This includes 110 forex pairs, 13,000 shares CFDs, 130 indices and over 2000 ETFs. You can also trade spot shares with IG Group, which involves stock ownership, as opposed to CFDs which doesn’t. Based on our testing, the broker had average Standard account (no-commission) spreads of 1.03 pips compared to the industry average of 1.48 pips. To legally offer financial services to clients, all brokers must be regulated by that country or jurisdiction’s regulator.

– Lowest Commissions

Please note this software comparison focuses on forex and CFD trading platforms suitable for short-term trading with maximum leverage. If you are interested in medium to long-term trading involving buying and selling shares, then viewing this Stock trading app guide created by Young And The Invested is recommended. Always choose a broker licensed and regulated in the jurisdiction where you are trading forex and CFDs.

How to Avoid Forex and CFD Scams?

Forex trading along with CFD trading is legal in the UK and is regulated by the Financial Conduct Authority (FCA), which authorises all forex brokers to provide financial services to retail traders. EToro is the best broker for copy trading tools thanks to its excellent and user-friendly CopyTrader platform, which makes it effortless to copy profitable traders. With CopyTrader, you can filter traders based on your metrics, including markets, draw-down tolerance, and frequency of trades.

Best forex brokers: Top choices for currency trading

After the Account Opening is processed, you will need to deposit funds so you can open a trade. Once you have funds in your account, you can start placing orders to buy or sell currency pairs. Interactive Brokers is the best broker for professional traders, offering a range of sophisticated proprietary Best forex trading platform platforms, all featuring advanced trading tools to suit experienced traders. We highly recommend practising on one of the best forex demo accounts before you sign up with a broker. That way, you can test out the broker’s trading platform, products, and overall trading experience for yourself before making your final decision.

Relatively small amounts, such as $10 or $100, are common, but brokers are requiring as much as $10,000 or even more. Usually, the higher the minimum deposit, the better the fee conditions you will get. Almost all brokers will offer leverage, which allows you to borrow money and buy and sell positions larger than the size of your account. If this sounds dangerous to you, that is because it is – being leveraged will magnify your losses as well as your wins. For those that want signals directly from their US Forex broker, IG has teamed up with Autochartist and PIA First to provide traders with technical and fundamental signals. You don’t take ownership of the underlying asset but rather use the derivative to speculate on the price movements.

Best Platforms for International Traders

I am quite pleased with my trading experience using GO Markets, mainly because of the low commissions and ease of trading with cTrader. The platform felt like a perfect and less complicated mix of TradingView and the MetaTraders, offering fast execution speeds, a user-friendly interface, and automated trading capabilities. In terms of pricing, IC Markets’ Raw account offers competitive spreads, averaging 0.19 pips on EUR/USD on my tests on different market conditions. Based on my observation, this combination of enhanced features, diverse market access, and competitive pricing makes IC Markets attractive to a good range of trader types. I found Pepperstone to be a great choice for forex traders looking for a comprehensive trading experience by combining competitive pricing with enhanced trading tools. The Financial Conduct Authority (FCA) is essential for forex traders in the UK because it ensures every forex broker they regulate meets the high standards set to provide financial services to retail traders.

• EToro also offers investors the option to trade using Smart Portfolios, curated indices of similar stocks.
• While CopyTrader lets you discover, track, and replicate other traders within the eToro realm, Smart Trader works similarly but focuses on indices, crafting trade baskets based on prevalent trends.
• This should include customizable screens, technical indicators, and chart drawing capabilities.
• The recommended UK forex brokers on this page are listed on the Financial Conduct Authority FCA register.
• These are the most in-demand pairs as they carry the largest trading volume and liquidity.

If you trade $50 million or more in notional monthly volume, you can access a 5% spread cashback rebate, which is the equivalent of $5 per million (USD) traded. This rebate can be withdrawn or used in the trading account to open new trades. 50K exploded into the trading scene in 2024 with its all-inclusive offering and pleasant layout. The app offers 2650+ US and European shares and ETFs that can be traded 24/5 with 0% commission (additional fees may apply). IronFX offers seven account types that suit various trading strategies and styles.

