market access and Next Generation platform, you can learn about risk management, trading strategies and unique platform feature with the broker’s library of educational resources.
CMC Markets’ award-winning educational resources consist of webinars, e-books, videos, articles and trading courses designed for beginner, intermediate and experienced traders. Topics discussed include forex and CFD trading, technical indicators, fundamental analysis, and trading platforms.
CMC Markets is regulated by top-tier financial markets authorities such as the FCA (Financial Conduct Authority, UK), BaFin (Germany), ASIC (Australian Securities and Investments Commission), and the CFTC (Commodities and Futures Trading Commission, US).
Forex Panel Score
Average Spread
EUR/USD = 1.32
GBP/USD = 1.7
AUD/USD = 1.95
Trading Platforms
MT4,MT5, cTrader,
FxPro Trading Platform
Minimum Deposit
$100
Why We Recommend FxPro
We’ve spent time on FxPro and recommend it for beginner traders in the UK. With FxPro, you get the cTrader forex trading software, either via the WebTrader platform or their efficient mobile app, available for iOS and Android. Especially enticing for those keen on tight spreads and rapid execution, cTrader offers spreads on sought-after pairs like the EUR/USD, hitting lows of 0.0 pips. Remember that there’s a flat commission fee, a fair trade for the top-notch services FxPro delivers.
Pros & Cons
Broker Details
cTrader is a popular forex trading platform offered by FxPro. You can use a WebTrader platform or mobile trading app (iOS and Android) to access the trading software.
Mimicking a professional FX trading environment, cTrader is suited to traders wanting low spreads and ultra-fast execution. Spreads are as low as 0.0 pips on major currency pairs such as the EUR/USD, so you pay a flat rate commission fee to compensate FxPro for their brokerage services.
Commission fees depend on the volume traded, $45 charged per million traded and $4.5 per 100k. To assist customers with calculating commission fees for different trade sizes, base currencies and currency pairs, the FX broker provides a commission calculator on its website.
In addition to major, minor, and exotic FX pairs, cTrader users can build diversified trading strategies using other asset classes like indices, energies and metals.
Trading Conditions and Tools
FxPro cTrader customers benefit from the following trading features and tools:
In terms of risk management, you can use a range of order types to mitigate losses. Besides standard market orders, the following order types are available to manage the high risk of forex trading:
cTrader VIP Account Type
For traders wanting even tighter spreads and lower commission fees, you can sign up for the broker’s VIP account type. To qualify as a VIP, you need to deposit an amount of $50,000 into your trading account. After you make the required minimum deposit, a FxPro account manager will reach out to process a VIP account application.
*Your capital is at risk ‘78.87% of retail CFD accounts lose money’
Forex Panel Score
Average Spread
EUR/USD = 0.7
GBP/USD = 1.1
AUD/USD = 2.2
Trading Platforms
MT4, TradingView, WebTrader
Minimum Deposit
$0
Why We Recommend City Index
After thoroughly testing numerous platforms, we’re confident in naming City Index as the best beginner CFD trading platform for UK traders. Esteemed as a trusted FCA-regulated broker, City Index provides access to over 12,000 financial markets. Their web trading platform impresses with its advanced tools, tailor-made workspace, commendable risk management features, and robust CFD market access. Whether you’re eyeing forex, shares, or indices, City Index makes the initiation into CFD trading straightforward and user-friendly.
Pros & Cons
Broker Details
With access to over 12,000 financial markets, City Index is a popular FCA-regulated broker in the United Kingdom. On top of excellent CFD market access, City Index’s web trading platform offers advanced trading tools, a customisable workspace and a range of risk management features. The user-friendly trading platform is an accessible introduction to CFD trading, with forex, shares and indices available to trade.
The highly regulated broker is listed on the New York Stock Exchange (NYSE) and overseen by many financial authorities worldwide. In the United Kingdom, where monetary authorities permit spread betting, the City Index by Gain Capital UK subsidiary follows regulations set by the Financial Conduct Authority (FCA).
UK traders receive some of the strongest investor protection available to retail investor accounts worldwide through the UK’s Financial Services Compensation Scheme.
