The Best BESTTT Forex Trading Brokers 2021

Here at Top 10 Forex Brokers UK, we review and compare the leading names among foreign exchange brokers to maximise your chances of success. Terms & Conditions apply to each of the offers below, click 'Start Trading' for further information.

The minimum amount you need to deposit in order to open a real trading account Spread, denoted in Pips, is the difference between ASK and BID of any financial instrument. It represents the broker's service cost. Spread, denoted in Pips, is the difference between ASK and BID of any financial instrument. It represents the broker's service cost. Spread, denoted in Pips, is the difference between ASK and BID of any financial instrument. It represents the broker's service cost. Leverage is the use of borrowed capital to increase the potential return of investment. A lot is the smallest available trade size you can make when trading. Cyprus Securities and Exchange Commission Financial Conduct Authority Financial Services Board Australian Securities and Investments Commission Central Bank of Ireland Japan Securities Dealers Association Financial Services Commission Hungarian Financial Supervisory Authority Dubai Financial Services Authority
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What is Forex?

Forex – also known as FX, the currency market or foreign exchange market – is a decentralised global market for the trading of currencies, with an average daily trading volume of more than $5 trillion. It is an over-the-counter market with no central exchange, operating 24 hours a day, five days a week.

Forex trading essentially involves simultaneously purchasing one currency while selling another, mainly for speculation purposes. With currencies continually fluctuating in value in relation to each other due to such factors as geopolitics and economics, there are plenty of opportunities for the enterprising Forex trader to make a profit from these changes by accurately speculating about how various currencies will rise (appreciate) or fall (depreciate) in value in the future.

Why should I trade Forex with Top 10 Trading?

While making a Forex transaction is as simple as converting one currency to another currency – as many of us do every time we travel abroad – becoming a serious Forex trader requires you to become well-versed in the language, ideas and concepts inherent to this kind of trading.

The lack of a central market for Forex trading also makes it necessary to use a Forex broker to carry out online trading. Recent years have seen significant growth in the number and range of Forex brokers available, which has brought with it the need for newcomer and experienced traders alike to inform themselves about the features, strengths and weaknesses of each one. This is where Top 10 Trading comes in – we are one of the most trusted review and comparison portals for Forex brokers, enabling you to appreciate what each popular broker offers in relation to its competitors.

Choosing a Forex trader that is right for you

Selecting the most suitable Forex trader for you can seem like an overwhelming task, especially if you have never been involved in the foreign exchange market previously. Thankfully, there are some simple steps that you can take to remove much of the difficulty and stress from the decision-making process.

The most important characteristic to look out for in a Forex broker is the very highest level of security – after all, you won’t want to give your money to just any old site that claims to be legitimate. Thankfully, it’s not difficult to determine the credibility of a Forex broker, simply by checking whether the broker is registered with one of the many relevant regulatory bodies around the world. These include the National Futures Association (NFA) or Commodity Futures Trading Commission (CFTC) for brokers based in the US, while those from the UK should be approved by the Financial Conduct Authority (FCA) or Prudential Regulation Authority (PRA).

However, it’s worth remembering that there are many other factors potentially dictating the right choice of Forex broker for you, including the transaction costs, deposit and withdrawal process, trading platform and customer service. Naturally, no broker is ever quite the same as another, so by swotting up on the differences between the various popular companies here at Top 10 Trading, you can help to ensure that you select the most suitable one for you. We wish you no less than the very best of luck!