Trading forex is a high risk activity and you may end up losing more than your initial deposit. Make sure you understand the risks before you open an account. For eign ex change forex trading lets you invest your money by predicting if one currency will go up or down in value against another. You need to open a forex account before you can start trading. Use this comparison to find a fx trading account that suits your needs.
Forex trading uses currency pairs; the first in a pair is the base currency, the second is the counter currency. You have two options to try and make a profit:. If you think the base currency will increase by more than the counter currency. If you think the counter currency will increase by more than the base currency. This comparison shows the spread offered on each company's forex trading platforms for the following currency pairs:. Forex trading uses pips to measure a spread.
A pip usually represents the fourth decimal point in a foreign exchange rate:. The exception is currency pairs that include the Japanese yen, then the pip is the second decimal point:. The smaller the spread the less a currency needs to grow or fall in your favour before you break even.
Some charge for cash withdrawals or for leaving your account inactive for over a year. Check each company's terms before opening an account. Check the terms before you apply. Yes, all UK based forex trading companies are regulated by the Financial Conduct Authority, which means they cannot mislead or scam you.
Yes, but only if the company offers a mobile app. You still need to open an account online and add money before you can forex trade on an app. We include forex trading platforms from our panel.
Here is more information about how our website works. We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services.
Find out more here. We don't sell your personal information, in fact you can use our site without giving it to us. If you do share your details with us, we promise to keep them safe. Our data experts check the companies we list are legit and we only add them to our comparisons when we're happy they've satisfied our screening. We're totally passionate about giving you the most useful and up to date financial information, without any fancy gimmicks.
Show me featured products first. Losses can exceed deposits. Tight fixed spreads and low margins. Welcome bonus offers and TradeBack loyalty rebate. Losses may exceed deposits. To open a spread betting account you will need to open a fxTrade account first. Spreads start from 0. City Index Forex Trading Account. City Index has over 30 years' of industry experience and provides 24 hour access to variable spreads on major, minor and exotic currency pairs.
CFDs are a leveraged product and can result in the loss of your entire deposit. Open a trading account with up to 1: Losses can exceed initial investment.
Spread Co Spread Betting. Trade with a Great British Broker with 0. Core Spreads Forex Trading. Low spreads from 0. Spreadex Financial Spread Betting Account. Formax Prime Capital is an Agency only broker. Authorised and Regulated by the Financial Conduct Authority. Losses can exceed deposit. Authorized and Regulated by the Financial Conduct Authority. CFD trading is high risk. What is forex trading? Here is more information on forex trading. Here is how to start forex trading.
Do forex trading companies charge fees? Do I pay tax when forex trading? How much do I need to open a forex trading account? Is forex trading regulated? Can I forex trade through a mobile app? Who do we include in this comparison? How do we make money from our comparison? You do not pay any extra and the deal you get is not affected. Why check with us? We don't sell your data We don't sell your personal information, in fact you can use our site without giving it to us.
We check out every company we list Our data experts check the companies we list are legit and we only add them to our comparisons when we're happy they've satisfied our screening. We're a team of money experts We're totally passionate about giving you the most useful and up to date financial information, without any fancy gimmicks.More...