Using the Standard account, you can trade a decent choice of 84 forex pairs or 27 commodities, as well as indices and commodity products like gold and silver. I found these results to show that City Index offers solid, industry-beating is iqcent legit spreads across all of its majors. I like how City Index performed in my trading cost test for its Standard account, offering an average spread of 1.24 pips across the top majors in my testing. The range of markets City Index is also amongst the best, offering 13,500+ products, which is why I scored them 9/10 for trading products.

• Additionally, if you choose a non-FCA regulated account, your trading account will not be protected by the Financial Services Compensation Scheme.
• Regulated by top-tier authorities, it is a preferred choice for scalpers and algorithmic traders who demand speed and transparency.
• The Eightcap Standard account has an average variable spread of 1.0 pips, which is very competitive.
• In the US, trading is available from approximately 5pm Sunday to 5pm Friday (New York time).

Which Broker Is Best For Metatrader 4?

• Many top brokers also provide negative balance protection, therefore guaranteeing that clients cannot lose more than they invest.
• The broker’s commitment to customer protection, robust educational resources, and risk management tools like the AvaProtect found on the AvaTradeGo mobile app.
• My testing of the best brokers found Pepperstone to be the best broker for 2026 based on our execution speed tests, published low spreads and forex trading platform range offered.
• A spot FX broker can take the other side of a trade, transition it to a wholesale pool, and lock in a profit.
• Companies seeking a license must actively create and maintain a trading environment that operates in the best interests of their clients.

These trading baskets mix assets like stocks, ETFs, commodities and currencies which is a good way to diversify your portfolio and manage risks. This ensures every performance statistic is authentic, giving you reliable data to make informed decisions about which traders to follow. This detailed insight helps you find signal providers whose trading style and risk approach match your investment goals. Lastly, I found eToro’s spreads to be competitive (starting from 1 pip for EUR/USD). I found eToro to be the most user-friendly way to copy trade thanks to its CopyTrader platform.

Leverage And Margin

Without serving as middlemen, ECN brokers link clients with liquidity providers and give direct access to the interbank market. While ECN (Electronic Communication Network) brokers immediately route clients’ orders to liquidity providers or the interbank market, market makers build their own market and provide liquidity to their clients. They also make money on commissions on trades by charging spreads—that is, the difference between the buy and sell rates.

Which Forex Broker Offers The Most Advanced Trading Platform?

For our team, we generally consider MetaTrader 4 (MT4) the best forex trading platform for most traders. European brokers typically offer a range of popular trading platforms, and it’s important to choose one that fits your trading style and experience level. When trading with a European broker, the main costs you’ll face are spreads and commissions, depending on the type of account you choose.

Most brokers like Pepperstone offer variable spreads, which change during the day depending on market liquidity. Fortunately, forex brokers are legally required to be regulated by the FCA in the UK, making this step easy. Both of these spreads compete with ECN brokers that offer tighter spreads with commissions, which is a solid achievement for City Index’s Standard account. I found the broker only offers a Standard account with spread-only pricing, which is from 0.90 pips on EUR/USD based on the broker’s published average spreads.

• AvaTrade UK is well-suited for traders seeking a variety of trading instruments and user-friendly trading platforms.
• These are just a few of the reasons why we recommend OANDA as the top choice for beginner forex traders in Europe.
• While CopyTrader™ allows you to copy a single professional, CopyPortfolios™ expands the field to a pool of similar traders focused on the same asset class.

Ig Group – Largest Forex Broker In Europe

For forex enthusiasts, we maintain that you can’t go wrong with the tried and true MetaTrader 4. The dynamics change a bit with IC Markets’ Raw account. IG’s reputation as a reliable and responsive broker is also well-deserved. Either way, you’ll need money in your wallet before trading with IG. Safety is also a priority, evidenced by the multiple licenses IG holds from top-tier financial regulators. Leveraging behavioural science and cutting-edge data analytics, this portal helped us identify your trading strengths and weaknesses and offered constructive suggestions to enhance our strategy.

The broker’s technical support operates at a high level, offering clients quick and efficient https://tradingfinder.com/option/iqcent/trading-platform/ responses to any questions. Beginners will find extensive educational materials, including trading guides, webinars, instructional videos, and Forex trading courses. However, when choosing a broker, selecting a company you can trust with your money is crucial.

• BlackBull Markets provides a robust trading platform with multiple tools and resources, including MT4, MT5, and TradingView, making it suitable for advanced traders.
• We strongly advise all users of this website to be aware that trading in Forex and CFD markets carries a high level of risk.
• This reduces the risk of fraud and increases the trustworthiness of the broker.
• This account is tailor-made for day traders who are into techniques like scalping and prefer shorter time frames for trading.

Account Types

On top of solid spreads and a large product catalogue, the broker offers top trading platforms, with access to the City Index Trading platform, MetaTrader 4, and TradingView. Below is my shortlist of the best Forex brokers in The UK based on important trading features like spreads and Forex trading platforms. FP Markets and EightCap cater well to experienced traders, offering advanced trading tools, multiple account types, and competitive spreads. To enable traders to make educated decisions, forex brokers also provide access to a range of tools, including charting software, technical indicators, leverage, and educational resources. When selecting a regulated broker, certain features such as leverage, spreads, trading platforms, and asset variety play a crucial role in delivering a secure and optimized trading experience. Some brokers also offer proprietary platforms, which may include custom tools, simplified interfaces, or seamless integration with their account services.

A spread is the difference between a currency pair’s buy and ask price; the lower the spreads are, the less it’ll cost you for each trade. I https://www.trustpilot.com/review/iqcent.pro like to think that more options mean more opportunities to trade in different markets. When looking for a broker, you must research regulated brokers, which provides the foundation of your search. Once live, you can use a trading platform like MetaTrader 4 to place your trades. If a broker doesn’t have one, they are not regulated by the FCA, as this is a requirement for all CFD brokers to display their license on all promotional material. I find the easiest way to verify an FCA-regulated forex broker is by looking at the bottom of the broker’s website, which shows you the broker’s FCA license number.

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It can appeal to both beginners looking to start trading and experienced traders who want to expand their knowledge and skills. Additionally, if you choose a non-FCA regulated account, your trading account will not be protected by the Financial Services Compensation Scheme. Ensure you understand the risks of CFDs and spread bets and can afford to lose your money when you trade. In volatile markets, the combination of leverage creates a high-risk environment. There are also brokers regulated by CySEC that appear on other comparisons. Based on factors such as forex market range, currency trading conditions, forex fees, and customer service, we created the finalised list based on FCA Regulated Brokers.