As a UK resident, you may receive tax benefits when spread betting instead of CFD trading. City Index offers the best UK spread betting platform. Click here to find out more.
Forex Panel Score
Average Spread
EUR/USD = 1.6
GBP/USD = 1.6
AUD/USD = 1.9
Trading Platforms
MT4, MT5,
Markets.com Trading App
Minimum Deposit
$100
Why We Recommend markets.com
We confidently recommend Markets.com as the best forex broker for small accounts in the UK. Operating as a commission-free market maker, they boast a broad array of forex and CFD options, from shares to commodities and ETFs. Markets.com strictly adheres to the UK’s Financial Conduct Authority (FCA) regulations in line with top-tier standards. Additionally, for those based in the UK, the assurance of negative balance and FSCS protection adds an extra layer of security to your investments.
Pros & Cons
Broker Details
Markets.com is a commission-free forex broker that follows a market maker business model. The broker offers an excellent range of forex and CFDs with forex, commodities, indices, bonds, and ETFs available, plus thousands of different shares.
The FX broker follows tier-1 regulation, including that set by the UK’s Financial Conduct Authority (FCA). Therefore, Markets.com provides negative balance protection, and as a UK resident, you receive protection from the Financial Services Compensation Scheme (FSCS).
To add another layer of transparency regarding financial reporting and disclosure, the broker’s parent company, PlayTech, is a public company listed on the London Stock Exchange and a component of the FTSE 250 index.
Online Trading Accounts
As a market maker with dealing desk execution, Markets.com offers one primary account type. It requires a small initial deposit of $250 to open an account, and you will gain access to tight spreads as low as 0.40 pips with no commission fees. The combination of tight spreads with no commission fees and a low initial deposit makes it a great option if you are a beginner trader.
If you make a living and earn a salary as a professional trader, Markets.com offers a Pro Account to access higher leverage and a dedicated account manager.
To qualify for a professional trading account, you need to satisfy two of the following criteria:
Online Trading Platforms
In addition to MT4 and MT5, you can also use the broker’s proprietary trading platform to conduct analysis and place orders.
You can access the platform online, via a web trader platform or through mobile trading apps for iOS and Android devices. Both versions of the software offer an excellent range of tools to enhance your trading experience, including:
Markets.com’s market sentiment tools are one of the best features the broker and trading platform offers. The tools help determine whether most market participants feel positive or negative about a specific financial instrument.
Examples of Sentiment Tools:
On top of the sophisticated sentiment features, you can also use various technical and fundamental tools to develop trading strategies that include complex instruments and techniques:
View Markets.com ReviewVisit Markets.com
*Your capital is at risk ‘70% of retail CFD accounts lose money’
If you are new to forex and CFD trading and want a tried and tested trading platform, award-winning customer support and ultra-tight spreads, Pepperstone is the best broker for UK traders. The regulated broker is overseen by the Financial Conduct Authority (FCA) and provides risk management tools beneficial to beginners. To start trading forex and other CFDs, such as indices and commodities, with Pepperstone, you can easily open an ECN-style or no-commission account online, with a demo account available for 30 days.
Open a demo accountVisit Pepperstone
Creating our list of the best trading platforms for beginners in the UK wasn’t a task taken lightly. Our focus was heavily geared towards ensuring that these platforms are novice-friendly, but also compliant with the Financial Conduct Authority (FCA) in the UK. Regulatory oversight by the FCA is non-negotiable, as it’s a cornerstone of financial safety and fair trading practices. Therefore, each broker on our list has passed rigorous checks to ensure they meet the high standards set by this regulatory body.
Beyond FCA regulation, we delved into aspects specifically tailored to newcomers in the trading world. We assessed the user interface, educational resources, and demo accounts, among other features. This multi-faceted evaluation process ensures that not only are you engaging with a broker that’s trustworthy and compliant, but also one that can help you navigate the complexities of trading with ease. Our aim is to give you the confidence to embark on your trading journey with a platform that’s both secure and beginner-friendly. If your looking for something more advanced then navigate back to the homepage of
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