City Index stands out as one of the UK’s leading forex brokers, renowned for its robust trading platforms and versatile offerings. Its proprietary web and mobile platforms, praised for their user-friendliness and innovative features like Smart News, are ideal for beginners and less active traders. IG, a leading https://www.ussc.gov/sites/default/files/pdf/training/annual-national-training-seminar/2018/Emerging_Tech_Bitcoin_Crypto.pdf UK forex broker, provides various accounts for retail traders. Their platform has assets, tools, and education for both new and experienced traders.
Saxo Markets – Best for selection of tools
We particularly like the broker’s add-on trading tools which enhance its overall trading platform offering. When Ross averaged the benchmark currency pairs he tested AUDUSD, EUR/USD, GBPUSD, USD/CAD, USDCHF) he found IC Markets was still the best over all with 1.03 pips, well below the industry average of 1.48 pips. From our testing, the next nearest broker was CMC Markets with average spreads of 1.11 pips.
- Saxo is also regulated in the European Union via the MiFID passporting system.
- Most forex brokers will let you test the platform for free with a demo or virtual account, so that’s a useful option, especially for beginners.
- With access to global markets and advanced tools like Trader Workstation (TWS), it’s perfect for active and institutional traders.
- On top of the forex trading abilities, you can help make informed decisions through FXCC’s analytics and charting capabilities.
How to Choose a Trading Account?
Features to consider include advanced trading tools for charting, algorithmic and social/copy trading, and risk management tools are also important to https://immediate-edge-app.com/ consider. To trade its huge range of forex pairs, you’ll obtain competitive average spreads of 1.11 pips for its CFD account (commission-free) from our testing. This gave CMC Markets the second lowest Standard account spreads, compared to IC Markets at number 1.
– Lowest Spread CFD Broker
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Are there free AI forex trading software options?
With MT4 being a third-party tool, it is expected to have slower execution speeds for brokers, as they require an extra connection to the broker. Being regulated by multiple authorities means OANDA must follow strict frameworks set by the regulator to ensure the broker can protect the customer’s interests while providing a reliable financial service. FxPro’s 24/5 live chat customer service team showed they have deep knowledge of their product when I tested. I also found their response time to be fast and efficiently answered my questions. In my opinion, Plus500 has the one of the most comprehensive collection of educational materials.
From my personal experience, AutoChartis can help to save a lot of time identifying technical analysis events in the market and could be a good addition to your trading. Established in 1974 and listed on the London Stock Exchange, IG is governed by top-tier regulators including the FCA, ASIC, BaFin, and MAS, ensuring a high trust factor for traders. Vantage offers three different types of accounts – The Standard STP Account, Raw ECN Account, and Pro ECN Account – suitable for all types of traders interested in copy trading. During our live fee test, I found the spread for EUR/USD during the London and New York session averaged 1.3 pips which is around the industry average of 1.0 pips for a commission-free trading account. For more advanced traders, the MT4 and MT5 trading platforms will offer more features and customizations.