Virtual trading simulators like those are a good way to learn how to trade and understand the different strategies you might employ. We chose low-cost forex trading platforms that will help maximize returns, as even small differences in fees can add up over many day trades. Traders can access a broad suite of instruments, including CFDs on stocks, indices, commodities, and forex, using advanced platforms such as MetaTrader 4, ProRealTime, and the proprietary IG Trading Platform. With tight spreads from 0.6 pips, no commission trading, and fast 0.1-second execution, IG caters to both retail and institutional clients alike. CTrader is a premium, multi-asset trading platform built for forex and CFD traders, offering a sleek user interface paired with powerful backend technology.

It’s no secret that the potential capabilities of artificial intelligence (AI) can, in many ways, far surpass the abilities of humans. And yet, when it comes to forex trading, an expert advisor (EA) or a robot — as algorithmic trading is often referred to — does not beat out the human mind in all cases. With Zen Trading, investors can make use of professionally developed strategies, built by a quantitative algorithmic fund that’s successfully trading the markets with those same strategies. Zen Trading does all the leg work for you, so you can simply customize it to the timeframe and assets you trade.

Can I automate trading on MetaTrader 4?

Tastyfx (formerly IG US) is a more specialized broker focused on forex, and it’s open to American investors. It’s a high-powered broker that nevertheless offers many features, such as a demo account, that may help novice traders. The broker offers a web platform, a mobile app and access to MetaTrader4 and ProRealTime platforms. NinjaTrader is a leading futures trading platform designed for active traders looking for advanced charting tools, deep market access, and customization options.

• Though not uncommon among forex brokers, Pepperstone is not available in the U.S.
• That said, US traders can access the same range of accounts as in other countries.
• MetaTrader 4 is the most beginner-friendly trading software as it provides a simplified user experience.

Professional traders might prefer the Advantage Plus Account, which offers spreads starting at 0.1 pips directly from the interbank market. Our mission is to provide in-depth, unbiased reviews of international forex brokers, and to create world-class content about the global forex industry. Since inception, ForexBrokers.com has helped millions of traders compare and choose the best forex and CFD brokers. From proven, prebuilt strategies and indicators to professional consulting for advanced traders who build their own trading scripts, Zen Trading Strategies offers services for algo traders of all skill levels. With free trials, tiered pricing options, and a wide variety of plans, this company aims to offer something that fits every budget and every trading style. Plus500 is a global multi-asset fintech group that operates its own proprietary trading platform, offering a range of trading products including CFDs, share dealing, and futures trading (US).

Can I Trade With An Offshore Broker?

The range of Forex markets CMC Markets offers gives experienced traders new ways to find trading opportunities on volatile markets, while finding potential arbitrage opportunities. The IG Trading platform has 30+ indicators covering popular indicators like moving averages and Pivot Points, making it a decent platform for technical analysis. Another feature I like is Signal Centre, which provides trading signals from PIA First and Autochartist, supplying you with professional level analysis which is ideal for day trading. We think this pairing of fast execution speeds and zero-pip spreads on EUR/USD makes Pepperstone an excellent candidate if you scalp the markets. You can choose from MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, the Pepperstone Trading App, and TradingView. This range of platforms means Pepperstone has the best platform options for to suit your trading style.

Most brokers in the UK offer a range of deposit methods; the most popular are bank transfer and debit card depositing; however, some brokers also take e-wallets like Skrill and PayPal. The broker has a decent range of platforms, which includes MT4, MetaTrader 5, FxPro Web Trader, and cTrader. I think cTrader is a great platform for algo traders with its cBots, and scalpers that can benefit from Direct Market Access for the broker’s 2,100+ markets.

Trading conditions are an important consideration to make because when it comes down to it, you want a smooth and seamless trading environment to avoid slippage and a clunky trading experience. We recommend CMC Markets because of its huge CFD range, which includes 9000 share CFDs. Both Forex.com and City Index offer a low-cost RAW account, with some slight variations, from our testing. While both brokers accept clients from the UK, If you are in the US, Canada or Europe FOREX.com will be for you while City Index also serves Australia and Singapore. With BlackBull Invest, you can trade a whopping 26,000 shares from over 80 global markets, one of the largest selections of shares we’ve seen.

Another interesting research tool provided by Tickmill is access to Signal Centre, which can be used as a plugin directly from the MT4 or MT5 trading platforms. Powered by Acuity, the tool provides market insights from an FCA-regulated signal provider across all asset classes. The signals include entry, stop loss and take profit levels and a detailed analysis of the trade idea, which I also think is an excellent learning tool for beginner traders looking to build their confidence.