Currency trading has become a very popular activity in all parts of the world. However, in this guide, we would like to focus only on the UK, as the engagement in trading apps and platforms is increasing day by day in this country. UK residents see immense trading prospects and try to jump into this opportunity in order to earn a lot of money. However, currency trading is not an easy task as there are huge risks of getting scammed and manipulated on fake platforms for beginners.
With advancements in technology, it has become possible for people to establish scam platforms, where they trick people into depositing funds in hopes of stealing them. So, if you don’t know how to check the legitimacy of trading platforms, you will most likely end up being cheated and scammed. First, you need to make sure that the platform is authorized by a trusted provider. regulators before starting the trading processes. Usually information regarding regulations is presented at the bottom of the website, and if not, you are most likely dealing with a scammer.
Therefore, as soon as you see that the trading platform is reliable and licensed, then you can deposit money and start trading. UK citizens have many options when it comes to trading and apps, and below we’d like to highlight the safest apps and platforms to UK Regulated Forex Brokers.
The Best UK Trading Platforms and Apps
XM is a very popular trading exchange in the UK which was established in 2009 and has maintained high customer engagement throughout these years. This fact speaks volumes about their high quality services, and it is no surprise that XM has received numerous awards almost every year. This platform gives every visitor the opportunity to experience secure and transparent trading that unites indices, CFDs, Forex, commodities, stocks, metals and energies.
The good news is that XM treats every customer equally, whether they are newbies or dedicated members. You will enjoy its services regardless of your net capital or the size of your investments, so there are no restrictions on this platform. Thus, today, the total number of XM users is more than 5 million, and the daily trading volume exceeds $2.5 billion.
Despite the fact that Capital.com was launched only a few years ago, it quickly gained huge user engagement all over the world. You will notice from the start that the platform contains a user-friendly interface to make life easier for newbie traders, so that you can easily navigate it. You will meet nearly 6000 of the the most famous cryptos, commodities, currency pairs, indices and stocks. Moreover, there are market leading spreads on this platform without any commission. Over 500,000 Capital.com users have the ability to take advantage of top trading software such as MT4 and MT5, so it’s pretty clear why this exchange racks up nearly $530 billion in daily trades.
Pepperstone was established in 2010 and has since offered a wide range of high quality services to UK residents. You will come across over 700 trading instruments on this exchange, including CFDs, Forex, and Commodities. Additionally, Pepperstone provides one of the lowest commission figures, and you will experience raw spreads as well as fast execution. When it comes to trading software, you have the option of taking advantage of industry leading tools such as MT4, MT5, and cTrader. Overall, Pepperstone has reached many users who can profit from trading in global markets, and it even provides VIP services to the most loyal customers.
Tickmill Trading Exchange is a member of the Tickmill Group which has managed to maintain its popularity for 8 years. There is a team of professional and experienced traders behind this platform who work hard to provide you with premium services all the time. UK residents will experience over 180 trading instruments on this platform, and the good news is that spreads start as low as 0 and commissions are very low here. Tickmill allows visitors to try out all possible trading strategies including hedging, scalping, and EAs, and best of all, trading processes can be completed in 0.20 seconds. If you encounter any obstacles on this exchange, a professional customer service team is ready to provide you with 24/7 assistance through various resources.
Finally, the UK trading platform we want to cover is called HYCM. It is one of the oldest exchanges in operation for more than 20 years now, and it has maintained huge popularity during all this time. It is one of the best destinations if you want to trade Forex and CFDs, as you will benefit from great liquidity, low spreads, low cost and fast trading, and several other services. HYCM clients can take advantage of over 300 trading instruments, which is why this exchange is visited by many traders daily!