Finding a decent Forex broker these days is not a super complex task at all. On the contrary, once you browse the web, you will be offered with numerous websites that offer you different, but still intriguing and interesting options to take benefits of and to make your financial activity funnier and more profitable, of course. But there is one group of Forex trading platforms that seem to be the top rated and the most preferred ones. These, naturally, are the well-known UK Forex brokers and almost every single trader has at least once tried some of them. These brokers are indeed – popular and very reputable – and it is not a secret to anyone that they determine the class of trading platforms, where security is on a very high level, while the additional extras and privileges are always enough to make trader`s experience great and profitable even if he or she is on the beginning stage. So let`s discus the specifications as to the UK Forex brokers now, so you can get convinced that they are really what you are looking and expecting for a reputable and reliable trading platform.
The UK Forex Brokers Protect The Trading Community With Strict and Proper Regulation
We cannot begin the dissection of the UK Forex brokers with any other feature, but their regulation. After all, the regulation is what distinguishes the different brokers as to their nationality and residence. Be aware that brokers in UK are safe and reliable and there is nothing you should worry about, when it comes to investing your personal money or filling the gaps in the registration process with your personal data, when it comes to these certain websites. The regulation bodies that protect the trading in UK and in UK-based brokers are supportive and very strict as to the frauds or scams, as well as to the improvement of the security level in this financial experience. See which agencies are in charge for the regulation in UK Forex brokers now:
Financial Conduct Authority
The regulation of Forex UK Brokers is hold by the well-known Financial Conduct Authority. You will find it with the abbreviation FCA, too. Be aware that this agency is actually the former FSA. Both bodies, though, have always done the same job, but with the establishing of the brand new name of FCA, new rules for stricter regulation were also applied. The specific thing about FCA is that it works independently from the government in UK, while its funds come from the different fees the financial services industry customers pay. The FCA focuses on retail and wholesale financial services firms and it has numerous infringements to put on both – regular traders as customers, as well as the financial firms that provide Forex trading services. The FCA, is mainly in charge to protect your personal data, as well as to observe the faultless financial transactions that traders do alongside their experience in Forex trading field.
As part of the EU, UK has allowed the agencies from the Union, which are placed in charge for the control of the financial market services and in gambling, too, to add their own regulation measures. So what makes the UK Forex brokers so trustworthy is also the fact that they are basically double protected – from the official FCA in UK and from the European Union. Be aware, though, that EU is only a supportive – and extra additional body – and a trader does not have many options to make complains or apply for an inquiry directly to the bodies in EU. What actually EU does is to support FCA and to improve the trading activity in general – for both, the brokers and the trading community.
Why UK Forex Brokers Are So Great?
There are many reasons why we believe that Forex brokers in UK are indeed the greatest ones. Though, the following list of benefits of features will make it easier for you to determine how great these websites are indeed. See the pros behind the UK brokers now!
- UK brokers are numerous. Alongside with Cyprus-based their number is the largest across the entire Forex trading world.
- The customer support services are almost always 24/7 and at multiple languages, so you don’t even have to be a British citizen to take the advantages of constant assistance by the administrative team in a website.
- The variety of Forex bonuses is actually a thing that UK brokers have established, because they are the ones that have the vastest bonus systems.
- Very cool help for the beginners in trading. This means that UK brokers take the responsibility to introduce the Forex world to the newcomers in it, which is a super extra, too, isn’t it?
Do not miss to read few of our Forex broker reviews, where UK websites are listed, too. Here, you can find the top brokers in UK without considering how safe they are, because we have selected only the best options for you! It’s always best practice to check where Forex trading is allowed country wise.