Forex, which is also known to people as foreign exchange, is the largest market in the world.
It is where hundreds and thousands of traders put their investment skills to the test for the reward of some generous and handsome profits.
Best Forex Trading Platforms in the UK
If you are new to forex trading, then you are probably overwhelmed by the huge variety of choices on offer in terms of forex trading platforms. Indeed, it is quite difficult to sort out the best trading platforms in the UK from the mediocre ones.
Luckily for you, we have compiled a short list of the 3 best forex trading platforms in the UK. These trading platforms excel above others in a number of different key aspects of forex trading.
AvaTrade (UK) Forex Trading Platform
AvaTrade is a close runner up to eToro in the race for the best forex trading platform in the UK. It has received raving reviews from both traders and leading forex experts throughout the years that it has been in operation.
Known as one of the best forex trading platforms in the world for those who are completely new to the world of foreign exchange, AvaTrade is the place for budding successful forex traders of the future.
As is the case with most upper tier trading platforms, AvaTrade has a commendable user friendly interface. The quality of the services that it provides to fresh traders is absolutely world class.
If you want a solid introduction to the quick stepped action of the forex currency trading, then start with AvaTrade. You are bound to be impressed by their customer care support.
What is really amazing about the AvaTrade experience is that you can avail a free coaching course and hone your kills in a free practice account if your are new to the forex trading game. No wonder so many fresh traders are signing up for AvaTrade.
eToro Forex Trading Platform
If you are looking for one of the best forex trading platforms when it comes to having a wide range of programs and an easy to use trader interface, look no further than eToro. The name of this forex trading platform may not suggest that it is one, but do not be deceived by its appearance or branding.
eToro are clearly one of the torchbearers in the field of UK forex trading. According to the best forex trading experts in the world, eToro could make the top 10 forex trading platforms list in any part of the world, and not just in the United Kingdom. It has impressed has a forex broker over the years as well.
One of the best options that you can enjoy is the “paper trading” assistance that they provide to their value traders. The paper trading assistance is usually applicable for traders who have just arrived at the scene and are looking to add to their experience and expertise before making any big moves in the market.
Therefore, if you are struggling to find your way around in the forex industry, then your best bet is to join eToro. They will launch your forex trading career in great style and help you overcome the initial hurdles along the way.
One of the major reasons why traders in the UK are open to the idea of using eToro is the fact that funding your eToro account is unbelievably simple and easy.
There is a huge range of payment options that you can make use of to pour money into your eToro account. Some of the more common payment options include credit cards, paypal, skrill and wire transfers.
Another advantage of beginning your forex trading journey with eToro is that £33 is all you need to get started. For the price of £33, you can have your own trading account.
Last but not the least; eToro goes out of its way to give its traders a thoroughly enjoyable trading experience by coming up with contests that have cash gifts on offer.
FxPro certainly deserves its place among the best trading platforms in the UK. The fact that its clients constantly put in positive responses to its features and trading options solidifies the fact that FxPro is a worthy contender for being named the best forex trading platform in the UK.
One of the reasons why the clients are so satisfied with their forex trading experience at FxPro is the fact that the customer care support at FxPro is state of the art to say the least.
The 24 hour live support offers assistance at any time of the day, and the quality of the help they provide is simply impeccable. Rest assured, you will not lose your way around in the forex market as long as the people at FxPro have your back.
Characteristics of Forex Market
Forex markets are defined by several key characteristics. These features of the forex market or forex trading make foreign exchange a lot different from other markets around the world.
For example, forex trading in general is highly unpredictable. The market is very volatile and it is extremely difficult for even the experts to accurately state when the markets trends will fall or rise. Two other features of the forex market that are well known are the low minimum balance accounts and the noteworthy profit potential.
The Huge Demand for Foreign Exchange
The forex market is home to thousands of brokers and trading software that accommodates the high demand for foreign exchange. In fact, the popularity of forex has been on the rise ever since its inception. More and more investors are eyeing forex as a lucrative money making platform.
Although thriving in the forex market is not an easy task, the success of investors, especially those who are of a relatively young age, has attracted the attention of people in the hundreds of thousands.
People within the business and finance sectors of the United Kingdom genuinely believe that Forex trading could pave the path to success in their careers.